09-21: AutoZone, Walgreens, Michaels, Office Building, Shopping Center

1. AutoZone in Aurora, IL: 5360 SF AutoZone built in 2002 on .73 ac lot in Chicago suburbs.  100% absolute NNN corp ground lease till 2023 (Land is for sale, tenant owns the building).  NOI $59K/yr with 6% rent bumps every 5 yr option.  $960K. 6.15% cap.  
2. Walgreens in Las Vegas, NV: 15120 SF drug store built in 2001 on over 2 ac corner lot in high income area. 100% NNN- till 2020.  NOI $322K/yr. $4.35M. 7.4% cap.  
3. Walgreens in Hayward, CA: 15120 SF drugstore built in 2000 on 1.5 ac lot in middle-class San Jose metro.  100% NNN- till 2025.  NOI $425K/yr with rare 10% rent bump in 2025. $7.083M. 6% cap.  
4. Office Building in Irvine, CA: 9900 SF 2-story multi-tenant office building constructed in 2003 in high growth, high income Orange county.  Easy access to I-5 and I-405.  100% leased.  NOI $252K/yr. $2.97M. 8.5% cap.  
5. Michaels in Kansas City, MO: 22,810 SF single-tenant retail center as a part of 1M SF mixed-use Rosa Zona development in fast growing & high income area.  New 10 yrs NNN lease to Michaels Arts & Crafts.  NOI $316K/yr. with rent bump in 5 yrs. $3.95M. 8% cap.  
6. Shopping Center in Hercules, CA: 25,144 SF inline shopping center in high growing and high income San Fran suburbs.  Shadow anchored by Home Depot and Big Lots.  88% leased.  Tenants include Bank of America, US Post Office, The UPS Store, and Round Table Pizza. NOI N/A.  $7.5M.

© Transmercial 2012

09-20: Gold's Gym, MOB, In-Line Centers, Shopping Centers

1. Shopping Center in Corona, CA: 20,000 SF shopping center built in 2005 on 2.56 ac lot at a signalized location in high income Riverside suburbs. Across from Walgreens and near to Vons Grocery anchored center. 93% NNN leased. NOI $552K/yr. $6.99M. 7.90% cap.
2. Gold’s Gym in Tacoma, WA: 69,546 SF fitness center on 4+ ac lot next to Costco and near I-5. Remodeled in2007.  New 15-yrs NNN lease with personal & franchise guarantee. NOI $1.13M/yr. $13.7M. 8.25% cap.
3. Retail Center in Hudson, WI: 17,000 SF retail center built in 2005 on nearly 2 acres of land in affluent (AHI $102K/yr in 3 mile radius) St Paul/Minneapolis suburbs.  Close to Hudson Hospital & Clinics and I-94. 100% NNN leased. NOI $252K/yr. $2.55M. 9.90% cap.
4. Neighborhood Center in Austin, TX: 81,301 SF well maintained shopping center anchored by Austin Regional Clinic and Planet Fitness. Big monument signage on site. 94% NNN leased. NOI $967K/yr. $10.75M. 9% cap.
5. In-Line Cerner in Chico, CA: 11,120 SF 9-unit in line retail center on 2 ac outparcel to Safeway supermarket in a growing city in Northern CA. Close to North Valley Plaza Mall and Hwy-99. 68% NNN leased. NOI $82K/yr. $1.1M. 7.53% cap.
6. Retail Center in Beaverton, OR: 27,570 SF well maintained retail center consisting of three buildings on 2.45 ac lot anchored by 7-Eleven. In prosperous (AHI $115K/yr in 1 mile) Portland suburbs. 96% NNN leased. NOI $496K/yr. $6.65M. 7.47% cap.
7. MOB in Prescott, AZ: 9222 SF medical office building constructed in 1998 on .88 ac lot across from Yavapai Regional Medical Center. 82% leased. NOI $168K/yr. $1.475M. 7.20% cap.
8. Shopping Center in Springfield, OH: 12,600 SF shopping center built in 2009 next to Hwy-68. Between Wal-Mart Supercenter and The Home Depot. In upper middle class Dayton outskirts. 100% NN leased. NOI $195K/yr. $2.5M. 7.81% cap.

© Transmercial 2012

09-19: Office Building, Strip Center, Rite Aid, Big O tires, Office Depot

1. Office Building in Brookfield, WI: 45,479 SF 3-story multi-tenant office building on 3.45 ac lot in affluent Milwaukee suburbs with AHI of $153K/yr in 1 mile.  83% leased.  NOI $265K/yr. $2.7M. 9.3% cap.  
2. Strip Mall in Norfolk, VA: 7181 SF strip center built in 2007 next to Military Circle Mall.  100% leased.  NOI N/A. $1.65M.  
3. Rite Aid in Elk Grove, CA: 17,272 SF drug store built in 2010 on 2.5 ac lot in high income (AHI $97K/yr), high growth Sacramento metro. 20 yrs NNN lease with minimal landlord responsibilities. NOI $596K/yr. $7.946M. 7.5% cap. 
4. Big O Tires in Queen Creek, AZ: 6712 SF auto service center built in 2011 on 1.09 ac lot in upper middle class area in Phoenix suburbs with explosive growth.  100% absolute NNN lease till 2031.  NOI $153K/yr.  with 10% rent bumps every 5 yrs.  $2.186M. 7% cap.  
5. Office Depot in Mesquite, TX: 22,500 SF Office Depot on 2.18 ac lot in Dallas metro.  Near Town East Mall and visible from I-635.  10 yrs absolute NNN corp lease. NOI $247K/yr. $3.132M. 7.9% cap.

© Transmercial 2012

09-18: Carinos Italian Grill, Earth Fare Supermarket, CVS, Advance Auto Parts, Fresenius, DaVita, Value Village

1. Carino’s Italian Grill in Katy, TX: 5349 SF Italian restaurant remodeled in 2007 on 1.47 ac lot in fast growing Houston suburbs. At a hard corner location along I-10. 15 yrs absolute NNN l corp lease with 4 yrs left to Carino’s with 170 locations.  NOI $129K/yr with percentage rent. Store with strong sales revenue of $2.89M/yr. $1.667M. 7.75% cap.
2. Retail Center in Eau Claire, WI: 15,183 SF attractive retail center on 2.22 ac outparcel to Festival Foods grocery. Close to Oakwood Mall and Hwy-93/53. Tenants include: Famous Dave's, Northwestern Bank, Little Caesars, Clearwater Chiropractic, Scottrade Inc., and Weight Watchers. 100% NNN leased. NOI $231K/yr. $3M. 7.71% Cap.
3. Earth Fare Supermarket in Huntersville, NC: 24,989 SF attractive single tenant building constructed in 2011 on 3+ ac lot in affluent (AHI $105K/yr) Charlotte suburbs. Near Presbyterian Hospital and I-77. 100% NNN lease with 19 yrs left to one of the largest natural and organic food retailers in the nation. NOI $393K/yr with $.50/SF every 5 yrs. $5.428M. 7.25% cap.
4. DaVita in Valparaiso, IN: 6316 SF DaVita Dialysis center close to Porter Valparaiso Hospital in growing Porter county. 10 yrs NNN lease with 7 yrs left. NOI $124K/yr. $1.512M. 8.25% cap.
5. Retail Center in Memphis, TN: 17,150 SF well maintained retail center built in 2004 on 1.60 ac lot adjacent to Walgreens. All tenants face main road. 85% leased with good tenant mix. NOI $189K/yr. $2M. 9.45% cap. Upside potential.
6. CVS in Lawrenceville, GA: 10,125 SF CVS Pharmacy at a hard corner location in front  of Discover Mills Mall and I-85 in affluent Atlanta metro (AHI $92K/yr in 1 mile). 100% NNN ground lease (land is for sale, tenant owns the building). NOI $148K/yr. $2.126M. 7% cap.
7. Advance Auto Parts in Kenosha, WI: 7000 SF Advance Auto Parts on 2.38 ac lot adjacent to new Walgreens. Tenant has been at this location since 2004. 15 yrs NNN lease with 7+ yrs left. NOI $98K/yr. $1.268M. 7.75% cap.
8. Fresenius Medical Center in Baytown, TX: 7194 SF brand new dialysis center on over 1 ac lot across from San Jacinto Regional Mall and near San Jacinto Methodist Hospital.  High income area in Houston suburbs. 12 yrs NNN- corp lease. NOI $126K/yr with 12% rent bump in yr 7. $1.742M. 7.25% cap.
9. Value Village in Burien, WA: 22,500 SF discount store on 1.61 ac lot in Seattle suburbs. Across from 92,000 SF center anchored by Albertsons and Trader Joes. Close to Hwy-509. 100% NNN lease with 7 yrs left. NOI $208K/yr with a rent increase in 2014. $2.45M. 8.49% cap.
10.  Shopping Center in Jacksonville, FL: 35,200 SF shopping center built in 2000 on 2+ ac lot along main retail corridor and near Hwy-9A. Across from Florida State College-South. 100% NNN leased. NOI $350K/yr. $4.125M. 8.5% cap.

© Transmercial 2012

09-17: MOB, Mixed-use, Anchored Shopping Centers, Retail Centers

1. MOB in Houston, TX: 21,600 SF medical office plaza built in 2006 on 2.77 ac lot anchored by Texas Children Pediatrics. Next to Hwy-90. 100% NNN leased to medical & dental tenants. NOI $338K/yr. $3.375M. 10.04% cap.
2. Medical/Retail Center in Arlington, TX: 17,674 SF mixed-use center built in 2006 on 1.9 ac lot in fast growing Dallas/Fort Worth suburbs. At a busy thoroughfare, next to CVS, across from Walgreen’s and close to I-20. 93% NNN leased to medical and retail tenants. NOI $235K/yr.  $2.5M. 9.41% cap.
3. Retail Center in Eagan, MN: 9723 SF retail center on 1.61 ac lot on/off ramp Hwy-55 in affluent (AHI of $130K/yr) St. Paul/Minneapolis metro. 87% NNN leased. NOI $132K/yr. $1.55M. 8.52% cap.
4. Retail Center in Lithonia, GA: 17,804 SF attractive retail center on 1.72 ac outparcel to Lowe’s and Wal-Mart in fast growing Atlanta metro. Across from Publix anchored center and near I-20. 100% NNN leased to credit, regional and local tenants. NOI $382K/yr. $4.5M. 8.50% cap.
5. MOB in Littleton, CO: 19,247 SF Class B medical office building on 2+ ac lot in high income Denver suburbs. Recent upgrades include: exterior/interior paint, travertine tile in the entrance, lighting, bathrooms, monument sign and more. 100% leased to 15 tenants with mostly NNN leases. NOI $246K/yr. $3.075M. 8.01% cap.
6. Retail Center in Pearland, TX: 8000 SF retail center built in 2004 on .88 ac outparcel to The Home Depot in prosperous Houston suburbs with an AHI of $129K/yr in 1 mile. Across from Walgreens and near Wal-Mart Supercenter. 100% leased to 6 tenants including Navy Career Center, The Fish Place, T-Mobile, Donuts Delight, Game Stop, and Cricket Wireless. NOI $157K/yr. $1.87M. 8.48% cap.
7. Shopping Center in Castaic, CA: 30,223 SF shopping center built in 2007 on 3.55 ac lot in growing (32.18% pop growth) and high income (AHI $107K/yr within 3 mile radius) Los Angeles county.  Next to I-5 exit. 73% NNN leased. Tenants include: O’Reilly Auto, Starbucks, El Pollo Loco, Popeyes.   NOI $473K/yr. $5.5M. 8.60% cap. Upside potential when fully leased.
8. Strip Center in Norwalk, CA: 9544 SF strip center at a corner location near I-5. 100% NNN leased to 5 tenants: City Bank, Orthopedic, Farmers Insurance, Mind's Eye and Donut Shop. NOI $160K/yr. $1.999M. 7.5% Cap.

© Transmercial 2012