09-17: Liberty Dialysis, Burger King, Rite Aid, DaVita, MOB, Shopping Centers

1. Liberty Dialysis in Castle Rock, CO: 8,450 SF Class-A dialysis center built in 2005 on .53 ac lot in fast growing and affluent Denver suburbs with an AHI of $101K/yr. Adjacent to Walmart Supercenter, brand new Natural Grocers and Target. 100% NNN- lease with 5-yrs left to Liberty Dialysis (owned by Fresenius Medical Care). NOI $284K/yr with 3% annual rent increases. Price reduced from $3.64M to $3.157M. 9% cap.
2. Burger King in Oceanside, CA: 3348 SF drive-thru fast food restaurant remodeled in 2000/2001 on .53 ac lot in a coastal city in Southern California. On an off/on ramp of I-5. 100% absolute NNN corp ground lease (only the land is for sale) with 4-yrs left. NOI $39K/yr. $885K. 4.5% cap.
3. Rite Aid in Vandalia, OH: 11,180 SF well maintained double drive-thru Rite Aid Pharmacy completed in 1997 on nearly 2 ac lot at a hard corner location in Dayton suburbs. Near I-75. 100% NNN- corp lease with 13-yrs left. NOI $210K/yr. $3M. 7% cap.
4. Shopping Center in South Jordan, UT: 34,016 SF attractive shopping center constructed in 2004 on 3.86 ac lot in growing and affluent (AHI $108K/yr) Salt Lake City suburbs. Shadow anchored by Walmart Neighborhood Market. 91% leased. NOI $381K/yr. 5.087M. 7.50% cap.
5. DaVita Portfolio in Savannah, GA: 23,838 SF Class-A consisting of four free standing dialysis centers. 100% NNN lease with 8-yrs left. NOI $364K/yr. $4.5M. 8.10% cap.
6. MOB in Bourbonnais, IL: 53,653 SF Class-B medical office building on 6 ac lot in a growing and upper middle class area. 98% NNN leased to Provena Health and Camelot Schools, a therapeutic day school serving multi-need students who are typically on the autism spectrum, orthopedically impaired or developmentally delayed. NOI $819K/yr. $9.1M. 9% cap.
7. Retail Buildings in Cypress, TX: 19,165 SF consisting of two quality constructed retail buildings on over 2 ac lot along Hwy-290. In fast growing (76% pop growth since 2000) and affluent (AHI $116K/yr in 3 miles) Houston suburbs.  100% leased to eight tenants. NOI $559K/yr. $7.72M. 7.25% cap.
8. MOB in Germantown, TN: 10,800 eye-catching single-tenant medical office building constructed in 2005 on .87 ac lot in high income (AHI $93K/yr) Memphis suburbs. New 12-yrs NNN lease to an established tenant. NOI $232K/yr with 2% annual rent increases. $3.32M. 7% cap.
9. MOB in Colorado Springs, CO: 4838 SF Class-A newly constructed multi-tenant medical office building in booming (2,387% pop growth since 2000) and high income area. Close to St. Francis Medical Center. 100% leased. NOI $72K/yr. $1M. 7.20% cap.
10. Retail Center in Abingdon, MD: 6850 SF well kept retail center on .62 ac lot in high income Baltimore MSA with an AHI of $95K/yr in 3 miles. With easy access to I-95. 100% NNN leased. NOI $100K/yr. $1.25M. 8% cap. 

            (c) Transmercial 2014