09-21: LA Fitness, Burger King, Jack in Box, Walgreens, Hooters, Strip Centers For Sale

1. LA Fitness in Arlington, TX: 45,044 SF single-tenant retail building next to Home Depot and ¼ mile from the Cowboys Stadium located off of I-30. 100% NNN corp lease with 11-years remaining on original lease. NOI $697K/yr. $7.750M. 9% Cap.
2. Burger King in La Mirada, CA: 3068 SF free-standing Burger King on an outparcel to Stater Brothers anchored center in Southern CA.  Across the street from Kindred Hospital La Mirada. 100% NNN leased. Excellent demographics: high income (AHI $90K/yr) with 500K residents within 5 miles.  NOI $120K/yr. $1.995M. 6.01% Cap.
3. Shopping Center in Vista, CA: 30,000 SF mature & well-maintained shopping center on 2.43 acres of land at busy corner location in middle-class San Diego suburbs.  NOI 316K/yr (Proforma?) $3M.  10.5% cap (probably profoma). Just $100/SF.
4. Jack in the Box in Las Vegas, NV: 2,685 SF Jack in the Box restaurant on ¾ ac lot built  in 1998 next to 550,000 SF Power Center with Target, Office Depot, Big Lots and more at busy retail corridor ½ mile from I-15. Fast growing area (123% since 2000). 100% absolute NNN corp ground lease till 2016. NOI $123K/yr. $1.455M. 8.5% Cap.
5. Strip Center in Aurora, CO: 3516 SF newly constructed multi-tenant strip center shadow-anchored by Target/Petsmart/Office Max/Walgreens in fast growing (957.89%) affluent (AHI $119K/yr) Denver metro. 100% NNN leased to Starbucks & a local Jeweler. NOI $105K/yr. $1.350M. 7.8% Cap.
6. Walgreen’s Pharmacy in Bloomingdale, IL: 15,120 SF Walgreen’s Pharmacy built in 2001 on over 2 acres of land at signalized intersection close to I-355 in fast growing & high income (AHI $93K/yr) Chicago suburbs. 100% absolute NNN leased till 2021. NOI $339K/yr. $4.387M. 7.75% Cap.   
7. Retail Center in Aurora, IL: 4522 SF attractive retail center built in 1999 anchored by H&R Block and Pay Day Loan. NNN leased. NOI $73K/yr. $850K. 8.69% Cap.
8. Shopping Center in Houston, TX: 12,560 SF shopping center built in 2004 with excellent tenant mix: E-Z Money, Noodle House, Hair Salon, Medical Office, Meat Market, and Furniture Store. 100% NNN leased. NOI $172K/yr. $1.895M. 9.11% Cap.
9. Hooters Restaurant in Lakeland, FL: 4623 SF single-tenant restaurant outparcel to recently expanded Super Walmart at signalized corner location. 100% absolute NNN lease. Fixed rent increases every 5-years. NOI $171K/yr. $2.142M. 8% Cap.

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