01-30: Denny's, Best Western Garden Inn, Rite Aid, Jiffy Lube, Walgreen's, Office Depot

1. Denny’s in Round Rock, TX: 5000 SF Denny’s restaurant with large Pylon sign just North of Austin. Off/on ramp & visible from I-35. New 15 yrs absolute NNN lease. NOI $159K/yr with 2% annual rent increases. $2.271M. 7% cap.
2. Best Western Garden Inn in San Antonio, TX: 70-room well maintained hotel built in 1995 on 1.73 ac lot along I-35. Close to Northeast Methodist Hospital. 47% avg occupancy rate. NOI $346K/yr. $3.1M. 11.19% cap.
3. KinderCare in Noblesville, IN: 8,200 childcare center renovated in 2007 on 2+ ac lot in high income Indianapolis suburbs. Off Hyw-83. 15 yrs absolute NNN corp lease with 9+ yrs left. NOI $150K/yr with CPI or 7% rent bumps every 5 yrs. $1.809M. 8.29% cap.
4. Rite Aid in Lawrenceville, GA: 12,739 SF drive-thru Rite Aid Pharmacy built in 2005 on 1.48 ac lot at a hard corner location in high income Atlanta metro. Across from 1,200,000 SF Discover Mills Mall. Off I-85. 20 yrs absolute NNN corp lease with 12+ yrs left. $4.25M. 7.45% cap. Buyer to assume $2.698M loan at 5.92% interest rate.
5. Jiffy Lube in Arvada, CO: 4128 SF established three-bay attractive auto center built in 2005 on .57 ac outparcel to King Soopers grocery, ACE Hardware and Kohl’s Department store. In prosperous (AHI $153K/yr within 1 mile) Denver suburbs. 20 yrs absolute NNN lease to an experience franchisee with 13+ yrs left. NOI $90K/yr with 10% rent increases every 5 yrs. $1.22M. 7.41% cap.
6. Shopping Center in Henderson, NV: 34,407 SF In-line center consisting of five retail buildings on 2 ac of land shadow-anchored by 99¢ Only Store. At a signalized intersection on Hwy-582. 55% leased. Actual NOI $324K/yr. $3.712M. 8.75% actual cap. Strong upside potential.
7. Retail Building in San Jose, CA: 6998 SF retail building constructed in 2005 at a signalized corner location along busy Alum Rock Avenue. Anchored by Chase Bank. 100% NNN leased. NOI $170K/yr. $2.79M. 6.11% cap.
8. Walgreen’s in Las Vegas, NV: 14,104 SF drive-thru Walgreen’s pharmacy built in 1998 on 1.39 ac lot at a busy thoroughfare.  Excellent demographics: AHI $101K/yr in 1 mile. Adjacent to a retirement community with 7,700+ homes. Beer/Wine License recently added. Close to 148-bed Summerlin Hospital Medical Center. 100% NNN- corp lease with 5 yrs left. $423K/yr. $5.87M. 7.21% cap.
9. Retail Center in Schaumburg, IL: 7,000 SF retail center on .86 ac outparcel to Kohl’s and Lowe’s center in high income (AHI $85K/yr) Chicago metro. Across from Home Depot and Target. 100% NNN leased to Starbucks, Sprint and Sexson Orthodontic.  NOI $151K/yr. $1.785M. 8.50% cap.
10. Office Depot in Miami Gardens, FL: 20,810 SF Office Depot built in 2008 in Miami metro. Across from Walmart Supercenter. Close to Pro Player Stadium and Calder Race Course. Easy access to Florida Turnpike and Palmetto Expwy. 15 yrs NNN lease with 10 yrs left. NOI $343K/yr. $4.6M. 7.47% cap.

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