03-10: BWW; Office Buildings; MOB; Retail Centers

  • Retail Center in Centennial, CO: 6948 SF attractive retail center on 1 ac lot in a growing and affluent (AHI $112K/yr in 1 mile) Denver suburbs. Adjacent to King Soopers grocery and Safeway grocery Centers. 100% absolute NNN leased to Budget Transmission and Brakes Plus. NOI $129K/yr. $1.92M. 6.75% cap.
  • MOB in Edmond, OK: 17,213 SF built-to-suit single-tenant medical office building constructed in 1999 on 2 ac lot in growing and upper middle class Oklahoma City suburbs. 11-yrs NNN lease with 5-yrs left to INTREGRIS, a large regional tenant. NOI $308K/yr. $3.635M. 8.50% cap.
  • Shopping Center in Chino, CA: 64,076 SF attractive shopping center built in 1991 on 6 ac lot at a busy retail corridor in upper middle-class San Bernardino County. Close to Hwy-60. 86% NNN leased. NOI $701K/yr. $11.25M. 6.23% cap.
  • Retail Center in Sun City, AZ: 39,443 SF well kept retail center on over 2 ac lot along main retail artery in Phoenix MSA. 91% leased. NOI $384K/yr. $4.925M. 7.80% cap.
  • Buffalo Wild Wings in Texarkana, TX: 6400 SF attractive restaurant constructed in 2007 on 1.25 ac lot with good access and excellent visibility to I-30. Adjacent to Power Center with Cinemark, Home Depot, T.J. Maxx and Beth Bath & Beyond. Across from Lowe’s & Walmart Supercenter and near Central Mall. 100% absolute NNN lease with 5-yrs left. NOI $144K/yr with 2% annual rent bumps. $2.058M. 7% cap.
  • Office Building in Grove City, OH: 27,535 SF Class-B multitenant office building on 3.39 ac lot in fast growing (77% pop growth) and upper middle-class (AHI $76K/yr) Columbus suburbs. Close to I-71. 96% NNN leased to multiple tenants. NOI $315K/yr. $4.5M. 7% cap.
  • MOB in Riverton, UT: 4542 SF Class-B medical office building on ½ ac lot in growing and high income Salt Lake City suburbs. 100% NNN leased. NOI $71K/yr. $965K. 7.40% cap.