06-06: Dreyer Medical Clinic, Fresenius Medical Building, Total Wine & More, Shopping Centers

1.     Dreyer Medical Clinic in Aurora, IL: 38,873 SF high quality two-story medical clinic built in 1994. Tenant is a subsidiary of Advocate Heath Care. Currently in their 2^nd 10-yr term which stated in Aug 2004. 81% NNN leased. NOI $481K/yr with 3% annual rent increases. $5.25M. 9.17% Cap. Upside Potential.

2.     Fresenius Medical Building in Peoria, IL: 8652 SF Dialysis Center on 1.72 ac lot close to Proctor Hospital near Hwy-6/17 and I-74. Absolute NNN lease till 2015. NOI $235K/yr with 3% annual rent increases. $2.775M. 8.48% Cap.

3.     Total Wine & More in Alpharetta, GA: 20,450 SF retail building constructed in 2009 on 2.19 ac lot adjacent to North Point Mall near Hwy-19 in growing & affluent Atlanta metro. NNN lease till 2019. NOI $552K/yr with 10% rent increases every 5-yrs. $7.125M. 7.75% Cap. Store with strong sales of over $1,000/SF.

4.     Retail Building in Sacramento, CA: 11,014 SF retail building anchored by 7-Eleven at a hard corner location along busy boulevard near Hwy-80. 90% leased. NOI $208K/yr. $2.957M. 7.07% Cap.

5.     Retail Center in Palm Coast, FL: 7500 SF retail center on 1.05 ac lot at busy corner location with excellent ingress/egress. 100% leased. NOI $83K/yr. $1,47M. 8% Cap.

6.     Shopping Center in Lathrop, CA: 16,404 SF recently constructed shopping center next to Save Mart center with excellent visibility/next to I-5. 91% NNN leased. NOI $294K/yr. $3.8M. 7.8% Cap.

7.     Jack in the Box in Oakhurst, CA: 2692 SF newly constructed fast-food restaurant at dominant retail location. Gateway to Yosemite National Park (over 3.7M visitors a year. Percentage rent over 9.5% of gross sales. Long NNN lease. NOI $90K/yr with fixed increases every 5-yrs. $1.327M. 6.85% Cap.

8.     Shopping Center in Richmond, VA: 72,250 SF shopping center built in 1994 on over 5 ac lot near Chippenham Hospital. 93% leased. NOI $393K/yr. $5.25M. 7.5% Cap.

9.     Strip Center in North Richland Hills, TX: 13,510 SF strip center on 1.13 ac lot remodeled in 2006 near Loop-820 in Dallas-Fort Worth suburbs. 100% leased to long term tenants. NOI $166K/yr. $1.845M. 9% Cap.

10.  Shopping Center in Overland Park, KS: 59,000 SF one-year old beautiful shopping center on 7 ac lot. Shadow-anchored by Costco just south of Kansas City. 98% NNN leased. NOI $1.125M. $15M. 7.50% Cap.     

© Transmercial 2011.