07-03: CBA, Romano's Macaroni Grill, Wendy's, Big Lots, Food 4 Less, Walgreens, Jack in the Box, MOB

1. Shopping Center in Midland, TX: 94,000 SF shopping center in growing & high income oil and gas town with AHI of $80K/yr in 1 mile. 86% leased to national, regional and local tenant. NOI $556K/yr. $7.95M. 7% cap.
2. Christian Brothers Automotive in League City, TX: 4921 automotive center built in 2011 on .96 ac lot in a fast growing upper class Houston suburbs with AHI of $92/yr. Near Home Depot, Wal-Mart Supercenter, Target and more.15 yrs absolute NNN corp lease. NOI $162K/yr with 1½% rent bumps starting in yr two. $2.237M. 7.25% cap.
3. Romano’s Macaroni Grill in Hoffman Estates, IL: 8458 SF Italian Restaurant on 1.95 ac lot near St Alexius Medical Center and I-90 in Chicago suburbs. 100% absolute NNN corp lease with 16 yrs remaining. 2% annual rent increases. $2.43M. NOI $170K/yr. 7% cap.
4. Wendy’s in Goose Creek, SC: 2310 SF Wendy’s restaurant on .99 ac lot at hard corner location next to Hwy-52. In a growing North Charleston metro, a coastal town. 20 yrs absolute NNN lease with 8+ yrs left. NOI $119K/yr with 5% rent bumps every 5 yrs. $1.25M. 9.50% cap.
5. Jack in the Box in Stockton, CA: 2343 SF drive-thru fast food restaurant on .39 ac lot just off I-5 exit. 100% NNN lease with 14 yrs left. NOI $102K/yr with 8% rent increases every 5 yrs. $1.5M. 6.84% cap.
6. Big Lots in Las Vegas, NV: 48,536 SF big box retail building constructed in 1994 on 4.39 acres of land close to I-215. 100% NNN lease with 9 yrs left. NOI $562K/yr. $6.4M. 8.80% cap.
7. Food 4 Less in Henderson, NV: 43,114 SF Food4Less grocery store built in 1991on nearly 4 acres lot at high traffic location in affluent Las Vegas neighborhood (AHI $96K/yr in 1 mile). 100% NNN leased with 9 yrs left. NOI $500K/yr. $5.53M. 9.05% cap.
8. Walgreen’s in Springfield, IL: 15,120 SF drug store on 1.85 ac lot along busy road across from Wal-Mart and Target in growing and affluent  area (AHI $104K/yr in 1 mile).  20 yrs NNN- corp lease with 7+ yrs left. NOI $418K/yr. 5.225M. 8% cap.
9. Retail Center in Columbus, OH: 13,312 SF attractive retail center on 5+ ac lot along main road with big pylon sign. 100% NNN leased. NOI $157K/yr.  $1.75M. 9% cap.
10. MOB in Chandler, AZ: 12,815 SF Class-B single-tenant medical office building constructed in 2008 close to Chandler Regional Hospital and Loop-202 in Phoenix metro. 100% NN lease to Behavioral Health Industry. NOI $246K/yr.  $3M. 8.20% cap.

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