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September 2019

08-19: MOB, Hooters Restaurant, Egg Basket Pancake House & Restaurant, Retail Centers, Shopping Plazas, Anchored Shopping Centers

  1.   MOB in Land O Lakes, FL: 7100 SF Class-B single tenant medical office building completed in 2007 in middle-class Tampa metro. Part of Offices Of Devonwood, an attractive condominium office park. Along Hwy-54 with over 45,000 CPD. 100% leased with over 5 years left to WellMed with locations in TX & FL. NOI $150K/yr with 2% annual rent increases. $1.9M. 7.94% cap. 2.   Hooters in Rockford, IL: 4,309 …Read More

07-31: McAlister’s Deli, Dollar General, MOB, Office Building, Family Dollar, Taco Bell, Shopping Centers

1.   Shopping Center in Mobile, AL: 37,341 SF attractive shopping center built in 2007 on 5.4 ac lot. Shadow anchored by Walmart Supercenter. Key tenants: Anytime Fitness, Cricket Wireless, Moe’s Original BBQ, Rent-A-Center and Hibbett Sports. 83% leased with excellent tenant mix. Actual NOI $355K/yr. $4.19M. 8.5% cap. Upside potential when fully leased. 2.   McAlister’s Deli in Amarillo, TX: 4148 SF freestanding franchised restaurant renovated in 2010 on nearly 1 …Read More