08-06: AutoZone, Family Dollar, Famous Sam's, Office Building, Shopping Centers

1. Retail Center in Henderson, NV: 21,700 SF consisting of four attractive retail centers built in 2008/2013 on 2 ac lot at a hard corner location in growing and high income area with an AHI of $90K/yr. 93% NNN leased. Actual NOI $375K/yr. $5.37M. 7% cap. Upside potential.
2. AutoZone in San Bernardino, CA: 10,500 SF AutoZone on .66 ac outparcel to Harbor Freight Tools and Mike & Judies Grocery Warehouse. Near Inland Center Mall with easy access to I-215.  100% NNN corp leased with low rent of $12/SF (this means high likelihood of lease renewal).  NOI $126K/yr. $2.027M. 6.25%cap.
3. Retail Building in San Jose, CA: 5000 SF retail building at a signalized intersection in a high income Silicon Valley. Close to The Plant Power Center. On an off/on ramp of I-87. NNN leased. Pro forma NOI $163K/yr. Expected 5.50% pro forma cap. Price: Best Offer.
4. Family Dollar in Las Vegas, NV: 10,000 SF well performing Family Dollar constructed in 2005 in densely populated middle-class area. 100% NNN- lease with 4-yrs left. NOI $93% cap. $1.25M. 7.50% cap.
5. Family Dollar in Grand Prairie, TX: 8000 SF newly constructed retail building on .62 ac lot in growing Fort Worth/Dallas suburbs. On an off/on ramp of Fwy-360. 100% NNN leased with 9-yrs left. NOI $114K/yr. $1.632M. 7% cap.
6. Famous Sam’s in Gilbert, AZ: 6780 SF restaurant built in 1998 along busy thoroughfare in high income Phoenix suburbs. 100% NNN leased with 3-yrs left. NOI $110K/yr. $1.38M. 8% cap.
7. Retail Center in Phoenix, AZ: 15,441 SF well maintained retail center on 2 ac lot. Across from Fry’s Food Grocery center. With easy access to Hwy-101. 87% leased. Actual NOI $118K/yr. $1.575M. 7.50% cap. Upside potential.
8. Office Building in Reno, NV: 6720 SF Class-B multi-tenant office building. Next to I-580. 100% leased to three tenants. Pro forma NOI $84K/yr. $1.1M. 7.70% cap.
9. Strip Center in Denver, CO: 6000 SF well kept strip center in middle-class area. All units face main corridor. 100% NNN leased. NOI $82K/yr. $975K. 8.50% cap.
10. Shopping Center in Arlington Heights, IL: 40,299 SF shopping center along main retail corridor in Chicago suburbs. 86% leased to national/local tenants. Actual NOI $380K/yr. $4.5M. 8.46% cap. Upside potential.

            (c) Transmercial 2014