11-09: Walgreens, Church's chicken, Chipotle, Taco Bell, Burger King, DaVita, Retail center

1. Walgreens in Philadelphia, PA: 13,833 SF drug store built in 1994 on 1.86 ac lot in densely populated area.  25 yrs NNN- leased till 12/2017.  NOI $270K/yr. $3.375M. 8% cap.  Store with $4.6M in sales revenue.  
2. Church’s Chicken in Edinburg, TX: 3175 SF restaurant built in 2005 on .8 ac corner lot in high growth, high income McAllen metro.  20 yrs absolute NNN corp lease with 14 yrs left.  NOI $144K/yr with 12% rent bumps every 5 yrs.  $1.806M. 8% cap.  
3. Chipotle in Salem, OR: 3800 SF Chipotle Mexican Grille restaurant built in 2004 across from Lancaster Mall.  10 yrs NNN- corp lease till 2018.  NOI $100K/yr. in 6/2013.  $1.35M. 7.4% cap in 6/2013. 
4. Taco Bell in Jacksonville, FL: 2074 SF restaurant 2 blocks from the busy I-295. 100% absolute NNN lease with 9 yrs left and guaranty from a 62-unit operator.  NOI $193K/yr with 1.75% annual rent bumps. $2.664M. 7.25% cap.  
5. Strip Mall in Clovis, CA: 7074 SF 7-unit strip center on .93 ac lot in affluent area in Fresno metro (AHI $112K/yr in 1 mile).  100% NNN leased.  NOI $133K/yr.  $1.9M. 7% cap.  
6. Burger King in Phoenix, AZ: 4057 SF restaurant on .84 ac lot.  New 20 yrs NNN lease to an operator with 6 units.  NOI $101K/yr with 10% rent bumps every 5 yrs.  Store with $1.2M in sales. $1.45M. 7% cap.  
7. DaVita in Allen Park, MI: 9300 SF dialysis center on .43 ac lot in Detroit metro.  100% NNN- lease with 12 yrs left.  NOI $164K/yr. $1.731M. 9.5% cap.  
8. Office Building in Southlake, TX: 5964 SF single-tenant office building completed in 1998 on ¾ ac lot near Southlake Towne Square center in affluent Dallas suburbs with AHI $213K/yr in 1 mile. 100% leased.  NOI $75K/yr. $945K. 8% cap.

© Transmercial 2012

11-08: Neighborhood Center, Shopping Centers, Retail Centers

1. Retail Center in Huntington Park, CA: 5500 SF retail center built in 2007 on .24 ac corner lot along major retail corridor in densely populated with over 1,000,000 residents within 5 miles. Near Community Hospital. 100% NNN leased. NOI $70K/yr. $835K. 8.40% cap.
2. Neighborhood Center in North Olmsted, OH: 64,950 SF shopping center on 6+ acres of land in Cleveland metro. Tenants include: Babies R Us, Vitamin Shoppe, Dollar Tree and Regency Beauty Institute. Across from 627,000 SF plaza Great Northern Mall. 100% NNN leased. NOI $562K/yr. $7.975M. 7.05% cap.
3. Shopping Center in West Sacramento, CA: 22,198 SF well maintained shopping center on 1.61 ac lot at a signalized corner location. Close to IKEA, The Home Depot, Super Wal-Mart and I-80. 92% NNN leased. NOI $451K/yr. $5.28M. 8.56% proforma cap.
4. Retail Center in Flower Mound, TX: 6500 SF high quality construction retail center on 1 ac lot at major retail corridor in growing and high income (AHI $153K/yr) Dallas suburbs. 100% NNN leased to Starbucks Coffee, Zoes Kitchen and Beverly Hills Rejuvenation Center. NOI $212K/yr. $3.075M. 6.91% cap.
5. Distressed Retail Center in Kennesaw, GA: 11,378 SF retail center built in 2007 on 1.87 ac lot at main retail corridor in Atlanta metro. Close to Home Depot and I-75. $1.275M. NOI/Cap not provided.
6. Retail Building in Oakdale, CA: 4290 SF attractive retail center on .87 ac lot in Northern California near Modesto. Near Save Mart center, K mart and Raley’s center. 100% NNN leased to Starbucks, Mr. Pickles and Supercuts. NOI $133K/yr. $1.9M. 7% cap.

© Transmercial 2012

11-07: Walgreens, LA Fitness, Rite Aid, MOB's, New China Super Buffet

1. Walgreens in Indianapolis, IN: 15,120 SF drive-thru drug store built in 2000 on 1.20 ac lot across from Home Depot and near off/on ramp I-465. Close to Rehabilitation Physicians of Indian Hospital.100% NNN- corp lease with 8 yrs left. NOI $305K/yr. $3.695M. 8.25% cap.
2. Shopping Center in Katy, TX: 19,950 SF attractive shopping center on 1.62 ac corner lot in fast growing and high income Houston metro. 100% leased. NOI $327K/yr. $3.5M. 9.36% cap.
3. LA Fitness in Riverside, CA: 49,661 SF currently expanding fitness center built in 2011 on 5+ ac lot next to Hwy-91. New 15 yr NNN lease. NOI $1.178M/yr. $15.5M. 7.60% cap.
4. Retail Building in Saint Charles, IL: 4,083 SF nice-looking retail building on 1+ ac lot in prosperous (AHI $148K/yr within 1 mile) West of Chicago. Near Chalestowne Mall. 100% NNN leased to T-Mobile and Qdoba Mexican Grill. NOI $169K/yr. $2.165M. 7.85% cap.
5. Shopping Center in Vestal, NY: 24,752 SF upscale constructed shopping center along main corridor. Tenants include: Chico’s, Joe A Bank, Coldwater, Creek and Ann Taylor Loft. 100% leased. NOI $284K/yr. $3.05M. 9.34% cap.
6. Walgreens in Southlake, TX: 15,120 SF upscale construction Walgreens built in 2000 on 2.60 acres of land and in affluent (AHI $201K/yr) Dallas metro. 20 yrs NNN- corp lease with 8 yrs left. NOI $374K/yr. $5.342M. 7% cap.
7. Rite Aid in Tucker, GA: 9504 SF stable drugstore on 1 ac lot along Lawrenceville Hwy (23,790 VPD) in middle class Northeast of Atlanta suburbs. Close to Walmart Supercenter, Kroger, Publix, Sears, Staples and DaVita Dialysis Center. 20 yrs absolute NNN lease with 3½ yrs left. NOI $190K/yr. $1.658M. 11.50% cap. Store with $5.5M in sales revenue.
8. New China Super Buffet in Phoenix AZ: 8473 SF buffet restaurant on 1.29 ac lot along main retail corridor in high income area. 100% NN lease with 6 yrs left. NOI $112K/yr. $1.175M. 9.60% cap.
9. MOB in San Antonio, TX: 6500 SF Class B medical office building constructed in 2010 close to Northeast Methodist Hospital and next to I-35. New 10 yrs NNN lease to ENT Clinics of San Antonio. NOI $143K/yr. $143K/yr with 3% annual rent increases. $1.858M. 7.75% cap.
10. MOB in West Melbourne, FL: 6385 SF two-story well maintained medical office building on .65 ac lot at major corridor and close to Melbourne Square Mall. 100% NNN- lease to Omni Healthcare with 3 locations in Melbourne. NOI $154K/yr. $1.9M. 8.13% cap.

© Transmercial 2012

11-06: Starbucks, KFC, Rite Aid, 24 Hour Fitness

1. Starbucks Strip Center in Katy, TX: 6557 SF newly constructed strip center on 3.24 ac lot in fast growing (680.42% pop growth since 2000) and wealthy (AHI $109K/yr in 1 mile) Houston metro. Tenants include: Starbucks, Koko Fit club, Century Cleaners and La Royale Pedispa.  Next to top performing HEB Plus supermarkets, Home Depot and brand new Whole Foods. 100% NNN leased. NOI $235K/yr. $3.044M. 7.75% cap.
2. Shopping Center in Charlotte, NC: 18,500 SF shopping center built in 2001 on 2+ ac lot in growing and high income area. 100% NNN leased. NOI $289K/yr. $2.6M. 11.12% cap.
3. Shopping Center in Dayton, OH: 20,940 SF well maintained shopping center built in 2007 on 7½ ac lot.  Shadow-anchored by a 68,415 SF Kroger grocery. 76% NNN leased to Aaron’s Rent, Ross Medical Education Center and Kiducation. NOI $115K/yr. $1.45M. 8.87% cap. Upside potential.
4. KFC in Lawrenceville, GA: 2351 SF KFC on .70 ac outparcel to Hobby Lobby center in Atlanta suburbs. Near Gwinnett Medical Center and Hwy-316.  New 20 yrs absolute NNN lease to a strong operator with 171 units. NOI $67K/yr with 10% rent increases every 5 yrs. $1.038M. 6.50% cap.
5. KFC in Snellville, GA: 2456 SF attractive KFC restaurant on .48 ac lot at main retail corridor in growing and high income (AHI $81K/yr in 3 miles) Atlanta suburbs. Across from Eastside Heritage Center Hospital. New 20 yrs absolute NNNN lease to a strong operator with 171 units. NOI $63K/yr with 10% rent increases every 5 yrs. $944K. 6.75% cap.
6. Retail Center in Crete, IL: 10,200 SF retail center on in affluent (AHI $116K/yr) Chicago suburbs. 100% NNN leased to established tenants. NOI $130K/yr. $1.295M. 10.10% cap.
7. Neighborhood Center in Cincinnati, OH: 89,008 SF well maintained shopping center on nearly 9 acres of land in prosperous neighborhood with an AHI of $166K/yr in 1 mile. Major tenants include: Aldi Grocery, Jo-Ann Fabric, Firestone, and recently expanded Asian Market. 89% NNN leased. NOI $548K/yr. $6.45M. 8.50% cap.
8. Strip Center in Lewisville, TX: 12,170 SF attractive strip center on 1.62 ac lot at densely retail corridor in growing upper middle class Dallas metro. Between Lowe’s and Home Depot and next to I-35. 89.9% occupied with a synergistic tenant mix including Subway, Sport Clips, Fat Cow BBQ, Pro Cleaner, So Good Donuts, Gold & Diamond, Q Nail and Dr. Capehart Dentistry. NOI $214K/yr. $2.683M. 8% cap. 
9. Rite Aid in Redwood City, CA: 17,500 SF Rite Aid pharmacy on 2+ ac lot at a hard corner location in affluent town in Silicon Valley (AHI $133K/yr in 3 miles).100% NNN- lease with 6 yrs left. NOI $447K/yr. $7.175M. 6.24% cap. 
10. 24 Hour Fitness in Reno, NV: 24,000 SF single tenant fitness center on 3 ac lot adjacent to Meadowood Mall. Tenant has been at this location since 1997. Tenant just signed a 5 yrs NNN lease extension and will complete $240K in renovations. NOI $350K/yr. $3.5M. 10% cap.

© Transmercial 2012

11-05: Burlington Coat Factory, Mattress Hub, Walgreens, Applebee's, Denny's, MOB's

1. Burlington Coat Factory & Mattress Hub in Wichita, KS: 113,080 SF well maintained big box retail building on 7+ acres lot at major retail corridor. Part of Westgate Market, a 133,000 SF power center. Adjacent to Walmart Supercenter and Sam’s Club and near West of Town Square Mall. 100% NNN leased to two tenants: Burlington Coat Factory and Mattress Hub (note: Burlington subleases 20,000 SF to Office Depot at twice the its rate). NOI $631K/yr. $7.5M. 8.42% cap.
2. Retail Center in Cypress, TX: 8400 SF retail center built in 2005 on .87 ac lot in high income Houston suburbs. Tenants include: Chain Mexican Restaurant, Liquor Store, Doctor Office, and Body Art of Houston. 100% NNN leased. NOI $144K/yr. $1.775M. 8.13% cap.
3. Walgreen’s in Hayward, CA: 15,120 SF drugstore built in 2000 on 1.55 ac lot in middle-class San Jose metro. Outparcel to Mission Plaza, a 89,000 SF center anchored by Raley’s grocery. 100% NNN- with 13 yrs left.  NOI $425K/yr with rare 10% rent bump in 2025. $6.8M. 6.25% cap.
4. Strip Center in Cincinnati, OH: 10,079 SF 3 yrs old retail center on 1+ ac lot at a hard corner location. Close to Western Hills Mall and Home Depot. 100% NNN leased to six national tenants: Chipotle, The UPS Store, Jimmy John’s, Edible Arrangements, Pizza Hut and T-Mobile. NOI $233K/yr. $2.715M. 8.61% cap.
5. Applebee’s in Roanoke, VA: 5,127 SF casual dining restaurant built in 2006 on 1.44 ac outparcel to Lowe’s and Wal-Mart Supercenter along busy thoroughfare. Strong demographics:  AHI $89K/yr within 1 mile. 100% NNN lease with 10+ yrs left. NOI $216K/yr. $3.05M. 7.10% cap. 
6. Shopping Center in Oldsmar, FL: 31,022 SF 10-unit attractive shopping center built in 2007 on 4+ ac lot at main corridor in high income (AHI $85K/yr within 3 mile radius) Tampa Bay metro. 92% NNN leased to 8 tenants with 2 small vacant units.  Current NOI $475K/yr. $5.761M. 8.25% cap. Upside potential when fully leased.
7. Denny’s in Euless, TX: 5432 SF Denny’s restaurant on 1+ ac lot off/on Fwy-183 in Fort Worth/Dallas metro. Next to Home Depot and Quality Inn Hotel. Close to  Methodist Hospital. New 20 yrs absolute NNN lease. This is a sale & leaseback investment, so terms are negotiable. NOI $120K/yr with 10% rent increases every 5 yrs. $1.678M. 7.15% cap.
8. MOB & Retail Center in Tinley Park, IL: 4,100 SF MOB and 20,900 retail center on 2.74 ac lot at a hard corner location in high income Chicago metro. 68% leased to 9 tenants. Proforma NOI $157K/yr. $1.9M. 8.30% proforma cap.
9. MOB in Aurora, CO: 38,794 SF well maintained 16-suites medical office building on 1.66 ac lot in fast growing upper middle class Denver suburbs. Long term tenants, most of whom have occupied for over 15 yrs. 83% NNN leased to 13 medical/dental tenants.  Current NOI $328K/yr. $4.01M. 8.20% cap. Upside potential.

© Transmercial 2012

11-02: HealthOne, Autozone, Office building, Retail Center

1. HealthOne MOB in Houston, TX: 10,080 SF single-tenant class-A Level-III 24-hr Emergency Center built in 2011 on 1.31 acres lot in the fast growing NE Houston.  100% NNN- lease till 2012 to HealthOne as a remote ER for the 267 bed, acute care Kingwood Medical Center operated by Hospital Corporation of America (HCA).  NOI $259K/yr with 2% annual rent bumps.  $3.7M. 7% cap.  
2. Autozone in Rohnert Park, CA:  7990 SF single-tenant retail condo as part of a shopping center shadow anchored by a grocery outlet and 24-Hr Fitness North of San Francisco.  Easy access to hwy 101. 100% NNN corp lease till 2019.  NOI $138K/yr with 10% rent bump in each 5-yr options.  $2.05M. 6.73% cap.  
3. Office Building in Lynnwood, WA: 29,571 SF 2-building office complex consists of 26,571 SF multi-tenant building and 3000 SF free-standing bank in Seattle metro. 85% leased.  NOI $340K/yr. $4.2M. 8.1% cap.  
4. Strip Mall in Las Vegas, NV: 6970 SF 4-tenant retail center built in 2006 in high income area.  100% leased to 4 tenants.  NOI $156K/yr. $1.956M. 8% cap.

© Transmercial 2012