05-04: Active Ride Shop, Wendy's Restaurant, Food Lion Center for sale

1.     Strip Center in Pharr, TX: 16,300 SF under construction strip center on 1.49 ac lot close to I-281 in fast growing McAllen suburbs. 85% NNN leased. NOI $306K/yr. $3.4M. 9% Cap. Upside Potential.

2.     Retail Center in Temecula, CA: 7600 SF upscale multi-tenant retail center built in 2000 & adjacent to The Promenade Temecula Mall. 100% NNN leased. NOI $210K/yr. $2.810M. 7.5% Cap.

3.     Active Ride Shop in San Dimas, CA: 6110 SF retail building constructed in 2001 shadow-anchored by Cost Plus. High income ($85K/yr) Los Angeles area along main retail corridor next to Fwy-57. 100% NNN corp lease. NOI $194K/yr. $2.688M. 7.25% Cap.

4.     Strip Center in Parker, CO: 10,010 SF recently constructed strip center on 1.75 ac lot in high growth (65% since 2000), high income ($100+K/yr) Denver suburbs. 88% NNN leased with 1 vacant unit.  NOI $160K/yr. $1.950M. 8.2% cap.

5.     Shopping Center in Oswego, IL: 18,651 SF 4-yrs old shopping center on 2.33 ac lot in Chicago suburbs. Shadow-anchored by Power Center across from Dominick’s Grocery Store and Target. 100% NNN leased. NOI $429K/yr. $4.550M. 9.45% Cap.

6.     Shopping Center in Romeoville, IL: 29,664 SF L-shaped recently constructed shopping center in close proximity to I-55 in Chicago suburbs.  95% NNN leased by national/regional tenants. NOI $532K/yr. $5.825M. 9.14% Cap.

7.     Medical Office in Pomona, CA: 6748 SF single-tenant state-of-the-art ambulatory surgical center on .53 ac lot. Near Pomona Valley Hospital in densely populated Los Angeles metro. 100% NNN leased with 7 yrs remaining. NOI $204K/yr. $2.550M. 8% Cap.

8.     Wendy’s Restaurant in Stockbridge, GA: 3000 SF restaurant on 1.11 ac lot across from Henry Medical Center and next to I-75 exit in fast growing Atlanta suburbs. 20 yrs absolute NNN lease to an operator with 21 locations. Store with strong $1.525M in sales. NOI $129K/yr. plus 3% of sales amount above $1.525M. $1.788M. 7.25% Cap. 

9.     Office Building in Staten Island, NY: 16,875 SF 3-story multi-tenant office building built in 1990 close to I-275/440 in high income area. 100% leased. NOI $77K/yr. $3M. 8% Cap.  Appraised $3.4M in 2010.

10.  Shopping Center in Charlotte, NC: 33,000 SF well-maintained Food Lion supermarket  as the anchored tenant in a shopping center at a corner lot in growing Charlotte. 100% absolute NNN lease with 3 yrs remaining in 5 yrs option.  NOI $98K/yr.  $1.195M. 8.2% cap.

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