03-27: MOB's, Fresenius, Arby's, Burlington Coat Factory, Chipotle, Aspen Dental for sale

1. MOB in Denton, TX: 5575 SF build-to-suit medical office building built in 2007 on over 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, a regional tenant with 23 urgent centers in Dallas/Fort Worth. NOI $224K/yr. $2.695M. 8.32% cap. Buyer to assume $1.975M loan at 6.85% interest rate fixed till 2022.
2. Fresenius Dialysis in Columbia, SC: 6104 SF dialysis center built in 1995 on 1.50 ac lot in a fast growing area. Tenant has been at this location since 2005. Recently exercised 10 yrs NNN- corp lease with 9 yrs left. NOI $108K/yr with a 15.81% rent increase in year 5. $1.442M. 7.50% cap.
3. Retail Center in Cheektowaga, NY: 5607 SF retail center built in 2010 at a major commercial artery in Buffalo suburbs. Across from Target and Home Depot center, near Walden Galleria and I-90. 100% NNN- corp leased to Aspen Dental and Chipotle Restaurant. NOI $197K/yr. $2.465M. 8% cap.
4. MOB in Sacramento, CA: 19,455 SF Class-A medical office building completed in 2007 on 1.46 ac lot on campus of 333-bed Methodist Hospital of Sacramento.  Adjacent to436-bed Kaiser Permanente Medical Center, a level-II trauma center and next to Hwy-99. 100% leased to 8 tenants, 7 of them medical. NOI $464K/yr. $6.198M. 7.50% cap.
5. Strip Center in Indianapolis, IN: 17,126 SF well maintained retail center at a hard corner location in densely populated area. 100% leased to T-Mobile, Ace Beauty, Big City Grill, Art Nails, Hang Time, Mr. Bigz and China King. NOI $262K/yr. $3M. 8.74% cap.
6. Retail Center in Richland, WA: 12,000 SF retail center built in 2008 on 1+ ac lot at a hard corner location in high income area. Across from Target, Walmart Supercenter and The Home Depot. Close to I-182. 85% NNN leased. NOI $200K/yr. $2.7M. 7.43% cap. Upside potential when fully leased.
7. MOB in Tucson, AZ: 12,923 SF Class-A medical office building on .48 ac lot part of a professional & medical office complex. 72% leased to multiple tenants. NOI $182K/yr. $2.5M. 7.30% cap.
8. Burlington Coat Factory in Plainfield, IN: 70,000 SF recently constructed single tenant retail building  adjacent to 550,000 SF Metropolis Mall  in growing and high income (AHI $81K/yr in 3 mile)  Indianapolis suburbs. 100% NNN lease with 10 yrs left. NOI $500K/yr with a rent increase in 2018. $6.5M. 7.70% cap.
9. Arby’s in Tracy, CA: 2111 SF established Arby’s restaurant on .68 ac lot with excellent visibility in fast growing community East of Silicon Valley. Close to I-205. NOI $57K/yr. $895M. 6.43% cap.
10. MOB in Fort Worth, TX: 13,154 SF Class-A consisting of three medical office buildings completed in 2009 on nearly 4 ac lot in fast growing area. Close to I-820. 91% NNN leased. NOI $251K/yr. $2.875M. 8.75% cap.

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