01-22: Professional Plaza, Shopping Centers, Retail Buildings

1. Retail Center in McDonough, GA: 20,053 SF attractive retail center built in 2005 on 1.75 ac lot in growing upper middle class Atlanta suburbs. Close to I-75. Tenants include: Firehouse Subs , Cricket Wireless and other established tenants. NOI $338K/yr. $4.1M. 8.25% cap.
2. Retail Center in Fort Worth, TX: 15,073 SF retail center completed in 2004 on 1.41 ac lot. Across from 225,000 SF Chapel Hill Center, with upscale restaurants including World Market, James Avery Craftsman, Mi Cocina and Buttons. With easy access to I-30. 100% NNN leased. NOI $356K/yr. $4.6M. 7.75% cap.
3. Strip Center in Schaumburg, IL: 9600 SF well maintained strip center along major artery in Chicago suburbs. Close to Woodfield Mall and I-290. 100% leased. Pro forma NOI $156K/yr. $1.95M. 8% pro forma cap.
4. Retail Center in Katy, TX: 11,921 SF attractive retail center built in 2003 on over 1 ac lot in a fast growing (120% pop growth) and affluent (AHI $150K/yr in 1 mile) Houston suburbs. Next to Walgreens and across from Kroger grocery center. 100% NNN leased to nine tenants. NOI $240K/yr. $3.2M. 7.50% cap.
5. Professional Plaza in Mesa, AZ: 21,396 SF Class-B multitenant office building on 1.86 ac lot. Near Banner Desert Medical Center, Fiesta Mall and Hwy-60. 90% leased. NOI $170K/yr. $2.3M. 7.40% cap.
6. Shopping Center in Carrollton, TX: 31,611 SF shopping center built in 2002 on 4.32 ac lot in growing Fort Worth/Dallas metro. Tenants include: Villa Mediterranean Grill, Carrollton PMT Center, Corporate Caterers, Allstate Insurance, Two Men Music, US Healthworks, The Daiquiri Shoppe, Big Slick Poker Academy, and Renegade Classics DFW. 94% NN leased. NOI $378K/yr. $4.1M. 9.23% cap.
7. Retail Center in Algonquin, IL: 18,913 SF attractive retail center constructed in 2008 on over 2 ac lot in growing and upper middle class Chicago suburbs. NOI $232K/yr. $2.9M. 8% cap.
8. Strip Center in Poughkeepsie, NY: 7033 SF eye-catching strip center on 1.37 ac lot along main artery in New York MSA. Credit tenants include: Starbucks and Panera Bread.100% NN leased to three tenants. NOI $172K/yr. $2.379M. 7.25% cap.

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