03-01: Family Dollar, Goddard School, The Learning Experience

1. Retail Center in Denton, TX: 19,416 SF retail center built in 2008 on 1.89 ac lot in growing city just North of Dallas/Fort Worth. Close to Denton Regional Medical Center, North Texas Hospital and I-35E. 100% NNN leased to 7 tenants. NOI $404K/yr. $4.275M, 9.45% cap.  
2. Family Dollar in Richland Hills, TX: 8000 SF newly constructed Family Dollar store on .88 ac lot in fast growing and middle-class Dallas suburbs. 10 yrs NNN- corp lease. NOI $107K/yr. $1.431M. 7.50% cap.  
3. Community Health Systems in Las Cruces, NM: brand new 7407 SF walk-in health center on .69 ac lot at busy corridor and close to I-10. New 10 yrs NNN lease to strong tenant. NOI $192K/yr with 1.5% annual rent increases. $2.693M, 7.15% cap.  
4. Goddard School in Indianapolis, IN: 8,120 SF day care facility built in 2001 on 1+ ac lot bounded by mostly residential neighborhoods in affluent (AHI $140K/yr) area. 100% NNN lease with 3 yrs left. NOI $142K/yr. $1.492M. 9.52% cap.  
5. REO’ed Retail Center in Riverside, CA: 11,306 SF L-shaped well maintained retail center on .78 ac corner lot across from Kaiser Permanente Riverside. Near Galleria at Tyler Mall and Hwy-91.  87% leased. NOI $157K/yr. $1.895M. 8.30% cap. 
6. Retail Center in Voorhees, NJ: 39,773 SF newly renovated retail center on 1.31 ac lot in high income (AHI $93K/yr in 3 miles) Philadelphia suburbs. Close Voorhees Town Center. 89% leased. $4.5M. NOI/Cap not disclosed.  
7. The Learning Experience in Huntersville, NC: 11,000 SF childcare center built in 2010 in fast growing (100.58% pop growth since 2000) and well-off (AHI $122K/yr in 1 mile) Charlotte suburbs. 15 yrs NNN- corp lease with 12+ yrs left. NOI $275K/yr with 10% rent bumps every 5 yrs. $2.75M, 10% cap.  
8. Strip Center in Cedar Rapids, IA: 11,250 SF strip center built in 2004 outparcel to Walmart supercenter.  Across from Westdale Mall. 92% NNN leased with 1 vacant unit. $1.275M. NOI/Cap not disclosed.

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