12-10: Burger King, Family Dollar, Tuffy Auto Service, Staples, O'Reilly, MOB, Arby's

1. Burger King in Birmingham, AL: 2645 SF drive-thru fast food restaurant built in 2007 on over 1 ac outparcel to 24-Hour Walmart Supercenter at a hard corner location. Surrounded by 1.5M SF of retail buildings including Publix, ALDI, Winn Dixie, Home Depot and TJ Maxx. 15-yrs absolute NNN corp ground lease (land is for sale) with over 8-yrs left. NOI $99K/yr with 10% rent bumps every 5-yrs. $1.8M. 5.5% cap.
2. Family Dollar in Fresno, CA: 8320 SF brand new build-to-suit Family Dollar on 1 ac lot in a fast growing area. Close to Fresno Chaffee Zoo and Hwy-99. 10-yrs NN lease. NOI $173K/yr. $2.664M. 6.50% cap.
3. Shopping Center in Fort Worth, TX: 36,035 SF attractive shopping center built in 2007 o n over 8 acres of land in a fast growing and high income area. 77% NNN leased. Actual NOI $403K/yr. $5.663M. 7.12% actual cap. Upside potential when fully occupied.
4. Tuffy Auto Service Center in Port Saint Lucie, FL: 3960 SF auto center built in 2004 on nearly 1 ac lot along major artery. 100% NNN corp lease with 4-yrs left. NOI $105K/yr. $1.166M. 9% cap.
5. Neighborhood Center in Wheaton, IL: 116,759 SF well kept shopping center on 8.80 ac lot in high income Chicago suburbs with an AHI of $93K/yr in 3 miles. Shadow anchored by Jewel-Osco Grocery. 98% leased to Office Depot, Dollar Tree, Cardinal Fitness, H&R Bocks and more. NOI $1.191M/yr. $12.95M. 9.20% cap.
6. Retail Center in Knoxville, TN: 26,228 SF eye-catching retail center on 3.63 ac lot at a busy corridor. Tenants include: Panera Bread, Westwood Antiques & Design Market, Jersey Mike’s Subs, H&R Block, Persian Rug Galleries, Prestige Cleaners and Lilly’s Beads. 100% NNN leased. NOI $296K/yr. $3.385M. 8.75% cap.
7. Staples in Fort Lee, NJ: 12,835 SF retail building in densely populated New York suburbs with over 1,700,000 residents in a 5 mile ring. Close to I-95/Hwy-1. Tenant has been at this location since 1994. NNN recently extended lease with 7-yrs left. NOI $498K/yr. $8.5M. 5.87% cap.
8. O’Reilly Auto Parts in Sacramento, CA: 5400 SF well maintained O’Reilly Auto Parts built in 1998 at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.895M. 5.50% cap.
9. MOB in Albuquerque, NM: 13,206 SF medical office building renovated in 2005 across from Kaseman Hospital. Close to Winrock Center and I-40. 100% leased. NOI $173K/yr. $1.995M. 8.70% cap.
10. Arby’s in Middleburg Heights, OH: 2457 SF Arby’s Restaurant in a fast growing middle Cleveland suburbs. Near Southwest General Hospital and I-71. 100% NNN lease. NOI $150K/yr. $2.15M. 6.98% cap.

            (c) Transmercial 2014