02-28: Rite Aid, Shopping Centers, Family Dollar, Childtime, Buffalo Wild Wings for sale

1. Rite Aid in Douglasville, GA: 11,275 SF drug store in growing middle class Atlanta metro.  New 20 yrs NNN lease w/ no landlord responsibilities.  NOI $255K/yr. with 10% rent bump every 10 yrs.  $2.95M.  8.65% cap.  Store with strong sales of over $10+M/yr.  Low rent to income ratio of 2.5% (highly profitable location). 
2. Lender-owned Shopping Center in Gilbert, AZ: 49,415 SF class-A multi-tenant shopping center built in 2009 on 7.52 acres corner lot in high growth (73% since 2000), high income (AHI $97K/yr) Phoenix suburbs.  16% occupied.  Well below replacement cost: $5.925M. 
3. Family Dollar in Lithia Springs, GA: 8000 SF all brick single-tenant retail center under construction next to Rite Aid in growing middle class Atlanta suburbs.  New 10 yrs NNN- corp lease.  NOI $132K/yr. $1.6M. 8.25% cap. 
4. Office Building in Warner Robins, GA: 38,969 SF office building close to Robins Air Force Base in a  growing city.  100% leased.  NOI $454K/yr. $4.39M. 10.34% cap. 
5. Childtime Learning Center in Naperville, IL: 7893 SF childcare center in fast growing and affluent Chicago suburbs (AHI $120K/yr).  100% NNN corp lease with 4 yrs remaining to a national childcare provider.  NOI $149K/yr.  $1.5M. 10% cap. 
6. Shopping Center in Fresno, CA: 103,411 SF multi-tenant shopping center anchored by Burlington Coat Factory and adjacent to Target Supercenter and Smart & Final.  Easy access to hwy 41. 98% leased with 1 small vacant unit.  NOI $890K/yr. $11.125M. 8% cap. 
7. Shopping Center in Fayetteville, NC: 66,890 SF shopping center on 12 acres lot on a major artery.  Anchored by Food Lion Grocery, CVS and Family Dollar.  100% leased.  NOI $562K/yr. $6.25M. 9% cap. 
8. Buffalo Wild Wings in Weslaco, TX: 7286 SF restaurant on an outparcel to a shopping center anchored by Ross and Beall’s in a  growing McAllen metro.  New 15 yrs corp NNN lease.  NOI $247K/yr with 10% rent bump every 5 yrs.  $2.913M. 8.5% cap. 
9. Ocean view Apartments in Lynn, MA: 51-unit 4-building apartments with ocean views  North of Boston.  100% occupied. NOI $309K/yr. $3.095M. 10% cap.

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