Shopping Center in Farmington, NM: 19,720 SF shopping center on 1.92 ac lot on a primary retail artery. High income area. Shadow anchored by Ashley Furniture, adjacent to Target, Lowes, Walmart and near Animas Valley Mall. 100% NNN leased. Tenants include Olive Garden, Edward Jones, Redbrick Pizza. NOI $396K/yr. $4.716M. 8.46% cap. Note: flyer not attached, full brochure available.
Shopping Center in Friendswood, TX: 33,379 SF shopping center built in 1996 &2004 on 2.4 acres lot in affluent Houston suburbs with AHI of $146K/yr in 1 mile. Shadow anchored by HEB grocery. 100% NNN leased. Major tenants include University of Texas Medical Branch, University General Hospital, Friendswood Fitness. NOI $335K/yr. $3.995M. 8.38% cap.
Retail/Office Center in Clermont, FL: 41,902 SF 2-story retail/office center completed in 2006 on 4.3 ac lot on a busy artery in Orlando metro. Leased to medical retail tenants. NOI $631K/yr. $7.65M. 8.25% cap.
Burger King in Phoenix, AZ: 3500 SF restaurant on .8 ac lot. 100% NNN leased with 3 yrs left. NOI $95K/yr. $1.46M. 6.5% cap.
HHGregg Electronic in Chesapeake, VA: 25,150 SF single tenant retail center built in 2010 on 2.1 ac lot. Adjacent to Kohl’ s, Walmart Supercenter and Sam’s Club. 100 NNN- leased with 11 years left to HHGregg, a regional electronic and appliances store. NOI $401K/yr. $5.244M. 7.65% cap.
Urgent Care Center in North Charleston, SC: 8527 SF urgent care center built in 1992 on .42 ac lot. 100% NNN leased till 2022 to Concentra Health Services, Inc., a subsidiary of Humana (NYSE: HUM) with 330 medical centers in 30 states. NOI $226K/yr with 2% annual rent bumps. $3.5M. 6.5% cap.
Strip Mall in Sacramento, CA: 10,800 SF well-maintained 8-unit strip center on .77 ac lot. 95% leased. NOI $78K/yr. $1.3M. 6% cap.
Church’s Chicken in Norman, OK: 2172 SF restaurant on .59 ac lot. New 20 yrs NNN lease. NOI $82K/yr. with 1.25% annual rent bumps from year 6. $1.146M. 7.15% cap.
