1. Office Building in Sewell, NJ: 50,240 SF office building in upper middle-class Philadelphia suburbs. 100% leased to 3 tenants. NOI $313K/yr. $2.9M. 10.84% cap.
2. Shopping Center in Crystal Lake, IL: 50,092 SF shopping center anchored by 29,400 SF Big Lots and 12,400 SF Factory Card & Party Outlet (now owned by Party City). Growing middle class Chicago suburbs. Across the street from Sam’s Club, Target, Kohl’s, Border Books, Red Bath & Beyond, Best Buy, Big K, and more. 83% leased. NOI $172K/yr. $1.72M. 10% cap.
3. Strip Center in Davie, FL: 13,375 SF strip center built in 2004 on 1.55 acres as part of a 28 acres commercial development in suburbs of Fort Lauderdale (AHI $111/yr within 1 mile). 90% leased. NOI $246K/yr. $3.1M. 8% cap.
4. Medical Office Building in Lewisville, TX: 10,000 SF multi-tenant medical office building on 1 ac lot across from Lewisville Medical Center in Dallas suburbs. 70% leased. Seller will master lease vacant unit for 1 yr. NOI $114K/yr. $1.341M. 8.5% cap.
5. Shopping Center in Suwanee, GA: 20,037 SF upscale shopping center built in 2008 on 2.46 acres lot in fast growing and affluent Atlanta suburbs (AHI 100K/yr within 1 mile). 100% NNN leased. NOI $426K/yr. $4.975M. 8.58% cap.
6. Jack in the Box & Crispy Crème in Seattle, WA: 2 retail buildings on 1.4 acres outparcel to Lowe’s in middle class area and stable city. 100% absolute NNN ground lease (land is for sale and tenants own the buildings). NOI $224K/yr with 12% rent bump every 5 yrs. $3.3M. 6.8% cap.
7. Medical Office Building in Las Vegas, NV: 5200 SF class-A single-tenant medical office in an office park in affluent SW part of the city (AHI $92K/yr). Easy access to I-213. 100% leased. NOI $123K/yr. $144M. 8% cap.
8. Kragen Auto Parts in Clovis, CA: 7002 SF single-tenant retail center built in 2006. 15 yrs NNN lease with 11 yrs remaining. NOI $130K/yr with 10% rent bump in Oct 2011. Price reduced to $1.869M. 7% cap (7.7% in Oct 2011).
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