10-04: Bridgestone-Firestone, Walgreens, BJ's Wholesale Club, Rite Aid

1. Bridgestone-Firestone in Frisco, TX: 7653 auto care center on 1+ ac lot in fast growing and affluent (AHI $139K/yr within 1 mile) Dallas metro. Across from Kroger anchored center. 15 yrs NNN- lease with 9 yrs left. NOI $196K/yr with 6% rent increase in 2016. $2.55M. 7.72% cap.
2. Retail Center in Lewisville, TX: 15,000 SF retail center on 1.55 ac lot in growing Dallas metro. At main entrance to Lakepointe Towne Crossing: a specialty center anchored by Super Target. Near Vista Ridge Mall and easy access to I-35E. 90% NNN leased. NOI $306K/yr. $3.4M. 9% cap.
3. Retail Center in Topeka, KS: 19,600 SF 5 yrs old L-shaped retail center with big monument signage  in high income (AHI $96K/yr in 1 mile) area. 100% NNN leased to mostly long term tenants. NOI $204K/yr. $2.15M. 9.50% cap.
4. Retail Center in Alpharetta, GA: 23,745 SF well maintained upscale retail center built in 1999 at a signalized intersection of Hwy-120 in Atlanta suburbs. Excellent demographics: 38.36% growth since 2000 and AHI $124K/yr in 3 miles. 94% NNN leased. NOI $447K/yr. $5.9M. 7.59% cap.
5. Retail Center in Vancouver, WA: 21,318 SF 2-building retail center built in 1994 on nearly 4 acres of land at main retail corridor and near I-205. 100% NNN leased to Grocery Outlet and Dutch Bros Coffee. NOI $292K/yr. $3.9M. 7.50% cap.
6. Neighborhood Center in Duluth, MN: 35,591 SF retail center renovated in 2011 next to OfficeMax, Pier 1 Imports and PETCO anchored center. Across from Miller Hill Mall and The Home Depot.  100% NNN leased to credit tenants: Bed, Bath & Beyond, Buffalo Wild Wings and Home Choice. NOI $366K/yr. $4.664M. 7.85% cap.
7. Walgreens in Chicago, IL: 13,980 SF drug store built in 2003 on .95 ac lot at six lane signalized intersection. In densely populated with over 600,000 residents in 5 miles. Area with high barrier to entry. 100% NNN corp lease with 11 yrs left. NOI $409K/yr. $5.685M. 7.20% cap.
8. Strip Center in Stockton, CA: 6564 SF strip center on 1+ ac outparcel to Burlington Coat Factory. Across from The Home Depot, Lowe’s and Wal-Mart. 64% leased. NOI $9K/yr. $850K. 10.68%. Upside potential. 
9. BJ’s Wholesale Club in Jacksonville, FL: 119,598 SF big box retail building constructed in 2005 on 11+ acres of land adjacent to Lowe’s at Hwy-1. Directly Across from 352,000-Square Foot Distribution Center for Southeast Toyota. 100% NNN corp lease to BJ Wholesale Club, a regional chain with 190 locations. NOI $1.258M/yr with rent increases every 5 yrs. $16.89M. 7.45% cap.
10. Rite Aid in Elk Grove, CA: 17,272 SF high quality constructed pharmacy built in 2010 in high income (AHI $97K/yr), high growth Sacramento metro. 20 yrs NNN- lease with 18 yrs left. NOI $596K/yr. $7.946M. 7.5% cap.

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