03-22: Retail center, multifamily, CBA, Walgreens for sale

1. Retail Center in McKinney, TX: 11,948 SF multi-tenant retail center built in 2006 on 1 ac lot in affluent (AHI $142K/yr) Dallas suburbs.  100% leased with 65% tenants are regional or multi-store tenants.  NOI $192K/yr. $2.2M. 8.75% cap. 
2. Shopping Center in Boise, ID: 17,465 SF retail center on 3.2 ac corner lot.  90% leased to Bank of the West, Edible Arrangements, Blimpies, All Valley Pet Clinic, Maru Sushi, Saladman, Kabob House.  NOI $152K/yr. $1.697M. 9% cap. 
3. Multi-family in Rancho Cordova, CA: 16-unit townhome-styled 15,740 SF multifamily on .71 ac lot in Sacramento metro.  95% occupied.  Gross income $156K/yr. NOI $83K/yr. $1.175M. 7.11% cap. 
4. Shopping Center in Westminster, CO: 24,054 SF upscale shopping center constructed in 2006 on 8.36 ac corner lot in upper middle-class Denver metro.  88% NNN leased.  NOI $487K/yr. $6.9M. 7% cap. 
5. Christian Brothers Auto in Tampa, FL: 4921 SF auto service center built in 2012 on .96 ac in affluent Tampa suburbs.  15 yrs NNN corp lease to Christian Brothers Auto, a fast growing regional tenant.  NOI $171K/yr with 1.5% annual rent bumps. $2.36M. 7.25% cap. 
6. Strip Mall in Reno, NV: 3842 SF 2-unit strip center on an outparcel of a center anchored by Smith's Food and Drug.  High income area.  65% NNN leased to Check City, a regional tenant with locations in 5 states.  Current NOI $76K/yr.  Only $825K.  9.2% cap. Ideal for first time investors. 
7. Walgreens in Park Forest, IL: 13,905 SF Walgreens built in 1998 on 1.3 ac corner lot.  100% NNN- lease with 5 yrs left.  NOI $233K/yr. $3.15M. 7.39% cap. 
8. Shopping Center in Sioux City, IA: brand new 6200 SF shopping center on 1.18 ac pad to a power center with Kohl’s, Michael’s, PetsMart, Old Navy, Shoes Carnival, Dress Barn, Linens & Things. 100% NNN leased to Panera Bread and Qdoba Mexican Grill.  NOI $178K/yr. $2.765M. 6.45% cap.

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