04-22: Walgreen's, China Star, Shopping Centers, Medical Buildings for sale

1.     Walgreen’s in Indianapolis, IN: 15,120 SF drugstore constructed in 2002 across from Home Depot anchored shopping center near I-465. 100% NNN leased with 9 yrs remaining. NOI $305K/yr. $4.066M. 7.5% Cap.

2.     Shopping Center in Chicago, IL: 36,172 SF well-maintained mature shopping center at a signalized intersection in densely populated area with 500K residents in 3 miles ring.  Good tenant mix: Spring, Little Caesar’s, Rent-A-Center and City of Chicago. NNN leased. NOI $430K/yr. $3.9M. 11% Cap.

3.     Retail Center in South Gate, CA: 8710 SF retail center on .43 ac corner lot  in densely populated Los Angeles area. 100% leased. NOI $120K/yr. $1.5M. 8.03% Cap.

4.     Shopping Center in Louisville, KY: 26,441 SF high quality built shopping center at a corner location along main corridor in well-off (AHI $83K/yr. within 3-mi) neighborhood. 91% NNN leased. NOI $389K/yr. $4.750M. 8.2% Cap. Buyer to assume $3,100,365M at 6.49% fixed rate due in 2017.

5.     China Star Restaurant in Las Vegas, NV: 6300 SF restaurant shadow-anchored by Home Depot shopping center in fast growing (79%) area. Tenant has been here for 10 yrs.  Long term NNN lease. NOI $151K/yr. $1.7M. 8.89% Cap.

6.     Shopping Center in Moreno Valley, CA: 32,224 SF upscale shopping center built in 2006 on 6.50 ac lot at the entrance to Moreno Valley Mall. 97% leased to strong credit tenants: Panera Bread, Qdoba Mexican Grill, Starbucks, Mimi's Cafe, Applebee’s, T-Mobile and Jamba Juice. NOI $902K/yr. $11.960M. 7.55% Cap.

7.     Medical/Office Building in Mission Viejo, CA: 8195 SF 2-story multi-tenant medical/office building constructed in 1990 near Mission Hospital. NOI not avail.  $2.461M.

8.     Retail Building in Bountiful, UT: 7219 SF retail center built in 1976 close to Kmart along busy retail road in North Salt Lake City. 100% NNN leased. NOI $86K/yr. $986K. 8.75% Cap.

9.     Strip Center in Pinellas Park, FL: 7749 SF well-maintained strip center just one block from St. Petersburg Col-Health Edu Ctr.  100% leased to long term tenants. NOI $78K/yr. $875K. 8.95% Cap.

10.  Strip Center in Oak Creek, WI: 8840 SF recently constructed retail center along main road with national credit tenants. 100% NNN leased. NOI $209K/yr. $2.5M. 8% Cap.

© Transmercial 2011.