02-28: CVS Pharmacy, Fresenius, The Taco Maker, Office Building

Client's testimonial:   " Thank you David. This [purchase] experience has been efficient and stress free." S. & M. Villasenor.

1. CVS Pharmacy in Carefree, AZ: 13,813 SF attractive drug store built in 2003 on 2.79 ac lot at a hard corner location in growing and high income area. 20-yrs NNN lease with 9-yrs left. NOI $431K/yr. $6.157M. 7% cap. Buyer to assume $4.312M loan at 5.52% interest rate.
2. Shopping Center in Olympia, WA: 35,776 SF well maintained shopping center built in 1995 on 5 ac lot in Tacoma suburbs. Across from Westfield Capital Mall, with Macy’s, JCPenney, Bed Bath and Beyond & Best Buy. 100% NNN leased. NOI $268K/yr. $3.7M. 7.25% cap.
3. Fresenius in Columbus, OH: 8700 SF well kept dialysis center on .67 ac lot close to I-670. 100% NN corp lease with 7-yrs left. NOI $91K/yr. $1.5M. 6.13% cap.
4. Office Building in Grapevine, TX: 15,275 SF Class-A office building on 1.57 ac lot in growing and high income Fort Worth/Dallas area. Close to Baylor Regional Medical Center, Gateway Plaza Mall and Hwy-114. 100% NNN leased to multiple tenants. NOI $180K/yr. $1.999M. 9.03% cap.
5. The Taco Maker in Centerville, UT: 2060 SF well performing restaurant built in 1997 in growing upper middle-class area. Adjacent to Kohl’s, Super Target and Home Depot. Visible and on an off/on ramp of I-15. 15-yrs NNN corp lease with 2-yrs left. NOI $87K/yr. $1.134M. 7.75% cap.

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