09-07: Medical office buildings, Walgreens, Retail centers, AutoZone

1. Medical Office Building in Atlanta, GA: 45,988 SF 3-story 4-yrs old class-A medical office building on 2.29 acres across from Henry Medical center.  100% NNN leased to 10 medical tenants. NOI $803K/yr. $10M. 8% cap.  
2. Shopping Center in South Milwaukee, WI: 27,483 SF shopping center in good income area.  100% NNN leased to 3 brand name tenants: Aldi Food Market, Dollar Tree, and Little Caesars.  NOI $321K/yr. $4.259M. 7.5% cap. 
3. Medical Office Building in Rancho Mirage, CA: 49,889 SF 2-story medical office building constructed in 2008 on 3.15 acres lot in growing & affluent community (AHI $130K/yr in 1 mile radius).  82% NNN long-term leased to 2 medical tenants: Rancho Mirage Surgery Center and RadNet Imaging (NASDAG: RDNT).  Current NOI $1.28M. $16M. 8% cap.  Upside potential when 100% leased. 
4. Walgreens in Tucson, AZ: 15,525 SF Walgreens built in 1996 on 1.96 acres corner lot n growing area with good income.  100% NNN- lease with 5 yrs remaining.  NOI $249K/yr. $2.933M. 8.5% cap.  Buyer to assume $1.783M loan matured in 2033 at 6.25% fixed rate till 2018 (note: the long-term loan suggests the lender is confident Walgreens will stay here for a long time).  Sales volume over $6M/yr. 
5. Medical Retail Center in Spring, TX: 17,369 SF mature retail center in affluent Houston suburbs (AHI $96K/yr in 1 mile).  88% NNN leased to 6 tenants, 5 of them medical.  Current NOI $162K/yr.  $1.709M. 9.5% cap.  Upside potential when 100% leased. 
6. AutoZone in Pomona, CA: 6050 SF AutoZone on .79 acre lot in densely populated city in Los Angeles.  100% NNN leased till 2023.  NOI $135K/yr. $2.248M. 6% cap. 
7. Apartments in Fort Worth, TX: 49-unit apartments on 1 acre lot in high income area (AHI $76K/yr). 92% occupied.  NOI $130K/yr. $1.795M. 7.29% cap. 
8. Strip Center in Dania Beach, FL: 6500 SF strip center on busy Hwy 1 in Fort Lauderdale metro.  100% leased.  NOI $88K/yr. $1.1M. 8% cap.

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