12-10: Day Care Center, Applebee's, Hooter's For Sale

AHI: Avg. Household Income

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Day Care Facility in Petaluma, CA: 7424 SF day care facility constructed in 2000 on 1.38 acres of parcel in well-off neighborhood (AHI $90K/yr within 3-miles radius) just 17-miles South of Santa Rosa.  Easy access to Hwy-101. 100% NNN leased (just signed 5 yrs renewal) to KinderCare Learning Center. NOI $120K/yr. $1.415M. 8.5% Cap.
2. Apartments in Canoga Park, CA: 15-units story well-maintained multi-family building close to parks, shopping centers and hospital in densely populated Los Angeles. NOI $84K/yr. $1.2M. 7% Cap.
3. Shopping Center in Lancaster, CA: 60,113 SF shopping center consisting of 3 parcels built in 2000 on 5.27 acres of land at a signalized intersection. Anchored by CVS-Pharmacy & Dollar Tree. 90% leased. Pro forma NOI $868K/yr.  Un-priced.
4. Applebee’s Restaurant in Longview, TX: 5529 SF free-standing retail building conveniently located across from 650,000 SF Longview Mall anchored by JCPenny, Sears, Bealls, and Dillard’s. Long-term absolute NNN lease with 2% annual rent increases. NOI $171K/yr. $2.020M. 8.5% Cap.
5. Hooters in Phoenix, AZ: 6207 SF single-tenant fully remodeled Hooters Restaurant outparcel to Desert Sky Mall. 20-years NNN lease. NOI $150K/yr. With 10% rent bump every 5-years. 2M. 7.5% Cap.    

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