06-05: Tire Plus, Church's Chicken, MOB, Retail Centers, Shopping Centers,

1. Retail Building in West Melbourne, FL: 8322 SF retail building constructed in 1998 on .95 ac lot along major retail corridor. Across from Melbourne Square Mall. 75% NNN leased to Tires Plus. NOI $131K/yr with 10% rent bumps in 2020 & 2025. $1.647M. 8% cap. Upside potential when fully leased.
2. Shopping Center in Chesterfield, MI: 52,340 SF well maintained shopping center at a corner location in growing and high income Detroit suburbs. NOI $515K/yr. $4.69M. 11% cap.
3. Church’s Chicken in Riverdale, GA: 2600 SF Church’s Chicken on .79 ac lot at a major corner location in Atlanta metro. New 15 yrs NNN lease to an experienced franchisee. This is a sale& leaseback investment. NOI $126K/yr with 10% rent increases every 5 yrs. $1.785M. 7.10% cap.
4. Retail Center in Fayetteville, GA: 12,150 SF attractive retail center in Atlanta suburbs. Close to Fayette Pavilion, a 1,528,192 SF power center. 100% NNN leased to Jamaican Country Kitchen, Cleansing Waters, American Fitness, Smoothie King and The Learning Station. NOI $139K/yr. $1.39M. 10% cap.
5. Retail Building in Lake Zurich, IL: 2995 SF retail building outparcel to TJ Maxx, Office Maxx, Petco, MC Sports and Trader Joe’s in Chicago suburbs. 100% NNN leased to FedEx and GameStop. NOI $87K/yr. $1.16M. 7.52% cap.
6. Strip Center in Tucson, AZ: 15,233 SF retail center built in 2008 on 1.5 ac lot at a main road in fast growing (109.99% pop growth) and high income (AHI $90K/yr in 1 mile) area. Next to Walgreen’s and close to I-10.  NOI $322K/yr. $3.747M. 8% cap.
7. Retail Center in Ewing, NJ: 7746 SF retail center on .90 ac corner lot anchored by 7-Eleven in Philadelphia suburbs. 86% NNN leased. Pro forma NOI $122K/yr. $1.232M. 9.96% cap.
8. Shopping Center in Schaumburg, IL: 38,313 SF attractive shopping center built in 2008 at a signalized intersection in high income (AHI $94K/yr in 3 mile radius) Chicago suburbs. Anchored by a 16,137 SF Aldi grocery Near Motorola’s World Headquarters with 7,000 employees. Close to I-90/I-290. 95% NNN leased. NOI $620K/yr. $7.75M. 8% cap.
9. MOB in San Juan Capistrano, CA: 10,444 SF Class-A medical office building as part of a larger medical office complex in an affluent South Orange county area with AHI of $127K/yr in 3 mile.  Easy access to I-5. 100% leased to multiple tenants. NOI $157K/yr. $2.872M. 5.50% cap.
10. Shopping Center in Milwaukee, WI: 27,382 SF well kept shopping center at a major retail artery anchored by O’Reilly Auto Parts. Close to I-94. 100% NNN lased to good tenant mix. NOI $238K/yr. $2.65M. 9% cap.

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