08-16: Tim Hortons, Apartments, REO center, Office Building, Bono's Pit Bar-B-Q

1. REO’ed Retail Center in Las Vegas, NV: 5833 SF bank-owned retail center constructed in 2005 on .74 ac lot in high income (AHI $98K/yr in 3 miles) area. Adjacent to Centennial Crossroads Plaza, anchored by Target and VONS. Near Centennial Hills Hospital and Hwy-95. 71% NNN leased.  NOI $126K/yr. $1.4M. 9.05% cap.
2. Tim Hortons in Troy, MI: 2500 SF newly constructed Canadian fast food casual restaurant (NYSE: THI) on .78 ac lot in Detroit suburbs. Close to Oakland Mall and I-75. 10 yrs absolute NNN ground lease (land is for sale) with 9+ yrs left. NOI $48K/yr with a 10% rent bump in year 6. $768K. 6.25% cap.
3. Office Building in Woodbury, MN: 15,542 SF Class-B office building completed in 1993 on 1.67 ac lot in growing and affluent Minneapolis suburbs with an AHI of $120K/yr in 1 mile.  100% leased to mostly dental professionals. NOI $160K/yr. 8% cap.
4. Apartments in Sacramento, CA: 88-unit multifamily complex on nearly 3 ac lot. Close to schools, shopping centers, public transportation and I-80. 90% occupied. NOI $328K/yr. $4.7M. 6.98% cap.
5. Bono’s Pit Bar-B-Q in Saint Johns, FL: 4424 SF well established Southern BBQ restaurant built in 2005 on 1 ac lot at a major corridor in high income (AHI $112K/yr in 3 mile) Jacksonville suburbs. This is a sale & leaseback investment, so lease terms are negotiable. 100% NNN leased to a regional restaurant chain with 21 locations. NOI $173K/yr. $2.1M. 8.25% cap.
6. Office Building in Pewaukee, WI: 9400 SF Class-A office building constructed in 2006 on 1+ ac lot in high income (AHI $92K/yr) Milwaukee suburbs. Along main road and close to Hwy-16. 100% NNN leased. NOI $160K/yr. $1.749M. 9.16% cap.

© Transmercial 2013

08-15: USA Auto, Garden Ridge, Family Dollar, Shopping Centers

1. USA Auto in Las Vegas, NV: 2990 SF USA Auto Service center built in 2003 at main retail corridor and close to Hwy-215. New 10 yrs NNN lease to strong operator with six units. NOI $53K/yr with 3% annual rent increases. $740K. 7.27% cap.
2. Strip Center in Las Vegas, NV: 5,099 SF strip center at a hard corner location in fast growing area. Close to I-515. 100% NNN leased. NOI $66K/yr. Only $799K. 8.29% cap.
3. MOB in Tempe, AZ: 22,845 SF Class-B medical office building on 2.74 ac lot in fast growing Phoenix suburbs. Close to Hwy-101. 92% leased with dental and eleven medical practices. NOI $328K/yr. $4.1M. 8% cap. 
4. Strip Center in Folsom, CA: 4637 SF attractive strip center at a major retail corridor in growing (11.73%) & high income (AHI $103K/yr in 3 mile radius) Sacramento suburbs. 100% NNN leased California Check Cashing, Silky Nails, Tangled Hair Salon and a Clothing Boutique. NOI$73K/yr. $1.2M. 6.10% cap.
5. Retail Building in Lake Worth, TX: 3952 SF retail building completed in 2007 on .53 ac lot in Fort Worth suburbs. Across from Power Center anchored by Target, Ross Dress For Less, Hobby Lobby and Walmart. Close to I-820. 100% NNN leased to Popeye’s and T-Mobile. NOI $159K/yr. $2.285M. 7% cap.
6. Garden Ridge in Hilliard, OH: 128,875 SF crafting and home decorating retail center on 10+ ac lot in high income (AHI $94K/yr) Columbus metro. Tenant has been at this location since 1998. Next to I-270. 22 yrs absolute NNN lease with 7+ yrs left. NOI $612K/yr with rental increases. $7.652M. 8% cap.
7. Retail Building in Huntersville, NC: 6817 SF attractive retail building constructed in 1999 on 3+ ac lot in growing (113.66% pop growth since 2000) and high income (AHI $97K/yr in 3 miles) Charlotte suburbs. Across from North Cross Shopping Center, an open-air center anchored by Harris Teeter, Kohl’s, Staples, HomeGoods, Rack Room Shoes and Target. Close to I-77. 100% leased to two tenants. NOI $150K/yr. $1.75M. 8.60% cap.
8. Family Dollar in Saint Petersburg, FL: 9900 SF Family Dollar built in 2008 on .76 ac lot in densely residential area. 10 yrs NNN- corp lease with 5 yrs left. NOI $150K/yr. $1.622M. 9.25% cap.
9. REO’ed Office Building in Miami, FL: 29,052 SF well-maintained bank-owned office building on over 1 ac lot in densely populated and upper middle-class area. NOI $208K/yr. $2.6M. 8% cap.
10. Shopping Center in Troy, MI: 30,090 SF mature shopping center on 4+ ac lot at a signalized corner. In affluent Detroit suburbs with an AHI of $119K/yr in 1 mile. 72% leased. NOI $271K/yr. $2.26M. 12% actual cap.

© Transmercial 2013

08-14: Jack in the Box, DaVita, Tutor Time, Hooters, Office Depot

1. Office Building in Grapevine, TX: 21,230 SF attractive office building completed in 2008 on 2+ ac lot in high income (AHI $107K/yr in 1 mile) Dallas/Fort Worth suburbs. 83% leased to three long term tenants. NOI $272K/yr. $3.03M. 9% cap. Upside potential when fully leased.
2. Jack in the Box in Rock Hill, SC: 2814 SF fast food restaurant built in 2000 on 1.27 ac outparcel to Food Lion grocery store at a signalized corner location. 18 yrs absolute NNN corp lease with 5 yrs left. NOI $135K/yr. $1.665M. 8.15% Cap.
3. DaVita in Dayton, OH: 7600 SF recently renovated dialysis center on .72 ac lot at main retail corridor. 15 yrs NNN- corp lease. NOI $92K/yr with 10% rent increases every 5 yrs. $1.367M. 6.75% cap.
4. Taco Bell in Roswell, GA: 2546 SF Taco Bell at a major corridor in fast growing Atlanta suburbs. Tenant has been at this location since 2006. 15 yrs absolute NNN corp recently extended ground lease (land is for sale). NOI $59K/yr. $975K. 6.14% cap.
5. Retail Center in Tucson, AZ: 37,540 SF well kept shopping center on 4+ acres lot in middle class area.  Close to I-10. 100% NNN leased to 2 national tenants: Michael’s, and Ace Hardware.  NOI $354K/yr with rent bumps.  $5.065M. 7.40% cap.
6. Shopping Center in Gastonia, NC: 62,230 SF attractive shopping center anchored by BI-LO grocery and Family Dollar in fast growing Charlotte suburbs. 100% leased. NOI $644K/yr. $5.78M. 8.50% cap.
7. Office Depot in Houston, TX: 20,898 SF Office Depot built in 2008 on 1.80 ac lot just off I-610. High income area. 15 yrs NNN- corp lease with 10+ yrs left. NOI $350K/yr. $4.123M. 8.50% cap.
8. Office Building in Mesquite, TX: 13,462 SF Class-B office building completed in 2004 on .72 ac outparcel to Town East Mall in fast growing Dallas suburbs. Next to I-635. 94% NNN leased to multiple tenants. NOI $227K/yr. $2.75M. 8.25% cap.
9. Tutor Time in Charlotte, NC: 10,160 SF day care center built in 2001 on 2.63 ac lot in upper middle class (AHI $74K/yr in 3 mile radius) area. 100% NNN lease with 8+ yrs left. NOI $281K/yr with 2.5% annual rent increases. $2.65M. 8.25% cap.
10. Hooters in Tacoma, WA: 8250 SF well maintained Hooters restaurant on .98 ac lot in Seattle suburbs. Off/on ramp of I-5. Close to Tacoma Mall. New 10 yrs absolute NNN lease to 3^rd largest franchisee. NOI $185K/yr with 2% annual rent increases. $2.65M. 7% cap.

© Transmercial 2013

08-13: Hometown Buffet, Johnny Carino's, Texas Roadhouse, Staples, Retail Buildings

1. Retail Center in Crestwood, IL: 15,812 SF retail center built in 2008 on 2+ ac lot at a signalized intersection in densely populated Chicago suburbs. Across from Power Center anchored by AMC Theater, Target, Burlington, Kohl’s, Menards and Walmart. Close to I-294. 100% NNN leased to AT&T, FedEx Office and Ingalls Care Center, a regional healthcare provider with 8 locations. NOI $349K/yr. $4.624M. 7.56% cap.
2. Hometown Buffet in Bakersfield, CA: 10,800 SF Hometown Buffet restaurant built in 1994 on .59 ac outparcel to Foods Co grocery market. At a main retail corridor and close to Hwy-99.  25 yrs absolute NNN lease with 6+ yrs left. NOI $203K/yr. $2.744M. 7.42% cap.
3. Retail Building in Kenosha, WI: 3138 SF retail building completed in 2004 on .44 ac lot across from Sears & Piggly Wiggly center. Near Southport Plaza, a 573,431 SF center anchored by Lowe’s and Kohl’s. 100% NNN leased to Starbucks and EZMoney, a payday loan operator with 380 locations. NOI $99K/yr. $1.32M. 7.50% cap.
4. Johnny Carino’s in Lake Charles, LA: 6532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Next to Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7+ yrs left. NOI $173K/yr with 1% annual rent increases. $2.105M. 8.25% cap.
5. Texas Roadhouse in Augusta, GA: 7500 SF newly constructed steak restaurant on 1.87 ac lot in fast growing area. Across from 350-bed Doctors Hospital of Augusta.  New 15 yrs NNN corp ground lease (land is for sale).  NOI $110K/yr. $2M. 5.5% cap.
6. MOB in Cincinnati, OH: 11,653 SF Class-B medical office building on nearly 3 ac lot along busy thoroughfare. With easy access to I-275.  100% NNN lease with 7 yrs left to MEDLAB. NOI $188K/yr. $2.15M. 8.77% cap.
7. Retail Center in Wilmington, NC: 13,662 SF retail building on 1+ ac corner location in fast growing coastal city. Across from Target, Marshalls, Office Max, PetSmart and Party City center. 100% leased to three tenants. NOI $197K/yr. $2.35M. 8.42% cap.
8. Staples in Woodbury, MN: 20,052 SF attractive retail building on 2+ ac lot in affluent ($121K/yr in 3 miles) Minneapolis suburbs. Close to I-94. 10 yrs NNN lease with 5 yrs left. NOI $328K/yr. $4.5M. 7.30% cap.
9. Restaurant in San Jose, CA: 4679 SF free standing attractive former Carl’s Jr restaurant on .74 ac lot on First Street. High income area with an AHI of $157K/yr in Silicon Valley. Close to San Jose International Airport, Hwy-101 and I-880. $2.085M.
10. Retail Center in Prospect Park, PA: 12,080 well maintained retail center built in 2009 on .57 ac corner lot in Philadelphia suburbs. 100% leased to Wawa (S&P BBB), a regional tenant with locations in 6 states and Sherwin Williams (S&P A). NOI $132K/yr. $1.75M. 7.58% cap.

© Transmercial 2013

08-12: Shopping centers, Multi-family, KFC, Arbys, Walgreens, Platnet Fitness, Office Building

1. Shopping Center in Yucca Valley, CA: 22,890 SF shopping center built in 2008 on 4.12 ac lot.  Anchored by 12,000 SF Dollar Tree.  Shadow anchored by Stater Bros Grocery, and JCPenny. 94% NNN leased to 8 tenants.  NOI $361K/yr.  $5M. 7.23% cap. 
2. Multi-family in Antioch, CA: 10-unit 2BR/1BA apartment on .36 ac lot in a middle-class city in Northern CA.  100% occupied.  NOI $70K/yr. $1.35M. 5.2% cap. 
3. KFC restaurant in Memphis, TN: 2787 SF restaurant built in 1988 on .55 ac outparcel to a shopping center anchored by AutoZone, Save-A-Lot, Family Dollar, and Walgreens.  New 15 yrs NNN KFC corp ground lease (land is for sale, tenant owns the building).  NOI $52K/yr with 5% rent bumps every 5 yrs. Tenant has been at this location for 25 yrs.  $954K.  5.5% cap.
4. Arbys in Edison, NJ: 2200 SF restaurant on 2/3 ac lot in high income New York metro. $400K renovation done in 2008 by tenant.  100% NNN lease with 15 yrs left.  NOI $108K/yr with 3% annual rent bumps.  $1.663M. 6.5% cap. 
5. Walgreens in Willie, TX: 15,120 SF Walgreens built in 2003 on 1.86 ac lot at a high traffic intersection in high income high growth Dallas suburbs.  20 yrs NNN- with 9.5 yrs left.  NOI $391K/yr. $6.016M. 6.5% cap. 
6. Strip Mall in Erie, PA: 4800 SF 6-yrs old strip center on .72 ac outparcel to a power center with Target, Best Buy, Sams Club, Walmart, Kohls, Home Depot, Lowes, and more.  100% NNN leased to T-Mobile and the Exchange, a regional tenant with 20 locations in 4 states.  NOI $142K/yr.  $1.68M. 8.47% cap. 
7. Apartments in Albuquerque, NM: 24 townhome styled 2BR 1.5BA spacious units built in 1985 near the VA Medical Center and Gibson Medical Center.  Proforma NOI $107K/yr. $1.235M. 8.7% cap.
8. Planet Fitness I Chicago, IL: 20,000 SF fitness center completed in 2012 on 1.72 ac outparcel to Lowes.  Across from Walmart.  15 yrs NNN lease with 14.5 yrs left to a franchisee with 5 locations.  NOI $350K/yr with 2% annual rent bumps.  $4.7M. 7.45% cap. 
9. Shopping Center in Corona, CA: 23,643 SF shopping center built in 1990 on a corner lot.  100% NNN- to 13 tenants.  NOI $371K/yr. $3.995M. 9.3% cap.
10. Office Building in Liberty, MO: 26,160 SF office building on over 5 ac lot in Kansas city suburbs.  100% NNN leased to Bank of America and Rosen’s Inc., a credit tenant, both with long term leases.  NOI $307K/yr. $4.092M. 7.5% cap.

© Transmercial 2013