10-08: Jack in the Box, Walgreens, O'Reilly Auto Parts, Office & Medical Building

1. Jack in the Box in El Sobrante, CA: 2418 SF Jack in the Box on .39 ac lot in San Francisco Bay Area.  100% absolute NNN leased with 10+ yrs left.  NOI $86K/yr. $1.446M. 6% cap.
2. Retail Center in Riverside, CA: 4390 SF 2-building retail center built in 2008 on .82 ac lot at a major artery in high income area in Southern California with1,794 SF drive-thru Wienerschnitzel free-standing building. 83% NNN leased by 2 tenants with 1 vacant unit. NOI $94K/yr. $1.3M. 7.2% cap.
3. Retail Center in Kennesaw, GA: 11,400 SF attractive retail center in fast growing and high income Atlanta metro. Across from Publix Supermarket anchored center, and in front of ITT Technical Institute. 100% NNN leased to 6 tenants including: Dunkin Donuts, H&R Block, AT&T. NOI $252K/yr. $3.6M. 7% cap.
4. Walgreen’s in Mesa, AZ: 15,120 SF drug store built in 1999 on 1.61 acres corner lot in Phoenix suburbs. Across from Fry’s grocery center. 100% NNN corp lease with 7½ yrs left. NOI $267/yr. $3.561M. 7.50% cap.
5. MOB in Horn Lake, MS: 7800 SF Class A single-tenant medical office building on .82 ac lot along Hwy-51 in fast growing Memphis suburbs. Tenant has been at this location since 2006. 100% leased to Memphis Emergency Specialist/Southern Family Medical Clinic with 5+ yrs left. NOI $93K/yr. $1.195M. 7.86% cap.
6. Office/Medical Building in Mesa, AZ: 17,402 SF Class B office/medical building across from Fiesta Mall and next to Mesa Community College. Near Banner Desert Medical Center and Hwy-60. 85% leased to multiple tenants. NOI $153K/yr. $1.7M. 9% cap.
7. Shopping Center in Longmont, CO: 19,311 SF well maintained shopping center on 2+ ac lot at a hard corner location in high income area North of Denver. Close to Longmont United Hospital. 99% NNN leased. NOI $281K/yr. $2.9M. 9.70% cap.
8. Shopping Center in Athens, GA: 24,000 SF shopping center built in 1999 on 6+ ac lot. Shadow anchored by Walmart Supercenter. At heavily-traveled thoroughfare. 100% leased with mostly national tenants including Dollar Tree, Game Stop, Radio Shack, AT&T, Little Caesar, and GNC. NOI $333K/yr. $3.95M. 8.45% cap.
9. Retail Center in Midlothian, VA: 10,650 SF retail center on 1.20 ac lot anchored by Advance Auto Parts in fast growing and high income Richmond metro. Across from new Honda dealership and new Wal-Mart. NNN leased to AAP and Fire House Subs. NOI $216K/yr. $2.675M. 8% cap.
10. O’Reilly Auto Parts in Bridgeview, IL: 9500 SF O’Reilly Auto Parts built in 2003 on 1.34 ac lot in fast growing Chicago suburbs. 15 yrs NNN- lease with 7+ yrs left. NOI $204K/yr with a 5% rent increase in 2014. $2.817M. 7.25% cap.

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