04-13: Retail Center, Pet Resort, MOB

1. Retail Center in Burlington, WA: 17,569 SF retail center built in 2006 on 1.47 ac lot in a growing town North of Seattle. Adjacent to Cascade Mall, with AMC Theaters, Macy’s and JCPenney. With easy access to I-5.  93% NNN leased with good tenant mix including, DaVita Dialysis and Weight Watchers. NOI $254K/yr. $3.56M. 7.15% cap. Note: Flyer not available full brochure upon request.
2. Retail Building in El Paso, TX: 11,830 SF well maintained retail building on .40 ac lot at a signalized corner location. 100% leased to Dollar Tree and Bryant’s Market. NOI $123K/yr. $1.83M. 6.75% cap.
3. Strip Center in Orlando, FL: 12,778 SF attractive retail center built in 2001 on 1.30 ac lot at a busy thoroughfare and in high income area with an AHI of $83K/yr in 1 mile. Adjacent to Publix Grocery center. 100% NNN leased. NOI $214K/yr. $2.952M. 7.25% cap.
4. Retail Center in Branchburg, NJ: 8250 SF well kept retail center on over 1 ac lot along US Route 202 in affluent (AHI $123K/yr in 3 miles) New York MSA. 100% leased. NOI $144K/yr. $2.05M. 7.06% cap.
5. Pete and Mac’s Pet Resort in Gilbert, AZ: 14,000 SF freestanding building constructed in 2006 on .84 ac corner lot in upper middle class Phoenix suburbs. 15-yrs NNN lease with 7-yrs left to successful operator. NOI $221K/yr with 2.5% annual rent increases. $2.957M. 7.50% cap.
6. Retail Building in Coram, NY: 25,000 SF retail building on 2½ ac lot along retail corridor. Good demographics: growing and high income area with an AHI of $86K/yr in a 3 mile radius. Tenants include: Benjamin Moore, The Gun Shop and King’s Pottery. NOI $166K/yr. $2.225M. 7.50% cap.
7. MOB in Berwyn, IL: 9400 SF Class-B single tenant medical office building at a signalized corner location in Chicago suburbs. Adjacent to centers with Meijer grocery, Jewel-Osco grocery, Kohl’s Toys “R” Us and Petco. Close to North Riverside Park Mall. 15-yrs NNN- lease with 14-yrs left to Oak Street Health. NOI $192K/yr with 2.5% annual rent increases. $2.75M. 7.01% cap.
8. Alexian Brothers Health System in Addison, IL: 11,200 SF Class-A single tenant 24-hrs full-service facility on 1.34 ac lot along major corridor in high income (AHI $89K/yr) Chicago suburbs. With easy access to I-355. 100% NNN lease with 3-yrs left. NOI $252K/yr. $3.45M. 7.33% cap.