07-20: Retail Center, Jiffy Lube, MOB

1. Retail center in Briarcliff Manor, NY: 22,755 SF multi-tenant retail center in highly affluent New York city suburbs (AHI $176K/yr in 1 mile).  90% leased to medical, and retail tenants.  NOI $334K/yr. $3.95M. 8.5% cap. 
2. Strip Mall in Las Vegas, NV: 6000 SF retail center built in 2003 on .83 ac lot in upper middle class area.  Directly across from 468,000 Square Foot Power Center Anchored by Wal-Mart Supercenter, Lowe's, PetSmart, Ross, and Office Depot. 100% NNN leased to 3 tenants.  NOI $71K/yr. $875K.  8.19% cap. 
3. Neighborhood Center in Arlington, TX: 141,958 SF neighborhood center on 1.7.8 acres lot in affluent Dallas metro (AHI $93K/yr).  Anchored by Sears, Office Depot, Connect Church, Cato Fashion and Ace Hardware. Shadow-Anchored by Albertson's. 96% NNN leased to 20 tenants with 3 small vacant units.  NOI $1.503M. $16.7M. 9% cap. 
4. Jiffy Lube in Houston, TX: 4447 SF Jiffy Lube built in 2007 on .69 ac lot in high growth area.  20 yrs absolute NNN corp lease with 15+ yrs left.  NOI $105K/yr with 10% rent bumps every 5 yrs.  $1.4M. 7.54% cap. 
5. MOB in Fanwood, NJ: 11,748 SF medical office building in an affluent (AHI $133K/yr) New York city metro.  Near train station.  NOI $154K/yr. $1.9M. 7.9% cap. 
6. Auto Service Center in Glendora, CA: 5344 SF auto service center on ½ a corner lot. 100% leased.  $1.17M.

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