04-17: Dollar General, CVS, Tuffy Auto, CBA, Family Dollar, MOB, Advance Auto Parts

1. Dollar General in Dallas, TX: 8629 SF recently renovated Dollar General on .85 ac lot. Adjacent to a newly constructed Sam’s Club and Walmart Supercenter under construction. 15-yrs NNN- lease. NOI $106K/yr with 3% rent increases every 5 yrs after yr 10. $1.414M. 7.50% cap.  
2. CVS Pharmacy in Hickory, NC: 10,125 SF well-located free-standing building constructed in 1999 on 1.42 ac lot at primary state Hwy-127. In highly desirable North Carolina region. 20 NNN- lease with 8 yrs left. NOI $187K/yr with a rent increase in 2014. $2.502M. 7.5% cap. 
3. Tuffy Auto Service Center in Batavia, IL: 4216 SF auto care center built in 2001 on .53 ac lot. In growing and affluent (AH $107K/yr in 1 mile) West of Chicago. 20 yrs NNN- lease with 9 yrs left to Tuffy Auto with 400 locations. NOI $98K/yr with 10% rent increases every five yrs. $1.345M. 7.34% cap.  
4. Retail Building in Santa Fe Springs, CA: 12,914 SF retail center near I-5 exit, completely renovated in 2008.  Anchored by a 9,582 SF Fresenius Medical Care center.  In densely-populated, middle-class Los Angeles area with 600K residents in 5 miles. 100% NNN leased to 2 tenants. NOI $310K/yr. $4.4M. 7.06% cap.  
5. Christian Brothers Automotive in Land O’ Lakes, FL: 4921 SF newly constructed auto center along State Road-54. In growing (26.37% pop growth since 2000) & middle-class (AHI $76K/yr in 1 mile) Tampa suburbs. 15-yrs absolute NNN corp lease. NOI $192Kyr with 1½% annual rent bumps. $2.648M. 7.25% cap.  
6. Family Dollar in Memphis, TN: brand-new 8500 SF Family Dollar on 1.29 ac lot across from Hickory Ridge Mall. 10-yr NNN- lease to credit tenant. NOI $124K/yr. $1.531M. 8.15% cap.  
7. MOB in La Vergne, TN: 3000 SF well-maintained single-tenant urgent care center on .37 ac lot across from Kroger anchored center. In growing Nashville suburbs. New 10 yrs NNN lease. This is a sale & leaseback investment. NOI $78K/yr. $899K. 8.76% cap.  
8. Strip Center in Spartanburg, SC: 7478 SF strip center outparcel to The Dorman Centre and across Westgate Village and near I-26. Surrounded by Wal-mart, Home Depot, Lowes, and Best Buy. 100% NNN leased to Franchise Mart, American’s Mattress, Wing Stop and Direct Insurance. NOI $137K/yr. $1.6M. 8.60% cap.  
9. Inline Center in Pomona, CA: 7224 SF well-maintained inline center on .52 ac lot at a busy corner lot in densely populated LA suburbs. 100% NNN leased to 5 tenants. NOI $127K/yr. $1.94M. 6.60% cap. 
10. Advance Auto Parts in Universal City, TX: 7000 SF single-tenant retail building constructed in 2001 on 1+ ac lot in San Antonio suburbs. Tenant has been at this location for 10 yrs and just exercised 5 yrs option. 100% NNN- lease. NOI $102K/yr. $1.363M. 7.50% cap.

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