01-15: Childtime Learning Center, MOB, AAP, KinderCare, Walgreens

1. Retail Center in San Antonio, TX: 13,958 SF attractive retail center built in 2009 on 2.51 ac lot at a busy corner location. 100% NNN leased to 24-hrs Subway, Dry Cleaner, Universal Church, Cricket Wireless, Money Mart Pawn and East China Bistro. NOI $229K/yr. $2.45M. 9.36% cap.
2. Childtime Learning Center in Kingwood, TX: 4928 SF day care facility built in 2008 on .62 ac lot in prosperous neighborhood with AHI of $126K/yr within 1 mile in Houston suburbs. New 10 yrs absolute NNN corp lease to Childtime Learning Center, a national childcare provider. NOI $123K/yr with 10% rent increases every 5 yrs. $1.451M. 8.50% cap.
3. MOB in Pasadena, TX: 12,144 SF well maintained surgery center on 1+ ac lot at main thoroughfare. Across from 345-bed Bayshore Medical Center. 20 yrs absolute NNN lease to Doctors Outpatient Surgicenter with 8+ yrs left. NOI $255K/yr with 7.5% rent increases every 3 yrs. $3.644M. 7% cap.
4. Advance Auto Parts (S&P BBB-) in Houston, TX: 8640 SF auto parts center renovated in 2006 on .89 ac lot. Next to Walgreens and across from H.E.B. grocery.15 yrs NNN- corp lease with 8 yrs left. NOI $120K/yr with a 10% rent bump in 2017. $1.599M. 7.56% cap.
5. Shopping Center in Edmond, TX: 79,735 SF well maintained shopping center on 6.28 acres of land at hard corner location in fast growing and high income area. 98% NNN lased to Ace Hardware, Fitness 19, Goodwill, Payless Shoes, Jersey Mike’s, Supercuts, Cartridge World, and Liberty Tax. NOI $748K/yr. $8.9M. 8.41% cap.
6. KinderCare in Webster, NY: 10,608 SF learning center built in 2007 on 1.50 ac lot in growing and high income Rochester suburbs. Convenient access to Hwy-104.15 yrs absolute NNN corp lease with 11 yrs left. NOI $172K/yr with CPI or 7% rent bumps every 5 yrs. $2.078M. 8.29% cap.
7. Retail Center in Clarkston, MI: 4410 SF eye-catching retail center built in 2005 on .74 ac lot next to Hwy-24 in Detroit suburbs. 100% NNN leased to Qdoba Mexican Grill and Tropical Smoothie Café. NOI $90K/yr. $1.091M. 8.25% cap.
8. Walgreens in Miami, FL: 14,914 SF drive-thru drug store built in 2001 on 1.39 ac lot at a signalized corner location. 100% NNN- lease  with 8+ yrs left. NOI $291K/yr. $4.5M. 6.47% cap.

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