03-06: Jack in the Box, MOB, REO'ed Center, Mix-Used Center, Hooters, Strip Center

1. Jack in the Box in Plano, TX: 2747 SF fast food restaurant built in 1992 on .56 ac lot at a major retail corridor & facing US-75 in Dallas/Fort Worth suburbs. Adjacent to Collin Creek Mall. 100% NNN corp lease with 4+ yrs left. Tenant has been here since 1992. NOI $70K/yr. with 5% rent bump in 5 yrs option.  $1.084M. 6.5% cap.
2. Retail Center in Indianapolis, IN: 32,832 SF Class-A retail center with strong architectural appeal at a signalized intersection in high income area. Close to Castleton Square Mall and I-465.  100% leased to long term tenants. NOI $468K/yr. $5.7M. 8.22% cap.
3. Shopping Center in Glendale, AZ: 33,186 SF consisting of four attractive retail buildings constructed in 2004 on 3 ac lot in growing and affluent (AHI $117K/y in 1 mile) Phoenix suburbs. Off/on ramp of Hwy-101. 96% NNN leased. NOI $740K/yr. $9.96M. 7.44% cap.
4. MOB in McAllen, TX: 10,080 SF newly constructed medical center on 1.31 ac lot along Hwy-83. 10 yrs NNN lease to Columbia Rio Grande Healthcare. NOI $262K/yr. with 2% annual rent bumps.  $3.882M.  6.5% cap.
5. REO’ed Neighborhood Center in Roswell, GA: 87,564 SF bank-owned retail center on 10+ acres of land at a major retail corridor in affluent Atlanta metro. 71% leased.  NOI $406K/yr. $4.9M. 8.30% cap.
6. Mix-Used Center in Henderson, NV: 17,398 SF retail/office center built in 1999 on 2+ ac lot in Las Vegas suburbs. Near Galleria at Sunset and near Hwy-95. 100% NNN leased. NOI $280K/yr. $3.5M. 8% cap.
7. Shopping Center in Milpitas, CA: 48,468 SF well maintained shopping center on 4.30 ac lot at a highly visible location in high income (AHI of $114K/yr in 1 mile radius) San Jose suburbs. Off/on ramp of I-680. NNN leases.  Proforma NOI $1.141M/yr. $16.3M. 7% proforma cap.
8. Hooters in Evansville, IN: 7295 SF Hooters Restaurant in upper middle-class area. Close to Washington Square and St Mary’s Medical Center. New 20 yrs absolute NNN corp lease. NOI $224K/yr with 10% rent bumps every 5 yrs. $2.99M. 7.50% cap.
9. Strip Center in Murrells Inlet, SC: 10,800 SF retail center built in 2004 on .79 ac lot in a growing and high income coastal city South of Myrtle Beach. Across from Inlet Square Mall. 100% NNN leased. NOI $117K/yr. $1.25M. 9.36% cap.
10. Retail Center in Seekonk, MA: 5560 SF well kept retail center on .87 ac lot in high income Providence metro. 76% NNN leased. NOI $80K/yr. $950K. 8.50% cap.

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