|1. Action Behavior Center in Cypress, TN: 9230 SF single tenant mental health clinic built in 2005 in over 1 ac lot in fast growing an high income Houston suburbs. 100% NNN leased till l2027. NOI $176K/yr. $2.5M. 7.05% cap.
2. MOB in Phoenix, AZ: 46,425 SF four-story well maintained medical office building on nearly 3 ac lot. Over $1M in recent improvement including a full renovation of the common areas and new roof. Close to Carl T. Hayden VA Medical Center and St. Joseph’s Hospital and Medical Center. 100% leased to seven tenants. NOI $646K/yr. $8.5M. 7.6% cap.
3. DaVita in Gary, IL: 13,125 SF attractive dialysis clinic constructed in 1992 on .49 ac lot along busy retail corridor in Chicago MSA. 100% NNN- corp lease till 2025. NOI $271K/yr with 2% annual rent bumps. $3.879M. 7% cap.
4. Retail Center in Bossier City, LA: 22,140 SF attractive retail center built in 2007 on 2.70 ac lot at a signalized location. All units face Hwy-71. 71% NNN leased with good tenant mix including Smoothie King, Little Caesars, Dollar One and Verizon. NOI $207K/yr. $3M. 6.92% cap. Upside potential when fully leased.
5. DaVita in Woodbridge, NJ: 10,211 SF attractive DaVita dialysis center completed in 2013 on over 1 ac lot in high income New York suburbs with an AHI of $109K/yr in a 1 mile radius. Close to I-95. 15 year NNN- corp lease till 2028. NOI $233K/yr with a 10% rent increase in year 11. $3.89M. 6% cap.
6. Strip Center in Kissimmee, FL: 10,200 SF recently renovated retail center on 1.58 ac outparcel to Sam’s Club in Orlando suburbs. Along major artery with over 53,000 VPD. 100% NNN lease to OneMain Financial, La Coriana, VIP Massage Spa and Owens Realty Services. NOI $164K/yr. $2.29M. 7.18% cap.
7. Dollar General in Medina, OH: 9014 SF built-to-suit freestanding retail building completed in 2005 on 1 ac lot in upper middle-class Cleveland MSA. 10 year NNN- corp lease with over 7 years left to a strong operator with 16,979 locations. NOI $77K/yr. $1.096M. 7.10% cap.
8. Shopping Center in Oregon, OH: 28,809 SF well maintained retail center on 3.50 ac lot in growing Toledo suburbs. 100% NNN leased to CVS Pharmacy, Dollar Tree, La Z Boy and ProMedica Urgent Care. NOI $353K/yr. Price reduced from $4.615M to $4.285M. 8.25% cap.