02-21: Golden Corral, Rite Aid, Walgreen's, Advance Auto, Smart & Final, Krispy Kreme, Jack In The Box

1. Golden Corral in Pembroke Pines, FL: 10,341 SF Golden Corral Buffet Restaurant built in 2000 on 1.81 acres along busy boulevard. In growing and middle-class Fort Lauderdale. Absolute NNN leased till 2021 to the largest Golden Corral franchisee. NOI $235K/yr with annual rent increases. $2.91M. 8.10% cap.  
2. Rite Aid (S&P B-) in Renton, WA: 16,280 SF Rite Aid Pharmacy constructed in 2006 across from Safeway anchored shopping center in Seattle metro. 100% NNN- corp with 14-yrs remaining.  AHI of $92K/yr in 1 mile.  NOI $558K/yr.  $6.976M. 8% cap. Brochure upon request.  
3. Walgreen’s Pharmacy in Milford, OH: 14,820 SF Walgreen’s Pharmacy built in 2004 on 1.25 ac lot along busy retail corridor and near I-275.  Great demographics: AHI $95K/yr within 3 mile in Cincinnati suburbs. 100% absolute NNN corp leased to national tenant (S&P A+) with 17+ yrs remaining. NOI $325K/yr. $4.577M. 7.10% cap.  
4. Advance Auto Parts in Brownsville, TX: 7000 SF auto parts store built in 2005 with excellent visibility along main blvd. NNN corp leased with 8+ yrs remaining on lease. NOI $110K/yr with a 10% rent increase in 2015. $1.164M. 9.5% cap. 
5. Smart & Final in Bakersfield, CA: 20,815 SF recently remodeled grocery store built in 2001 on 2.20 acres next to Hwy-99. 15-yrs absolute NNN corp lease with 4 yrs left. NOI $310K/yr. $4.134M. 7.5% cap.  
6. Jack In The Box & Krispy Kreme in Seattle, WA: 6974 SF consisting of two free-standing drive-thru buildings on 1.4 ac at a busy retail corridor. Shadow-anchored by high-performing Lowe’s and near Northwest Hospital. 100% absolute NNN ground leases (land is for sale and tenants own the buildings) to national tenants. NOI $224K/yr. with generous 12% rent bumps every 5 yrs on both leases.  $3.3M. 6.8% cap.  
7. Shopping Center in West Valley City, UT: 22,140 SF shopping center close to Pioneer Valley Hospital and Hwy-154. 96% leased. NOI $343K/yr. $4.3M. 7.98% cap.  
8. Strip Center in Avenel, NJ: 9120 SF strip center on .71 ac lot on a main artery in wealthy (AHI $98K/yr in 1-mile) New York suburbs. 88% leased to five local tenants. NOI $119K/yr. $1.55M. 7.72% cap. 
9. Retail Building in Bedford, TX: 10,127 SF retail building on .86 ac lot with excellent visibility and near Fwy-121/183 in Dallas/Ft. Worth suburbs. 100% leased to 2 national tenants: DaVita Dialysis & Ace Cash Express. NOI $93K/yr. $899K. 10.40% cap.

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