01-30: Apartments, Napa Auto Parts, Pep Boys, Advance Auto Parts, Centennial Fine Wine & Spirit, MOB

• AHI: Avg. Household Income.  National average is about $50+K/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.  Shopping Center in San Jose, CA: 21,240 SF shopping center on 1.9 ac lot on busy Alum Rock Ave with easy access to Hwy 101 & I-680.  100% NNN leased to 15 tenants.  NOI $491K/yr. $6.99M. 7% cap.
2. Apartments in Clearwater, FL: 184-units 2-story spacious and well maintained apartment complex on 11.21 acres of land close to main roads, shopping centers and Morton Plant Hospital.  NOI $666K/yr. $9.1M. 7.32% cap.  
3. Restaurant in Sunnyvale, CA: 5170 SF single-tenant Japanese Sushi restaurant on .66 ac lot on El Camino Real, a prime commercial corridor in Silicon Valley (AHI $113K/yr within 3-miles.  100% NNN lease. NOI $170K/yr. $2.35M. 7.25% cap.  
4. Napa Auto Parts in Lakewood, CO: 22,166 SF auto parts store renovated in 2008 in densely populated and middle-class Denver area. New 10-yrs NNN- corp lease. NOI $135K/yr with 10% rent increases every 5-yrs. $1.862M. 7.25% cap.  
5. Pep Boys in Houston, TX: 6966 SF auto parts store renovated in 2011 on .69 ac lot with excellent visibility in fast growing area. Brand-new 10-year NNN- corp lease. NOI $100K/yr with 15% rent bump in 1^st option. $1.428M. 7% cap.  
6. Advance Auto Parts in Arnold, MO: 7000 SF well-performing auto parts store constructed in 2000 on over 1 ac lot in St. Louis metro. 10-yr NNN- corp lease. NOI $99K/yr with increases in options. $1.176M. 8.5% cap.
7. Medical Office Building in Clearwater, FL: 12,620 SF Class-B newly constructed single-tenant medical office building minutes from Morton Plant Hospital. 100% NNN lease. $2.495M. 9% cap.
8. Centennial Fine Wine & Spirits in Fort Worth, TX: 7800 SF liquor store on 2.55 acres lot in fast growing (15.28%) and well-off (AHI $93K/yr) area in close proximity to I-30. 100% NNN lease with 13 yrs left to Centennial Fine Wine & Spirits, a strong regional tenant with 70 stores in Dallas metroplex. NOI $219K/yr. with 10% rent bump every 5 yrs.  $2.838M. 7.75% cap.  
9. Shopping Center in Staten Island, NY: 21,000 SF shopping center in high income area. NOI $199K/yr. $2.85M. 7% cap.

© Transmercial 2012