09-29: NTB; MOB, Strip Centers, Retail Centers

1. Retail Center in Montgomery, AL: 18,720 SF attractive retail center built in 2007 on 2 ac lot along busy retail artery in high income (AHI $94K/yr) area. 86% NNN lased to seven tenants. NOI $245K/yr. $2.975M. 8.25% cap. Upside potential.
2. Retail Center in Joliet, IL: 13,194 SF retail center constructed in 2006 on 2 ac lot at a signalized corner location. Across from Joliet Junior College and near I-80. 100% NNN leased. NOI $258K/yr. $3.2M. 8.08% cap.
3. Office Building in Fort Worth, TX: 9508 SF Class-A multi-tenant office building constructed in 2007 in fast growing and upper middle-class area. Close to I-35W. 100% NNN leased. NOI $146K/yr. $1.949M. 7.5% cap.
4. Retail Center in Amityville, NY: 16,000 SF well maintained retail center on nearly 1 ac lot at a corner location in high income (AHI $99K/yr in 3 mile ring) coastal town in New York suburbs. 70% leased. NOI $300K/yr. $4.25M. 7.07% cap.
5. Retail Center in Warner Robins, GA: 24,549 SF retail center part of Willow Lake Crossing, a 354,050 SF Power Center with Target and Hobby Lobby. National tenants include: Mattress Firm and Hancock Fabrics. Across from 545,500 SF Galleria Mall. 100% NNN leased.  NOI $215K/yr. $3.093M. 7% cap.
6. Strip Center in Kennewick, WA: 9898 SF strip center constructed in 2004 on .86 ac lot. Adjacent to Costco and Columbia Center, a regional mall. 86% leased. Actual NOI $146K/yr. $2.09M. 7% cap.
7. MOB in Omaha, NE: 9600 SF Class-B newly constructed medical office building in growing and affluent neighborhood with an AHI of $102K/yr in 3 mile radius. Close to 77-bed Lakeside Hospital. 100% NNN leased to multiple tenants. NOI $189K/yr. $2.8M. 6.75% cap.
8. National Tire & Battery in Bloomington, MN: 7440 SF auto center on .76 ac lot at a corner location in Minneapolis suburbs. 20-yrs absolute NNN corp lease with 18-yrs left. NOI $138K/yr with 10% rent bumps every 5-yrs. $2.2M. 6.30% cap.
9. Retail Building in Apple Valley, CA: 8000 SF well maintained retail center on .41 ac lot in San Bernardino County. Adjacent to St. Mary Medical Center. 100% leased. NOI $70K/yr. $1.18M. 6% cap.
10. Retail Center in Sacramento, CA: 12,500 SF attractive retail center on nearly 1 ac lot along main corridor in upper middle-class area. 100% leased. NOI $239K/yr. $4.525M. 5.28% cap.

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