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02-02: Dollar General, Toys R Us, Babies R Us, MOB, Golden Corral, Retail Centers

  • Dollar General Market in Bakersfield, CA: 18,827 SF well maintained single-tenant free-standing retail building on over 2 ac lot at a signalized corner location. Close to Bakersfield Memorial Hospital. 15-yrs NNN lease to Dollar General with 14-yrs left. NOI $326K/yr with a 10% rent bump in 2023. $4.692M. 7% cap. Buyer to assume $2.979M loan at 5% interest rate.
  • Retail Center in Patchogue, NY: 10,000 SF attractive retail center in high income (AHI $87K/yr in 3 mile radius) coastal town in Long Island.  Anchored by Bravo Supermarkets. 100% NNN leased. NOI $180K/yr. $2.5M. 7.2% cap.
  • Neighborhood Center in Norcross, GA: 105,400 SF shopping center on 9.86 ac lot in growing Atlanta suburbs.  Anchored by Food Depot, a regional grocery store. 100% NNN leased to regional and national tenants. NOI $765K/yr. $7.5M. 10.20% cap.
  • Toys R Us & Babies R Us in Royal Palm Beach, FL: 58,341 SF big box retail building constructed in 2013 on over 5 ac outparcel to 400,000 SF Power Center in growing )533% pop growth since 2000) and high income (AHI $105K/yr) Palm Beach suburbs. Close to 1,300,000 SF The Mall at Wellington Green and Wellington Regional Medical Center. 100% NNN leased. NOI $962K/yr. $13.75M. 7% cap.
  • MOB in Baldwin, NY: 6300 SF multitenant medical office building on .61 ac lot in high income New York suburbs with an AHI of $110K/yr in 1 mile ring. $1.15M. NOI N/A.
  • MOB in Oceanside, NY: 9400 SF well kept medical office building in densely populated and high income (AHI $103K/yr) New York suburbs. Tenants include: Podiatry, Endodontics, General Dentistry, Ophthalmology and Internist. 72% NNN leased. $1.5M. NOI N/A.
  • Shopping Center in Lombard, IL: 125,378 SF attractive shopping center along major retail artery in high income Chicago suburbs.  Anchored by Hobby Lobby, Dollar General, Harbor Freight Tools, and XSport Fitness. 100% leased. NOI $1.2M/yr. $16M. 7.50% cap.
  • Shopping Center in Pembroke Pines, FL: 77,705 SF well maintained shopping center on 8 ac lot along major retail corridor. Near Pembroke Lakes Mall and Memorial Hospital West. 94% leased. Pro forma NOI $1.32M/yr. $17.25M. 7.65% pro forma cap.
  • Golden Corral in Indianapolis, IN: 10,003 SF Golden Corral buffet restaurant built in 1999 on 1.92 ac outparcel to Washington Square Mall.  100% NNN lease with 14-yrs left to a strong franchisee with 13 units.  NOI $185K/yr with 10% rent bumps every 5 yrs. Store with strong sales of over $2.32M/year. $2.56M. 7.25% cap.
  • MOB in Fort Mill, SC: 13,288 SF Class-A multitenant office building constructed in 2000 on 1.21 ac lot in a fast growing (686%) and affluent (AHI $127K/yr) Charlotte metro. 100% leased to Rock Hill GYN-OB, Piedmont Medical Center, Chit Chat Speech-Language Therapy, William Nunn & Co. and LSU Bayview Recovery. $2.1M. NOI N/A.