12-31: Denny's Restaurant, Shopping Centers, Strip Centers

Happy New Year.  Transmercial will close on 1/1 and 1/2.

1. Strip Center in Fort Worth, TX: 9600 SF newly constructed strip center on over 1 ac lot. Part of 500,000 SF Renaissance Square with Walmart, Marshalls, Shoe Carnival, Ross Dress for Less, Dots, Hibbett Sports and Dollar Tree. Tenants include: T Mobile, Nails Salon, RSQ Dental, Subway, GameStop and Seham Enterprises. 100% NNN leased. NOI $209K/yr. $2.757M. 7.60% cap.
2. Shopping Center in Flint Township, MI: 58,130 SF consisting of five well maintained retail centers constructed in 1990 along major retail artery. Eight points of ingress/egress. Retailers in the immediate area include: Lowe’s, Sam Club, Walmart, Home Depot, Kroger and more. NOI $425K/yr. $4.483M. 9.50% cap.
3. Shopping Center in Carrollton, TX: 31,686 SF attractive shopping center built in 2002 on 3.88 ac lot in fast growing Dallas metro. Next to I-35E. 94% NNN leased with good tenant mix. NOI $378K/yr. $4.524M. 8.37% cap. Upside potential.
4. Shopping Center in Pickerington, OH: 59,495 SF well maintained shopping center on 8 ac lot in growing and upper middle class Columbus suburbs. Major tenants include: Urgent Care, Goodwill and Chase. 96% leased. Actual NOI $551K/yr. $6M. 9.20% actual cap. Upside potential when fully leased.
5. Retail Center in Maplewood, MN: 12,690 SF well kept retail center on 5 ac lot at a signalized intersection in St Paul suburbs. Price N/A.
6. Denny’s in Phoenix, AZ: 4796 SF recently remodeled restaurant constructed in 1997 on 1 ac lot. On on/off ramp of I-17. Close to John C Lincoln Deep Valley Hospital. Newly executed 10-yrs absolute NNN lease. NOI $85K/yr with 10% rent bumps every 5-yrs. $1.478M. 5.75% cap.
7. Strip Center in North Las Vegas, NV: 6619 SF strip center built in 2007 at a corner location. Adjacent to Walmart Neighborhood Market and Albertsons Grocery. 100% leased. $2.175M. NOI N/A.
8. Retail Building in Greenville, NC: 3127 SF single tenant retail building in fast growing area across from Greenville Mall. 100% NNN lease with 6-yrs left to Adam & Eve, and adult entertainment tenant. NOI $64K/yr. $909K. 7.15% cap.

            (c) Transmercial 2014