05-16: Tuffy Auto Cetner, Professional Plaza, Auto Center, Medical Plaza, Shopping Centers

1. Shopping Center in Spring, TX: 26,770 SF attractive shopping center on 2+ ac lot in high income (AHI $93K/yr in 3 mile) Houston suburbs. 95% NNN leased. NOI $411K/yr. $4.2M. 9.8% cap.
2. Retail Center in Tyler, TX: 8907 SF attractive strip center renovated in 2008 on 1.28 ac lot at a major retail corridor in growing middle-class area. Adjacent to Hobby Lobby. 88% leased to AT&T, Farmers Insurance, East Texas Title & Loan, $1 Jewelry Galore and 323 Smoke Shop. Actual NOI $144K/yr. $1.84M. 7.85% actual cap. Upside potential.
3. Shopping Center in Cypress, TX: 20,340 SF attractive shopping center built in 2004 on 2.70 ac cornet lot. Great demographics: growing and affluent Houston suburbs with an AHI of $138K/yr in 1 mile. 88% NNN leased. NOI $292K/yr. $3.653M. 8% cap.
4. Tuffy Auto Center in Aurora, IL: 3900 SF 3-bay auto center built in 2007 on .75 ac lot in growing and affluent area with an AHI of $137K/yr in 1 mile. 20-yrs NNN- lease with 13-yrs left. NOI $106K/yr with 10% rent bump in 2017. $1.471M. 7.25% cap.
5. Office Building in Raleigh, NC: 27,618 SF Class-A office building completed in 2008 on nearly 2 ac lot with multiple points of access along major corridor in growing and high income area. 100% leased to multiple tenants. NOI $388K/yr. $5.4M. 7.20% cap.
6. Professional Center in Chandler, AZ: 10,706 SF well maintained professional center on over 1 ac lot. Close to Chandler Regional Medical Center and Banner Dessert Medical Center. 100% leased.  NOI $121K/yr. $1.5M. 8.10% cap.
7. Medical Plaza in Pearland, TX: 23,107 SF Class-A medical plaza built in 2003 on 2.45 ac lot in growing and affluent Houston suburbs with an AHI of $139K/yr. Excellent tenant mix: Imaging, Orthopedics, Orthopedics, Lab Testing, Psychiatrist, and Foot and Ankle doctor. Close to Pearland Town Center and Fwy-288.  92% NNN leased. NOI $351K/yr. $4.25M. 8.27% cap.
8. Auto Center in Simi Valley, CA: 18,875 SF well maintained auto center on nearly 2 ac lot with excellent visibility in affluent Southern California with an AHI of $110K/yr in 3 mile ring.  Adjacent to Mountain Gate Plaza and near Simi Town Center and Hwy-118. 100% leased with long-term tenants. NOI $257K/yr. $4.2M. 6.14% cap.
9. Retail Building in Independence, MO: 31,541 SF retail building on 1.94 ac outparcel to Independence Center Mall with Macy’s, Sears and Dillard’s in Kansas City metro. Close to Centerpoint Medical Center and I-70. 100% NNN leased to Chuck E. Cheese, Comcast Xfinity and Rally House. NOI $364K/yr. $5.2M. 7% cap.

            (c) Transmercial 2014

05-15: Retail Centers, Shopping Centers, Twin Peaks Restaurant

1. Retail Center in Okemos, MI: 13,124 SF well maintained retail center on 2.89 ac lot at a hard corner location in upper middle class Lansing suburbs. Close to Meridian Mall. Anchored by Pet Supplies Plus with over 280 locations. 100% NNN leased, just renewed 5 more years. NOI $176K/yr. $2.2M. 8% cap.
2. Strip Center in Canton, MI: 7200 SF attractive strip center built in 2010 on 1.31 ac lot in high income (AHI $99K/yr in 1 mile) Detroit suburbs. 100% NNN leased with 4 strong regional tenants. NOI $103K/yr. $1.334M. 7.75% cap.
3. Retail Center in Canton, MI: 10,240 SF retail center built in 2010 on 1.27 ac lot along main corridor in high income Detroit suburbs. Next to Walgreen’s. 100% NNN leased to 4 tenants. NOI $172K/yr. $2.227M. 7.75% cap.
4. Shopping Center in San Jose, CA: 50,020 SF well kept shopping center on 3.85 ac lot on the heavily-travelled Blossom Hill road. In high income Silicon Valley area with an AHI of $123K/yr in 3 miles. Near Hwy-85. 100% NNN leased. NOI $935K/yr. $17.999M. 5.20% cap.
5. Shopping Center in Libertyville, IL: 20,203 SF shopping center built in 2005 on 2.60 ac corner lot in affluent Chicago metro with an AHI of $213K/yr in 1 mile. 82% leased with one vacant unit. Seller will master lease the vacant space for 2 years.  NOI $274K/yr. $3.7M. 7.42% cap.
6. Shopping Center in San Antonio, TX: 16,092 SF attractive shopping center built in 2001 on 1.51 ac lot at a signalized location in a high income (AHI $131K/yr) area. Along major retail corridor and close to North Central Baptist Hospital. 100% leased. NOI $411K/yr. $5.48M. 7.50% cap.
7. Twin Peaks in O’Fallon, IL: 6815 SF restaurant on over 2 ac lot in Saint Louis suburbs on an off/on ramp of I-64. Adjacent to Power Center. New 20-yrs NNN lease. NOI $285K/yr 10% rent bumps every 5-yrs. $3.562M. 8% cap.

            (c) Transmercial 2014

05-14: MOB, Long John Silver's and A&W, Family Dollar, Walgreen's

1. MOB in Northglenn, CO: 18,000 SF Class-B multi tenant medical office building completed in 2000 on over 2 ac lot in Denver suburbs. Close to two hospitals. 95% leased. Actual NOI $209K/yr. $2.99M. 7% cap.
2. MOB in Richland, WA: 19,496 SF well maintained medical office building on 1.28 ac lot across from Kadlec Regional Medical Center. 69% leased. Actual NOI $183K/yr. $2.475M. 7.43% actual cap. Upside potential when fully leased.
3. Long John Silver’s and A&W in Fort Worth, TX: 3024 SF dual branded fast food restaurant constructed in 2003 on .80 ac outparcel to Kroger grocery shopping center. New 15-yrs absolute NNN lease to strong franchisee with 44-units. NOI $78K/yr with 10% rent bumps every 5-yrs. $1.31M. 6% cap.
4. Shopping Center in Katy, TX: 29,985 SF attractive shopping center competed in 2007 on 3 ac lot in fast growing and high income Houston metro with an AHI of $173K/yr in 1 mile. 95% NNN leased. NOI $555K/yr. $6.47M. 8.58% cap.
5. Family Dollar in San Bernardino, CA: 9180 SF brand new retail building on 1.21 ac lot at a signalized corner location in growing and upper middle-class area. New 10-yrs NNN lease. NOI $186K/yr. $3.112M. 6% cap.
6. Walgreen’s in Indianapolis, IN: 12,896 SF drug store at a hard corner location. Adjacent to University of Indianapolis. Close to I-74.  Tenant has been at this location for over 20-yrs. Recently renewed 1^st 5-yr option. NOI $161K/yr. $2.22M. 7.25% cap.
7. Shopping Center in Fountain Hills, AZ: 23,009 SF beautiful shopping center built in 2000 on 2.37 ac lot in growing (17%) and wealthy (AHI $104K/yr) Phoenix suburbs. 100% leased with excellent tenant mix. NOI $336K/yr. $4.325M. 7.80% cap.
8. Shopping Center in Omaha, NE: 24,588 SF well maintained shopping center built in 2005 on over 2 ac lot. Next to Fun-Plex Amusement Park. 72% leased with good tenant mix. $3.2M. NOI/Cap N/A.
9. Walgreen’s in Bakersfield, CA: 13,496 SF pharmacy built in 1995 on 1.92 ac lot at a signalized intersection. Close to Valley Plaza Mall and Hwy-99. 100% NNN lease with 5-yrs left. NOI $247K/yr. $3.4M. 7.27% cap.
10. Shopping Center in Edmond, OK: 70,672 SF L-shaped well maintained shopping center on 6.86 ac lot in growing and upper middle-class (AHI $84K/yr in 3 miles) Oklahoma City suburbs. Credit tenants include: Westlake Ace Hardware, Dollar General, Rent-a-Center and My Dentist. 72% leased. Actual NOI $384K/yr. $4.75M. 8.10% cap. Upside potential

            (c) Transmercial 2014

05-13: Dollar Tree, Office Building, Starbucks Coffee, Taco Bell

1. Strip Center in Mansfield, TX: 5165 SF attractive strip center built in 2007 outparcel to Tom Thumb grocery in growing and high income Fort Worth/Dallas suburbs. Near Hwy-287. 100% NNN leased to Subway, Dental Care and Creek Café. NOI $90K/yr. $1.25M. 7.26% cap.
2. Dollar Tree in Concord, NC: 10,752 SF Dollar Tee built in 1997 on 2.76 ac lot along major retail corridor in Charlotte suburbs. Close to 551,000 SF Carolinas Mall and 457-bed Carolinas Medical Center. New 5-yrs NNN- corp lease. NOI $107K/yr. $1.387M. 7.75% cap.
3. Office Building in Schaumburg, IL: 25,484 SF Class-B multi tenant office building in high income Chicago suburbs. Close to Woodfield Mall and Motorola Headquarters. Off of Hwy-53 and near I-90. NOI $190K/yr. $1.995M. 9.53% cap.
4. Shopping Center in Spring, TX: 31,640 SF well maintained shopping center on nearly 4 ac lot in growing and high income Houston suburbs. Visible and on an off ramp of I-45. 100% NNN leased. NOI $412K/yr. $4.85M. 8.50% cap.
5. Retail Center in Lawton, OK: 18,900 SF attractive retail center on over 4 ac lot in a growing area. 88% NNN leased to coffee shop/bakery, Professional Contracting Services, Inc, American Cancer Society, Breland Physical Therapy, TFI Family Counseling, Encompass Home Healthcare, and Dr. Hanna, DDS. Actual NOI $138K/yr. $1.6K. 8.65% actual cap.
6. Starbucks Coffee in McAllen, TX: 2045 SF brand new drive-thru Starbucks Coffee on .62 ac lot along US Hwy-83. Part of 83 Citrus Grove Plaza, a 30-ac Master Planned Business Community. New 10-yrs NNN lease. NOI $88K/yr with a 10% rent bump in yr 6^th. $1.657M. 5.35% cap.
7. Taco Bell in Pasadena, FL: 2500 SF brand new franchised Taco Bell to be completed in 2014 on .59 ac lot West of St Petersburg. New 20-yrs absolute NNN lease to strong franchisee with 20+ units. 10% rent bumps every 5-yrs. 6.10% cap. NOI/Price N/A.

            (c) Transmercial 2014

05-12: Apartments, MOB, Retail Centers, Fresenius

1. Retail Center in Englewood, CO: 5751 SF attractive retail center built in 2004 in booming and affluent Denver metro with an AHI of $114K/yr in 3 mile radius. Close to Sky Ridge Medical Center and I-25. NOI $128K/yr. $1.795M. 7.17% cap. .
2. Retail Center in Stockton, CA: 11,253 SF retail center on 1 ac lot in high income (AHI $110K/yr) San Joaquin County. Near I-5. 100% NNN leased to Mezzo, Cocoro-To-Go, Casa Flores, VIP Pizza, Brookside Dry Cleaners and Califit. NOI $179K/yr. $2.725M. 6.60% cap.
3. Apartments in Sacramento, CA: 64-units recently renovated multifamily complex. Minutes from Downtown and with easy access to I-80. NOI $222K/yr. $3.075M. 7.25% cap.
4. Retail Center in Meridian, ID: 14,274 SF retail center built in 2008 on 1.25 ac lot in growing and upper middle-class Boise suburbs. Near St Luke’s Meridian Medical Center and I-84. 100% NNN lased to five tenants. NOI $172K/yr. $2.595M. 6.60% cap.
5. Shopping Center in Missouri City, TX: 29,910 SF attractive shopping center built in 2005 on 2.88 ac lot along main retail corridor in high income (AHI $108K/yr) Houston suburbs. Across from Power Center anchored by Kohl’s, Hobby Lobby and Home Depot. 89% leased. NOI $441K/yr. $6.25M. 7.07% cap.
6. MOB in Covina, CA: 9826 SF Class-B five units medical office building along main artery in Las Angeles County. Adjacent to Citrus Valley Medical Center. 80% leased. $3.15M. NOI/Cap N/A.
7. Fresenius in Warner Robins, GA: 6600 SF Class-A dialysis center constructed in 1997 on 2 ac lot in growing and middle class area. 100% NNN lease with 4-yrs left. NOI $130K/yr with 2% annual rent bumps. $1.8M. 7.24% cap.

            (c) Transmercial 2014

05-09: Mixed-use, DaVita Dialysis, Chili's, Arby's, HCA

1. Mixed-use in Fort Mill, SC: 23,630 SF attractive office/retail center built in 2005 on 3.72 ac lot along main thoroughfare in Charlotte metro. 95% leased. $3.1M.
2. Office Building in Fremont, CA: 11,552 SF Class-B multi-tenant office building in affluent Silicon Valley suburbs (AHI $152K/yr in 1 mile radius. Close to Tesla Motors Factory, I-680 and I-880. 85% leased. NOI $126K/yr. $2.088M. 6.07% cap.
3. Retail Center in Hilliard, OH: 6832 SF attractive retail center completed in 2006 in upper middle class Columbus suburbs. Tenants include: Cuzzin's Yogurt, Mod Salon, & Columbus' #1 Jet's Pizza. 80% leased with only 1325 SF vacant. Actual NOI $95K/yr. $1.425M. 6.72% cap.
4. DaVita in Riverview, MI: 12,252 SF dialysis center built in 2003 on 1.32 ac lot along main artery in Detroit suburbs. 12-yrs NNN- corp lease with 10-yrs left. NOI $220K/yr with rent increases. $2.999M. 7.35% cap.
5. First Choice ER in Kingwood, TX: 6050 SF freestanding emergency room renovated in 2011 on over 1 ac lot in fast growing Houston suburbs. 7-yrs NNN lease with 4+ yrs left. NOI $149K/yr with a 10% rent bump in 2016. $2.132M. 7% cap.
6. Chili’s in Colorado Springs, CO: 6000 SF restaurant completed in 2007 on 1.87 ac outparcel to Target in growing & high income area. Across from Lowe’s and next to Hwy-21. Being subleased to Carlos Miguel’s, a regional operator with 7 locations. 100% NNN ground lease (land for sale) with 5-yrs left. NOI $104K/yr. $1.487M. 7% cap.
7. Arby’s in Las Vegas, NV: 3135 SF well maintained Arby’s restaurant constructed in 2006 at a main retail artery. Across from Power Center anchored by Smith’s Pharmacy and Dollar Tree. Across from 171-bed Centennial Hills Hospital. This is a sale-leaseback investment. New 20-yrs absolute NNN lease to 7^th largest franchisee. NOI $126K/yr. $2.112M. 6% cap.
8. Medical Office Building in Richmond, VA: 22,000 SF brand new state-of-the-art full service Emergency Department & Imaging Center on 3.7 ac lot in high income area. 10-yrs absolute NNN lease to HCA, with about 165 acute care, psychiatric and rehabilitation hospitals in the US and UK. NOI $550K/yr with 2% annual rent increases. $8.8M. 6.25% cap.

            (c) Transmercial 2014

05-08: 99-Cents Only Store, Taco Bell, Staples, Office Building, Shopping Center

1. 99-Cents Only Store in Santa Maria, CA: 13,383 SF retail building renovated in 2012 on .89 ac lot in growing Southern California. Close to Hwy-101. 100% absolute NNN corp lease with 11-yrs left. NOI $189K/yr with a rent bump in 2019. $3.441M. 5.50% cap.
2. Taco Bell in Chandler, AZ: 2780 SF drive-thru fast food restaurant built in 2000 on .63 ac outparcel to Ocotillo Plaza in high income Phoenix suburbs. Across from Las Tiendas Village with Sprouts Famers Market and OfficeMax. 100% NNN lease with 4-yrs left. NOI $174K/yr. $2.187M. 8% cap.
3. Shopping Center in Cincinnati, OH: 61,876 SF attractive shopping center on 7.80 ac lot anchored by hhgregg Appliances, a regional chain and next to Kings Auto Mall and I-71 at major retail artery.  100% NNN leased. NOI $855K/yr. $11.353M. 7.50% cap.
4. Office Building in Grandville, MI: 17,000 SF Class-A multi-tenant office building on over 2 ac lot in Grand Rapids suburbs. NNN leases with long term tenants. NOI $79K/yr. $795K. 10% cap.
5. Staples in Centerville, OH: 24,049 SF retail building remodeled in 2005 along major retail artery in growing and upper middle-class Dayton suburbs. Between Walmart and Lowes. Close to Miami Valley Hospital and I-675. 9-yrs NNN recently extended lease. NOI $164K/yr. $2.1M. 7.85% cap.

            (c) Transmercial 2014

05-07: Mixed-used, FastMed URgent Care, Walgreens, AutoZone, MOB

1. Mixed-Use in Carson, CA: 5060 SF 2-story retail office building completed in 1990 in high-income city in Los Angeles with over 1/2 million people in 5 miles ring.  100% leased with good tenant mix.  NOI $76K/yr. $1.085M. 7.05% cap.
2. FastMed Urgent Care in Greensboro, NC: 6436 SF attractive medical office building on 1.49 ac lot in a fast growing area. 15-yrs absolute NNN lease with 14+ yrs left to strong operator. NOI $167K/yr with annual rent increases. $2.575M. 6.50% cap.
3. Strip Center in Riverside, CA: 7512 SF mature strip center on .51 ac lot with good egress/ingress in Southern California. Close to Riverside Plaza Shopping Center and Hwy-91. 100% leased. NOI $60K/yr. $1M. 6.09% cap.  Just $133/SF.
4. Retail Building in Lewisville, TX: 32,796 SF attractive shopping center built in 1994 on 3.58 ac lot in growing upper middle-class area. Part of Power Center with PetSmart, JoAnn, Marshalls, Hobby Lobby, Sport Authority and more. Close to Vista Ridge Mall and I-35E. 100% NNN leased to Shoe Carnival, Tuesday Morning and Car Toys. NOI $479K/yr. $6.62M. 7.25% cap.
5. Shopping Center in Miami Township, OH: 33,435 SF consisting of two attractive retail centers built in 2009 on over 4 ac lot in upper middle-class Dayton suburbs. Major tenants include: The Vitamin Shoppe, Aspen Dental & AT&T Mobile. Across from Walmart and Target. Close to Dayton Mall and Southview Medical Center. Between I-75/675. 94% NNN leased. NOI $768K/yr. $9.6M. 8% cap.
6. Retail Center in Austin, TX: 14,600 SF consisting of two buildings with double drive-thru.  Built in 2005 in a fast growing area. 92% NNN leased by national, regional and local tenants. NOI $296K/yr. $3.85M. 7.71% cap.
7. Walgreen’s in Indianapolis, IN: 12,896 SF Walgreens completed in 1993 at a hard corner location. Adjacent to University of Indianapolis. Close to I-74.  Tenant has been at this location for over 20-yrs.  Recently renewed 1^st 5-yr option. NOI $160K/yr. $2.385M. 6.73% cap.
8. MOB in Las Vegas, NV: 8865 SF Class-B single-tenant medical office building constructed in 1992 on 1 ac lot close to Sunrise Hospital and Boulevard Mall. Just minutes from The Strip. 100% NNN lease with 2-yrs left. NOI $131K/yr. $1.675M. 7.87% cap.
9. AutoZone in Johnson City, TN: 9455 SF well maintained auto center along major retail artery. Close to The Mall at Johnson City and I-26. 10-yrs NNN- corp lease with over 3-yrs left. NOI $81K/yr. $1.158M. 7% cap.

            (c) Transmercial 2014

05-06: Office Building, MOB, Ashley Furniture, Shopping Centers

1. Shopping Center in Memphis, TN: 23,000 SF well maintained shopping center on over 3 ac lot at a main corridor. 87% leased to fifteen tenants. Actual NOI $210K/yr. $2.295M. 9.16% cap.
2. Retail Center in Canton, GA: 19,221 SF retail center built in 2001 in growing and high income area with an AHI of $90K/yr in 1 mile. Close to newly constructed 84-bed Northside Hospital. NOI $221K/yr. $2.5M. 8.84% cap.
3. Office Building in Lee’s Summit, MO: 18,500 SF Class-A office building completed in 205 on 2 ac lot in affluent (AHI $110K/yr in 3-miles) Kansas City metro. Close to I-470. 100% leased to three strong tenants. NOI $254K/yr. $2.975M. 8.57% cap.
4. Shopping Center in Spring City, PA: 23,240 SF nine units retail center on over 3 ac corner lot in high income Philadelphia suburbs. 100% leased to Spring City Dinner, Liberty Thrift, Spring Dollar, Antique Store, Barber shop, Center City Steaks and Pizza, Laundromat, Nails and Spa and Mayflower Asian Restaurant. NOI $262K/yr. $3.45M. 7.60% cap.
5. Strip Center in Fresno, TX: 14,920 SF strip center on nearly 2 ac lot along Hwy-6 in growing Houston metro. Tenants include: Western Wear, Daycare, Dentist, Adult Daycare and Barbershop Salon. 84% NNN leased. Actual NOI $131K/yr. $1.9M. 6.90% actual cap. Upside potential when fully leased.
6. Office Building in Federal Way, WA: 19,492 SF Class-B office building at a hard corner location of Hwy-99 in Tacoma/Seattle suburbs. 98% leased with only one small vacant unit. Pro forma NOI $190K/yr. $2.595M. 7.34% cap.
7. Strip Center in Tucson, AZ: 6621 SF newly constructed strip center in affluent Phoenix suburbs with an AHI of $112K/yr in 3-miles. 75% leased to three tenants. $1.25M. NOI/Cap N/A.
8. Shopping Center in Olathe, KS: 25,640 SF beautiful shopping center built in 2005 in growing Kansas City suburbs. On an outpad to Southgate Retail Center anchored by Target and Home Depot. Across from Olathe Medical Center and visible from I-35. Close to The Great Mall of the Great Plains. 100% NNN lease to national tenants. NOI $329K/yr. $4.7M. 7% cap.
9. MOB in Midland, TX: 13,854 SF multi-tenant medical office building on 1.70 ac lot in a growing and high income oil and gas town. Close to Hwy-250. 100% NNN leased to five doctors and a CPA’s office. 7% cap. NOI/Price N/A.
10. Ashley Furniture in Memphis, TN: 50,800 SF single-tenant retail center on nearly 5 ac lot part of Costco & Lowe’s anchored center in high income area. Across from FedEx World Headquarters. 100% NNN lease with over 2-yrs left. NOI $345K/yr. $4.6M. 7.5% cap. NOTE: no flyer avail, full brochure upon request.

            (C) Transmercial 2014

05-05: Office Building, Walgreens, MOB, Dunkin' Donuts, Apartments

1. Office Building in Houston, TX: 56,375 SF Class-B office building on 2.64 ac lot in a fast growing and high income area. 78% leased to multiple tenants. Actual NOI $274K/yr. $3.044M. 9% actual cap. Upside potential.
2. Walgreens in Madison Heights, MI: 13,675 SF drug store built in 1999 on 1.50 ac lot at a signalized intersection in Detroit suburbs. Near St John Hospital. 100% NNN lease with 5-yrs left. NOI $368K/yr. $4.75M. 7.75% cap.
3. Apartments in Tulsa, OK: 57-units well kept multifamily apartments on 1.86 ac lot close to parks and shopping centers. 95% occupied. Pro forma NOI $163K/yr. $1.675M. 9.85% pro forma cap.
4. Shopping Center in Saint Lucie West, FL: 18,643 SF attractive shopping center built in 2008 on over 2 ac lot anchored by IBM SE Credit Union. Part of the St Lucie West shopping district with over 2 million square feet of retail, including Wal-Mart, Beaks, Stein Mart, Petco, Chilis, Out Back, Ruby Tuesday and Publix. Close to I-95. 100% leased. NOI $152K/yr. $5.794M. 8.25% cap.
5. MOB in Levittown, NY: 18,000 SF Class-B multi-tenant medical office building on 1.20 ac lot in high income (AHI $114K/yr in 1 mile) New York metro. 91% NNN leased. NOI $288K/yr. $3.2M. 9% cap.
6. MOB in Fairborn, OH: 4091 SF built-to-suit medical office building completed in 2012 on .48 ac corner lot in upper middle-class Dayton suburbs. 10-yrs NNN- lease with 8-yrs left to Greene Memorial Hospital. NOI $77K/yr with annual rent increases. $975K. 8% cap.
7. Dunkin’ Donuts in Hickory, NC: 2828 SF drive-thru Dunkin’ Donuts at a buys retail corridor. 15-yrs absolute NNN ground lease (land for sale) with 13+ yrs left. NOI $59K/yr. $795K. 7.50% cap.
8. Apartments in Fresno, CA: 19-unit multifamily complex on .65 ac lot close to Hospital, parks and Hwy-180/41. Pro forma NOI $69K/yr. $925K. 7.8% pro forma cap. 

            (c) Transmercial 2014