07-12: Napa Auto Parts, Walgreen's, Burger King, Office Building, Community Center for sale

1.     Napa Auto Parts in Lakewood, CO: 22,166 SF auto parts store renovated in 2008 in densely populated and middle-class Denver area. NNN- corp lease till 2021. NOI $135K/yr with 10% rent bumps every 5-years. $1.862M. 7.25% Cap.

2.     Walgreen’s in Colorado Springs, CO: 15,120 SF drug store built in 2000 at a signalized intersection. Well performing store currently paying low rent. 100% NNN- corporate lease till 2020. NOI $423K/yr. $5.464M. 7.75% Cap.

3.     Burger King in Colorado Springs, CO: 3267 SF fast-food restaurant across from Chapell Hill Mall near I-25 in affluent area. Absolute NNN lease with 8-yrs remaining on lease. Guaranteed by one of the largest franchisees in CO. NOI $92K/yr with 5% rent increase in 2014. $1.157M. 8% Cap.  

4.     Retail Center in Irving, TX: 11,200 SF retail center on over 1 ac lot at prime retail location close to I-635/Hwy-14. 74% leased. NOI $133K/yr. $1.650M. 8.10% Actual Cap. Upside Potential.

5.     Strip Center in Wauconda, IL: 10,000 SF strip center built in 2007 in growing well-off (AHI $111K/yr) Chicago metro. 100% leased by 4-tenants. NOI $202K/yr. $2.250M. 9% Cap.

6.     Shopping Center in Glendale, AZ: 91,563 SF well-maintained shopping center on 7.18 acres lot at a busy signalized intersection. Anchored by Big Lots. 93% leased. NOI $769K/yr. $8.995M. 8.52% Cap. Upside potential when fully occupied.

7.     Office Building in American Folk, UT: 11,736 SF attractive 4-year old multi-tenant office building in fast growing middle-class South of Salt Lake City suburbs. 100% NNN leased. NOI $105K/yr. $1.2M. 8% Cap.

8.     Shopping Center in Shakopee, MN: 51,863 SF shopping center on 5.94 acres parcel. Anchored by Goodwill and Dollar General with easy access to Hwy-169 in Minneapolis suburbs. 88% NNN leased. NOI $348K/yr. $4.250M. 8.20% Cap.

9.     Strip Center in Austin, TX: 14,717 SF brick/stone strip center built in 2004 on 2.48 ac lot just off of Hwy-183. 82% leased. NOI $272K/yr. $3.150M. 8.70% Pro Forma Cap.

10.  Community Center in Conroe, TX: 112,169 SF center with excellent visibility minutes from I-45 in Houston metro. 89% leased. NOI $642K/yr. $7.140M. 9% Cap. 

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