06-20: CVS, Citizens Bank, Family Dollar, MOB, Retail Centers

1. MOB in Baytown, TX: 22,500 SF new medical building in fast growing Houston suburbs. Near San Jacinto Methodist Hospital. 100% NNN leased to all medical tenants. NOI $488K/yr. $5.555M. 8.79% cap.
2. Strip Center in Mesa, AZ: 9034 SF strip center built in 2001 on 1.33 ac outparcel to Fry’s Food & Drug. Just minutes from Mountain Vista Medical Center and Hwy-202. 100% NNN leased to five tenants. NOI $146K/yr. $1.65M. 8.88% cap.
3. CVS Pharmacy in Pleasant Grove, AL: 10,125 SF drug store built in 2000 on .70 ac corner lot in growing Birmingham suburbs. 20 yrs NNN- lease with 8 yrs left. Store with strong sales revenue of $7.9M. NOI $256K/yr. with rare 5% rent increase in 2015 & during option periods.  $3.31M. 7.75% cap.
4. Retail Center in Springfield, IL: 15,680 SF retail center built in 2009 on 2.41 ac outparcel to Menards in growing and high income area. 100% NN leased to Aspen Dental, Verizon Wireless, GNC, Anytime Fitness, The Basil Restaurant and Nail Salon. NOI $316K/yr. $3.95M. 8% cap.
5. Retail Building in Arlington, TX: 6030 SF retail building constructed in 2007 on 1.22 ac lot in Dallas/Fort Worth metro. Across from Tarrant County College Southeast Campus with 12,500+ students. 100% NNN leased to 2  tenants. NOI $104K/yr. $1.268M. 8.25% cap.
6. Shopping Center in Fort Worth, TX: 19,800 SF shopping center built in 2006 on 2+ ac lot anchored by Big Daddy’s Liquor, a regional multi-location tenant. 85% leased to local and regional tenants. NOI $272K/yr. $3.025M. 9% cap.
7. Retail Center in Hoover, AL: 13,310 SF newly constructed retail center on nearly 2 ac lot along Hwy-31 in high income Birmingham suburbs. Across from Big Lots and Hobby Lobby.  100% NNN leased. to: Five Guys Burgers & Fries, Genghis Grill, Jimmy John's Gourmet Subs, and Southern Wireless. NOI $378K/yr. $4.5M. 8.40% cap. .
8. Citizens Bank in Philadelphia, PA: 2734 SF Citizens Bank on .11 ac lot conveniently located between two streets close to I-95. 100% NNN lease with 6 yrs left. NOI $83K/yr. with 2.5% annual rent increases. $1.108M. 7.50% cap.
9. Family Dollar in Tampa, FL: 10,000 SF Family Dollar in densely populated area close to I-275. Across from Tampa Greyhound Track: one of the largest dog tracks in the country. 100% NNN corp lease with 9+ yrs left. Tenant has been at this location since 2003. NOI $88K/yr. $1.074M. 8.25% cap.

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