03-24: Carsmetics; MOB; Retail Centers; Strip Centers

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  • Retail Center in Houston, TX: 13,285 SF attractive retail center built in 2008 on 1.35 ac lot at a signalized corner location. On an off/on ramp of Hwy-8. 90% leased to six tenants. NOI $272K/yr. $3.4M. 8% cap.
  • Strip Center in Appleton, WI: 15,957 SF fully renovated strip center. NNN leased with long term tenants. NOI $117K/yr. $1.55M. 7.56% cap.
  • Shopping Center in Saint Petersburg, FL: 34,200 SF well maintained shopping center on 4 ac lot along busy corridor in Tampa suburbs. Close to Walmart and Bay Pines VA Healthcare Systems. 100% leased. NOI $245K/yr. $3.5M. 7% cap.
  • MOB in Round Rock, TX: 4423 SF Class-A multitenant medical office building completed in 2009 on over 2 ac lot in growing and high income (AHI $105K/yr) Austin suburbs. Adjacent to St David’s Round Rock Medical Hospital. 100% NNN leased to three physicians. NOI $120K/yr. $1.4M. 8.50% cap.
  • Retail Center in Reno, NV: 14,429 SF retail center built in 2007 in a growing and upper middle class area. Close to Meadowood Mall and I-580. 87% leased to St Mary’s Urgent Care Facility and Western Dental. Actual NOI $348K/yr. $4.8M. 7.25% actual cap. Upside potential.
  • Neighborhood Center in Lombard, IL: 131,601 SF well maintained shopping center on over 12 acres of land in high income Chicago suburbs with an AHI of $86K/yr in 1 mile. 78% leased with national, regional and local tenants. Actual NOI $449K/yr. $4.695M. 9.57% cap. Upside potential when fully leased.
  • Retail Center in Phoenix, AZ: 16,980 SF retail center built in 2009 on nearly 2 ac lot in a fast growing area. Tenants include: Family Dollar, Quick Check Tax Services, City Nails & Spa, Boost Mobile and Krispy Krunchy Chicken. 85% leased with two vacancies. Pro forma NOI $192K/yr. $2.56M. 7.50% pro forma cap.
  • Retail Building in Pearland, TX: 6600 SF well maintained retail building on 1 ac lot in growing and high income (AHI $98K/yr) Houston MSA. 100% NNN leased to Verizon and Just Brakes. NOI $120K/yr. $1.857M. 6.50% cap.
  • MOB in San Jose, CA: 9454 SF mature multitenant medical office building on .61 ac lot in growing Silicon Valley. Across from Regional Medical Center of San Jose and with easy access to I-680.  72% leased. NOI $195K/yr. $3.35M. 5.84% cap.
  • Carsmetics in Brick, NJ: 7500 SF single tenant auto body shop renovated in 2011 on .34 ac lot in growing and high income (AHI $82K/yr) coastal town. 100% NNN lease with 7-yrs left. NOI $119K/yr. $1.55M. 7.74% cap.

03-23: Famous Dave’s, Jiffy Lube, MOB, Shopping Center, Retail Centers

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  1. Shopping Center in National City, CA: 84,230 SF well kept shopping center on 6.74 ac lot anchored by Wrigley’s Supermarket at a hard corner location in Southern California. Close to Paradise Valley Hospital and I-805. 92% NNN leased. NOI $1.079M/yr. $15.5M. 6.96% cap.
  2. Neighborhood Center in Madera, CA: 134,833 SF shopping center constructed in 1992 on 13.51 ac lot anchored by Pak N Save Grocery (owned by Safeway). Shadow anchored by 118,963 SF Walmart and with easy access to Hwy-99. 91% leased with local, national and regional tenants. NOI $1.6M/yr. $21.335M. 7.50% cap.
  3. Retail Center in Santa Fe, NM: 56,368 SF well maintained shopping center on 6.70 ac lot at a major signalized intersection.  Shadow anchored by Smith’s Food & Drug.  Near Christus St Vincent Regional Medical Center. NNN leased. NOI $636K/yr. $7.95M. 8% cap.
  4. MOB in Las Vegas, NV: 43,897 SF multitenant medical office building completed in 1997 on 2.60 ac lot. Adjacent to Mountain View Hospital and near Hwy-95. 75% leased. Actual NOI $638K/yr. $9.35M. 6.83% actual cap. Upside potential.
  5. Retail Center in Northglenn, CO: 34,272 SF attractive retail center on 3.59 ac lot in growing upper middle class area. With good visibility and with easy access to I-25. 95% leased. NOI $424K/yr. $5.25M. 8.10% cap.
  6. Retail Center in Austin, TX: 12,500 SF attractive retail center at a corner location. Near Walmart Supercenter and Hwy-183. NNN leases. NOI $234K/yr. $3.6M. 6.50% cap.
  7. Famous Dave’s in Aurora, CO: 6698 SF BBQ wood smoked restaurant constructed in 2010 on 1.55 ac outparcel to Cornerstar Center with Target, DSW, Ross Dress for Less and Home Goods. Good demographics:  2,199% pop growth since 2000 and high income area with an AHI of $101K/yr in a 3 mile ring. Across from Arapahoe Crossings with AMC Theaters and Kohl’s. New 15-yrs absolute NNN lease. NOI $265K/yr with 8.5% rent bumps every 5-yrs. $3.785M. 7% cap.
  8. Shopping Center in Las Vegas, NV: 77,650 SF shopping center redeveloped in 2005 on nearly 7 ac lot anchored by Albertsons at a busy intersection. Close to Sunrise Hospital and Medical Center. 90% leased. NOI $1.694M/yr. $20M. 8.47% cap.
  9. Jiffy Lube in Mission Viejo, CA: 4138 SF auto service center along busy retail corridor in affluent Orange County with an AHI of $132K/yr in 1 mile. Adjacent to major center with Big Lots, Stein Mart, Trader Joe’s and Michaels. 100% absolute NNN lease. NOI $141K/yr with 1% annual rent increases. $2.359M. 6% cap.

(c) Transmercial 2015

03-20: Fresenius; A Good Time Out; Golden Corral; La Petite Academy; MOB

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  • AHI: Avg. Household Income.  National average is about $55+K/yr.
  • NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
  • NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
  • NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.
  1. MOB in Debary, FL: 24,000 SF 12-suites medical office building constructed in 2009 on over 4 ac lot in Orlando suburbs. Major tenants include: Family Medicine, West Orange Nephrology, Integrative Physical Med and Kid MD Pediatrics. Close to175-bed Florida Hospital Fish Memorial and I-4. 100% leased. NOI $576K/yr. $7.68M. 7.50% cap.
  2. Fresenius Medical Care in Wyoming, MI: 14,879 SF attractive built-to-suit dialysis center constructed in 1998 on 2.60 ac lot in stable Grand Rapids suburbs. With easy access to Hwy-131. 100% absolute NNN lease with 3-yrs left to a national tenant. NOI $270K/yr. $2.92M. 9.25% cap.
  3. Mixed-use in Jacksonville, FL: 23,808 SF well maintained office/ retail center on 3.21 ac lot. Across from Kmart and adjacent to Winn-Dixie and Publix Supermarket centers. 100% leased with good tenant mix. NOI $220K/yr. $1.95M. 11.32% cap.
  4. Strip Center in Hilliard, OH: 3,832 SF eye-catching strip center completed in 2006 in high income Columbus metro. 100% NNN leased to Cuzzin’s Yogurt, Mod Salon, Jet’s Pizza and Elite Vapor. NOI $119K/yr. $1.442M. 8.25% cap.
  5. A Good Time Out in Bakersfield, CA: 5400 SF highly rated on Yelp day care center constructed in 2005 on .55 ac lot. Adjacent to Endeavour Elementary School and close to major shopping centers. 100% NNN leased. NOI $100K/yr. $1.4M. 7.17% cap.
  6. Department of Public Health in Bellwood, IL: 13,655 SF well maintained office building on .75 ac lot in Chicago suburbs. Tenant has been at this location of 20-yrs. 100% lease with over 3-yrs left to Illinois Department of Public Health with A- credit rating. NOI $122K/yr. $1.257M. 9.74% cap.
  7. MOB in Snellville, GA: 22,606 SF value-add Class-B medical office building on 2.24 ac lot in upper middle-class Atlanta suburbs. Close to Eastside Medical Center. 50% NNN leased with 5-yrs left to Northside Hospital, a Metro Atlanta Healthcare System . Actual NOI $186K/yr. $3.1M. 6% actual cap.
  8. Golden Corral in Indianapolis, IN: 10,003 SF Golden Corral buffet restaurant built in 1999 on 1.92 ac outparcel to Washington Square Mall.  100% NNN lease with 14-yrs left to a strong franchisee with 13 units.  NOI $185K/yr with 10% rent bumps every 5 yrs. Store with strong sales. $2.56M. 7.25% cap.
  9. Retail Building in Chandler, AZ: 9478 SF well maintained retail center on over 1 ac lot at a hard corner location in Phoenix suburbs. Across from Walmart and Fry’s Food center. Close to East Valley Mall. 100% NNN leased. NOI $153K/yr. $1.85M. 8.30% cap.
  10. La Petite Academy in Albuquerque, NM: 8900 SF day care center constructed in 1994 on .89 ac lot in a fast growing and affluent (AHI $95K/yr) neighborhood. 100% absolute NNN corp lease with 8-yrs left. NOI $171K/yr with annual rent bumps. $2.14M. 8% cap.

(c) Transmercial 2015

03-19: MOB, La Petite Academy, Shopping Centers, Strip Centers

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  1. Retail Center in Richland, WA: 13,805 SF retail center built in 2007 on 1 ac lot at a signalized location in Kennewick suburbs. Close to Columbia Center Mall. 92% leased. NOI $199K/yr. $2.85M. 7.01% cap.
  2. Shopping Center in Sandy, UT: 51,914 SF well maintained in-line shopping center on over 7 ac lot at a major retail artery in high income (AHI $105K/yr) Salt Lake City MSA. Shadow anchored by Shopko and Smith’s Grocery.  Across from Home Depot and The Fresh Market Center. Near Alta Valley Hospital. Pro forma NOI $735K/yr. $9M. 8.17% cap.
  3. MOB in Valhalla, NY: 25,118 SF Class-B multitenant office building on 1.31 ac lot in affluent New York suburbs with an AHI of $128K/yr in a 3-mile ring. 75% leased with a good mix of medical & professional tenants. NOI $352K/yr. $4.4M. 8% cap.
  4. Mixed-use in Marlborough, MA: 13,245 SF Class-B office/retail center on .82 ac lot in growing and high income (AHI $93K/yr in 3 miles) Boston metro. 80% leased. NOI $163K/yr. $2M. 8.19% cap.
  5. Retail Center in Southaven, TN: 15,900 SF attractive retail center built in 2007 on 2.29 ac lot in growing Memphis suburbs. Close to Baptist Memorial Hospital-Desoto and I-55/69. 100% NNN leased to Belhaven University, Ageless Men’s Health, Firehouse Subs, Batteries Plus, AAA, Sport Clips and Swankys Taco Shop. NOI $275K/yr. $3.5M. 7.87% cap.
  6. Retail Center in Clinton, UT: 34,186 SF in-line retail center built in 1999 on nearly 3 ac lot at a hard corner location in growing and upper middle-class city North of Salt Lake City. Shadow-anchored Maceys Grocery & across from Lowe’s and Walmart. 72% leased. Pro forma NOI $494K/yr. $6.615M. 7.25% pro forma cap.
  7. Retail Center in Olathe, KS: 16,139 SF attractive retail center constructed in 2004 on an outparcel to Lowe’s, Petco and Hen House Market in Kansas City suburbs. Across from Walmart Supercenter. 100% leased to six local & national tenants including Subway and Jose Peppers. NOI $262K/yr. $3.5M. 7.50% cap.
  8. MOB in Bradenton, FL: 26,180 SF Class-A medical office building on 3.45 ac lot close to 294-bed Blake Medical Center. 90% leased to multiple tenants. NOI $323K/yr. $3.895M. 8.30% cap.
  9. Strip Center in Alsip, IL: 11,238 SF well kept strip center in upper middle class Chicago suburbs. All units face main road. Tenants include: Country Pantry, Alsip Cleaners, Hair Salon, Nexus Staffing, Bakery, Barber Shop and Poor Dog Restaurant. NOI $147K/yr. $1.55M. 9.50% cap.
  10. La Petite Academy in Albuquerque, NM: 6800 SF well maintained day care facility on .65 ac lot in growing (55% pop growth) and upper middle-class (AHI $80K/yr in 3 miles) neighborhood. Close to Cottonwood Mall.  100% absolute NNN lease with 6-yrs left. NOI $129K/yr. $1.547M. 8.35% cap.

(c) Transmercial 2015

03-18: Fresenius Dialysis Center, Famous Dave’s, Walgreens, Office Buildings

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  • Office Building in Sacramento, CA: 14,333 SF Class-B multitenant office building on over 1 ac corner lot along major artery in growing and upper middle-class area. Close to Country Club Plaza and Kaiser Permanente. 93% leased. Actual NOI $122K/yr. $1.75M. 7% cap.
  • Retail Center in Irving, TX: 30,512 SF retail center built in 1994 on nearly 2 ac lot in fast growing Dallas suburbs. Across from Irving Mall. On an off/on ramp of Hwy-183. Anchored by Fallas Discount Store. 100% NNN leased. NOI $269K/yr. $3.1M. 8.70% cap.
  • Office Building in Spring, TX: 42,000 SF Class-B office building constructed in 2002 on nearly 3 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Houston suburbs. 89% leased. NOI $392K/yr. $5.2M. 7.55% cap.
  • Fresenius in Fort Mills, SC: 10,125 SF Class-A dialysis center built in 2005 on 1.95 ac lot in a fast growing Charlotte suburb. On an off/on ramp of I-77. 100% NNN lease with 9-yrs left. NOI $189K/yr. $2.7M. 7% cap.
  • Office Building in Wilton Manors, FL: 29,468 SF well maintained office building in Fort Lauderdale metro. Close to Coral Ridge Mall and Holy Cross Hospital. Leased with a diverse mix of  seasoned local, national and International tenants. NOI $381K/yr. $4.65M. 8.20% cap.
  • Neighborhood Center in Lakeway, TX: 101,121 SF attractive shopping center on over 11 ac lot in growing (118% pop growth since 2000) and affluent (AHI $130K/yr in 1 mile) Austin MSA. Major tenants include: Chair King and Tuesday Morning. 98% leased. NOI $1.313M/yr. $18.114M. 7.25% cap.
  • Retail Center in Austell, GA: 18,340 SF retail center built in 2007 on nearly 2 ac outparcel to Regal Pavilion Cinemas and Gold’s Gym in growing Atlanta suburbs. Major tenants include: Firehouse Subs, Oriental Café, Courtesy Finance of GA and AJA DUI School. 90% NNN leased with only one vacancy. NOI $329K/yr. $4.2M. 7.83% cap.
  • Famous Dave’s in Kennewick, WA: 7396 SF pit-smoked BBQ restaurant constructed in 2008 on 1.47 ac outparcel to Columbia Center Mall. Across from Costco. 100% absolute NNN lease with 13-yrs left. NOI $314K/yr. $4.65M. 6.76% cap.
  • Walgreen’s in Fort Worth, TX: 15,120 SF well maintained pharmacy on 1.60 ac lot at a hard corner location. 20-yrs NNN lease with over 4-yrs left. NOI $296K/yr. $4.228M. 7% cap. Strong sales of over $6M per year.
  • Retail Center in Washington, NJ: 10,227 SF attractive retail center on .62 ac lot at a signalized intersection in high income New York metro. 100% leased to stable tenants. NOI $98K/yr. $1.4M. 7.02% cap.

03-17: TGI’s Friday, Bank of America, MOB, Regional Centers, Strip Centers

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  • Regional Center in Pickerington, OH: 44,834 SF attractive shopping center on 5.87 ac lot anchored by Life Time Fitness in high income Columbus suburbs. Shadow anchored by Kohl’s and next to OhioHealth’s new medical campus. NNN leased. NOI $728K/yr. $8.62M. 8.45% cap.
  • TGI’s Friday’s in Springfield, MO: 8000 SF casual dining restaurant and bar renovated in 2005 on over 1 ac lot. Adjacent to Power center with Ross Dress for Less, T.J. Maxx, Shoe Carnival and Petsmart. Across from Target and Lowes. Close to1,200,000 SF Battlefield Mall. 20-yrs absolute NNN lease with 10-yrs left. $3.265M. 7.35% cap.
  • Bank of America in Fresno, CA: 14,224 SF multiple drive-thru retail building on 1.69 ac lot along main artery. With easy access to Hwy-2. Tenant has been at this location since 1981. 100% NNN corp lease with 5-yrs left. NOI $125K/yr. $1937M. 6.50% cap.
  • Neighborhood Center in Webster, TX: 121,260 SF shopping center on nearly 10 ac lot at a hard corner location in growing and upper middle class area. Major tenants include: Gerland’s Food Town, McDonalds, Family Dollar and Palais Royal. 100% leased. Pro forma NOI $891K/yr. $12.3M. 7.25% pro forma cap.
  • Shopping Center in Atlanta, GA: 33,200 SF Class-A consisting of two retail buildings on 4.48 ac lot. Across from Cumberland Mall, close to Galleria Specialty Mall and next to I-285. Near new Altans Brave’s Stadium. 94% leased. Actual NOI $459K/yr. $5.1M. 9% actual cap. Upside potential.
  • Regional Center in Baytown, TX: 106,779 SF shopping center completed in 2003 on over 12 ac lot in Houston suburbs.  Major tenant include: Michaels, Boot Barn, Shoe Carnival, Pier 1 Imports and Buffalo Wild Wings. Shadow anchored by Kohl’s. Across from 1.15M SF San Jacinto Mall and near I-10. 98% leased. Pro forma NOI $1.331M/yr. $18.364M. 7.24% cap.
  • MOB in Merrillville, IN: 37,328 SF Class-B multitenant medical office building on over 5 ac lot adjacent to Methodist Hospital-Southlake. 100% NNN leased. NOI $462K/yr. $6.3M. 7.34% cap.
  • Office Building in Santa Clara, CA: 7320 SF well maintained office building on .55 ac corner lot in high income Silicon Valley. Adjacent to San Jose International Airport and close to Hwy-101. $2.15M. Seller will carry. Excellent for owner-user!
  • MOB in Eagle, ID: 5300 SF attractive medical office building constructed in 2003 on .59 ac lot in high income (AHI of $90K/yr in 3 miles)Boise suburbs. 100% NNN leased to multiple tenants. NOI $70K/yr. $990K. 7.12% cap.
  • Strip Center in Copiague, NY: 5800 SF strip center on .41 ac lot along main artery in high income New York suburbs. NOI $121K/yr. $1.95M. 6.20% cap.

03-16: Jack in the Box, Golden Corral, IHOP, Mixed-Use, Shopping Centers

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  1. Shopping Center in Winchester, VA: 79,947 SF consisting of four attractive retail buildings built in 2008 on over 12 ac outparcel to 126,000 SF Target and Lowe’s on an off/on ramp of I-81. Notable tenants include: Sleepy’s, Sprint, Sally Beauty Supply, GameStop, PetSmart, Party      City and Subway. 98% NNN leased. NOI $1.397M/yr. $17.998M. 7.76% cap.
  2. Mixed-use in San Jose, CA: 19,826 SF well maintained retail/office center on 1.55 ac lot along major artery. Between Eastridge Mall and Hwy-101. 88% leased. NOI $371K/yr. $6.75M. 5% cap.
  3. Shopping Center in Las Vegas, NV: 53,689 SF striking shopping center constructed in 2005 on 5.58 ac lot in a growing and high income area with an AHI of $92K/yr in 1 mile. Adjacent to major shopping centers with Whole Foods Market, Barnes & Noble, Target, Pier 1 Import, and The Loft. 100% NNN leased. NOI $1.347M/yr. $19.65M. 6.86% cap.
  4. Retail Center in Urbandale, IA: 22,771 SF retail center built in 2001 in fast growing and high income (AHI $99K/yr in 3 miles) Des Moines suburbs. Outparcel to Super Target and Home Depot. Next to I-80. 86% leased. NOI $239K/yr. $3.189M. 7.50% cap.
  5. Jack in the Box in Henderson, NV: 2660 SF drive-thru fast food restaurant completed in 1999 on an off/on ramp of I-215. 100% NNN corp lease with 4-yrs left. NOI $136K/yr. $2.125M. 6.40% cap.
  6. Shopping Center in The Woodlands, TX: 31,505 SF well kept shopping center on over 3 ac lot in fast growing and high income (AHI $94K/yr in 3 miles) Houston MSA. Along I-45. 95% leased. NOI $423K/yr. $5M. 8.47% cap.
  7. Strip Center in Patchogue, NY: 7000 SF strip center on .68 ac corner lot in upper middle class (AHI $84K/yr) New York suburbs. Close to Hwy-27. 100% leased to five tenants. NOI $138K/yr. $1.95M. 7.10% cap.
  8. Golden Corral in Chattanooga, TN: 10,594 SF Golden Corral buffet restaurant on 1.79 ac outparcel to Kohl’s and Target. Close to Hamilton Place Mall and I-75.  100% NNN lease with 12-yrs left. NOI $216K/yr with rent bumps every 5-yrs. $3.099M. 7% cap.
  9. IHOP in Atlanta, GA: 4500 SF IHOP Restaurant built in 2008 outparcel to Walmart. Across from Kroger and Dollar Tree center. 20-yrs absolute NNN lease with over 13-yrs left. NOI $197K/yr. $3.046M. 6.50% cap.

03-13: Perkins;, Office Buildings; Processional Plaza; Retail Centers

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  • Retail Center in Riverdale, GA: 11,250 SF eye-catching retail center constructed in 2008 on 2 ac lot in growing Atlanta suburbs. Major tenants include: Little Caesars, Wings & Hibachi, Lake Ridge Mart, Tattoos Shop, Rose Couture and Hair Salon. 90% leased. Actual NOI $84K/yr. $1.095M. 7.73% actual cap. Upside potential .
  • Professional Plaza in Miramar, FL: 30,692 SF Class-B multitenant office building along main corridor in Miami suburbs. High barrier to entry area. 94% leased. NOI $259K/yr. $3.6M. 7.20% cap.
  • Retail Building in Cortlandt Manor, NY: 4777 SF well maintained retail building on 1 ac lot along main corridor in affluent New York metro with an AHI of $142K/yr in 1 mile radius. 100% leased to Snap Fitness & Thyme Restaurant. NOI $130K/yr. $1.866M. 7% cap.
  • Retail Center Spokane, WA: 24,113 SF consisting of two retail buildings on 2.26 ac lot across from Walmart Supercenter. Adjacent to Costco, Home Depot and Lowe’s. Close to I-90. 100% leased. NOI $282K/yr. $3.95M. 7.15% cap.
  • Shopping Center in Mesa, AZ: 34,405 SF well maintained shopping center on over 3 ac lot at a hard corner location in Phoenix suburbs. Across from Safeway shopping center. 88% NNN leased. NOI $280K/yr. $3.5M. 7.20% cap.
  • Perkins in Milwaukee, WI: 4966 SF Perkins Restaurant on nearly 1 ac lot across from Mitchell International Airport. 100% NNN leased. NOI $107K/yr. $1.54M. 7% cap.
  • Office Building in Denver, CO: 10,302 SF well maintained office building along busy retail corridor. Adjacent to center with Target, Sports Authority and PetSmart. 100% leased. NOI $140K/yr. $1.6M. 8.80% cap.

03-12: Tires Plus; MOB; Shopping Center

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  • Tires Plus in Jacksonville, FL: 6831 SF auto center built in 2000 on 1 ac lot along main artery. Close to I-95. 20-yrs absolute NNN corp lease with 5-yrs left. NOI $164K/yr with an 8% rent bump in 2016. $2.36M. 7% cap.
  • MOB in Fort Mill, SC: 13,288 SF Class-A multitenant office building in a fast growing (686%) and affluent (AHI $127K/yr) Charlotte metro. 100% leased to Rock Hill GYN-OB, Piedmont Medical Center, Chit Chat Speech-Language Therapy, William Nunn & Co. and LSU Bayview Recovery. $2M. NOI N/A.
  • Shopping Center in Surprise, AZ: 52,134 SF attractive shopping center on over 5 ac lot anchored by Mountainside Fitness, a highly rated on Yelp fitness center in Phoenix suburbs. 100% leased. NOI $694K/yr. $9M. 7.72% cap.

03-11: Senor Tequila’s; Taco Bueno; Office Buildings; Retail Centers

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  • Senor Tequila’s in Fort Myers, FL: 9304 SF Mexican restaurant completely renovated in 2014 on 1.73 ac outparcel to Power Center with Super Target, World Market, DSW and Barnes & Noble. Across from Costco and T.J. Maxx. Close to Bell Tower Shops. 10-yrs absolute NNN lease with over 9-yrs left. NOI $171K/yr with 2.5% annual rent bumps. $2.638M. 6.50% cap.
  • Office Building in Woodbury, MN: 20,656 SF Class-A two-story office building in a growing and high income Minneapolis suburbs with an AHI of $86K/yr in 1 mile radius. With easy access to I-494/I94. 100% leased to Prairie Care and Keller Williams Realty. NOI $358K/yr. $4.65M. 7.70% cap.
  • Shopping Center in San Antonio, TX: 134,187 SF well maintained shopping center on 3 ac lot along NW Loop-410. Major tenant include: FAMSA, Inc, Teppanyaki Grill & Buffet and Blast Fitness. Near Ingram Park Mall with Macy’s, Dillard’s, Sears and JCPenney. 87% leased.      7% cap. Price N/A.
  • Office Building in Bohemia, NY: 10,000 SF office/medical office building in high income (AHI $98K/yr) New York suburbs. Close to Mercy and South Nassau Hospital. 76% leased. $1.895M. NOI/Cap N/A.
  • Retail Center in Columbus, OH: 12,516 SF well kept retail center on over 1 ac lot in a high income (AHI $80K/yr in 3-miles) neighborhood. All tenants face main corridor. 100% NNN leased to eight tenants. NOI $141K/yr. $1.665M. 8.50% cap.
  • Taco Bueno in Colorado Springs, CO: 2850 SF brand new Tex-Mex style Mexican cuisine fast food restaurant on .67 ac lot in upper middle class area. With easy access to I-25. 20-yrs absolute NNN corp lease. NOI $110K/yr with 1% annual rent bumps starting in yr-6. $1.84M. 6% cap.
  • Office Building in Phoenix, AZ: 28,594 SF consisting of two well maintained multi-tenant office buildings on nearly 2 ac lot close to Hwy-51. 89% leased. $2.467M. 7.61% cap.