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1-30: Best Buy, Childtime, KFC, CVS, Rite Aid, shopping centers

  1. Best Buy in Duluth, GA: 50,484 SF free-standing retail building completed in 1994 on 5.6 ac lot at a great location right next to I-85 with 225,000 Vehicles/day in Atlanta metro.  100% NNN lease with 5 yrs left.  Tenant has been here since 1994. NOI $410K/yr (just $9/SF) with rent bumps every 5 yrs.  $5.655M. 7.25% cap.
  2. Shopping Center in San Antonio, TX: 50,014 SF shopping center built in 2005 on 4.74 ac lot as part of a larger retail complex in affluent Northern San Antonio with AHI $138/yr in 1 mile.94% NNN leased to 13 tenants with 2 small vacant units.  Pro forma NOI $819K/yr. $10.24M. 8% pro forma cap.
  3. Neighborhood Center in Beaumont, TX: 80,491 SF neighborhood center built in 1996 on over 8 acres lot across from Parkdale Mall.  Next to Eastex Fwy exit.  Anchored by Stein Mart.  100% NNN leased.  NOI $1.094M. $13.5M. 8.11% cap.
  4. Retail Center in Carrolton, TX: 12,995 SF retail center built in 2001 on 1.45 ac corner outparcel to Kohls and across from Walmart in affluent Dallas suburbs. 100% NNN leased to Subway, Pizza Hut, GameStop and others.  NOI $311K/yr. $4.293M. 7.25% cap.
  5. Shopping Center in Fort Worth, TX: 20,340 SF shopping center built in 2005 on 4.4 ac corner lot across from Walmart with strong demographics (AHI $90K/yr in 1 mile).  100% NNN leased to Game Stop, The UPS Store, Subway and others.  NOI $434K/yr.  $6.1M. 7.12% cap.
  6. Childtime Learning Center in Tucson, AZ: 6381 SF daycare center on .76 ac outparcel to 156,000 SF community center.  100% NNN leased with 5 yrs left.  NOI 96K/yr.  $1.2M. 8% cap.
  7. KFC in Birmingham, AL: 2288 SF KFC restaurant on .45 ac lot right next to I-20 exit.  20 yrs absolute NNN lease to an operator with 25 units.  NOI $90K/yr with 10% rent bumps in 2021 and 2% annually afterward. $1,396M. 6.5% cap.
  8. CVS Pharmacy in Yuma, AZ: 15,251 SF drug store on 2.51 ac lot.  100% leased with 6 yrs left.  NOI $325K/yr. $4.462M. 7.3% cap.
  9. Rite Aid in Decatur, GA: 10,800 SF drug store built in 1997 on a hard corner lot in middle class Atlanta metro.  100% leased with 4 yrs left.  NOI $242K.  $2.618M.  9.25% cap.