1. Strip Center in New Bern, NC: 16,000 SF recently renovated strip center in fast growing South of Raleigh close to Hwy-70/17. 100% NNN leased by Mount Olive College and health care providers. NOI $289K/yr. $2.950M. 9.8% Cap.
2. Retail center in Glendale, AZ: 21,440 SF single-tenant retail center on 1.82 acres lot at highly trafficked intersection in Phoenix metro. 100% NNN corp lease to Savers (www.savers.com), a thrift store chain with over 120 locations (S&P B+ rating) till 2017. NOI $217K/yr. with annual rent bump. $2.635M. 8.25% Cap.
3. Burger King in Valdosta, GA: 2859 SF fast food restaurant constructed in 1997 at main retail corridor near Hwy-401 across from 560,000 SF Valdosta Mall. 20 yrs NNN- corp lease with 8 yrs remaining. NOI $88K/yr. with 15% rent bump each option. $1.1M. 8% Cap.
4. Shopping Center in Bolingbrook, IL: 17,960 SF attractive shopping center built in 2003 on 3 acres lot just off I-355 exit in high income Chicago metro. Shadow-anchored by Meijer’s Supermarket, Macy’s and IKEA with excellent visibility. 100% leased. $5.4M. 8.81% Cap.
5. Tuffy Auto in Naples, FL: 5100 SF 2-yrs old Tuffy Auto on .89 acre autparcel to Sweetbay Supermarket anchored center. Long absolute NNN corp lease with 18-years remaining. NOI $166K/yr. with 2% annual rent bump. $2.226M. 7.5% Cap.
6. Bank Owned Retail Building in Richland, WA: 31,980 SF consisting of two-retail center anchored by ACE Hardware in fast growing (68.52%) affluent (AHI $100K/yr) neighborhood. 85% NNN leased. NOI $300K/yr. $3.5M. 8.5% cap. Upside potential when fully leased.
7. Apartments in Tucson, AZ: 33-units well-maintained multifamily apartment complex on 2.16 acres of land in fast growing area. 94% leased. NOI $91K/yr. $1.090M. 8.43% Cap.
8. Shopping Center in Temecula, CA: 20,500 SF shopping center just blocks from Fwy-15. 100% leased by six tenants. NOI $254K/yr. $3.3M. 7.7% Cap.
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