01-08: O'Charley's, Arby's, Burger King, Starbuck Coffee, CVS, Rite Aid

1. O’Charley’s in Asheville, NC: 6802 SF attractive casual dining restaurant constructed in 1996 on1.59 ac lot along main retail corridor. Close to Asheville Mall and with easy access to I-240. 20-yrs absolute NNN lease with 9-yrs left, to a restaurant chain with over 200 locations. NOI $155K/yr with annual rent increases. $2.005M. 7.75% cap.
2. Retail Buildings in Plano, TX: 21,817 SF consisting of two attractive retail buildings along Hwy-75 in fast growing Dallas suburbs. Close to Costco, Lowes and Walmart Supercenter. 100% NNN leased. NOI $487K/yr. $6.29M. 7.75% cap.
3. Arby’s in Mundelein, IL: 4023 SF well maintained franchised restaurant on .87 ac outparcel to recently renovated Jewel-Osco and Burlington Coat Factory Center. In growing and affluent Chicago suburbs with an AHI of $103K/yr in 1 mile. 20-yrs absolute NNN lease with 5-yrs left to a strong operator with 25-units. NOI $72K/yr with 1.5% rent bumps starting in 2018. $929K/yr. 7.75% cap.
4. Burger King in San Antonio, TX: 2505 SF franchised fast food restaurant built in 2006 on .48 ac lot. Across from Walmart Supercenter, Home Depot, Target and H-E-B Supermarket. Close to Mission Trail Baptist Hospital and I-37. This is a sale/leaseback investment. Long absolute NNN lease to an experience operator with 20-units. NOI $100K/yr. $1.667M. 6% cap.
5. Starbucks Coffee in San Antonio, TX: 1785 SF drive-thru newly constructed retail building at a signalized intersection. Across from Lowe’s and Sprouts Farmers Market. With easy access to I-10.  Close to University Hospital, Methodist Hospital and St. Luke’s Baptist Hospital.  New 10-yrs NNN- lease. NOI $87K/yr. $1.749M. 5% cap.
6. Rite Aid in Ogden, UT: 21,000 SF well maintained Rite Aid Pharmacy on .92 ac lot in growing town North of Salt Lake City. Tenant has been at this location since 1965. 7-yrs recently extended NNN- corp lease. NOI $99K/yr. $1.523M. 6.50% cap.
7. CVS in San Bernardino, CA: 15,251 SF CVS Pharmacy built in 2002 on over 2 ac lot at a hard corner location. Adjacent to California State University San Bernardino. 100% NNN corp lease with over 9-yrs left. NOI $353K/yr with 5% rent bumps every 5-yrs. $6.615M. 5.35% cap.
8. KFC in West View, PA: 3238 SF KFC restaurant built in 2001 on .56 ac lot in middle-class Pittsburgh suburbs. Near shopping center with Kmart and Giant Eagle Grocery. 100% absolute NNN lease with 17-yrs left. NOI $67K/yr with 1.5% annual rent increases. $1.132M. 6% cap.
9. Shopping Center in Plano, TX: 28,805 SF attractive shopping center on nearly 3 ac lot in fast growing and upper middle class Dallas Metro. Shadow anchored by Kroger, a major supermarket chain with 2640 locations. 81% leased. NOI $247K/yr.$3.81M. 6.50% cap. Upside potential when fully leased.
10. Retail Building in Artesia, CA: 3150 SF well kept single-tenant retail building in densely populated and high income (AHI $89K/yr) Los Angeles County. Across from Los Cerritos Center and close to I-605.  100% NNN lease with 2-yrs left. NOI $110K/yr. $1.88M. 5.80% cap.

            (c) Transmercial 2015