05-22: Walgreen's, Checkmate, Office Condo, Shopping Centers

1. Walgreens in Colorado Springs, CO: 15,120 SF drive-thru drug store built in 2000 on 3.49 ac lot at a signalized corner. Close to 64-bed Heathsouth Rehabilitation Hospital. 100% NNN- corp lease with 7 yrs left. $6.05M. 7% cap.
2. Retail Building in Cincinnati, OH: 2727 SF retail building constructed in 2009 on .59 ac lot in densely populated area. Close to Sam’s Club, Kroger grocery and I-74.  100% NNN leased to Verizon Wireless and Little Caesar’s. NOI $64K/yr. $675K. 9.54% cap.  Ideal for first time investors.
3. Apartments in Sacramento, CA: 95-units well maintained apartments complex on nearly 4 ac lot near parks and Hwy-99. Close to Florin Towne Centre with Walmart Supercenter, Famsa, and 24 Hour Fitness. 99% occupied. NOI $392K/yr. $5.7M. 6.90% cap.
4. Walgreen’s in Hermitage, TN: 13,905 SF Walgreens on 1.67 ac outparcel to Home Depot in Nashville suburbs. Across from Lowe’s. 20 yrs NNN- corp lease with 5 yrs left. NOI $260K/yr. $3.6M. 7.23% cap.
5.  Retail Center in Mead, WA: 17,141 SF attractive retail center on .81 ac lot in high income (AHI $89Kyr) Spokane suburbs. 93% leased with great tenant mix. NOI $290K/yr. $4.1M. 7.08% cap.
6. Checkmate in Glendale, AZ: 1900 SF retail building renovated in 2003 on .52 ac lot at a hard corner location in growing Phoenix suburbs. 10 yrs NNN- lease with 9 yrs left to a financial company with 100+ locations in AZ, CA, CO, NM, UT and WA. NOI $100K/yr with rent increases. $1.4M. 7.20% cap.
7. Office Condo in Anaheim, CA: 10,079 SF Class-B office condo on 2+ ac lot at a hard corner location.  Zoning allows medical office use. 100% leased to Mace Security International (OTCQB: MACE), a public company known for manufacturing and marketing high quality security product, including personal defense sprays, home and business electronic products and central station monitoring. NOI $145K/yr. $1.864M. 7.81% cap.
8. Shopping Center in Palm Harbor, FL: 43,314 SF shopping center renovated in 2007 on 4.80 ac lot in upper middle-class Tampa metro. Excellent visibility from Hwy-19 with over 65,000 CPD. 70% leased. NOI $327K/yr. $3.9M. 8.40% cap. Upside potential.

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