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February 2015

02-27: MOB; Taco Bell; Shopping Center; Office Buildings

Shopping Center in Rancho Cordova, CA: 36,595 SF well maintained consisting of three buildings including 1670 SF freestanding Wienerschnitzel on 3.52 ac lot in growing middle class Sacramento suburbs. 85% NNN leased. Actual NOI $271K/yr. $4.05M. 6.70% cap. Shopping Center in San Bernardino, CA: 12,700 SF retail building and 7500 SF single-tenant restaurant constructed in 2005 on over 3 ac lot. Next to Costco and across from 130,421 SF Sam’s Club. Close …Read More

02-26: Rite Aid Pharmacy, Hereford Steakhouse, MOB, Office Building, Retail Center

Retail Center in Palmetto, FL: 9690 SF retail center built in 2007 on 1 ac lot in Tampa         suburbs. Shadow anchored by 215,000 SF Walmart Supercenter. With easy access to Hwy-41. 93% NNN leased to 5 tenants.  Current NOI $85K/yr. $1.1M. 7.82% actual cap. Upside potential when fully leased. Strip Center in Mount Pleasant, MI: 16,000 SF strip center on over 1 ac corner lot. 1/2 block from …Read More

02-25: Grocery Outlet, MOB, Kiddie Academy, Strip Centers

Strip Center in Plainfield, IL: 8101 SF attractive strip center built in 2006 in along major retail artery in growing (274% pop growth) and affluent Chicago suburbs with an AHI of $138K/yr in a 3-mile ring. Shadow anchored by Kohl’s and Party City. 100% NNN leased to Sherwin Williams, Edward Jones, Kumon and Cleaners. NOI $140K/yr. $1.915M. 7.35% cap. Grocery Outlet in Escondido, CA: 19,033 SF well maintained Grocery Outlet on 1.49 …Read More

02-24: Walgreens, Regional Center, Retail Plaza, Office Building, Shopping Centers

Shopping Center in Carrolton, TX: 83,697 SF shopping center on 7 ac lot at a hard corner location anchored by 20,068 SF Dollar Tree in high income (AHI $99K/yr in a mile ring) Dallas/Fort Worth suburbs Adjacent to Asian Super Market shopping center. 85% NNN leased. Actual NOI $601K/yr. $7.075M. 8.50% actual cap. Upside potential when fully leased. Walgreens in Fort Worth, TX: 15,120 SF Walgreens Pharmacy on 1.60 ac lot at …Read More

02-23: Retail centers, Starbucks, Kmart, Tire Kingdom, VA clinic

Strip Center in Las Vegas, NV: 7769 SF strip center built in 2006 on 1.2 ac lot in fast growing & high income SE of Las Vegas (1300% since 2000!).  Next to CVS, Sonic, Jiffy Lube, and Carl’s Jr.  100% leased to 6 tenants.  NOI $138K/yr. $2M. 6.91% cap. Starbucks in San Angelo, TX: 1527 SF Starbucks built in 2003 on .3 ac corner lot.  Starbucks recently spent $300K to …Read More

02-20: Retail centers, Office Building, Meineke

Shopping Center in Bradenton, FL: 12,569 SF shopping center built in 2004 on 1.44 ac lot in high income (AHI of $83K/yr) Tampa suburbs.  Excellent visibility with all units facing SR70.  100% NNN leased to 6 good tenants: AAA Auto, UPS Store, Supercuts, Subway, Nail Salon, and Michelangelo Pizza.  NOI $226K/yr.  $3.25M. 6.9% cap. Shopping Center in Bradenton, FL: 11,000 SF retail center built in 2002 on 1.67 ac corner …Read More

02-19: Salvation Army, Burger King, Bank, Shopping Centers

Shopping Center in Jacksonville, FL: 96,127 SF well maintained shopping center anchored by 51,559 SF Winn-Dixie Grocery. All units face main retail artery. Close to Memorial Hospital and I-95. 86% NNN leased with good tenant mix. Actual NOI $462K/yr. $5.535M. 8.35% actual cap. Just $58/SF! Upside potential. Neighborhood Center in Amarillo, TX: 167,600 SF attractive shopping center built in 2008 on over 16 acres of land along I-40. Anchored by four notable tenants: Burlington …Read More

02-18: Family Dollar, Medical Condo, MOB, Retail Centers, Shopping Centers

Retail Building in Parma, OH: 46,700 SF Toys/Babies “R” Us and 1620 SF Mr. Hero on 4.71 ac lot in Cleveland suburbs. Adjacent to Giant Eagle Grocery and Target. Across from Walmart and The Shoppes at Parma Redevelopment. Close to Parma Medical Center. 100% NNN leased. NOI $316K/yr. $4.085M. 7.75% cap. Retail Center in South Milwaukee, WI: 27,483 SF retail center built in 2007 on 7.84 ac lot along busy corridor. Adjacent to …Read More

02-17: MOB, Zaxby’s, Kroger, Retail Centers

Shopping Center in Roswell, GA: 74,790 SF neighborhood center on 7.76 ac lot at a hard corner location in growing and high income (AHI $114K/yr in 5 mile ring) Atlanta suburbs. Renovated in 2004. Across from Power Center with Hobby Lobby, Big Lots, Dollar Tree and more. National tenants include: Auto Zone, Leslie’s Pool Supply, CiCi’s Pizza and Stoney River Legendary Steak. 98% NNN leased. Actual NOI $878K/yr. $10.985M. 8% cap. …Read More

02-16: Rib Crib, Rite Aid, MOB, Mixed-Use, Retail Centers

MOB in Elmhurst, IL: 6780 SF well maintained medical office building constructed in 1998 on .40 ac lot in affluent Chicago suburbs with an AHI of $119K/yr in 1 mile. New 10-yrs NNN- corp lease with over 9-yrs left to Elmhurst Memorial Healthcare, one of the largest integrated health systems with 50 locations. NOI $132K/yr with 2.5% annual rent bumps after 2nd yr. $2.035M. 6.5% cap. Retail Center in West Palm Beach, …Read More