12-17: U.S. Cellular, Kiddie Academy, Strip Centers

1. U.S. Cellular (S&P BBB-) in Milwaukee, WI: brand new 3732 SF retail building on nearly 1 ac lot along major retail artery. 7 yrs NNN- copr lease. NOI $89K/yr with a rent bump in year 6. $1.156M. 7.75% cap.
2. Strip Center in Rialto, CA: 4800 SF attractive strip center in growing middle-class San Bernardino County. 100% leased to 99cents store, donuts, barber shop and real estate office. NOI $62K/yr. $895K. 7% cap.
3. Shopping Center in Tampa, FL: 38,540 SF shopping center completed in 2007 on over 5 ac lot at a hard corner location. Anchored by Family Dollar and Village Meats & Market. 92% NNN leased to 9 tenants. NOI $383K/yr. $5.475M. 7% cap.
4. Kiddie Academy in Gainesville, FL: 9022 SF built-to-suit daycare center constructed in 2009 on .86 ac lot in growing and high income area with an AHI of $90K/yr in 1 mile. 15 yrs NNN- lease with 11 yrs left. NOI $188K/yr. $2.095M. 9% cap.
5. Retail Center in Tempe, AZ: 8,750 SF attractive strip center built in 2006 at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 86% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
6. Retail Center in Palm Harbor, FL: 11,000 SF well maintained retail center along main retail thoroughfare. Across from Publix grocery center. 100% NNN leased. NOI $114K/yr. $1.4M. 8.20% cap.
7. Neighborhood Center in Aurora, CO: 96,100 SF well kept shopping center on 9+ ac lot in growing upper middle class area Denver suburbs. Anchored by Vitamin Cottage Natural Grocers, Armbrust Pro Gym and Dry Dock Brewing.  Excellent ingress/egress.  98% NNN lease with only 1 vacant unit. NOI $1.065M/yr. $12.9M. 8.26% cap.
8. Retail Center in Hurst, TX: 26,553 SF attractive retail center on 3 ac outparcel to Super Target in Fort Worth suburbs. Close to North East Mall and I-820. 77% leased. NOI $99K/yr. $1.2M. 8.32% cap.
9. Shopping Center in Des Plaines, IL: 34,267 SF shopping center built in 2008 in Chicago suburbs. Adjacent to Dominick’s grocery. 96% NNN leased with strong national tenants. NOI $600K/yr. $7.284M. 8.25% cap.

            (c) Transmercial 2013

12-16: Shopping Center, Long Horn steakhouse, Arbys, Hardee's, Fresenius, Davita

1. Shopping Center in Reno, NV: 31,616 SF mature shopping center on 5.4 ac corner lot near I-580 exit.  75% occupied.  Current NOI $439K/yr. $4.995M. 8.815 cap.  Upside potential when fully leased. 
2. Long Horn Steakhouse in Phoenix, AZ: 6300 SF brand new restaurant on 1.64 ac lot as part of Metro Center Mall. New 10 yrs absolute NNN ground lease (land is for sale).  NOI $98K/yr. $1.97M. 5% cap. 
3. Arby's in Gilbert, AZ: 2962 SF fast food restaurant built in 2008 on .9 ac outparcel to Costco.  Adjacent tenants Include Walmart, Sam's Club, OfficeMax, Marshalls, JoAnn, Bed Bath & Beyond, DSW.  High income with AHI of $106K/yr in 1 mile.  Long term NNN lease to franchisee with 56 units.  NOI $144K/yr. $2.4M. 6% cap. 
4. Hardee's in Mobile, AL: 2972 SF Hardee's restaurant built in 2004 on 1.79 ac lot across the street from a Kohl' s and 16 screen Carmike Cinemas movie theatre.  Long term NNN lease to a franchisee with 95 locations.  NOI $72K/yr. $1.2M 6% cap. 
5. Fresenius Dialysis center in Mount Pleasant, SC: 6000 SF dialysis center built in 2005 in Charleston metro.  100% corp NNN lease till 2020.  NOI $175K/yr. $1.954M. 9% cap.
6. Medical office building in Hilliard, OH: 7255 SF medical office building completed in 1989 on 1.23 ac lot.  77% leased to Heartland Cardiology.  NOI N/A.  $799K.
7. Davita Dialysis Center in Atlanta, GA: 6600 SF dialysis center on .55 ac lot.  100% leased till 2027.  NOI $58K/yr. $730K. 8% cap.

            (c) Transmercial 2013

12-13: MOB, Shopping Centers, Strip Centers, Retail Centers

1. Shopping Center in Cherry Hill, NJ: 59,593 SF attractive shopping center on 7+ ac lot along major artery in high income (AHI of $114K/yr within 1 mile) Philadelphia metro. 95% leased to strong tenants. NOI $680K/yr.  $8.5M. 8% cap.
2. Strip Center in Dallas, TX: 6,347 SF strip center in fast growing area. Close to I-635.  100% leased. NOI $93K/yr. $950K. 9.85% cap.
3. Neighborhood Center in Houston, TX: 74,365 SF attractive shopping center on 7 ac lot anchored by 99 Cents Only and Advance Auto Parts. 99% NNN leased. NOI $1.283M/yr. $16.995M. 7.55% cap.
4. Retail Building in Champaign, IL: 2453 SF retail building in growing city adjacent to Market Place Mall. 100% NNN- lease to Verizon Wireless and Beauty Salon. NOI $73K/yr. $800K. 9.21% cap.
5. MOB in Brooksville, FL: 27,960 SF Class-B medical office building completed in 1991 on nearly 4 ac lot in Tampa suburbs. Close to Oakhill Hospital. 100% leased to multiple tenants. NOI $229K/yr. $2.49M. 9.23% cap.
6. Professional Building in Olympia, WA: 12,776 SF well maintained office building at a corner location in growing town Southeast of Tacoma. Close to Westfield Capital Mall.  70% leased. Pro forma NOI $162K/yr. $2M. 8.11% pro forma cap.
7. MOB in Olympia, WA: 10,160 SF Class-B medical office building at a corner location in Tacoma suburbs. Close to Westfield Capital Mall and Capital Medical Center. 90% leased to multiple tenants. Pro forma NOI $103K/yr. 1.3M. 7.95% pro forma cap.

            (c) Transmercial 2013

12-12: Walgreens, Mix-used, MOB, Bout Time Pub and Grub Sports Bar

1. Walgreens in Rivera Beach, FL: 15,120 SF drive-thru pharmacy built in 1999 on nearly 2 ac lot at a hard corner location. Close to 236-bed VA Medical Center and I-95. 20 yrs NNN- corp lease with 5+ yrs left. NOI $232K/yr. $3.326M. 7% cap.
2. Professional Building in Davie, FL: 13,206 SF Class-B office building completed in 1999 in Miami suburbs. Close to Hwy-53 and with easy access to I-595. 100% leased to 7 tenants. NOI $125K/yr. $1.695M. 7.40% cap.
3. Retail Building in Jacksonville, FL: 6000 SF attractive retail building on .77 ac outparcel to Marshalls and Winn Dixie grocery center. 100% NNN leased to Foot Locker and Wireless America. NOI $69K/yr. $903K. 7.72% cap.
4. Mix-used property in Lombard, IL: 40,860 SF well maintained office & retail building on 3.54 ac lot in growing and high income (AHI $96K/yr in 3 miles) Chicago metro. Close to Yorktown Center, with over 150 stores. 100% leased. NOI $523K/yr. $5.8M. 9.03% cap.
5. Shopping Center in Westminster, CO: 24,029 SF center consisting of four retail buildings completed in 2007 in growing and high income Denver suburbs with an AHI of $87K/yr in 1 mile. 88% leased to national regional and local tenants. NOI $494K/yr. $6.18M. 8% cap.
6. Mix-used Center in Clive, IA: 27,400 SF mix-used center on over 2 ac lot at mayor retail artery in affluent  Des Moines suburbs with and AHI of $136K/yr. Close to Methodist West Hospital and Mercy Medical Center. 90% leased. NOI $356K/yr. $4.6M. 7.75% cap.
7. Shopping Center in Oak Lawn, IL: 45,900 SF well maintained shopping center at a hard corner location in densely populated and high income (AHI $81K/yr) Chicago suburbs. NOI $169K/yr. $2.23M. 7.58% cap.
8. MOB in Naples, FL: 15,202 SF attractive single-tenant medical office building constructed in 2007 across from 100-bed Physicians Regional Medical Center. 100% NNN lease with 4 yrs left. NOI $612K/yr. $6.8M. 9% cap.
9. Bout Time Pub and Grub in West Valley, UT: 7500 SF sports bar restaurant built in 1998 on 1.66 ac lot at a signalized corner location. Across from 10,100 seat Maverik Center. Near Valley Fair Mall and I-215. 20 yrs absolute NNN lease with 13+ yrs left to a regional operator with 8 units. NOI $173K/yr. $2.485M. 7% cap.

           

(c) Transmercial 2013

12-11: Dairy Queen, Walgreens, Popeyes, Backwoods, KFC, REO'ed Center

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $55+K/yr.
• NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
• NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
• NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Dairy Queen in Pflugerville, TX: 2916 SF Dairy Queen restaurant built in 1993 on 1.46 ac lot in well-off (AHI $89K/yr) Austin metro.  New 20 yrs absolute NNN lease to the 2nd largest DQ operator with 74 locations.   NOI $150K/yr with annual 1.5% rent bumps.  Tenant has been at this location since 1993.  $2.25M. 6.65% cap.
2. Walgreens in Minneapolis, MN: 10,812 SF drug store built in 1986 on a major artery with easy access to I-55. 100% NNN- till 2017.  Store with strong sales revenue of over $7M in the last 5 yrs contributing $74K in percentage rent to the total NOI of $178K/yr.  $2.46M. 7.25% cap. Note: flyer not avail, full brochure upon request.
3. Popeyes Chicken & Biscuits in Decatur, IL: 3213 SF restaurant built in 2006 on .61 ac lot at main retail corridor. Close to Brettwood Village Shopping Center & Decatur Memorial Hospital.  New 20 yrs absolute NNN lease to an experienced franchisee. This is a sale & leaseback. NOI $96K/yr with 1% annual rent increases. $1.2M. 8% cap. Note: flyer not avail, full brochure upon request.
4. Backwoods in Bee Cave, TX: 10,000 SF retail building constructed in 2008 in affluent Austin metro with an AHI of $132K/yr within 1 mile. Part of Hill Country Galleria, a power center with Dillard’s, Dick’s, Cinemark 14 Theatre, Whole Foods, Barnes & Noble, Marshalls, Lowes and H-E-B. 15 yrs absolute NNN corp lease with 9+ yrs left. NOI $215K/yr with a rent bump in 2019. $2.69M. 8% cap.
5. Shopping Center in Auburn, WA: 53,479 SF shopping center completed in 1993 on 6.47 ac lot in fast growing Seattle suburbs. Shadow-anchored by Albertson’s, Bartell Drugs (regional tenant) and McDonalds. 90% leased. Pro forma NOI $978K/yr. $11.65M. 8.40% pro forma cap.
6. KFC in Pontiac, MI: 2609 SF well maintained KFC restaurant on .65 ac lot in upper middle-class (AHI $80K/yr in 3 mile radius) Detroit suburbs. Across from Ultimate Soccer Arenas and close to 443-bed St. Joseph Mercy Oakland Hospital. 100% NNN lease. This is a sale & leaseback investment. NOI $75K/yr. $1.034M. 7.25% cap.
7. Retail Center in Maywood, CA: 7669 SF well kept retail center built in 1990 at a signalized intersection and in densely populated Los Angeles County with over 900,000 residents in a 5-mi radius. 100% leased to Dentist, auto parts store, professional & travel services, and a recycling center. NOI $54K/yr. $1.695M. 9.70% cap.
8. REO’ed Shopping Center in Riverside, CA: 11,306 SF 10-units L-shaped lender owned retail center at a corner lot across from Kaiser Permanente Riverside Hospital. Near Galleria at Tyler Mall and Hwy-91. 79% leased. NOI $128K/yr. $1.895M. 6.80% cap.
9. Shopping Center in San Jose, CA: 24,065 SF eye-catching consisting of three retail buildings completed in 2007 on 2+ ac lot in affluent area with an AHI of $155K/yr in Silicon Valley. Easy access to Hwy-101. 92% NNN leased. NOI $649K/yr. $10.82M. 6% cap.

            (c) Transmercial 2013

12-10: Hibachi Grill & Supreme Buffet, Johnny Carino's, Chase Bank, Tire Kingdom

1. Hibachi Grill & Supreme Buffet in Phoenix, AZ: 11,340 SF buffet restaurant on over 1 ac outparcel to Metro Center Mall and Castles –n- Coasters theme park. Close to I-17. 100% leased. NOI $147K/yr. $2.45M. 6% cap.
2. Johnny Carino’s in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Between Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7 yrs left. NOI $173K/yr with 1.5% annual rent increases. $1.828M. 9.50% cap.
3. MOB in Cedarhurst, NY: 20,000 SF Class-A medical office building in affluent New York metro with an AHI of $139K/yr in 1 mile. 100% leased to several stable tenants. NOI $364K/yr. $5.2M. 7% cap.
4. JP Morgan Chase in Lancaster, CA: 3800 SF drive-thru Chase Bank constructed in 1990 on .34 ac lot in growing Los Angeles suburbs. Across from Superior grocery center. 100% NNN lease to JP Morgan Chase with 2 yrs left. NOI $72K/yr. $1.2M. 6% cap.
5. Office Building in Santa Cruz, CA: 15,060 SF Class-B office building on nearly one ac lot in high income coastal town in Northern CA with an AHI of $93K/yr. Near Costco. 100% NNN leased to three tenants. NOI $261K/yr. $2.675M. 9.77% cap.
6. Shopping Center in Liberty Township, OH: 24,007 SF attractive shopping center built in 2005 on 5.44 ac lot in affluent (AHI $135K/yr) Cincinnati suburbs. All units face main corridor. 100% leased. NOI $321K/yr. $3.573M. 9.01% cap.
7. Shopping Center in Lompoc, CA: 25,000 SF well maintained shopping center completed in 1998 on 1.88 ac lot in growing city in Southern California. 75% NNN leased. NOI $238K/yr. $2.975M. 8% cap.
8. Office Building in Seattle, WA: 4642 SF well kept office building in growing and high income (AHI $102K/yr) area. Close to Alki Beach. NOI $75K/yr. $1.25M. 6.01% cap.
9. Strip Center in Huntington Station, NY: 5500 SF strip center at a corner location in affluent New York metro with an AHI of $122K/yr in 3 mile radius. 100% leased to Dunkin Donuts, Deli, Beauty Salon and Cleaners.  NOI $129K/yr. $1.999M. 6.50% cap.
10. Tire Kingdom in Saint Petersburg, FL: 7689 SF well maintained tire center on .60 ac lot along Hwy-19 in Tampa suburbs. Tenant has been at this location since 1986. 100% absolute NNN corp lease with 5 yrs left. NOI $73K/yr. $1.05M. 7% cap.

            (c) Transmercial 2013