10-10: Hardee's, MOB, Red Lobster, Taco Bell, Office Buildings

1. Hardee’s in Algonquin, IL: 3236 SF franchised fast food restaurant on 1 ac lot in upper middle-class Chicago suburbs with an AHI of $86K/yr. New 20–yrs absolute NNN lease to a strong franchise with 171 units. NOI $133K/yr with 5% rent bumps every 5-yrs. $1.9M. 7% cap.
2. Retail Center in Southaven, MS: 19,259 SF attractive retail center built in 2006 on 1.89 ac lot in growing Memphis metro. Shadow anchored by Malco DeSoto Cinema. Adjacent to major centers, near Baptist Memorial Hospital and I-55/69. 100% NNN leased to national & regional tenants. NOI $280K/yr. $3.19M. 8.80% cap.
3. Shopping Center in Lawrenceville, GA: 40,000 SF attractive retail center on 3.60 ac lot along main corridor in growing Atlanta suburbs. Near Hwy-316. 84% NNN leased. NOI $525K/yr. $7M. 7.50% cap.
4. MOB in Fresno, CA: 5181 SF single-tenant medical office building renovated in 2009 on .65 ac corner lot. 100% leased with 2-yrs left to Prospice Medical Group, specializing in occupational and non-occupational injuries. NOI $56K/yr. $750K. 7.48% cap.
5. Shopping Center in South Holland, IL: 34,288 SF well maintained shopping center on 2½ ac lot anchored by Family Dollar in Chicago suburbs. Near River Oaks Center Mall and I-94. 100% leased. NOI $251K/yr. $3.45M. 7.30% cap.
6. Red Lobster in Montclair, CA: 6233 SF sea food restaurant in a high income area and in densely populated San Bernardino County. Outparcel to 1,200,000 SF Montclair Plaza Regional Mall with, Nordstrom, Macy’s and Sears. Near I-10.  100% absolute NNN corp lease with 5-yrs left. NOI $162K/yr. $3.2M. 5.06% cap.
7. Taco Bell in Glen Cove, NY: 2420 SF attractive fast food restaurant on .56 ac lot along main corridor in affluent (AHI $104K/yr) New York suburbs. Adjacent to Glen Cove Hospital. New 15-yrs absolute NNN lease. NOI $102K/yr with 10% rent bumps every 5-yrs. $2.04M. 5% cap.
8. Office Building in Daytona Beach, FL: 31,626 SF newly renovated multi-tenant office building on over 3 ac lot. Close to Daytona International Airport. 100% leased. NOI $284K/yr. $3.95M. 7.20% cap.
9. Shopping Center in Oakley, CA: 27,490 SF attractive shopping center at a corner location in upper middle class Contra Costa County with an AHI of $93K/yr in a 3 mile ring. Credit tenants include: Radio Shack, Great Clips, Chase Bank and GNC. Shadow anchored by Lucky Supermarket and Rite Aid. 94% leased. Pro forma NOI $558K/yr. $8.95M. 6.20% pro forma cap.
10. Retail Center in Farmington, MI: 27,619 SF shopping center at a signalized intersection along major retail artery. Good demographics: fast growing and high income area with $102K/yr in a 3 mile ring. 100% NNN leased. NOI $406K/yr. $5.8M. 7.01% cap.

            (c) Transmercial 2014