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April 2019

03-29: Arby’s, O’Reilly Auto Parts, Ross Dress For Less, Strip Centers, Shopping Centers

1.   Strip Center in Noblesville, IN: 9,296 SF recently renovated strip center on over 1 ac corner lot in a high income Indianapolis MSA with an AHI of $101K/yr in a 3 mile radius. Leased with long term tenants. NOI $101K/yr. $1.12M. 9.03% cap. 2.   Retail Center in Orem, UT: 20,282 SF attractive retail center completed in 2003 on 1.8 ac lot. Shadow anchored by Macey’s Grocery, a regional operator …Read More

03-18: Mixed-use, Professional Buildings, IHOP Restaurant, Neighborhood Centers, Retail Plazas

  1.   Mixed-use in Palm Bay, FL: 25,200 SF attractive retail/medical center built in 2007 on nearly 3 ac lot. Close to I-95. 100% NNN lease with national, regional and local tenants including Subway, CSI Pediatric Services and Beachside Physical Therapy. NOI $389K/yr. $5.3M. 7.34% cap. 2.   Retail Plaza in North Olmsted, OH: 36,516 SF well kept shopping center on 3.81 ac lot along busy artery in Cleveland MSA. Key …Read More