05-01: Surgery Center, Fresenius, KinderCare, Wendy's, HCR ManorCare, Jiffy Lube

1. Medical Office building in Jacksonville Beach, FL: 28,302 SF 2-story class-A MOB on 3.45 ac lot with A1A Highway frontage in affluent Jacksonville Beach (AHI $93K/yr in 1 mile) in Jacksonville suburbs.  Anchored by 14,450 SF Jacksonville Beach Surgery Center.  100% NNN leased to 4 medical tenants.  NOI $643K/yr. $8M. 8.3% cap. 
2. Shopping Center in Chesterfield Township, MI: 41,569 SF shopping center built in 1995 on 15.87 acres of land in fast growing & middle-class (AHI $73K/yr in 3 miles) Detroit suburbs.  Anchored by a 9728 SF O’Reilly Auto Parts and Aspen Dental. 100% NNNN leased to 7 tenants. NOI $528K/yr. $6.1M. 8.66% cap. 
3. Fresenius in Fishers, IN: brand new 8500 SF dialysis center next to I-69, across from St Vincent Medical Center Northeast and near IU Heath Hospital Saxony. In affluent Indianapolis suburbs (AHI $102K/yr). New 15 yr NNN lease. NOI $158K/yr. $2.26M. 7% cap. 
4. Jiffy Lube in Las Vegas, NV: 4075 SF newly constructed Jiffy Lube on .48 ac lot in upper middle class area with AHI of $87K/yr in 1 mile.  Close to St. Rose Dominican Hospital and I-215. 100% NNN corp lease with 14 yrs left. NOI $124K/yr with 10% rent increases every 5 yrs. $1.85M. 6.75% cap.  
5. KinderCare in Maplewood, MN: 6175 SF well-maintained day care center on 1+ ac lot in high income Saint Paul metro.  Close to Heatheast St. John’s Hospital, Maplewood Mall and next to I-694. Stable tenant: been here since 1982. 100% absolute NNN lease to a national childcare provider. NOI $82K/yr. $1.027M. 8% cap. 
6. Shopping Center in Cincinnati, OH: 61,864 SF shopping center renovated in 2009 on 5.66 ac lot anchored by 30,386 SF hhgregg Appliances and next to Kings Auto Mall and I-71 at major retail artery.  93% NNN leased. NOI $764K/yr. $9.425M. 8.11% cap.  
7. Wendy’s in Port Saint Lucie, FL: 2965 SF free-standing restaurant built in 1997 on 1.26 ac lot with Hwy-1 frontage in a fast growing city. 100% absolute NNN lease with 6 yrs left to strong operator with 12 units. NOI $117K/yr with a 7.5% rent increase in 2016. $1.571M. 7.50% cap.
8. Shopping Center in Spring, TX: 50,090 SF shopping center consisting of four buildings on 4 ac lot next to I-45. In fast growing and well-off (AHI $88K/yr in 3 miles) Houston metro. 80% NNN leased to 23 tenants. NOI $427K/yr. $4.5M. 9.50% cap. Upside Potential. 
9. Health Care Center in Allentown, PA: 150-bed Nursing and rehab center in growing area. 100% absolute NNN lease with 24 yrs left to HCR Manorcare; a leading provider of skilled nursing & rehabilitation services. NOI $311K/yr with annual rent increases. $4.6M. 6.78% cap. 
10. Strip Center in Milpitas, CA: 8400 SF strip center on 1.19 ac lot just 1.4 miles from Great Mall. 100% leased to 6 tenants. NOI $174K/yr. $2.9M. 6% cap.

© Transmercial 2012