08-15: Tilted Kilt, Business Park, Daycare, Starbucks Coffee

1. Tilted Kilt in Florence, KY: 8257 SF recently remodeled sport pub and restaurant on 1.84 ac lot at a major retail corridor in Cincinnati suburbs. Across from St. Elizabeth Florence Hospital and close to Florence Mall and I-71/75. New 15-yrs NNN lease to an experienced franchisee. NOI $347K/yr with 10% rent bumps every 5-yrs. $4.634M. 7.50% cap.
2.  Strip Center in Moore, OK: 7200 SF attractive strip center built in 2001 in Oklahoma City suburbs. 100% NNN leased. NOI $76K/yr. $799K. 9.60% cap.
3. Shopping Center in Glendale, CA: 14,562 SF beautiful shopping center constructed in 2006 on over 1 ac lot along major corridor in affluent (AHI $102K/yr) Los Angeles suburbs. 100% leased to long term tenants. NOI $576K/yr. $10.9M. 5.30% cap.
4. Business Park in Birmingham, AL: 34,664 SF Class-B multi-tenant office building constructed in 1999 in a high income area with an AHI of $101K/yr in 3 miles. Adjacent to Power Center with Dick’s, Home Goods, Big Lots, Lowes and Walmart. Near Trinity Medical Center Hospital. 93% leased. NOI $394K/yr. $4.9M. 8% cap.
5. Shopping Center in Newport News, VA: 21,240 SF attractive shopping center built in 2006 on 2.27 ac lot in growing middle-class Norfolk suburbs. Close to I-64. 100% NNN leased. NOI $258K/yr. $3.235M. 8% cap.
6. Strip Center in Buford, GA: well maintained strip center in fast growing and upper middle-class Atlanta metro. $1.35M. NOI/Cap N/A.
7. Daycare in Dublin, OH: 7693 SF recently relocated highly-rated-on-Yelp daycare center in growing and high income (AHI $105K/yr) Columbus suburbs.  Close to Mall at Tuttle Crossing, Dublin Methodist Hospital, I-270 and Hwy-161. 7-yrs NNN lease. NOI $96K/yr with 4% annual rent increases. $1.2M. 8% cap.
8. Shopping Center in Saint Joseph, MO: 37,600 SF twelve units shopping center shadow anchored by recently expanded Hy-Vee Supermarket. Close to East Hills Mall and I-29. 97% NNN leased. NOI $368K/yr. $4.755M. 7.75% cap.
9. Starbucks Coffee in Lakewood, CO: brand new 1920 SF drive-thru Starbucks Coffee on .45 ac lot along major retail corridor in Denver suburbs. Close to St. Anthony Hospital. 10-yrs NNN- lease. NOI $88K/yr. $1.613M. 5.50% cap.

(c) Transmercial 2014