09-09: Apartments, Family Dollar, Walgreens, Advance auto, Jiffy, Medical office building, Retail centers

1. Apartments in Wichita, KS: 264-unit gated & well-kept apartments on 10.77 acres lot with 3 swimming pools, 2 tennis courts, volleyball court, fitness center,  picnic areas and clubhouse in prestigious area.  90% occupied.  NOI $805K/yr. $9.65M. 8.35% cap. 
2. Family Dollar in North Richland Hills, TX: 8000 SF Family Dollar store under construction in fast growing & strong income Dallas metro. 10 yrs NNN- corp lease to recession insensitive tenant. NOI $109K/yr. $1.367M. 8% cap.
3.  Walgreens in Aurora, CO: 17,548 SF Walgreens built in 1998 on 1.24 acres lot at a busy intersection in growing & good income area in Denver metro.  100% NNN- lease with 7 yrs left.  NOI $334K/yr. $4M. 8.35% cap. 
4. Retail Center in Munroe Falls, OH: 30,000 SF retail center on 4.15 acres lot in stable middle class (AHI $78K/yr in 1 mile) Akron metro.  Anchored by DSI Renal dialysis (acquired by DaVita on 9/6/11).  100% leased. NOI $170K/yr.  $1.749M. 9.75% cap.  Just $58/SF! 
5. Short-sale Office Building in Naples, FL: 18,000 SF 2-story 14-unit class-A office building next to I-75 exit in affluent city (AHI $115K/yr in 1 mile).  85% leased.  NOI not avail.  $1.95M. 
6. Short-sale Office Building in Naples, FL: 3-story class-A profession/medical office building next to I-75 in fast growing (128%) & wealthy (AHI $116K/yr in 1 mile) Fort Meyers metro.  75% leased.  NOI not avail.  $2.895M. Less than $100/SF! 
7. Shopping Center in Durham, NC: 59,859 SF established shopping center in fast growing (63%) & middle class area.  Anchored by 25,000 SF Carlie C’s (independent grocery chain with 14 locations) and 8787 SF Rite Aid. 84% leased.  NOI $259K/yr. $2.2M. 
8. Medical Office Building in Mansfield, TX: 8916 SF class-A medical office building on 1.27 acres lot with hwy-287 frontage in fast growing middle class Dallas metro.  100% leased to an OBGYN and a dentist.  NOI not avail.  $2.2M. 
9. Advance Auto Parts in Eastpointe, MI: 7000 SF AAP built in 2008 on .88 ac lot in Detroit suburbs.  15 yrs NNN- corp lease.  NOI $154K/yr.  $1.839M. 8.4% cap. 
10. Jiffy Lube in Madison, WI: 4794 SF recently renovated Jiffy Lube on .35 ac corner lot in a stable upper middle class state capital city.  20 yrs absolute NNN lease with 10 yrs left.  NOI $61K/yr. Just $720K.  8% cap.  Great for 1^st time investors.

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