1. Neighborhood Center in Plainfield, IL: 55,073 SF attractive multitenant retail center along Route 59 with 43,235 VPD. Located in the prosperous Chicago metro area with an AHI of $209K/yr. within a 3-mile radius. 89% NNN occupied with a strong tenant mix, including OneMain Financial, Enterprise Rent-A-Car, Smile Care Dental, Vape N Go, Chop’d […]
1. Retail Center in Rio Rancho, NM: 39,685 SF well-maintained retail center constructed in 1988 on a 5.46-acre lot. With multiple points of ingress/egress. Next to a busy retail corridor with 24,000 VPD. Close to Hwy-528. 96% leased. NOI $428K/yr. $5.26M. 8.15% cap. 2. Anytime Fitness in Shreveport, LA: 6,000 SF single-tenant retail […]
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% […]