03-03: CVS, OfficeMax, Hardee's, Professional Park, Strip Center

1. Professional Park in Friendswood, TX: 19,247 SF Class-A consisting of two office buildings on nearly 2 ac lot in high income Houston suburbs. 93% leased. NOI $215K/yr. $2.9M. 7.42% cap.
2. Shopping Center in San Antonio, TX: 50,114 SF 15-unit attractive shopping center built in 2006 on 4+ ac lot at major artery. Close to North Central Baptist Hospital. 84% leased to established 12 national regional/local tenants with 3 avail units. NOI $682K/yr. $8.9M. 7.67% cap.
3. OfficeMax in East Peoria, IL: 23,500 SF retail building on 1.86 ac lot. Across from Lowe’ s and near Walmart Supercenter in Chicago metro. Recently extended 5-yrs left with 4-yrs left. NOI $258K/yr. $3.041M. 8.50% cap.
4. Shopping Center in San Antonio, TX: 29,363 SF well maintained shopping center built in 2006 on 2.74 ac lot in growing middle-class area. 100% leased. NOI $5.25M. 7.80% cap.
5. CVS in Decatur, GA: 10,161 SF drive-thru drug store built in 1999 on 1.54 ac lot at a hard corner location in Atlanta suburbs. New roof was installed in 2009. Close to I-285. 20-yrs NNN- corp lease with 6-yrs left. NOI $231K/yr. $3M. 7.72% cap.
6. Hardee’s in Chicago Heights, IL: 2600 SF fast food restaurant on over 1 ac lot in Chicago suburbs. New 20-yrs NNN lease to strong franchisee with 150 units. NOI $120K/yr. $1.5M. 8% cap.
7. Strip Center in Perris, CA: 10,500 SF well kept strip center in Riverside County. 100% NNN leased to established tenants. NOI $187K/yr. $2.5M. 7.50% cap.
8. Strip Center in Mokena, IL: 7250 SF attractive strip center in Chicago suburbs. 100% NN leased to Subway, Dentist, Chiropractor, Tobacco Store and Liquor Store. NOI $157K/yr. $1.749M. 9% cap.
9. Office Building in Tampa, FL: 10,995 SF Class-B built-to-suit office building constructed in 2005 on 1.26 ac lot.  12-yrs NNN lease with 8-yrs left. NOI $178K/yr with 2% annual rent increases. $2.38M. 7.50% cap.

           

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