01-31: Jiffy Lube, Super 8, Petco, Office Building, MOB, Retail Centers

1. Shopping Center in Rowlett, TX: 45,527 SF well-maintained 21-unit in-line shopping centers on 5.75 ac lot at a signalized location & in high income Dallas suburbs (AHI $86K/yr in 1 mile). Shadow anchored by Albertsons grocery. 81.4% NNN leased. NOI $506K/yr. $6.995M. 7.25% cap. Huge upside potential when fully leased.
2. Jiffy Lube in Louisville, CO: 4128 SF three-bay Jiffy Lube built in 2005 on .60 ac lot in high income Denver metro. Across from King Soopers grocery and Hobby Lobby center.  20 yrs absolute NNN lease to an experience franchisee with 13+ yrs left.  NOI $96K/yr with 10% rent increases every 5 yrs. $1.3M. 7.41% cap.
3. Retail Center in Victorville, CA: 14,120 SF retail center built in 2004 on 1.85 ac lo anchored by David’s Bridal. Adjacent to Mall of Victor Valley and I-15 in Los Angeles suburbs. Across from Lowe’s and Kohl’s. 82% leased. NOI $208K/yr. $2.85M. 7.30% cap.
4. MOB in Gilroy, CA: 36,593 SF Class-A 2-story medical office building constructed in 1991 on 2.57 ac lot next to 93-bed St Louise Regional Hospital and Hwy-101 in high-income Silicon Valley suburbs. 78% NNN leased. NOI $494K/yr. $5.85M. 8.45% cap. Upside potential when full leased.
5. Retail Center in Rancho Cordova, CA: 18,133 SF 14-units well kept retail center along main corridor and near Hwy-50 in Sacramento suburbs. 88% leased. NOI $146K/yr. $1.9M. 7.71% cap.
6. REO’ed Shopping Center in Riverside, CA: 11,306 SF well maintained10-unit bank-owned retail center on .78 ac corner lot across from Kaiser Permanente Riverside. Near Galleria at Tyler Mall and Hwy-91.  87% leased. NOI $152K/yr. $1.95M. 7.80% cap.
7. Shopping Center in West Chicago, IL:  20,685 SF attractive shopping center built in 2006 at major corridor & in affluent (AHI $107K/yr) Chicago suburbs. Anchored by Pediatric Health. 73% leased. NOI $258K/yr. $2.876M. 9% cap.
8. Super 8 in Aurora, CO: 144-room well maintained two-story motel on 2.42 ac lot across from Medical Center of Aurora North and next to I-225. 53% avg. occupancy. $3.8M.
9. Office Building in Powell, OH: 7822 SF Class-A single-tenant office building constructed in 2005 on .99 ac lot in growing and prosperous Columbus suburbs with an AHI of $156K/yr within 1 mile. 100% NNN leased with 7 yrs left. NOI $175K/yr. $2.35M. 7.50% cap.
10. Petco in West Dundee, IL: 19,000 SF free standing retail building constructed in 1997 on 1.73 ac lot in growing and high income Chicago suburbs. Across from Spring Hill Mall anchored by Macy’s, Kohl’s, Sears and Home Depot. 100% NNN- corp lease with 7 yrs left. NOI $196K/yr. $2.12M. 9.25% cap.

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