05-29: Carl's Jr., MOB, Shopping Centers, Retail Buildings

1. Retail Center in Colorado Springs, CO: 11,814 SF attractive retail center built in 2007 outparcel to Super Target. Across from Lowe’s and near Memorial Hospital. Great demographics: 374% pop growth since 2000 and affluent area with an AHI of $152K/yr in 1 mile. 100% NNN leased. NOI $232K/yr. $3.317M. 7% cap.
2. Retail Center in Ontario, CA: 15,950 SF retail center completed in 2003 in middle-class area in San Bernardino County. Close to Hwy-60. 100% leased to eight tenants. NOI $216K/yr. $3.5M. 6.19% cap.
3. Carl’s Jr. in Folsom, CA: 3078 SF drive-thru fast food restaurant outparcel to Target in growing and high income Sacramento suburbs. At a major retail artery and adjacent to Lowe’s, Raley’s, Walmart, Kohl’s and more. New 10-yrs NNN lease to experienced operator with 6 units. NOI $88K/yr with 10% rent increases every 5-yrs. $1.6M. 5.5% cap.
4. Shopping Center in Dacula, GA: 24,140 SF shopping center built in 2011 on 6.39 ac lot shadow-anchored by a new 92,000+ SF Kroger grocery in growing and upper middle-class Atlanta metro. National Tenants include: AT&T, Massage Envy, H&R Block, GNC, The Joint, Supercuts & Menchie' s Frozen Yogurt. 91% leased. Actual NOI $491K/yr. $6.55M. 7.50% cap.
5. Retail Center in Riverside, CA: 15,700 SF well maintained retail center on 1.71 ac lot at a signalized location. Close to Univ. of CA in Riverside and I-215. Actual NOI $187K/yr. $2.5M. 7.50% cap.
6. Retail Building in Oakland, CA: 10,096 SF 2-story retail/office center built in 2010 at a hard corner location. With easy access to I-880. 100% NNN leased. NOI $123K/yr. $1.3M. 9.50% cap.
7. MOB in Plano, TX: 9566 SF Class-B multi-tenant medical office building on .81 ac lot in Dallas suburbs. Adjacent to Medical Center of Plano. 77% leased. Current NOI $119K/yr. $1.75M. 6.81% cap. Upside potential when fully released.
8. Shopping Center in Las Vegas, NV: 73,455 SF shopping center built in 2001 on 6.42 ac lot along main corridor in upper middle class area. 75% NNN leased to  Denny' s, Opportunity Village, Money Tree Inc. and Regis Corporation. Actual NOI $620K/yr. $8.85M. 7.02% cap.
9. Retail Center in Sewell, NJ: 17,500 SF L-shaped retail center built in 2008 at a corner location in affluent Philadelphia MSA with an AHI of $116K/yr in 1 mile. Close to Power Center with Walmart, Ross Dress For Less and Marshalls. NNN leased. NOI $147K/yr. $1.8M. 8.20% cap.
10. Shopping Center in Irving, TX: 22,200 SF well maintained shopping center on over 2 ac lot in growing Fort Worth/Dallas suburbs. 84% NNN leased with only one vacant unit. NOI $162K/yr. $2.2M. 7.38% cap.

            (c) Transmercial 2014