04-16: Tire Kingdom, Fast Auto Loans, AutoZone, Pawn 1, Fresenius, MOB, Retail Centers

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  1. Tire Kingdom in Saint Petersburg, FL: 7689 SF auto center renovated in 2006 on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 4½ yrs left. NOI $73K/yr. $1.018M. 7.24% cap.
  2. Fast Auto Loans in Beaumont, CA: 4000 SF attractive single tenant retail building on .38 ac lot in growing San Bernardino suburbs. 10-yrs NNN corp lease with 9-yrs left to strong regional tenant with over 70 stores. NOI $78K/yr with 10% rent bumps every 5-yrs. $1.356M. 5.75% cap. NOTE: flyer not available, full brochure upon request.
  3. AutoZone in Woonsocket, RI: 6201 SF AutoZone retail building on .61 ac lot at a signalized intersection along main artery. Across form shopping center with Sears and Savers. 100% NNN lease with 6-yrs left. NOI $78K/yr. $1.215M. 6.50% cap.
  4. Office Building in Bakersfield, CA: 12,669 SF Class-B multitenant office building in a high income area with an AHI of $90K/yr in a 3-mile ring. Close to major power center with Target, Home Depot and Walmart Supercenter. 100% leased. NOI $183K/yr. $2.525M. 7.26% cap.
  5. Pawn 1 in Boise, ID: 8828 SF single tenant pawn shop completed in 2009 on .72 ac corer lot. New15-yrs absolute NNN lease to a strong regional tenant with 16 locations. NOI $121K/yr with 2% annual rent bumps. $1.803M. 6.75% cap.
  6. Retail Center in Fountain Hills, AZ: 20,661 SF attractive retail center constructed in 2001 on over 2 ac lot in growing and high income (AHI $94K/yr in 3 miles) Phoenix MSA. 81% leased to seven tenants. Actual NOI $183K/yr. $2.615M. 7% actual cap. Upside potential.
  7. Shopping Center in Tucson, AZ: 25,600 SF well maintained shopping center built in 2001 on 4.34 ac lot at a hard corner location. Shadow anchored by Safeway grocery. 85% leased to thirteen tenants. Actual NOI $362K/yr. $4.95M. 7.33% cap.
  8. Fresenius in North Randall, OH: 4620 SF Class-B Fresenius Medical Center on 1 ac lot in Cleveland suburbs. Close to Regency North Central Ohio Hospital and I-480. Recently executed 3-yr lease. NOI $136K/yr. $1.362M. 10% cap.
  9. MOB in Tampa, FL: 4350 SF eye-catching single tenant medical office building renovated in 2005 on .45 ac lot. Close to Memorial Hospital of Tampa. New 10 yrs absolute NNN lease  to Jay J. Garcia MD Weight Loss & Wellness Center with 3 locations in Tampa. NOI $117K/yr. with 3% annual rent bumps.  $1.62M. 7.25% cap.
  10. Retail Center in Chesterfield, MO: 13,558 SF attractive retail center on 2 ac lot at a hard corner location in prosperous St. Louis suburbs with an AHI of $158K/yr in 1 mile. 100% leased. NOI $250K/yr. $2.95M. 8.50% cap.

(c) Transmercial 2015