11-07: Walgreens, LA Fitness, Rite Aid, MOB's, New China Super Buffet

1. Walgreens in Indianapolis, IN: 15,120 SF drive-thru drug store built in 2000 on 1.20 ac lot across from Home Depot and near off/on ramp I-465. Close to Rehabilitation Physicians of Indian Hospital.100% NNN- corp lease with 8 yrs left. NOI $305K/yr. $3.695M. 8.25% cap.
2. Shopping Center in Katy, TX: 19,950 SF attractive shopping center on 1.62 ac corner lot in fast growing and high income Houston metro. 100% leased. NOI $327K/yr. $3.5M. 9.36% cap.
3. LA Fitness in Riverside, CA: 49,661 SF currently expanding fitness center built in 2011 on 5+ ac lot next to Hwy-91. New 15 yr NNN lease. NOI $1.178M/yr. $15.5M. 7.60% cap.
4. Retail Building in Saint Charles, IL: 4,083 SF nice-looking retail building on 1+ ac lot in prosperous (AHI $148K/yr within 1 mile) West of Chicago. Near Chalestowne Mall. 100% NNN leased to T-Mobile and Qdoba Mexican Grill. NOI $169K/yr. $2.165M. 7.85% cap.
5. Shopping Center in Vestal, NY: 24,752 SF upscale constructed shopping center along main corridor. Tenants include: Chico’s, Joe A Bank, Coldwater, Creek and Ann Taylor Loft. 100% leased. NOI $284K/yr. $3.05M. 9.34% cap.
6. Walgreens in Southlake, TX: 15,120 SF upscale construction Walgreens built in 2000 on 2.60 acres of land and in affluent (AHI $201K/yr) Dallas metro. 20 yrs NNN- corp lease with 8 yrs left. NOI $374K/yr. $5.342M. 7% cap.
7. Rite Aid in Tucker, GA: 9504 SF stable drugstore on 1 ac lot along Lawrenceville Hwy (23,790 VPD) in middle class Northeast of Atlanta suburbs. Close to Walmart Supercenter, Kroger, Publix, Sears, Staples and DaVita Dialysis Center. 20 yrs absolute NNN lease with 3½ yrs left. NOI $190K/yr. $1.658M. 11.50% cap. Store with $5.5M in sales revenue.
8. New China Super Buffet in Phoenix AZ: 8473 SF buffet restaurant on 1.29 ac lot along main retail corridor in high income area. 100% NN lease with 6 yrs left. NOI $112K/yr. $1.175M. 9.60% cap.
9. MOB in San Antonio, TX: 6500 SF Class B medical office building constructed in 2010 close to Northeast Methodist Hospital and next to I-35. New 10 yrs NNN lease to ENT Clinics of San Antonio. NOI $143K/yr. $143K/yr with 3% annual rent increases. $1.858M. 7.75% cap.
10. MOB in West Melbourne, FL: 6385 SF two-story well maintained medical office building on .65 ac lot at major corridor and close to Melbourne Square Mall. 100% NNN- lease to Omni Healthcare with 3 locations in Melbourne. NOI $154K/yr. $1.9M. 8.13% cap.

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