11-22: Rite Aid Pharmacy, Retail Building, Shopping Center For Sale

AHI: Avg. Household Income

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. Free Standing Retail Building in Moreno Valley, CA: 11,852 newly constructed single-tenant retail building at hard corner location with ample parking near Fwy-215. 100% NNN leased with 3% annual rent increases. NOI $369K/yr. $4.1M. 9% Cap.
2. Rite Aid Pharmacy in Marshfield, MA: 13,876 SF Rite Aid Pharmacy on 2.99 acres of land in growing wealthy (AHI $109K/yr within 3-miles radius) southeast of Boston suburbs. 100% absolute NNN lease with scheduled 10% rental increases every 10 yrs. NOI $247K/yr. $2.892M. 8.55% Cap.
3. Retail Building in San Jose, CA: 4100 SF retail building on .34 acre lot close to Regional Medical Center of San Jose use as Adult Day Care. 100% NNN leased. NOI $69K/yr. $1.150M. 6% Cap. Ideal for owner user!
4. Shopping Center in Sacramento, CA: 38,744 SF shopping center on 4 acres of land at a signalized corner just minutes from I-80/5. 80% leased. NOI $651K/yr. $8.047M. 8.10% Pro forma Cap.   
5. Shopping Center in Las Vegas, NV: 63,759 SF neighborhood center constructed in 2004 on 8.64 acres of land. 60% leased to local, regional and national tenants. NOI $663K/yr. $8.5M. 7.8% Cap. Upside potential when fully leased.
6. Office Building in Charlotte, NC: 33,600 SF attractive Class-A multi-tenant office building recently renovated conveniently located near I-77. 100% leased to a diverse mix of tenants. NOI $289K/yr. $3.393M. 8.5% Cap.
7. NextCare Medical Office in Phoenix, AZ: 4321 SF medical building next to Walgreens in fast growing area just one block from I-10. 100% NNN leased till 2017. NOI $112K/yr. $1.4M. 8% Cap.
8. Retail Center in Bend, OR: 15,000 SF well-maintained retail center built in 2006 with good tenant mix: Quizno’s, Double Happiness, Super Cuts, MK Nails, Bits & Pieces Framing and Premier West Bank. NOI $214K/yr. $2.750M. 7.81% Cap.       

© Transmercial 2010.  All rights reserved.