09-25: Arby's, OSH, Adult Day Care, Auto Center, Popeye's, Retail Center

1. Shopping Center in Harwood Heights, IL: 31,917 SF well maintained shopping center on 1.68 ac lot in Chicago suburbs. 86% leased to national and local retailers including: The Bedding Experts, Pepe's Mexican Restaurant, Plato's Closet, and Once Upon a Child. $3.75M. Cap N/A.
2. MOB in Papillion, NE: 33,317 SF Class-B multi-tenant medical office building constructed in 1998 in growing and upper middle-class Omaha suburbs. Across from 121-bed Midlands Hospital. 90% NNN leased. NOI $448K/yr. $6.413M. 7% cap.
3. Arby’s in San Bernardino, CA: 2416 SF Arby’s Restaurant on .45 ac lot in growing San Bernardino County. Adjacent to Inland Center Mall and near San Bernardino Valley College and I-215. Tenant has been at this location since 1988. Tenant will be paying $150K to remodel store in 2015. Brand new 20-yrs absolute NNN lease. NOI $90K/yr with 8% rent bumps every 5-yrs. $1.5M. 6% cap.
4. Orchard Supply Hardware in Hanford, CA: 43,790 SF attractive single tenant retail building constructed in 1996 on 5.56 ac lot. 100% NNN corp lease with 5-yrs left. NOI $345K/yr. $5M. 7% cap.
5. Adult Day Care Facility in Corona, CA: 8000 SF well maintained established adult health care facility in affluent (AHI $124K/yr) Riverside County. With easy access to Hwy-91. 7-yrs NNN recently renewed lease.  NOI $149K/yr with 3% rent increases starting in year 4. $2.37M. 6.32% cap.
6. Shopping Center in Indianapolis, IN: 82,087 SF well kept shopping center completed in 1982 on over 10 ac lot anchored by Planet Fitness. Shadow-anchored by Kroger Grocery. Close major centers with Walmart and Lowe’s. 95% leased to national & local tenants. NOI $483K/yr. $5.375M. 9% cap.
7. Auto Center in Las Vegas, NV: 7600 SF auto center built in 1998 on .69 ac lot along main artery. 100% NNN lease to Purrfect Auto and Boomerang Auto. NOI $133K/yr. $1.75M. 7.62% cap.
8. Popeye’s in Decatur, GA: 1750 SF fast food restaurant on .87 ac lot in growing Atlanta suburbs. On an off/on ramp of I-20. Near The Gallery at South Dekalb. 100% NNN lease with 11-yrs left to an operator with 25 units. NOI $66K/yr with 10% bumps every 5-yrs. $1.056M. 6.25% cap.
9. Retail Building in Green Bay, WI: 2500 SF attractive two tenant retail building on .68 ac lot in a fast growing area. 100% NNN lease to Starbucks and Papa Murphy’s. NOI $66K/yr. $954K. 7% cap.

(c) Transmercial 2014