12-28: Rite Aid, Office Building, DaVita Dialysis, CVS Pharmacy for sale

AHI: Avg. Household Income.  National average is about $50K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Rite Aid Pharmacy in Douglasville, GA: 11,275 SF newly-constructed single-story retail building along Hwy-5 in fast growing Atlanta metro. Store with very strong sales of over $900/SF which means highly profitable location and landlord highly likely to receive the rent checks.  New 20-year absolute NNN corp lease with scheduled 10% increases. $2.950M. 8.65% Cap.
2. Office Building in Corona, CA: 7415 SF Class-B two-story multi-tenant office building constructed in 2008 on .48 acre lot close to I-91/15. 89% leased by seven tenants. NOI $107K/yr. $1.295M. 8.28% Cap.
3. DaVita Dialysis Center in Manteca, CA: 7168 SF DaVita Dialysis Center conveniently located across from Kaiser Permanente Manteca Medical Center. 100% NNN corp lease with 7-years remaining on original lease. 3% annual rent increases. NOI $196K/yr.  $2.91M.  6.75% Cap.
4. Shopping Center in Gainesville, FL: 13,129 SF L-shaped shopping center built in 2006 on over 2 acres of parcel with good tenant mix: Chipotle Mexican Grill, Bento Café, Pita Pit, Sprint, Pazzo Bistro and Mochi Frozen Yogurt across from Miacle Mile Butler Plaza near I-75. 100% NNN leased. NOI $359K/yr. $4.4M. 8.20% Cap.
5. Office Building in Houston, TX: 23,065 SF well-kept Class-C multi-tenant office building on .88 acre lot. 94% leased by 13 tenants. NOI $160K/yr. $1.780M. 9.04% Cap. Upside potential when fully leased.
6. CVS Pharmacy in Daytona Beach, FL: 10,981 SF CVS Pharmacy built in 1998 on 1.61 acres of land located at corner busy intersection. 100% NNN corp lease. NOI $292K/yr. $3.542M. 8.25% Cap.        

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