06-03: PetSmart, Dollar Tree, Carmax, Just Fitness, MOB

1. Office Building in Darien, IL: 8784 SF well maintained office building on .69 ac lot at a hard corner location. In high income Chicago suburbs. 80% leased to multiple tenants. Actual NOI $135K/yr. $1.6M. 8.47% cap. Upside potential when fully leased.
2. Strip Center in Dallas, TX: 8107 SF recently renovated strip center on .62 ac lot at a signalized corner location. 100% NNN leased to 7-Eleven and Seoul Garden, a Korean Restaurant. Close to I-35E. NOI $136K/yr. $1.949M. 7% cap.
3. PetSmart & Dollar Tree in Forsyth, IL: 20,000 SF PetSmart and 10,000 SF Dollar Tree completed in 2006 on a ac lot next to Best Buy in growing and high income (AHI $100K/yr) Decatur suburbs. Across from Hickory Point Mall, close to Hwy-51 and I-72. 100% corp leased. NOI $341K/yr. $4.55M. 7.50% cap.
4. Office Building in Boise, ID: 10,958 SF Class-A multi-tenant office building constructed in 2006 on .81 ac lot in growth and high income area. NNN leased to three tenants. NOI $151K/yr. $1.955M. 7.75% cap.
5. MOB in Lake Worth, FL: 8781 SF Class-B medical office building at a signalized interaction in Miami metro. Along main artery and close to I-95. NOI $112K/yr. $1.4M. 8% cap.
6. Retail Center in Peachtree City, GA: 18,472 SF retail center on 2.59 ac lot in an affluent city (AHI $104K/yr) in Atlanta suburbs. NNN leased. NOI $285K/yr. $3.363M. 8.50% cap.
7. MOB in La Puente, CA: 3188 SF Class-A single-tenant medical office building in densely populated Los Angeles County. 100% leased. NOI $39K/yr. $799K. 5% cap.
8. Office Building in Bolingbrook, IL: 24,500 SF well maintained office building on 1.37 ac lot in growing and high income Chicago suburbs. Along main thoroughfare and near I-55. NOI $242K/yr. $2.7M. 8.98% cap.
9. Carmax in Bradenton, FL: 4160 SF retail building constructed in 2007 on .77 ac outparcel to 247,000 SF Power Center with Lowe’s, Dick’s Sporting Goods and Best Buy in Tampa metro. Along major retail corridor and near 678,000 SF DeSoto Square Mall. 100% NNN lease with 5-yrs left to Carmax. NOI $147K/yr with 3% annual rent increases. $1.686M. 8.75% cap.
10. Just Fitness in Carrollton, TX: 17,373 SF state-of-the-art fitness center on 1 ac lot in a growing and affluent Dallas suburbs with an AHI of $101K/yr in 1 mile. Across from Kohl’s and adjacent to Kroger Grocery Center. 100% NN leased with 7-yrs left to a Just Fitness 4 U center with 7 locations in Dallas metro. NOI $165K/yr. $2.2M. 7.50% cap.

            (c) Transmercial 2014