04-01: BJ's Restaurant & Brewhouse, Apartments, Walgreens, MOB, Shopping Centers

1. Shopping Center in Raleigh, NC: 33,900 SF shopping center built in 1992 on nearly 6 ac lot grocery in fast growing and upper middle class area. Anchored by 29,000 SF Food Lion, a regional tenant with 1300 locations in 13 states.  All tenants face main road. Close to I-540. 100% NNN leased. NOI $194K/yr. $1.942M. 10.01% cap.
2. Medical Office Condo in Mesa, AZ: 7592 SF highly upgraded medical office condo in growing and high income area with an AHI of $92K/yr in 1 mile.  Close to Banner Gateway Medical Center and Hwy-60. 100% NNN leased to Verve Wellness, providing full range of medical, dental, chiropractic, naturopathic, massage, yoga therapy, optical services and product. 100% NNN leased. NOI $162K/yr. $2.234M. 7.25% cap.
3. BJ’s Restaurant & Brewhouse in San Bernardino, CA: 7851 SF restaurant and brewhouse built in 2004 on .84 ac lot at a major retail artery. Close to Sam’s Club, Costco and I-10. 20 yrs NNN ground lease (land for sale) with 11 yrs left. NOI $106K/yr with a 10% rent increase in 2014. $2.132M. 5% cap.
4. Shopping Center in Aurora, CO: 65,810 SF well kept shopping center anchored by Dollar Tree in growing Denver metro. Close to Town Center at Aurora, with 150+ stores and I-225. 77% leased. NOI $352K/yr. $4.4M. 8.01% cap.
5. Apartments in Tacoma, WA: 16-unit 1 & 2 bedroom apartment complex built in 2002 in high (AHI $86K/yr) income area. Seller invested $150K into a building upgrade, includes new refrigerators, dishwashers, dryers, carpet, heaters, fireplaces, new laminate floors, bathroom tile floors, paint, pipe arrangement, electricity, doors and lights. 98% occupancy. NOI $127K/yr. $1.499M. 8.50% cap.
6. Apartments in Bakersfield, CA: 64-units apartments complex on 3+ ac lot. Close to parks, shopping centers, hospital and Hwy’s. Amenities include: two swimming pools, covered parking, storage units and a large grass courtyard. 93% occupied. Proforma NOI $295K/yr. $3.6M. 8.21% proforma cap.
7. Retail Building in Lake Worth, TX: 3952 SF retail building constructed in 2007 on .53 ac lot at a hard corner location. Near Target, Walmart, Lowes & Hobby Lobby centers.  Close to I-820. 100% leased to Popeye’s and T-Mobile. NOI $189K/yr. %1.9M. 9.98% cap.
8. Walgreen’s in Tucson, AZ: 13,905 SF drive-thru pharmacy built in 2000 on 1.47 ac lot at a signalized corner location in fast growing and high income area with an AHI of $90K/yr in 1 mile. Across from Fry’s Food center. 100% lease with 7 yrs left.  NOI $316K/yr. $4.18M. 7.57% cap.
9. Retail Center in La Mirada, CA: 9225 SF attractive shopping center on .69 ac lot at a high traffic location in densely (465,000 residents in 5 mile) populated and affluent (AHI $105K/yr) Los Angeles suburbs. Shadow-anchored by CVS/24 Hour Fitness. 100%  NNN leased by multiple tenants. NOI $282K/yr. $4.35M. 6.5% Cap.
10. MOB in Fairview Heights, IL: 18,124 SF Class-B medical office building on 1.70 ac lot in growing St Louis suburbs. Close to St Clair Square and I-64. 100% leased. $2.19M. NOI/Cap not provided. 

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