12-01: hhgregg, Taco Bell, Applebee's, Apartments, MOB, Power Centers

1. Hhgregg in Chesapeake, VA: 25,150 SF single-tenant retail building constructed in 2010 on over 2 ac lot in growing Norfolk suburbs. Adjacent to Kohl’s, Walmart Supercenter and Sam’s Club. Near Greenbrier Mall. On on/off ramp of I-64. 15-yrs NNN- lease with 11-yrs left to Gregg Appliances Inc. (a regional, publicly traded company, NYSE: HGG) with 228 stores. NOI $401K/yr with rent bumps every 5-yrs. $5.517M. 7.27% cap.
2. Power Center in Lewisville, TX: 118,580 SF well maintained neighborhood center anchored by Big Lots in fast growing & upper middle class (AHI $85K/yr in a 3 mile ring) Dallas/Fort Worth metro. Close to I-35E. 94% NNN leased. NOI $762K/yr. $9.36M. 8% cap.
3. Shopping Center in Cary, IL: 48,708 SF attractive shopping center on 3.56 ac lot in growing and high income Chicago suburbs with an AHI of $103K/yr in 3 miles. 92% leased with good tenant mix including Dollar General and O’Reilly Auto Parts.  NOI $296K/yr. $3.7M. 8% cap.
4. Taco Bell in Calumet City, IL: 3029 SF drive-thru fast food restaurant on nearly 1 ac outparcel to River Oaks Plaza with Sam’s Club, Marshalls, Ross Dress for Less, Fallas, Shoe Carnival, Big Lots and more in Chicago suburbs. Across from 1,300,000 SF River Oaks Mall. 20-yrs absolute NNN corp ground lease (land is for sale) with 10-yrs left. NOI $66K/yr with 10% rent bumps every 5-yrs. $1.11M. 6% cap.
5. MOB in Acworth, GA: 9120 SF Class-B multi-tenant medical office building completed in 2007 growing & upper middle-class (AHI $87K/yr) Atlanta suburbs. 75% leased to Governor’s Family Medical Group and Dermatologist. Actual NOI $90K/yr. $1.15M. 7.84% cap. Upside potential.
6. Retail Center in Katy, TX: 10,164 SF retail center built in 2007 in fast growing and affluent (AHI $166K/yr) Houston metro. Across from Super Target and near Hwy-99. 100% leased. NOI $212K/yr. $3.12M. 6.80% cap.
7. Applebee’s in East Peoria, IL: 5829 SF franchised Applebee’s Restaurant constructed in 2004. Shadow anchored by Walmart Supercenter and Lowes. With easy access to I-74. 100% NNN lease with over 9-yrs left. NOI $198K/yr with 5% rent increases every 5-yrs. $2.75M. 7.22% cap.
8. Apartments in Santa Clara, CA: 8-units well maintained apartment complex on .25 ac lot in high income Silicon Valley with an AHI of $92K/yr in 3 miles. Close to Santa Clara University, Valley Fair and Santana Row.  100% occupied. NOI $105K/yr. $2.1M. 5% cap.
9. MOB in Arlington, TX: 29,800 SF medical office building remodeled in 2012 on 2 ac lot in Fort Worth suburbs. Close to Medical Center of Arlington, The Parks at Arlington. And next to I-20. 100% NNN leased to multiple medical tenants. NOI $371K/yr. $5.3M. 7% cap.
10. Apartments in Los Angeles, CA: 11-units apartments building in densely populated area with over 1,100,000 residents in 5-mile radius. 5-units have been completely remodeled. Actual NOI $97K/yr. $1.55M. 6.31% cap.

            (c) Transmercial 2014