11-14: Hooters, Tires Plus, Jack in the Box, Lone Star Steakhouse, Round Table Pizza, Macadam's Bar and Grill

1. Neighborhood Center in Moreno Valley, CA: 36,175 SF well maintained retail building on 3+ ac lot at a major retail corridor in Riverside County. On an off/on ramp of Hwy-60. 100% NNN leased to Dollar Tree and dd’s Discounts (owned by Ross). NOI $249K/yr. $4.25M. 5.88% cap.
2. Hooters in Kansas City, MO: 4096 SF Hooters Restaurant built in 2000 at dominant retail artery & in high income area. A cross from Shops at Boardwalk and St Luke’s Northland Hospital. Close to I-29 and Hwy-152. New 20 yrs absolute NNN corp lease. This is a sale and leaseback investment. NOI $140K/yr with 8.5% rent bumps every 5 yrs. $1.931M. 7.25% cap.
3. Tires Plus in Jacksonville, FL: 5,216 SF well maintained auto center built in 1998 on .66 ac lot at a high traffic location. Near Regency Square Mall and I-295. Tenant has been at this location since 1998. 100% NNN lease with 5 yrs left. NOI $139K/yr. $1.553M. 9% cap.
4. Jack in the Box in Irving, TX: 2952 SF drive-thru fast food restaurant on .74 ac corner lot on an off ramp of Hwy-12. Excellent visibility from Highway. Restaurant open 24 hours 7 days as week. 18 yrs absolute NNN corp lease with 9 yrs left. NOI $94K/yr with an 8% rent bump in 2014. $1.65M. 5.70% cap.
5. Lone Star Steakhouse in Rockford, IL: 6397 SF Lone Star steakhouse on .92 ac lot in middle class area near Walmart Supercenter, Sam's Club, Lowe's & Home Depot.  15 yrs absolute NNN lease with 12 yrs left.  NOI $208K/yr with 1.5% annual rent bumps.  $2.189M. 9.5% cap.
6. Retail Center in Carrollton, TX: 33,980 SF well maintained retail center on 2+ ac lot anchored by 7-Eleven in fast growing Dallas suburbs. 69% leased. NOI $145K/yr. $1.824M. 8% cap. Upside potential when fully leased.
7. Retail Center in Carrollton, TX: 14,485 SF retail center on over 1 ac lot along main retail corridor in growing and high income (AHI $96K/yr) Dallas suburbs. All units face main corridor. 100% leased. NOI $158K/yr. $1.98M. 8% cap.
8. Macadam’s Bar and Grill in Portland, OR: 7100 SF well maintained restaurant on .80 ac lot in a high income area with an AHI of $103K/yr within 1 mile. 10 yrs absolute NNN lease with 2 yrs left. NOI $150K/yr. $2.125M. 7.06% cap.
9. Round Table Pizza in Vancouver, WA: 5900 SF Round Table Pizza remodeled in 2008 on .84 ac corner lot. Across from 900,000 SF Westfield Vancouver Mall, anchored by Nordstrom, Macy’s and JCPenney. Near I-205. 100% NNN lease with 3 yrs left. NOI $110K/yr. $1.575M. 7.01% cap.
10. Shopping Center in Orlando, FL: 54,316 SF newly remodeled shopping center on 4+ ac lot anchored by 31,900 SF Winn-Dixie grocery. 100% NNN leased. NOI $525K/yr. $7M. 7.50% cap.

            (c) Transmercial 2013