07-01: MOB, Dairy Queen, Taco Bell, Applebee's, Mixed-use

1. MOB in Altamonte Springs, FL: 5600 SF well maintained medical office building near Florida Hospital-Altamonte and Altamonte Mall in Orlando suburbs. 5-yrs lease to The Ear, Nose, Throat & Plastic Surgery Associates, a regional tenant with 4 locations. NOI $112K/yr with 3% annual rent increases. $1.445M. 7.78% cap.
2. Dairy Queen in West Valley City, UT: 2626 SF fast food restaurant built in 2003 on .43 ac lot in growing Salt Lake City suburbs. Close to 1M SF of brand new retail development. New 20-yrs absolute NNN lease. NOI $66K/yr. $943K. 7% cap.
3. MOB in Peachtree Corners, GA: 12,543 SF Class-B medical office building on over 1 ac lot along busy corridor in high income Atlanta suburbs with an AHI of $105K/yr in 3 mile radius. 100% leased to multiple tenants. NOI $159K/yr. $1.999M. 8% cap.
4. Taco Bell in Abilene, TX: 2383 SF drive-thru Taco Bell on .48 ac lot in growing middle-class area. Across from HEB grocery and near McMurry University. Tenant has been at this location for appx 20 yrs. 100% absolute NNN lease with 3-yrs left. NOI $79K/yr with a 10% rent bump in 2015. $1.05M. 7.54% cap.
5. Applebee’s in Wake Forest, NC: 5528 SF Applebee’s franchised restaurant remodeled in 2011. Next to/visible from Hwy-1 in high income Raleigh suburbs. Adjacent to Capital Plaza with Target, Home Depot and Petsmart.  Across from Lowe’s. 20-yrs absolute NNN lease with 7+-yrs left to strong operator with 131 units. NOI $243K/yr. $3.24M. 7.50% cap.
6. Retail Center in Texarkana, TX: 8550 SF attractive retail center on .54 ac lot with good access and excellent visibility to I-30. Adjacent to Power Center with Target and Home Depot. Across from Lowe’s & Walmart Supercenter and near Central Mall. 100% NNN leased. NOI $124K/yr. $1.509M. 8.25% cap.
7. MOB in Las Vegas, NV: 41,849 SF beautiful medical office building on 2.58 ac lot across from Valley Hospital Medical Center and near University Medical Center. Close to Las Vegas Premium Outlets and I-15. 94% leased with only 1 vacancy. Actual NOI $600K/yr. $8.4M. 7.15% cap.
8. Retail Center in Hemet, CA: 18,746 SF attractive retail center on over 1 ac lot in growing Riverside County. NOI $152K/yr. $1.8M. 8.46% cap.
9. Retail Center in Carrollton, TX: 14,950 SF attractive retail center built in 2005 on 1.80 ac outparcel to Walmart in affluent Dallas suburbs (AHI $104K/yr in 1 mile). Visible from Hwy-190 and close to I-35E. 87% NNN leased with 1 vacant unit. Current NOI $247K/yr. $3.3M. 7.5% cap. Upside when fully leased.
10. Mixed-use in San Antonio, TX: 8482 SF and 4000 SF retail/office buildings on .95 ac lot in a fast growing area. Close to Ingram Park Mall and I-410. 100% leased with strong tenant mix. NOI $133K/yr. $1.568M. 8.50% cap.

            (c) Transmercial 2014