Commercial Real Estate 101: SNDA: Subordination, Non-Disturbance, and Attornment. An SNDA is a crucial agreement typically required by lenders when a loan is involved in a transaction. It involves the borrower, most of the tenants, and the lender, outlining the following key points: · Subordination: The new mortgage or lien will take priority over existing leases, even […]
1. Evansville St. Vincent Surgery Center in Evansville, IN: 16,872 SF built-to-suit single-tenant surgical center built in 1994 on a 2.53-acre lot. Features an unusual Standing Seam Metal Roof. Only 3 minutes from Ascension St. Vincent Evansville Hospital. 100% leased until 2027. The landlord is responsible for the roof, walls, foundation, structure, and parking lot. […]
1. MOB in Toledo, OH: 18,711 SF attractive two-story medical office building completed in 1994 on a 1.58-acre lot. Located in an affluent neighborhood with an AHI of $155K/year in a 1-mile radius. Along a major retail corridor with 52,500 CPD. With easy access to I-475. Fully occupied by four tenants, including Nationwide Children’s […]
1. Shopping Plaza in West Palm Beach, FL: 49,451 SF shopping center built in 1973 on a 2.60-acre lot. Shadow anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Citi Trends, and Conn’s HomePlus. Adjacent to a main intersection. 100% NNN leased to dd’s DISCOUNTS, Foot Locker, K&G Fashion Superstore, and Dunkin’ Donuts. NOI $836K/yr. […]
1. Dollar Tree Plaza in Charlotte, NC: 51,412 SF attractive retail plaza on 4.95 acres lot. With multiple points of ingress/egress. In densely populated area with 113,459 residents in a 3-mile radius. 100% occupied. NOI $855K/yr. $11.042M. 7.75% cap. 2. Strip Center in Omaha, NE: 9,005 SF well maintained multitenant center developed in […]
Fresenius Kidney Care in Golden Valley, MN: 7,810 SF 18-stations dialysis center built in 1978 on .95 ac lot. Near North Memorial Health Robbinsdale Hospital. In high-income Minneapolis MSA with an AHI of $120K/yr. in a 1-mile radius. 100% NNN- lease till 2027. NOI $113K/yr. $1.617M. 7% cap. Walgreens in Tacoma, WA: 14,168 […]
Retail Plaza in Grand Forks, ND: 61,226 SF attractive retail plaza renovated in 2018 & 2022 on 6.01 acres lot. Outparcel to Columbia Mall. Near University of North Dakota with 17,650 students. 100% NNN leased to three national tenants; Ross Dress for Less, PetSmart, and Harbor Freight Tools. NOI $710K/yr. $8.8M. 8.07% cap. […]
1. UPMC Pinnacle Colon & Rectal Surgery in Harrisburg, PA: 7,008 SF multi-story single tenant medical building. Within 5-miles of 409-bed UPMC Harrisburg Hospital. Near I-81 with over 64,000 CPD. 7-year NNN- corp lease with under 2 years remaining to a highly-rated medical practice. NOI $117K/yr. with 3.5% annual rent increases. $1.2M. 9.77% […]
1. Medical Office Building in Douglasville, GA: 11,900 SF 4-unit MOB with billboard built in 2009 on 1.56 acres corner lot of I-20 & I-92 in Atlanta metro. 100% leased to 4 tenants, 3 of whom are medical. NOI $233K. $3.09M. 7.25% cap. 2. Planet Fitness Center in Schaumburg, IL: 22,988 SF fitness center on a […]
1. Retail Center in Victorville, CA: 24,361 SF well maintained retail center developed in 1989 in growing San Bernardino County. At a busy corner location with over 67,000 CPD in combined daily traffic. Part of Victor Valley Town Center anchored by Vons, Ross and PETCO. 80% leased. NOI $391K/yr. $6.535M. 6% cap. 2. Elstar […]