09-18: DaVita, Planet Fitness, Apartments, Retail Plaza, Office Buildings

1. Retail Center in Boynton Beach, FL: 12,000 SF attractive retail center built in 2004 on nearly 1 ac lot along major corridor in Fort Lauderdale suburbs. Near I-95. 100% leased. NOI $172K/yr. $2.65M. 6.50% cap.
2. DaVita in Kenner, LA: 6000 SF Class-A dialysis center in New Orleans suburbs. Close to Ochsner Medical Center. Recently extended NNN lease till 2024. NOI $114K/yr. $1.688M. 6.75% cap.
3. Retail Center in San Leandro, CA: 12,349 SF well maintained retail center anchored by 8000 SF Marina Market in upper middle-class area East of San Francisco. 100% NNN lease to five tenants. NOI $123K/yr. $2.25M. 5.46% cap.
4. Office Building in Miami, FL: 26,000 SF Class-B office building constructed in 2005 on 1.40 ac corner location. 100% leased to multiple tenants. NOI $188K/yr. $2.8M. 6.70% cap.
5. Retail Plaza in New Haven, CT: 50,316 SF shopping center consisting of three buildings complete in 2009 on over 7 ac lot . Major tenants include: TD Bank (on ground lease) Goodwill, Auto Zone and MobilePlay. 95% NNN leased. NOI $582K/yr. $8.03M. 7.25% cap.
6. Retail Center in McKinney, TX: 13,918 SF retail center built in 2007 on 1.85 ac lot in a fast growing and high income (AHI $90K/yr) Dallas metro. Tenants include: Scooter's Coffee & Yogurt, Virginia Nail Salon, Happy Donuts, Performant Fitness Center, Marco's Pizza, North Texas Pharmacy, and Outdoor Living Pool & Patio.  92% NNN leased. NOI $243K/yr. $3.475M. 7% cap.
7. Planet Fitness in Albuquerque, NM: 16,464 SF attractive fitness center at a signalized intersection in growing and high income (AHI $80K/yr) area. Close to Cottonwood Mall. 10-yrs absolute NNN lease with 9-yrs left. NOI $181K/yr with 13% rent increase in year 6. $2.8M. 6.5% cap.
8. Strip Center in South Gate, CA: 9463 SF well maintained strip center on .71 ac corner lot at two signalized intersections in densely populated Los Angeles area with over 1M residents in 5 miles ring. Near I-710. 100% leased. NOI $73K/yr. $1.425M. 5% cap.
9. Apartments in Fresno, CA: 16-units consisting of two well maintained buildings. Amenities include: Pool, on-site laundry facility and security cameras. 100% occupied. Pro forma NOI $95K/yr. $1.295M. 7.40% cap.
10. Retail Center in Lindon, UT: 10,684 SF Class-A retail center on 1 ac lot in growing upper middle-class Salt Lake City metro. Across from Walmart Supercenter. Current Tenants: The Clique, Saratoga Jewelry, Bobby Lawrence Karate, Lindon Professional Dental, and Karve Studio. NOI $148K/yr. $1.914M. 7.75% cap.

            (c) Transmercial 2014