04-19: Family Dollar, Fresenius, Walgreens, Fresh & Easy, Shopping Centers

1. Shopping Center in Jacksonville, FL: 22,000 SF upscale shopping center on 2.36 acres lot in affluent area in Jacksonville (AHI $96K/yr).  100% NNN leased to 11 tenants including: Classic Wine & Spirit, Areawide Cellular, Dental office, Great clips, Firehouse subs, and Outback Steakhouse.  Excellent visibility with all units facing the main road.  NOI $481K/yr. $6.755M. 7.25% cap. 
2. Family Dollar (S&P BBB-) in Hartford, CT: brand-new 9180 SF Family Dollar on 1.75 ac lot close to Mount Sinai Hospital. New 10 yrs NNN- lease. NOI $164K/yr with rent increases in options. $2.15M. 7.67% cap. 
3. Fresenius in Kinston, NC: 10,880 SF class-B dialysis center less that ½ mile from Lenoir Memorial Hospital.  Tenant has been at this location since 1997.  100% NNN- lease with 12 yrs left. Note: this location is a state mandated certificate of need location. NOI $141K/yr. $1.77M. 8% cap. 
4. Retail Building in Reseda, CA: 5880 SF well-kept retail building on .42 ac lot in densely populated Los Angeles region. Area with high barrier to entry.  100% leased. NOI $93K/yr. $1.39M. 6.74% cap. 
5. Walgreens in Franklin Park, IL: 15,120 SF Walgreen’s built in 2001 on 1.57 ac lot at a hard corner location in Chicago metro with over 450K residents within 5 miles. Extraordinary store sales.100% NNN- lease till 2021. NOI $415K/yr . $5.725M. 7.25% cap. 
6. Walgreens in Las Vegas, NV: 15,120 SF pharmacy built in 2001 on 2+ ac outparcel to Wal-Mart and near West of Sunrise Plaza: a 91,500 SF Albertson’s anchored center.  High income area.  100% NNN- lease  till 2020. NOI $321K/yr. $4.35M. 7.40% cap. 
7. Fresh & Easy in La Quinta, CA: 13,470 SF Fresh & Easy grocery store built in 2009 on 1.38 ac lot in affluent (AHI $111K/yr in 3 mile radius) Palm Springs metro. 100% NNN- lease with 17 yrs left. NOI $335K/yr with 10% rent increases every 5 yrs. $4.47M. 7.5% cap. 
8. Strip Center in Carpentersville, IL: 11,095 SF strip center built in 2007 next to Spring Hill Mall in fast growing and affluent (AHI $103K/yr) Chicago metro. 87% NNN leased to national tenants. Pylon sign. NOI $345K/yr. $4.275M. 8.20% cap. 
9. Family Dollar in Austin, TX: 9180 SF single-tenant retail building on 1+ ac lot with excellent ingress/egress to main blvd. 100% NNN lease with 5 yrs left. NOI $82K/yr. $1M. 8.25% cap. 
10. Shopping Center in Fruitland Park, FL: 24,785 SF shopping center anchored by Dollar General. All tenants are facing US-441-27. 100% leased. NOI $156K/yr. $1.953M. 8% cap.

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