|1. DaVita in Rockford, IL: 9,920 SF build-to-suit attractive dialysis center completed in 2004 on 1.57 ac lot. Adjacent to 254-bed OSF Saint Anthony Medical Center. IL is a Certificate of Need State (CON). 100% NNN- corp lease with over 13 years left. NOI $200K/yr with 2% annual rent increases. $3.338M. 6% cap.
2. Wells Fargo Bank in San Francisco, CA: 7,574 SF well maintained single tenant retail building on .13 ac corner lot. Near Golden Gate Park. 100% NNN lease to a national credit tenant. NOI $280K/yr with 2% annual rent increases. $6.6M. 4.25% cap.
3. Walgreens in Meridian, ID: 15,120 SF well kept drive-thru pharmacy completed in 2000 at a hard corner location in high income (AHI $89K/yr in a 5 mile radius) Boise suburbs. 100% NNN- corp lease till 2025. NOI $399K/yr. $5.5M. 7.25% cap.
4. Professional Office in Loves Park, IL: 10,494 SF attractive multitenant office building completed in 2006 on 1 ac lot in affluent Rockford suburbs. 100% NNN leased to JWW Dental and Broadcast Raymond James. NOI $167K/yr. $1.98M. 8.47% cap.
5. MOB in San Antonio, TX: 11,995 SF Class-B attractive medical office building built in 2017 on over 1.5 ac lot in affluent neighborhood with an AHI of $123K/yr in a 3 mile ring. Conveniently located between Methodist Hospital Stone Oak and Baptist Children’s Hospital at North Central. 85% NNN leased with good tenant mix including Tenet Healthcare, Airrosti Rehabilitation, North Hills Family Medicine and Veteran Evaluation Services. NOI $323K/yr. $4.9M. 6.60% cap. Upside potential when fully leased.
6. Advance Auto Parts in Waterloo, IA: 6965 SF well kept single tenant auto center on .83 ac lot at a signalized corner location. 100% NNN- corp lease till 2035. NOI $70K/yr. $1.014M. 6.90% cap.
7. MOB in Derby, KS: 17,463 SF multitenant medical office building renovated in 1995 on 1.79 ac lot at a signalized corner location in Wichita MSA. 100% NNN leased to three medical tenants. NOI $271K/yr. $3.2M. 8.50% cap.
8. Medical Plaza in Ocala, FL: 42,763 SF consisting of seven multitenant medical office buildings renovated in 2018 on 5.58 ac lot. Close to West Marion Community Hospital. With easy access to I-75. 75% leased to eleven tenants. Mostly NNN leases. NOI $352K/yr. $4.65M. 7.58% actual cap. Upside potential when fully leased.
9. Concentra Urgent Care in New Berlin, WI: 7,769 SF well maintained single tenant medical building on .90 ac lot in affluent (AHI $117K/yr in 1 mile radius) Milwaukee metro. 100% NNN- corp lease till 2023 to a strong credit tenant with over 520 urgent care centers in 44 states. NOI $145K/yr with annual CPI rent bumps. $1.25M. 11.62% cap.
10.Family Dollar in Westland, MI: 8329 SF build-to-suit single tenant retail building completed in 2014 on .74 ac lot in Detroit metro. 100% NNN- corp lease till 2023. NOI $133K/yr. $1.667M. 8% cap.