11-01: Advance Auto Parts, Shopping Centers, Retail Centers

1. Advance Auto Parts in Saint Cloud, MN: 6830 SF auto center on .77 ac corner lot along major corridor in growing & middle-class area. Close to Crossroads Center. 15 yrs NNN lease with 6 yrs left. NOI $117K/yr. $1.42M. 8.25% cap.
2. Shopping Center in Champaign, IL: 24,300 SF shopping center at major retail corridor. Shadow anchored by Lowe’s and Target. Close to Market Place mall and I-74. 86% NNN leased to national/regional tenants: Sally Beauty Supply, Dots, David’s Bridal, Game Day Spirits, Radio Shack and Cost Cutters. NOI $276K/yr. $3.2M. 8.65% cap. Upside potential.
3. Retail Center in Wichita, KS: 9263 SF retail center built in 1998 on .82 ac lot next to Dillons grocer. Across from new Wal-Mart center. NOI $92K/yr. $1.1M. 8.4% cap.
4. Retail Center in Eagan, MN: 11,405 SF six units retail center built in 2004 on 2+ ac lot at a signalized intersection in high income (AHI $93K/yr in 1 mile) St Paul suburbs. Across from CVS and near I-35E. 84% leased to 4 tenants.  NOI $137K/yr. $1.522M. 9% cap.
5. Strip Center in Ridgeland, MS: 9100 SF attractive strip center outparcel to Northpark Mall on primary retail corridor near I-55. $1.2M. NOI/Cap not provided.
6. Shopping Center in Red Oak, TX: 42,480 SF shopping center built in 2006 on 3.17 ac lot  in fast growing middle class Dallas metro. Across from Red Oaks new High School.  88% leased. NOI $438K/yr. $4.95M. 8.86% cap.

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