07-16-10 - Rite Aid - Doddard Childcare - Sam's Club - For sale

1. Short sale in Las Vegas, NV: Portfolio of 2 buildings totaling 36,369 SF: one retail, one office on 3.86 acres lot.  $3.9M. 
2. Shopping center in Reseda, CA: 19,822 SF shopping center on 1.41 acres corner lot in a densely populated area in Southern CA.  100% NNN leased. Profoma NOI $433K/yr. $5.75M. 8.4% cap. 
3. Apartments in Los Angeles, CA: 6-unit apartments on a corner lot near USC campus.  Being used as student housing.  NOI $78K/yr. $1.05M. 7.5% cap. 
4. Rite Aid in Woonsocket, RI: 11,850 SF drug store on 1 ac lot.  New 20 yrs absolute NNN lease.  NOI $185K/yr with 10% rent bump every 10 yrs.  $2.197M. 8.45% cap. 
5. Strip Center in De Pere, WI: 5862 SF class A retail center on an outparcel to a shopping center anchored by Festival Foods Grocery in Green Bay suburbs.  100% NNN leased by 4 national tenants: Starbucks coffee, FedEx Kinkos, US Cellular and EZ Payday Loans.  NOI $166K/yr. $2.084M. 8% cap. 
6. Family Dollar in Orlando, FL: 9180 SF single-tenant building with all masonry construction on 1 acre corner lot in fast growing area.  New 10 yrs corp NN lease by Family Dollar.  NOI $178K/yr. plus 6K billboard income.  $2.236M. 8.25% cap. 
7. Goddard Childcare center in Olathe, KS: 6768 SF childcare center built in 2000 in fast growing affluent (AHI $108K/yr) Kansas city suburbs.  NOI not avail.  $1.35M. 
8. Shopping Center in Topeka, KS: 40,240 SF shopping center on 4.3 acres lot just off I-470.  Anchored by Petsmart and Party America.  NOI $433K/yr. $4.814M. 9% cap. 
9. Sam’s Club building in Flagstaff, AZ: 140,000 SF single-tenant retail center built in 1994 on 12.7 acres lot near I-40.  100% NNN leased till 2023.  Base rent of $940K plus percentage rent.  $14.75M. 7% cap. 
10. Auto Mall in Palm Harbor, FL: 24,724 SF auto mall center built in 1990 on 2.31 acres corner lot in Tampa metro.  100% leased by 10 auto tenants with low rents.  NOI $191K/yr.  $2.387M. 8% cap.

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