12-30: Jiffy Lube, Walgreens, Wendy's, Mixed-use, Shopping Centers

1. Shopping Center in Sherman, TX: 37,088 SF shopping center built in 2001 on 5.83 ac lot at a hard corner location of Hwy-75 in Dallas suburbs. Across from Lowes and Walmart Supercenter, Adjacent to TMC Behavioral Health Center. 100% leased to national, local and regional tenants. NOI $497K/yr. $6.225M. 8% cap.
2. Jiffy Lube & Auto Center in Whittier, CA: 2400 SF Jiffy Lube and 5760 SF auto center at a signalized intersection in densely populated and upper middle-class area in Los Angeles. 100% NNN leased to three tenants. NOI $148K/yr. $2.4M. 6.20% cap.
3. Walgreen’s in Jacksonville, FL: 13,980 SF Walgreens constructed in 1994 on 1.65 ac lot at a signalized corner location. Tenant has been at this location since 1994. Recently extended rare absolute NNN corp lease till 2019. Low rent of $9.66 per SF. NOI $135K/yr. $2.16M. 6.25% cap.
4. Wendy’s in High Point, NC: 4206 SF franchised fast food restaurant constructed in 2008 on over 1 ac outparcel to Walmart in Greensboro metro. 20-yrs absolute NNN lease with over 19-yrs left to a strong franchisee with 140 units. NOI $80K/yr with 10% rent bumps every 5-yrs. $1.523M. 5.25% cap.
5. Retail Center in Crown Point, IN: 11,964 SF attractive retail center completed in 1990 on over 1 ac lot in Chicago metro. 94% NNN leased with good tenant mix including O’Reilly Auto Parts. NOI $94K/yr. $1.25M. 7.54% cap.
6. Strip Center in Orlando, FL: 5588 SF eye-catching strip center in affluent neighborhood. 100% leased to Barton Chiropractic, H & H Insurance, B.A. Hattaway and Blezoo, Inc. NOI $71K/yr. $990K. 7.27% cap.
7. Mixed-use in Maple Grove, MN: 27,425 SF office and retail building constructed in 2005 in upper middle-class Minneapolis suburbs. Visible and on/off ramp to Hwy-169. 100% NNN leased. NOI $309K/yr. $3.865M. 8% cap.
8. Retail Center in Melbourne, FL: 1838 SF free-standing drive-thru Starbucks and 13,380 SF strip center completed in 2008 on 5.53 ac lot adjacent to Brevard Community College. 91% leased. $3.45M. NOI N/A.
9. Shopping Center in San Diego, CA: 44,861 SF well maintained shopping center on 3.82 ac lot anchored by El Picador Food Grocery and Grow Fit Fitness Center. With easy access to Hwy-905. 100% leased. NOI $564K/yr. $9M. 6.27% cap.
10. Retail Center in Casa Grande, AZ: 18,500 SF retail center anchored by 11,000 SF Pep Boys along main retail corridor. 100% NNN leased. NOI $153K/yr. $1.995M. 7.70% cap.

            (c) Transmercial 2014