02-09: MedExpress Urgent Care, Kroger, Best Buy, Midas Auto Service

1. MedExpress Urgent Care in Altoona, PA: 6400 SF attractive single-tenant medical office building on .48 ac lot in a growing middle-class area. Close to Logan Valley Mall and with easy access to I-99. 20-yrs NNN lease. NOI $78K/yr. $1.2M. 6.50% cap.
2. CVS Pharmacy in Johnson City, NY: 10,125 SF CVS Pharmacy built in 1998 on over 1 ac lot adjacent to UHS Wilson Medical Center. 20-yrs NNN corp lease with 4-yrs left. NOI $229K/yr. $3.529M. 6.50% cap.
3. Office Building in Sandy Springs, GA: 26,550 SF Class-B multitenant office building on 2 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Atlanta metro. 86% leased to five tenants. Actual NOI $211K/yr. $2.352M. 9% actual cap. Upside potential.
4. Office Building in Livingston, NJ: 24,000 SF Class-B multitenant office building on .81 ac lot in affluent New York suburbs with an AHI of $109K/yr in 1 mile ring. Good tenant mix: accountants, lawyers and medical practices NOI $165K/yr. $2.3M. 7.20% cap.
5. Kroger in Henderson, TN: 58,890 SF well performing Kroger grocery with fuel station on 5.26 ac lot in a growing and high income Nashville suburbs. Tenant has been at this location for over 30-yrs. Tenant pays very low rent. 100% absolute NNN corp lease with 7-yrs left. NOI $309K/yr. $4.718M. 6.55% cap.
6. Neighborhood Center in Newark, CA: 128,548 SF shopping center anchored by 51m158 SF FoodMax in high income (AHI $97K/yr) San Francisco Bay Area. Close to Newpark Mall and I-880. 96% NNN leased. NOI $1.668M/yr. $30M. 5.56% cap.
7. Best Buy in Auburn Hills, MI: 45,520 SF retail building on 4.47 ac lot in growing and affluent (AHI $105K/yr) Detroit suburbs. Next to Costco and across from Great Lakes Crossing Outlets and I-75. 100% NNN lease with 6-yrs left. NOI $662K/yr with a 3% rent bump in Oct 2015. $7.565M. 8.75% cap.
8. Office Building in Santa Rosa, CA: 7200 SF well maintained office building in growing Sonoma County with easy access to Hwy-101. Between Kaiser Permanente and Coddingtown Mall. 100% leased to multiple tenants. NOI $76K/yr. $1.25M. 6.10% cap.
9. Midas Auto Service in Santa Clarita, CA: 3875 SF auto center built tin 1996 on .68 ac outparcel to Stater Bros Supermarket center in Los Angeles suburbs. Across from Costco.  100% NNN lease with 3-yrs left. NOI $116K/yr. $2.225M. 5.25% cap.

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