02-07: Family Dollar, Surgery center, Office building, Walgreens, shopping Centers

1. Retail center in Victorville, CA: 14,410 SF multi-tenant retail center on 1.2 ac lot near I-15 exit.  85% leased.  NOI $121K/yr. $2.02M. 6% cap.
2. Shopping Center in Beaumont, TX: 23,411 SF mature shopping center on 2.05 ac lot in high income area with AHI of $90K/yr in 1 mile.  Shadow anchored by Kroger supermarket.  100% leased.  NOI $308K/yr. $3.3M. 9.35% cap.
3. Family Dollar in Deltona, FL: 9180 SF Family Dollar store on .89 ac lot near Lowe's and Publix grocery in a growing city North of Orlando.  10 yrs NNN- with 6 yrs remaining.  NOI $128K/yr with rent bump in 2/2015.  $1.655M. 7.75% cap. 
4. Surgery Center in Bradenton, FL: 13,250 SF modern surgery center built in 1999 on 1.8 ac lot a short distance from Manatee Memorial Hospital.  100% NNN lease with 18 yrs left.  NOI $392K/yr with 1% annual rent bumps.  $5.7M. 6.88% cap.
5. Office buildings in Union, NJ: 18,624 SF office complex consists of 2 adjacent 3-story buildings in upper middle-class NY metro with AHI of $94K/yr in 1 mile. 80% leased.  NOI $136K/yr. $1.95M. 7% cap. 
6. Office Building in Livingston, NJ: 21,710 SF 3-story office building in an affluent NY suburbs with AHI $161K/yr.  NOI $192K/yr. $2.65M. 7.25% cap.
7. Office Building in Rochester, NY: 8485 SF on .53 ac lot.  18 yrs absolute NNN lease to a medical tenant.  NOI $86K/yr. $750K.  11.5% cap.
8. Walgreens in Miami Gardens, FL: 14,850 SF drug store on over 2 ac lot at a busy intersection in densely populated area with over 450K residents in 5 miles. 20 yrs NNN lease with 3 yrs left.  NOI $224K/yr. Store with about $7.5M in sales (very low 3% rent to sales ratio means tenant is very likely to renew the lease).  $2.987M. 7.5% cap.

            (c) Transmercial 2014