04-15: Forever 21, Walgreen's, Office Buildings, Strip Centers, Fresenius, Office Max

AHI: Avg. Household Income.  National average is about $50+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. Shopping Center in Norco, CA: 32,296 SF shopping center built in 2002 on 3.41 ac lot anchored by CVS Drug Store off of Fwy 15/19. 89% leased. NOI $323K/yr. $4.250M. 7.61% Cap. Upside potential when fully leased.

2. Shopping Center in Henderson, NV: 34,707 SF retail center on 2 ac lot at high traffic location in fast growing area. 60% leased. NOI $349K/yr. $3.650M. 9.6% Actual Cap. Huge Upside.

3. Walgreen’s in Colorado Springs, CO: 15,120 SF single tenant retail building constructed in 2000 at a signalized corner location in densely populated area. Above average sales. 100% NNN corp lease with 9 yrs remaining. NOI $423K/yr. $5.465M. 7.75% Cap.

4. Walgreen’s in San Bernardino, CA: 14,820 SF retail building constructed in 2001 in fast growing Los Angeles suburbs. 100% NNN corp lease. NOI $409K/yr. $5.655M. 7.25% Cap.

5. Office Building in Keller, TX: 13,191 SF Class-A multi-tenant office buildings consisting of three buildings in affluent Dallas suburbs. 100% NNN leased to 12 tenants. NOI $202K/yr. $2.251M. 9% Cap.

6. Strip Center in Glen Cove, NY: 7200 SF well-maintained strip center on .53 ac lot with excellent exposure in a prime North Shore Location in New York metro. NOI $134K/yr. $1.790M. 7.5% Cap.

7. Office Max in Wichita, KS: 18,260 SF retail building at main retail corridor. 100% absolute NNN corp leased till 2018. NOI $234K/yr. $2.796M. 8.75% Cap. 

8. Strip Center in Madison, WI: 9254 SF newly constructed retail center on 1.34 ac lot in wealthy (AHI $84K/yr within 1 mile radius) neighborhood. 100% NNN leased to Panera Bread, CitiFinancial and Piano Gallery. NOI $238K/yr. $2.850M. 8.37% Cap.

9. Fresenius Medical Center in Birmingham, AL: 7955 SF recently renovated medial building at a signalized intersection along Hwy-78. 100% NNN corp leased. NOI $115K/yr. $1.4M. 8.24% Cap. Great for 1^st time investors.

10. Forever 21 @ Antelope Valley Mall in Palmdale, CA: 76,556 SF single tenant retail building on 5.74 ac lot across from 1 million SF Antelope Valley Mall with excellent freeway access/visibility. New 10-yr NNN lease with annual rent increases. Forever 21 is one of the fastest growing retailers in the industry. NOI $702K/yr. $9.370M. 7.5% Cap.    

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