08-07: DaVita, Mixed-use, Carl's Jr. Starbucks, CVS, Retail Buildings

1. DaVita in Scottsdale, AZ: 7338 SF well maintained dialysis center on .54 ac lot in Phoenix suburbs. Across from 337-bed Scottsdale Healthcare Osborn Medical Center. Near Banner Behavioral Health Center. Tenant has been at this location since 1994. 100% NN lease with over 3-yrs left. NOI $131K/yr. $1.975M. 6.68% cap.
2. Retail Center in Wheat Ridge, CO: 14,400 SF attractive retail center on 1.89 ac lot at a signalized intersection in growing middle-class Denver suburbs. Across from Super Target Center and near I-70. 85% NNN leased. Actual NOI $207K/yr. $3.3M. 6.29% cap.
3. Office Building in League City, TX: 4800 SF Class-B office building in growing and high income (AHI $106K/yr) Houston suburbs. 100% leased to multiple-tenants. NOI $72K/yr. $1.03M. 7% cap.
4. Mixed-use in Columbia, SC: 18,411 SF well kept retail & office building on over 1 ac lot. Close to Columbia Mall. 89% leased. $1.65M. NOI/Cap N/A.
5. Carl’s Jr in San Antonio, TX: 2941 SF brand new franchised fast food restaurant on 1.65 ac lot at a hard corner location. Next to I-410. New 20-yrs NNN lease to a franchisee with 150 units. NOI $159K/yr. $2.461M. 6.50% cap.
6. Office Building in San Leandro, CA: 5564 SF Class-B multi-tenant office building in middle-class area East of San Francisco. Close to San Leandro Hospital. 58% leased. Actual NOI $85K/yr. $949K. 9% cap.  Note: speculate NOI is pro forma.
7. Starbucks Coffee in Houston, TX: 1758 SF Starbucks Coffee built in 2006 on .51 ac lot along major artery. Close to Lone Star College. New 8-yrs NNN- corp lease. NOI $79K/yr with 10% rent increase in 2017. $1.381M. 5.75% cap.
8. Retail Center in Toledo, OH: 23,295 SF well maintained shopping center built in 2009 on 2 ac lot at a major retail corridor. Close to I-90/80. 99% NNN leased. NOI $213K/yr. $2.25M. 9.50% cap.
9. Retail Center in Wausau, WI: 21,930 SF retail center on 2.78 ac lot at a signalized intersection in upper middle-class area. Across from Walmart Supercenter, T.J. Maxx and Sam’s Club. With easy access to Hwy-29. 98% NNN leased. NOI $314K/yr. $3.695M. 8.50% cap.
10. CVS in Lebanon, TN: 13,225 SF under construction CVS Pharmacy on 1.42 ac lot at a hard corner location in Nashville suburbs. Close to University Medical Center. 25-yrs NNN corp ground lease (land is for sale). NOI $123K/yr. $2.476M. 5% cap.

            (c) Transmercial 2014