12-02: PETSMART, Arby's, Chili's, CVS Pharmacy

1. PETSMART in Lilburn, GA: 25,015 SF well kept retail building completed in 1993 on 3+ ac outparcel to The Home Depot center in high income (AHI $80K/yr in 3 miles) Atlanta metro. Adjacent to Sports Authority, and Burlington Coat Factory. Recently extended NN lease with 4+ yrs left. NOI $240K/yr. $2.826M. 8.50% cap.
2. Shopping Center in Houston, TX: 29,364 SF shopping center built in 2008 on 2.54 ac lot at signalized intersection of I-45. Adjacent to brand new 185,000 SF Walmart. 90% NNN leased to credit tenants. NOI $625K/yr. $8.68M. 7.21% cap.
3. Arby’s in Gilbert, AZ: 2962 SF Arby’s restaurant completed in 2008 on nearly 1 ac outparcel to Costco in growing (665.86% pop growth) and high income (AHI $106K/yr) Phoenix suburbs. Close to 212-bed Mercy Gilbert Medical Center, San Tan Village, a 1,200,000 SF open-air regional mall and Hwy-202. 100% absolute NNN leased with 10+ yrs left to a strong franchisee with 56-units. NOI $144K/yr with rent increases. $2.4M. 6% cap.
4. Chili’s in Midland, TX: 6236 SF attractive Chili’s restaurant on 1+ ac lot in affluent ($138K/yr within 1 mile) oil and gas town. On an off/on ramp of Hwy-250. Close to Midland Park Mall with 90+ stores.  Tenant has been at this location for over 30 years. Tenant recently completed $225,000 in renovations. New 10 yr absolute NNN corp lease. NOI $169K/yr with a 10% rent bump in 2016. $2.829M. 6% cap.
5. CVS in Phoenix City, AL: 13,813 SF CVS Pharmacy built in 2004 on 1.25 ac lot in fast growing and high income Columbus suburbs with an AHI $88K/yr. Across from Publix grocery center. 20 yrs absolute NNN lease with 10+ yrs left. NOI $254K/yr. $3.985M. 6.40% cap. Store with strong $7.99M in 2013 sales revenue. 

           

            (c) Transmercial 2013

11-27: IHOP Restaurant, Shopping Centers, Office Buildings

1. Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4+ ac lot along main retail corridor in high income Atlanta metro. 100% NNN leased. NOI $370K/yr. $4.575M. 8.10% cap.
2. Shopping Center in Dallas, TX: 55,845 SF shopping center completed in 2003 adjacent to Sam’s Club and Walmart. Next to I-30. Anchored by 9945 SF Dollar Tree and 7400 SF Anna’s Linens. 96% NNN leased. Pro forma NOI $ 815K/yr. $10.526M. 7.75% cap.
3. Retail Center in Porter, TX: 7055 SF newly constructed retail center outparcel to Kroger grocery in Houston suburbs. Across from Walmart and Home Depot. Near I-69. 100% leased to Verizon, The Cash Store, Porter Family Dental and Great Clips. NOI $153K/yr. $2.2M. 7% cap.
4. Strip Center in Marysville, CA: 6000 SF eye-catching strip center built in 2006 on .71 ac lot at a signalized intersection in growing city North of Sacramento. 100% NNN leased. NOI $126K/yr. $1.628M. 7.75% cap.
5. Retail Center in Colorado Springs, CO: 9140 SF retail center remodeled in 2011 on .80 ac lot at a hard corner location. Across from Target, Petco and OfficeMax center. Close to I-25 and Colorado Springs World Arena. 100% leased to four tenants. NOI $246K/yr. $3.5M. 7.04% cap.
6. Shopping Center in Holland, MI: 28,141 SF well maintained shopping center on over 3 ac lot in growing city near Lake Michigan. Across from Westshore Mall and next to Hwy-31. 81% leased. NOI $244K/yr. $3.035M. 8.07% cap.
7. Strip Center in Phoenix, AZ: 9300 SF strip center on 1.37 ac lot at a signalized intersection. 100% leased to six tenants. NOI $64K/yr. $725K. 8.86% cap.
8. IHOP in Rochester, NY: 5990 SF IHOP restaurant built in 2006 on .36 ac corner lot on an off/on ramp of Hwy-104. Next to Target. Close to Rochester General Hospital. 100% NNN corp ground lease (land for sale) with 13 yrs left. NOI $167K/yr. $2.098M. 8% cap.
9. Office Building in Kissimmee, FL: 4872 SF Class-A office building on .44 ac lot in growing Orlando suburbs. 100% leased to six professional tenants. NOI $60K/yr. $750K. 8% cap.
10. Office Building in Cary, NC: 8640 SF Class-B office building on nearly 1 ac lot in growing and high income (AHI $89K/yr in 3 mile radius) Raleigh suburbs. 100% leased to four long term tenants. NOI $68K/yr. $975K. 7% cap. 

11-26: KFC/Long John's Silver's, MOB, Retail Center

Client's Testimonial:

            "I have total & complete trust and confidence in David."

            J. Orozco.

1. KFC/Long John Silver’s in Holland, OH: 3400 SF dual branded restaurant on .86 ac outparcel to Menards home improvement center in Toledo suburbs. Close to I-475/90. 20 yrs NNN lease with 10+ yrs left. NOI $110K/yr with 7.5% rent increases every 5 yrs. $1.517M. 7.25% cap.
2. Shopping Center in Clarksville, IN: 20,000 SF shopping center built in 2010 on 1.88 ac outparcel to Walmart and Sam’s in Louisville suburbs. Close to Kentuckiana Medical Center. Across from Lowes and next to an off/on ramp of I-65. 100% NNN leased. NOI $392K/yr. $4.903M. 8% cap.
3. Retail Center in Compton, CA: 6500 SF well maintained retail center at a signalized corner location in densely populated Los Angeles area with over 800,000 residents in 5 mile radius. High barrier to entry. 100% leased to five tenants. NOI $133K/yr. $2.129M. 6.25% cap.
4. Shopping Center in Coral Springs, FL: 21,510 SF attractive shopping center on 1.45 ac lot along major retail artery in wealthy Fort Lauderdale metro with AHI of $99K/yr. 100% leased with good tenant mix including: AAMCO Transmissions, Four Star Ravioli & Deli, and Priority Medical Center to name a few. NOI $185K/yr. $2.975M. 6.25% cap.
5. Retail Center in Auburn, WA: 14,702 SF retail center completed in 2007 on 1.66 ac lot in Tacoma suburbs. Across from 943,273 SF The Outlet Collection Seattle with 140 stores. 90% NNN leased. NOI $403K/yr. $5.53M. 7.30% cap.
6. MOB in Westerville, OH: 5700 SF Class-A medical office building in fast growing Columbus suburbs. Close to 250-bed Mt Carmel St Ann’s Hospital. 100% NNN lease to Orthodontics with 8 yrs left. NOI $78K/yr. $875K. 8.99% cap.
7. Strip Center in Nashua, NH: 10046 SF well kept strip center along main thoroughfare on high income area on the Massachusetts border. 100% leased. Pro forma NOI $142K/yr. $1.775M. 8.25% pro forma cap.
8. Retail Center in Garden Grove, CA: 10,224 SF retail center at a corner location in Los Angeles area. 100% leased to long term established tenants. NOI $122K/yr. $1.75M. 7% cap.
9. MOB in Lancaster, TX: 15,055 SF Class-B medical office building completed in 1993 on 2.65 ac lot in growing Dallas suburbs. Next to 84-bed, newly reopened Crescent Lancaster Medical Center. 100% leased to two tenants:  DaVita Dialysis and Go! Rehab. NOI $187K/yr. $2.2M. 8.5% cap.

            (c) Transmercial 2013

11-25: Jack in the Box, Mixed-use Property, MOB, Shopping Centers

1. Jack in the Box in Houston, TX: 2633 SF drive-thru fast food restaurant built in 2000 on .88 ac lot at a hard corner location. Excellent demographics: fast growing area with an AHI of $129K/yr in 1 mile. 18 yrs NNN corp lease with 4+ yrs left. NOI $137K/yr. $2.293M. 6% cap.
2. Mix-used Center in Cathedral City, CA: 9300 SF well maintained center along busy retail corridor in Riverside County. 90% lease to long term retail & office tenants. NOI $78K/yr. $975K. 8.10% cap.
3. Shopping Center in Fontana, CA: 21,615 SF consisting of two retail center completed in 2009 on nearly 4 ac lot in high income (AHI $92K/yr) San Bernardino County.  Anchored by free-standing 7-Eleven. Across from Power Center, with Lowe’s, Petco and OfficeMax. On an off/on ramp of Hwy-210. 94% NNN leased. NOI $502K/yr. $7.733M. 6.50% cap.
4. Office Building in Fresno, CA: 6415 SF Class-B consisting of two buildings constructed in 2008 along major retail artery. 100% NNN leased to nine tenants. NOI $58K/yr. $1.099M. 5.28% cap.
5. MOB in Wildomar, CA: 36,307 SF Class-B medical office building on 3.75 ac lot in booming (342.33% pop growth since 2000) and high income (AHI $118K/yr in 1 mile) Riverside County. Across from252-bed Inland Valley Medical Center and next to I-15. 64% leased. Actual NOI $585K/yr. $7.5M. 7.80% actual cap. Upside potential.
6. Retail Center in Canton, GA: 14,727 SF attractive retail center built in 2004 on 1.70 ac lot in fast growing and high income ($106K/yr) Atlanta metro. Near Publix grocery center and I-575.  90% leased. NOI $218K/yr. $2.45M. 8.90% cap.
7. MOB in Hickory, NC: 12,348 SF Class-A medical office building completed in 1998 on .73 ac lot. Close to 335-bed Frye Regional Medical Center. 100% NNN lease with 5 yrs left to credit tenant with a certificate of need for this location (this means property with limited supplies). NOI $203K/yr. $2.5M. 8.14% cap.
8. Retail Center in Kingwood, TX: 18,170 SF newly constructed retail center on nearly 3 a lot in fast growing (27.11%) and affluent (AHI $156K/yr) North Houston suburbs. $3.25M. NOI/Cap not provided.
9. Shopping Center in Sugar Land, TX: 24,648 SF consisting of two beautiful retail buildings completed in 2002 on over 2 ac lot with excellent highway visibility in fast growing & high income (AHI $97K/yr within 1 mile) Houston suburbs. 82% NNN leased. NOI $262K/yr. $3.5M. 7.50% cap.

            (c) Transmercial 2013

11-22: Fresenius Dialysis Center, MOB, Shoppign Centers

1. Shopping Center in Indianapolis, IN: 30,285 SF attractive shopping center built in 2004 on 3+ ac lot in upper middle-class area. All units face main thoroughfare. 84% NNN leased. NOI $258K/yr. $2.775M. 9.32% cap.
2. Retail Center in Indianapolis, IN: 12,220 SF retail center completed in 2002 on over 1 ac lot at a hard corner location. Next to CVS Pharmacy. Excellent ingress/egress.  Across from 1,600,000 SF Emmett J. Bean Federal Center. 74% leased. NOI $120K/yr. $1.3M. 9.26% cap.
3. MOB in Berkley, MI: 12,000 SF medical office building renovated in 2012 along main corridor in Detroit suburbs. 100% NNNN leased to two medical practices. NOI $205K/yr. $2.652M. 7.75% cap.
4. Strip Center in Miami Gardens, FL: 7475 SF strip center built in 2007 on nearly 1 ac lot in Miami suburbs. Across from Walmart Supercenter and near Dolphin Sun Life Stadium. 100% NNN leased. NOI $192K/yr. $2.85M. 6.76% cap.
5. Strip Center in Peoria, AZ: 5052 SF attractive strip center in fast growing and high income (AHI $93K/yr) Phoenix suburbs. 100% leased to three tenants. NOI $79K/yr. $1.065M. 7.43% cap.
6. Office Building in Spokane Valley, WA: 18,368 SF Class-A office building completed in 1996 in fast growing area. Near I-90. NOI $142K/yr. $1.8M. 7.48% cap.
7. Retail Center in Surprise, AZ: 12,771 SF attractive retail center built in 2008 along major retail artery in a growing area Northwest of Phoenix metro. National tenants include: Pei Wei Asian Diner, Edward Jones and Jimmy Johns sandwich shop. NOI $199K/yr. $3.2M. 6.24% cap.
8. Office Building in Phoenix, AZ: 4408 SF well maintained office building on .96 ac lot. Near Walmart shopping center. 90% leased. NOI $44K/yr. $725K. 6.10% cap.
9. Fresenius in Lubbock, TX: 16,872 SF built-to-suit dialysis center close to I-27. New 15 yrs NNN corp lease. NOI $328K/yr with 1.7% annual rent increases. $4.866M. 6.75% cap. 

            (c) Transmercial 2013