06-25: Merryhill School, Sizzler, DaVita, Zio's Italian Restaurant, Apartments, Just Brakes, Family Dollar

1. Apartments in Berkeley, CA: 5-units recently upgraded multifamily building in upper middle class area East of San Francisco bay area. 100% occupied. NOI $71K/yr. $950K. 7.50% cap.
2. Merryhill School in Highlands Ranch, CO: 6784 SF day care facility built in 1998 on .91 ac lot in affluent Denver metro with an AHI of $118K/yr in 3 miles. 100% NNN- lease with 9 yr-s left to the 5^th largest for-profit early education provider. NOI $147K/yr. $1.95M. 7.57% cap.
3. Retail Building in Toledo, OH: 10,000 SF well maintained retail building on 1 ac lot. Close to I-475/90. 100% leased to six tenants. NOI $107K/yr. $1.195M. 9% cap.
4. Just Brakes & Family Dollar in Sanford, FL: 12,380 SF strip center and 4000 SF Just Brakes constructed in 2008 on over 3 ac lot in very high income Orlando suburbs. Along Hwy-17/92. 80%NNN- leased. NOI $215K/yr. $2.835M. 7.59% cap.
5. Retail Center in Riverside, CA: 13,044 SF attractive retail center on 1.33 ac lot next to Maxi Foods Market. Close to Riverside Community Hospital. 86% leased. NOI $150K/yr. $2.6M. 5.80% cap. Upside potential when fully leased.
6. Sizzler in Yuba City, CA: 6254 SF Sizzler Restaurant built in 2012 on over 1 ac lot in growing city North of Sacramento. 10-yrs absolute NNN lease to experienced franchisee with 23 units. NOI $120K/yr. NOI $120K/yr with 7% rent increases every 5-yrs. $2M. 6% cap.
7. Mixed-Use Center in Tulsa, OK: 20,300 SF 10-units retail/office building on 1.45 ac lot at a major retail artery. Close to I-44 and Hwy-51/64. 77% leased. Actual NOI $175K/yr. $1.75M. 10% cap.
8. Shopping Center in Powell, OH: 49,810 SF shopping center completed in 2001 on 7.78 ac lot anchored by 25,852 SF Discount Drug Mart (regional tenant with 71 stores) in affluent (AHI $133K/yr in 3 mile radius) Columbus suburbs. At a main retail corridor and close to Columbus Zoo and Aquarium. 89% leased. Actual NOI $582K/yr. $6.328M. 9.20% cap. Upside potential.
9. DaVita in Hemet, CA: 4353 SF Class-B dialysis center at a corner location in Riverside County. Close to Hemet Valley Medical Center. NOI $94K/yr. $1.225M. 7.70% cap.
10. Zio’s Italian Kitchen in Houston, TX: 7863 SF Italian Restaurant built in 2001 on 4.57 ac lot next/visible to I-45. Close to new 3M SF Exxon facility. 100% NNN leased with 2-yrs left. NOI $231K/yr. $2.963M. 7.80% cap.

            (c) Transmercial 2014