06-19: MOB's, Burge King, Ohio Health, Shopping Centers

1. MOB in Columbus, OH: 15,209 SF Class-B medical office building constructed in 2003 close to Mt Carmel East Hospital, Lucent Technologies campus and I-270. Fast growing and high income area. 100% NNN leased to Labcorp, NovaCare, SIM Associates, and Sampson Dentistry. NOI $222K/yr. $2.782M. 8% cap.
2. Office Building in Miami, FL: 26,575 SF well-maintained 2-story office building constructed in 1990 on 1.19 ac lot along busy thoroughfare. Over 500K residents within 5 miles.  81% leased to professional and medical tenants. NOI $261K/yr. $3.5M. 7.47% cap. Upside potential.
3. Retail Center in Baxley, OH: 21,380 SF retail center in affluent neighborhood with AHI of $99+K/yr. in Columbus suburbs.  Tenants include: Barrel 44, Cosi, Edward D. Jones, Curves, Spoon Me, Dance Theatre and Pilates Studio. Across from Capital University. 88%NNN leased. NOI $185K/yr. $2.25M. 8.25% cap.
4. Neighborhood Center in Pineville, NC: 83,528 SF shopping center on 9.34 acres lot.  Anchored by Food Lion Supermarket in Charlotte suburbs. Near Carolinas Medical Ctr-Pineville, Belk Carolina Place Mall and I-485. 86% NNN leased. NOI $599K/yr. $7.27M. 8.25% cap.
5. Shopping Center in Rock Hill, SC: 132,547 SF shopping center on 14.19 ac corner lot in growing Charlotte suburbs. Anchored by Anna’s Linens, Big Lots and Office Depot. 90% NNN leased. NOI $787K/yr. $8.425M. 9.35% cap.
6. Shopping Center in Lakewood, CO: 53,324 SF well-maintained shopping center on 4.31 ac lot close to Hwy-285 in Denver metro. 99% NNN leased to 17 stable tenants. NOI $674K/yr. $7.497M. 9% cap.
7. MOB in Reynoldsburg, OH: 9956 SF medical building constructed in 2007 at highly visible location close to I-70. High barrier to entry in high income Columbus metro. 10 yrs NNN lease to Ohio Health Corp. NOI $174K/yr. $2.489M. 7% cap.
8. Shopping Center in Hilliard, OH: 19,200 SF well-kept shopping center at a signalized intersection in Columbus metro. Good demographics: AHI $80K/yr. within 1 mile. Adjacent to Kroger, Big Lots and Discount Drug Mart. 94% NNN leased. NOI $216K/yr. $2.475M. 8.75% cap.
9. MOB in Tacoma, WA: 19,234 SF Class-B 2-story medical office building on 1.47 ac lot close to Allenmore Hospital. Easy access to Hwy-16/I-5. 100% leased to long term tenants. NOI $287K/yr. $4.1M. 7.02% cap.
10. Burger King in Buffalo, NY: 3537 SF Burger King on 1+ ac lot at a busy road close to I-90. 100% NNN lease with 12 yrs left to Carrol’s Corp, the largest Burger King franchisee. NOI $93K/yr. $1.1M. 8.5% cap.

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