- Cash America in San Antonio, TX: 6071 SF well maintained retail center on .61 ac lot at a hard corner location. Close to I-37. 100% absolute NNN lease with 4-yrs left. NOI $59K/yr. $816K. 7.25% cap.
- Auto Zone in San Jose, CA: 7000 SF Auto Zone and 2000 SF OPA Restaurant along major artery in high income (AHI $97K/yr in 1 mile) Silicon Valley. Close to Westfield Oakridge Mall and Hwy-85. 100% NNN leased. NOI $149K/yr. $2.995M. 5% cap.
- Neighborhood Center in Riverside, CA: 91,498 SF neighborhood center in fast growing Southern California. Across from Galleria at Tyler and near Kaiser Permanente Riverside. Next to Hwy-91. 93% NNN leased. Actual NOI $1.1M/yr. $14.75M. 7.50% actual cap. Upside potential when fully leased.
- Just Brakes in Fort Worth, TX: 3873 SF auto service center on .46 ac lot at a major retail corridor and in fast growing area. Across from Home Depot, near Walmart Supercenter and I-820. 15 yrs absolute NNN lease with 9- yrs left. NOI $108K/yr with 10% rent increases every 5 yrs. $1.61M. 6.75% cap.
- Spunk Fitness in Silver Spring, MD: 22,371 SF well maintained Health Club on .83 ac lot in high income Washington metro with an AHI of $97K/yr in 3 mile radius. 10-yrs NNN lease with 9-yrs left to regional tenant with 5 locations. NOI $225K/yr. $3M. 7.50% cap.
- DaVita in Hawaiian Gardens, CA: 7099 SF dialysis center built in 2009 on .60 ac corner lot in densely populated Los Angeles County. Close to Tri-City Regional Medical Center and I-605. 100% absolute NNN lease with 7-yrs left. NOI $318K/yr. $5.25M. 6.07% cap.
(c) Transmercial 2014
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