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01-16: Breckenridge Alle House, Big Lots, Michaels, Retail Centers

  • Breckenridge Ale House in Grand Junction, CO: 7803 SF highly rated on Yelp bar and restaurant renovated in 2009 on .69 ac lot adjacent to St. Mary’s Hospital and Regional Medical Center & Colorado Mesa University.  New 20-yrs absolute NNN lease. NOI $228K/yr with 2% annual rent increases. $3.508M. 6.50% cap.
  • Big Lots in Bakersfield, CA: 30,312 SF Big Lots renovated in 2014 on 3.55 ac lot along main corridor with several points of access. Recently signed 10-yrs NNN- corp lease. NOI $248K/yr. $4.145M. 6% cap. NOTE: flyer not available, full brochure upon request.
  • Neighborhood Center in Oklahoma City, OK: 104,520 SF shopping center built in 2004 on over 8 acres of land at a bury artery. Across from Oklahoma City University. Major tenant include: Westlake Hardware, Gold’s Gym, Dollar Tree and Citi Trends. 93% NNN leased. NOI $782K/yr. $10M. 7.82% cap.
  • Mixed-Use in Phoenix, AZ: 37,840 SF well maintained office/retail center on over 5 ac lot at a high traffic intersection. Adjacent to CVS Pharmacy and across from Paradise Valley Community Collage with over 9,000 students. 84% leased. Current NOI $499K/yr. $6.452M. 7.75% current cap. Upside potential.
  • Shopping Center in Palm Springs, FL: 44,300 SF shopping center completely renovated in 2005/2007 on 5.37 ac lot along main corridor in a growing area. 100% leased. NOI $560K/yr. $7M. 8.01% cap.
  • Retail Center in Plantation, FL: 35,937 SF well maintained retail center on over 3 ac lot along main thoroughfare in Fort Lauderdale suburbs. Tenants include Allstate Insurance, A-1 American Plumbing, Plantation Open MRI, All Uniform Wear and Ruby’ s Academy for Home Health Occupations. NOI $246K/yr. $3.25M. 7.57% cap.
  • Michaels in Bellingham, WA: 23,687 SF single tenant retail building completed in 2004 on 2.17 ac lot in a fast growing area. Adjacent to Cordata Center with Costco, T.J. Maxx and Best Buy. Across from Walmart, near Bellis Fair Mall and I-5. 10-yrs NNN lease with 9-yrs left. NOI $257K/yr. $3.98M. 6.46% cap.