02-25: Chevron Gas Station, Maineke/Econo Lube, DaVita, FedEx Kinko's

1. Chevron Gas Station in Sunnyvale, CA: 1700 SF renovated Chevron gas station with convenience store and car wash on .42 ac lot at a signalized intersection in an affluent city in Silicon Valley.  Along major retail artery and close to Hwy-101. Station with $5.4M in annual gas sales revenue. Sale of business & real estate. NOI $353K/yr. $3.925M. 9% cap.
2. Retail Center in Apex, NC: 7331 SF attractive retail center built in 2008 on 1.30 ac lot in fast growing and high income Raleigh suburbs. Across from Wakemed Apex Healthplex. 100% NNN leased to Verizon Wireless and Yong-In Martial Arts. NOI $201K/yr. $2.621M. 7.69% cap.
3. Retail Center in Edinburg, TX: 61,756 SF attractive retail building on over 6 ac lot in fast growing McAllen suburbs. 100% NNN leased to Family Dollar and Teleperformance. NOI $514K/yr. $5.571M. 9.24% cap.
4. Meineke/Econo Lube in Surprise, AZ: 2552 SF auto center constructed in 2006 on 1 ac lot in growing Phoenix suburbs. Along main retail artery and adjacent  to Walgreens. 15-yrs absolute NNN lease with 7-yrs left. NOI $92K/yr with annual rent increases. $1.371M. 6.75% cap.
5. Retail Center in Holland, MI: 16,697 SF well maintained retail center on 1.73 ac lot in Grand Rapids suburbs. 100% NNN leased to Arby’s (ground lease), Dollar Tree, Big Apple Bagels and Upper Cut Salon. NOI $155K/yr. $1.804M. 8.62% cap.
6. Strip Center in Palm Springs, FL: 6968 SF well kept strip center on .70 ac lot at a busy thoroughfare North of Fort Lauderdale. 100% leased to 6 tenants. NOI $65K/yr. $879K. 7.50% cap.
7. Mixed-use in Carson, CA: 5060 SF office/retail center built in 1990 at a signalized corner location in densely populated Los Angeles County. Close to LA County Harbor-UCLA Medical Center and I-110. 100% leased. NOI $75K/yr. $1.12M. 6.74% cap.
8. Shopping Center in Mesa, AZ: 34,405 SF well maintained shopping center on 3+ ac lot at a hard corner location. 97% leased. NOI $254K/yr. $3.65M. 7% cap.
9. DaVita in Hanford, CA: 9468 SF attractive dialysis center in growing Kings County. Near Adventist Medical Center and Hwy-198. Tenant has been at this location since 1999. 100% leased with 5 yrs left. NOI $91K/yr. $1.3M. 7% cap.
10. FedEx Kinko’s in Syracuse, NY: 6000 SF single-tenant retail building constructed in 1999 on an off/on ramp of I-690. 100% NNN lease with 6 yrs left. NOI $102K/yr. $1.37M. 7.5% cap.

            (c) Transmercial 2014