10-17: Walgreen's, MOB, LA Fitness, Childtime Learning Center, Retail Centers

1. Retail Center in Gastonia, NC: 9973 SF attractive retail center built in 2004 on 1 ac lot in Charlotte suburbs. Close to Eastridge Mall and I-85. 100% NNN leased to Talbots, Facet Foundry Jewelry and Aeroflow Healthcare. NOI $154K/yr. $1.822M. 8.50% cap.
2. Shopping Center in Pompano Beach, FL: 66,613 SF well maintained shopping center on 6.9 ac lot at a busy intersection. 95% NNN leased with 56% of total spaces leased by national tenants such as: Save-A-Lot grocery, Auto Zone and Dollar General. With seven points of access. Close to I-95. NOI $455K/yr. $5.616M. 8.11% cap.
3. Walgreen’s in Orange Park, FL: 13,905 SF Walgreen’s built in 1996 on 2+ ac lot at a signalized corner location in fast growing and high income (AHI $81K/yr in 1 mile) Jacksonville metro. Close to Orange Park Medical Center. 20 yrs NNN- lease with 3+ yrs left. NOI $248K/yr. $3.306M. 7.50% cap.
4. Office Building in Puyallup, WA: 77,367 SF Class-A office building on 3.74 ac lot in growing Tacoma suburbs. Close to Good Samaritan Hospital and next to Hwy-512. 94% leased with government, professional and medical tenants. NOI $919K/yr. $12.257M. 7.50% cap.
5. MOB in Brentwood, CA: 51,599 SF Class-B medical office building completed in 2005 on 3+ ac lot in fast growing (244.81% pop growth) and high income (AHI $107K/yr) Contra Costa County. Anchored by Sutter East Bay Medical Foundation and John Muir Heath. 100% NNN lased. NOI $1.227M/yr. $18.6M. 6.60% cap.
6. Shopping Center in Mesa, AZ: 20,584 SF well maintained shopping center on 1.97 ac corner lot.  75% leased. Actual NOI $172K/yr. $2.46M. 7% cap.
7. Retail Center in Tempe, AZ: 8750 SF eye-catching retail center built in 2006 on .81 ac lot at a hard corner location in high income Phoenix suburbs. Across from Albertsons center. 100% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
8. Childtime Learning Center in Virginia Beach, FL: 6,399 SF day care center on nearly 1 ac lot in Norfolk suburbs.  Location with high income residential growth and close to I-64. 17 yrs absolute NNN lease with 7 yrs left. NOI $91K/yr with 10% rent pump in 2014. $1.3M. 7.06% cap.
9. LA Fitness in Naples, FL: 30,571 SF fitness center in a high income neighborhood with an AHI of $147K/yr in 1 mile radius. Near I-75. 15 yrs NN corp lease with 9+ yrs left. NOI $687K/yr with 10% rent increases every 5 yrs. $8.86M. 7.76% cap.
10. Office Building in Berkeley, CA: 9500 SF Class-B 2-story office building at a hard corner location in a high income city East of San Francisco. Close to downtown and with easy access to BART and freeways. NOI $102K/yr. $1.4M. 7.30% cap.

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