12-12: Rite Aid, Tire Rama, Denny's, Jiffy Lube, Jack in the Box, Walgreens, Best Buy

1. Retail Center in Fredericksburg, VA: 8000 SF attractive retail center constructed in 1994 on over 1 ac outparcel to Chancellor Center with Food Lion grocery, AutoZone and Sherwin Williams. Along major artery and at a highly visible location. 100% NNN leased. NOI $192K/yr. $2.4M. 8% cap.
2. Retail Center in Tampa, FL: 17,935 SF retail center on over 2 ac outparcel to Super Walmart. Good tenant mix including: GameStop, Amscot and Show-Me’s Bar & Grill. 82% leased. Actual NOI $285K/yr. $3.8M. 7.51% cap. Upside potential when fully leased.
3. Office Building in Capitola, CA: 13,562 SF Class-A multitenant office building in a wealthy coastal town in Northern California. Between Capitola Mall and Hwy-1. 100% leased to EDD and Viewpoint Construction Software. NOI $238K/yr. $4.075M. 5.86% cap.
4. Rite Aid in Roseville, CA: 31,468 SF well kept Rite Aid Pharmacy on 3 ac lot in growing upper middle class Sacramento suburbs. Shadow anchored by Raley’s Supermarket center. 20-yrs absolute NNN corp lease with 10-yrs left. NOI $367K/yr. $6.5M. 5.65% cap.
5. Tire Rama in Spokane Valley, WA: 8000 SF single-tenant Tires, wheels, rims and accessories center at a busy thoroughfare. Close to I-90. 100% NNN lease with 9-yrs left. NOI $120K/yr with annual CPI rent bumps. $1.857M. 6.50% cap.
6. Denny’s in Sioux Falls, SD: 4511 SF Denny’s Restaurant on over 1 ac lot at a major artery. With easy access to I-229. This is a sale & leaseback investment. New 20-yrs absolute NNN lease to a strong franchisee with 90-units. NOI $98K/yr with 5% rent increases every 5-yrs. $1.633M. 6% cap.
7. Jiffy Lube in Mesa, AZ: 1312 SF auto center in growing Phoenix suburbs. 20-yrs NNN lease with 9-yrs left to a strong operator with about 50-units. NOI $85K/yr with 3% annual rent bumps. $1.26M. 6.80% cap.
8. Jack in the Box in San Antonio, TX: 2412 SF drive-thru fast food restaurant built in 2000 at a busy retail corridor in growing upper middle class area. 18-yrs absolute NNN corp lease with 4-yrs left. NOI $123K/yr with a rent increase in 2015. $1.972M. 6.25% cap.
9. Walgreens in Richton Park, IL: 15,038 SF Walgreens Pharmacy built in 2000 on nearly 2 ac lot at a signalized intersection in growing Chicago metro. With easy access to I-57. 20-yrs NNN lease with 6-yrs left. NOI $259K/yr. $3.9M. 6.65% cap.
10. Best Buy in Montclair, CA: 45,263 SF retail building completed in 1998 in densely populated San Bernardino County. Adjacent to Target & Montclair Plaza with Nordstrom, Sears, JCPenney and Forever 21. Close to Montclair Hospital and I-10. 100% corp leased. NOI $562K/yr. $8.85M. 6.36% cap.

            (c) Transmercial 2014