02-05: O’Reilly, Ross Dress For Less, Office Depot, Shopko, Pick n Save Supermarket

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  1. MOB in Aurora, CO: 12,365 SF attractive multitenant medical office building on .67 ac outparcel to1,081,000 SF Town Center at Aurora. Across from Walmart, Sam’s Club and with easy access to I-225. Close to Aurora Regional Medical Center. 70% leased. Actual NOI $105K/yr. $1.5M. 7% actual cap. Upside potential when fully leased.
  2. Strip Center in Fairfield, CA: 6240 SF strip center built in 2011 on .74 ac lot in a growing and affluent (AHI 108K/yr) Solano County between Sacramento and San Francisco. With easy access to I-80. 100% NNN leased to four medical/retail tenants. NOI $138K/yr. $2.5M. 5.52% cap.
  3. O’Reilly Auto Parts in Sacramento, CA: 5,400 SF well maintained O’Reilly Auto Parts at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.74M. 6% cap.
  4. Ross and Office Depot in Pensacola, FL: 49,768 SF attractive retail building constructed in 2007 on over 9 ac lot in a growing area. Adjacent to Lowe’s and across from Home Depot and Walmart Supercenter. 100% leased to two national  tenants. NOI $379K/yr. $5.427M. 7% cap.
  5. Strip Center in Pinellas Park, FL: 6573 SF eye-catching strip center on nearly 1 ac lot along major retail artery in growing St Petersburg suburbs. Across from Sam’s Club and near St. Petersburg College Campus. 100% NNN leased to Leslie’s Pools, Little Caesars, Max Fit and Luxury Nails. NOI $140K/yr. $2M. 7% cap.
  6. Apartments in Mesa, AZ: 16-units well maintained apartment complex in Phoenix suburbs. Across from Ellsworth Park 100% occupied. NOI $84K/yr. $1.099M. 7.72% cap.
  7. Shopko in Madison, WI: 99,101 SF Shopko Department Store renovated in 2004 on nearly 10 ac outparcel to 915,307 SF West Towne Mall. Close to Hwy-14. 100% NNN lease with 15-yrs left. NOI $780K/yr with rent bumps. $11.555M. 6.75% cap.
  8. Shopping Center in Las Vegas, NV: 50,307 SF well maintained shopping center on 3.85 ac lot at a signalized corner location. All units face main artery. Close to The Strip and I-15. 91% leased. Actual NOI $569K/yr. $7.8M. 7.30% cap.
  9. Pick n Save in Glendale, WI: 61,910 SF Pick n Save Supermarket renovated in 2003 on 8.45 ac lot. 20-yrs NNN- corp lease with 15-yrs let to a regional operator with 156 stores. NOI $897K/yr. $13.3M. 6.75% cap.

02-04: Lumber Liquidators, Rite Aid, MOB Portfolio, Petco, Retail Building

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  1. Retail Building in Arlington, TX: 6030 SF attractive retail building constructed in 2007 on 1.22 ac lot in a fast growing and upper middle class area. Across from Tarrant County College, with over 10,000 students. 100% NNN lease to Nebraska Bookstore and Orchid City Fusion Café. NOI $110K/yr. $1.288M. 8.59% cap.
  2. Lumber Liquidators in Rock Hill, SC: 6400 SF attractive single tenant retail building on 1.38 ac lot at a signalized corner location in Charlotte suburbs. Outparcel to shopping center anchored by Compare Foods Supermarket, Dollar General and Planet Fitness. New 7-yrs NNN corp lease. NOI $88K/yr with a rent bump in year 6. $1.215M. 7.24% cap.
  3. MOB in Lake Mary, FL: 4634 SF Class-A single tenant medical office building in growing and high income (AHI $93K/yr) Orlando suburbs. 100% NNN lease with 4-yrs left to Lake Mary Surgical Center, the second-largest and fastest-growing independent operator in the nation. 8% cap. Price Not Disclosed.
  4. Rite Aid in Hendersonville, NC: 10,908 SF double drive-thru pharmacy built in 1997 on 1.51 ac lot at a 3-way signalized intersection. Close to 138-bed Margaret R. Pardee Memorial Hospital. 100% absolute NNN lease with 3-yrs left. NOI $284K/yr. $3.352M. 8.50% cap.
  5. MOB in Prescott, AZ: 6244 SF Class-A single tenant medical office building on .70 ac lot in a fast growing middle-class area. Seller to lease back at close of escrow.. 100% leased. NOI $92K/yr. $1.25M. 7.40% cap.
  6. Petco in Vernon Hills, IL: 22,000 SF retail building part on a major shopping center with Walmart, Toys R Us and OfficeMax in affluent (AHI $120K/yr in 5 mile ring) Chicago metro. Across from Westfield Hawthorn Mall. 100% NNN lease with 3-yrs left. NOI $483K/yr. 5.95M. 8.13% cap.
  7. Mixed-use in Delray Beach, FL: 46,623 SF retail/office center on 4.54 ac lot in Coral Springs suburbs. 7% cap. Price Not Disclosed.
  8. MOB Portfolio: 33,472 SF of properties consisting of four well maintained medical buildings two in FL, one in OH and one in MI.100% NNN leased with 5-yrs left. NOI $720K/yr. $9M. 8% cap.

02-03: Medical Condominiums, Walgreens, Rite Aid, Retail Centers

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  • Retail Center in Salinas, CA: 11,312 SF attractive retail center built in 1991 on .88 ac corner lot with easy access to Hwy-101. 100% leased to One Stop Auto, Wheel World, TKO Sound Wireless, S&H Taxes and Nu Delta Ins & Financial. NOI $113K/yr. $1.57M. 7.25% cap.
  • Shopping Center in Rosenberg, TX: 22,190 SF eye-catching shopping center constructed in 2006 on over 2 ac lot at a signalized corner location in fast growing Houston metro. Close to Brazos Town Center  and I-69.  81% NNN leased. 7.14% cap. Price Not Disclosed.
  • Neighborhood Center in Delray Beach, FL: 68,292 SF well maintained shopping center on over 7 ac lot at a major signalized intersection in growing area just North of Fort Lauderdale. 97% leased. Actual NOI $815K/yr. $10.5M. 7.75% actual cap.
  • MOB’s in Lancaster, CA: 18,997 SF Class-B consisting of 16-individual medical office condominiums completed in 2009 adjacent to Antelope Valley Hospital in growing Southern California. 100% NNN lease with long-term tenants. NOI $311K/yr. $4.65M. 6.69% cap.
  • Shopping Center in Atlanta, GA: 190,167 SF well-kept shopping center on 20.56 ac of land with Bufford Highway frontage. Anchored by 85,537 SF Burlington Coat Factory. Close to I-285. 100% leased. NOI $1.622M/yr. $20.275M. 8% cap. Buyer to assume $11.8M loan at 4.66% interest due in 2025.
  • Walgreens in Fort Worth, TX: 15,120 SF Walgreen’s Pharmacy on 1.60 ac lot at a hard corner location. Strong sales of over $6M per year. 100% NNN lease with 4-yrs left. NOI $296K/yr. $4.228M. 7% cap.
  • Retail Center in Modesto, CA: 14,700 SF 5-units attractive retail center built in 2006 on 1 ac lot in growing upper middle class area. 100% NNN leased. NOI $168K/yr. $2.4M. 7% cap.
  • Shopping Center in Oak Creek, WI: 73,763 SF attractive shopping center constructed in 2005 on over 11 ac lot anchored by a 62,563 SF Pick ‘n Save Grocery in growing and high income (AHI $87K/yr) Milwaukee suburbs. With easy access to I-94. 100% leased. 7% cap. Price Not Disclosed.
  • Shopping Center in Las Vegas, NV: 53,000 SF shopping center along major retail corridor in growing (39% pop growth since 2000) and upper middle class (AHI $73K/yr in 3 miles) area. All units face main road. NOI $1.44M/yr. $12M. 12% cap (Note: Transmercial is a bit cautious      about this figure).
  • Rite Aid in San Diego, CA: 17,500 SF Rite Aid Pharmacy on 1.38 ac lot in a densely populated area. Adjacent to Big Lots, dd’s Discount, Family Dollar and San Diego Marketplace. Recently extended NNN lease with 5-yrs left. NOI $99K/yr. $1.695M. 5.88% cap.

02-02: Dollar General, Toys R Us, Babies R Us, MOB, Golden Corral, Retail Centers

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  • Dollar General Market in Bakersfield, CA: 18,827 SF well maintained single-tenant free-standing retail building on over 2 ac lot at a signalized corner location. Close to Bakersfield Memorial Hospital. 15-yrs NNN lease to Dollar General with 14-yrs left. NOI $326K/yr with a 10% rent bump in 2023. $4.692M. 7% cap. Buyer to assume $2.979M loan at 5% interest rate.
  • Retail Center in Patchogue, NY: 10,000 SF attractive retail center in high income (AHI $87K/yr in 3 mile radius) coastal town in Long Island.  Anchored by Bravo Supermarkets. 100% NNN leased. NOI $180K/yr. $2.5M. 7.2% cap.
  • Neighborhood Center in Norcross, GA: 105,400 SF shopping center on 9.86 ac lot in growing Atlanta suburbs.  Anchored by Food Depot, a regional grocery store. 100% NNN leased to regional and national tenants. NOI $765K/yr. $7.5M. 10.20% cap.
  • Toys R Us & Babies R Us in Royal Palm Beach, FL: 58,341 SF big box retail building constructed in 2013 on over 5 ac outparcel to 400,000 SF Power Center in growing )533% pop growth since 2000) and high income (AHI $105K/yr) Palm Beach suburbs. Close to 1,300,000 SF The Mall at Wellington Green and Wellington Regional Medical Center. 100% NNN leased. NOI $962K/yr. $13.75M. 7% cap.
  • MOB in Baldwin, NY: 6300 SF multitenant medical office building on .61 ac lot in high income New York suburbs with an AHI of $110K/yr in 1 mile ring. $1.15M. NOI N/A.
  • MOB in Oceanside, NY: 9400 SF well kept medical office building in densely populated and high income (AHI $103K/yr) New York suburbs. Tenants include: Podiatry, Endodontics, General Dentistry, Ophthalmology and Internist. 72% NNN leased. $1.5M. NOI N/A.
  • Shopping Center in Lombard, IL: 125,378 SF attractive shopping center along major retail artery in high income Chicago suburbs.  Anchored by Hobby Lobby, Dollar General, Harbor Freight Tools, and XSport Fitness. 100% leased. NOI $1.2M/yr. $16M. 7.50% cap.
  • Shopping Center in Pembroke Pines, FL: 77,705 SF well maintained shopping center on 8 ac lot along major retail corridor. Near Pembroke Lakes Mall and Memorial Hospital West. 94% leased. Pro forma NOI $1.32M/yr. $17.25M. 7.65% pro forma cap.
  • 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 of over $2.32M/year. $2.56M. 7.25% cap.
  • MOB in Fort Mill, SC: 13,288 SF Class-A multitenant office building constructed in 2000 on 1.21 ac lot 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. $2.1M. NOI N/A.

1-30: Best Buy, Childtime, KFC, CVS, Rite Aid, shopping centers

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  1. Best Buy in Duluth, GA: 50,484 SF free-standing retail building completed in 1994 on 5.6 ac lot at a great location right next to I-85 with 225,000 Vehicles/day in Atlanta metro.  100% NNN lease with 5 yrs left.  Tenant has been here since 1994. NOI $410K/yr (just $9/SF) with rent bumps every 5 yrs.  $5.655M. 7.25% cap.
  2. Shopping Center in San Antonio, TX: 50,014 SF shopping center built in 2005 on 4.74 ac lot as part of a larger retail complex in affluent Northern San Antonio with AHI $138/yr in 1 mile.94% NNN leased to 13 tenants with 2 small vacant units.  Pro forma NOI $819K/yr. $10.24M. 8% pro forma cap.
  3. Neighborhood Center in Beaumont, TX: 80,491 SF neighborhood center built in 1996 on over 8 acres lot across from Parkdale Mall.  Next to Eastex Fwy exit.  Anchored by Stein Mart.  100% NNN leased.  NOI $1.094M. $13.5M. 8.11% cap.
  4. Retail Center in Carrolton, TX: 12,995 SF retail center built in 2001 on 1.45 ac corner outparcel to Kohls and across from Walmart in affluent Dallas suburbs. 100% NNN leased to Subway, Pizza Hut, GameStop and others.  NOI $311K/yr. $4.293M. 7.25% cap.
  5. Shopping Center in Fort Worth, TX: 20,340 SF shopping center built in 2005 on 4.4 ac corner lot across from Walmart with strong demographics (AHI $90K/yr in 1 mile).  100% NNN leased to Game Stop, The UPS Store, Subway and others.  NOI $434K/yr.  $6.1M. 7.12% cap.
  6. Childtime Learning Center in Tucson, AZ: 6381 SF daycare center on .76 ac outparcel to 156,000 SF community center.  100% NNN leased with 5 yrs left.  NOI 96K/yr.  $1.2M. 8% cap.
  7. KFC in Birmingham, AL: 2288 SF KFC restaurant on .45 ac lot right next to I-20 exit.  20 yrs absolute NNN lease to an operator with 25 units.  NOI $90K/yr with 10% rent bumps in 2021 and 2% annually afterward. $1,396M. 6.5% cap.
  8. CVS Pharmacy in Yuma, AZ: 15,251 SF drug store on 2.51 ac lot.  100% leased with 6 yrs left.  NOI $325K/yr. $4.462M. 7.3% cap.
  9. Rite Aid in Decatur, GA: 10,800 SF drug store built in 1997 on a hard corner lot in middle class Atlanta metro.  100% leased with 4 yrs left.  NOI $242K.  $2.618M.  9.25% cap.

01-29: Walgreens, Provident Bank, YouFit, Hardee’s

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Below are the most commonly used acronyms:

  • 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. Walgreens in Hilly Hill, FL: 13,849 SF double drive thru Walgreens built in 1997 on 1.53 ac lot at a signalized intersection in Daytona Beach suburbs. 30-yrs NNN- lease with 14-yrs left. NOI $242K/yr. $4.048M. 6% cap.
  2. Provident Bank in La Quinta, CA: 3371 SF drive thru Provident Bank completed in 1998 on .84 ac outparcel to Power Center with Kohl’s, Starter Bros. Market, Ross Dress for Less and Petco, Hobby Lobby and Big 5. Across from Target, Lowe’s and Trader Joe’s. 7-yrs NNN lease with 4-yrs left. NOI $86K/yr with a rent bump in 2016. $1.74M. 5% cap. NOTE: Full brochure upon request.
  3. Strip Center in Salina, KS: 6400 SF attractive retail center constructed in 2007 on ½ acre corner lot. Near I-135. 100% NNN leased by Sprint, Complete Nutrition and AT&T. NOI $126K/yr. $1.525M. 8.32% Cap.
  4. Shopping Center in Sioux Falls, SD: 38,713 SF attractive shopping center built in 2000 on 3.45 ac lot in upper middle class area.  Good tenant mix:  Ruby Tuesday, Cold Stone Creamery, Stride Rite, Ideal Wedding Center, Envision Event Planning & Print Studio,
    Tip Top Tux, and more. Close to Empire Mall and with easy access to I-29. 88% NNN leased. Actual NOI $407K/yr. $4.75M. 8.59% cap. Upside potential.
  5. Office Building in Las Vegas, NV: 8375 SF well maintained multi-tenant office building on .91 ac lot in a growing area. 100% leased. NOI $85K/yr. $954K. 9% cap.
  6. YouFit Health Club in Alpharetta, GA: 12000 SF single tenant retail building constructed in 1999 adjacent to Staples, Jo-Ann Fabric and Best Buy. Near North Point Mall and Hwy-19. Good demographics: 43% pop growth since 2000 and AHI of $103K/yr in a 3 mile ring in Atlanta suburbs. New 10-yrs NNN corp lease. 188K/yr. $2.55M. 7.41% cap.
  7. Retail Building in Homewood, IL: 12,216 SF Dollar Tree and 7000 SF Buffalo Wild Wings retail building renovated in 2011 on nearly 2 ac outparcel to new Walmart Supercenter in Chicago suburbs. Close to I-80. 100% leased. NOI $259K/yr. $3.61M. 7.20% cap.
  8. Hardee’s in Birmingham, AL: 3481 SF fast food restaurant built in 1993 on 1 ac corner lot. Between Publix Super Market and Winn Dixie. 100% NNN corp lease with 8-yrs left. NOI $84K/yr with rare rent increases. $1.299M. 6.50% cap.
  9. Retail Centers in Mooresville, NC: 72,903 SF consisting of two retail buildings on over 9 ac of land along major retail artery in affluent area. Across from Sam’s Club, Adjacent to major centers with Target, TJ Maxx, Beth Bath and Beyond & Lowes to name a few. Near I-77. 97% leased to Ashley Furniture, HHGregg, Hickory Tavern and Zaika Indian Cuisine. NOI $1.118M/yr. $14.912M. 7.50% cap. Loan can be assumed by buyer. NOTE: full brochure upon request.

01-28: MOB, AAP, La Petite Academy, Retail Centers

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  • Retail Building in Humble, TX: 16,535 SF attractive retail building completed in 2005 at a hard corner location in fast growing and high income Houston suburbs. Across from Walmart and adjacent to Kroger and Sam’s Club. Close to Memorial Hermann Northeast Hospital, Deerbrook Mall and I-69. 100% NNN leased to seven tenants. NOI $374K/yr. $5.35M. 7% cap.
  • Strip Center in Gurnee, IL: 9697 SF newly constructed strip center along main retail corridor in growing middle-class Chicago suburbs. Close to Six Flags Great America. 100% NNN leased to Sprint, Jimmy John’s, T-Mobile and Accelerated Health Systems. NOI $188K/yr. $2.42M. 7.80% cap.
  • MOB in Houston, TX: 37,786 SF Class-B medical office building renovated in 2013 on 1.73 ac lot along Hwy-59. Close to Houston Orthopedic and Spine Hospital and I-610. 100% NNN leased. NOI $761K/yr. Price: please submit.
  • Office Building in Casselberry, FL: 52,889 SF well maintained office building on 3.35 ac lot along major retail corridor in growing Orlando suburbs. 73% leased. Actual NOI $262K/yr. $3.75M. 7% cap.
  • Office Building in Fresno, CA: 10,066 Class-B SF single tenant office building on nearly 1 ac lot. Close to Saint Agnes Medical Center, Kaiser Permanente Medical Center and Hwy-41.  Seller will lease back.. NOI $138K/yr. $1.85M. 7.50% cap.
  • Retail Buildings in Glen Ellyn, IL: 3900 SF consisting of two attractive retail buildings along main retail artery in affluent (AHI $118K/yr) Chicago suburbs. Across from Pickwich Place Center with Trader Joe’s and ALDI. 100% NN leased to Dunkin’ Donuts and Short Term Loans. NOI $113K/yr. $1.685M. 6.75% cap.
  • Advance Auto Parts in Yorkville, NY: 7298 SF single tenant retail building constructed in 2003 on over 1 ac corner lot in a growing area. Recently extended NNN- lease with 9-yrs left. NOI $119K/yr. $1.762M. 6.75% cap.
  • MOB’s in Dublin, OH: 27,865 SF Class-A consisting of three medical office buildings in a growing and high income Columbus suburbs with an AHI of $86K/yr in 1 mile. Across from Mall at Tuttle Crossing and with easy access to I-270.  84% leased. Actual NOI $326K/yr. $4.27M. 7.65% cap.
  • La Petite Academy in Albuquerque, NM: 8490 SF day care facility built in 1990 on 1 ac lot in a high income area with an AHI of $84K/yr. 100% absolute NNN corp lease with 6-yrs left. NOI $161K/yr with annual rent increases. $1.931M. 8.35% cap.
  • 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.

01-27: MOB, Walgreens, Apartments, Burger King, Family Dollar, Dollar General

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  • MOB in Maryville, IL: 31,567 SF medical office building completed in 2009 on 3 ac lot anchored by DaVita Dialysis in St Louis metro. Close to 151-bed Anderson Hospital. 91% NNN leased with a strong tenant mix. NOI $453K/yr. $6.35M. 7.15% actual cap. Upside potential.
  • Strip Center in Ventura, CA: 7681 SF well maintained strip center shadow-anchored by CVS Pharmacy in high income Southern California. Adjacent to Ventura City College, home to 15,000 students. 100% NNN leased. NOI $154K/yr. $2.125M. 7.25% cap.
  • Walgreens in Chesterfield, MI: 13,686 SF Walgreens Pharmacy built in 1998 on 2.66 ac lot at a major signalized intersection in growing and upper middle class Detroit suburbs. Across from Meijer Supermarket. 100% NNN corp lease with 4-yrs left. NOI $335K/yr. $4.79M. 7% cap.
  • Strip Center in Hilliard, OH: 3832 SF eye-catching strip center completed in 2006 in high income Columbus metro with an AHI of $84K/yr in 3 miles. 100% NNN leased to Cuzzin’s Yogurt, Mod Salon, Fast Signs, & Columbus’ #1 Jet’s Pizza. NOI $119K/yr. $1.442M. 8.25% cap.
  • Apartments in Rancho Cordova, CA: 18-units well maintained apartment complex in growing Sacramento suburbs. Fully renovated interiors include: granite countertops, new appliances and dual pane windows. Close to Hwy-50. 100% occupied. NOI $102K/yr. $1.35M. 7.62% cap.
  • Burger King in De Pere, WI: 2820 SF drive-thru fast food restaurant built in 1994 on over 2 ac lot on an off/on ramp to Hwy-172.  This is a sale/leaseback investment. 100% absolute NNN      lease till 2037. NOI $70K/yr with 1% annual rent increases. Billboard lease at $4500/yr till 2037. $1.027M. 7.25% cap.
  • Family Dollar in McKinney, TX: 8000 SF all-brick constructed retail building completed in 2003 on nearly 1 ac lot at a hard corner location in middle-class Dallas suburbs. Tenant pays low rent. 100% NNN lease with 3-yrs left. NOI $76K/yr. $1.129M. 6.75% cap.
  • Shopping Center in Waukegan, IL: 65,499 SF well maintained shopping center in Chicago suburbs. Good tenant mix include: Dollar General, Talecris Plasma Resources, Rent A Center, Metro PCS, Dotty’s Cafe, and Tacos El Norte among others. Shadow anchored by Lewis Produce Market. 92% NNN leased. NOI $696K/yr. $8.7M. 8% cap.
  • Dollar General in Hackettstown, NJ: 8952 SF recently renovated retail building in high income New York metro. 10-yrs NNN lease with 9-yrs left. NOI $117K/yr. $1.8M. 6.50% cap.
  • Retail Building in Royal Palm Beach, FL: 6370 SF attractive retail building constructed in 1997 on 1.25 ac corner lot in a growing an upper middle class. 100% leased to two tenants. NOI $109K/yr. $1.495M. 7.35% cap.

01-26: Starbucks Coffee, MOBs, Jiffy Lube, Retail Centers

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  • Starbucks Coffee in Benbrook, TX: 1825 SF highly rated on Yelp drive-thru Starbucks Coffee built in 2005 in growing and upper middle class Fort Worth suburbs. On an on/off ramp of I-20/820. 15-yrs absolute NNN corp lease with 5-yrs left. NOI $83K/yr. $1.39M. 6.01% cap.
  • MOB in Orlando, FL: 23,763 SF Class-A multi-tenant medical office building on over 1 ac lot. Close to Orlando Regional Medical Center and I-4. 100% NNN leased. NOI $396K/yr. $5.495M. 7.22% cap.
  • MOB in Scottsdale, AZ: 69,375 SF Class-A medical office building completed in 2003 on 5.69 ac lot in booming (151% pop growth since 2000) and affluent Phoenix metro with an AHI of $127K/yr in 1 mile. With easy access to Hwy-101. 85% leased to multiple tenants. 8% cap. Price N/A.
  • Retail Center in Spring, TX: 26,770 SF attractive retail center built in 2005 on 2.24 ac lot along main artery in high income (AHI %98K/yr) Houston suburbs. 95% NNN leased. NOI $441K/yr. $5.25M. 8.40% cap.
  • Jiffy Lube in Phoenix, AZ: 2300 SF auto service center on .69 ac lot along major retail corridor and in a high income neighborhood.  Across from Basha’s Grocery anchored center. Close to I-10. 100% absolute NNN lease with over 10-yrs left to a strong operator with 50-units.  NOI $105K/yr. $1.375M. 7.68% cap.
  • Strip Center in Gardena, CA: 5502 SF consisting to two retail buildings at a signalized intersection in densely populated Los Angeles area. NNN leases. NOI $113K/yr. $1.89M. 6% cap.
  • MOB in Richland, WA: 7912 SF well maintained multitenant medical office building on .70 ac lot adjacent to 249-bed Kadlec Regiional Medical Center. Pro forma NOI $93K/yr. $1.25M. 7.45% pro forma cap.
  • Mix-Used in Newhall, CA: 23,300 SF well kept retail/office building in growing and high income (AHI $94K/yr in 3 miles) Los Angeles suburbs. NOI $279K/yr. $4.05M. 6.90% cap.
  • MOB in Saint Clair Shores, MI: 11,112 SF single-tenant medical office building renovated in 2014 on over 1 ac lot in Detroit suburbs. 100% NNN lease with 5-yrs left to William Beaumont Hospital. NOI $192K/yr. $2.9M. 6.50% cap.
  • MOB in Orlando, FL: 6400 SF Class-A multitenant medical office building on nearly 1 ac lot anchored by Quest Diagnostics. Across from Publix Supermarket center. 100% leased. NOI $222K/yr. $2.965M. 7.50% cap.

01-23: CVS Pharmacy; MOB; Office Building; Shopping Center

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  • Retail Buildings in Forney, TX: 31,160 SF consisting of two attractive retail buildings constructed in 2006/2008 on 3.53 ac lot in fast growing & high income Dallas/Fort Worth suburbs. 89% NNN leased. Current NOI $389K/yr. $4.45M. 8.76% actual cap. Upside potential.
  • CVS in Alpharetta, GA: 10,722 SF well kept drug store built in 1998 on 1.82 ac lot at a hard corner location in affluent Atlanta suburbs with an AHI of $112K/yr in 3 mile radius. 100% NNN lease with over 3-yrs left. NOI $251K/yr. $3.415M. 7.35% cap.
  • MOB in Denton, TX: 12,202 SF Class- A single tenant medical office building constructed in 1995 on 1 ac lot. Across from Golden Triangle Mall, close to Denton Regional Medical Center and I-35E. Recently extended NNN lease with 5-yrs left to Valor Healthcare, a government contractor for the U.S. Dept of Veterans Affairs. NOI $173K/yr with a rent bump in 2017. $2.338M. 7.50% cap.
  • Shopping Center in Sayreville, NJ: 25,883 SF shopping center on 3.75 ac corner lot in high income New York metro. 89% leased. NOI $374K/yr. $5.2M. 7.20% cap.
  • Office Building in Ballwin, MO: 23,580 SF office building renovated in 1994 on 3.64 ac lot along major artery in St Louis suburbs. Close to Des Peres Hospital and I-270. NOI $260K/yr. $3.25M. 8% cap.