06-19: CVS, O'Reilly Auto Parts, Master Kids Academy, Davita, Apartments, Retail Centers

1. CVS in North Attleboro, MA: 15,900 SF attractive drive-thru pharmacy on 2 ac lot Providence MSA. At a corner of a 3-way intersection and off Hwy-1. Close to Emerald Square Mall and I-295. Tenant has been at this location since 1986. 20-yrs NNN lease in 2002 with 9-yrs left. NOI $524K/yr. with rare rent bumps every 5 years.  $7.768M. 6.75% cap.
2. Shopping Center in Dallas, TX: 85,295 SF consisting of three retail centers at a signalized intersection. On an off/on ramp of I-20. Renovated in 2012. National tenants include: 15,725 SF Anna’s Linens and Dollar Tree, Taco Bell/Long John Silver’s. 94% leased to 20 tenants. NOI $649K/yr. $7.495M. 8.66% cap.
3. O’Reilly Auto Parts in Fairfield, CA: 9900 SF O’Reilly auto Parts on .98 ac lot along main corridor in Northern CA. Near Home Depot, Target and I-80. New 15-yrs NNN lease. NOI $121K/yr. $2.308M. 5.25% cap.
4. Medical/Retail Center in Grand Prairie, TX: 8054 SF attractive retail center built in 2013 on .89 ac lot at a signalized intersection in fast growing Dallas/Fort Worth suburbs. 100% leased to DaVita and Dos Amigos Insurance both with 10 yrs leases. NOI $153K/yr. $2.186M. 7% cap.
5. Shopping Center in North Richland Hills, TX: 29,406 SF well maintained shopping center on over 2 ac lot in Fort Worth suburbs. All units face main corridor. Close to I-820. Major tenants consist of First Cash Financial, Absolute Smile Dental, La Conchita, Car Sounds, Sandy' s Restaurant, H&R Block, and Buddy' s Home Furnishings. 100% with mostly NNN leases.  NOI $336K/yr. $3.956M. 8.50% cap.
6. Retail Center in Fort Worth, TX: 21,023 SF retail center constructed in 2007 on nearly 3 ac outparcel to Aldi Grocery. 86% NNN leased to Dollar Tree, ProCuts, Sally Beauty, Planet Burger, Metro PCS, Texas Loan, Steam Monkey, a Gyro Shop kiosk, and Bank of America ATM. Near I-820. NOI $284K/yr. $3.85M. 7.38% cap.
7. Master Kids Academy in Altamonte Springs, FL: 10,780 SF well maintained day care facility in growing Orlando suburbs. Close to Altamonte Mall and I-4. 100% NNN- lease with 8-yrs left. NOI $137K/yr. $1.7M. 8.06% cap.
8. Apartments in Lancaster, CA: 15-units well maintained multifamily complex on .75 ac lot in growing middle-class area. 87% occupied. NOI $91K/yr. $1.185M. 7.70% cap.
9. Neighborhood Center in Reno, NV: 57,896 SF shopping center built in 2004 in growing (384% pop growth since 2000) and high income (AHI $94K/yr in 3-miles) area. Shadow anchored by Smith’s Grocery. Across from Renown South Meadows Medical Center and near I-580. 73% leased to national/regional tenants. NOI $855K/yr. $12.495M. 6.85% cap. Upside potential when fully leased.

            (c) Transmercial 2014