TUCSON-TNP Strategic Retail Trust Inc. has agreed to purchase Northgate Plaza Shopping Center for $8.1 million, which translates into a 9.5% cap rate.

The Irvine, CA-based non-traded REIT, which invests in grocery and drug-store anchored, multitenant necessity retail properties, will acquire the 103,500-square-foot center from Crestline Investments LLC. It will assume a $4.4 million loan for the property.

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