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Blog Archives

02-25: MOB, Retail Centers, Medical Plazas, Retail Center

  1.   Retail Center in Alpharetta, GA: 15,032 SF attractive retail center built in 2003 on 1.70 ac lot in fast growing and high income Atlanta MSA. Across from Costco and close to Walmart Supercenter. 100% leased to medical and retail tenants. NOI $239K/yr. $3.3M. 7.25% cap. 2.   Medical Plaza in Orange Park, FL: 36,387 SF consisting of three attractive buildings on 7.30 ac lot in high income Jacksonville suburbs …Read More

01-28: Burlington, Kobee Steakhouse, Medical Condo, Shopping Centers

1.   Retail Center in Buffalo, NY: 43,570 SF mature retail center renovated in 1998/2019 on 3.17 ac corner lot. Key tenants: DaVita, Millennium Collaborative Care, Family Dollar and Rent A Center. 93% leased to ten tenants. Mostly NNN leased. Proforma NOI $424K/yr. $2.65M. 16% cap. 2.   Kobee Steakhouse in Longview, TX: 10,740 SF highly rated Japanese restaurant on over 2 ac lot. Tenant has been in business for 13 years. …Read More

01-08: Advance Auto Parts, O’Charley’s, Old Spaghetti Factory, Oak Street Health, MOB

  1.   Walgreens in Canton, OH: 13,880 SF well maintained drive-thru pharmacy built in 1997 on 2.75 ac corner lot. With five points of ingress/egress. 100% NNN- corp lease till 2030. NOI $239K/yr. $3.323M. 7.20% cap. 2.   Retail Plaza in Hermitage, PA: 51,631 SF shopping center completed in 2006 on nearly 11 ac lot. Across from Walmart Supercenter and close to Shenango Valley Mall. Key tenants: Aspen Dental, Sprint, Sport …Read More

12-04: Advance Auto Parts, Big Lots, MOB, Shopping Centers, Multi-tenant Medical Buildings

  1.   MOB in Barnegat, NJ: 9,600 SF medical office building completed in 2009 in high income Philadelphia MSA with an AHI of $96K/yr in a 3 mile radius. 100% leased to Acenda Health (22 locations), Northeast Spine and Sport Medicine (10 locations) & Connolly Dermatology (12 locations). NOI $196K/yr. $2.45M. 8.01% cap. 2.   Shopping Center in Las Vegas, NV: 12,320 SF consisting of two well maintained retail centers constructed …Read More

11-19: Walgreens, Retail Centers, AutoZone, DaVita, Shopping Plazas

  1.   Retail Shops in Las Cruces, NM: 6,836 SF consisting of two retail buildings completed in 2006 on 1 ac corner lot along busy retail corridor. Close to I-25 and Hwy-70. Across from Sam’s Club. 100% NNN lease to Starbucks, AT&T and Sushi Freak. NOI $182K/yr. $2.6M. 7% cap. 2.   AutoZone in Woonsocket, RI: 6,201 SF well maintained single tenant retail building on .61 ac lot in Providence MSA. …Read More

10-31: Jiffy Lube, Family Dollar, Rite Aid, Advance Auto Parts, Business Complex, Retail Plazas, Professional Buildings

  1.   Retail Center in Houston, TX: 11,981 SF beautiful retail center built in 2005 on over 1 ac lot. Anchored by LA Fitness. 100% NNN lease with excellent tenant mix. NOI $316K. $4.5M. 7.03% cap. 2.   Rite Aid in Elmira, NY: 11,348 SF well maintained Rite Aid pharmacy built in 1998 on over 1 ac lot at a signalized intersection. 100% NNN lease with over 9 years left. NOI …Read More

10-16: Walgreens, MedCare Urgent Care, Arby’s, MOB, Hardee’s, Retail Plazas

  1.   Retail Center in Jeffersonville, IN: 19,500 SF well maintained retail center built in 2002 on 1.78 ac lot in Louisville suburbs. Adjacent to Meijer Supermarket. 100% NNN leased with excellent tenant mix including Subway, Domino’s Pizza, H&R Block and Great Clips. NOI $179K/yr. $2.3M. 7.80% cap. 2.   Retail Plaza in Spring, TX: 26,472 SF attractive retail center constructed in 2005 on 2.24 ac lot in high income Houston …Read More

10-01: MOB, Office Building, Jack in the Box, Retail Plazas, Rite Aid, Retail Centers

  1.   Retail Center in Concord, NC: 15,625 SF well maintained retail center completed in 2003 on 3.43 ac corner lot in Charlotte MSA. 100% leased to multiple tenants including Dollar Genera, Jackson Hewitt and Boost Mobile. NOI $147K/yr. $1.909M. 7.75% cap. 2.   MOB in Fort Collins, CO: 3384 SF attractive single tenant medical office building adjacent to a busy corner location in growing Denver metro. 10 year NNN- lease …Read More

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

09-16: Rite Aid, Denny’s, Medical Plaza, Advance Auto Parts, Church’s Chicken, Dollar Tree, MOB

1.   MOB in Prescott, AZ: 7394 SF attractive single tenant medical office building constructed in 2002. Across from Yavapai Regional Medical Center. 100% lease to YRMC Cardiac Services till 2022. NOI $134K/yr. $1.9M. 7.08% cap. 2.   Rite Aid in Wilmington, DE: 11,180 SF drive-thru Rite Aid pharmacy built in 1999 on nearly 1 ac lot in Philadelphia MSA. With four points of ingress/egress. 100% NNN- corp lease till 2023. NOI …Read More