02-23: Retail centers, MOB, Jiffy Lube

1. Retail Center in Carpentersville, IL: 11,095 SF attractive retail center next to Spring Hill Mall in fast growing and affluent (AHI $103K/yr) Chicago metro. 87% NNN leased to national tenants: Panda Express, US Cellular, Game Stop, Sport Clips and Jamba Juice with 1 small vacant unit. NOI $345K/yr. $4.315M. 8% cap. 
2. Shopping Center in Marietta, GA: 28,100 SF mature multi-tenant shopping center on 3 acres lot in Atlanta suburbs. 100% leased. NOI $210K/yr. $2.1M. 10% cap. 
3. Retail Center in Sunrise, FL: 22,400 SF attractive retail building along main retail corridor in Fort Lauderdale metro.  Across from Lowe’s and The Home Depot. 90% leased. NOI $314K/yr. $3.935M. 8% cap.  
4. Medical Office & Retail Building in Chicago, IL: 27,007 SF building across from Roseland Community Hospital. 100% NNN leased to 7 medical & retail tenants including: 6683 SF Fresenius Dialysis, 8124 SF Roseland Community Hospital and 6735 SF Chicago Family Health. Densely populated area with almost 1 million residents in 5 miles. NOI $523K/yr. $6.34M. 8.25% cap. 
5. Office Building in Temecula, CA: 32,213 SF Class-A office building constructed in 1990 near The Promenade in Temecula Mall and next to I-15. 68% leased. NOI $270K/yr. $3.384M. 8% cap. Upside potential. 
6. Jiffy Lube in Mesa, AZ: 3192 SF Jiffy Lube at major retail corridor in high income (AHI $73K/yr in 1 mile) Phoenix metro. 100% NNN leased to a strong operator with 60+ units. NOI $78K/yr. $947K. 8.25% cap. 
7. Shopping Center in Ogden, UT: 23,800 SF well-maintained shopping center on 1.87 ac  corner lot. 100% NNN leased 2 tenants: Dollar General (national) and Viva Market (regional tenant with 4 locations). NOI $163K/yr. $1.999M. 8.20% cap.  

© Transmercial 2012

02-22: Shopping Centers. Del Taco, Burger King, DC Sarnies Restaurant, Medical Buildings

1. Retail Center in Arlington, TX: 2-years old 11,012 SF high-quality construction retail center on 1.23 acres across from Fry’s Electronics and next to I-20 in middle-class (AHI $72K/yr) Dallas/Fort Worth metro. 100% NNN leased to 7 tenants. NOI $202K/yr. Price reduced from $2.635M to $2.375M. 8.5% cap. 
2. Shopping Center in Austin, TX: 10,014 SF strip mall built in 2005 on 1.74 ac lot in high income area (AHI $82K/yr in 1 mile).  100% NNN- leased to 6 tenants.  NOI $226K/yr. $2.78M. 8.15% cap. 
3. Retail Center in Windsor, CA: 14,210 SF multi-tenant retail center on an outparcel to Wal-Mart, Home Depot and Office Depot. High income & stable town just North of San Francisco.  100% leased. NOI $352K/yr. $4.55M. 7.75% cap.  
4. Professional Building in San Diego, CA: 9983 SF well-maintained professional building on .71 acre lot at a signalized corner location close to Alvarado Hospital and San Diego State University. 100% leased to seven tenants. NOI $106K/yr. $1.331M. 8% cap. 
5. Del Taco in Aurora, CO: 2491 SF drive-thru restaurant built in 2005 on .95 ac lot outparcel to Wal-Mart & Home Depot anchored center in Denver suburbs. Great demographics: AHI $108K/yr in 1 mile. Absolute NNN lease till 2025 to a strong operator. NOI $145K/yr with 5% rent bumps every 5-yrs. $1.717M. 8.5% cap. 
6. Burger King in Winter Haven, FL: 2618 SF recently constructed fast food restaurant on 1+ ac lot at a busy corner location and outparcel to The Shoppes at Miller’s Landing in Tampa suburbs. 10 yrs absolute NNN ground lease (land is for sale, in the unlikely event that tenant does not renew lease then building is reverted to landowner) with 6+ years left. NOI $85K/yr. with 10% rent bumps every 5 yrs. $1.37M. 6.5% cap. 
7. DC Sarnies Restaurant in Deerfield, IL: 6572 SF restaurant at busy retail corridor surrounded by several corp headquarters and close to I-94. In affluent (AHI $179K/yr in 1 mile) Chicago suburbs. 100% NNN lease. NOI $121K/yr. $1.425M. 8.5% cap. 
8. Medical Building in Edinburg, TX: 10,802 SF medical building constructed in 1998 in fast growing and high income (AHI $158K/yr in 1 mile) McAllen metro. Walking distance to Doctor's Hospital and Medical Tower at Renaissance. 100% leased to multiple tenants. NOI $145K/yr. $1.514M. 10.40% cap. 
9. Medical Building in Chesapeake, VA: 11,526 SF newly upgraded medical building on 1.72 acres adjacent to 717,000 SF Chesapeake Square Mall in Norfolk suburbs. 100% leased. NOI $177K/yr. $1.975M. 9% cap. 
10. Shopping Center in Peoria, AZ: 24,143 SF attractive shopping center next to Sprouts Market, 99¢ Only Store and Lowe’s in high income Phoenix suburbs.  89% leased. NOI $444K/yr. $5.775M. 7.70% cap.

© Transmercial 2012

02-21: Golden Corral, Rite Aid, Walgreen's, Advance Auto, Smart & Final, Krispy Kreme, Jack In The Box

1. Golden Corral in Pembroke Pines, FL: 10,341 SF Golden Corral Buffet Restaurant built in 2000 on 1.81 acres along busy boulevard. In growing and middle-class Fort Lauderdale. Absolute NNN leased till 2021 to the largest Golden Corral franchisee. NOI $235K/yr with annual rent increases. $2.91M. 8.10% cap.  
2. Rite Aid (S&P B-) in Renton, WA: 16,280 SF Rite Aid Pharmacy constructed in 2006 across from Safeway anchored shopping center in Seattle metro. 100% NNN- corp with 14-yrs remaining.  AHI of $92K/yr in 1 mile.  NOI $558K/yr.  $6.976M. 8% cap. Brochure upon request.  
3. Walgreen’s Pharmacy in Milford, OH: 14,820 SF Walgreen’s Pharmacy built in 2004 on 1.25 ac lot along busy retail corridor and near I-275.  Great demographics: AHI $95K/yr within 3 mile in Cincinnati suburbs. 100% absolute NNN corp leased to national tenant (S&P A+) with 17+ yrs remaining. NOI $325K/yr. $4.577M. 7.10% cap.  
4. Advance Auto Parts in Brownsville, TX: 7000 SF auto parts store built in 2005 with excellent visibility along main blvd. NNN corp leased with 8+ yrs remaining on lease. NOI $110K/yr with a 10% rent increase in 2015. $1.164M. 9.5% cap. 
5. Smart & Final in Bakersfield, CA: 20,815 SF recently remodeled grocery store built in 2001 on 2.20 acres next to Hwy-99. 15-yrs absolute NNN corp lease with 4 yrs left. NOI $310K/yr. $4.134M. 7.5% cap.  
6. Jack In The Box & Krispy Kreme in Seattle, WA: 6974 SF consisting of two free-standing drive-thru buildings on 1.4 ac at a busy retail corridor. Shadow-anchored by high-performing Lowe’s and near Northwest Hospital. 100% absolute NNN ground leases (land is for sale and tenants own the buildings) to national tenants. NOI $224K/yr. with generous 12% rent bumps every 5 yrs on both leases.  $3.3M. 6.8% cap.  
7. Shopping Center in West Valley City, UT: 22,140 SF shopping center close to Pioneer Valley Hospital and Hwy-154. 96% leased. NOI $343K/yr. $4.3M. 7.98% cap.  
8. Strip Center in Avenel, NJ: 9120 SF strip center on .71 ac lot on a main artery in wealthy (AHI $98K/yr in 1-mile) New York suburbs. 88% leased to five local tenants. NOI $119K/yr. $1.55M. 7.72% cap. 
9. Retail Building in Bedford, TX: 10,127 SF retail building on .86 ac lot with excellent visibility and near Fwy-121/183 in Dallas/Ft. Worth suburbs. 100% leased to 2 national tenants: DaVita Dialysis & Ace Cash Express. NOI $93K/yr. $899K. 10.40% cap.

© Transmercial 2012

02-20: Nursery, Retail center, Car wash/Gas station, La Quinta, Rite Aid, Panera Bread

1. Calloway’s Nursery in Flower Mound, TX: 4898 SF single-tenant retail center built in 2008 on 3.23 acres lot on 6-lane road in a high-end residential area (AHI $108K/yr in 1 mile) in Dallas suburbs.  20 yrs absolute NNN corp lease till 2028 to Calloway’s Nursery (OTC: CLWY) with 19 centers and over $40M in sales.  NOI $278K/yr. with 5% rent bump in 2019. $3.25M. 8.55% cap. 
2. Retail Center in Waukegan, IL: 14,180 SF retail center built in 2005  on 1.19 ac lot across from 115,000 SF Big K in Chicago metro.  Anchored by a 9500 SF O’Reilly.  91% NNN leased to 3 tenants.  Current NOI $274K/yr. $2.825M. 9.7% cap. 
3. Car Wash and Gas Station in Burlingame, CA: 2400 SF established car wash and independent Gas station on ¼ ac lot in affluent city (AHI $138K/yr) about 4 miles from San Francisco airport.  NOI $209K/yr. $1.9M. 11% cap.  Price includes real estate and business. 
4. Office Building in San Antonio, TX: 61,643 SF single-tenant office building completed in 1993 on 7.85 ac lot.  State-of-the-art and LEED-certified facility.  100% NNN leased till 2017 to Accenture (NYSE: ACN), a global management consulting, technology services and outsourcing company. NOI $989K/yr. $9.5M. 10.4% cap. 
5. La Quinta Inn & Suites in Austin, TX: 80-room 3-story 41,226 SF La Quinta built in 2010 on 2.33 ac lot with best-in-class finishes.  NOI $505K/yr. $7.2M. 7% cap. 
6. Sonics in San Antonio, TX: 1444 SF Sonics Drive In on .65 ac lot built in 2001 on .65 ac lot.  15 yrs absolute NNN corp lease with 6 yrs left.  NOI $78K/yr. $917K.  8.5% cap. 
7. Rite Aid in Greece, NY: 13,604 SF Rite Aid built in 2008 on 1.82 ac lot in Rochester suburbs.  20 yrs absolute NNN lease with 17 yrs left.  NOI $551K/yr with 10% rent bump every 10 yrs.  $6.308M. 8.75% cap. 
8. Panera Bread in Temecula, CA: 4850 SF single-tenant retail center built in 2010 on 1.49 ac lot adjacent to the 1.14 Million Square Foot Promenade Regional Mall Featuring Macy' s, JC Penney, Sears, Costco and Forever 21. 10 yrs NNN corp lease to Panera Bread (NASDAG: PNRA).  Excellent demographics: high growth, high income area.  NOI $174K/yr. with 10% rent bumps every 5 yrs. $2.91M. 6% cap.

© Transmercial 2012

02-17: Longan's Roadhouse, REO'ed Retail center

1. Logan’s Roadhouse in Warner Robins, GA: 8060 SF steakhouse restaurant on 2.19 ac lot across from Wal-Mart, Lowe’s and Home Depot in fast growing Atlanta metro. 100% NNN corp lease with 15-yrs remaining. NOI $204K/yr with annual rent increases of CPI capped at 1.75%. $2.922M. 7% cap.
2. Bank-owned Retail Center in Aurora, IL: 23,403 SF retail center on 2.78 acres lot near 1.5 Million SF Westfield Fox Valley Mall.  Excellent demographics: fast growing Chicago suburbs with AHI of $102K/yr.   Current tenants include: highly rated Arabella Salon & Day Spa and Edible Arrangements. $2.49M.  Upside potential.
3. Retail Center in Fresno, CA: 6000 SF newly constructed retail center shadow-anchored by Foods Co./CVS Pharmacy and across from Target. 100% NNN lease to 4 tenants: Payless shoes, GameStop, Pizza restaurant and Foodco Gas Depot (gas depot on 20 yrs ground lease). NOI $142K/yr. $2.195M. 6.5% cap.
4. Strip Center in Anaheim, CA: 8280 SF well-kept strip center on .42 ac lot near Anaheim General Hospital and Disneyland. Densely populated area with over 650K residents in 5 miles. 100% leased to 5 tenants. NOI $86K/yr. $1.149M. 7.5% cap.
5. Shopping Center in Boise, ID: 20,364 SF shopping center on 1.95 ac lot next to Boise Towne Square mall and I-184. 100% NNN lease to Petco, Lacrosse Shop and Chipotle Mexican Grill. NOI $286K/yr. $4.15M. 6.9% cap.
6. Retail Center in Colorado Springs, CO: 10,700 SF retail center shadow-anchored by Albertson’s Grocery. Close to Memorial Hospital, Chapel Hills Mall and I-25. In affluent (AHI $108K/yr within 1-mile) neighborhood. 100% NNN leased to 5 tenants. NOI $206K/yr. $2.586M. 8% cap.
7. Shopping Center in Allen, TX: 38,586 SF shopping center built in 2005 at a busy corner in fast growing & high income Dallas/Ft. Worth metro.  $3.895M. NOI/Cap not disclosed.

© Transmercial 2012

02-16: Tuffy Auto Service Center, Hotel, Mixed-Use, Shopping Centers, Office building

1. Shopping Center in Beaumont, TX: 23,331 SF renovated shopping center on 4+ acres shadow-anchored by Kroger Grocery with drive-thru pharmacy. Excellent tenant mix:  Supercuts, T-Mobile, Edible Arrangements, Subway, Small Smiles and Management Advantage. NOI $289K/yr. $3.315M. 8.75% cap. 
2. Retail Center in Beaumont, TX: 12,000 SF retail center built in 1999 at a signalized intersection shadow-anchored by Kroger Grocery with drive-thru pharmacy near I-10. NOI $102K/yr. $1.175M. 8.75% cap. 
3. Shopping Center in Youngstown, OH: 120,036 SF renovated shopping center on 11.24 acres anchored by Big Lots and Aldi Supermarket. Shadow-anchored by a brand-new Wal-Mart Supercenter. 100% leased to national tenants on long term NNN leases. NOI $623K/yr. $6.965M. 8.96% cap. 
4. Tuffy Auto Service Center in Omaha, NE: 3900 SF auto repair & service center built in 2007 next to Super Target, Office Max, Hobby Lobby & Sport Authority and across from Wal-Mart Supercenter. In growing and affluent (AHI $93K/yr within 1-mile) area. 100% NNN corp lease with 16 yrs remaining on lease. NOI $119K/yr. $1.48M. 8.5% cap. 
5. Shopping Center in Missouri City, TX: 29,910 SF high-quality construction shopping center anchored by Allcare Pediatrics and across from Power Center anchored by Target & Kohl’s. High income (AHI $109K/yr) area in Houston metro. NOI $455K/yr. $6.5M. 7% cap. 
6. Hotel in San Jose, CA: 89-rooms recently renovated 3-story hotel on 1.40 ac lot close to HP Pavilion. In the center of high-tech Silicon Valley with easy access to Hwy-87. Average 80% occupancy. $11M.  
7. Shopping Center in Medford, OR: 24,122 SF attractive shopping center adjacent to Winco Supermarket anchored Shopping Center and next to I-5. 76% NNN leased. Actual NOI $131K/yr. $1.65M. 8% cap. Upside potential when 100% leased. 
8. Retail/Office in Mineola, NY: 45,000 SF mixed-use building on .62 ac lot close to Winthrop University Hospital & in prosperous (AHI $102K/yr) New York metro. 100% leased. NOI $446K/yr. $5.1M. 8.75% cap. 
9. Office Building in Salem, OR: 28,430 SF Class-A 2-story office building on 1.79 ac lot in a growing area. 100% NNN leased to CGI Technologies and Solutions, Diesel Brewing, LLC and Oregon Health Insurance Exchange Corp. NOI $414K/yr. 4.8M. 8.63% cap.

© Transmercial 2012