07-30: Retail Buildings, Regional Center, MOB

1. Retail Building in Perrysburg, OH: 3887 SF brand new retail building on .75 ac lot at a major retail artery in fast growing and upper middle-class Toledo suburbs. Close to I-75. 100% NNN leased to Starbucks Coffee and Sprint. NOI $134K/yr. $1.926M. 7% cap.
2. MOB in Kennewick, WA: 13,412 SF Class-B single-tenant medical building completed in 1995 on 2.40 ac lot in growing high income area. Close to Colombia Center Mall. New minimum 5 yr NNN lease to KGH Clinic. NOI $209K/yr. $2.794M. 7.50% cap. This is a sale & lease back so longer lease term is possible.
3. Retail Center in Clermont, FL: 11,254 SF attractive retail center on nearly 2 ac outparcel to BJ’s Wholesale Club center in high income Orlando suburbs. Across from Power Center anchored by Ross Dress for Less, JCPenney, TJ-Maxx and Michaels. 91% leased with only one small vacant unit. NOI $224K/yr. $2.495M. 9% cap.
4. Retail Building in Orlando, FL: 2610 SF retail building constructed in 2005 on .79 ac lot at a major artery. Across from Orlando Fashion Square Mall. 15 yrs NNN lease with 7 yrs left to Honey Baked Ham, with over 400 units nationwide. NOI $51K/yr. $715K. 7.25% cap.
5. Regional Center in Atlanta, GA: 190,167 SF well maintained shopping center on 20+ ac lot anchored by Burlington Coat Factory. Close to I-285 and I-85. 100% leased. NOI $1.494M/yr. $17.08M. 8.75% cap.
6. Retail Center in Boynton Beach, FL: 26,277 SF well maintained retail center on 2.54 ac lot in growing Coral Springs suburbs. 80% leased to mostly automotive tenants. NOI $279K/yr. $3.995M. 7% cap.
7. Dogtopia in Raleigh, NC: 7,076 SF well kept retail building on .69 ac lot. Close to Capital Crossing, an 83,200 SF Power Center and Hwy-1. 100% NNN lease to an established Dogtopia, a dog day care franchisee with 5 yrs left. NOI $89K/yr. $989K. 9.10% cap.
8. Office  in Anaheim, CA: 30,000 SF attractive office building completed in 1999 on 4 ac lot in densely populated Los Angeles area. 100% NNN leased to Kaiser Permanente with new 5 yrs extension. Tenant has been here for 15 yrs. NOI $701K/yr. $9.063M. 7.74% cap.
9. Retail Center in Southaven, MS: 10,800 SF attractive retail center on 2.27 ac lot close to I-55/69 in Memphis suburbs. 80% NNN leased to national & local credit tenants. NOI $119K/yr. $1.195M. 10% cap.
10. Retail Building in Indianapolis, IN: 2433 SF brand new retail building on .80 ac lot in high income area. Across from Kroger and Avalon Crossing, anchored by CVS and Tuesday Morning. 10 yrs NNN lease to the largest Verizon Wireless franchisee in the U.S. NOI $116K/yr with 10% rent bumps every 5 yrs. $1.6M. 7.26% cap.

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