09-05: Bank, MOB, Advance Auto, Retail centers

1. Retail Center in Raytown, MO: brand new 5400 SF retail center on 1+ ac outparcel to Aldi along Hwy-350. Across from HyVee grocery anchored center. 100% NNN leased to 3 national tenants: Chipotle, Game Stop and Jimmy John’s. NOI $131K/yr. $1.82M. 7.25% cap.
2. Shopping Center in Lawrenceville, GA: 54,250 SF high quality construction shopping center built in 2005 on 7.78 acres of land anchored by LA Fitness in fast growing and high income Atlanta suburbs. Across from 1,200,000 SF Discover Mills Mall and close to I-85. 90% leased. NOI $800K/yr. $10.5M. 7.63% cap.
3. Strip Center in Porterville, CA: 3620 SF strip center built in 2007 on .40 ac lot at the intersection of 2 major arteries in San Joaquin Valley.  100% NNN leased to 3 credit tenants: Starbucks, QC Financial and Subway.  NOI $138K/yr. $1.895M. 7.3% cap.
4. Strip Center in Albuquerque, NM: 14,724 SF retail center along main thoroughfare in growing and affluent (AHI $147K/yr) area. Tenants include: Subway, State Farm Insurance, Dog Grooming, Triple Threat Performing Arts, MESH Hair Salon, Curves and Lifescapes Spa. 87% NNN leased. NOI $136K/yr. $1.395M. 9.74% cap.
5. Strip Center in Norwalk, CA: 9946 SF well maintained strip center on .83 ac lot near I-5 in densely populated city in Los Angeles. Area with high barrier to entry. 100% NNN leased. NOI $165K/yr. $1.99M. 8.30% cap.
6. Four Oaks Bank in Garner, NC: 6400 SF building on .84 ac lot in Raleigh metro.  The property is being used as a bank branch for Four Oaks Bank with 15 locations and its regional office. 15 yrs NNN lease with 10+ yrs left.  NOI $151K/yr with generous 2.5% annual rent bumps. $1.875M. 8% cap.
7. MOB in Vero Beach, FL: 10,000 SF attractive medical office building constructed in 2002 on nearly 2 ac lot. 100% NNN leased to 2 medical tenants: a 6500 SF surgery center and 3500 SF medical office. NOI $231K/yr. $2.887M. 8% cap.
8. Retail Center in Yukon, OK: 25,680 SF retail center in Oklahoma city metro. Tenants include: Subway, Hunan Express, Supercuts, Ultimate Vision, Daylight Donuts, VIP Cleaners, Nail Expo, T&T Tailor and Relax Massage. Across CVS Pharmacy and near I-40. NOI $207K/yr. $2.7M. 7.70% cap.
9. Advance Auto Parts in Riverview, FL: 7000 SF retail building constructed in 2004 on 2+ ac lot along US Hwy-301 in Tampa metro. Across Pubix anchored center and close to Wal-Mart. 100% NNN- corp lease with 8 yrs left. NOI $90K/yr. $1.242M. 7.25% cap.
10. Office Building in Auburn, CA: 13,296 SF Class-B office building near I-80 in middle-class Sacramento suburbs. NOI $140K/yr. $1.625M. 8% cap. 

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