Monday, January 28, 2013

01-14: KFC, Tuffy Auto, Apartments, El Pollo Loco, Walgreens, The Learning Experience



  1. KFC in Fresno, CA: 2575 SF KFC restaurant built in 2005 on .61 ac lot at a main retail corridor with good ingress/egress. Close to Airport. 20 yrs absolute NNN lease with 12 yrs left to experience franchisee currently operating 42 units. NOI $93K/yr. $1.87M. 5% cap.
  2. Tuffy Auto in Batavia, IL: 4240 SF auto service center built in 2000 in affluent (AHI of $111K/yr in 3 mile) Chicago suburbs. Across from Target & Jewel Osco grocery anchored centers. 100% NNN lease with 8 yrs left. NOI $98K/yr. $1.36M. 7.25% cap.
  3. Apartments in Rancho Mirage, CA: 35-unit apartments on 1.42 ac lot in growing and affluent community in Southern CA with an AHI of $124K/yr in 1 mile. 98% occupied. NOI $227K/yr. $3.25M. 7% cap.
  4. Strip Center in College Station, TX: 6835 SF under-construction strip center on .93 ac outparcel to Lowe’s and next to Hwy-6. In fast growing (92.90% pop growth since 2000) and prosperous (AHI $161K/yr in 1 mile) area. 100% NNN leased to three tenants. NOI $185K/yr. $2.507M. 7.40% cap.
  5. El Pollo Loco in Big Bear Lake, CA: 2878 SF El Pollo Loco restaurant on .64 ac corner lot in a Ski resort town. New 17 yrs NNN lease to national tenant. NOI $66K/yr with rent increases every 5 yrs. $1.1M. 6% cap.
  6. Walgreens in Glen Burnie, MD:13,650 SF drug store on 2.14 acres lot at the main entrance to Marley Station Mall in Washington DC/Baltimore suburbs.  100% NNN lease with 17 yrs left.  NOI $395K/yr. 6.583M. 6% cap.
  7. Retail Center in Toledo, OH: 15,681 SF attractive retail center built in 2006 on .2+ ac lot in high income (AHI $106K/yr) area. Across from Lowe’s and near I-475. 77% leased to Caribou Coffee, Subway, FedEx Office, Toledo Lasik and Cinco de Mayo restaurant.$2.5M. NOI/Cap not provided.
  8. The Learning Experience in Katy, TX: 11,077 SF day care center built in 2009 on 1.74 ac lot in fast growing and affluent (AHI $112K/yr in 3 mile) Houston suburbs. Easy access to I-10. 15 yrs NNN lease to national tenant with 13 yrs left. NOI $288K/yr. $3.495M. 8.25% cap.
  9. Shopping Center in Keizer, OR: 61,838 SF shopping center on 5.34 ac lot at a hard corner in a stable Salem metro. Anchored by Rite Aid and shadow anchored by 42, 265 SF Albertsons Grocery. 92% NNN leased.  NOI $538K/yr. $6.75M. 7.98% cap.

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