06-02: Office building, shopping centers, DaVita, CVS, surgical center, medical office building

1.     Office Building in High Point, NC: 50,000 SF three story office building constructed in 1990 in growing Greensboro suburbs. 100% NNN leased till 2016 to SunGard Public Sector, Inc. NOI $474K/yr. $5.45M. 8.7% Cap.  

2.     DaVita in Jacksonville, FL: 6141 SF medical building on .97 ac lot across from Regency Square Mall off of active passage. NNN- corp lease. NOI $124K/yr with annual rent increases. $1.46M. 8.5% Cap.

3.     CVS Pharmacy in Decatur, GA: 10,125 SF drug store built in 1999 on 1.5 ac lot near Decatur Hospital, DeKalb Medical Center and Georgia Regional Hospital.  Roughly 8½-years left on lease. NNN corp lease. NOI $212K/yr. $2.55M. 8.34% Cap.

4.     Strip Center in Las Vegas, NV: 13,727 SF well-maintained 10- units retail center built in 1996 off of US-95. 82.5% NNN leased. NOI $179K/yr. $2.190M. 8.2% Cap. Upside Potential.

5.     Shopping Center in Fairview Heights, IL: 59,398 SF 2-years old shopping center on 5.90 ac lot in Chicago metro.  Anchored by Jo-Ann Fabrics and next to Market Place, St Clair Square and Crossroads Center in St Louis suburbs. 100% NNNN leased by national tenants. NOI $625K/yr. $7.680M. 8.15% Cap.

6.     Ambulatory Surgical Center in Casa Grande, AZ: 6000 SF medical building adjacent to Casa Grande Regional Medical Center. NNN- leased till 2022. NOI $210K/yr. $2.4M. 8.75% Cap.

7.     Shopping Center in North Aurora, IL: 38,301 SF shopping center at a signalized corner location in Chicago suburbs. Strong local/regional/national tenant mix. NNN. NOI $297K/yr. $3.9M. 7.62% Cap.

8.     Strip Center in McKinney, TX: 18,960 SF strip center built in 1997 on 2.43 ac lot in fast growing (1,521.93%) and affluent (AHI $130K/yr) Dallas metro. 100% NNN leased. NOI $279K/yr. $3.291M. 8.5% Cap.

9.     Shopping Center in Memphis, TN: 23,000 SF shopping center at highly visible corner location. 84% leased by sixteen tenants. NOI $225K/yr. $2.149M. 10.50% Cap.

10.  Medical Office Building in Prescott, AZ: 9282 SF multi-tenant Class-A medical office building adjacent to Yavapai Regional Medical Center. 100% NNN leased. NOI $168K/yr. $1.875M. 8.5% Cap. 

© Transmercial 2011.