08-13: 99 Cents Only, Friendly's, DaVita, Apartments, Shopping Centers

1. 99 Cents Only in Sacramento, CA: 23,200 SF 99 Cents Only Store on 1.71 ac lot at a signalized intersection. Close to Arden Fair Mall, with over 165 stores and I-80. 100% NNN corp lease with over 5-yrs left. NOI $217K/yr. $3.35M. 6.50% cap.
2. Apartments in Phoenix, AZ: 36-units well maintained apartment complex. Across from Grand Canyon University. Close to Christown Spectrum Mall, Phoenix Baptist Hospital and I-17. Pro forma NOI $113K/yr. $1.358M. 8.37% cap.
3. Friendly’s Restaurant in Massapequa, NY: 2504 SF free-standing restaurant on .55 ac lot at a signalized intersection in high income New York suburbs with an AHI of $114K/yr in 1 mile. 100% NNN lease with 10+ yrs left. NOI $126K/yr. $1.95M. 6.50% cap.
4. Office Building in Yakima, WA: 6787 SF Class-A multi-tenant office building in a fast growing middle-class area. 100% NNN leased to two tenants. NOI $89K/yr. $1.118M. 8% cap.
5. Office Building in Monrovia, CA: 47,976 SF Class-B office building in high income (AHI $90K/yr in 3 miles) Los Angeles suburbs. 100% leased to multiple credit tenants. NOI $1.108M/yr. $11.5M. 9.64% cap.
6. Office Building in Reno, NV: 40,759 SF Class-A multi-tenant office building on 2.62 ac lot. Close to Renown South Meadows Medical Center and I-580. 100% leased. NOI $373K/yr. $4.5M. 8.30% cap.
7. Retail Center in Dayton, OH: 20,940 SF in-line retail center built in 2007 on 7½ ac lot.  Shadow-anchored by Kroger Grocery. 85% NNN leased to Aaron’s Rents, Ross Medical Education and Flexible Staffing. Actual NOI $146K/yr. $1.935M. 8.71% cap. Upside potential when fully leased.
8. Neighborhood Center in Lake Worth, FL: 79,000 SF well maintained shopping center on 11.84 ac lot along major retail artery. NOI $892K/yr. $9.5M. 9.40% cap.
9. DaVita in Creve Coeur, MO: 9280 SF dialysis center on nearly 1 ac lot in growing and affluent St. Louis suburbs with an AHI of $145K/yr in 1 mile. Close to Mercy Hospital, Missouri Baptist Hospital and Barnes Jewish W. County Hospital. Tenant has been at this location since 1999. 100% NNN- corp lease with 5-yrs left. NOI $160K/yr. $2.5M. 6.41% cap.
10. Retail Center in Indianapolis, IN: 15,000 SF well maintained retail center on 1.74 ac lot. With easy access to I-465/I-74. 100% NNN leased. NOI $125K/yr. $1.1M. 11.40% cap.

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