01-27: MOB, Walgreens, Apartments, Burger King, Family Dollar, Dollar General

1. MOB in Maryville, IL: 31,567 SF medical office building completed in 2009 on 3 ac lot anchored by DaVita Dialysis in St Louis metro. Close to 151-bed Anderson Hospital. 91% NNN leased with a strong tenant mix. NOI $453K/yr. $6.35M. 7.15% actual cap. Upside potential.
2. Strip Center in Ventura, CA: 7681 SF well maintained strip center shadow-anchored by CVS Pharmacy in high income Southern California. Adjacent to Ventura City College, home to 15,000 students. 100% NNN leased. NOI $154K/yr. $2.125M. 7.25% cap.
3. Walgreens in Chesterfield, MI: 13,686 SF Walgreens Pharmacy built in 1998 on 2.66 ac lot at a major signalized intersection in growing and upper middle class Detroit suburbs. Across from Meijer Supermarket. 100% NNN corp lease with 4-yrs left. NOI $335K/yr. $4.79M. 7% cap.
4. Strip Center in Hilliard, OH: 3832 SF eye-catching strip center completed in 2006 in high income Columbus metro with an AHI of $84K/yr in 3 miles. 100% NNN leased to Cuzzin's Yogurt, Mod Salon, Fast Signs, & Columbus' #1 Jet's Pizza. NOI $119K/yr. $1.442M. 8.25% cap.
5. Apartments in Rancho Cordova, CA: 18-units well maintained apartment complex in growing Sacramento suburbs. Fully renovated interiors include: granite countertops, new appliances and dual pane windows. Close to Hwy-50. 100% occupied. NOI $102K/yr. $1.35M. 7.62% cap.
6. Burger King in De Pere, WI: 2820 SF drive-thru fast food restaurant built in 1994 on over 2 ac lot on an off/on ramp to Hwy-172.  This is a sale/leaseback investment. 100% absolute NNN lease till 2037. NOI $70K/yr with 1% annual rent increases. Billboard lease at $4500/yr till 2037. $1.027M. 7.25% cap.
7. Family Dollar in McKinney, TX: 8000 SF all-brick constructed retail building completed in 2003 on nearly 1 ac lot at a hard corner location in middle-class Dallas suburbs. Tenant pays low rent. 100% NNN lease with 3-yrs left. NOI $76K/yr. $1.129M. 6.75% cap.
8. Shopping Center in Waukegan, IL: 65,499 SF well maintained shopping center in Chicago suburbs. Good tenant mix include: Dollar General, Talecris Plasma Resources, Rent A Center, Metro PCS, Dotty's Cafe, and Tacos El Norte among others. Shadow anchored by Lewis Produce Market. 92% NNN leased. NOI $696K/yr. $8.7M. 8% cap.
9. Dollar General in Hackettstown, NJ: 8952 SF recently renovated retail building in high income New York metro. 10-yrs NNN lease with 9-yrs left. NOI $117K/yr. $1.8M. 6.50% cap.
10. Retail Building in Royal Palm Beach, FL: 6370 SF attractive retail building constructed in 1997 on 1.25 ac corner lot in a growing an upper middle class. 100% leased to two tenants. NOI $109K/yr. $1.495M. 7.35% cap.

            (c) Transmercial 2015