04-18: Walgreen's, MOB, Lee Lee Oriental Market, Family Dollar

1. Walgreen’s in Saint Petersburg, FL: 13,672 SF drive-thru Walgreen’s built in 1998 on 1.74 ac lot along major corridor. Across from Walmart center. 20-yrs NNN- lease with 4-yrs left. NOI $336K/yr. $4.342M. 7.75% cap.
2. MOB in Las Vegas, NV: 51,646 SF Class-A medical office complex on over 4 ac lot along main retail artery. 86% leased to multiple tenants. NOI $626K/yr. $8.5M. 7.37% cap. Upside potential when fully leased.
3. Retail Building in Atlanta, GA: 6200 SF retail center built in 2007 on .78 ac lot along main retail corridor. 100% leased to Wells Fargo, Subway and Fred Loya Insurance. NOI $107K/yr. $1.436M. 7.50% cap.
4. MOB in Cincinnati, OH: 43,599 SF Class-B consisting of two medical buildings on 5+ ac lot anchored by Group Health, a recognized multi-specialty medical tenant. 96% leased to multiple tenants. NOI$523K/yr. $5.5M. 9.51% cap.
5. Retail Center in Medina, OH: 13,920 SF attractive retail center built in 1998 on 3.39 ac lot in growing and affluent (AHI $113K/yr in 1 mile) Cleveland metro. 100% NNN leased. NOI $194K/yr. $2.287M. 8.50% cap.
6. Lee Lee Supermarket in Peoria, AZ: 60,060 SF Lee Lee Oriental supermarket constructed in 2002 on 5.39 ac lot at a signalized location in upper middle class Phoenix suburbs. 20-yrs NNN lease with 19+ yrs left. NOI $286K/yr. with 10% rent bump in 2015. $3.95M. 7.25% cap.
7. Family Dollar in Columbus, OH: 8133 SF under construction retail building in growing middle-class area. Close to I-270. 100% leased. NOI $126K/yr. $1.747M. 7.25% cap.
8. Shopping Center in Tampa, FL: 38,942 SF renovated shopping center on 4 ac lot anchored by 6720 SF JSA Healthcare. Near Town & Country Hospital. 97% leased. NOI $411K/yr. $4.35M. 9.45% cap.

            (c) Transmercial 2014