- Fresenius in University City, MO: 8360 SF dialysis center built in 2001 on 1.35 ac lot in St. Louis suburbs. 100% absolute NNN lease with 7+ yrs left. Tenant recently extended 1st 5-yr option. Tenant has been at this location since 2001. NOI $293K/yr with 3% annual rent increases (to be reduced to $196K/yr in 2016 with 3% annual rent bumps). $3.2M. 7.62% cap.
- Professional Plaza in Albany, CA: 18,000 SF attractive professional plaza in high income San Francisco metro with an AHI of $106K/yr. Close to I-80/580. 100% leased to medical/professional tenants. NOI $417K/yr. $5.9M. 7.10% cap.
- LensCrafters in Indianapolis, IN: 7,320 SF well maintained built-to-suit retail building on nearly 1 ac lot at a hard corner location and along main retail corridor. Across from Lafayette Square Mall and near I-65. 100% NNN leased to LensCrafters with 4 yrs left. NOI $109K/yr. $950K. 11.70% cap.
- Shopping Center in North Richland Hills, TX: 22,260 SF shopping center built in 2008 on 2.69 ac lot in fast growing and affluent (AHI $152K/yr in 1 mile) Ft Worth/Dallas suburbs. Across from Walmart Supercenter. 100% leased. NOI $440K/yr. $5.5M. 6% cap.
- Lone Star Steakhouse in Lake Elsinore, CA: 6900 SF Lone Star Steakhouse completed in 2008 on 1.27 ac lot in growing Riverside County. Off/on & visible from I-15. Close to 369,000 SF Lake Elsinore Outlets. 100% NNN lease with 9 yrs left. NOI $144K/yr. $2.4M. 6% cap.
- Fresenius in New Orleans, LA: 14,373 SF built-to-suit newly constructed dialysis center on 2.60 ac lot close to 473-bed Ochsner Medical Center. 100% NNN lease. NOI $362K/yr. $5.363M. 6.75% cap.
(c) Transmercial 2014
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