03-06: Jack in the Box, MOB, REO'ed Center, Mix-Used Center, Hooters, Strip Center

1. Jack in the Box in Plano, TX: 2747 SF fast food restaurant built in 1992 on .56 ac lot at a major retail corridor & facing US-75 in Dallas/Fort Worth suburbs. Adjacent to Collin Creek Mall. 100% NNN corp lease with 4+ yrs left. Tenant has been here since 1992. NOI $70K/yr. with 5% rent bump in 5 yrs option.  $1.084M. 6.5% cap.
2. Retail Center in Indianapolis, IN: 32,832 SF Class-A retail center with strong architectural appeal at a signalized intersection in high income area. Close to Castleton Square Mall and I-465.  100% leased to long term tenants. NOI $468K/yr. $5.7M. 8.22% cap.
3. Shopping Center in Glendale, AZ: 33,186 SF consisting of four attractive retail buildings constructed in 2004 on 3 ac lot in growing and affluent (AHI $117K/y in 1 mile) Phoenix suburbs. Off/on ramp of Hwy-101. 96% NNN leased. NOI $740K/yr. $9.96M. 7.44% cap.
4. MOB in McAllen, TX: 10,080 SF newly constructed medical center on 1.31 ac lot along Hwy-83. 10 yrs NNN lease to Columbia Rio Grande Healthcare. NOI $262K/yr. with 2% annual rent bumps.  $3.882M.  6.5% cap.
5. REO’ed Neighborhood Center in Roswell, GA: 87,564 SF bank-owned retail center on 10+ acres of land at a major retail corridor in affluent Atlanta metro. 71% leased.  NOI $406K/yr. $4.9M. 8.30% cap.
6. Mix-Used Center in Henderson, NV: 17,398 SF retail/office center built in 1999 on 2+ ac lot in Las Vegas suburbs. Near Galleria at Sunset and near Hwy-95. 100% NNN leased. NOI $280K/yr. $3.5M. 8% cap.
7. Shopping Center in Milpitas, CA: 48,468 SF well maintained shopping center on 4.30 ac lot at a highly visible location in high income (AHI of $114K/yr in 1 mile radius) San Jose suburbs. Off/on ramp of I-680. NNN leases.  Proforma NOI $1.141M/yr. $16.3M. 7% proforma cap.
8. Hooters in Evansville, IN: 7295 SF Hooters Restaurant in upper middle-class area. Close to Washington Square and St Mary’s Medical Center. New 20 yrs absolute NNN corp lease. NOI $224K/yr with 10% rent bumps every 5 yrs. $2.99M. 7.50% cap.
9. Strip Center in Murrells Inlet, SC: 10,800 SF retail center built in 2004 on .79 ac lot in a growing and high income coastal city South of Myrtle Beach. Across from Inlet Square Mall. 100% NNN leased. NOI $117K/yr. $1.25M. 9.36% cap.
10. Retail Center in Seekonk, MA: 5560 SF well kept retail center on .87 ac lot in high income Providence metro. 76% NNN leased. NOI $80K/yr. $950K. 8.50% cap.

© Transmercial 2013

03-05: Big Lots; OSH, Jack in the Box, Arizona's Steakhouse Restaurant, Merlin Muffler

1. Retail Center in Fayetteville, GA: 11,000 SF retail center at a signalized corner location in fast growing and high income (AHI $91K/yr) Atlanta metro. Across from Fayette Pavilion, a 1,529,440 SF Regional Power Center. 100% leased to credit tenants. NOI $190K/yr. $1.9M. 10% cap.
2. Big Lots (S&P BBB-) in Whittier, CA: 35,000 SF big box retail building constructed in 1992 on 3.59 ac lot along main retail corridor in densely populated city in Los Angeles. Across from a power center anchored by TJ Maxx, Ralph’s, Michaels and Ross Dress For Less. 100% NNN corp lease to national tenant with 5 yrs left. NOI $455K/yr. $6.512M. 7% cap.
3. Orchard Supply Hardware in Antioch, CA: 42,983 SF single tenant retail building constructed in 2002 on 3.66 ac lot in high income (AHI $109K/yr in 1 mile) and stable city Northeast of San Francisco.  Next to Walmart. 100% NNN leased with 5 yrs left. NOI $625K/yr. $9.2M. 6.79% cap.
4. Retail Center in Windsor, CA: 14,210 SF retail center built in 2002 on 1.41 ac outparcel to Wal-Mart, Home Depot and Office Depot and next to Hwy-101. High income & stable town just North of San Francisco.  100% leased. NOI $352K/yr. $4.85M. 7.27% cap.
5. Strip Center in Kissimmee, FL: 5680 SF attractive strip center on .13 ac lot in growing Orlando suburbs. 100% NNN leased. NOI $131K/yr. $1.426M. 9.25% cap.
6. Shopping Center in Augusta, GA: 21,000 SF attractive shopping center built in 2005 on 1.43 ac lot in high income area. Part of a power center with Target, Pets Mart, Bed Bath & Beyond, Michaels, and HHGregg. Close to 350-bed Doctors Hospital of Augusta and I-520/20.  Credit tenant include: Panera Bread, Verizon Wireless and Mattress Firm. 100% leased. NOI $676K/yr. $8.7M. 7.78% cap.
7. Retail Center in Phoenix, AZ: 18,009 SF retail center built in 2008 on 2+ ac lot across from Desert Sky Mall. 83% NNN leased. $2.6M. NOI/Cap not disclosed. Just over $144/SF.
8. Jack In The Box in Ontario, CA: 2,030 SF fast food restaurant on .34 ac lot in San Bernardino County. Off/on ramp of I-10. Tenant has been at this location for over 35 yrs.  Newly executed 10 yrs NNN lease. NOI $70K/yr with 8% rent increase after 5^th yr. $1.4M. 5% cap.
9. Arizona’s Steakhouse Restaurant in Lithonia, GA: 6,442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall near I-20 exit in fast growing Atlanta suburbs.  Tenant with 4 Arizona’s + 11 Travina Italian Restaurants. 100% NNN leased with 10 yrs left. NOI $246K/yr. with 2% annual rent bump. Price reduced to $3.1M. 7.94% Cap.  Tenant’s P&Ls showing profitable business will be available.
10. Merlin Muffler in Elgin, IL: 3312 SF well maintained auto center on .42 ac lot at busy corridor in Chicago suburbs. 100% NNN corp lease with 7 yrs left. NOI $63K/yr with next rent increase in 2015. $749K. 8.51% cap. 

© Transmercial 2013

03-04: KFC, Wendy's, IHOP, Wells Fargo, MOB, Petsmart

1. Retail Center in Richardson, TX: 21,700 SF retail center with US Hwy 75 frontage in wealthy Dallas suburbs.  100% NNN leased to 2 tenants: 14,400 SF International Suit Wearhouse and 7,300 SF Liberty Dialysis (owned by Fresenius).  NOI $347K/yr. $4.21M. 8.25% cap. 
2. KFC/Taco Bell in Bartlett, IL: dual-branded KFC/Taco Bell on ¾ ac outparcel to Home Deport in affluent Chicago suburbs (AHI $131K/yr in 1 mile).  Long term NNN corp ground lease (land is for sale).  NOI $87K/yr. with 2% annual rent bumps. $1.45M. 6% cap. 
3. IHOP Restaurant in Albuquerque, NM: 4195 SF 24-hr IHOP restaurant on 1.2 ac lot within the 600,000 SF Cottonwood Corner Community Center anchored by Kohl's, Sam' s Club, Best Buy, Michaels, Office Max.  100% absolute NNN corp lease with 8 yrs left.  NOI $181K/yr with 1% annual rent bump. $2.264M. 8% cap. 
4. Wendy’s in Tucker, GA: 2844 SF Wendy’s on ¾ ac high income Atlanta metro.  100% NNN lease with 12 yrs left to an operator with 58 units.  NOI $89K/yr with 1.5% annual rent bumps.  $1.1215M. 7.36% cap. 
5. Office Building in Long Beach, CA: 35,701 SF 3-story single-tenant office building on 1.14 ac lot with easy access to I-405 in high income area (AHI $101K/yr in 1 mile).  100% leased to City of Long Beach till 2018 (Moody's Rated Aa2).  Tenant has been here for 16 yrs and has extended lease 4 times.  NOI $525K/yr. $6.775M. 7.75% cap. 
6. MOB in Vero Beach, FL: 10,000 SF class-A medical office building consisting of 2 medical offices and 6500 SF Surgical Center.  Current sellers will sign NNN leases at closing with NOI of $231K/yr.  $2.887M. 8% cap. 
7. Wells Fargo in Lithonia, GA: 5400 SF Wells Fargo bank (S&P AA- rating) built in 2007 on 1.88 ac lot with highway frontage.  20 yrs NNN ground lease (land is for sale) with 14+ yrs left.  NOI $110K/yr with 15% rent bumps every 5 yrs.  $2.21M. 5% cap. 
8. Petsmart in Fredericksburg, VA: 20,140 SF single-tenant PetsMart in a Target anchored shopping center next to I-95 with 195,000 vehicles per day in high-growth , high income Washington DC suburbs.  100% NNN lease with 6 yrs left.  NOI $412K/yr. $5.504M. 7.5% cap.

© Transmercial 2013

03-01: Family Dollar, Goddard School, The Learning Experience

1. Retail Center in Denton, TX: 19,416 SF retail center built in 2008 on 1.89 ac lot in growing city just North of Dallas/Fort Worth. Close to Denton Regional Medical Center, North Texas Hospital and I-35E. 100% NNN leased to 7 tenants. NOI $404K/yr. $4.275M, 9.45% cap.  
2. Family Dollar in Richland Hills, TX: 8000 SF newly constructed Family Dollar store on .88 ac lot in fast growing and middle-class Dallas suburbs. 10 yrs NNN- corp lease. NOI $107K/yr. $1.431M. 7.50% cap.  
3. Community Health Systems in Las Cruces, NM: brand new 7407 SF walk-in health center on .69 ac lot at busy corridor and close to I-10. New 10 yrs NNN lease to strong tenant. NOI $192K/yr with 1.5% annual rent increases. $2.693M, 7.15% cap.  
4. Goddard School in Indianapolis, IN: 8,120 SF day care facility built in 2001 on 1+ ac lot bounded by mostly residential neighborhoods in affluent (AHI $140K/yr) area. 100% NNN lease with 3 yrs left. NOI $142K/yr. $1.492M. 9.52% cap.  
5. REO’ed Retail Center in Riverside, CA: 11,306 SF L-shaped well maintained retail center on .78 ac corner lot across from Kaiser Permanente Riverside. Near Galleria at Tyler Mall and Hwy-91.  87% leased. NOI $157K/yr. $1.895M. 8.30% cap. 
6. Retail Center in Voorhees, NJ: 39,773 SF newly renovated retail center on 1.31 ac lot in high income (AHI $93K/yr in 3 miles) Philadelphia suburbs. Close Voorhees Town Center. 89% leased. $4.5M. NOI/Cap not disclosed.  
7. The Learning Experience in Huntersville, NC: 11,000 SF childcare center built in 2010 in fast growing (100.58% pop growth since 2000) and well-off (AHI $122K/yr in 1 mile) Charlotte suburbs. 15 yrs NNN- corp lease with 12+ yrs left. NOI $275K/yr with 10% rent bumps every 5 yrs. $2.75M, 10% cap.  
8. Strip Center in Cedar Rapids, IA: 11,250 SF strip center built in 2004 outparcel to Walmart supercenter.  Across from Westdale Mall. 92% NNN leased with 1 vacant unit. $1.275M. NOI/Cap not disclosed.

© Transmercial 2013

02-28: MOB, Tires Plus, CVS, Shopping Centers

1. Shopping Center in Strongsville, OH: 40,545 SF shopping center on 4.8 ac lot at a signalized corner location in high income (AHI $97K/yr in 1 mile) Cleveland suburbs. Anchored by 16,800 SF Regos Brothers Supermarket. 82% NNN leased. Actual NOI $329K/yr. $3.485M. 9.45% actual cap. 
2. MOB in Denton, TX: 5575 SF single tenant urgent medical center built in 2007 on 1+ ac lot in fast growing Dallas/Fort Worth metro. Near 208- bed Denton Regional Medical Center, North Texas Hospital and off ramp I-35E. 100% NNN- lease with 9 yrs left to CareNow with 23 urgent centers in Dallas/Fort Worth metro. NOI $223K/yr. $2.695M. 8.28% cap.  
3. MOB in Warrant, MI: 15,324 SF Class-B consisting of two medical office buildings at a busy corridor. Across from Universal Mall and near GM Tech Center. 77% leased with several long-term tenants. Actual NOI $171K/yr. $1.85M. 9.25% actual cap. Upside potential.  
4. Office Building in Fairfield, CA: 6024 SF well maintained office building half way between San Francisco and Sacramento. Across from Westfield Solano, minutes from 132-bed Northbay Medical Center and near I-80. NOI $59K/yr. $995K. 6% cap. 
5. Shopping Center in Sacramento, CA: 64,171 SF well maintained shopping center on 4.64 ac lot at a hard corner.  Anchored by Food Source Grocery (owned by Raley’s). Next to FALLAS, dd’s and Anna’s Linens anchored center. Close to Kaiser Permanente Medical center and Hwy-99. 100% leased. NOI $531K/yr. $6.6M. 8.05% cap. 
6. Tires Plus in Jacksonville, FL: 5,216 SF Tires Plus on .68 ac lot at a high traffic location. Near Regency Square Mall and I-295. 100% NNN lease with 6 yrs left to Bridgestone. NOI $149K/yr. $1.695M. 8.82% cap.  
7. CVS in Charlotte, NC: 10,125 SF drive-thru drug store built in 1998 on 1.57 ac lot at busy intersection.  100% NNN lease with 6 yrs left.  NOI $192K/yr. $2.4M. 8.50% cap. 
8. Shopping Center in North Richland Hills, TX: 99,331 SF attractive shopping center built in 1991 on 9.54 acres of land at highly visible location in growing high income Dallas/Fort Worth metro.  Anchored by 99¢ Only and Aaron Rents. 86% leased with only 3 vacancies. NOI $573K/yr. $6.7M. 8.60% cap.  
9. MOB in West Covina, CA: 12,380 SF Class-B 7-units medical office building on 1.32 ac lot in densely populated Los Angeles County. Great location: i) near 252-bed Citrus Valley Medical Center, ii) Close to I-10 exit, iii) close to Westfield West Covina Mall. 100% leased. NOI $141K/yr. $2.575M. 5.50% cap.

© Transmercial 2013

02-27: Cheddar's Restaurant, Shopping Centers

1. Strip Center in Chattanooga, TN: 6515 SF strip center built in 2007 on .47 ac lot in fast growing and high income (AHI $76K/yr) area. Close to Hamilton Place and I-75. 100% NNN leased to FedEx, T-Mobile, Gigi’s Cupcakes and CPR. NOI $162K/yr. $1.985M. 8.20% cap.
2. Retail Center in Glendale, AZ: 12,500 SF attractive retail center at a signalized corner location in high income Phoenix suburbs. Near Bell Canyon Pavilions and I-17. NNN leases. NOI $158K/yr. $1.925M. 8.25% cap.
3. Shopping Center in Albuquerque, NM: 51,713 SF shopping center consisting of four buildings renovated in 2007 on 6 ac outparcel to Walmart. Major Tenants include: 14,500 SF Dollar Tree, Furr’s, Radio Shack, Krispy Kreme and The UPS Store. 100% leased. NOI $818K/yr. $10.236M. 8% cap.
4. Cheddar’s Restaurant in West Melbourne, FL: 8,000 SF newly constructed restaurant on nearly 3 ac lot along main retail corridor. Adjacent to Melbourne Square Mall. New 15 yrs absolute NNN corp lease. NOI $130K/yr with 10% rent bumps every 5 yrs. $2.166M. 6% cap.

           © Transmercial 2013

02-26: MOB, Apartments, Shopping Centers, Retail Centers

1. Retail Center in Altadena, CA: 26,290 SF attractive retail building on 1+ ac lot at a hard corner location in high income (AHI $106K/yr in 1 mile) Los Angeles suburbs. 100% NNN corp leased to Chase Bank and Planned Parenthood. NOI $381K/yr, $5.9M. 6.46% cap.  
2. MOB in Granada Hills, CA: 42,729 SF well maintained multi-story medical building in densely populated (over 500K residents within 5 miles ring) & upper-middle class (AHI $96K/yr in 3 mile radius) neighborhood. Anchored by LA County Department of Mental Health. 86% leased. NOI $658K/yr. $9M. 7.32% actual cap. Upside potential. 
3. Retail Buildings in Spokane, WA: 14,700 SF consisting of two recently constructed retail buildings on 2.52 ac outparcel to Winco Foods grocery. Close to Walmart, Home Depot and Hwy-2. 95% NNN leased. NOI $290K/yr. $3.92M. 7.40% cap. 
4. Apartments in Hayward, CA: 22-units two-story well maintained multifamily buildings on .96 ac lot in upper middle-class (AHI $74K/yr) Silicon Valley. Close to BART Station, parks and I-880. 100% occupied. NOI $210K/yr. $3M. 7% cap.  
5. Shopping Center in Colorado Springs, CO: 23,110 SF shopping center built in 2003 on 2.36 ac lot in growing middle-class area. Adjacent to 210,750 SF Walmart Supercenter. 100% NNN leased. NOI $486K/yr. $6.95M. 7% cap.  
6. Shopping Center in Stevenson Ranch, CA: 29,817 SF shopping center on 3+ ac lot at a signalized intersection in a wealthy Santa Clarita area with an AHI of $122K/yr in 1 mile. Close to I-5. Anchored by Tutor Time, a national childcare provider. 77% leased. NOI $568K/yr. $8.115M. 7% cap.  
7. Shopping Center in Garden Grove, CA: 18,736 SF shopping center on .54 ac lot in densely populated middle-class Southern CA area with over 750,000 residents in 5 miles. 100% NNN leased to nine tenants. NOI $225K/yr. $4.5M. 5% cap.

© Transmercial 2013

02-25: Auto Service Center, Mix-Used Center, Office Buildings

1. Office Building in Pleasant Hill, CA: 9238 SF Class-B two story office building on .37 ac lot in high income (AHI $92K/yr within 2 mile) Contra Costa County (28 miles NE of San Francisco).  Close to I-680. 90% leased. NOI $87K/yr. $1.45M. 6% cap. 
2. Auto Service Center in Glendora, CA: 13,145 SF auto service center on nearly 1 ac lot in growing & upper middle class Los Angeles County. Along main corridor. 100% leased. NOI $888K/yr. $1.7M. 7.56% cap. 
3. Office Building in Orlando, FL: 5,250 SF office building constructed in 2006 in growing area. Close to Waterford Lakes Town Center. 100% leased to Yoga Studio, Dentist and Brooks Health Rehab. NOI $89K/yr. $1.199M. 7.43% cap. 
4. Mix-Used Center in Fullerton, CA: 21,205 SF retail/office center consisting of three buildings on 2.33 ac lot at a hard corner location in affluent city with an AHI of $143K/yr within 1 mile.  Across from 359-bed St. Jude Medical Center. 87% NNN leased. NOI $505K/yr. $8.25M. 6.13% cap. Upside potential when fully leased.

© Transmercial 2013