05-01: Business Center, MOB, AutoZone, Shopping Centers

1. Shopping Center in Spring, TX: 20,790 SF attractive shopping center built in 2006 on nearly 2 ac lot at a signalized intersection. Great demographics: growing & high income area with an AHI of $106K/yr in 3 mile radius. 100% NNN leased. NOI $337K/yr. $3.973M. 8.50% cap.
2. Shopping Center in Memphis, TN: 23,000 SF well kept shopping center on .79 ac lot at highly visible corner location. 91% leased. NOI $210K/yr. $2.295M. 9.16% Cap.
3. Retail Center in Richmond, TX: 14,850 SF newly constructed retail center in along major corridor. Part of Shops of Bella Terra, with Walmart, KOHL’S, 24-Hr Fitness, Ross Dress For Less, Sport Authority and more. 100% leased. 7.25% cap. Price/Cap N/A.
4. Business Center in Phoenix, AZ: 55,102 SF Class-B professional center on over 2 ac lot along major retail artery. Amenities include: Fitness Center and Racquetball Court. Across from Power Center with Costco, Fry’s Grocery, Target, Ross Dress For Less, OfficeMax and Burlington Coat Factory. 74% leased to multiple tenants. NOI $304K/yr. $3.75M. 8.13% cap.
5. Hobby Lobby in Birmingham, AL: 56,030 SF big box retail building completed in 2004 part of Village at Lee Branch, a 506,527 SF Power Center with Publix, Carmike Cinemas and Academy Sports. Great demographics with an AHI of $133K/yr. 15-yrs NNN- lease with 5+ yrs left. NOI $476K/yr. $5.772M. 8.25% cap.
6. MOB in Skokie, IL: 5000 SF medical office building renovated in 2012 in Chicago suburbs. Close to I-94. This is a sale-lease back investment. New 10-yrs NNN lease. Tenant has occupied the property since 1986. NOI $84K/yr. $925K. 9.08% cap.
7. AutoZone in Grand Rapids, MI: 6172 SF well maintained AutoZone on .66 ac outlot to Big Lots anchored center in growing and middle-class area. Near I-96. 10-yrs NNN- corp lease with 4-yrs left. NOI $71K/yr with annual rent increases. $908K. 7.87% cap.
8. Retail Center in Las Vegas, NV: 10,400 SF attractive strip center built in 2004 on 1.56 ac lot along major retail corridor. Shadow anchored by Food 4 Less. Tenants include: Advance America, Passion Nails, Adriana' s Tax Service, Dollar A, Access Auto Insurance Agency of Nevada, Great Clips for Hair, China Wok restaurant, North View Dental, and a Verizon cell tower. 100% NNN. NOI $248K/yr. $3.225M. 7.72% cap.
9. Shopping Center in Tulsa, OK: 47,809 SF attractive shopping center on 4.81 ac lot in high income area with an AHI of $94K/yr in 3-mile radius. 96% NNN leased to long term tenants. NOI $583K/yr. $7.29M. 8% cap.
10. MOB in Crest Hill, IL: 18,900 SF Class-B multi-tenant medical office building anchored by Edward Physician Group in growing and upper middle class Chicago metro. 90% leased. NOI $337K/yr. $4.1M. 8.23% cap.

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