10-02: Long John Silver's & A&W, Walgreens, 7-Eleven, Mixed-Use, MOB

1. MOB in Auburn, WA: 8878 SF well kept medical office building in Seattle suburbs anchored by Breast Diagnostic Centers. 88% leased by medical/dental tenants. NOI $112K/yr. $1.365M. 8.25% cap.
2. Long John Silver’s & A&W in Las Vegas, NV: 2847 SF dual branded fast food restaurant constructed in 2004 on .68 ac lot along busy corridor. 20-yrs NNN ground lease (land is for sale) with over 10-yrs left. NOI $66K/yr with 10% rent bumps every 5-yrs. $1.1M. 6.04% cap.
3. Professional Center in Fresno, CA: 14,690 SF consisting of four well maintained professional buildings on over 1 ac corner lot. Close to Hwy-41. 93% leased to medical and professional tenants. Actual NOI $89K/yr. $1.1M. 8.10% cap. Upside potential.
4. Retail Center in Apache Junction, AZ: 10,000 SF nine-unit retail center in Phoenix suburbs. 100% leased. Pro forma NOI $95K/yr. $1.125M. 8% cap.
5. Retail Building in Scottsdale, AZ: 5068 SF attractive retail building at a main retail corridor in high income ($98K/yr) Phoenix suburbs. 100% leased to two long term tenants. $1.15M. NOI N/A.
6. Walgreen’s in Daytona Beach, FL: 13,905 SF well maintained drive-thru drug store on 1.55 acres lot at a hard corner location.  100% NNN lease with 2 yrs left. NOI $226K/yr. $2.827M. 8% cap.
7. Golden Corral in Irving, TX: 9,611 SF buffet restaurant built in 1997 on 1.50 ac lot near Irving Mall and Fwy-183. 15-yrs absolute NNN corporate lease with over 13-yrs left. NOI $187K/yr with 10% rent increases every 5 years. $2.5M. 7.5% cap.
8. Office Building in Glen Ellyn, IL: 101,000 SF well maintained value-add office buildings on 5 ac lot in growing and affluent Chicago suburbs with an AHI of $106K/yr in 1 mile ring. With easy access to I-355. 61% leased. Actual NOI $470K/yr. $5.6M. 8.40% cap. Upside potential when fully occupied!
9. Mixed-use in Tenafly, NJ: 15,000 SF Class-B office/retail building in densely populated and affluent (AHI $137K/yr in 1 mile) New York suburbs. 90% NNN leased to regional and local tenants. NOI $165K/yr. $2.75M. 6% cap.
10. 7-Eleven in Vallejo, CA: 2160 SF well maintained convenience store on .18 ac corner lot in San Francisco metro. 100% NNN- corp lease with 5-yrs left. NOI $58K/yr. $1.09M. 5.35% cap. 

            (c) Transmercial 2014