12-29: Advance Auto Parts, Family Dollar, MOB, Retail Centers, Strip Centers

1. AAP in San Antonio, TX: 7000 SF well maintained Advance Auto Parts on over 1 ac corner lot with easy access to I-10.  15-yrs NNN corp lease with 4-yrs left. NOI $108K/yr. $1.45M. 7.50% cap.
2. Family Dollar in Wilmington, NC: 10,000 SF brand new Family Dollar on 1½ ac lot at a signalized intersection in a growing area. Near Independence Mall and New Hanover Regional Medical Center. New 10-yrs NNN- lease. NOI $140K/yr. $2.075M. 6.75% cap.
3. MOB in Greenville, SC: 6835 SF single tenant medical office building on .55 ac lot adjacent to Greenville Hospital Systems. 10 yrs absolute NNN lease to Greenville Health System, a large, multi-hospital with institutional credit rating. $1.25M. NOI N/A.
4. MOB in Greenville, SC: 4891 SF under construction single-tenant medical office building on .84 ac lot. Adjacent to an under construction Walmart Neighborhood Market and close to Publix shopping center. 20 yrs absolute NNN lease to Greenville Health System, a large, multi-hospital with institutional credit rating. $1.45M. NOI N/A.
5. Retail Center in Spokane, WA: 17,141 SF attractive retail center on 1.81 ac lot in upper middle class area with an AHI of $72K/yr in 1 mile ring. 100% leased with good tenant mix. NOI $291K/yr. $4.1M. 7.10% cap.
6. Strip Center in Colleyville, TX: 6800 SF attractive strip center constructed in 2005 on .75 ac lot at a signalized intersection in affluent (AHI $132K/yr) Fort Worth suburbs. Across from new Whole Food Market. 100% leased. NOI $118K/yr. $1.9M. 7% cap.
7. Retail Center in Allen, TX: 12,000 SF retail center built in 2003 on 1.74 ac lot at a hard corner location. Close to 73-bed Texas Health Presbyterian Hospital and Hwy-75. 90% leased to stable tenants. High growth (103% since 2000) & high income area (AHI $108K/yr in 1mile). NOI $210K/yr. $2.8M. 7.50% cap.
8. MOB in Cumberland, RI: 24,969 SF Class-A multi-tenant medical office building in high income Providence metro with an AHI of $83K/yr in 1 mile. 90% leased. Actual NOI $187K/yr. $2.2M. 8.50% cap.

            (c) Transmercial 2014