09-26: Family Dollar, Sweet Tomatoes, Neighborhood Centers, Fellas Discount

1. Retail Center in Lithonia, GA: 17,804 SF retail center built in 2002 on 1.72 ac outparcel to Lowe’s and Walmart in growing and high income Atlanta metro. Across from Publix anchored center and near I-20. 100% NNN leased to 11 tenants. NOI $382K/yr. $4.5M. 8.50% cap. Note: flyer not avail, full brochure upon request!
2. Family Dollar in Tarpon Springs, FL: 8290 SF brand new built-to-suit retail building on 1.21 ac lot in Tampa suburbs. 10 yrs NNN- corp lease. NOI $134K/yr. $1.741M. 7.75% cap.
3. Shopping Center Chandler, AZ: 29,945 SF shopping center built in 2006 on 6.76 acres of land next to hwy-202 exit in growing Phoenix suburbs. Shadow anchored by Kohl’s and across from Walmart and Sam’s Club.  100% NNN leased to 4 tenants: Bedmart, Desert Hot Tubs, Happy Harvesters and Planet Fitness. NOI $309K/yr. $3.85M. 8.04% cap.
4. Strip Center in Vero Beach, FL: 13,000 SF multi-tenant strip center on 1.33 ac lot at main entrance to the 860,000 SF Indian River Mall anchored by Macy’s, Dillard’s, Sears and JCPenney. NOI $230K/yr. $2.675M. 8% cap.
5. Strip Center in Mount Laurel, NJ: 14,600 SF well-maintained strip center on 1+ ac lot along main retail corridor in high income (AHI $106K/yr) Philadelphia metro. 100% NNN leased. NOI $222K/yr. $2.875M. 7.73% cap.
6. Sweet Tomatoes in Lone Tree, CO: 8228 SF restaurant built in 2001at a busy thoroughfare in prosperous (AHI $128K/yr) Denver metro. In front of 12 screen theater and near Park Meadows Mall. 20 yrs NNN corp lease with 9 yrs left. NOI $298K/yr with CPI rent bumps every 5 yrs. $3.727M. 8% cap.
7. Neighborhood Center in Aurora, CO: 131,794 SF well kept neighborhood center on 14+ acres of land anchored by Safeway and Family Dollar in Denver metro. 95% leased to a good tenant mix. NOI $1.04M/yr. $13M. 8% cap.
8. Shopping Center in Riverside, CA: 59,790 SF shopping center on 4.75 ac lot anchored by recently renovated Stater Bros grocery store in a growing middle class area. Tenants Include: O' Reilly Auto Parts, Subway, City to City Insurance, D' Caesaro Pizza & Italian Restaurant.  82% NNN leased. NOI $403K/yr. $6.72M. 6% cap. Upside potential.
9. Shopping Center in Ocoee, FL: 51,160 SF shopping center renovated in 2008 on 7.22 ac lot in growing & high income Orlando suburbs. Anchored by 47,634 SF LA Fitness center with 12 yrs left on the lease.  Across from Publix and Winn Dixie anchored centers. NOI $804K/yr. $9.224M. 9% cap.
10. Fallas Discount Store in Hanford, CA: 19,200 SF single-tenant retail center built in 1994 on over 2 ac lot San Joaquin Valley.  Part of a shopping center anchored by Staples, 99 Cents Only, Orchard Hardware, Davita Dialysis.  100% NNN- leased to Fallas Discount Store (same owner as Factory-2-U) till 2021.  NOI $135K/yr with generous 12% rent bump in 2016.  $1.93M. 7% cap.

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