1. Jack In the Box in Albuquerque, NM: 2800 SF fast food restaurant on 1.09 acres corner lot. Shadow anchored by Walgreens and close to Home Depot. 20 yrs NNN ground lease (land is for sale) with 18+ yrs remaining to a franchisee with 50 locations. NOI $58K/yr with 10% rent bump every 5 yrs. Only $846K. 6.85% cap.
2. Chili’s restaurant in Albuquerque, NM: 5860 SF family restaurant built in 2006 on 1.57 acres lot. Shadow anchored by Walgreens and close to Home Depot. Easy access to I-40. 15 yrs NNN corp ground lease (land is for sale) with 10 yrs remaining (building with substantial value will revert to landowner if lease is not renewed) to Brinker International (NYSE: EAT) with 1500 locations in 30 countries. NOI $90K/yr. with 10% rent bump every 5 yrs. $1.35M. 6.65% cap.
3. Bank owned Apartments in Las Vega, NV: 135-unit apartments on 3 acres lot near UNLV, Sunrise Medical Center and Las Vegas Convention Center. Amenities include two pools, covered parking, laundry facilities. 93% occupied. NOI $407K/yr. $4.75M. 8.57% cap.
4. Shopping Center in Old Hickory, TN: 39,720 SF shopping center built in 1999 in growing middle class Nashville. Anchored by 33,450 SF Food Lion Supermarket. 100% leased. NOI $365K/yr. $4.2M. 8.7% cap.
5. Jiffy Lube in Mesa, AZ: 1670 SF Jiffy Lube near Home Depot and Wal-mart. Easy access to Hwy 60. New 15 yrs NNN lease to an operator with 60 locations. NOI $96K/yr with 10% rent bump every 5 yrs. $1.13M. 8.5% cap.
6. Condo Apartments in North providence, RI: 12-unit 10,034 SF 2-story condo apartments built in 1987 in high income area. 100% occupied. NOI $79K/yr. $769K. 10% cap.
7. Shopping Center in Wilmington, NC: 44,180 SF shopping center anchored by Food Lion supermarket and Kerr Drug. NOI $369K/yr. $4.4M. 8.48% cap.
8. Shopping Center in Fairfield, CT: 28,000 SF multi-tenant shopping center near Fairfield train station in high income coastal city. 100% leased. NOI $480K/yr. $6M. 8% cap.
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