09-27: Big O Tires, Walgreens, Fresenius, Rite Aid, Liberty Bank

1. Big O Tires in Castle Rock, CO: 5500 SF free-standing Big O Tires service center built in 2004 on 1+ ac lot with excellent ingress/egress in Denver suburbs. Excellent demographics: an AHI of $134K/yr in 1 mile.  Across from Safeway grocery and off/on ramp of I-25. 15 yrs absolute NNN lease with 5+ yrs left. NOI $152K/yr. $2.175M. 7% cap.
2. Retail Buildings in Plainville, CT: retail center with 2 buildings: 6400 SF Rite Aid pharmacy and 2460 SF Liberty Bank renovated in 1996 on .87 ac lot at a hard corner location in Hartford metro. Close to Connecticut Commons, a power center anchored by Lowe’s, Loews Theater, Kohl’s, Dick’s Sporting Goods & Marshalls just to name a few. 100% NNN long term leases. NOI $104K/yr. $1.493M. 7% cap.
3. Retail Center in Las Vegas, NV: 13,764 SF attractive retail building completed in 2002 on 1+ ac lot at a signalized location. Across from Tropicana Beltway, a major center anchored by Walmart, Lowe’s and Ross Dress for Less. Close to 130-bed Southern Hills Hospital & Medical Center.  100% leased. NOI $379K/yr. $4.75M. 8% cap.
4. Retail Center in Arvada, CO: 22,528 SF retail center built in 2001 on 2+ ac lot in affluent Denver suburbs with an AHI of $147K/yr in 1 mile radius. 100% NNN leased. NOI $300K/yr.  $3.8M. 7.9% cap.
5. REO’ed Shopping Center in Bolingbrook, IL: 21,353 SF 13-unit bank-owned shopping center on 3.23 ac lot at a signalized intersection in growing (135.52% pop growth) and high income (AHI $111K/yr) Chicago suburbs. Strong mix of national, regional and local tenants. 60% leased to 9 tenants: Dairy Queen, Subway, Kumon, LA Tan, Paris Nail, Signature Cleaners, Animal Hospital, J Kim Dental and Michaels Pizza.  Current gross income of $346K/yr. $2.599M.  
6. Strip Center in Keller, TX: 12,500 SF well maintained strip center built in 2006 on 2.50 ac lot in high income Fort Worth metro. 89% leased. Pro forma NOI $118K/yr. $1.8M. 6.6% pro forma cap.
7. Walgreens in Oakland, CA: 24,429 SF Walgreens pharmacy just East of San Francisco Bay. 100% NNN lease with 10+ yrs left. NOI $300K/yr. $6M. 5% cap.
8. Shopping Center in Macon, GA: 46,815 SF shopping center adjacent to newly renovated Macon Mall. NOI $198K/yr. $2.5M. 7.95% cap.
9. Fresenius in Trotwood, OH: Newly constructed dialysis center on 1.50 ac lot in Dayton suburbs. New 15 yrs NNN corp lease. NOI $128K/yr with 10% rent bumps every 5 yrs. $1.828M. 7% cap.
10. Neighborhood Center in Richmond, VA: 173,982 SF shopping center anchored by Food Lion grocery, Dollar Tree and Marshalls. On an off/on ramp of Hwy-150. 97% leased. NOI $1.207M/yr. $15.582M. 7.75% cap.

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