05-04: Tuffy & Car-X, 99-Cents Only Store, Pollo Regio, MOB, Rite Aid, Retail Centers

1. Tuffy/Car-X in Indianapolis, IN: 4950 SF attractive auto & tire center on .78 ac outparcel to Walmart center. Across from Lowe’s and near Costco, St. Vincent Indianapolis Hospital and I-465.  100% NNN corp lease with 8-yrs left. NOI $117K/yr with 1.75% annual rent increases. $1.748M. 6.75% cap.
2. 99-Cents Only Store in Colton, CA: 21,413 SF retail building on over 1 ac corer lot in San Bernardino County. Near Inland Center Mall and I-215. 100% absolute NNN corp lease with over 9-yrs left. NOI $152K/yr with a rent bump in 2019. $2.991M. 5.09% cap.
3. Urgent Care in Chandler, AZ: 6134 SF single tenant urgent care facility constructed in 1999 on 1.36 ac lot at a major retail intersection. Good demographics: fast growing and high income (AHI $111K/yr) Phoenix suburbs. 12-yrs NNN lease to a strong operator with 41 units. NOI $199K/yr with 10% rent increases every 5-yrs. $3.322M. 6% cap.
4. Shopping Center in Plano, TX: 42,042 SF attractive shopping center built in 2001 on 4.56 ac lot in high income Dallas suburbs with an AHI of $107K/yr in a 1 mile ring. Across from Walmart Supercenter. 95% NNN leased. Actual NOI $505K/yr. $6.745M. 7.50% actual cap. Upside potential.
5. Pollo Regio in Fort Worth, TX: 2157 SF drive-thru restaurant built in 2003 on .62 ac lot along major retail artery. Long absolute NNN lease with over 10-yrs left to Pollo Regio, a regional chain. NOI $60K/yr with 10% rent increases every 5-yrs. $1M. 6% cap.
6. Strip Center in El Mirage, AZ: 5200 SF strip center built in 2006 on .57 ac lot in growing (209% pop growth since 2000) Phoenix suburbs. 100% leased to solid tenants. NOI $71K/yr. $1.1M. 6.49% cap.
7. MOB in Huntington, NY: 6000 SF 10-yrs old Class-B single tenant medical office building on nearly 1 ac lot in high income New York suburbs. 100% leased. NOI $178K/yr. $2.55M. 7% cap.
8. MOB in Garland, TX: 13,829 SF well maintained multitenant medical office building along busy corridor in growing middle class Dallas suburbs. 78% leased. $1.025M. NOI N/A.
9. Retail Center in Grand Prairie, TX: 24.744 SF retail center constructed in 2008 on 2.38 ac lot along major corridor in Dallas/Fort Worth suburbs. 75% leased. 7% cap. NOI N/A.
10. Rite Aid in Lansing, MI: 11,201 SF Rite Aid at a hard corner location and along major artery. Close to McLaren Grater Lansing Hospital. 100% NNN- lease with 2-yrs left. NOI $152K/yr. $1.888M. 8.10% cap.

            (c) Transmercial 2015