08-31: Arbys, Jiffy Lube, Walgreens, MOB, Best Western

1. Arbys in Fort Worth, TX: 3040 SF restaurant built in 2009 on .8 ac outparcel to Target in high income area (AHI $94K/yr in 1 mile).  20 yrs NNN lease till 2029 with corp guaranty.  NOI $159K/yr.  with rent bumps every 5yrs.  $2.275M. 7% cap.  
2. Jiffy Lube in Las Vegas, NV: 4075 SF Jiffy Lube built in 2006 on .48 ac lot in high growth (991% since 2000), high income (AHI $87K/yr) area.  100% absolute NNN lease till 2026 to an operator with almost 500 locations.  NOI $125K/yr. $1.795M. 7% cap.  
3. Walgreens in Marina Del Rey, CA: 11,209 SF drug store on .48 ac lot in densely populated & affluent coastal city.  20 yrs NNN- lease with 12 yrs left.  NOI $653K/yr. $10.883M. 6% cap. 
4. MOB in Katy, TX: 29,367 SF class-A 2-story medical office building on 2.86 ac lot directly adjacent to Christus St. Catherine Hospital in affluent Houston suburbs (AHI $158K/yr in 1 mile).  Easy access to I-10.  100% leased.  7.5% cap.  Unpriced but listing broker expects to sell between $4.6-5M.  
5. Best Western Hotel in Tolleson, AZ: 60 room hotel near I-10 exit.  Being converted to Best Western.  Amenities include swimming pool and spa, fitness center, business office center, breakfast area and meeting room.  NOI $360K/yr. $3.6M. 10% cap.

© Transmercial 2012