03-14: Denny's Restaurant, DaVita Dialysis, A Tooth Doctor for Kids, Medical Condo

1. Denny’s Restaurant in Coon Rapids, MN: 5235 SF Denny’s Restaurant built in 1998 on .89 ac lot in growing Minneapolis suburbs. Across from Walmart center. Near 941,336 SF Riverdale Village, an outdoor mall with over 75 stores and Hwy-10/47. 100% absolute NNN lease with 10 yrs left to strong operator with 9 units. NOI $144K/yr. $1.645M. 8.75% cap.
2. MOB in Apple Valley, CA: 10,640 SF 2-story well-maintained medical office building constructed in 1990 on .56 ac lot in growing and high income area.  One block from 186-bed Saint Mary Medical Center.  80% leased to five tenants. Proforma NOI $89K/yr. $1.149M. 7.8% proforma cap.
3. Office Building in Worthington, OH: 46,140 SF attractive office building constructed in 1988 in fast growing and high income Columbus suburbs. 94% NNN leased to Absolute Care, Gaylor, Paychex and Guardian. NOI $212K/yr. $2.375M. 9% cap.
4. DaVita Dialysis in Edwardsville, IL: 3700 SF recently re-developed dialysis center on .50 ac lot in high income St Louis suburbs. 10 yrs NNN- lease with 5 yrs left. NOI $65K/yr. $838K. 7.80% cap.
5. Napa Auto Parts in Sheridan, CO: 9000 SF autoparts center built in 2006 on .84 ac lot in growing Denver metro. 100% NNN corp lease with 4 yrs left. NOI $95K/yr. $1.35M. 7.11% cap.
6. A Tooth Doctor for Kids in Phoenix, AZ: 8094 SF well-kept single-tenant dental office building on .64 ac lot at a hard corner location in densely populated area with over 460,000 residents in 5 mile radius. Close to 232-bed Maryvale Hospital. 100% NNN leased with 4 yrs left to national tenant with 278 offices. NOI $139K/yr. $1.854M. 7.50% cap.
7. Retail Center in Escondido, CA: 6525 SF complex consisting of four separate retail buildings on .89 ac lot at a signalized intersection in upper middle class San Diego suburbs. 100% leased to long term tenants. NOI $58K/yr. $1.1M. 5.33% cap.
8. Medical Condo in Milpitas, CA: 2654 SF Class-A medical office condo with its own parcel built in 2000 with excellent visibility to Montague Expy, a major retail corridor. Close to Great Mall and I-680. Excellent for owner user! Only $790K.
9. Office Building in Rocklin, CA: 12,558 SF well-maintained office building on 1 ac lot in fast growing and high income (AHI $91K/yr in 3 mile) Sacramento suburbs. Close to I-80. 74% leased. NOI $95K/yr. $1.25M. 7.60% cap.

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