07-25: Best Buy, Super 8 Model, Strip centers, Rite Aid, Medical office building

1. Best Buy in Roanoke, VA: 45,237 SF Best Buy on 4.65 acres lot as part of a shopping center anchored by Super Target, Staple, and Petsmart.  Next to Walmart supercenter, 800,000 SF Valley View Mall and I-581.  Absolute NNN lease till 2020.  NOI $519K/yr. $5.981M. 8.85% cap.  Buyer to assume $3.87M non-recourse loan.
2. Super 8 Motel in Austell, GA: 106-unit newly-renovated motel just off I-20 exit in Atlanta metro. Originally built as a La Quinta Inn & Suites in 1986, operated as Baymont Inn & Suites through October 2009 and recently converted to Super 8.  Price reduced to $2.19M. 
3. Strip Mall in Elk Grove Village, IL: 6880 SF strip mall in middle class Chicago metro.  100% NNN leased to 6 tenants.  NOI $72K/yr. Just $855K.  9% cap. 
4. Rite Aid in Douglasville, GA: 11,275 SF Rite Aid built in 1996 on 1.92 acres lot in middle class Atlanta suburbs.  New 20 yrs NNN lease.  NOI $270K/yr.  with 10% rent bump every 10 yrs. $2.95M. 9.15% cap.  Store with strong sales revenue of over $10M/yr. 
5. Tuffy Auto in Omaha, NE: 3900 SF auto service center built in 2007 on .63 ac outparcel to Super Target and across from Walmart Supercenter.  New 20 yrs NNN- corp lease.  NOI $111K/yr with 7.3% rent bump in 2013.  $1.369M. 8.15% cap. 
6. Retail Center in Marysville, CA: 6300 SF one-year old retail center on an outparcel to a CVS pharmacy in Northern CA.  Across from Walgreens.  100% NNN leased to 4 good tenants: Starbucks, Tri-Counties Bank, Yogurt store and Wireless store.  NOI $202K/yr. $2.85M. 7.12% cap. 
7. Single-tenant Retail center in Orlando, FL: 33,315 SF retail center on 2.37 acres corner lot.  $1.2M renovation in 2007 by tenant. 15 yrs absolute NNN corp lease to HHgregg, a publicly traded electronics and appliance retail with 174 store network.  NOI $522K/yr. $6.33M. 8.25% cap. 
8. Medical Office Building in Phoenix, AZ: 12,510 SF multi-tenant medical office building on 1 ac lot.  83% NNN leased.  Current NOI $172K/yr. $1.85M. 9.3% cap. 
9. 7-11 center in Corona, CA: 4385 SF retail center on .37 acre corner lot in Southern CA.  100% occupied by 7-11 (new 10 yrs lease), and an insurance tenant.  NOI $103K/yr. $1.433M. 7.25% cap. 
10. 7-11 center in El Cajon, CA: 4500 SF retail center on .46 ac lot in San Diego metro.  100% leased to 7-11 (new 10 yrs lease) and a Laundromat.  NOI $113K/yr. $1.505M. 7.51% cap.

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