09-18: Carinos Italian Grill, Earth Fare Supermarket, CVS, Advance Auto Parts, Fresenius, DaVita, Value Village

1. Carino’s Italian Grill in Katy, TX: 5349 SF Italian restaurant remodeled in 2007 on 1.47 ac lot in fast growing Houston suburbs. At a hard corner location along I-10. 15 yrs absolute NNN l corp lease with 4 yrs left to Carino’s with 170 locations.  NOI $129K/yr with percentage rent. Store with strong sales revenue of $2.89M/yr. $1.667M. 7.75% cap.
2. Retail Center in Eau Claire, WI: 15,183 SF attractive retail center on 2.22 ac outparcel to Festival Foods grocery. Close to Oakwood Mall and Hwy-93/53. Tenants include: Famous Dave's, Northwestern Bank, Little Caesars, Clearwater Chiropractic, Scottrade Inc., and Weight Watchers. 100% NNN leased. NOI $231K/yr. $3M. 7.71% Cap.
3. Earth Fare Supermarket in Huntersville, NC: 24,989 SF attractive single tenant building constructed in 2011 on 3+ ac lot in affluent (AHI $105K/yr) Charlotte suburbs. Near Presbyterian Hospital and I-77. 100% NNN lease with 19 yrs left to one of the largest natural and organic food retailers in the nation. NOI $393K/yr with $.50/SF every 5 yrs. $5.428M. 7.25% cap.
4. DaVita in Valparaiso, IN: 6316 SF DaVita Dialysis center close to Porter Valparaiso Hospital in growing Porter county. 10 yrs NNN lease with 7 yrs left. NOI $124K/yr. $1.512M. 8.25% cap.
5. Retail Center in Memphis, TN: 17,150 SF well maintained retail center built in 2004 on 1.60 ac lot adjacent to Walgreens. All tenants face main road. 85% leased with good tenant mix. NOI $189K/yr. $2M. 9.45% cap. Upside potential.
6. CVS in Lawrenceville, GA: 10,125 SF CVS Pharmacy at a hard corner location in front  of Discover Mills Mall and I-85 in affluent Atlanta metro (AHI $92K/yr in 1 mile). 100% NNN ground lease (land is for sale, tenant owns the building). NOI $148K/yr. $2.126M. 7% cap.
7. Advance Auto Parts in Kenosha, WI: 7000 SF Advance Auto Parts on 2.38 ac lot adjacent to new Walgreens. Tenant has been at this location since 2004. 15 yrs NNN lease with 7+ yrs left. NOI $98K/yr. $1.268M. 7.75% cap.
8. Fresenius Medical Center in Baytown, TX: 7194 SF brand new dialysis center on over 1 ac lot across from San Jacinto Regional Mall and near San Jacinto Methodist Hospital.  High income area in Houston suburbs. 12 yrs NNN- corp lease. NOI $126K/yr with 12% rent bump in yr 7. $1.742M. 7.25% cap.
9. Value Village in Burien, WA: 22,500 SF discount store on 1.61 ac lot in Seattle suburbs. Across from 92,000 SF center anchored by Albertsons and Trader Joes. Close to Hwy-509. 100% NNN lease with 7 yrs left. NOI $208K/yr with a rent increase in 2014. $2.45M. 8.49% cap.
10.  Shopping Center in Jacksonville, FL: 35,200 SF shopping center built in 2000 on 2+ ac lot along main retail corridor and near Hwy-9A. Across from Florida State College-South. 100% NNN leased. NOI $350K/yr. $4.125M. 8.5% cap.

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