12-17: Smart & Final, La Petite Academy, O'Reilly Auto Parts, Office Buildings

1. Smart & Final in Delano, CA: 33,200 SF grocery store on 3.37 ac lot in a growing San Joaquin Valley town.  New 20 yrs NNN corp lease to Smart & Final.  NOI $287K/yr with 7.5% rent bumps every 5 yrs. $5M. 5.75% cap.
2. La Petite Academy in Morrisville, NC: 8300 SF beautiful day care facility completed in 2010 on 1.63 ac lot in growing (806% pop growth) & affluent Raleigh suburbs with an AHI of $105K/yr in 3 miles. Brand new 15-yrs NNN corp lease. NOI $137K/yr with rent increases every 5-yrs. $1.957M. 7% cap.
3. Inline Center in Tucson, AZ: 20,485 SF attractive retail center on nearly 2 ac lot in a fast growing middle class area. Shadow anchored by Albertsons. Across from Foothills Mall with over 90 stores. 100% NNN leased to nine tenants. NOI $355K/yr. $5.381M. 6.60% cap.
4. Retail Center in Pensacola, FL: 12,780 SF well maintained retail center constructed in 2007 along main corridor. 90% leased to Family Dollar, Papa John’s Pizza and a national cellular provider. Actual NOI $100K/yr. $1.25M. 8% actual cap. Upside potential.
5. Shopping Center in Taylor, MI: 28,300 SF mature shopping center anchored by Walgreens in Detroit suburbs. Close to Oakwood Heritage Hospital and Hwy-24. 91% leased. NOI $236K/yr. $3.1M. 7.60% cap.
6. Office Building Walnut Creek, CA: 14,764 SF Class-B office building in high income San Francisco Bay Area with an AHI of $119K/yr. Easy access to I-680. 81% leased to multiple tenants. NOI $236K/yr. $3.8M. 6.22% cap. Upside potential when fully occupied.
7. Retail Center in Placerville, CA: 4,116 SF attractive strip center at a corner location in a growing and middle-class town East of Sacramento. National tenants include: UPS Store and Farm Insurance. 100% NNN leased. NOI $72K/yr. $1.042M. 7% cap.
8. O’Reilly Auto Parts in San Antonio, TX: 7195 SF retail buildings constructed in 1994 on .69 ac outparcel to Walmart Supercenter at a major retail artery. 100% absolute NNN lease with 5-yrs left. NOI $97K/yr. $1.56M. 6.25% cap.
9. Shopping Center in Pearland, TX: 33,457 SF eye-catching shopping center completed in 2008 on 3.70 ac lot in a fast growing and high income Houston metro. 93% leased. 9% cap. Price N/A.
10. Office Building in Monterey, CA: 26,951 SF Class-A Mediterranean style office building constructed in 1996 on 3½ ac lot in a high income area. 82% leased to multiple professional tenants. Actual NOI $505K/yr. $8.08M. 6.26% cap.

            (c) Transmercial 2014