01-17: Big Lots, Family Dollar, Phoenix Children's Academy, Arby's, Automotive Center, Walgreens, Office Building

1. Neighborhood Center in Fairfield, OH: 94,399 SF shopping center renovated in 2010 at a signalized corner highway location in Cincinnati metro. Digital monument sign. 88% leased. NOI $289K/yr. $2.6M. 11% cap.
2. Big Lots in Flint, MI: 40,000 SF well-maintained big box retail building on 6.74 acres of land. Adjacent to Genesse Valley Center, the largest enclosed mall in North Detroit with over 1.3M SF and 130+ retailers. Near I-69. 100% NNN corp recently extended lease with 9 yrs left. NOI $201K/yr. Store with strong sales. $2.35M. 8.55% cap.
3. Retail Center in Huntington Park, CA: 17,230 SF consisting of two retail buildings on 1.23 ac outparcel to Home Depot and Staples.  In densely populated area with over 1,000,000 residents within 5 miles. 100% leased to 8 tenants. 7.06% cap. Price/NOI not disclosed.
4. Family Dollar in Canton, GA: 9180 SF Family Dollar built in 2008 in fast growing Atlanta suburbs. Across from Publix grocery anchored center and near I-575. 10 yrs NNN- corp lease with 6 yrs left. NOI $127K/yr. $1.6M. 8% cap.
5. Phoenix Children’s Academy in Greensboro, NC: 20,586 SF high quality child development center built in 2000 on 4.55 ac lot in fast growing and high income area. Surrounded by professional offices. 15 yrs NNN corp lease with 14+ yrs left. NOI $234K/yr with annual 2% rent increases starting in 2015. $2.75M. 8.54% cap.
6. Arby’s in Medina, OH: 3126 SF recently renovated Arby’s restaurant on 1 ac lot at main retail corridor and in high income (AHI $86K/yr in 3 mile) Cleveland metro. Across from Target. 15 yrs absolute NNN lease to strong operator. NOI $77K/yr with 5% rent bumps every 5 yrs. $972K. 8% cap.
7. Office Building in Dallas, TX: 51,043 SF Class B 4-story office building on 2+ ac lot with excellent visibility to I-30. Recent renovation includes: interior, exterior painting, landscaping, HVAC equipment and lighting. 83% leased with strong tenants mix. NOI $358K/yr. $2.99M. 12% cap.
8. Retail Center in Katy, TX: 10,660 SF retail center constructed in 2002 on 1.39 ac lot in fast growing and high income Houston metro. Next to Walgreen’s and near I-10. Tenants include: Cici’s Pizza, Queen’s Café, DQ Salon, Westfield Nails and Vietnamese Noodle House & Grill. 100% NNN leased. NOI $197K/yr. $2.425M. 8.14% cap.
9. Automotive Center in Antioch, CA: 19,380 SF attractive automotive center on 1½ ac lot in Northern CA.  100% leased to multiple tenants.  NOI $134K/yr. $2.45M. 9.30% cap.
10. Walgreens in Lubbock, TX: 13,905 SF Walgreens on 1.88 ac lot at a signalized corner location in upper middle class area with an AHI of $74K/yr within 1 mile. Sales have increased 32% in 2 yrs due to a new roadway. 20 yrs NNN- lease with 5 yrs left. NOI $246K/yr. $3.514M. 7% cap.

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