03-14: Buffalo Wild Wings, Apartments, Retail Centers

1.       Retail Center in Lodi, CA: 7573 SF attractive inline retail center built in 2008 in San Joaquin Valley. Shadow anchored by S-MART Foods and Rite Aid. 100% NNN leased to six tenants. NOI $163K/yr. $2.285M. 7.16% cap.

2.       Apartments in San Diego, CA: 10-units well maintained apartment complex in densely populated and middle-class area. 100% occupied. Pro forma NOI $71K/yr. $1.049M. 6.80% cap.

3.       Buffalo Wild Wings in Lansing, IL: 8,000 SF Buffalo Wild Wings restaurant renovated in 2009 on nearly 1 ac lot in upper middle class & densely populated Chicago metro. New 10 yrs NNN lease. NOI $108K/yr with 7.5% rent increases every 5 yrs. $1.542M. 7% cap.

4.       Strip Center in Edison, NJ: 7200 SF strip center in high income New York metro with an AHI of $113K/yr in 3 miles. 100% leased. NOI $134K/yr. $1.9M. 7.06% cap.

5.       Retail Center in Lewisville, TX: 15,405 SF attractive retail center on 1.66 ac lot in growing Fort Worth/Dallas suburbs. Near I-35E. 94% NNN leased. NOI $182K/yr. $2.3M. 7.01% cap.

6.       Shopping Center in Fairview, TX: 18,636 SF eye-catching shopping center on 2.75 ac lot in high income (AHI $120K/yr) Dallas suburbs. Close to The Village Fairview, The Village at Allen, Allen Premium Outlets and Hwy-75. 100% NNN leased. NOI $281K/yr. $4M. 7.03% cap.

7.       Apartments in Tacoma, WA: 30-unit well kept multifamily complex on 1 ac lot close to schools, parks and shopping centers. 100% occupied. NOI $190K/yr. $2.235M. 8.50% cap.

            (c) Transmercial 2014