11-19: Strips centers, Office buiding

1. Strip Center in Avondale, AZ: 5563 SF drive-thru retail center built in 2001 on .91 ac lot along main corridor in upper middle-class Phoenix suburbs. Adjacent to center anchored by Fry’s Food store, a regional chain. 100% NNN leased to Chase and Starbucks Coffee. NOI $133K/yr. $1.75M. 7.63% cap.
2. Shopping Center in Pinole, CA: 44,264 SF recently renovated shopping center on over 4 ac lot at a hard corner location in high income San Francisco Bay metro. Anchored by 99 Cents Only. NNN leased to national & local tenants. NOI $772K/yr. $10.7M. 7.22% cap.
3. Strip Center in Arlington, TX: 4890 SF attractive strip center built in 2006 on .87 ac lot in growing and upper middle class Fort Worth/Dallas metro. 100% NNN leased to Mr. Jim’s Pizza, Farmer’s Insurance and Transforce, Inc. NOI $93K/yr. $975K. 9.55% cap.
4. Retail Center in Atwater, CA: 9909 SF retail center built in 2006 at a signalized intersection in a growing city near Merced. 83% leased to Travis Credit Union, Jantz Café & Bakery, ProfessionNails and Campbell Chiropractic. 83% leased. Actual NOI $196K/yr. $2.913M. 6.75% cap. Upside potential.
5. Office Building in Germantown, TN: 7200 SF Class-B office building in affluent (AHI $167K/yr in 1 mile) Memphis suburbs. This is a sale/leaseback investment. 100% NNN lease to an established spa & medical aesthetics company. NOI $102K/yr. $1.2M. 8.50% cap.
6. Retail Building in Pico Rivera, CA: 6172 SF attractive retail building completed in 1991 at a signalized corner location in densely populated Los Angeles area with over 500,000 residents in 5 mile radius. Across from Power Center anchored by Target. 51% leased. Actual NOI $90K/yr. $935K. 9.60% actual cap.
7. Strip Center in Chandler, AZ: 2979 SF strip center in booming (2,154.60% pop growth since 2000) and affluent (AHI $193K/yr in 1 mile) Phoenix suburbs. NOI $60K/yr. $806K. 7.50% cap.
8. Retail Center in Fort Worth, TX: 21,350 SF attractive retail center on 2.71 ac lot in fast growing (1,447.64% pop growth) and high income (AHI $98K/yr) area. Shadow anchored by Albertsons grocery. 100% leased. NOI $336K/yr. $3.995M. 8.43% cap.
9. Shopping Center in Henderson, NV: 26,426 SF shopping center completed in 2007 on 1.40 ac lot in fast growing and high income Las Vegas suburbs. Close to 219-bed St Rose Dominican Hospital-Siena. 95% NNN leased. NOI $451K/yr. $6.1M. 7.40% cap.