04-25: Arby's, MOB, Shopping Centers, Retail Centers

1. Shopping Center in Bonita Springs, FL: 23,053 SF attractive shopping center built in 2007 on 2.47 ac lot at a major artery in a high income Fort Myers metro. 72% leased. NOI $193K/yr. $2.45M. 7.9% cap.
2. Office Building in Rocklin, CA: 12,558 SF well kept office building on 1 ac lot in fast growing and in upper middle-class Sacramento suburbs. Close to I-80. 73% leased to two tenants. NOI $78K/yr. $1.25M. 6.3% cap. NOTE: flyer not available, full brochure upon request.
3. Retail Center in Rialto, CA: 25,353 SF recently renovated retail center on 1.78 ac lot with excellent visibility in growing San Bernardino County. Anchored by 9,602 SF Family Dollar. 94% leased. NOI $230K/yr. $3.4M. 6.77% cap.
4. Shopping Center in Pocatello, ID: 74,906 SF well maintained shopping center on 5+ ac lot in growing area. Anchored by TJ Maxx, IHOP and Harbor Freight Tools. Adjacent to Walmart Supercenter and across from The Pine Ridge Mall. 97% NNN leased. NOI $723K/yr. $9.65M. 7.5% cap.  
5. Shopping Center in Bedford, TX: 31,837 SF well maintained shopping center on nearly 4 ac lot in Fort Worth/Dallas suburbs. Visible from Hwy-121. 87% leased with only 3 vacancies. High income area (AHI $91K/yr within 3 miles).  NOI $408K/yr. $5.1M. 8% cap.
6. Shopping Plaza in Altadena, CA: 26,290 SF 2-story 10-yrs old retail center on a corner lot in a well-off and densely-populated city just North of Pasadena.  100% leased.  NOI $381K/yr. $5.9M. 6.46% cap.
7. MOB in Cleveland Heights, OH: 35,894 SF Class-B medical office building on 2+ ac lot in high income (AHI $86K/yr) Cleveland suburbs. 93% leased to mostly medical practices. NOI $316K/yr. $3.4M. 9.32% cap.
8. Arby’s in Chandler, AZ: 3300 SF Arby’s restaurant renovated in 2008 on .83 ac outparcel to Target in Phoenix suburbs. 100% NNN lease with 9 yrs left. NOI $100K/yr with 2% annual rent bumps starting in Sept 2013. $1.35M. 7.41% cap.
9. Medical Office Building in Carmel, IN: 21,000 SF Class-A medical office building on 3 ac lot in Indianapolis suburbs. Across from Carmel St Vincent Hospital. 100% leased to doctors and dentist. NOI $333K/yr. $4.45M. 7.50% cap.
10. Neighborhood Center in Keizer, OR: 61,838 SF neighborhood center on 5.34 ac lot in Salem metro.  Anchored by Rite Aid and shadow anchored by Albertson supermarket. 92% leased. Current NOI $538K/yr. $6.75M. 8.07% cap.

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