12-19: Golden Corral, Shopping Centers, Retail Centers

1. Shopping Center in Plano, TX: 24,805 SF consisting of three retail buildings constructed in 2003 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% NNN leased. $3.81M. 6.50% cap. Upside potential.
2. Shopping Center in Santa Clarita, CA: 29,817 SF well maintained shopping center built in 1999 on over 3 ac lot in affluent Los Angeles suburbs with an AHI of $128K/yr in 1 mile. 83% NNN leased with good tenant mix including; Tutor Time, Kumon & Smile Focus Dental. Close to I-5. NOI $637K/yr. $9.445M. 6.75% cap.
3. Retail Building Arlington, TX: 27,581 SF retail building remodeled in 2012 on 1.49 ac lot visible from I-20. Close to 1,510,000 SF The Parks At Arlington with 180 stores. 100% NNN leased to Lumber Liquidators, Star Medical Center, Lumin Healthcare and Steiner Group. NOI $369K/yr. $5.3M. 6.98% cap.
4. Neighborhood Center in Grapevine, TX: 86,940 SF well kept shopping center on 6.56 ac lot at a main retail arty in a fast growing and high income (AHI $95K/yr in 3 miles) Dallas/Fort Worth suburbs. Near Baylor Regional Medical Center and with easy access to Hwy-114/121. 87% leased to Petco, Jo-Ann Stores, Dollar Tree and City of Grapevine. NOI $587K/yr. $7.532M. 7.80% cap.
5. Golden Corral in Indianapolis, IN: 10,003 SF Golden Corral buffet restaurant built in 1999 on 1.92 ac outparcel to Washington Square Mall.  100% NNN lease with 14-yrs left to a strong franchisee with 13 units.  NOI $185K/yr with 10% rent bumps every 5 yrs. $2.652M. 7% cap.

            (c) Transmercial 2014