12-06: Jack in the Box, My Big Fat Greek Restaurant, Fitness 19, O'Reilly Auto Parts

1. Retail Center in North Augusta, GA: 12,000 SF retail center built in 2000 in fast growing Atlanta metro. Close to Walmart, Publix, Kroger and Lowe’s. 75% NNN lease to O’Reilly Auto Parts. NOI $79K/yr. $883K. 8.90% cap. Upside potential when fully leased.
2. Jack in the Box in Baton Rouge, LA: 2828 SF drive-thru fast food restaurant built in 2000 at a major intersection in high income area. Near Baton Rouge Community College and 201-bed Baton Rouge General medical Center. 20 yrs absolute NNN corp lease with 5.7 yrs left. NOI $170K/yr with a 10% rent bump in 2015. $2.042M. 8.35% cap.
3. Walgreen’s in Miami, FL: 15,120 SF double-lane drive-thru drug-store on 1.50 ac lot at a hard corner location in high income area with AHI of $80K/yr within 1 mile. 20 yrs NNN- corp lease with 10 yrs left. NOI $272K/yr. $4.185M. 6.50% cap.
4. Neighborhood Center in Las Vegas, NV: 151,928 SF well maintained shopping center on 13+ ac lot anchored by TJ Maxx, Toys R Us and Party City and shadow-anchored by Albertsons Grocery and CVS Pharmacy. Just min from Boulevard Mall and 346-bed Desert Springs Hospital. 89% leased. NOI $1.461M/yr. $18.265M. 8% cap.
5. MOB in Weston, FL: 30,100 SF Class A multi-tenant medical office building on 3+ ac lot in wealthy (AHI $131K/yr) Coral Springs suburbs. Anchored by a highly profitable surgical center occupying almost 50 percent of the building.  Close to Cleveland Clinic Florida Weston and I-75. 100% leased to medical tenants. NOI $732K/yr. $10M. 7.32% cap.
6. My Big Fat Greek Restaurant in La Verne, CA: 4700 SF restaurant on .51 ac lot at a signalized corner location in high income & stable city in Los Angeles.10 yrs absolute NNN lease to a proven restaurant concept with 19 location across the US. NOI $141K/yr with 10% rent bumps every 5 yrs. $2.014M. 7% cap.
7. Retail Center in San Jose, CA: 7500 SF newly constructed retail center at a signalized corner location in high income Silicon Valley. Close to The Plant shopping center, a 30+ stores center and Hwy-87. 100% NNN leased to 6 tenants. NOI $256K/yr. $4.2M. 6.10% cap.
8. Office Building in Wichita Falls, TX: 77,140 SF attractive office building at a busy corridor in fast growing upper middle-class area. 100% NN lease to Blue Cross Shield of Texas with 6 yrs left. NOI $329K/yr with 8% rent increases every 3 yrs. $4.246M. 7.75% cap.
9. Shopping Center in Clovis, CA: 48,770 SF retail center anchored by a 20,340 SF CVS Pharmacy on 5.69 ac lot at a major retail corridor in Fresno suburbs. Shadow-anchored by 52,576 SF Save Mart Supermarket. Close to Sierra Vista Mall. 98% NNN leased. NOI $659K/yr. $9.25M. 7.13% cap.
10. Fitness 19 in Baldwin Park, CA: 6000 SF free-standing retail building constructed in 2004 on .99 ac outparcel to Walmart in a densely populated city in Los Angeles. Excellent visibility and good access to I-10. 100% NNN lease to Fitness 19, with 151+ locations in 26 states. NOI $98K/yr.  $1.465M. 6.75% cap.

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