09-24: Car-X, Your Fit Health Club, Fitness Evolution, Shopping Centers

1. Retail Building in Houston, TX: 10,277 SF well maintained retail center on .79 ac lot in a growing and high income area. Tenants include: Rosewood Family Physicians and Royal Thai Day Spa & Salon. 100% NNN leased. NOI $198K/yr. $2.65M. 7.47% cap.
2. Shopping Center in Lancaster, CA: 30,000 SF attractive shopping center on nearly 3 ac lot at a signalized intersection in Los Angeles County. 87% leased. Actual NOI $474K/yr. $7.59M. 6.25% cap. Upside potential when fully leased.
3. Retail Center in Milford, OH: 13,460 SF retail center on 2 ac lot in upper middle-class Cincinnati suburbs. Adjacent to Kroger supermarket and across from Meijer Superstore and Home Depot. 100% leased. NOI $272K/yr. $3.636M. 7.50% cap.
4. Neighborhood Center in Fairfield, OH: 110,921 SF attractive shopping center constructed in 1993 on nearly 22 acres of land in Cincinnati suburbs. Anchored by Sears Hardware, Goodwill and Big Lots. 93% NNN leased. NOI $609K/yr. $6.975M. 8.74% cap.
5. Retail Center in Papillion, NE: 11,475 SF attractive retail center built in 1998 on 1.23 ac lot on a main retail corridor and in a high income (AHI $89K/yr) Omaha suburbs. Close to Super Target &Home Depot. 100% NNN leased to six tenants. NOI $152K/yr. $2.106M. 7.25% cap.
6. Shopping Center in Pompano Beach, FL: 29,415 SF well kept shopping center on 2.47 ac lot at a signalized intersection in Fort Lauderdale suburbs. NOI $294K/yr. $4.2M. 7% cap.
7. Car-X in Pflugerville, TX: 5561 SF auto center built in 2009 on 1.22 ac lot in affluent Austin suburbs. Near Walmart and Stone Hill Town Center, a 1,000,000 SF Power Center. 20-yrs NNN corp lease with 15-yrs left. NOI $150K/yr with 9% rent increases every 5-yrs. $2.404M. 6.25% cap.
8. Strip Center in Fort Lauderdale, FL: 8910 SF eleven units strip center on .77 ac lot along main corridor. 100% leased. NOI $170K/yr. $2M. 8.50% cap.
9. You Fit Health Club in Alpharetta, GA: 7328 SF retail building part of North Point Commons with Best Buy, Staples and JoAnn Fabrics in high income Atlanta metro. Close to Northpoint Mall and Hwy-19. 100% NNN lease to a growing regional tenant with 87 units. NOI $189K/yr. $2.6M. 7.27% cap.
10. Fitness Evolution in Carmichael, CA: 44,000 SF fitness center built in 4.29 ac lo at a hard corner location in upper middle-class Sacramento suburbs. This is a sale/leaseback investment. 20-yrs absolute NNN lease to strong operator with over 24-units. NOI $396K/yr. $5.409M. 7.32% cap.

           

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