02-28: MOB, Tires Plus, CVS, Shopping Centers

1. Shopping Center in Strongsville, OH: 40,545 SF shopping center on 4.8 ac lot at a signalized corner location in high income (AHI $97K/yr in 1 mile) Cleveland suburbs. Anchored by 16,800 SF Regos Brothers Supermarket. 82% NNN leased. Actual NOI $329K/yr. $3.485M. 9.45% actual cap. 
2. MOB in Denton, TX: 5575 SF single tenant urgent medical center built in 2007 on 1+ ac lot in fast growing Dallas/Fort Worth metro. Near 208- bed Denton Regional Medical Center, North Texas Hospital and off ramp I-35E. 100% NNN- lease with 9 yrs left to CareNow with 23 urgent centers in Dallas/Fort Worth metro. NOI $223K/yr. $2.695M. 8.28% cap.  
3. MOB in Warrant, MI: 15,324 SF Class-B consisting of two medical office buildings at a busy corridor. Across from Universal Mall and near GM Tech Center. 77% leased with several long-term tenants. Actual NOI $171K/yr. $1.85M. 9.25% actual cap. Upside potential.  
4. Office Building in Fairfield, CA: 6024 SF well maintained office building half way between San Francisco and Sacramento. Across from Westfield Solano, minutes from 132-bed Northbay Medical Center and near I-80. NOI $59K/yr. $995K. 6% cap. 
5. Shopping Center in Sacramento, CA: 64,171 SF well maintained shopping center on 4.64 ac lot at a hard corner.  Anchored by Food Source Grocery (owned by Raley’s). Next to FALLAS, dd’s and Anna’s Linens anchored center. Close to Kaiser Permanente Medical center and Hwy-99. 100% leased. NOI $531K/yr. $6.6M. 8.05% cap. 
6. Tires Plus in Jacksonville, FL: 5,216 SF Tires Plus on .68 ac lot at a high traffic location. Near Regency Square Mall and I-295. 100% NNN lease with 6 yrs left to Bridgestone. NOI $149K/yr. $1.695M. 8.82% cap.  
7. CVS in Charlotte, NC: 10,125 SF drive-thru drug store built in 1998 on 1.57 ac lot at busy intersection.  100% NNN lease with 6 yrs left.  NOI $192K/yr. $2.4M. 8.50% cap. 
8. Shopping Center in North Richland Hills, TX: 99,331 SF attractive shopping center built in 1991 on 9.54 acres of land at highly visible location in growing high income Dallas/Fort Worth metro.  Anchored by 99¢ Only and Aaron Rents. 86% leased with only 3 vacancies. NOI $573K/yr. $6.7M. 8.60% cap.  
9. MOB in West Covina, CA: 12,380 SF Class-B 7-units medical office building on 1.32 ac lot in densely populated Los Angeles County. Great location: i) near 252-bed Citrus Valley Medical Center, ii) Close to I-10 exit, iii) close to Westfield West Covina Mall. 100% leased. NOI $141K/yr. $2.575M. 5.50% cap.

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