09-27: Panera Bread, Taco Bell, KFC, Tire Kingdom, Burling Coat Factory, O'Reilly Auto Parts, Rite Aid

1. Panera Bread in Cypress, TX: 4000 SF brand new single-tenant center on .61 ac outparcel to Lowe’s on a major commercial corridor in affluent Houston suburbs.  Surrounded by Walmart, Target, TJ Maxx, Walgreens, Target and more.  New 10 yrs NNN lease.  NOI $168K/yr. with 10% rent bumps every 5 yrs.  $2.585M. 6.5% cap.  
2. KFC in Kirkland, WA: 2630 SF restaurant remodeled in 2004 on .96 ac lot in high income Seattle metro.  New 20 yrs NNN lease to an operator with80+ units.  NOI $73K/yr. with 10%  rent bumps every 5 yrs.  $1.134M. 6.5% cap.  
3. Taco Bell in Myrtle Beach, SC: 3218 SF restaurant built in 2008 on over 1 ac lot in a coastal town.  New 20 yrs absolute NNN lease to an operator with 80+ units.  NOI $98K/yr with 10% rent bumps every 5 yrs.  $1.443M. 6.85% cap.  
4. Retail Building in Greensboro, NC: 19,153 SF newly constructed retail building on 1.42 ac lot at a hard corner location at on/off ramp I-40. Across from Walmart, Sam’s Club and near Home Depot & Target/Dick’s Sporting Goods anchored center. NOI $191K/yr. $2.25M. 8.5% cap.  
5. Neighborhood Center in Los Banos, CA: 57,481 SF center building in 2009 on 7.62 acres of land along main retail corridor in San Joaquin Valley.  Shadow-anchored by Target & next to Walmart. 100% NNN leased to mostly national tenants including: Petco, Starbucks, Famous Footwear, GNC Livewell.  NOI $1.103M. $14.664M. 7.52% cap.  
6. Tire Kingdom in Tarpon Springs, FL: 5998 SF Tire Kingdom built in 2003 on ¾ ac lot in affluent Tampa suburbs (AHI $124K/yr in 1 mile).  100% NNN corp lease.  NOI $156K/yr with 2% annual rent bumps. $2.229M. 7% cap.  
7. Retail Center in Antioch, CA: 8212 SF well maintained retail building on .80 ac outparcel to a anchored shopping center and across from Somersville Town Center mall.  100% NNN leased to Bank of the West and Mountain Mike’s Pizza.  NOI $268K/yr. $3.575M. 7.5% cap.  
8. Burlington Coat Factory in Colorado Springs, CO: 81,508 SF single tenant retail  building part of Chapel Hill Mall with Macy’s, JCPenney, Sears and Dick’s Sporting Goods. Off of I-25 ramp in high income area. 100% NNN corp lease (S&P B-) with 7 yrs left. NOI $586K/yr. $6.344M. 9.25% cap.  
9. O’Reilly Auto Parts in Laveen, AZ: 7000 SF auto parts store built in 2007 on .76 ac outparcel to Walgreen’s and Dollar General anchored center and across from Walmart Supercenter in Phoenix metro. 15 yrs NNN lease with 10 yrs left. NOI $120K/yr with 10% rent increases every 5 yrs. $1.8M. 6.7% cap.  
10. Rite Aid in Virginia Beach, VA: 13,813 SF drug store on 2.29 acres lot at a hard corner location near Hwy-165. 100% absolute NNN lease with 11 yrs remaining. NOI $391K/yr. $4.6M. 8.5% cap.

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