|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. 10 year absolute NNN lease till 2027. NOI $132K/yr with 2% annual rent increases starting in 2022. $1.32M. 10% cap.
3. Shopping Center in Brooklyn Center, MN: 41,694 SF well maintained shopping center on over 4 ac lot in growing Minneapolis MSA. 95% leased with excellent tenant mix including Dollar Tree, New Horizon Academy, Boost Mobile and Metro PCS. NOI $412K/yr. $4.855M. 8.50% cap.
4. Strip Center in Cypress, TX: 8400 SF attractive retail center built in 2018 on 2.17 ac lot in high income Houston suburbs. 100% NNN leased to six tenants. NOI $244K/yr. $3.762M. 6.50% cap.
5. Medical Condo in Raleigh, NC: 13,416 SF well kept medical condominium part of 76,882 SF Park Place Professional Center in a high income neighborhood with an MHI of $90K/yr in a 1 mile ring. Unit will undergo significant interior renovations in 2020. Roof replacement in past 2 years. Tenant has been at this location since 2011. 100% leased till 2028 to Wake Med Physician’s Practices – Heart & Vascular. NOI $239K/yr with 2% annual rent increases. $3.75M. 6.39% cap.
6. Strip Center in Midwest City, OK: 7500 SF well maintained strip center built in 1996 on 1.25 ac outparcel to Walmart Neighborhood Market in Oklahoma City suburbs. Across from WinCo Foods Supermarket. Just .4 mile from Alliance Health Midwest Medical Center. 81% leased. NOI $91K/yr. $1.224M. 7.50% cap.
7. Strip Center in Oklahoma City, OK: 6800 SF retail center constructed in 1993 on .71 ac lot in high income area with an AHI of $90K/yr. 100% leased to three tenants. NOI $103K/yr. $1.381M. 7.5% cap.
8. Retail Center in Oklahoma City, OK: 6900 SF retail center built in 2010 on .85 ac lot along busy artery. 100% leased to five tenants including Dominos Pizza and Allstate. NOI $78K/yr. $1.042M. 7.5% cap.
9. Burlington in Savannah, GA: 45,981 SF single tenant retail building pm 4 ac lot. Adjacent to Marshalls and T.J. Maxx. Close to Oglethorpe Mall. New 10 year NNN- lease till 2030. NOI $643K/yr with schedule rent increases every 5 years. NOI $643K/yr. $10.299M. 6.25% cap.
10. Industrial Building in Santa Clara, CA: 11,808 SF industrial building completed in 1979 on .64 ac lot in Silicon Valley. Close to Hwy-101. $4.5M.