Dan Lem

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LemRx Realty Advisors
Founding Partner

9Active Listings
$78,357,460Active Volume
0Under Contract
$0Volume
0Closed Transactions
$0Sold Volume

Since 1986 Dan and his team of seasoned advisors have helped clients develop, buy,sell, finance, or sell/leaseback over $1,000,000,000 (US$ one billion) in real estate including over 120 properties occupied by Walgreens, CVS, or Rite Aid. Dan's clients include institutional and high net worth investors including such celebrity clients as George and Gavin Maloof, owners of the Sacramento Kings and Preston Keogh, son of congressman Eugene Keogh of the "The Keogh Plan". Dan is a CPA and has worked at the former "Big 8" accounting firm of Touche Ross & Co. (now Deloitte & Touche). Dan also has an MBA from U.C. Berkeley's Haas School of Business in real estate and marketing, a BA from Queens College in economics and accounting, and is a licensed Real Estate Broker since 1986 with a specialization in single tenant net leased properties.

D (415) 385-7381

M (415) 385-7381

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Licensed in: CA

221 W A Street, Suite 833 Dixon, CA 95620

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Fresenius Medical Care

1355 Palm Bay Road Northeast, Melbourne, FL , 32905

Size SF10,392
Built/Renov2017
Price/SF$665
Lease Start01-01-2017
Rent/SF$33.92
Lease Type NN+
Lot/AC1.48
Pop 5MI141,306

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

6,912,280

Cap Rate 5.10%
NOI $352,526
R. Term/Yrs 8.0
Guarantor Corp R + T
# Units 4,171

View CONTACT

Build to suit
Strategically located
Freeway close
Hospital close
Top 100 MSA
Income tax free state
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Fresenius Medical Care
Guarantor Corp T and Rated
#Units 4,171
Moody's/S&P Baa3/ BBB-
Stock NYSE: FMS

Fresenius Medical Care

3825 County Road 69, Corpus Christi, TX , 78410

Size SF7,160
Built/Renov2018
Price/SF$472
Lease Start05-25-2018
Rent/SF$24.77
Lease Type NN+
Lot/AC2.00
Pop 5MI33,914

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

3,378,888

Cap Rate 5.25%
NOI $177,368
R. Term/Yrs 8.5
Guarantor Corp R + T
# Units 4,171

View CONTACT

Build to suit
Roof guarantee
Freeway close
Hospital close
Major MSA
Income tax free state
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Fresenius Medical Care
Guarantor Corp T and Rated
#Units 4,171
Moody's/S&P Baa3/ BBB-
Stock NYSE: FMS

Walgreens (GL)

600 Long Beach Blvd, Long Beach, CA , 90802

Size SF13,800
Built/Renov2005
Price/SF$554
Lease Start01-01-2005
Rent/SF$19.93
Lease Type Abs NNN
Lot/AC1.50
Pop 5MI409,197

dan lem

(415) 385-7381

haley nekota

(707) 674-1711

7,638,888

Cap Rate 3.60%
NOI $275,000
R. Term/Yrs 6.0
Guarantor Corp R + T
# Units 13,532

View CONTACT

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Hospital close
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Walgreens
Guarantor Corp T and Rated
#Units 13,532
Moody's/S&P Baa2/ BBB-
Stock NASDAQ: WBA

Walgreens

5171 Northwest 43rd Street, Gainesville, FL , 32606

Size SF15,243
Built/Renov2008
Price/SF$686
Lease Start01-01-2008
Rent/SF$30.51
Lease Type Abs NNN
Lot/AC1.35
Pop 5MI120,023

dan lem

(415) 385-7381

haley nekota

(707) 674-1711

10,450,000

Cap Rate 4.45%
NOI $465,000
R. Term/Yrs 9.0
Guarantor Corp R + T
# Units 13,532

View CONTACT

In location for years
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Major MSA
Income tax free state
Long operation history
Absolute NNN
Traded and rated company
Investment grade tenant

...

Tenant Walgreens
Guarantor Corp T and Rated
#Units 13,532
Moody's/S&P Baa2/ BBB-
Stock NASDAQ: WBA

CVS Pharmacy

700 South Gaffey Street, San Pedro, CA , 90731

Size SF14,472
Built/Renov2006
Price/SF$1,071
Lease Start06-01-2006
Rent/SF$47.17
Lease Type Abs NNN
Lot/AC1.14
Pop 5MI210,911

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

15,500,000

Cap Rate 4.40%
NOI $682,625
R. Term/Yrs 6.5
Guarantor Corp R + T
# Units 9,395

View CONTACT

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Hospital close
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Traded and rated company
Investment grade tenant

...

Tenant CVS Pharmacy
Guarantor Corp T and Rated
#Units 9,395
Moody's/S&P Baa2/ BBB
Stock NYSE: CVS

CVS Pharmacy (GL)

1193 Admiral Callaghan Lane, Vallejo, CA , 94591

Size SF16,500
Built/Renov2015
Price/SF$328
Lease Start04-01-2015
Rent/SF$12.73
Lease Type Abs NNN
Lot/AC1.61
Pop 5MI158,923

dan lem

(415) 385-7381

haley nekota

(707) 674-1711

5,418,888

Cap Rate 3.88%
NOI $210,000
R. Term/Yrs 16.1
Guarantor Corp R + T
# Units 9,395

View CONTACT

High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Freeway visibility
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant CVS Pharmacy
Guarantor Corp T and Rated
#Units 9,395
Moody's/S&P Baa2/ BBB
Stock NYSE: CVS

CVS Pharmacy

7010 Fry Road, Cypress, TX , 77433

Size SF12,725
Built/Renov2006
Price/SF$375
Lease Start01-01-2006
Rent/SF$21.63
Lease Type Abs NNN
Lot/AC1.65
Pop 5MI281,123

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

4,766,516

Cap Rate 5.77%
NOI $275,256
R. Term/Yrs 7.1
Guarantor Corp R + T
# Units 9,395

View CONTACT

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Long operation history
Absolute NNN
Traded and rated company
Investment grade tenant

...

Tenant CVS Pharmacy
Guarantor Corp T and Rated
#Units 9,395
Moody's/S&P Baa2/ BBB
Stock NYSE: CVS

CVS Pharmacy

800 W Old Settlers Blvd, Round Rock, TX , 78681

Size SF13,000
Built/Renov2006
Price/SF$522
Lease Start01-01-2006
Rent/SF$23.05
Lease Type Abs NNN
Lot/AC1.95
Pop 5MI208,360

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

6,792,000

Cap Rate 4.41%
NOI $299,616
R. Term/Yrs 7.1
Guarantor Corp R + T
# Units 9,395

View CONTACT

Signalized intersection
Hard corner intersection
Near major nationals
Freeway visibility
Top 100 MSA
Income tax free state
Absolute NNN
24 hour store
Traded and rated company
Investment grade tenant

...

Tenant CVS Pharmacy
Guarantor Corp T and Rated
#Units 9,395
Moody's/S&P Baa2/ BBB
Stock NYSE: CVS

CVS Pharmacy

1900 19th Avenue, San Francisco, CA , 94116

Size SF17,920
Built/Renov1930/2018
Price/SF$977
Lease Start10-05-2014
Rent/SF$37.57
Lease Type Abs NNN
Lot/AC0.47
Pop 5MI912,616

haley nekota

(707) 674-1711

dan lem

(415) 385-7381

17,500,000

Cap Rate 3.85%
NOI $673,167
R. Term/Yrs 5.1
Guarantor Corp R + T
# Units 9,395

View CONTACT

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Strategically located
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Traded and rated company
Investment grade tenant

...

Tenant CVS Pharmacy
Guarantor Corp T and Rated
#Units 9,395
Moody's/S&P Baa2/ BBB
Stock NYSE: CVS

Filters63 Results

Price: $3,350,000 - $5,750,000 ×
Cap Rate: 5,000% - 7,000% ×
Price/SF: $552 - $1025 ×
Year Built: 1984 - 2016 ×
Lease Type: Any ×
Guarantor: 1 Unit - Corp AAA ×
R. Term Yrs/Mos: 6/06-25 ×
Building Size/SF: 150,000F - 254,000F ×
Population 5 Miles: 35,500 - 75,500 ×
AHHI 5Miles: $56,000 - $105,000 ×

Save Export

Type

Tenant

City

Price

Cap Rate

NOI

Size/SF

Price/SF

Rent/SF

Built/Renov

Lot/AC

Lease Type

Guarantor

# Units

Credit S&P

R Term
(Yrs)

Pop (5Mi)
(000)

$ AHHI (5Mi)
(000)

Traffic Count
(000)

Brokerage

Status

Added

Update

DOM

Contact Broker

Listing Broker(s)

Medical/Health

Fresenius Medical Care

Melbourne

$6,912,280

5.10%

$352,526

10,392

$665

$33.92

2017

1.48

NN+

Corp T + R

4,171

BBB-

8.0

141,306

$60,300

33,660

LemRx Realty Advisors

04.05.2024

10.14.2024

261

haley nekota
dan lem

Medical/Health

Fresenius Medical Care

Corpus Christi

$3,378,888

5.25%

$177,368

7,160

$472

$24.77

2018

2.00

NN+

Corp T + R

4,171

BBB-

8.5

33,914

$82,567

28,941

LemRx Realty Advisors

04.05.2024

10.14.2024

261

haley nekota
dan lem

Pharmacy

Walgreens (GL)

Long Beach

$7,638,888

3.60%

$275,000

13,800

$554

$19.93

2005

1.50

Absolute NNN

Corp T + R

13,532

BBB-

6.0

409,197

$79,073

70,000

LemRx Realty Advisors

04.05.2024

10.14.2024

261

dan lem
haley nekota

Pharmacy

Walgreens

Gainesville

$10,450,000

4.45%

$465,000

15,243

$686

$30.51

2008

1.35

Absolute NNN

Corp T + R

13,532

BBB-

9.0

120,023

$72,517

17,000

LemRx Realty Advisors

04.05.2024

10.14.2024

261

dan lem
haley nekota

Pharmacy

CVS Pharmacy

San Pedro

$15,500,000

4.40%

$682,625

14,472

$1,071

$47.17

2006

1.14

Absolute NNN

Corp T + R

9,395

BBB

6.5

210,911

$92,260

72,000

LemRx Realty Advisors

04.04.2024

10.14.2024

261

haley nekota
dan lem

Pharmacy

CVS Pharmacy (GL)

Vallejo

$5,418,888

3.88%

$210,000

16,500

$328

$12.73

2015

1.61

Absolute NNN

Corp T + R

9,395

BBB

16.1

158,923

$80,739

51,000

LemRx Realty Advisors

04.04.2024

10.14.2024

261

dan lem
haley nekota

Pharmacy

CVS Pharmacy

Cypress

$4,766,516

5.77%

$275,256

12,725

$375

$21.63

2006

1.65

Absolute NNN

Corp T + R

9,395

BBB

7.1

281,123

$92,204

81,396

LemRx Realty Advisors

04.04.2024

10.14.2024

261

haley nekota
dan lem

Pharmacy

CVS Pharmacy

Round Rock

$6,792,000

4.41%

$299,616

13,000

$522

$23.05

2006

1.95

Absolute NNN

Corp T + R

9,395

BBB

7.1

208,360

$126,919

25,790

LemRx Realty Advisors

04.04.2024

10.14.2024

261

haley nekota
dan lem

Pharmacy

CVS Pharmacy

San Francisco

$17,500,000

3.85%

$673,167

17,920

$977

$37.57

1930/2018

0.47

Absolute NNN

Corp T + R

9,395

BBB

5.1

912,616

$120,533

80,000

LemRx Realty Advisors

04.04.2024

10.14.2024

261

haley nekota
dan lem

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Dan Lem

1355 Palm Bay Road Northeast, Melbourne, FL , 32905

6,912,280

3825 County Road 69, Corpus Christi, TX , 78410

3,378,888

600 Long Beach Blvd, Long Beach, CA , 90802

7,638,888

5171 Northwest 43rd Street, Gainesville, FL , 32606

10,450,000

700 South Gaffey Street, San Pedro, CA , 90731

15,500,000

1193 Admiral Callaghan Lane, Vallejo, CA , 94591

5,418,888

7010 Fry Road, Cypress, TX , 77433

4,766,516

800 W Old Settlers Blvd, Round Rock, TX , 78681

6,792,000

1900 19th Avenue, San Francisco, CA , 94116

17,500,000

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Dan Lem

1355 Palm Bay Road Northeast, Melbourne, FL , 32905

6,912,280

3825 County Road 69, Corpus Christi, TX , 78410

3,378,888

600 Long Beach Blvd, Long Beach, CA , 90802

7,638,888

5171 Northwest 43rd Street, Gainesville, FL , 32606

10,450,000

700 South Gaffey Street, San Pedro, CA , 90731

15,500,000

1193 Admiral Callaghan Lane, Vallejo, CA , 94591

5,418,888

7010 Fry Road, Cypress, TX , 77433

4,766,516

800 W Old Settlers Blvd, Round Rock, TX , 78681

6,792,000

1900 19th Avenue, San Francisco, CA , 94116

17,500,000

Filters63 Results

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