05-13: Dollar Tree, Office Building, Starbucks Coffee, Taco Bell

1. Strip Center in Mansfield, TX: 5165 SF attractive strip center built in 2007 outparcel to Tom Thumb grocery in growing and high income Fort Worth/Dallas suburbs. Near Hwy-287. 100% NNN leased to Subway, Dental Care and Creek Café. NOI $90K/yr. $1.25M. 7.26% cap.
2. Dollar Tree in Concord, NC: 10,752 SF Dollar Tee built in 1997 on 2.76 ac lot along major retail corridor in Charlotte suburbs. Close to 551,000 SF Carolinas Mall and 457-bed Carolinas Medical Center. New 5-yrs NNN- corp lease. NOI $107K/yr. $1.387M. 7.75% cap.
3. Office Building in Schaumburg, IL: 25,484 SF Class-B multi tenant office building in high income Chicago suburbs. Close to Woodfield Mall and Motorola Headquarters. Off of Hwy-53 and near I-90. NOI $190K/yr. $1.995M. 9.53% cap.
4. Shopping Center in Spring, TX: 31,640 SF well maintained shopping center on nearly 4 ac lot in growing and high income Houston suburbs. Visible and on an off ramp of I-45. 100% NNN leased. NOI $412K/yr. $4.85M. 8.50% cap.
5. Retail Center in Lawton, OK: 18,900 SF attractive retail center on over 4 ac lot in a growing area. 88% NNN leased to coffee shop/bakery, Professional Contracting Services, Inc, American Cancer Society, Breland Physical Therapy, TFI Family Counseling, Encompass Home Healthcare, and Dr. Hanna, DDS. Actual NOI $138K/yr. $1.6K. 8.65% actual cap.
6. Starbucks Coffee in McAllen, TX: 2045 SF brand new drive-thru Starbucks Coffee on .62 ac lot along US Hwy-83. Part of 83 Citrus Grove Plaza, a 30-ac Master Planned Business Community. New 10-yrs NNN lease. NOI $88K/yr with a 10% rent bump in yr 6^th. $1.657M. 5.35% cap.
7. Taco Bell in Pasadena, FL: 2500 SF brand new franchised Taco Bell to be completed in 2014 on .59 ac lot West of St Petersburg. New 20-yrs absolute NNN lease to strong franchisee with 20+ units. 10% rent bumps every 5-yrs. 6.10% cap. NOI/Price N/A.

            (c) Transmercial 2014