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March 2015

03-03: Firestone Auto Care; IHOP Restaurant; Regional Center; Mixed-Use; Office Building

Shopping Center in Indianapolis, IN: 59,782 SF consisting of four buildings completed in 2003 on over 8 ac lot in growing middle-class area. Adjacent to Walmart Supercenter. Major tenants include: Rally’s Hamburgers, Sally Beauty, Buffalo Wild Wings, Deals (owned by Dollar Tree), GameStop, Papa Murphy’s Pizza and FedEx Kinko’s. 100% leased. NOI $704K/yr. $9.25M. 7.62% cap. Retail Center in Cincinnati, OH: 30,511 SF attractive retail center built in 1994 on 6 ac outparcel to 915,956 …Read More

03-02: Fitness Evolution; Zaxby’s; AAA Auto; Wild Berries Restaurant

Shopping Center in Brownsville, TX: 56,204 SF shopping center built in 2002 on 5.85 ac lot in a fast growing area. Across from 75,000 SF H-E-B and adjacent to new 195,000 SF Walmart Supercenter. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap. Fitness Evolution in Modesto, CA: 43,347 SF fitness center on 2.62 ac lot along major artery. 20-yrs absolute NNN corp lease. NOI $396K/yr with 1.25% annual rent increases. $5.657M. 7% cap. …Read More