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03-09: Alexian Brothers Health System; Wendy’s; DaVita; Fast Med; Office Buildings

  • Alexian Brothers Health System in Addison, IL: 11,200 SF Class-A single-tenant medical office building along major corridor in high income (AHI $92K/yr) Chicago MSA. With easy access to I-355. 100% corp lease to well-known medical service provider. NOI $252K/yr with 3% annual rent increases. $3.45M. 7.33% cap.
  • Wendy’s in Oshkosh, WI: 3270 SF Wendy’s built in 2002 in a fast growing area. Between The Medical Center of Aurora and Hwy-41. This is a sale/leaseback investment. New 20-yrs absolute NNN lease to an experienced franchisee. NOI $77K/yr with 1.5% annual rent increases. $1.244M. 6.20% cap.
  • DaVita Dialysis in Cape Coral, FL: 7404 SF attractive medical office building constructed in 2005 in upper middle-class in Fort Myers suburbs. 100% NNN- lease. NOI $147K/yr with 3.5% annual rent bumps. $2.449M. 6.01% cap.
  • Retail Center in Meridian, ID: 8450 SF retail center built in 2007 on .83 ac lot in growing and middle-class (AHI $73K/yr in 3 miles) Boise suburbs. Across from Fred Meyer Grocery Store. 100% leased. NOI $85K/yr. $1.15M. 7.43% cap.
  • Fast Med in Mesa, AZ: 2600 SF Fat Med Urgent Care Center constructed in 2004 on .40 ac lot on Phoenix suburbs. Close to Banner Mesa Medical Center. 10-yrs NNN lease with over 7-yrs left. NOI $80K/yr. $1.1M. 7.30% cap.
  • Strip Center in Bellmore, NY: 11,700 SF strip center on .51 ac lot in high income New York suburbs with an AHI of $119K/yr in 1 mile ring. 100% leased to multiple tenants. NOI $153K/yr. $3M. 5.10% cap.
  • Office Building in Edmond, OK: 5000 SF Class-B multitenant office building on .49 ac lot in fast growing (284% pop growth since 2000) and high income (AHI $96K/yr) Oklahoma City suburbs. 100% leased to three tenants. NOI $80K/yr. $1M. 8% cap.
  • Shopping Center in San Antonio, TX: 122,120 SF attractive shopping center on over 11 ac lot shadow anchored by 203,000 SF Walmart Supercenter. Close to I-10. 81% leased with good tenant mix. 7% cap. NOI/Price N/A.