08-11: Burger King, Family Dollar, MOB, Retail Centers, Office Buildings

1. Retail Center in Temecula, CA: 15,879 SF eye-catching retail center built in 2004 on 1.65 ac lot along major retail artery in high income (AHI $97K/yr) Riverside County. Adjacent to Sports Authority, Walmart, Marshalls, Kohl’s and Home Depot. Close to Temecula Valley Hospital. 83% NNN leased. Actual NOI $178K/yr. $3.245M. 5.42% cap. Upside potential.
2. Strip Center in Johns Creek, GA: 16,340 SF attractive strip center on 1.87 ac lot in growing and affluent Atlanta suburbs with an AHI of $104K/yr in 1 mile. Shadow anchored by Home Depot and Target. 61% leased. $2.067M. NOI/Cap N/A.   Just $126/SF!
3. Burger King in Chattanooga, TN: 2607 SF fast food drive-thru restaurant completed in 2008 on 1.25 ac lot in a fast growing area. Close toNorthgate Mall, Memorial Hospital Hixson and Hwy-319.  100% absolute NNN lease with 14-yrs left to a franchisee with 18-units. NOI $115K/yr with 10% rent bums every 5-yrs. $1.84M. 6.25% cap.
4. Retail Center in Carpentersville, IL: 11,035 SF attractive retail center constructed in 2007 on 1.43 ac outparcel to Home Depot. Tenants include: Panda Express, ATI Physical Therapy, GameStop, Sports Clips, Jamba Juice and Dundee Dental. Adjacent to Spring Hill Mall. 100% NNN leased. NOI $313K/yr. $4.358M. 7.19% cap.
5. Office Building in Oxnard, CA: 10,000 SF Class-A consisting of two office buildings on .86 ac lot along main corridor in high income Southern California.  The property has just been rebuilt after a fire. Currently received LOIs for 50% of the space by 2 medical tenants.  Pro form NOI $119K/yr. $1.499M. 7.95% pro forma cap.
6. Shopping Center in Cape Coral, FL: 79,210 SF shopping center on 3 ac lot along major retail corridor in Fort Myers suburbs. Near Walmart Supercenter and Cape Coral Hospital. 94% NNN leased to national tenants: TJ Maxx, Planet Fitness, Aaron Rent, Party City. NOI $600K/yr. $8.585M. 7% cap. Upside potential when fully leased.
7. Family Dollar in Columbus, OH: 8108 SF recently renovated Family Dollar on .85 ac lot at a main thoroughfare. Close to I-270. New 10-yrs NNN- lease. NOI $126K/yr. $1.688M. 7.50% cap.
8. Retail Center in Sicklerville, NJ: 11,520 SF newly constructed retail center on 1.49 ac lot in high income (AHI $102K/yr) Philadelphia metro. 100% NNN leased to five tenants. NOI $283K/yr. $4.055M. 7% cap.
9. MOB in Las Vegas, NV: 12,150 SF well maintained medical office building completed in 2006 on nearly 1 ac lot. Close to southern Hills Hospital & medical Center and Hwy-215. Only one vacant unit. Pro forma NOI $253K/yr. $2.6M. 9.74% pro forma cap.
10. Strip Center in West Chicago, IL: 9500 SF well kept strip center on 1.26 ac lot at a busy corridor. Close to Metra-West Chicago Station. 70% NNN leased. NOI $72K/yr. $900K. 8.02% cap.

            (c) Transmercial 2014