06-27: Starbucks Coffee, DaVita, Firestone, Office Building, Business Center

1. Shopping Center in Fairfield, CA: 42,657 SF recently renovated shopping center on over 3 ac lot in upper middle-class Solano County. Across from Westfield Solano Mall and along I-80. 100% NNN leased with good tenant mix.  NOI $581K/yr. $8.5M. 6.90% cap.
2. Retail Building in Richland, WA: 52,527 SF shopping center consists of 26,239 SF Hastings Store with136 locations and 23,912 SF Ace Hardware with over 4,700 stores on 4 ac lot along busy corridor with 32,000 CPD. 100% NNN leased to 2 credit tenants. NOI $423K/yr. $5.43M. 7.80% cap.
3. Strip Center in Cumming, GA: 9600 SF attractive strip center built in 2007 on 1.50 ac lot in growing (122% pop growth) and affluent Atlanta metro with an AHI of $147K/yr in 1 mile radius. 100% NNN lease to strong tenants. $2M. NOI/Cap N/A.
4. Retail Building in Phoenix, AZ: 9,141 SF retail center built in 2005 on 1.24 ac lot adjacent to Walgreens on busy thoroughfare near I-10. 100% NNN leased. NOI $118K/yr. $1.48M. 8% cap.
5. Starbucks Coffee in Burlington, NC: 2973 SF drive-thru Starbucks Coffee outparcel to newly renovated Holly Hill Mall in Greensboro suburbs. Near Alamance Regional Medical Center and I-40/85. Recently extended NN lease with 11-yrs left.  NOI $65K/yr. $1.095M. 6% cap.
6. DaVita in Las Vegas, NV: 4800 SF kidney dialysis center built in 2006 on ½ ac lot near Valley Hospital Medical Center and University Medical Center. 100% NNN lease with 4-yrs left. NOI $193K/yr with 3% annual rent increases. $2.783M. 7% cap.
7. Business Center in Ontario, CA: 54,820 SF Class-B business center on 3 ac lot at a signalized intersection in San Bernardino County. Close to I-15. 92% leased to multiple tenants. NOI $503K/yr. $8.1M. 6.22% cap.
8. Office Buildings in Arlington, TX: 23,070 SF consisting of four attractive office buildings in Fort Worth/Dallas suburbs. Across from Six Flags Hurricane and near Six Flags Over Texas, a 212 ac theme park and I-30. NOI $154K/yr. $2.2M. 7% cap.
9. Firestone in The Colony, TX: 7575 SF auto care center in affluent (AHI $113K/yr in 3 miles) Dallas suburbs. Next/visible to Hwy-121. 100% NN corp lease with 7-yrs left. NOI $196K/yr. $2.708M. 7.25% cap.

            (c) Transmercial 2014