08-01: The Home Depot, Pizza Hut & Wing Stop, MOB

1. Retail Center in Clive, IA: 19,915 SF recently renovated retail center close to I-35/80 in high income (AHI $103K/yr within 3 miles) Des Moines suburbs. Across from Valley West Mall. 81% NN leased. NOI $232K/yr. $2.85M. 8.16% cap.
2. MOB in Bettendorf, IA: 39,899 SF medical office building constructed in 1996 on nearly 4 acres of land near I-74 in upper middle class area. Near four main regional Hospital campuses. 92% NNN lease to Genesis Health Systems (Moody’s A1) with 7 yrs left. Tenant has been here since 1996.  NOI $542K/yr. $6.1M. 8.93% cap.
3. Retail Center in Stockton, CA: 28,914 SF newly constructed two tenant retail center as part of a power center. Co-tenants: Pier 1, Smart & Final, TJ Maxx, Toy’s R Us, Mancini’s Sleep World and Sketchers. 100% NNN corp leased to Michaels & Anna’s Linens. NOI $505K/yr. $6.975M. 7.25% cap.
4. Home Depot in San Jose, CA: 1222,265 SF Home Depot built in 1997 on 11.45 acres lot  next to Hwy-87 in prime commercial corridor in high income Silicon Valley (AHI $97K/yr). Area with high barrier to entry. 25 yrs absolute NNN corp ground lease with 22 yrs left. NOI $561K/yr with 10% rent bumps every 5 yrs. Price not disclosed.
5. Shopping Center in Lockport, IL: 19,180 SF shopping center built in 2008 on 5½ ac lot anchored by Fresenius in high income Chicago suburbs. New lighted intersection scheduled in front of the center by Fall 2012. 100% leased 5 tenants. NOI $270K/yr. $2.7M. 10% cap. 
6. Pizza Hut & Wing Stop in Brandon, MS: 3559 SF fast food restaurant at busy retail corridor. Across from Crossgates River Oakes Hospital and near I-20 in Jackson metro. 100% NNN corp lease with 9 yrs left. NOI $107K/yr with a 5% rent increase in 2016. $1.43M. 7.50% cap.
7. Retail Building in Avondale, AZ: 2640 SF in-line retail building built in 2008 on .32 ac lot next to Fresh & Easy Market. 100% leased to Little Caesar’s Pizza and Edward D. Jones Investments. NOI $59K/yr. $675K. 8.80% cap. Great for first time investors.
8. Retail Center in Reno, NV: 15,315 SF retail center on 1.36 ac lot at hard corner location. Across from Park Lane Mall. 96% NNN leased. NOI $101K/yr. $1.1M. 10% cap.
9. Retail Center in Columbus, GA: 7760 SF retail center built in 2002 on 1 ac lot at main retail location close to Hwy-80/22 and I-185 in high income area. Adjacent to Bradley Park Crossing center with Publix, Target, PetSmart, Michael’s and more.100% NNN leased. NOI $135K/yr.$1.695M. 8% cap. 

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