12-23: Rite Aid, Just Fitness, Office Buildings, Retail Buildings

1. Retail Building in Rancho Cordova, CA: 23,640 SF well maintained retail building on over 3 ac lot along major retail artery. Part of Zinfandel Square Center with Target, Ross Dress for Less, 99 Cents Only and more. Tenants include: Grocery Outlet, a regional grocery chain and Wood Furniture Store. NOI $244K/yr. $4.05M. 6% cap.
2. Rite Aid in Rex, GA: 8640 SF drive-thru pharmacy constructed in 1994 on 1 ac lot at a hard corner location in growing Atlanta metro. On an off/on ramp of I-675. Brand new rood has been installed. Recently extended NN corp lease with 5-yrs left. NOI $120K/yr. $1.457M. 8.25% cap.
3. MOB in La Canada Flintridge, CA: 18,643 SF well kept multitenant office building on .61 ac lot in affluent Los Angeles County with an AHI of $143K/yr in a 1 mile ring. With easy access to I-210 and 158-bed USC Verdugo Hills Hospital.  100% leased. NOI $355K/yr. $6.2M. 5.74% cap.
4. Just Fitness in Carrolton, TX: 17,373 SF fitness center on 1 ac lot in a growing and affluent Dallas suburbs with an AHI of $95K/yr in 1 mile. Across from Kohl’s and adjacent to Kroger Grocery Center. 100% NN leased with 6-yrs left to Just Fitness 4 U with 7 locations. NOI $165K/yr. $2.2M. 7.50% cap.
5. Office Building San Jose, CA: 11,688 SF attractive office building on .69 ac lot along major thoroughfare in high income Silicon Valley. Easy access to Hwy-101 & I-880. $2.485M.
6. Retail Building in Williston Park, NY: 13,000 SF attractive retail building in affluent (AHI $120K/yr in 3 miles) New York suburbs. 100% NN leased to four tenants. NOI $249K/yr. $3.9M. 6.39% cap.

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