07-03: MOB, U.S. Bank, Family Dollar, Retail Centers

1. MOB in Phoenix, AZ: 41,918 SF well maintained medical office building on 2.89 ac lot. Across from 136-bed Paradise Valley Hospital. 77% leased to fifteen medical tenants. Actual NOI $279K/yr. $4.2M. 6.64% actual cap. Upside potential.
2. Retail Building in Flint, MI: 5403 SF retail center built in 2008 on nearly 1 ac lot with easy access to I-75 & I-69.  Retailers in the Immediate Area Include: Target, Bed Bath & Beyond, Old Navy, Sherwin Williams, Among Many Others.  100% NNN lease to Aspen Dental and Check N’s Go.  NOI $129K/yr. $1.526M. 8.5% cap.
3. Retail Center in Arlington, TX: 13,940 SF attractive retail center built in 2005 on 1.72 ac lot in growing upper middle-class Fort Worth/Dallas suburbs. 73% NNN leased to Subway, Nail Salon, Donuts Shop, Dental Office, Food Mart, Ana Moreno Salon and Islamic Society. Actual NOI $150K/yr. $1.884M. 8% cap. Upside potential.
4. Office Building in Cypress, CA: 11,300 SF 2-story Class-B office building completed in 1994 in high income (AHI $96K/yr) densely populated Orange county area with almost 600,000 residents within 5 miles. 100% leased. NOI $155K/yr. $2.395M. 6.50% cap.
5. U.S. Bank in Las Vegas, NV: 4429 SF U.S. Bank on 1+ ac lot close to The Strip. Near I-15. 10 yrs absolute NNN lease with 4 yrs left. NOI $265K/yr with annual CPI increases. $3.512M. 7.56% cap.
6. Office Building in Independence, OH: 29,500 SF Class-B four-story office building in high income (AHI $94K/yr) Cleveland metro. With easy access to I-77 and I-480. 98% leased. NOI $252K/yr. $2.798M. 9% cap.
7. Retail Center in Vacaville, CA: 43,294 SF retail center on 3.58 ac lot in a town just Southwest of Sacramento. Close to Vacaville Premium Outlets and next to 1-80. 100% NNN leased to four tenants.: King Buffet, State of CA DMV, Blake Austin College, and  Matthew Mattress.  NOI $621K/yr. $8.1M. 7.67% cap.
8. Family Dollar in San Bernardino, CA: 13,074 SF brand new retail building on .74 ac lot at a hard corner location. 10 yrs lease with 9 yrs left to a national tenant. NOI $122K/yr with 10% rent bumps every 5 yrs. $1.85M. 6.67% cap.
9. MOB in Beavercreek, OH: 7806 SF attractive medical office building constructed in 1997 on 1.25 ac lot in high income Dayton suburbs. 100% NNN leased to two medical tenants. NOI $97K/yr. $985K. 9.85% cap.
10. MOB in Bartlett, TN: 30,583 SF Class-A medical office building built in 2004 in Memphis suburbs. Across from St Francis Hospital-Bartlett. Close to Wolfchase Galleria Mall and I-40. 100% NNN leased. NOI $489K/yr. $6M. 8.15% cap.

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