09-12: Bob Sumerel Tire & Service, Walgreens. Retail Buildings, Office Buildings

1. Retail Center in Sunnyside, WA: 14,187 SF attractive retail center built in 2006 on 1.65 ac lot along main retail corridor. Across from Super Walmart. 100% NNN leased to Pizza Hut, Anytime Fitness, Verizon Wireless and Yakima Valley Farm Workers Clinic. NOI $236K/yr. $3.16M. 7.50% cap.
2. Retail Center in Jackson, TN: 13,176 SF retail center at a hard corner location off Hwy-45 and easy access to I-40. Credit tenants include: Starbucks Coffee, Baskin Robbins, Edward D. Jones and Weight Watchers. Across from Wal-Mart and Sam’s Club and near Lowe’s, Petsmart and Best Buy. 100% leased. NOI $286K/yr. $3.364M. 8.5% cap.
3. Shopping Center in Grand Forks, ND: 49,174 SF consisting of two retail buildings completed in 1994/1997 on 6+ ac lot at a signalized corner location. Across from Columbia Mall, with 70+ stores, Walmart Supercenter and Sam’s Club. 98% leased. NOI $442K/yr. $5.2M. 8.50% cap.
4. Office Building in Oakland, CA: 13,300 SF Class-A 7-units office building close to I-80/580. 100% leased. NOI $192K/yr. $2.4M. 8% cap.
5. Retail Center in Charlotte, NC: 12,320 SF attractive retail center built in 2006 on 1.60 ac lot in a fast growing area. 100% leased. NOI $171K/yr. $2.225M. 7.7% cap.
6. Retail Center in North Lauderdale, FL: 16,044 SF well kept retail center on nearly 1 ac lot at a high traffic location and in a densely populated area with nearly 500,000 residents in 5 miles. All units face main thoroughfare. 100% leased to 13 local tenants. NOI $176K/yr. $2.21M. 8% cap.
7. Bob Sumerel Tire & Service in Middletown, OH: 5824 SF single tenant auto service center on 1+ ac lot in Cincinnati suburbs. Near I-75. 100% NNN lease with 9 yrs left. NOI $77K/yr with a 10% rent bump in 2017.  $850K. 9.20% cap.
8. Shopping Center in Newburgh, IN: 88,348 SF shopping center renovated in 2003 on 7+ ac lot in high income (AHI $90K/yr) Evansville suburbs. Anchored by a 16,766 SF Ruler Foods (guaranteed by Kroger grocery) and a 18,945 SF ACE Hardware.  95% leased with only 2 small vacancies. NOI $295K/yr. $3.325M. 8.89% cap. Upside potential.
9. Walgreens in Fayetteville, AR: 15,120 SF 24-hr drive-thru drug store built in 2001 on 2+ ac lot at a hard corner location. Close to Washington Regional Medical Center and Hwy-71. 20 yrs absolute NNN lease with 8 yrs left. NOI $390K/yr. $5.585M. 7% cap.
10. Retail Building in Hayward, CA: 2632 SF well maintained retail building between two streets with excellent egress/ingress in San Francisco Bay Area. In populated residential neighborhood. Tenants include a Mexican Restaurant and Beauty Salon. NOI $51K/yr. $880K. 5.80% cap.

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