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01-07: MOB, Bruno’s Burgers, Mixed-use, Retail Centers

  • Shopping Center in Fairview Heights, IL: 59,386 SF shopping center built in 2009 on 5.90 ac lot in growing St Louis metro. Anchored by 25,546 SF JoAnn’s Fabrics & Party City. Adjacent to St. Clair Square Mall and near I-64. 100% NNN leased. NOI $684K/yr. $8.055M. 8.50% cap.
  • Retail Building in St. Louis, MO: 9,971 SF attractive retail building constructed in 2007 on .89 ac corner lot. Excellent tenant mix: City Gear, Check N Go, Boost Mobile and Instant Tax Service. 100% NNN leased. NOI $117K/yr. $1.232M. 9.50% cap.
  • Retail Building in Woodbury, MN: 9426 SF eye-catching retail center on 1.54 ac lot in growing (64% pop growth since 2000) and affluent (AHI $117K/yr) Minneapolis/St Paul suburbs. 100% NNN leased. NOI $127K/yr. $1.55M. 8.24% cap.
  • Bruno’s Burgers in Inglewood, CA: 1227 SF fast food restaurant at a   signalized corner location in Los Angeles area. Along major artery and close to Centinela Hospital Medical Center. 100% NNN lease with 12-yrs left. NOI $48K/yr with CPI rent increases every 2-yrs. $740K. 6.49% cap.
  • Retail Center in Scottdale, GA: 15,300 SF well maintained retail center constructed in 2002 on over 1 ac lot in fast growing Atlanta suburbs. Close to Dekalb Medical Center. 85% leased. Actual NOI $105K/yr. $1.275M. 8.50% actual cap. Upside potential.
  • Retail Building in Rancho Cordova, CA: 23,640 SF retail building on over 3 ac lot along major retail artery. Part of Zinfandel Square Center with Target, Ross Dress for Less, 99 Cents Only and more. Tenants include: Grocery Outlet, a regional grocery chain and Furniture Store. NOI $243K/yr. $4.05M. 6% cap.
  • MOB in Sunnyvale, TX: 11,492 SF Class-A multitenant medical office building on 2.52 ac lot in high income Dallas suburbs. Near Texas Regional Medical Center. NNN leased to stable tenants. NOI $292K/yr. $3.9M. 7.50% cap.
  • Arby’s in McHenry, IL: 3070 SF Arby’s Restaurant completed in 1994 outparcel to a Power Center anchored by Target in Chicago metro. Along major retail artery. 100% absolute NNN lease with 8-yrs left to a strong franchisee with 25-units. NOI $101K/yr. $1.2M. 8.46% cap.
  • Mixed-use in West Orange, NJ: 11,348 SF well kept office/ retail center in affluent New York suburbs with an AHI of $118K/y in 1 mile ring. 80% lease. Actual NOI $192K/yr. $2.725M. 7.06% cap. Upside potential when fully leased.