12-30: Family Dollar, Autozone, Apartments, Rite Aid, Gender Mountain, MOB

1. Family Dollar in Jacksonville, FL: 9100 SF Family Dollar store constructed in 2013 on .78 ac lot at a signalized corner.  New 10 yrs NNN- with 9 yrs left.  NOI $198K/yr with 10% rent bumps during each 5 yrs option.  $2.812M. 7% cap.
2. Autozone Center in Grand Haven, MI: 8834 SF 2-unit retail center on 1.22 ac lot.  Anchored by Autozone paying 92% of the revenue.  100% NNN lease.  NOI $121K/yr. $1.53M. 8% cap.
3. Auto Service Center in San Bernardino, CA: 5064 SF Tires/Wheels/auto service center on 1/3 ac corner lot.  10 yrs lease.  NOI $56K/yr. $700K.  8% cap.
4. Apartments in Grand Rapids, MI: 48-unit well-kept low-maintenance brick-construction apartments complex on 2.22 ac lot.  96% occupied.  NOI $157K/yr. $1.89M. 8.23% cap. 
5. Retail Center in Stafford, VA: 16,252 SF retail center on 1.9 ac lot.  1 block from Home Depot, Target, Walmart, Michaels, Kohl;s, Best Buy and more.   In high income suburbs SW of Washington DC.  Anchored by 5694 SF DaVita dialysis and 100% leased to 7 tenants.  NOI $320K/yr. $2.945M. 7.62% cap (Note: these 3 numbers provided by the listing broker don't look correct).
6.  Rite Aid in Cleveland, TX: 11,230 SF drugstore built in 1999 on 1.17 ac hard corner lot in a city NE of Chattanooga.  20 yrs NNN- with 5 yrs left.  NOI $226K/yr.  $2.7M. 8.37% cap.
7. Gander Mountain in Taylor, MI: 57,038 SF single-tenant retail center directly across the street from Target and the Southland Mall in growing part of Detroit suburbs.  NOI $413K/yr.  $4.34M. 9.52% cap. 
8. Jiffy Lube in Olympia, WA: 1840 SF Jiffy Lube located across from a popular local grocery store.  100% leased to the largest franchisee of quick lube retail service stores in the country.  NOI $48K/yr. $750K.  6.5% cap.
9. MOB in Mesa, AZ: 3210 SF single-tenant medical office building completed in 2013.  100% leased to an OB/GYN tenant with 7 yrs left.  NOI $50K/yr.  $802K.  6.3% cap.

(c) Transmercial 2013