09-15: MOB, Burger King, Shopping Centers, Office Buildings

1. Retail Center in Marlton, NJ: 8110 SF attractive retail center built in 2009 on over 1 ac lot in high income (AHI $110K/yr in 3 miles) Philadelphia metro. 100% NNN leased to six tenants. NOI $127K/yr. $1.75M. 7.26% cap.
2. Retail Building in Dallas, TX: 8107 SF well maintained retail building on .62 ac lot at a signalized corner location. Close to I-35. 100% NNN leased to 7-Eleven and Seoul Garden. NOI $136K/yr. $1.949M. 7% cap.
3. Retail Center in Ventura, CA: 7681 SF retail center on .44 ac lot shadow-anchored by CVS in Southern California. Across from Ventura City College and near The Community Memorial Hospital. 100% NNN leased. NOI $146K/yr. $1.95M. 7.51% cap.
4. Strip Center in Noblesville, IN: 6950 SF attractive strip center built in 1995 on .81 ac lot at a major retail artery in growing and high income Indianapolis suburbs. Across from Home Depot and close to Town and County Plaza, with Walmart Supercenter, Kohl’s, Lowe’s, Meijer, Barnes & Noble and Best Buy. 87% leased with good tenant mix. Actual NOI $165K/yr. $2.1M. 7.86% actual cap. Upside potential.
5. Retail Center in Springfield, OH: 17,040 SF retail center built in 2006 on 2 ac lot Northeast of Dayton. Shadow-anchored by Super Walmart. 100% NNN leased to Great Clips, Mercy Medical, Game Stop, Jack’s Pets, Radio Shack and Shoe Show. NOI $205K/yr. $2.395M. 8.57% cap.
6. Shopping Center in Houston, TX: 31,850 SF attractive shopping center on 2.80 ac lot. Major tenants include: El Salvador Consulate, Hispano Americana, RiteMed Pharmacy, CPA, Food Mart, Washateria, Furniture, and Cell Tech. 94% leased. Actual NOI $309K/yr. $3.7M. 8.36% cap. Upside potential.
7. Retail Center in Palm Bay, FL: 32,583 SF well maintained shopping center on 3.61 ac lot in growing Melbourne area. Along main retail corridor with all units facing thoroughfare. 91% leased to 17-tenants. NOI $354K/yr. $3.765M. 9.41% cap.
8. MOB in Whippany, NJ: 22,000 SF Class-A multi-tenant medical office building completed in 2005 on 2.39 ac lot  in affluent New York metro with an AHI of $112K/yr in 1 mile. Tenants include: Ambulatory Surgical Center, Endoscopy Center, Pediatric Group and a Physical Therapy/Wellness Group.  Close to I-287. 100% NNN leased. NOI $463K/yr. $6.35M. 7.30% cap.
9. Burger King in Galloway, NJ: 2814 SF brand new franchised drive-thru fast food restaurant on .91 ac lot in growing coastal town in Atlantic City suburbs. New 20-yrs absolute NNN lease to an experienced franchisee with 8 units. NOI $97K/yr with 10% rent bumps every 5-yrs. $1.35M. 7.25% cap.
10. Shopping Center in North Richland Hills, TX: 22,260 SF attractive shopping center in affluent Dallas suburbs (AHI $143K/yr in 1 mile). Close to Walmart supercenter and Target.  $100% leased.  NOI $440K/yr. $5.5M. 8% cap

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