02-19: Salvation Army, Burger King, Bank, Shopping Centers

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  1. Shopping Center in Jacksonville, FL: 96,127 SF well maintained shopping center anchored by 51,559 SF Winn-Dixie Grocery. All units face main retail artery. Close to Memorial Hospital and I-95. 86% NNN leased with good tenant mix. Actual NOI $462K/yr. $5.535M. 8.35% actual cap. Just $58/SF! Upside potential.
  2. Neighborhood Center in Amarillo, TX: 167,600 SF attractive shopping center built in 2008 on over 16 acres of land along I-40. Anchored by four notable tenants: Burlington Coat Factory, Mardel, Michaels and Petco. 97% NN leased. NOI $1.555M/yr. $19.43M. 8% cap. Buyer to assume $16.2M loan at 5.14% interest.
  3. Salvation Army in Milwaukee, WI: 16,709 SF attractive retail building on 1.55 ac lot at a signalized intersection. Adjacent to Menards Grocery, Target and Dollar Tree. New 10-yrs NNN lease with 9-yrs left. NOI $128K/yr with rent increases every 5 yrs. $1.84M. 7% cap.
  4. Burger King in Colorado Springs, CO: 2621 SF drive-thru fast food restaurant on .85 ac lot along major arty and at a prime corner location. 100% NNN lease to a strong operator with 27 units. NOI $120K/yr. $2M. 6% cap.
  5. Shopping Center in Palmdale, CA: 43,410 SF well maintained shopping center on over 4 ac corner lot in growing and upper middle class Southern California. Across from Palmdale Regional Medical Center and close to Hwy-14.  97% NNN leased.  NOI $588K/yr. $8.75M. 6.73% cap.
  6. Retail Building in Collierville, TN: 6650 SF retail building constructed in 2006 on .79 ac lot in affluent Memphis suburbs with an AHI of $131K/yr in a 3-mile ring. Across from Kohl’s, HomeGoods, Stein Mart and Kroger. 100% NNN leased to two tenants. NOI $116K/yr. $1.325M. 8.82% cap.
  7. Clifton Savings Bank in Fail Lawn, NJ: 6200 SF drive-thru bank on .63 ac lot at a signalized intersection in high income New York suburbs. Close to Garden State Plaza. 100% NNN lease with over 4-yrs left. NOI $96K/yr. $1.6M. 6% cap.
  8. Retail Center in Dallas, TX: 31,424 SF retail center on nearly 3 ac lot with excellent visibility along I-635. 92% NNN leased with good tenant mix. Actual NOI $326K/yr. $4.3M. 6% actual cap. Upside potential.
  9. Shopping Center in Cape Coral, FL: 46,745 SF attractive shopping center completed in 2010 on 3.6 ac lot along major retail artery.  Major tenant s include: Metro PCS, State Farm, Sears Home Center, Zoom Tan, Anytime Fitness and many well established local tenants. Near Publix Super Market and Lowe’s. 89% leased. Actual NOI $521K/yr. $7.299M. 7% cap. Upside potential when fully leased.

(c) Transmercial 2015

02-18: Family Dollar, Medical Condo, MOB, Retail Centers, Shopping Centers

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  1. Retail Building in Parma, OH: 46,700 SF Toys/Babies “R” Us and 1620 SF Mr. Hero on 4.71 ac lot in Cleveland suburbs. Adjacent to Giant Eagle Grocery and Target. Across from Walmart and The Shoppes at Parma Redevelopment. Close to Parma Medical Center. 100% NNN leased. NOI $316K/yr. $4.085M. 7.75% cap.
  2. Retail Center in South Milwaukee, WI: 27,483 SF retail center built in 2007 on 7.84 ac lot along busy corridor. Adjacent to Pick ‘n Save Center. 100% NNN leased to Aldi Food Store,Dollar Tree and Little Caesars. NOI $323K/yr. $4.62M. 7% cap.
  3. Family Dollar in Tucson, AZ: 8320 SF Family Dollar constructed in 2013 on nearly 1 ac lot in a fast growing middle class area. 10-yrs NNN- corp lease with 9-yrs left. NOI $114K/yr. $1.704M. 6.7% cap.
  4. Taco Bell in Las Vegas, NV: 1760 SF attractive drive-thru fast food restaurant along busy corridor. Across from Food 4 Less. 100% absolute NNN lease with 4-yrs left to a strong franchisee with 65-units. NOI $165K/yr. $2.248M. 7.36% cap.
  5. Retail Center in Mansfield, TX: 17,311 SF recently constructed retail center on 2.83 ac lot in fast growing and high income (AHI $96K/yr in 1 mile) Dallas/Fort Worth suburbs. With easy access to Hwy-287. 91% NNN leased. Actual NOI $242K/yr. $3.405M. 7.12% cap.
  6. Shopping Center in Chandler, AZ: 55,194 SF well maintained shopping center on 4.62 ac lot at a hard corner location. Across from Home Depot, Safeway and Staples. Close to Chandler Regional Medical Center. 81% leased with good tenant mix including: Anytime Fitness, Filiberto’s, Sweeties Candy, 360 Physical Therapy, Novacur Pin Center and EVDI Medical Imaging among others. 7% cap. NOI/Price N/A.
  7. Medical Office Condo in Chino Hills, CA: 3551 SF single-tenant  medical office condo constructed in 2009 on 1.80 ac lot in growing and prosperous San Bernardino County with an AHI of $125K/yr in 1 mile radius. Next to Albertsons and near Hwy-71. 10-yr NNN lease with 5-yrs left to a Yelp highly-rated medical tenant. NOI $86K/yr. $1.275M. 6.75% cap.
  8. Shopping Center in Saginaw, TX: 21,290 SF inline shopping center built in 2002 in fast growing and high income Fort Worth suburbs. Shadow anchored by Albertson’s and across from Walmart Supercenter. Good tenant mix: Fossil Ranch Dental, Fossil Creek Liquor, Sunshine Herbs Health Store, T-Mobile and Check ‘n Go. 82% NNN leased. 7.50% cap. NOI/Price Not Disclosed.
  9. Retail Center in Kendall Park, NJ: 11,111 SF well maintained retail center built in 2005 at a signalized corner location in affluent (AHI $103K/yr) New York MSA. NNN leased to multiple tenants. NOI $245K/yr. $3.5M. 7% cap.
  10. MOB in Fountain Valley, CA: 33,070 SF multitenant medical office building on 3 ac lot in densely populated and high income (AHI $91K/yr) Southern California. Across from 413-bed Fountain Valley Regional Hospital. 100% leased. NOI $600K/yr. $10M. 6% cap.

(c) Transmercial 2015

02-17: MOB, Zaxby’s, Kroger, Retail Centers

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  1. Shopping Center in Roswell, GA: 74,790 SF neighborhood center on 7.76 ac lot at a hard corner location in growing and high income (AHI $114K/yr in 5 mile ring) Atlanta suburbs. Renovated in 2004. Across from Power Center with Hobby Lobby, Big Lots, Dollar Tree and more. National tenants include: Auto Zone, Leslie’s Pool Supply, CiCi’s Pizza and Stoney River Legendary Steak. 98% NNN leased. Actual NOI $878K/yr. $10.985M. 8% cap.
  2. MOB in Phoenix, AZ: 31,600 SF two story medical office building along busy corridor and close to I-17. 78% leased by 15 medical & professional tenants. NOI $387K/yr. $5.16M. 7.51% cap.
  3. Zaxby’s in College Park, GA: 3311 SF franchised casual restaurant built in 2006 on over 1 ac outparcel to Walmart in fast growing Atlanta suburbs. Across from Kroger grocer center and close to Hwy-279. This is as sale/leaseback investment. New12-yrs absolute NNN lease to a strong franchisee. NOI $161K/yr with a 5% rent increase in yr 6. $2.308M. 7% cap.
  4. Neighborhood Center in Oklahoma City, OK: 102,757 SF well maintained shopping center constructed in 1994 on over 8 ac lot along major retail corridor. Next to 103,000 SF Walmart Neighborhood Market. Between Shepherd Mall and Oklahoma City University. 94% leased. NOI $782K/yr. $10M. 7.82% cap.
  5. Shopping Center in Tampa, FL: 45,353 SF well kept shopping center on nearly 6 ac corner lot in a high income area with an AHI of $87K/yr in mile. Adjacent anchored tenant include: Lowe’s, The Fresh Market, Bed Bath and Beyond, Petco, Publix, Stain Mart and Tuesday Morning. 100% leased to nineteen tenants. NOI $1.062M/yr. $14.5M. 7.33% cap.
  6. Strip Center in Mankato, MN: 7502 SF attractive strip center built in 1996 on 1.18 ac outlot to Hy-Vee grocery.  Across from 814,000 SF River Hills Mall with 95 stores. Close to Hwy-60. NNN leased. NOI $141K/yr. $1.942M. 7.30% cap.
  7. Kroger in Hendersonville, TN: 58,890 SF well performing Kroger grocery with fuel station on 5.26 ac lot in a growing and high income Nashville suburbs. Tenant has been at this location for over 30-yrs. Tenant pays very low rent. 100% absolute NNN corp lease with 7-yrs left. NOI $309K/yr. $4.718M. 6.55% cap.
  8. Retail Center in Rialto, CA: 25,352 SF well maintained retail center on 1.78 ac lot along main corridor in San Bernardino County. 100% NNN leased. NOI $270K/yr. $4.156M. 6.5% cap.

(c) Transmercial 2015

02-16: Rib Crib, Rite Aid, MOB, Mixed-Use, Retail Centers

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  1. MOB in Elmhurst, IL: 6780 SF well maintained medical office building constructed in 1998 on .40 ac lot in affluent Chicago suburbs with an AHI of $119K/yr in 1 mile. New 10-yrs NNN- corp lease with over 9-yrs left to Elmhurst Memorial Healthcare, one of the largest integrated health systems with 50 locations. NOI $132K/yr with 2.5% annual rent bumps after 2nd yr. $2.035M. 6.5% cap.
  2. Retail Center in West Palm Beach, FL: 12,460 SF well maintained retail center on .52 ac lot along main corridor. 100% leased to Vapor and Tobacco Shop, Tattoo Parlor and Bedding Store. NOI $107K/yr. $1.599M. 6.70% cap.
  3. Mixed-use in Cincinnati, OH: 25,600 SF Class-A office/retail building constructed in 2006 on 3.56 ac lot in growing and upper middle class area with an AHI of $80K/yr in 3 miles. Excellent tenant mix: medical, office and retail. Close to I-74/275. 86% NNN leased seven tenants. Actual NOI $295K/yr. $3.4M. 8.70% cap.
  4. Retail Center in Austin, TX: 11,154 SF well maintained retail center on .87 ac lot in a growing area. Close to Northcross Mall. 100% leased with mostly long-term tenants. NOI $157K/yr. $2.25M. 7% cap.
  5. Retail Center in Cumming, GA: 13,500 SF attractive retail center built in 2008 on 1.70 ac lot in booming (1,078% pop growth since 2000) and affluent (AHI $135K/yr in 1 mile) Atlanta suburbs. 76% leased. NOI $150K/yr. $1.795M. 8.36% cap.
  6. Strip Center in Littleton, CO: 10,000 SF strip center constructed in 2004 on 1.40 ac lot along busy retail corridor in affluent (AHI $108K/yr) Denver suburbs. On an off/on ramp to Hwy-470. 100% NNN leased to five tenants. NOI $208K/yr. $3.05M. 6.85% cap.
  7. Rib Crib in Norman, OK: 4480 SF Rib Crib Restaurant built in 2001 on 1 ac outlot to Regal Cinemas in upper middle-class area. Across from University Town Center anchored by T.J. Maxx ant Target. Close to Sooner Mall and with easy access to I-35. 15-yrs absolute NNN lease with 6-yrs left. NOI $123K/yr with 5% rent bumps every 5-yrs. $1.595M. 7.75% cap.
  8. Rite Aid in Greenville, SC: 13,813 SF well maintained Rite Aid Pharmacy on 2 ac lot in growing and high income (AHI $80K/yr) area. Across from Walmart, Kohl’s and Sam’s Club. Near I-385. 20-yrs absolute NNN lease with 8+-yrs left. NOI $326K/yr. $4.84M. 6.75% cap.
  9. MOB in El Paso, TX: 52,000 SF multi-tenant 4-story medical office building completed in 1995 on  1.11 ac lot across from Del Sol Hospital. Frontage on I-10. NNN leased to multiple tenants. NOI $679K/yr. $8M. 8.49% cap.
  10. Shopping Center in Hesperia, CA: 29,962 SF attractive shopping center built in 2007 on 3.21 ac lot along main corridor in fast growing San Bernardino County.  Major tenants include: 99 Cents Store, US Bank, Taco Bell and AT&T. 98% NNN leased. 6.74% cap. NOI & price N/A.

(c) Transmercial 2015

02-13: UBS, Rite Aid, Mixed-use, Shopping Center

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  • UBS Office Building in Northfield, NJ: 11,784 SF Class-B single-tenant office building on .40 ac lot in high income (AHI $81K/yr) area. Renovated in 2008. 10-yrs NNN lease with 4-yrs left to a credit tenant with A- S&P credit rating. NOI $284K/yr. $3.55M. 8% cap.
  • Office Building in Orlando, FL: 64,217 SF Class-B multitenant office building close to Hwy-441. Close to 1,700,000 SF Florida Mall, with 250 stores.  81% leased. NOI $336K/yr. $4.1M. 8.20% cap.  Less than $64/SF (below replacement cost)!
  • Retail Center in Dunedin, FL: 13,384 SF attractive retail center at a corner location in Tampa suburbs. Across from Walmart Neighborhood Market and close to Westfield Countryside Malland Hwy-19. 100% leased. NOI $168K/yr. $2.249M. 7.47% cap.
  • MOB in Spartanburg, SC: 34,900 SF Class-A single tenant medical office building. 8-yrs NNN lease with 4-yrs left to Greenville Hospital System. NOI $350K/yr with 2% annual rent increases. $4.275M. 8.21% cap.
  • Neighborhood Center in Modesto, CA: 99,315 SF well kept shopping center on over 10 ac lot anchored by 23,200 SF Grocery Outlet, 21,250 SF Sears Outlet and 18,510 SF Fallas Paredes Discount store. 100% NNN leased. NOI $1.034M/yr. $14.7M. 7.04% cap.
  • Rite Aid in Shelby Township, MI: 11,180 SF well maintained Rite Aid Pharmacy on 1.62 ac outparcel to Big Kmart in growing and high income (AHI $90K/yr) Detroit suburbs. Close to Hwy-53. 20-yrs NNN- lease with 4-yrs left. NOI $298K/yr. $3.733M. 8% cap.
  • Shopping Center in Denver, CO: 26,744 SF attractive shopping center on nearly 3 ac lot along major corridor. 100% leased by thirteen tenants. NOI $264K/yr. $3.3M. 8% cap.
  • Shopping Center in Romeoville, IL: 49,900 SF shopping center built in 2004 on 1.43 ac lot in growing (126% pop growth) and upper middle class Chicago suburbs. Major tenants include: Bank of America, Wendy’s, Taco Bell, Buffalo Wild Wings and O’Reilly Auto Parts.  Shadow anchored by Jewel-Osco Grocery. 100% leased. Actual NOI $1.215M/yr. $16.2M. 7.50% cap.
  • Strip Center in Killen, TX: 8878 SF attractive strip center on nearly 1 ac corner lot in a fast growing area. 100% leased. 10% cap. NOI N/A.
  • Mixed-Use in Mohegan Lake, NY: 12,446 SF well maintained office/retail center on 1 ac lot in affluent New York metro with an AHI of $113K/yr in 1 mile ring. NOI $150K/yr. $1.95M. 7.73% cap.

02-12: KFC & Taco Bell; Family Dollar; Rite Aid; Serrano’s Mexican Restaurant; Sweet Tomatoes

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  • KFC & Taco Bell in Marietta, GA: 5000 SF dual branded fast food restaurant built in 1999 on .58 ac outparcel to Target in growing and high income Atlanta metro. Across from major Power Centers with Lowe’s, Publix and Home Depot. 20-yrs absolute NNN ground lease (land for sale) with 4-yrs left to a strong franchisee with 227 units. NOI $54K/yr. $947K. 5.75% cap.
  • Family Dollar in Indianapolis, IN: 8320 SF Family Dollar built in 2014 on .69 ac lot at a signalized intersection. 10-yrs NNN- corp lease with 9-yrs left. NOI $118K/yr. $1.638M. 7.25% cap.
  • Shopping Center in Warren, MI: 100,865 SF well maintained shopping center on 9.56 ac lot anchored by Kroger Supermarket in Detroit suburbs. 98% NNN leased. Actual NOI $793K/yr. $10.241M. 7.75% cap.
  • Rite Aid in Charlotte, NC: 11,421 SF Rite Aid constructed in 1999 on 1.82 acres of lot located at hard corner. 100% NNN corp lease with 5-yrs left. NOI $241K/yr. $3.021M. 8% Cap.
  • Retail Center in Reno, NV: 12,700 SF attractive retail center along busy retail corridor. Close to VA Medical Center. 100% leased. NOI/Price N/A.
  • Serrano’s Mexican Grill in Henderson, NV: 2574 SF highly rated on Yelp Mexican Restaurant on .69 ac lot along main artery in upper middle class Las Vegas suburbs. Recent $150K renovations.100% absolute NNN lease with 12-yrs left. NOI $85K/yr with 2% annual rent bumps. $1.2M. 7.08% cap.
  • Spring Mobile in Addison, IL: 3000 SF recently renovated single tenant retail building on .64 ac outparcel to Addison Cinema and Planet Fitness. Along major corridor and close to I-355. 100% NNN lease. NOI $102K/yr with rent increases. $1.325M. 7.70% cap.
  • Sweet Tomatoes in Jacksonville, FL: 7519 SF all-you-care-to-eat restaurant buffet constructed in 2001 on over 1 ac lot across from Regency Square Mall. 20 yrs absolute NNN lease with 5 yrs left. NOI $198K/yr with CPI rent bumps every 5 yrs. $2.263M. 8.75% cap.
  • Professional Building in San Jose, CA: 9123 SF well maintained office building in growing upper middle class area. 90% leased to multiple tenants. NOI $91K/yr. $1.3M. 7% cap.
  • Office Building in Farmington, MI: 68,119 SF multitenant office building renovated in 1996 at a hard corner location in affluent Detroit suburbs with an AHI of $119K/yr in 1 mile. Close to I-696. 81% leased. NOI $501K/yr. $6.4M. 7.84% cap.

02-11: Harbor Freight Tools, CVS Pharmacy, MOB, Neighborhood Centers

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  • Retail Building in Northglenn, CO: 7048 SF attractive retail center in growing Denver suburbs. Renovated in 2008. Excellent visibility. High barrier to entry area. Close to Northglenn Marketplace, Thornton Town Center Mall and I-25. 100% leased to Advanced Urgent Care and Dazbog Coffee. NOI $143K/yr. $2.2M. 6.50% cap.
  • Harbor Freight Tools (S&P B+) in Portland, OR: 21,725 SF well maintained single tenant retail building on over 1 ac lot along main retail corridor. Across from Fred Meyers Supermarket. Near Eastport Plaza anchored by Walmart, Jo-Ann Fabric and LA Fitness. 10-yrs NNN lease with 9-yrs left. NOI $260K/yr with 10% rent bump in year 6. $4.17M. 6.25% cap.
  • CVS Pharmacy in Clinton Township, MI: 13,013 SF drug store constructed in 2004 on 6 ac lot at a signalized corner location in upper middle class Detroit suburbs. Tenant has been at this location since 1995. 100% NNN corp lease with 10+yrs left. NOI $320K/yr with rare 3% rent increases every 5-yrs. $5.124M. 6.25% cap.
  • Shopping Center in Tamarac, FL: 79,998 SF well maintained shopping center on over 7 ac lot at a major corner location in Fort Lauderdale suburbs. Adjacent to University Hospital & Medical Center. Major tenant include: Sav-A-Lot Grocery, R.C. Hobbies, Dunkin’ Donuts, Goodyear Tire and Quest Diagnostics. 92% leased. Actual NOI $787K/yr. $10.5M. 7.50% cap. Upside potential.
  • Retail Center in Round Rock, TX: 9157 SF shopping center on 1.60 ac lot along main corridor in high income Austin suburbs. Close to St. David’s Round Rock Medical Center. 100% NNN leased. NOI $161K/yr. $2.3M. 7% cap.
  • MOB in Lancaster, CA: 7497 SF well maintained single tenant medical office building in Southern California. Near Antelope Valley Hospital and Hwy-43. NOI $112K/yr. $1.875M. 6% cap.
  • Neighborhood Center in Houston, TX: 110,115 SF shopping center on 9 ac lot anchored by PetSmart at a major corner location. Close to 339-bed Houston Northwest Medical Center. Adjacent to major Power Centers and I-45. 87% leased. Actual NOI $1.122M/yr. $14.960M. 7.50% actual cap. Upside potential when fully leased.
  • Retail Center in Louisville, KY: 16,100 SF attractive retail center on 1.22 ac lot in a growing middle class area. Adjacent to Home Depot and Target. Across from Kroger and hhgregg shopping center. NNN leased. 8.75% cap. Price N/A.

02-10: PLS Check Cashers, BREAKmax, El 30 Mariscos, MOB

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  • PLS Check Cashers in Arlington, TX: 2592 SF recently renovated single tenant retail building on .41 ac lot at a signalized intersection and along main retail artery in Fort Worth suburbs. Outparcel to Kohl’s and close to I-20. 10-yrs NNN- lease with 9-yrs left to a growing credit tenant with over 300 units. NOI $77K/yr with a 10% rent bump in yr-6. $1.149M. 6.74% cap.
  • Shopping Center in Brownsville, TX: 56,204 SF attractive shopping center built in 2002 on 5.85 ac lot with four points of access and along main corridor. Across from 75,000 SF H-E-B grocery. Credit tenants include: Buffalo Wild Wings, Cricket, Sprint PCS, Supercuts and EZMoney. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap.
  • BREAKEmax in Tucson, AZ: 5487 SF vehicle service center on .62 ac lot in a growing area. Close to Tucson Mall and Hwy-77. New 10-yrs absolute NNN corp lease. NOI $77K/yr with 7.5% rent increases every 5-yrs. $1.138M. 6.85% cap.
  • Office Building in Grapevine, TX: 4896 SF Class-B office building in growing and high income (AHI $115K/yr in 5 mile ring) Fort Worth Dallas suburbs. Close to Baylor Regional Medical Hospital and Hwy-114. 100% leased to three tenants. NOI $76K/yr. $950K. 8% cap.
  • Shopping Center in Orange, CA: 30,400 SF well maintained shopping center along major retail corridor in densely populated (534,000 residents in 5 mile radius) and high income (AHI $91K/yr in 3 miles) Southern California. 100% NNN leased. NOI $513K/yr. $8.4M. 6.11% cap.
  • Retail Center in Northville Township, MI: 14,000 SF retail center in high income Detroit suburbs. Near I-275. 83% leased. Actual NOI $119K/yr. $1.295M. 9.25% actual cap. Upside potential when fully leased.
  • El 30 Mariscos in Oxnard, CA: 5727 SF highly rated on Yelp upscale Mexican Seafood Restaurant on .73 ac lot in upper middle class Southern California. Adjacent to Fremont Square Shopping Center with Albertsons, Starbucks, Party Supply Depot, Rite Aid and more. 100% NNN lease with 6-yrs left. NOI $68K/yr. $1.145M. 6% cap.
  • Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4.80 ac lot along main retail corridor in affluent (AHI $112K/yr in 3 miles) Atlanta metro. 100% leased. NOI $436K/yr. $4.477M. 9.75% cap.
  • Retail Center in Palos Heights, IL: 5548 SF retail center on .69 ac outparcel to Jewel-Osco supermarket in high income Chicago suburbs. 100% NNN leased to Lou Malnati’ s Pizzeria, Great Clips, Jersey Mike’ s Subs and Forever Yogurt. NOI $126K/yr. $1.8M. 7% cap.
  • MOB in Dallas, TX: 11,500 SF Class-B single tenant medical office building on over 4 ac lot in a growing and high income area. 100% NNN lease with 7-yrs left to Scott Sabolich Prosthetics & Research, a leader in prosthetic care, design and innovation. NOI $185K/yr. $2.645M. 7% cap.

02-09: MedExpress Urgent Care, Kroger, Best Buy, Midas Auto Service

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  • MedExpress Urgent Care in Altoona, PA: 6400 SF attractive single-tenant medical office building on .48 ac lot in a growing middle-class area. Close to Logan Valley Mall and with easy access to I-99. 20-yrs NNN lease. NOI $78K/yr. $1.2M. 6.50% cap.
  • CVS Pharmacy in Johnson City, NY: 10,125 SF CVS Pharmacy built in 1998 on over 1 ac lot adjacent to UHS Wilson Medical Center. 20-yrs NNN corp lease with 4-yrs left. NOI $229K/yr. $3.529M. 6.50% cap.
  • Office Building in Sandy Springs, GA: 26,550 SF Class-B multitenant office building on 2 ac lot in growing and upper middle class (AHI $85K/yr in 3 miles) Atlanta metro. 86% leased to five tenants. Actual NOI $211K/yr. $2.352M. 9% actual cap. Upside potential.
  • Office Building in Livingston, NJ: 24,000 SF Class-B multitenant office building on .81 ac lot in affluent New York suburbs with an AHI of $109K/yr in 1 mile ring. Good tenant mix: accountants, lawyers and medical practices NOI $165K/yr. $2.3M. 7.20% cap.
  • Kroger in Henderson, TN: 58,890 SF well performing Kroger grocery with fuel station on 5.26 ac lot in a growing and high income Nashville suburbs. Tenant has been at this location for over 30-yrs. Tenant pays very low rent. 100% absolute NNN corp lease with 7-yrs left. NOI $309K/yr. $4.718M. 6.55% cap.
  • Neighborhood Center in Newark, CA: 128,548 SF shopping center anchored by 51m158 SF FoodMax in high income (AHI $97K/yr) San Francisco Bay Area. Close to Newpark Mall and I-880. 96% NNN leased. NOI $1.668M/yr. $30M. 5.56% cap.
  • Best Buy in Auburn Hills, MI: 45,520 SF retail building on 4.47 ac lot in growing and affluent (AHI $105K/yr) Detroit suburbs. Next to Costco and across from Great Lakes Crossing Outlets and I-75. 100% NNN lease with 6-yrs left. NOI $662K/yr with a 3% rent bump in Oct 2015. $7.565M. 8.75% cap.
  • Office Building in Santa Rosa, CA: 7200 SF well maintained office building in growing Sonoma County with easy access to Hwy-101. Between Kaiser Permanente and Coddingtown Mall. 100% leased to multiple tenants. NOI $76K/yr. $1.25M. 6.10% cap.
  • Midas Auto Service in Santa Clarita, CA: 3875 SF auto center built tin 1996 on .68 ac outparcel to Stater Bros Supermarket center in Los Angeles suburbs. Across from Costco.  100% NNN lease with 3-yrs left. NOI $116K/yr. $2.225M. 5.25% cap.

02-06: Burger King, HHGregg, Urgent Care, Church’s Chicken, Strip mall

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  • 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.