07-25: Jack in the Box, KFC, Fresenius, Family Dollar, Captain D's, Tire Works, O'Reilly

1. Jack in the Box in Redding, CA: 2400 SF drive-thru fast food restaurant built in 2000 on .87 ac outparcel to AM/PM and Arco gas station. In growing middle class city in Northern CA. 18-yrs absolute NNN corp lease with 6 yrs left. NOI $117K/yr with 10% rent increases every 5 yrs. $1.809M. 6.5% cap.
2. KFC in Silverdale, WA: 2242 SF KFC built in 1990 & recently remodeled on .68 ac outparcel to 100+ stores Kitsap Mall in Seattle metro. 30 yrs absolute NNN lease with 19 yrs left to an operator with 6 locations.  NOI $89K/yr.  $1.372M. 6.50% cap.
3. Fresenius in Brandon, MS: 6671 SF expanded dialysis center built in 1995 on .66 ac lot close to I-20 in high income (AHI $88K/yr)Jackson suburbs. Near Crossgates River Oak Hospital. 10 yrs NNN lease with 5 yrs left. Tenant has been at this location since 2002. NOI $73K/yr. $899K. 8.15% cap.
4. Family Dollar in Tampa, FL: 10,000 SF retail building constructed in 2003 close to I-275. Across from Tampa Greyhound Track: one of the largest dog tracks in the country. New 10 yrs NNN-  corp lease. Tenant has been at this location since 2003. NOI $88K/yr. $1.074M. 8.25% cap.
5. Retail Center in Blaine, MN: 10,034 SF attractive retail center built in 2005 next to Northtown Mall and close to Hwy 610/10 in St Paul suburbs. 100% leased to national tenants. NOI $280K/yr. $3.7M. 8.54% cap.
6. Captain D’s Seafood in Louisville, KY: 2510 SF recently upgraded interior/exterior restaurant on .63 ac lot at busy corridor close to I-265. 20 yrs NNN lease with 10+ yrs left. NOI $67K/yr with a 10% rent increase is 2018.
7. Tire Works in Las Vegas, NV: 6232 SF newly constructed auto repair center on .63 ac lot in fast growing (1,182% pop growth since 2000) and high income area. 100% NNN lease with 11 yrs left. NOI $199K/yr with 12% rent increases every 5 yrs. $2.664M. 7.50% cap.
8. Retail Center in Indianapolis, IN: 8844 SF retail center built in 2007 on nearly 1 ac lot at a signalized intersection. Across from Southern Plaza anchored by Kroger, Office Depot and Family Dollar. Close to University of Indianapolis and I-465/74. 100% leased to FedEx Office, Aspen Dental, AT&T and SunTan City. NOI $259K/yr. $3.346M. 7.75% cap.
9. O’Reilly Auto Parts in Pleasant Grove, UT: 7000 SF auto parts store built in 2004 on .69 ac lot in growing city just South of Salt Lake City. Facing Hwy-89. Close to Wal-Mart and University Mall. 20 yrs NNN corp lease with 7 yrs left. NOI $115K/yr with 10% rent increase in 2015. $1.711M. 6.75% cap.

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