08-06: Tires Plus, Chuck E Cheese's, MOB, Neighborhood Centers

1. Shopping Center in Indianapolis, IN: 23,340 SF shopping center built in 2000 on 1.80 ac lot at a hard corner location. Close to Lafayette Square, Westview Hospital and I-65. 81% leased to Advance America, Bell Appliance Parts, Beyond Tech, El Parral and three local professional tenants. NOI $126K/yr. $1.325M. 9.51% cap. Upside potential.
2. Tires Plus in Jacksonville, FL: 5216 SF car care center on .68 ac lot at a high traffic location. Near Regency Square Mall and Hwy-9A. 100% NNN lease with 6 yrs left to Bridgestone. NOI $149K/yr. $1.75M. 8.54% cap.
3. Retail Center in Jackson, TN: 13,176 SF retail center built in 2001 on 1.70 ac lot at a hard corner location off Hwy-45 and easy access to I-40. Tenants include: Starbucks Coffee, Baskin Robbins, Edward Jone’s, WeightWatchers, Happy Nails, Mam’selle, Madison Men and United Steaks.  Across from Wal-Mart and Sam’s Club. 100% leased. NOI $268K/yr. $3.469M. 7.75% cap.
4. Retail Building in Buford, GA: 4500 SF well maintained retail building on .46 ac outparcel to a redeveloped 164,000 SF center in Atlanta metro. 100% NNN lease by two tenants: Wings & Philly and 39 Cent Card and Bargain Store. NOI $62K/yr. $746K. $8.38% cap.
5. Office Building in Brentwood, TN: 40,049 SF four story high quality constructed office building built in 1995 on 2.56 ac lot in affluent (AHI $183K/yr within 1 mile) Nashville suburbs. 100% leased to six high quality tenants. NOI $484K/yr. $5.7M. 8.50% cap.
6. Chuck E Cheese’s in Brookfield, WI: 19,800 SF Chuck E. Cheese at main retail corridor and near I-94 in prosperous Milwaukee suburbs with an AHI of $139K/yr in 1 mile.  25 yrs NNN- corp lease with 11 yrs remaining.  Tenant has been here since 1988.  NOI $298K/yr. $4.26M. 7% cap.
7. Shopping Center in Red Oak, TX: 42,730 SF shopping center built in 2006 on 3+ ac lot in fast growing middle class Dallas metro. Across from Red Oaks new High School.  85% leased. NOI $411K/yr. $4.95M. 8.31% cap.
8. MOB in Goose Creek, SC: 6850 SF Class-B medical building on .90 ac lot in a growing North Charleston metro, a coastal town. 75% leased to Crowfield Spine Center and Charleston ENT. 75% leased with only 1,700 SF vacant unit. NOI $102K/yr.   $1.2M. 8.5% cap.
9. Neighborhood Center in Grayson, GA: 33,125 SF shopping center built in 2007 on 12 ac of land anchored by Bodyplex Fitness. Along Loganville Hwy in fast growing and high income Atlanta suburbs. 96% leased. NOI $524K/yr. $6.125M. 8.50% cap.

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