1. CVS in Roanoke, VA: 10,125 SF drug store on 1.19 acres corner lot. 100% NNN- till 2018. Store with strong sales of $6.789M, i.e. highly profitable and highly likely to renew lease. NOI $231K/yr ($250K in 2013). $2.81M. 8.25% cap.
2. Jiffy Lube in Florissant, MO: 2800 SF Jiffy Lube on .56 acre corner lot in St Louis suburbs. $140,000 renovation in 2009. 100% NNN lease. NOI 74K/yr with 1.25% annual rent bump. $873K. 8.5% cap.
3. Office Depot in Madison, MS: 20,000 single-tenant retail center on 4.13 acres pad in front of Lowe’s and across from Wal-mart supercenter in affluent & growing Jackson suburbs. Right off of I-55 exit. 100% NNN leased till 2020. NOI $207K/yr.$2.3M. 10% cap.
4. Walgreens in Saint Johns, FL: 14,560 SF drug store developed in 2004 at an intersection in affluent Jacksonville suburbs. 100% NNN lease. NOI $382K/yr. $5.55M. 6.9% cap.
5. Single-tenant Office Building in Carrollton, TX: 68,699 SF 2-story class-B office building on 6.87 acres lot in high income Dallas suburbs. 8 yrs lease to Certified Payment Processing, a leading payment processing company with over $3B in transactions. NOI $551K/yr. generous $68K rent bump every 2 yrs (over 10%!). $6.3M. 8.75% cap.
6. Rite Aid in Raleigh, NC: 11,529 SF drug store on 2.73 acres corner lot in high growth, high income area. New 15 yrs NNN lease. NOI $261K/yr. $2.905M. 9% cap.
7. Davita Dialysis in Kenner, LA: 6000 SF dialysis center built in 2002 on 1 acre lot in the high income area North of New Orleans International Airport. 100% NNN lease with 5 yrs remaining. NOI $119K/yr with 3% annual rent bump. $1.35M. 8.87% cap.
8. Shopping Center in Houston, TX: 44,738 SF shopping center on 5.72 acres lot just off of I-45 and across from 1.5M SF Greenspoint Mall. 92% leased to 15 tenants with 2 small vacant units. NOI $535K/yr. $6.3M. 8.5% cap.
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