10-09: Michaels, Anna's Linens, Hardee's, Napa Auto Parts, MOB

1. Retail Center in Cutler Bay, FL: 19,881 SF retail center on 1.84 ac lot with visibility and access from  Hwy-1  just Southwest of Miami. Across from Home Depot and near Regal Southland Mall. High income area with AHI of $88K/yr in 1 mile. 65% are national tenants including Subway and Sherwin Williams. NOI $331K/yr. $4.3M. 7.70% cap.
2. Shopping Center in Sacramento, CA: 64,171 SF shopping center on 4.64 ac lot at a hard corner.  Anchored by Food Source Grocery (owned by Raley’s). Next to FALLAS, dd’s and Anna’s Linens anchored center. Close to Kaiser Permanente Medical center and Hwy-99. 98% leased. NOI $531K/yr. $6.75M. 7.88% cap.
3. Retail Center in Santa Ana, CA: 17,061 SF two-story well-kept retail center on .86 acre lot at high-traffic signalized intersection.  In densely populated Orange county with over 700K residents in 5 miles. 79% leased. Current NOI $162K/yr. $2.65M. 6.13% cap. Upside potential.
4. Retail Center in West Covina, CA: 19,354 SF 3-building retail center on 1.59 ac lot at highly visible location next to I-10 on/off  ramp in densely populated city in Los Angeles. 100% leased to stable tenants including Lamps Plus. NOI $359K/yr. $4.755M. 7.56% cap.
5. Michaels & Anna’s Linens in Stockton, CA: 28,914 SF newly constructed two tenant retail center as part of a power center. Co-tenants include: Pier 1, Smart & Final, TJ Maxx, Toy' s R Us, Mancini' s Sleep World and Skechers. 100% NNN corp leased to 2 national tenants: Michaels and Anna’s Linens. NOI $505K/yr. $6.975M. 7.25% cap.
6. Office Building in Las Vegas, NV: 11,988 SF Class A office building constructed in 2007 on 2+ ac lot in fast growing and high income area (AHI $83K/yr). Close to main thoroughfare and Hwy-21/215. 100% NNN leased. NOI $240K/yr. $2.775M. 8.60% cap.
7. Hardee’s in Petersburg, VA: 3165 SF fast food restaurant on .85 ac lot at main retail corridor. 100% NNN lease with 9 yrs left to a strong franchisee with 334 units. NOI $70K/yr. $860K. 8.25% cap.
8. Shopping Center in Antioch, CA: 74,616 SF well maintained shopping center on 7.54 acres close to Hwy-4 in San Francisco metro. Anchored by 49,993 SF Save Mart supermarkets. 85% leased. NOI $572K/yr. $8M. 7.18% cap. Upside potential
9. MOB in Milton, FL: 11,041 SF Class B medical office building anchored by DaVita Dialysis Center (NYSE: DVA) at major artery. 100% leased to 3 medical tenants. NOI $118K/yr. $1.35M. 8.80% cap. 
10. Napa Auto Parts in Englewood, CO: 9000 SF build-to-suit Napa Auto Parts  store & distribution facility constructed in 2006 on in growing Denver metro. 100% NNN corp lease with 5 yrs left. NOI $96K/yr. $1.375M. 7% cap.

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