09-05: Fletcher's Tire & Auto, Childtime Learning Center, Aaron's Rent, Office Building

1. Strip Center in Placerville, CA: 4116 SF attractive strip center at a corner location in a growing and middle-class town East of Sacramento. National tenants include: UPS Store and Farm Insurance. 100% NNN leased. NOI $73K/yr. $1.123M. 6.50% cap.
2. Retail Center in Escondido, CA: 15,297 SF well maintained retail center along busy corridor in San Diego County. Adjacent to major thoroughfare with over 30,000 CPD and with easy access to I-15. Long term tenants. NOI $245K/yr. $3.5M. 7.01% cap.
3. Office Building in Roseville, CA: 25,053 SF Class-A multi-tenant office building along major corridor in high income Sacramento suburbs. Adjacent to Kaiser Permanente-Roseville. 100% leased. NOI $405K/yr. $5.785M. 7% cap.
4. Shopping Center in Rowlett, TX: 49,693 SF shopping center on 5.51 acres lot anchored by Big Lots in high income (AHI $86K/yr) Dallas suburbs. 72% leased.  NOI $322K/yr. $4.113M. 7.85% cap. Upside potential when fully leased.
5. Retail Center in Strongsville, OH: 27,401 SF attractive retail center on 2 ac lot in upper middle-class Cleveland suburbs. Close to South Park Mall and I-71. 100% NNN leased. NOI $312K/yr. $3.9M. 8% cap.
6. Fletcher’s Tire & Auto in Mesa, AZ: 7750 SF Fletcher’s Tire & Auto Center on .25 ac lot shadow anchored by Goodwill. 25-yrs absolute NNN lease with 7-yrs left. NOI $138K/yr with 3% annual rent increases. $1.907M. 7.25% cap.
7. Retail Center in Longmont, CO: 21,802 SF well maintained retail center on 1.53 ac lot in Denver suburbs. Near Longmont United Hospital. All units face main road. 93% NNN leased. NOI $194K/yr. $2.6M. 7.47% cap.
8. Childtime Learning Center in Temecula, CA: 8280 SF day care facility built in 2001 on over 1 ac lot in a fast growing and high income Riverside County with an AHI of $83K/yr in 3-miles. Across from Rancho Temecula Town Center with LA Fitness, BeVo!, Sprouts Farmers Market and Rite Aid Pharmacy. 100% NNN corp lease with 4-yrs left. NOI $207K/yr. $3.2M. 6.50% cap.
9. Aaron’s Rent in Phoenix, AZ: 7000 SF newly constructed single-tenant retail building on nearly 1 ac lot in a fast growing (184% pop growth since 2000) middle-class area. Across from Walmart Supercenter. New 10-yrs NNN corp lease. NOI $115K/yr. $1.925M. 6% cap.
10. Retail Center in Madison Heights, MI: 18,300 SF retail center on 1.79 ac lot in Detroit suburbs. Across from Sam’s Club and near I-75. 100% NNN leased. NOI $153K/yr. $2.1M. 7.30% cap.

            (c) Transmercial 2014