03-12: Napa Auto Parts, MOB's, Strip Centers

1. MOB in Las Vegas, NV: 19,394 SF Class-A medical office building completed in 1997 at a hard corner location and in high income area. Across from Albertson’s & CVS center. Close to 340-bed Mountain View Hospital and Hwy-95. 85% leased to 4 tenants, 3 of them medical/dental. NOI $207K/yr. $2.75M. 7.54% cap.
2. Napa Auto Parts in Vallejo, CA: 7500 SF auto center renovated in 2006 on .61 ac lot at a signalized corner location Northeast of San Francisco. 100% NNN- lease with 10-yrs left to experienced franchisee. NOI $117K/yr with 10% rent bump in 2019. $1.468M. 8% cap.
3. Retail Center in Greenwood, IN: 12,200 SF attractive retail center built in 2008 on 1.28 ac outparcel to Greenwood Park Mall in Indianapolis suburbs. 100% NNN leased with excellent tenant mix. NOI $259K/yr. $2.975M. 8.70% cap.
4. MOB in Bloomington, IN: 15,946 SF Class-A medical office building completed in 1996 on 1 ac lot close to 293-bed IU Health Bloomington Hospital and Monroe Hospital. 100% NNN lease with 8-yrs left to Urology Medical Practice/Ambulatory Surgery Center. NOI $384K/yr. $4.5M. 8.54% cap.
5. Professional Buildings in Peoria, AZ: 10,170 SF consisting of two buildings constructed in 1999 in fast growing Phoenix suburbs. 100% leased to multiple tenants, most of them medical. NOI $151K/yr. $1.85M. 8.20% cap.
6. MOB in Greenville, NC: 18,272 SF Class-A medical office building on 1.50 ac lot in fast growing (120.74% pop growth since 2000) area. Near Vidant Medical Center. 100% NNN lease with 5-yrs left to ECU Physicians. NOI $245K/yr. $2.8M. 8.75% cap.
7. Strip Center in San Antonio, TX: 11,960 SF strip center built in 2007 on 1+ ac corner lot in growing and upper middle class area. 100% leased with long term tenants. NOI $178K/yr. $2.5M. 7.13% cap.

            (c) Transmercial 2014.