07-05: Applebee's, Shopping Centers, MOB's, Retail Centers

1. MOB in Brooksville, FL: 6070 SF beautiful class-A medical building constructed in 2004 on .59 ac lot in fast growing Tampa metro. Close to Oak Hill Hospital. 10 yrs NNN- lease by Brooksville Cardiology that has been in the business for 15 yrs with 2 locations. This is a sale lease back investment so lease terms are negotiable. NOI $109K/yr with generous 3% annual rent increases. $1.3M. 8.41% cap. 
2. Applebee’s in Saint Augustine, FL: 5766 SF sit-down family restaurant built in 1993 on 1.40 ac lot at a major retail corridor and close to Flagler Hospital. New 20 yrs NNN lease to an experienced franchisee. NOI $220K/yr with 6% rent increases every 5 yrs. $3.034M. 7.25% cap. 
3. Retail Center in Ocean, NJ: 13,500 SF retail center along Hwy-35 in wealthy (AHI $112K/yr) New York metro. Tenants include: Michaels’s Shoes, Thriller Diamonds, U.S. Video and $2.50 Dry Cleaners. NOI $116K/yr. $1.45M. 8% cap. 
4. Retail Center in Lawrenceville, GA: 14,800 SF retail center on a busy highway in high income Atlanta suburbs. Across from Publix shopping center. 100% leased. NOI $279K/yr. $2.65M. 10.54% cap. 
5. Retail Center in Garland, TX: 17,400 SF retail center built in 2009 anchored by a 5,824 SF Buffalo Wild Wings restaurant. All units facing busy throughway. Nearby tenants: Wal-Mart Supercenter, Super Target, Michael’s, Petsmart, Sam’s Club and more. In growing and well-off (AHI $104K/yr) Dallas suburbs. 100% NNN leased.  NOI $306K/yr. $3.92M. 7.82% cap. 
6. Shopping Center in Plainfield, IN: 15,589 SF shopping center shadow anchored by Marsh Supermarket and next to Blvd-26 in Indianapolis suburbs.  Close to Metropolis Mall. 76% NNN leased. NOI $119K/yr. $1.22M. 9.77% cap. 
7. MOB in Indianapolis, IN: 4875 SF recently renovated medical building in middle-class (AHI $62K/yr in 3 miles) neighborhood and near I-46/74. 10 yrs absolute NNN lease to Franciscan Alliance, a chain with 14 hospitals in IN and IL with AA rating from Fitch. NOI $68K/yr. $974K. 7% cap. 
8. MOB in Setauket, NY: 21,254 SF completely remodeled Class-A medical building on 2+ ac lot in affluent (AHI $150K/yr within 1 mile) New York metro. Close to three major hospitals. 88% leased with only 2,500 SF avail. NOI $457K/yr. $5.2M. 8.80% cap.
9. Retail Center in Phoenix, AZ: 13,797 SF well maintained retail center built in 2005 at main retail corridor close to Target. 85% leased. NOI $176K. $2.2M. 8% cap.

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