06-20: Surgery Center, Wendy's, MOB's, Retail Centers

1. Shopping Center in Cumming, GA: 24,517 SF attractive shopping center built in 2007 on 5+ ac lot in affluent Atlanta suburbs with an AHI of $121K/yr in 1 mile. Along Hwy-20. 94% NNN leased to 9 tenants with only one vacancy. Actual NOI $426K/yr. $5.015M. 8.5% cap. Upside potential when fully occupied.
2. Surgery Center in Houston, TX: 11,200 SF surgery center renovated in 2003 on 1+ ac lot with easy access to Hwy-290. 15 yrs NNN lease to Northwest Surgery Associates with 6 yrs left. NOI $425K/yr with a rent bump in 2014. $4.8M. 8.87% cap.
3. Wendy’s in Clermont, FL: 3048 SF well maintained Wendy’s in Orlando suburbs. Close to South Lake Hospital and next to Hwy-27. 20 yrs NNN lease with 18 yrs left to a strong franchisee with 40+ units. NOI $107K/yr with 8% rent increases every 5 yrs. $1.783M. 6% cap.
4. MOB in Waukesha, WI: 55,800 SF medical office building completed in 1999 on 4.7 ac lot at main retail corridor in Milwaukee suburbs. Close to I-94. New 7 yrs NNN lease to Criticare Systems, an international medical device company. This is a sale-leaseback investment. NOI $558K/yr. $5.873M. 9.50% cap.
5. Shopping Center in Indian Trail, NC: 21,463 SF attractive shopping center built in 1996 in fast growing and high income Charlotte suburbs. Anchored by Carolinas HealthCare. 83% leased. NOI $136K/yr. $1.708M. 8% cap. Upside potential.
6. MOB in Mount Laurel, NJ: 21,000 SF Class-A medical office building in an affluent Philadelphia metro with an AHI of $137K/yr in 1 mile. Close to 90+ store Moorestown Mall,  and I-295. 85% leased. NOI $243K/yr. $2.7M. 9% cap.
7. Retail Center in Folsom, CA: 17,445 SF well kept retail center on 1.48 ac lot in wealthy Sacramento suburbs (AHI $102K/yr in 3 mile radius).  87% leased.  NOI $182K/yr. $2.235M. 8.33% cap.
8. MOB in Jacksonville, FL: 14,200 SF Class-B medical office building on 1.82 ac lot next to I-95.. Anchored by St. Vincent’s First Care Occupational Health Practice. 100% leased to multiple tenants. NOI $116K/yr. $1.3M. 9% cap.
9. Retail Center in Maywood, CA: 7669 SF well kept retail center at a signalized intersection in densely populated Los Angeles County. Good tenant mix. NOI $164K/yr. $1.695M. 9.70% cap.
10. Retail Center in Charlotte, NC: 18,460 SF retail center in fast growing and high income area. Tenants include: Goodwill, HobbyTown USA and World Class Hair Care. 100% NNN leased. 9% cap. Price/NOI not disclosed.

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