11-24: DaVita, Taco Mayo, Napa Auto Parts, Arby's, MOB, Neighborhood Centers

1. DaVita Portfolio in Various Cities: 42,064 SF consisting of eight well maintained dialysis centers: 6 in KS, 1 in OK and 1 in TX. 100% NNN leased to credit tenant. NOI $720K/yr. $10M. 7.20% cap.
2. Taco Mayo in Edmond, OK: 2150 SF newly remodeled drive-thru fast food restaurant on .71 ac outparcel to Kohl’s in growing upper middle class Oklahoma City suburbs. Across from Walmart. 100% absolute NNN lease with 7-yrs left. NOI $50K/yr with 5% rent bumps every 5-yrs. $775K. 6.50% cap.
3. Napa Auto Parts in Clinton, MD: 8,900 SF Napa Auto Parts in a high income are with an AHI of $109K/yr in Washington DC metro. Close to Hwy-5. 100% NNN- lease with 4 yrs left. NOI $69K/yr. $926K. 7.50% cap.
4. Retail Center in North Richland Hills, TX: 16,900 SF attractive retail center on 1.70 ac lot in growing & upper middle class Fort Worth suburbs. $922M. NOI N/A.
5. Neighborhood Center in Lexington, KY: 180,576 SF well maintained shopping center built in 2003 on over 18 acres of land along major retail artery. Anchored by 78,337 SF Burlington Coat Factory, 13,571 Hancock Fabrics, Tuesday Morning and GB Shoes.  Close to St. Joseph Hospital. 100% NNN leased. NOI $1,069M/yr. $14M. 7.64% cap.
6. MOB in Kingwood, TX: 28,038 SF Class-B consisting of two medical buildings completed in 2000 on nearly 4 ac lot in fast growing (284% prop growth since 2000) and high income (AHI $90K/yr in 3 miles) Houston MSA. Near Kingwood Medical Center and I-69. 94% NN leased to six medical tenants. 7.25% cap. Price N/A.
7. Neighborhood Center in Jacksonville, FL: 166,759 SF shopping center built in 1990 on over 15 ac lot at a signalized intersection along major artery with good ingress/egress. 85% leased with national & regional tenants. Actual NOI $719K/yr. $8.995M. 8% actual cap. Upside potential.
8. Arby’s in Vestavia, AL: 3187 SF Arby’s Restaurant built in 1998 on .68 ac lot along main thoroughfare in upper middle class Birmingham metro. 25% NNN lease with 9-yrs left to a strong operator with over 50-units. NOI $153K/yr with 7% rent bumps every 5-yrs. $2.188M. 7% cap.
9. MOB in Winter Springs, FL: 5800 SF attractive multitenant medical office building constructed in 2004 on .72 ac lot in Orlando suburbs. All units face main road. 100% NNN leased to two long term medical practices. NOI $88K/yr. $1.695M. 5.20% cap.

            (c) Transmercial 2014