04-07: Hancock Fabrics, Midas, Midwest Pain Clinic, Retail Centers

1. Retail Center in Dickinson, TX: 22,745 SF retail center built in 2009 on nearly 2 ac lot in fast growing and high income (AHI $87K/yr) Houston suburbs. 89% NNN leased. NOI $322K/yr. $3.555M. 9.08% cap.
2. Hancock Fabrics in Longmont, CO: 15,229 SF well maintained strip center on .94 ac lot at a signalized corner location in Denver metro. Recently renewed 5-yrs lease with roughly 6-yrs left. Pro forma NOI $94K/yr. $1.29M. 7.33% cap.
3. Midas in Port Charlotte, FL: 4970 SF built-to-suit automotive center on .36 ac lot along major retail artery. 20-yrs NNN lease with 3-yrs left. NOI $74K/yr with CPI rent increases every 2yrs. $999K. 7.50% cap.
4. Retail Center in Cordova, TN: 15,100 SF attractive retail center constructed in 1991 on 1.43 ac lot in Memphis suburbs. 100% NNN leased to AutoZone, Trinity Learning Center and Advance Prosthetics. NOI $217K/yr. $3.45M. 6.30% cap.
5. Shopping Center in Allen, TX: 48,849 SF shopping center built in 1999 on 8.46 ac lot at a hard corner location in growing and affluent Dallas suburbs with an AHI of $132K/yr in 1 mile. 86% leased with good tenant mix including: Wendy' s, Taco Bell, BB&T Bank, H&R Block, Subway, Little Caesars, GNC, Edward Jones and Farmers Insurance among others. Actual NOI $832K/yr. $11.641M. 7.15% actual cap. Upside potential.
6. Midwest Pain Clinic in Omaha, NE: 26,986 SF Class-A single-tenant medical office building completed in 1993 on 2 ac lot. Close to Methodist Hospital, Westroads Mall and I-680. 10 yrs absolute NNN lease. NOI $332K/yr. $4.6M. 7.22% cap.
7. Retail Center in Plano, TX: 22,900 SF well maintained retail center constructed in 1999 in growing and affluent Dallas metro with an AHI of $145K/yr in 1 mile. 8.5% cap. NOI/Price N.A.
8. Retail Center in Lauderhill, FL: 66,103 SF retail center on 8.76 ac lot close to Florida Medical Center in Fort Lauderdale metro. 89% leased with excellent tenant mix. Actual NOI $526K/yr. $7.95M. 6.62% cap.
9. Shopping Center in Pompano Beach, FL: 61,658 SF well kept shopping center on 4.51 ac lot at a signalized intersection in Fort Lauderdale metro. Near Broward Health Imperial Point. 80% leased. NOI $346K/yr. $4.5M. 7.70% actual cap. Upside potential as rent is below market rent.
10. Strip Center in Vernon Hills, IL: 12,113 SF attractive strip center on 1.38 ac lot at a signalized intersection in affluent (AHI $115K/yr in a 3 mile ring) Chicago suburbs. 85% leased. NOI $175K/yr. $1.95M. 9% cap.

            (c) Transmercial 2015