04-03: Starbucks Coffee, CVS, MOB's, Retail Centers

1. Shopping Center in Sumter, SC: 43,857 SF newly constructed shopping center at a dominant retail corridor. Tenants include: Petco, Michael’s, Five Guys, Nail Spa, Game Stop and Verizon. Next to Lowe’s and across from Walmart Supercenter. 96% leased. Proforma NOI $716K/yr. $9.552M. 7.50% cap.
2. Starbucks Coffee in Mesa, AZ: 800 SF Starbucks Coffee built in 2012 on .68 ac lot at a hard corner location in high income Phoenix suburbs. 10 yrs NNN corp lease with 9 yrs left. NOI $93K/yr. $1.55M. 6% cap.
3. Jack in the Box in Austin, TX: 2,682 SF fast food restaurant on .92 acre in fast growing (68.86% since 2000) area.  Along Hwy-290 and near Hwy-183. 100% NNN corp lease with 4 yrs left. NOI $135K/yr with a rent increase in 2014. $1.805M. 7.50% cap.
4. Retail Center in Tega Cay, SC: 21,997 SF attractive retail center on 2.73 ac outparcel to Walmart Supercenter in growing (152.90% population growth since 2000) town just South of Charlotte. 86% leased with only 2 vacancies. 8.5% cap. Price/NOI not disclosed.
5. Office Building in San Antonio, TX: 45,854 SF U-shaped well maintained office building on 3.44 ac lot. Close to Methodist Ambulatory Surgery Hospital and I-10. 93% leased. 8.25% cap. Price/NOI not disclosed.
6. Office Building in Richland, WA: 26,751 SF Class-A office building constructed in 2005 on 1.50 ac lot in growing area. One block from 249-bed Kadlec Regional Medical Center. 92% leased to 7 tenants. Proforma NOI $410K/yr. $4.95M. 8.25% cap.
7. MOB in Prescott, AZ: 9,222 SF well kept medical office building constructed in 1998 on .88 ac lot across from 72-bed Yavapai Regional Medical Center. 82% leased. NOI $168K/yr. $1.35M. 7.20% cap.
8. CVS Pharmacy in Rocky Mount, NC: 10,125 SF pharmacy on .98 ac lot at a signalized corner location. Near 282-bed Nash General Hospital and Sam’s Club. 20 yrs NNN-lease with 6 yrs left. NOI $225K/yr with a rent bump in 2014. $2.799M. 8.04% cap.
9. Shopping Center in Florissant, MO: 33,792 SF well maintained shopping center on 3+ ac lot at a high traffic location in St Louis suburbs. Excellent visibility from I-270. Good tenant mix. NOI $302K/yr. $4.2M. 7.20% cap.
10. Professional Buildings in Silverdale, WA: 35,734 SF Class-B consisting of three professional office buildings completed in 1994 on 2.63 ac corner lot in high income (AHI $82K/yr in 3 mile) Seattle suburbs. Close to Kitsap Mall. 76% leased. Proforma NOI $564K/yr. $7.185M. 7.86% proforma cap.

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