09-18: DaVita Dialysis, Service First, Retail Centers, Shopping Centers

1. Retail Center in Spring, TX: 13,030 SF well maintained retail center on 1+ ac lot at busy corridor in high income Houston suburbs. 86% leased with only 1 vacancy. NOI $136K/yr. $1.55M. 8.86% cap.
2. Shopping Center in Snellville, GA: 70,060 SF consisting of two retail center on 7.18 ac lot at a major retail corridor & in high income (AHI $92K/yr in 3 mile) Atlanta suburbs. Anchored by 22,500 SF Michaels. Near 310-bed Eastside Medical Center. 92% NNN leased. NOI $444K/yr. $5.15M. 8.63% cap.
3. Strip 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. Price reduced from $2.225M to $2.195M. 8% cap.
4. Shopping Center in Miami, FL: 38,905 SF well kept shopping center on 4 ac lot anchored by Save-A-Lot Grocery and Family Dollar. Between 357-bed North Shore Medical Center and I-95. 100% leased to nine tenants. NOI $365K/yr. $4.3M. 8.50% cap.
5. DaVita in Lehigh Acres, FL: 5355 SF Class-A dialysis center renovated in 2012 in fast growing Fort Myers suburbs. Just minutes from LEHIGH Regional Medical Center. 10 yrs NNN lease with 9 yrs left. NOI $64K/yr. $856K. 7.50% cap.
6. Service First Automotive in Spring, TX: 7500 SF a highly-rated modern automotive repair center built in 2011 on 1+ ac lot in high income Houston suburbs with an AHI of $104K/yr in 1 mile. 100% NNN long lease with 10+ yrs left. NOI $189K/yr. $2.1M. 9% cap.

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