09-19: Retail center, Napa, Coast Dental, MOB, Concentra

1. Strip Center in Wildomar, CA: 9,588 SF attractive strip center on 1.51 ac lot in growing (94% pop growth since 2000) and high income (AHI $104K/yr in 1 mile) Riverside County. Shadow anchored by Rie Aid.  Close to Inland Valley Medical Center and I-15. 100% NNN leased to two tenants. NOI $150K/yr. Price reduced from $2.225M to $2.146M. 7% cap.
2. Napa Auto Parts in Vallejo, CA: 7465 SF Napa Auto Parts in San Francisco metro on .6 ac lot. 100% NNN- leased till 2024.  NOI $117K/yr with rare 10% rent bumps every 5 yrs. NOI $117K/yr.  $1.957M. 6% cap.
3. CVS in Ridgeland, MS: 10,908 SF built-to-suit pharmacy on 1.63 ac lot at a signalized intersection in a middle-class area. Close to Northpark Mall and I-55. 100% absolute NNN lease with over 6-yrs left. NOI $357K/yr. $5.111M. 7% cap.
4. Coast Dental Portfolio in NV: 18,056 SF consisting of four single-tenant medical office buildings. Newly executed 10-yrs NNN lease to Coast Dental, one of the most stable and largest dental group practices with nearly 180 locations. NOI $405K/yr. $5.617M. 7.22% cap.
5. MOB in Arlington, TX: 10,769 SF Class-A newly constructed multi-tenant office building on .76 ac lot in a growing and upper middle class Fort Worth/Dallas suburbs. 82% NNN leased with on 1 vacancy. Actual NOI $229K/yr. $2.9M. 7.91% cap. Upside potential.
6. Concentra Portfolio in various cities in AZ: 9912 SF Class-B consisting of three medical office buildings in Mesa, Gilbert and Chandler (Phoenix metro) 100% NNN leased with over 3-yrs left to Concentra Primary Care (a division of Humna). NOI $232K/yr. $3M. 7.75% cap.
7. Shopping Center in Huntington Station, NY: 22,500 SF well maintained shopping center along main retail corridor in affluent neighborhood (AHI 113K/yr) East of New York. Near Wait Whitman Mall. 100% leased. $7.6M. NOI/Cap N/A.
8. Shopping Center in Canton, MI: 49,891 SF L-shaped shopping center constructed in 2003 at a corner location in high income Ann Arbor/Detroit suburbs with an AHI of $99K/yr in 3 mile ring. 97% leased to twelve tenants. $5.9M. NOI/Cap N/A.
9. Shopping Center in Rancho Cordova, CA: 26,571 shopping center on nearly 2 ac lot in growing Sacramento suburbs. With easy access to Hwy-50. 100% leased to six tenants. NOI $227K/yr. $2.65M. 8.60% cap.
10. Office Building in Benicia, CA: 8662 SF Class-B office building in high income (AHI $101K/yr) San Francisco suburbs. Near I-780. 90% leased to multiple tenants. NOI $106K/yr. $1.768M. 6% cap.

            (c) Transmercial 2014