02-14: La Petite Academy, Casa Olé, Rite Aid, Fresenius, Coco's Bakery Restaurant, Apartments

1. La Petite Academy in North Las Vegas, NV: 9987 SF day care center built in 2007 on 1+ ac lot in area with strong demographics. 15 yr absolute NNN corp lease with 9+ yrs left to a national childcare provider with over 500 locations. NOI $210K/yr. $2.806M. 7.50% cap.
2. Casa Olé in Silsbee, TX: 3941 SF Mexican restaurant on .93 ac lot along main retail corridor and in a growing town. 20 yr absolute NNN corp lease with 11 yrs left. NOI $141K/yr with 1.5% annual rent bumps. $1.715M. 8.25% cap.
3. Rite Aid in Cheswick, PA: 10,908 SF drive-thru Rite Aid built in 2000 on 1+ ac lot at a signalized intersection in upper middle class (AHI $83K/yr in 3 mile) Pittsburgh suburbs. Close to I-76. 20 yrs absolute NNN corp lease with 7+ yrs left. NOI $248K/yr with 2-3% rent bumps at each option period. $2.367M. 10.50% cap. Store with strong $6.6M (est.) in sales revenue.
4. Fresenius in Knoxville, TN: 10,440 SF remodeled dialysis center close to numerous health care facilities and several hospitals. 10 yrs lease renewal with 6 yrs left. $207K/yr. $2.595M. 8% cap.
5. Coco’s Bakery Restaurant in San Bernardino, CA: 5626 SF well maintained restaurant on .95 ac lot across from 463-bed St. Bernardine Medical Center. Tenant has been 34 yrs at this location. 100% NNN corp lease with 5 yrs left. NOI $49K/yr. $950K. 5.17% cap.
6. Apartments in Houston, TX: 126-units well kept two-story multi-family complex on 3.40 ac lot in fast growing upper middle class area. Close to shopping centers, parks, schools and I-610. 93% occupied. NOI $210K/yr. $2.9M. 9% cap.
7. Office Building in Crystal Lake, IL: 10,000 SF Class B office building in growing and affluent (AHI of $101K/yr in 3 mile) Chicago metro. 75% leased. NOI $76K/yr. $952K. 8% cap.
8. Retail Center in Lombard, IL: 9252 SF well maintained retail center in high income Chicago suburbs. Close to Yorktown Shopping Center. 88% leased to long term tenants. NOI $116K/yr. $1.223M. 9.50% cap.
9. Retail Center in Canton, OH: 23,826 SF retail center on 2.88 ac lot in high income area with an AHI of $100K/yr in 1 mile. 93% NNN leased to medical & retail tenants. NOI $184K/yr. $2.3M. 8% cap.
10. Shopping Center in Secaucus, NJ: 74,218 SF two-story shopping center in densely populated (over 800,000 residents in 5 miles) & prosperous (AHI $136K/yr in 1 mile) New York area. NOI $920K/yr. $11.5M. 8% cap.

© Transmercial 2013

02-13: Rite Aid, LA Fitness, DaVita, MOB, Retail Centers

1. Retail Center in Indianapolis, IN: 12,172 SF retail center at a hard corner location in high income (AHI $92K/yr in 1 mile) area. 100% leased. NOI $293K/yr. $3.65M. 8.05% cap.
2. Rite Aid in Greece, NY: 13,604 SF Rite Aid pharmacy built in 2008 on 1.82 ac lot in Rochester suburbs. Close to The Mall at Greece Ridge.  20 yrs NNN lease with 17 yrs left.  NOI $552K/yr with 10% rent bump in 2018.  $6.5M. 8.50% cap.
3. LA Fitness in Houston, TX: 45,000 SF new built-to-suit fitness center on 3.74 ac lot in growing and high income area. Along major retail corridor and across from162,000 SF Woodlake Shopping Center. New 15 yrs NNN- lease. NOI $900K/yr with CPI or 10% rent increases every 5 yrs. $12.413M. 9.42% cap.
4. Medical & Retail Buildings in Sugar Land, TX: 36,441 SF consisting of four medical and retail buildings constructed in 2006 in high income Houston metro. Close to Memorial Hermann Sugar Land Hospital. NOI $574K/yr. $7.2M. 7.98% cap.
5. Retail Center in Richmond, VA: 5600 SF retail buildings built in 2007 on 1+ ac outparcel to Walmart and Lowe’s and near I-95. Tenants include: free-standing 1,850 SF drive-thru Starbucks Coffee, 1,777 SF Game Stop and 1,973 SF Sunshine Nails. 100% NNN leased. NOI $153K/yr. $2.187M. 7% cap.
6. Retail Center in Worth, IL: 7500 SF retail center with all units facing busy corridor. 100% leased to long term tenants. NOI $94K/yr. $1.199M. 7.90% cap.
7. DaVita in Chicago, IL: 9100 SF brand new built-to-suit dialysis center on .76 ac lot in densely populated area. Tenant is relocating from smaller facility approximately .25 miles to the South.  New 15 yrs NNN- corp lease. NOI $234K/yr with 10% rent bumps every 5 yrs. $3.605M. 6.50% cap.
8. Shopping Center in Renton, WA: 25,224 SF well maintained two-story shopping center on 2+ ac lot at a hard corner location in affluent (AHI $93K/yr in 1 mile) Seattle metro. 95% NNN leased. Proforma NOI $399K/yr. $5.75M. 6.95% cap.
9. Rite Aid in Colton, CA: 19,300 SF Rite Aid pharmacy built in 1991 on 1.77 ac lot at a signalized corner location just off I-215 exit. Co-tenant with Starter Bros Market. 17 yrs absolute NNN lease with 4 yrs left. NOI $158K/yr with rental increases. $1.915M. 8.25% cap. 
10. Strip Center in Tarpon Springs, FL: 5800 SF strip center on .40 ac lot in Tampa suburbs. 100% leased. NOI $70K/yr. $705K. 8% cap.  

© Transmercial 2013

02-12: Boston Market, Jiffy Lube, IHOP, Lowe's, CVS, Denny's

1. Retail Center in Suwanee, GA: 18,200 SF high quality construction retail center built in 1997 on 2.61 ac lot in fast growing and affluent (AHI $155K/yr in 1 mile) Atlanta suburbs. Shadow anchored by Kroger grocery and near 110-bed Emory Johns Creek Hospital. 92% NNN leased with only one vacancy. $3.045M. 8.5% cap.
2. Boston Market in Gurnee, IL: 3152 SF well maintained restaurant built on 1.41 ac lot outparcel to Menards grocery in high income Chicago metro. Across from Gurnee Mills, anchored by Macy’s, TJ Maxx, Kohl’s, Sears, Sports Authority and Bed Bad & Beyond. Near Six Flags Great America and I-94. 20 yrs absolute NNN corp lease with 15 yrs left. NOI $162K/yr with 2% annual rent increases. $2.168M. 7.5% cap. NOTE: flyer not included, full brochure upon request.
3. Shopping Center in Colleyville, TX: 33,902 SF consisting of two retail centers built in 2008 on 3.44 ac lot along main retail corridor in growing & wealthy (AHI $182K/yr in 1 mile) Dallas suburbs. 83% leased. NOI $462K/yr. $5.4M. 8.60% cap.
4. Neighborhood Center in Memphis, TN: 139,815 SF shopping center renovated in 2004 on nearly 12 acres lot anchored by Save-A-Lot grocery between I-40 & I-240. 96% leased to national/regional tenants: 12,000 SF Dollar Tree, 17,000 SF Save A Lot, 27,125 SF Northern Tool, 20,000 SF City Thrift, 41,534 SF Essex Bargain Hunt . NOI $863K/yr. $9M. 9.57% cap.
5. Retail Center in Atwater, CA: 7900 SF strip center built in 2007 on 1 ac lot in a growing city near Merced.  Shadow anchored by Food 4 Less and Walgreens.  100% NNN leased to 4 good tenants: Wells Fargo Bank, Starbucks, UPS Store, and Corp Wireless.  NOI $252K/yr. $3.481M. 7.25% cap.
6. Jiffy Lube in Virginia Beach, VA: 3060 SF Jiffy Lube built in 2002 on .37 ac lot at major retail corridor. Next to Kroger grocery and Home Depot. 20 yrs absolute NNN lease with 9 yrs left to 2^nd largest franchisee with 165 units. NOI $144K/yr. $1.8M. 8% cap.
7. IHOP Restaurant in Memphis, TN: 5000 SF IHOP restaurant on 1+ ac corner lot along major thoroughfare. 25 yrs absolute NNN corp ground lease (land for sale) with 10 yrs left. NOI $86K/yr with 15% rent increase in 12/2017. $1.35M. 6.5% cap.
8. Lowe’s in Las Vegas, NV: 175,000 SF big box retail building constructed in 2010 on 11.23 acres lot in fast growing and high income area with an AHI of $78K/yr in 1 mile. Huge monument sign visible from Hwy.  Off/on ramp Hwy-95. 100% absolute NNN ground lease (land is for sale) with 17+ yrs left. NOI $724K/yr. $11.6M. 6.25% cap.
9. CVS in Palm Springs, FL: 12,739 SF 24-hr with three drive-up bays CVS pharmacy on 1.50 ac lot at a hard corner location. 20 yrs NNN- corp lease with 6+ yrs left. NOI $319K/yr with a 2% rent bump in 2014. $4.564M. 7% cap. Store with strong sales of over $8M/year.
10. Denny’s Restaurant in Newbury Park, CA: 3510 SF Denny’s restaurant in well off (AHI $124K/yr in 3 mile) Southern California city. Adjacent to Home Depot, Target and Staples. Visible & off/on ramp Hwy-101. 100% NNN lease with 4 yrs left. NOI $120K/yr. $2.4M. 6.05% cap.

© Transmercial 2013

02-11: Carl's Jr. Walgreen's, Burger King, Office Building, MOB

1. Strip Center in Lake Charles, LA: 8250 SF strip center built in 2008 on .71 ac lot in upper middle-class area. Adjacent to Prien Lake Mall and off/on ramp I-210. NNN leased to T-Mobile, Radio Shack and National Vision, Inc.  NOI $191K/yr. $2.183M. 8.75% cap.
2. MOB in Naples, FL: 15,534 SF Class A two-story medical office building constructed in 2001 on 1.27 ac lot anchored by Naples Women’s Center in fast growing and high income area. Next to 261-bed Naples Community Hospital. 93% leased. NOI $373K/yr. $4.975M. 7.50% cap.
3. Carl’s Jr. in Queen Creek, AZ: 3000 SF  newly constructed fast food restaurant on 1 ac outparcel to Walmart Supercenter  in  growing (692.14% growth since 2000) & in upper middle class area in Phoenix suburbs. 20 yrs NNN lease with 19+ yrs left to a strong franchisee with 144 units. NOI $199K/yr. $2.962M. 6.75% cap.
4. Neighborhood Center in Homewood, IL: 70,086 SF well maintained shopping center on 5.67 ac lot at a hard corner location in affluent (AHI $92K/yr) Chicago metro. Anchored by a 12,500 SF ACE Hardware, Panera Bread, and Bank of America.  Shadow anchored by Walgreens. 82% NNN leased. NOI $466K/yr. $5.8M. 8.04% cap. Upside potential when fully leased.
5. Walgreen’s in Mount Prospect, IL: 15,120 SF drug store built in 1999 on 2+ ac lot a hard corner location in affluent (AHI $112K/yr) Chicago suburbs. Near Rand Hurst Shopping Mall. 20 yrs NNN- lease with 6 yrs left. NOI $288K/yr. $3.84M. 7.50% cap.
6. Burger King in San Diego, CA: 3581 SF Burge King on .54 ac lot along main retail corridor and in upper middle class area. Close to 520,818 SF Genesee Plaza, anchored by Home Depot, Target, Marshalls, Albertsons and more. 100% NNN lease with 19 yrs left. NOI $114K/yr with 8% rent bumps every 5 yrs. $2.23M. 5.11% cap.
7. Retail Center in Tulsa, OK: 11,000 SF newly constructed retail center in fast growing (47.95%) and affluent (AHI $130K/yr in 1 mile) area. 100% leased to Sprint, Papa Jones Pizza and Chiropractor office. NOI $204K/yr. $2.7M. 7.56% cap.
8. Shopping Center in Clovis, CA: 48,770 SF shopping center remodeled in 2002 on 5.75 acres of land at a major retail corridor in high income Fresno suburbs (AHI $88K/yr in 1 mile). Anchored by CVS Pharmacy and shadow-anchored by Save Mart Supermarket. Close to Sierra Vista Mall. 98% NNN leased with just 1 small vacant unit. NOI $656K/yr. $9.25M. 7.10% cap.
9. Office Building in Fresno, CA: 40,221 SF well kept office building on 3 ac lot along major retail corridor. 93% leased to strong national & local tenants. NOI $338K/yr. $4.45M. 7.61% cap.

© Transmercial 2013