07-19: Jiffy Lube, Kroger, Arby's, MOB

1. Retail Center in Bellevue, WI: brand new 9,200 SF retail center on 2+ ac outparcel to Target and Copps Foods in high income Green Bay. Close to I-43 and Hwy-172. 100% NNN pre leased to Verizon Wireless, Sport Clips, GNC and GameStop. One vacant unit under LOI. NOI $210K/yr. $2.7M. 7.80% cap.
2. Jiffy Lube in Spring, TX: 4155 SF Jiffy Lube auto center built in 2007 on .93 ac lot in growing and high income Houston suburbs. 100% absolute NNN corp lease with 15+ left. NOI $105K/yr with 10% rent bumps every 5 yrs. $1.4M. 7.54% cap.
3. Jiffy Lube in Grand Prairie, TX: 4447 SF Jiffy Lube auto center built in 2007 on .57 ac lot in growing and high income Dallas/Fort Worth suburbs. Across from major center anchored by The Home Depot, Target, Ross Dress for Less, 24-hr Fitness and Petco. 100% absolute NNN corp lease with 15+ left. NOI $139K/yr with 10% rent bumps every 5 yrs. $1.85M. 7.55% cap.
4. Kroger Food & Drugs in Indianapolis, NI: 60,000 SF 24 hour supermarket built in 1993 on 6+ acres lot at strong retail corridor near I-74/I-465. 100% absolute NNN lease with 6+ yrs left. NOI $332K/yr. $4.155M. 8% cap.
5. Retail Buildings in Des Plaines, IL: 34,267 SF attractive retail buildings built in 2008 on 3.46 ac lot at prime retail location. 96% leased to 11 tenants. NOI $608K/yr. $7.16M. 8.50% cap.
6. Neighborhood Center in Santa Maria, CA: 97,555 SF retail center constructed in 1996 on 7.52 acres of land anchored by FoodMaxx supermarket, CVS pharmacy and Factory 2-U. ¼ mile from the on/off ramp Hwy-101 in Santa Barbara county. 95% NNN leased. NOI $1.183M/yr. $15.775M. 7.50% cap.
7. MOB in Houston, TX: 21,600 SF Class-B medical office complex built in 2006 on 2.77 ac lot. Tenants include 5,121 SF Texas Children Pediatrics, ABC Dental, Dr. Austin, Cullen Pharmacy, Dr. Brown OB/GYN, Winter & Associates. 100% NNN leased to 7 medical tenants. NOI $338K/yr. $3.4M. 9.96% cap.
8. Strip Center in Murrieta, CA: 5295 SF strip center built in 2005 on .77 ac lot at strong retail corridor with easy access to I-15 in high income and fast growing Riverside County. Across from Walmart, Best Buy and Home Depot. 100% leased to 5 tenants. NOI $107K/yr. $1.4M. 7.68% cap.
9. Arby’s in Fraser, MI: 3297 SF drive thru Arby’s restaurant built in 2000 on 1.76 ac lot next to Meijer Superstore in Detroit suburbs. 100% absolute NNN corp lease with 9 yrs left. NOI $134K/yr with 2% annual rent increases. $1.585M. 8.50% cap.
10. Office Buildings in Carmichael, CA: 18,875 SF well maintained office buildings on 1.42 ac lot in middle class Sacramento metro. 81% leased. NOI $110K/yr. $1.3M. 8.53% cap. Upside potential when fully leased.

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