06-24: Shopper’s Value Food, Sexson Orthodontics, Family Dollar, DaVita Anchored Building, Oak Street Health, DaVita Dialysis Clinic, Mixed-use
|1. Shopper’s Value Food in Baton Rouge, LA: 50,388 SF big-box single tenant building constructed in 1993 on 7.18 ac lot. Adjacent to a busy corner location. In densely residential neighborhood. 100% NNN leased to a regional operator with 12 grocery stores. NOI $345K/yr. $4.315M. 8% cap.
2. Community Center in Chandler, AZ: 130,488 SF consisting of three multitenant retail buildings on 12.22 ac lot in growing Phoenix MSA. Anchored by Bed Bath & Beyond, DSW, and Old Navy. Shadow anchored by Target. Across from Chandler Fashion Center Mall. Close to Costco. 1.7 miles to Chandler Regional Medical Center. With easy access to Hwy-101/202. 100% leased. NOI $2.284M/yr. $29.291M. 7.80% cap.
3. Sexson Orthodontics in Rockford, IL: 12,600 SF attractive single tenant medical building completed in 2006 on over 1 ac lot in a high-income area. Near OSF Saint Anthony Medical Center and University of Illinois College of Medicine Rockford. New 10-year NNN lease to a highly rated dental practice with multiple locations. NOI $252K/yr. with 2% annual rent increases. $3.6M. 7% cap.
4. Mixed-use Building in Olathe, KS: 18,000 SF consisting of two well maintained professional buildings completed in 1987 on 1.27 ac lot at a signalized intersection in Kansas City metro. Across from MidAmerica Nazarene University. 90% occupied to retail, medical, and professional tenants. NOI $118K/yr. $1.695M. 7% cap.
5. Family Dollar in Atlanta, GA: 8,000 SF single tenant retail building developed in 2012 on .89 ac lot in a fast-growing area. At a signalized corner location. 100% NNN- corp lease till 2025. NOI $137K/yr. $2.034M. 6.75% cap.
6. Retail Center in Little Elm, TX: 42,654 SF eye-catching shopping center renovated in 2012 on 5.78 ac lot in high-income Dallas/Fort Worth MSA. 91% NNN leased to retail, medical, and professional tenants. NOI $702K/yr. $11M. 6.38% cap.
7. DaVita Anchored Building in Kansas City, MO: 16,974 SF 3-tenatns well-kept retail building renovated in 2010|2018. Adjacent to an off/on ramp of I-435 with over 95,000 VPD. 100% NNN leased to DaVita, Sherwin-Williams, and Spinal Rehabilitation Center. NOI $234K/yr. $3.6M. 6.50% cap.
8. Oak Street Health in Birmingham, AL: 11,200 SF single tenant medical building on .76 ac lot. Across from 505-bed Princeton Baptist Medical Center. New 10-year NNN- corp guarantee by Humana with 620 locations. NOI $168K/yr. with 10% rent bumps every 5 years. $2.8M. 6% cap.
9. Retail Center in Smyrna, GA: 10,880 SF Class-B multitenant retail center developed in 2008 on .97 ac lot in high-income Atlanta suburbs. Along signalized & busy corner location with over 29,000 CPD. 100% leased with excellent established tenant mix. NOI $211K/yr. $3.525M. 6% cap.
10. DaVita in Stockton, CA: 8935 SF attractive 23-stations dialysis center in a growing area. 100% NNN- lease till 2029. NOI $296K/yr. with 3% annual rent increases. $5.7M. 5.20% cap.