02-04: Lumber Liquidators, Rite Aid, MOB Portfolio, Petco, Retail Building

1. Retail Building in Arlington, TX: 6030 SF attractive retail building constructed in 2007 on 1.22 ac lot in a fast growing and upper middle class area. Across from Tarrant County College, with over 10,000 students. 100% NNN lease to Nebraska Bookstore and Orchid City Fusion Café. NOI $110K/yr. $1.288M. 8.59% cap.
2. Lumber Liquidators in Rock Hill, SC: 6400 SF attractive single tenant retail building on 1.38 ac lot at a signalized corner location in Charlotte suburbs. Outparcel to shopping center anchored by Compare Foods Supermarket, Dollar General and Planet Fitness. New 7-yrs NNN corp lease. NOI $88K/yr with a rent bump in year 6. $1.215M. 7.24% cap.
3. MOB in Lake Mary, FL: 4634 SF Class-A single tenant medical office building in growing and high income (AHI $93K/yr) Orlando suburbs. 100% NNN lease with 4-yrs left to Lake Mary Surgical Center, the second-largest and fastest-growing independent operator in the nation. 8% cap. Price Not Disclosed.
4. Rite Aid in Hendersonville, NC: 10,908 SF double drive-thru pharmacy built in 1997 on 1.51 ac lot at a 3-way signalized intersection. Close to 138-bed Margaret R. Pardee Memorial Hospital. 100% absolute NNN lease with 3-yrs left. NOI $284K/yr. $3.352M. 8.50% cap.
5. MOB in Prescott, AZ: 6244 SF Class-A single tenant medical office building on .70 ac lot in a fast growing middle-class area. Seller to lease back at close of escrow.. 100% leased. NOI $92K/yr. $1.25M. 7.40% cap.
6. Petco in Vernon Hills, IL: 22,000 SF retail building part on a major shopping center with Walmart, Toys R Us and OfficeMax in affluent (AHI $120K/yr in 5 mile ring) Chicago metro. Across from Westfield Hawthorn Mall. 100% NNN lease with 3-yrs left. NOI $483K/yr. 5.95M. 8.13% cap.
7. Mixed-use in Delray Beach, FL: 46,623 SF retail/office center on 4.54 ac lot in Coral Springs suburbs. 7% cap. Price Not Disclosed.
8. MOB Portfolio: 33,472 SF of properties consisting of four well maintained medical buildings two in FL, one in OH and one in MI.100% NNN leased with 5-yrs left. NOI $720K/yr. $9M. 8% cap.

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