02-14: La Petite Academy, Casa Olé, Rite Aid, Fresenius, Coco's Bakery Restaurant, Apartments

1. La Petite Academy in North Las Vegas, NV: 9987 SF day care center built in 2007 on 1+ ac lot in area with strong demographics. 15 yr absolute NNN corp lease with 9+ yrs left to a national childcare provider with over 500 locations. NOI $210K/yr. $2.806M. 7.50% cap.
2. Casa Olé in Silsbee, TX: 3941 SF Mexican restaurant on .93 ac lot along main retail corridor and in a growing town. 20 yr absolute NNN corp lease with 11 yrs left. NOI $141K/yr with 1.5% annual rent bumps. $1.715M. 8.25% cap.
3. Rite Aid in Cheswick, PA: 10,908 SF drive-thru Rite Aid built in 2000 on 1+ ac lot at a signalized intersection in upper middle class (AHI $83K/yr in 3 mile) Pittsburgh suburbs. Close to I-76. 20 yrs absolute NNN corp lease with 7+ yrs left. NOI $248K/yr with 2-3% rent bumps at each option period. $2.367M. 10.50% cap. Store with strong $6.6M (est.) in sales revenue.
4. Fresenius in Knoxville, TN: 10,440 SF remodeled dialysis center close to numerous health care facilities and several hospitals. 10 yrs lease renewal with 6 yrs left. $207K/yr. $2.595M. 8% cap.
5. Coco’s Bakery Restaurant in San Bernardino, CA: 5626 SF well maintained restaurant on .95 ac lot across from 463-bed St. Bernardine Medical Center. Tenant has been 34 yrs at this location. 100% NNN corp lease with 5 yrs left. NOI $49K/yr. $950K. 5.17% cap.
6. Apartments in Houston, TX: 126-units well kept two-story multi-family complex on 3.40 ac lot in fast growing upper middle class area. Close to shopping centers, parks, schools and I-610. 93% occupied. NOI $210K/yr. $2.9M. 9% cap.
7. Office Building in Crystal Lake, IL: 10,000 SF Class B office building in growing and affluent (AHI of $101K/yr in 3 mile) Chicago metro. 75% leased. NOI $76K/yr. $952K. 8% cap.
8. Retail Center in Lombard, IL: 9252 SF well maintained retail center in high income Chicago suburbs. Close to Yorktown Shopping Center. 88% leased to long term tenants. NOI $116K/yr. $1.223M. 9.50% cap.
9. Retail Center in Canton, OH: 23,826 SF retail center on 2.88 ac lot in high income area with an AHI of $100K/yr in 1 mile. 93% NNN leased to medical & retail tenants. NOI $184K/yr. $2.3M. 8% cap.
10. Shopping Center in Secaucus, NJ: 74,218 SF two-story shopping center in densely populated (over 800,000 residents in 5 miles) & prosperous (AHI $136K/yr in 1 mile) New York area. NOI $920K/yr. $11.5M. 8% cap.

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