11-26: Advance Auto Parts, O'Reilly Auto Parts, CVS, Walgreen's, MOB, Inline Center

1. Advance Auto Parts(S&P BBB-) in Des Moines, IA: 7,000 SF Advance Auto Parts retail building constructed in 2006 on 1.44 ac lot at a busy corridor. 15 yrs NNN- corp lease with 8+ yrs left. NOI $117K/yr with a 10% rent bump in 2017. $1.561M. 7.50% cap.
2. Shopping Center in Houston, TX: 79,270 SF well maintained matured  shopping center on 8 acres of land anchored by a 30,891 SF Fiesta Mart grocery; a regional tenant with 62 locations, Family Dollar and free-standing Chase Bank. Next toI-45. 100% NNN leased. NOI $716K/yr. $8.95M. 8% cap.
3. Inline Center in Eustis, FL: 15,100 SF attractive inline center on 1.55 ac lot in Orlando suburbs. Across from Publix anchored center.  Shadow anchored by Kohl’s and anchored by Dollar Tree. 100% leased to 3 tenants. NOI $200K/yr. $2.505M. 8% cap.
4. Retail Center in Fort Worth, TX: 7,900 SF retail center built in 2011 on 1.56 ac lot at a signalized intersection anchored by 7-Eleven in fast growing and affluent neighborhood with AHI of $120K/yr in 1 mile. Tenants include: 7-Eleven, Premium Title Lending, PC69, Bella Cleaners and Liberty Tax. 100% NNN leased. NOI $189K/yr. $2.524M. 7.50% cap.
5. MOB in Florence, KY: 17,706 SF well kept medical office building renovated in 2007 in Cincinnati suburbs. Tenants include:. 100% NNNN leased to 4 medical tenants including Fresenius Medical Care (52+% of the building), Terry V Gruelle, DDS, Kidney Disease Consultants and Richard K Mullins DMD . NOI $275K/yr. $3.443M. 8% cap.
6. O’Reilly Auto Parts in Chico, CA: 8000 SF well maintained auto parts retail building on .72 ac lot in a growing city in Northern CA. Close to North Valley Plaza Mall and Hwy-99.  100% absolute NNN lease with 5 yrs left. NOI $152K/yr. $2.252M. 6.75% cap.
7. CVS in Tuscaloosa, AL: 10,055 SF drive-thru CVS drug store built in 2001 on 1.53 ac lot at a busy corner location in growing (59.92%) and well-off (AHI $100K/yr) town . 100% NNN-lease with 9 yrs left. NOI $170K/yr with unusual 5% rent bumps every 5 yrs. $2.44M. 7% cap.
8. Walgreen’s in Aurora, CO: 14,490 SF drug store built in 2003 on 2+ ac corner lot in high income Denver suburbs. 100% NNN corp lease with 15 yrs left. NOI $368K/yr. $5.257M. 7% cap.
9. Shopping Center in Surprise, AZ: 27,205 SF shopping center built in 2004 on 3.32 acres of land in growing Phoenix suburbs. Shadow anchored by Kohl’s and across from Walmart, Home Depot and Target anchored power centers. 100% NNN leased. NOI $492K/yr. $5.797M. 8.50% cap.

© Transmercial 2012