03-26: Ichiban Hibachi & Sushi Buffet, Sam's Club, MOB, Office Buildings, Neighborhood Centers for sale

1. Retail Building in Erie, PA: 4,800 SF retail building constructed in 2007 on .72 ac lot at major retail artery and close to I-90. 100% NNN leased to T-Mobile and The Exchange. NOI $142K/yr. $1.68M. 8.47% cap.
2. Shopping Center in Parker, CO: 21,440 SF high quality construction shopping center built in 2008/2009 on 2.36 ac corner lot in affluent (AHI $113K/yr) Denver suburbs.  100% NNN leased to nine tenants.  NOI $446K/yr. $5.96M. 7.50% cap.
3. Ichiban Hibachi & Sushi Buffet in Charlotte, NC: 9667 SF 4 star-rated Japanese Buffet Restaurant renovated in 2011 on nearly 2 ac lot at a signalized corner location. Surrounded by several hotels and near I-85. 100% NNN leased with 8 yrs left. NOI $89K/yr with 3% annual rent increases. $1.119M. 8% cap.
4. Sam’s Club in Citrus Heights, CA: 113,298 SF big box retail building constructed in 2003 on 13 acres of land in fast growing Sacramento suburbs. Long absolute NNN ground lease (sale of land only)) occupied by national tenant with 13 yrs left. NOI $950K/yr. $16.815M. 5.65% cap.
5. Shopping Center in Fredericksburg, VA: 61, 774 SF well maintained shopping center on 4.60 ac lot anchored by Food Lion and Rite Aid in fast growing and high income (AHI $87K/yr) area. Excellent visibility, great ingress/egress and along Hwy-3.  84% leased to regional and local tenants. NOI $456K/yr. $5.7M. 8% cap.
6. Office Building in Carmichael, CA: 12,840 SF well kept office building on .93 ac lot in upper middle class Sacramento suburbs. 80% leased to multiple tenants. NOI $62K/yr. $775K. 8.02% cap. Upside potential.
7. Shopping Center in Lake Elsinore, CA: 62,294 SF recently remodeled neighborhood center on 4.37 ac lot with big monument signage in fast growing (pop growth 82.41% since 2000) area. Anchored by Cardenas Market, a regional supermarkets chain.  Across from Big Lots and Starter Bros grocery center. Close to I-15. 90% leased. NOI $916K/yr. $14.1M. 6.50% cap.
8. Shopping Center in Fircrest, WA: 26,600 SF attractive modern-looking shopping/office center built in 2005 on 1.83 ac lot at a signalized corner location in growing Tacoma suburbs. 91% leased. NOI $337K/yr. $4.1M. 8.22% cap.
9. Office Building in Mission Hills, CA: 37,066 SF Class-B office building on over 1 ac corner lot in high-income, densely populated Los Angeles county with over 650K residents in 5 miles. Close to I-405 exit. 88% leased. NOI $467K/yr. $5.45M. 8.58% cap. Buyer to assume $3.459M loan at 5.18% interest rate. Upside potential when fully leased.
10. MOB in New Berlin, WI: 25,465 SF Class-A medical office building on nearly 2 ac lot in high income (AHI $93K/yr in 3 mile radius) Milwaukee suburbs. 86% leased. NOI $45K/yr. $5.7M. 8% cap.

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