1. Walgreens in Canton, OH: 13,880 SF well maintained drive-thru pharmacy built in 1997 on 2.75 ac corner lot. With five points of ingress/egress. 100% NNN- corp lease till 2030. NOI $239K/yr. $3.323M. 7.20% cap.
2. Retail Plaza in Hermitage, PA: 51,631 SF shopping center completed in 2006 on nearly 11 ac lot. Across from Walmart Supercenter and close to Shenango Valley Mall. Key tenants: Aspen Dental, Sprint, Sport Clips, GameStop, UPMC Urgent Care, GNC, Sally Beauty Supply and Petco. 92% NNN leased. NOI $754K/yr. $9.5M. 7.95% cap.
3. Advance Auto Parts in Canal Winchester, OH: 7,000 SF single tenant retail building constructed in 2004 on 1.84 ac lot in Columbus MSA. 100% NNN- corp lease till 2024. NOI $98K/yr. $1.352M. 7.25% cap.
4. Old Spaghetti Factory in Fairfield, OH: 10,496 SF attractive Italian restaurant built in 2003 on 1.45 ac lot along major retail corridor in Cincinnati suburbs. Adjacent to Cincinnati Mall. Close to 250-bed Mercy Health Fairfield Hospital. On an off/on ramp of I-275 with over 1000K VPD. 100% absolute NNN corp lease till 2027. NOI $189K/yr. Price reduced from $2.688M to $2.585M. 7.35% cap.
5. Retail Center in Wyoming, MI: 11,256 SF strip center renovated in 2015 on over 1 ac lot along busy retail artery in Grand Rapids suburbs. 89% NNN leased to six tenants and only one vacancy. NOI $153K/yr. $2M. 7.69% cap.
6. O’Charley’s in Cincinnati, OH: 7316 SF casual dining restaurant renovated in 2016 on 1.5 ac lot in affluent neighborhood with an AHI of $125K/yr in a 3 mile radius. 100% absolute NNN lease till 2023 to a strong operator with over 200 locations. NOI $150K/yr with annual rent increases. $2.235M. 6.75% cap.
7. Oak Street Health in Memphis, TN: 17,000 SF renovated single tenant medical office building on 2.45 ac lot at a signalized corner location. New 10 year NNN- corp lease to a credit tenant with 2% annual rent increases. 100% leased to Oak Street Health and Region Bank ATM. NOI $186K/yr. $2.657M. 7% cap.
8. Advance Auto Parts in Plainfield, IL: 7,000 SF single tenant retail building on .79 ac lot in high income Chicago metro with an AHI of $117K/yr in a 1 mile ring. Recently extended NNN- lease till 2025. NOI $120K/yr. $1.46M. 8.22% cap.
9. MOB in San Antonio, TX: 17,051 SF attractive medical office building constructed in 1998 at a corner location. 100% leased to five tenants including U.S. Renal Care. NOI $224K/yr. $3M. 7.49% cap.
10. Auto Repair in Longwood, FL: 4562 single tenant auto center renovated in 2006 on .75 ac lot in Orlando suburbs. Along Hwy-17 with over 34,000 VPD. New 10 year absolute NNN lease. NOI $84K/yr with 5% annual rent increases. $1.125M. 7.50% cap.