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November 2019

09-30: Rite Aid, Freddy’s Frozen Custard, IHOP, MOB, Office Buildings, Retail Plazas

Installed Plugins   1.   MOB in Albuquerque, NM: 8,300 SF well maintained single tenant medical office building on 1.54 ac lot. Close to Presbyterian Kaseman Hospital and I-40. 100% NNN lease with 15 years left to Modern Vascular. 3 year corp guarantee. NOI $360K/yr with scheduled rent increases. $4.8M. 7.5% cap. 2.   Rite Aid in Chesapeake, VA: 10,168 SF drive-thru Rite Aid built in 1995 on 1.27 ac lot at …Read More