07-21: MOB, All Brands Tire & Service Center, AutoZone, Shopping Centers

1. MOB in Tallahassee, FL: 6800 SF Class-A newly constructed built-to-suit medical office building in growing and affluent area with an AHI of $131K/yr. Close to I-10 and Hwy-61. New 7-yrs NNN- lease to Pediatria Healthcare, currently operating 15 facilities providing daytime care for children with special medical needs. NOI $143K/yr with 3% annual rent increases. $1.695M. 8.44% cap.
2. Retail Center in Las Vegas, NV: 16,349 SF attractive retail center built in 2004 on 1.45 ac lot along busy retail corridor. Close to MountainView Hospital and Hwy-95. 93% leased. Actual NOI $213K/yr. $2.925M. 7.30% cap.
3. Three Retail Buildings in Bakersfield, CA: 13,969 SF free-standing Fresh & Easy Market, 2510 SF free-standing Jack in the Box and 7302 SF retail center on nearly 5 ac lot at a signalized intersection. 100% leased. NOI $346K/yr. $5.25M. 6.60% cap.
4. All Brands Tire & Service Center in Victorville, Ca: 6387 SF well maintained auto center built in 1991 on .78 ac lot in growing San Bernardino County. Tenant has been at this location for over 20-yrs. 100% NNN lease with 3-yr left. NOI $73K/yr. $1.163M. 6.50% cap.
5. Strip Center in Clermont, FL: 7758 SF attractive strip center constructed in 2006 on 1.81 ac lot along main thoroughfare in high income Orlando suburbs. Adjacent to Kmart, Hobby Lobby and Lowe’s. 81% NNN leased to Fed Ex – Kinko’s, Stone Creek Pizza, Metro PCS and Batteries + Bulbs. Pro forma NOI $118K/yr. $1.6M. 7.40% cap.
6. Strip Center in Richland, WA: 4698 SF attractive retail center on .60 ac outparcel to Winco Foods and Dollar Tree in upper middle-class Kennewick suburbs. 100% leased. NOI $120K/yr. $1.965M. 6.11% cap.
7. Apartments in Sacramento, CA: 23-units well kept multifamily complex. Close to schools, parks, shopping center and I-80. 96% occupied. NOI $85K/yr. $1.25M. 6.80% cap.
8. AutoZone in Grand Rapids, MI: 6172 SF Auto Parts Store on .66 ac outparcel to Big Lots anchored center in growing and middle-class area. Near I-96. Recently executed 10-yrs NNN- lease. NOI $69K/yr. $1.115M. 6.25% cap.
9. Shopping Center in Toledo, OH: 36,330 SF consisting of two well maintained retail centers on over 3 ac lot at a signalized intersection. All units face main corridor. $2.2M. NOI/Cap N/A. 

            (c) Transmercial 2014