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July 2019

06-03: Meineke Car Care Center, Walgreens, Professional Buildings, Retail Centers, MOB

  1.   Meineke in Mobile, AL: 4,200 SF newly constructed car care center. Adjacent to Walmart Neighborhood Market. Close to University of South Alabama. New 10 year absolute NNN lease to a strong operator with over 900 locations. NOI $105K/yr with 1.5% annual rent increases. NOI $1.5M. 7% cap. 2.   Walgreens in Kansas City, MO: 13,905 SF drive-thru drug store completed in 2000 on 1.50 ac lot at a hard …Read More