03-19: Napa Auto Parts, Denny's, Office Building, Neighborhood Center

1. Neighborhood Center in Phoenix, AZ: 123,172 SF attractive shopping center on over 10 ac lot at a hard corner location. Shadow anchored by Safeway and Walgreens. Near Hwy-51. 83% leased. NOI $1.009M/yr. $15.525M. 6.50% cap. 
2. Napa Auto Parts in Brandon, FL: 7901 SF well kept auto parts store built in 1996 on nearly 1 ac lot close to Westfield Brandon Mall and I-75. Tenant has been at this location since 1996. New 10½-yrs absolute NNN corp lease. NOI $79K/yr with 7½% rent bumps every 5-yrs. $1.266M. 6.25% cap.
3. Retail Center in Rex, GA: 9600 SF attractive retail center built in 2004 on 3.90 ac lot in fast growing Atlanta suburbs. Close to I-675. 100% NNN leased to seven tenants. NOI $64K/yr. $795K. 9% cap.
4. Napa Auto Parts in Atlanta, GA: 8078 SF attractive auto center built in 1993 on .72 ac lot in growing and high income (AHI $115K/yr) area. Adjacent to major Power Centers and close to I-285. Tenant has been at this location since 1993. New 10½-yrs absolute NNN corp lease. NOI $93K/yr with 7½% rent bumps every 5-yrs. $1.496M. 6.25% cap. 
5. Apartments in El Sobrante, CA: 10-units well maintained multifamily buildings in Contra Costa County. Close to schools, parks, Hilltop Mall and I-80. 90% occupied. NOI $95K/yr. $1.53M. 6.25% cap. 
6. Denny’s in Syracuse, NY: 4497 SF Denny’s restaurant on 1+ ac lot in densely populated area. Along major artery and near Shoppingtown Mall. Tenant has been at this location since 1995. Recently executed 10-yrs absolute NNN lease. NOI $100K/yr with a rent bump in 2020. $1.6M. 6.25% cap. 
7. Office Building in Sacramento, CA: 15,548 SF Class-B office building on .89 ac lot. Close to Arden Fair Mall and I-80. 100% leased to multiple tenants. NOI $142K/yr. $1.85M. 7.71% cap.

(c) Transmercial 2014