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01-23: CVS Pharmacy; MOB; Office Building; Shopping Center

  • Retail Buildings in Forney, TX: 31,160 SF consisting of two attractive retail buildings constructed in 2006/2008 on 3.53 ac lot in fast growing & high income Dallas/Fort Worth suburbs. 89% NNN leased. Current NOI $389K/yr. $4.45M. 8.76% actual cap. Upside potential.
  • CVS in Alpharetta, GA: 10,722 SF well kept drug store built in 1998 on 1.82 ac lot at a hard corner location in affluent Atlanta suburbs with an AHI of $112K/yr in 3 mile radius. 100% NNN lease with over 3-yrs left. NOI $251K/yr. $3.415M. 7.35% cap.
  • MOB in Denton, TX: 12,202 SF Class- A single tenant medical office building constructed in 1995 on 1 ac lot. Across from Golden Triangle Mall, close to Denton Regional Medical Center and I-35E. Recently extended NNN lease with 5-yrs left to Valor Healthcare, a government contractor for the U.S. Dept of Veterans Affairs. NOI $173K/yr with a rent bump in 2017. $2.338M. 7.50% cap.
  • Shopping Center in Sayreville, NJ: 25,883 SF shopping center on 3.75 ac corner lot in high income New York metro. 89% leased. NOI $374K/yr. $5.2M. 7.20% cap.
  • Office Building in Ballwin, MO: 23,580 SF office building renovated in 1994 on 3.64 ac lot along major artery in St Louis suburbs. Close to Des Peres Hospital and I-270. NOI $260K/yr. $3.25M. 8% cap.