06-18: EZ Pawn, CVS Pharmacy, Bassett Furniture, Shopping Centers

• AHI: Avg. Household Income.  National average is about $55+K/yr.
• NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
• NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
• NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Retail Center in Meridian, ID: 6450 SF attractive retail center built in 2008 on .66 ac lot in high income Boise suburbs with an AHI of $107K/yr in 1 mile. Close to Roaring Springs Water Park and I-84. 100% leased to 3-tenants. NOI $71K/yr. $950K. 7.50% cap.
2. Strip Center in Woodbridge, VA: 7391 SF well maintained strip center along main corridor in Washington suburbs. Near Sentara Northern Virginia Medical, Potomac Mills Mall and I-95. 100% leased. NOI $120K/yr. $1.7M. 7.06% cap.
3. EZ Pawn in Chicago, IL: 5600 SF brand new retail building on .44 ac lot in densely populated area with over 700,000 residents in 5 mile radius. 10-yrs NNN- corp lease. NOI $140K/yr with 10% rent bumps every 5-yrs. $1.866M. 7.50% cap.
4. Retail Center in Sarasota, FL: 10,164 SF well kept retail center along major retail artery. Adjacent to Publix grocery center. 100% NNN leased with good/stable tenants mix. $1.995M. NOI/Cap N/A.
5. Neighborhood Center in Roswell, GA: 74,790 SF neighborhood center completed in 2004 at a hard corner location in growing Atlanta suburbs. Across from Power Center with Hobby Lobby, Big Lots, Dollar Tree and more. National tenants include: Auto Zone, Leslie’s Pool Supply and CiCi’s Pizza. NOI $912K/yr. $11.4M. 8% cap.
6. Strip Center in Puyallup, WA: 14,071 SF attractive new retail center in fast growing Tacoma/Seattle suburbs. 85% leased with 2,000 SF vacant unit. NOI $225K/yr. $3M. 7.50% cap.
7. Retail Center in Phoenix, AZ: 24,660 SF attractive retail center on over 2 ac lot with good tenant mix. 71% leased. Actual NOI $149K/yr. $1.972M. 7.60% actual cap. Upside potential when fully leased. Just $80/SF!
8. Shopping Center in Las Vegas, NV: 45,769 SF shopping center built in 19996 on nearly 4 ac lot at a major thoroughfare. Close to the STRIP and adjacent to I-15. 95% leased with two major ground leases (land for sale) McDonalds and Landry’s Seafood Restaurant. Pro forma NOI $820K/yr. $11M. 7.50% cap.
9. CVS in Baltimore, MD: 9216 SF CVS Pharmacy on .85 ac corner lot. On an off/on ramp of I-695. 100% NNN- lease with 3 yrs left. Store with $5.27M in annual sales revenue. NOI $190K/yr. $2.236M. 8.50% cap.
10. Bassett Home Furniture in Ontario, CA: 16,000 SF attractive retail building completed in 2007 on over 1 ac lot in San Bernardino County. Across from Ontario Mills Mall and near I-10/15. 100% NNN long lease. NOI $567K/yr. $7M. 8.10% cap.

            (c) Transmercial 2014