10-17: Shopping Centers

1. Retail center in Gloucester, NJ: 15,740 SF established retail center on 1.93 acres lot in densely populated Philadelphia metro.  Anchored by 10,000 SF Dollar General store. 100% leased.  NOI $157K/yr. $1.92M.  8.23% cap. 
2. Office Building in Omaha, NE:  17,412 SF office building in high income Omaha metro (AHI $86K/yr in 1 mile).  100% leased.  NOI $145K/yr.  $1.675M. 8.7% cap.\
3. Shopping Center in Pomona, CA: 34,497 SF 25-unit shopping center on 2.42 acres corner lot in high income city in Los Angeles. Excellent visibility with all units facing the main road and easy access to Pomona Fwy.  100% NNN leased with low average rent of $1.69/SF/month.  NOI $696K/yr. $9.65M. 7.21% cap. 
4. Bank-owned Neighborhood Center in Murrieta, CA: 60,390 SF 21-unit high-quality upscale retail center built in 2008 on 5.59 acres lot in fast growing & high income.  Anchored by 13,930 SF Fresh & Easy Neighborhood Market with a 20 yrs NNN lease.  55% leased.  Current $442K/yr (pro forma $1.027M).  Just submit offer. 
5. Shopping Center in Lockport, IL: 41,913 SF shopping center built in 2007 high income Chicago suburbs.  Adjacent to Wal-Mart & across from Aldi Food Market.  73% leased.  Tenants include Dollar Tree, Sherwin Williams, Play It Again Sports, GameStop, Great Clips, Cici’s Pizza and U.S. Cellular.  Current NOI $489K/yr.  Unpriced but listing broker expects it to trade at 10% cap.

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