06-23: Long John Silver's & A&W; La Petite Academy, Retail Center

1. Shopping Center in Yuba City, CA: 123,283 SF well kept shopping center on 6.76 ac lot anchored by Dollar Tree and Reibe’s Auto Parts in growing area North of Sacramento. 100% leased. NOI $683K/yr. $8.95M. 7.69% cap.
2. Strip Center in Hayward, CA: 7963 SF attractive strip center built in 2007 on nearly 1 ac lot in San Francisco Bay Area. Across from Fwy-92. 100% leased to eight tenants. NOI $160K/yr. $2.35M. 6.85% cap.
3. Strip Center in Morrow, GA: 13,875 SF well maintained strip center on over 2 ac corner lot in Atlanta metro anchored by CVS. Close to I-75. 100% NNN leased. NOI $227K/yr. $2.98M. 7.63% cap.
4. Retail Center in Whittier, CA: 9000 SF seven-units mature retail center in densely-populated and upper middle class Los Angeles area. Across from 99¢ Only Store and Goodwill. Only 2 vacancies. Pro forma NOI $83K/yr. $1.245M. 6.70% pro forma cap.
5. Retail Center in Kennewick, WA: 9600 SF retail center built in 2006 on 1.29 ac lot in growing and high income area. Tenants include: Hot Wingz, Factory Direct, Batteries Plus, Beauty Nail, Fellas Hair, Tuxedo Gallery, & Tri-City Vapors. Close to Columbia Center Mall. 100% NNN leased. NOI $155K/yr. $2.1M. 7.20% cap.
6. Long John Silver’s & A&W in Brownsville, TX: 2847 SF dual branded fast food restaurant built in 2003 on .69 ac lot conveniently located at main entrance to 740,000 SF Sunrise Mall with Bealls, Dillard’s, Sears and JCPenney. New 10-yrs absolute NNN lease to strong franchisee with 44 units. NOI $67K/yr with 10% rent bumps every 5-yrs. $1.131M. 6% cap.
7. Shopping Center in Waukegan, IL: 50,428 SF attractive shopping center completed in 2008 on 6.24 ac lot in Chicago suburbs. Across from newly constructed Super Walmart. 100% leased. NOI $1.062M/yr. $13.275M. 8% cap.
8. Strip Center in Waukegan, IL: 12,430 SF strip center in Chicago suburbs. Across from shopping center with Jewel-Osco and Target. 89% NNN leased. NOI $185K/yr. $2.322M. 8% cap.
9. Retail Center in Las Vegas, NV: 10,400 SF attractive strip center built in 2004 on 1.56 ac lot along major retail corridor. Shadow anchored by Food 4 Less. Tenants include: Advance America, Passion Nails, Adriana' s Tax Service, Dollar A, Access Auto Insurance Agency of Nevada, Great Clips for Hair, China Wok restaurant, North View Dental, and a Verizon cell tower. 100% leased. NOI $248K/yr. $2.9M. 8.58% cap.
10. La Petite Academy in North Las Vegas, NV: 10,000 SF day care center built in 2007 in area with strong demographics. 15 yr NNN lease with 8+ yrs left to a national childcare provider with over 500 locations. NOI $221K/yr. $2.95M. 7.50% cap.

            (c) Transmercial 2014