03-21: BK, Advance Auto Parts, Childcare, Fox and Hound, On The Border

1. Burger King in Blythe, CA: 3316 SF Burger King on ¾ ac lot next to I-10 exit. 100% absolute NNN lease till 2026 to an operator with 5 locations.  Store with strong $1.2M sales revenue. NOI $88K/yr.  $1.3M. 6.75% cap. 
2. Advance Auto Parts in Chamblee, GA: 7000 SF auto parts store constructed in 1997 along main retail corridor in fast growing Atlanta metro. 100% NNN- corp lease till 2023.  NOI $94K/yr. $1.35M. 7% cap. Store with revenue 1/3 higher than national average.  
3. The Learning Experience in Westampton, NJ: 10,000 SF day care center built in 2011 on 1.36 ac lot in well-off (AHI $98K/yr) Philadelphia metro. 100% NNN lease with 15 yrs left to a national childcare provider. NOI $252K/yr with 12% rent increases every 5 yrs. $3.6M. 8.25% cap. 
4. Retail Building in Aurora, CO: 3500 SF attractive retail building constructed in 2006 on .58 ac outparcel to Target, Office Max, Jo-Ann’s Fabrics and PetsMart. 100% NNN leased to 2 tenants:  Starbucks and Jeffrey B. Jewelers. In growing (787.48% since 2000) and prosperous (AHI $128K/yr) Denver suburbs. NOI $97K/yr. $1.325M. 7.37% cap.  
5. Strip Center in Corona, CA: 3835 SF well-maintained strip center on .28 ac lot anchored by Ace Cash Express at a hard corner location in Riverside suburbs. 100% NNN leased to 3 tenants. NOI $63K/yr. $995K. 6.09% cap.  
6. Shopping Center in Moreno Valley, CA: 79,987 SF shopping center on 8+ acres lot anchored by a 45,750 SF Ralph’s Supermarket. In well-off (AHI $107K/yr) and densely populated Inland Empire. NOI $930K/yr. $9.8M. 9.49% cap. 
7. Fox and Hound in Tucson, AZ: 11,638 SF restaurant built in 2002 on .87 ac lot shadow-anchored by Wal-Mart and next to Foothills Mall. 100% absolute NNN corp lease with 10½ yrs left. NOI $199K/yr with CPI rent increases. $2.75M. 7.26% cap. 
8. Office Building in Boca Raton, FL: 35,000 SF well-kept 3-story multi-tenant office building in high income Fort Lauderdale metro.  Near Boca Raton Community Hospital and next to I-95. 89% leased. NOI $420K/yr. $5.25M. 8% cap.  
9. On The Border in Las Vegas, NV: 6626 SF Mexican restaurant built in 2007 on 1 ac outparcel to a 350,000 SF shopping center and next to Hwy-90. Excellent demographics: fast growing area with AHI $81K/yr. 20 yrs absolute NNN lease till 2027 to On the Border, a chain with 167 restaurants. NOI $167K/yr with 10% rent increases every 5 yrs. $2M. 8.35% cap.

© Transmercial 2012.