02-11: Aaron's Rent, Walgreens, O'Reilly, Grocery Outlet, Office building

1. Aaron's Rent in Union City, GA: 8200 SF single-tenant retail center next to I-85 exit in Atlanta metro.  15 yrs absolute NNN lease to Aaron's Rent with 8 yrs left.  NOI $56K/yr.  $745K. 7.5% cap.
2. Grocery Outlet in Lompoc, CA: 21,000 SF single-tenant retail center built in 2012 on 1.16 ac lot in a coastal town.  10 yrs NNN lease with 8+ yrs left to Grocery Outlet, a regional tenant with 200+ locations in 7 states.  NOI $207K/yr with 10% rent bumps every 5 yrs.  $3.6M. 5.75% cap.  Buyer to assume $1.676M loan at 4.5% interest due in 2022.
3. Shopping Center in Redding, CA: 25,832 SF mature & well-maintained 10-unit shopping center on 3.68 ac lot in Northern CA. 93% leased with 1 avail unit.  NOI $243K/yr. $3.1M. 7.86% cap. 
4. Office Building in San Diego, CA:  42,712 SF 2-story office building with easy access to I-15 and I-805 in well-off area.  100% leased to 4 quality tenants.  NOI $556K/yr. $7.95M.  7% cap.
5. Walgreens in St Petersburg, FL: 13,905 SF drugstore on a corner lot.  100% NNN- with 2 yrs left.  NOI $220K/yr. $2.64M. 8.33% cap. 
6. O'Reilly Autoparts in Tempe, AZ: 5774 SF O'Reilly autoparts on .73 ac outparcel to Trader Joes Anchored Center and next To Walgreens in high income (AHI $90K/yr in 1 mile) Phoenix metro. 100% corp lease with 1 yrs left. NOI $119K/yr.  $1.4M. 8.5% cap.
7. Strip Mall in Lynwood, CA: 3960 SF strip center built in 1991 in densely populated with over 1M residents in 5 mile ring.  100% leased.  NOI $46K/yr. 
8. Office Building in Franklin, MA: 8500 SF 4-unit office building in high income Boston suburbs.  Anchored by Tri County Medical.  100% leased.  NOI $101K/yr. $1.15M. 8.8% cap.
9. Wells Fargo in West Palm Beach, FL: 20,336 SF multi-tenant value-add office building on 2.39 ac lot on a major artery with easy access to Florida Turnpike.  Anchored by Wells Fargo.  97% leased.  NOI $162K/yr. $2.275M. 7.14% cap.

(c) Transmercial 2014