05-24: Burger King, Dollar General, KFC, Denny's, Office Building

1. Burger King in Countryside, IL: 3526 SF Burger King fast food restaurant built in 2009 on 1+ ac outparcel to Country Plaza Center anchored by The Home Depot, Best Buy, PetSmart, Jo-Ann Fabrics and Office Depot. Along main retail corridor in high income Chicago metro. Tenant has been at this location for over 20 yrs. 20 yrs corp ground lease (you own the land and tenant owns the building). NOI $91K/yr. with 82% (yes, that’s correct) rent increase in 1^st option. $1.407M. 6.50% cap. 
2. Retail Center in Hollywood, FL: 15,197 SF recently renovated retail center on 2.27 ac lot in densely populated North Miami metro.  Close to Memorial Hospital Pembroke and Hwy-817. 100% NNN leased. NOI $162K/yr. $1.895M. 8.60% cap.  
3. Dollar General in Dallas, TX: brand new 9026 SF retail building on 1+ ac lot next to Fwy-175. New 15 yrs NNN corp lease. NOI $96K/yr. with a rent increase in year 11. $1.331M. 7.25% cap.  
4. KFC in Burbank, CA: 1504 SF free-standing restaurant built in 2000 near Burbank Airport in a densely populated area with almost 500K residents within 5 miles. New 15 yrs absolute NNN lease to 2^nd largest franchisee with 237 locations. NOI $84K/yr. with 5% rent increases every 5 yrs. $1.3M. 6.47% cap. 
5. Denny’s in Grand Prairie, TX: 5241 SF sit-down family restaurant built in 2005 on 1.33 ac lot with excellent visibly and next to I-20. At high income Fort Worth/Dallas suburbs. 20 yrs absolute NNN lease to strong franchise with 52 units and net worth of $11M. NOI $118K/yr with 10% rent increases every 5 yrs. $1.659M. 7.15% cap.  
6. Retail Center in Massapequa, NY: 8500 SF 9-unit retail center on .25 ac lot in affluent (AHI $114K/yr) coastal city in New York metro. 100% leased. NOI $280K/yr. $3.5M. 8% cap.  
7. Office Building in Cary, NC: 27,500 SF Class-A two-story office building with elevator constructed in 1999 on 2.40 ac lot anchored by Crescent State Bank in high income Raleigh suburbs. NOI $272K/yr. $3.4M. 8% cap. 
8. Strip Center in Richland, WA: 14,222 SF strip center built in 2006 on 2+ ac lot close to Columbia Center Mall in affluent (AHI $104K/yr) neighborhood. Tenant include: Bonefish Bar & Grill, Red Wing Shoes, Papa John’s Pizza, American Family Insurance, Euphoria Salon/Spa, Entrees Made Easy and Wing Stop. 100% NNN leased. NOI $263K/yr. $3.65M. 7.22% cap.

© Transmercial 2012

05-23: Tuffy Auto Service, Red Robin, MOB, Neighborhood Center

1. Shopping Center in Round Lake Beach, IL: newly constructed shopping center consisting of 7516 SF Firestone on 20 yrs ground lease and 14,086 SF retail center anchored by Chipotle, Starbucks and T-Mobile and across from Round Lake Beach Metra Train Station. At signalized intersection along Route-83 in well-off Chicago metro. 100% NNN leased. NOI $472K/yr. $6.285M. 7.51% cap. 
2. Tuffy Auto Service Center in Hammond, IN: 6160 SF auto service center at a signalized intersection in densely populated Chicago metro. 20 yrs NNN lease with 10 yrs left to Tuffy Auto, a regional tenant. NOI $100K/yr. with 1.75% annual rent increases. $1M. 10.03% cap. 
3. Red Robin in Florence, KY: 5600 SF Red Robin restaurant built in 2009 on 1.67 ac lot close to St. Luke Hospital West, Florence Mall and I-75 in fast growing Cincinnati suburbs. 100% absolute NNN ground lease with 13+ yrs left. NOI $118K/yr. with 10% rent bumps every 5 yrs. Next increase in 2/15. $1.815M. 6.50% cap. 
4. Retail Center in Cary, NC: 17,000 SF well-maintained nine units retail center on 1.69 ac corner lot in high income Raleigh metro. 92% NNN leased with only 1 vacant unit. NOI $192K/yr. $2.329M. 8.25% cap. 
5. Neighborhood Center in Hollywood, FL: 37,802 SF prestigious shopping center built in 1992 on 3.57 acres lot anchored by Walgreens next to Broward County Southern Regional Courthouse. 95% leased to credit and stable tenants. NOI $743K/yr. $10M. 7.43% cap. 
6. MOB in Plantation, FL: 13,556 SF Class-B medical office building constructed in 1990 anchored by DaVita Dialysis (NYSE: DVA) and LabCorp (NYSE: LH).  Near Westside Regional Hospital in Fort Lauderdale suburbs. $3.45M. NOI/Cap not provided. 
7. Retail Center in Knoxville, TN: 10,836 SF retail center built in 2007 at busy thoroughfare with good local tenant mix. 71% leased.  $1.2M. NOI/Cap not provided. 
8. Office Building in Westminster, CO: 42,533 SF multi-story office building between Westminster Mall and Costco in upper middle-class Denver suburbs. 80% leased. NOI $285K/yr. $3.565M. 8% cap. Upside potential.

© Transmercial 2012

05-22: Carls's Jr. Burger King, Wendy's, Office Buildings, Shopping Centers

1. Carl’s Jr. in Queen Creek, AZ: brand new 3000 SF fast food restaurant on 1 ac outparcel to Wal-Mart Supercenter in fast growing Phoenix suburbs. 20 yrs NNN lease to strong franchisee with 138 units. NOI $200K/yr. $2.5M. 8% cap.  
2. Burger King in Chesapeake, VA: 3958 SF Burger King on .98 ac lot at busy corner location and across from Chesapeake Regional Medical Ctn. In upper middle-class (AHI $87K/yr in 3 miles) Norfolk suburbs. 20 yrs absolute NNN lease with 15 yrs left. NOI $121K/yr with 10% rent increases every 5 yrs. $1.792M. 6.75% cap.  
3. Office Building in Southlake, TX: 16,975 SF attractive office building built in 1999 on nearly 2 ac lot at densely retail corridor close to Baylor Regional Med Center-Grapevine and Hwy-114. In growing and affluent (AHI $132K/yr in 3 miles) Dallas metro. 80% NNN leased. NOI $240K/yr. $2.4M. 10% cap.  
4. Shopping Center in Clinton, UT: 34,816 SF shopping center consisting of three buildings shadow anchored by Maceys grocery store and across from Lowe’s, Kohl’s and Wal-Mart anchored centers. In growing and upper middle-class Salt Lake City suburbs. 100% NNN leased. NOI $435K/yr. $5.5M. 8% cap. 
5. Wendy’s in Bossier City, LA: 3032 SF free-standing restaurant built in 2004 on .90 ac lot between Hwy-80 and I-20 in Shreveport suburbs. 10 yrs NNN corp lease. NOI $72K/yr with 10% rent bump in year six. $1.115M. 6.50% cap. 
6. Strip Center in Mount Laurel, NJ: 14,060 SF well-maintained strip center on over 1 ac lot at main retail corridor in high income (AHI $106K/yr) Philadelphia suburbs. All tenant face main road. Tenants include: Dunkin’ Donuts, Liberty Safes, Singapore Restaurant, Batteries Plus and West Marine. 100% NNN leased. NOI $222K/yr. $2.9M. 7.66% cap. 
7. Shopping Center in Lincolnwood, IL: 26,392 SF shopping center anchored by CVS Pharmacy with excellent visibility in affluent  Chicago metro (AHI $128K/yr. within 1 mile) . $8M.  
8. Retail Center in Arlington, TX: 22,341 SF well-maintained retail center at hard corner location and across from Wal-Mart in middle-class Dallas/Fort Worth metro. 100% leased to 14 stable tenants. NOI $269K/yr. $2.995M. 9% cap.  
9. Office Building in San Antonio, TX: 63,372 SF newly constructed three-story class-A office building next to Loop 1604 in prosperous ($153K/yr) neighborhood. 91% leased. 8.50% cap. NOI/Price not disclosed. 

© Transmercial 2012

05-21: Sun National Bank, Walgreens, Office Buildings, MOB's, Retail Center

1. Sun National Bank in Pennington, NJ: 6758 SF Sun National Bank on .58 ac lot at a hard corner location. In affluent (AHI $147K/yr within 3 mile radius) Philadelphia suburbs. 100% absolute NNN lease with 4+ yrs left to a publicly-traded bank (NYSE:  SNBC) with 70 locations in NJ. Tenant has been at this location since 2002. NOI $89K/yr. $1.050M. 8.50% cap.  
2. Office Building in Killeen, TX: 18,000 SF Class-A all brick multi-tenant office building constructed in 2000 at major thoroughfare.  High income area.  90% leased with long term tenants. NOI $200K/yr. $2.5M. 8% cap.  
3. MOB in Phoenix, AZ: 4500 SF medical office building constructed in 1991 on .75 ac lot across from Desert Sky Mall and near Banner Estrella Medical Center. 100% NNN leased with 7 yrs left to CareMore Medical. NOI $71K/yr. with rent bumps.  $950K. 7.50% cap.  
4. Walgreen’s in Kennesaw, GA: 13,600 SF Walgreens pharmacy on 15 ac corner lot close to I-575. In wealthy Atlanta suburbs (AHI $100+K/yr). 100% NNN lease with 17+ yrs left. NOI $313K/yr. $4.485M. 7% cap. Buyer to assume loan at low 5.68% rate.
5. Shopping Center in Camarillo, CA: 74,600 SF beautiful well-maintained shopping center on 8.54 ac lot with Hwy 101 frontage and close to Camarillo Premium Outlets. Anchored by new The International Market grocery store.  In growing and affluent (AHI $107K/yr in 3 mile) Southern CA City. 94% NNN leased. NOI $1.373M. 8.07% cap.  
6. Office Building in Louisville, CO: 62,219 SF newly constructed multi-tenant office building on 5.35 acres of land in affluent Denver metro with AHI $134K/yr. 100% NNN leased to three quality tenants. NOI $785K/yr. $9.82M. 8% cap.  
7. MOB in San Lois Obispo, CA: 5000 SF single-tenant medical office building close to Sierra Vista Regional Med Ctr and Fwy-101. 100% NNN leased. NOI $105K/yr. $1.75M. 6% cap.  
8. MOB in Columbus, GA: 20,417 SF Class-A medical office building on 2 ac lot close to I-185.  96% NNN leased. NOI $272K/yr. $3.495M. 7.79% cap.  
9. Retail Center in Durham, NC: 14,036 SF well-kept 7-unit retail center on 2.50 ac lot next to I-85. 100% NNN leased. NOI $165K/yr. $1.95M. 8.50% cap.

© Transmercial 2012.

05-18: Burger King, Wendy's, REO's, Memphis BBQ Restaurant

1. Burger King in Bartlesville, OK: 3586 SF Burger King built in 1994 on 1.39 ac lot at a high traffic location (25,829 CPD) near Jane Philips Medical Center and Eastland Shopping Center. 100% absolute NNN  lease with 18½ yrs left to an operator with 26 units. NOI $81K/yr with 1.75% annual rent increases. $1.261M. 6.50% cap. 
2. Retail Center in Lake Mary, FL: 47,434 SF Class-A retail center built in 2003 on 3.60 ac lot close to Seminole Towne Center and next to I-4. At one of the most affluent (AHI $128K/yr) neighborhood in Orlando suburbs. 80% leased. 8.50% cap. Price/NOI not disclosed.  
3. Strip Center in Vacaville, CA: 7990 SF well maintained strip center on 1.45 ac lot next to 99¢ Store and close to I-80. At great quiet neighborhood in growing well-off (AHI $ 91K/yr in 3 miles) town just southwest of Sacramento. 100% leased. NOI $130K/yr. $1.5M. 8.70% cap.  
4. Wendy’s in Portage, MI: 3,378 SF Wendy’s restaurant on 1.49 ac lot in a stable town. Demographics: upper middle-class Kalamazoo suburbs. New 15 yrs absolute NNN lease. NOI $114K/yr with 1.5% annual rent bumps starting in yr 6 through 15. $1.572M. 7.25% cap.  
5. REO’ed Retail Center in North Riverside, IL: 9922 SF bank owned retail center built in 2004 on .68 ac lot anchored by Dunking Donuts and Baskin Robbins. Near Loyola University Medical Center in Chicago suburbs. NNN leases. Current NOI $67K/yr. $900K. 7.5% cap. Upside potential.  
6. REO’ed Retail Center in Tinley Park, IL: 29,493 SF attractive bank owned retail center on 3+ ac lot across from Metro Station. At a signalized corner in high income Chicago metro. 74% NNN leased. NOI $193K/yr. $2.34M. 8.25% cap. 
7. Strip Center in Kennesaw, GA: 14,160 SF retail center on 1.86 ac lot in fast growing and well-off Atlanta suburbs. Tenants include: restaurant, cleaners, pizza shop, barber, nail salon, hair salon, gift store, shoe store and alterations shop. 92% leased with only one vacant unit. $2M.  
8. Retail Center in Suwanee, GA: 12,125 SF retail center on 1.85 ac lot across from The Home Depot and near I-85. In growing and affluent (AHI $117K/yr in 1 mile) area northeast of Atlanta. 90% leased. $2.2M. NOI/Cap not provided.  
9. Retail Building in South Gate, CA: 9450 SF well-maintained retail center on 1+ ac lot at a hard corner location in a growing city south of Los Angeles. 80% leased. NOI $246K/yr. $2.899M. 7% cap. 
10. Restaurant in Las Vegas, NV: 3900 SF free-standing restaurant on .52 ac lot at busy corridor and next to Nellis Air Force Base. Tenant has been at this lotion since 1995. New 20 yrs absolute NNN lease to Memphis BBQ. NOI $109K/yr. $1.409M. 7.75% cap.

© Transmercial 2012