05-23: Tuffy Auto Service, Red Robin, MOB, Neighborhood Center

1. Shopping Center in Round Lake Beach, IL: newly constructed shopping center consisting of 7516 SF Firestone on 20 yrs ground lease and 14,086 SF retail center anchored by Chipotle, Starbucks and T-Mobile and across from Round Lake Beach Metra Train Station. At signalized intersection along Route-83 in well-off Chicago metro. 100% NNN leased. NOI $472K/yr. $6.285M. 7.51% cap. 
2. Tuffy Auto Service Center in Hammond, IN: 6160 SF auto service center at a signalized intersection in densely populated Chicago metro. 20 yrs NNN lease with 10 yrs left to Tuffy Auto, a regional tenant. NOI $100K/yr. with 1.75% annual rent increases. $1M. 10.03% cap. 
3. Red Robin in Florence, KY: 5600 SF Red Robin restaurant built in 2009 on 1.67 ac lot close to St. Luke Hospital West, Florence Mall and I-75 in fast growing Cincinnati suburbs. 100% absolute NNN ground lease with 13+ yrs left. NOI $118K/yr. with 10% rent bumps every 5 yrs. Next increase in 2/15. $1.815M. 6.50% cap. 
4. Retail Center in Cary, NC: 17,000 SF well-maintained nine units retail center on 1.69 ac corner lot in high income Raleigh metro. 92% NNN leased with only 1 vacant unit. NOI $192K/yr. $2.329M. 8.25% cap. 
5. Neighborhood Center in Hollywood, FL: 37,802 SF prestigious shopping center built in 1992 on 3.57 acres lot anchored by Walgreens next to Broward County Southern Regional Courthouse. 95% leased to credit and stable tenants. NOI $743K/yr. $10M. 7.43% cap. 
6. MOB in Plantation, FL: 13,556 SF Class-B medical office building constructed in 1990 anchored by DaVita Dialysis (NYSE: DVA) and LabCorp (NYSE: LH).  Near Westside Regional Hospital in Fort Lauderdale suburbs. $3.45M. NOI/Cap not provided. 
7. Retail Center in Knoxville, TN: 10,836 SF retail center built in 2007 at busy thoroughfare with good local tenant mix. 71% leased.  $1.2M. NOI/Cap not provided. 
8. Office Building in Westminster, CO: 42,533 SF multi-story office building between Westminster Mall and Costco in upper middle-class Denver suburbs. 80% leased. NOI $285K/yr. $3.565M. 8% cap. Upside potential.

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