12-20: Shopping centers, CVS, Fletcher's auto, MOB, Chase, Starbucks, Buffalo Wild Wing

1. Shopping center in Las Vegas, NV: 35,169 SF shopping center built in 1990 on 2.63 ac corner lot on the busy Sahara Avenue with strong demographics (AHI $92K/yr).  93% leased.  NOI $440K/yr. $5.9M. 7.8% cap.
2. CVS Pharmacy in Lawrenceville, GA: 10,318 SF 24-hr drugstore built in 1998 on 1.54 ac corner lot on the busy Duluth Hwy in Atlanta metro. Close to Gwinnett County Medical Center.  20 yrs NNN- corp lease with 5 yrs left.  Store with strong sale and high probability of lease renewal.  NOI $234K/yr. $3.78M. 6.2% cap.
3. Fletcher's Tire and Auto in Buckeye, AZ: 6118 SF auto service center built in 2007 on 3/4 ac lot near I-10 exit.  Adjacent to Sundance Towne Center with Wal-Mart, Lowe' s, OfficeMax and PetsMart. New 20 years absolute NNN corp lease at Close of escrow.  NOI $144K/yr with 8.5% rent bumps every 5 yrs. $2.102M. 6.85% cap. 
4. MOB in Annandale, VA: 8200 SF free-standing office/medical office building in wealthy Fairfax county (AHI $104K/yr) just outside of Washing DC. 96% leased to 5 tenants.  NOI $99K/yr. $1.65M. 6% cap. 
5. Shopping Center in Wheaton, IL: 25,152 SF on a corner lot in high income Chicago metro (AHI $97K/yr). 100% leased to 6 tenants.  NOI N/A. $3.2M.
6. Chase/Starbuck center in Avondale, AZ: 5563 SF strip center on .92 ac lot in middle class Phoenix.  100% NNN leased to Chase bank and Starbucks.  NOI $133K/yr. $1.75M. 7.63% cap.
7. Shopping Mall in Westminster, CO: 24,029 SF upscale shopping center completed in 2007 in high income Denver.  100% leased.  NOI $494K/yr. $6.18M. 8% cap.
8. Buffalo Wild Wings in Johnson City, TN: 6200 SF BWW restaurant in high growth (26% since 2000) high income (AHI $94K/yr).  10 yrs NNN lease with 9 yrs left.  NOI $142K/yr. $2.037M.  7% cap.

(c) Transmercial 2013