03-18: Jiffy Lube, Panda Buffet, Wendy's, Taco Bell, Talbots, Retail Centers

1. Jiffy Lube in Phoenix, AZ: 1936 SF attractive Jiffy Lube on .37 ac corner lot at a busy corridor and near I-10. Tenant has been at this location since 2005. 15 yrs absolute NNN lease with 9+ yrs left to a strong franchisee with 70 units. NOI $90K/yr with 10% rent bumps every 5 yrs. $1.125M. 8% cap. Note: flyer not available, full brochure upon request.
2. Panda Buffet Restaurant in San Diego, CA: 8915 SF well maintained Panda Buffet restaurant on .39 ac outparcel to CVS and VONS Power Center. In high income area with an AHI of $121K/yr in 3 mile radius. Close to I-15. 10 yrs NNN- lease with 3+ yrs left. NOI $202K/yr. $2.895M. 7% cap.
3. Shopping Center in Indianapolis, IN: 26,400 SF shopping center consisting of two retail buildings completed in 2004 on 2.54 ac lot in fast growing and high income area. 95% NNN leased to Outback Steak House, McAlister’s Deli, AT&T, Five Guys Burgers & Fries, Subway, Sport Clips and Davita Dialysis. NOI $486K/yr. $6.075M. 8.01% cap.
4. Wendy’s in Lithonia, GA: 2718 SF Wendy’s restaurant on .82 ac lot in fast growing Atlanta suburbs. Close to I-20 off/on ramps. 20 yrs absolute NNN lease with 12+ yrs left.  NOI $87K/yr. $1.208M. 7.25% cap.
5. Taco Bell in Fresno, CA: 2575 SF drive-thru fast food restaurant on .62 ac lot at a main retail corridor with good ingress/egress. Close to Airport. 100% NNN lease with 13 yrs left to experience franchisee currently operating 42 units. NOI $93K/yr with 10% rent bumps every 5 yrs. $1.87M. 5% cap.
6. Retail Center in Fremont, CA: 14,818 SF retail center built in 2001 on 1.32 ac lot in affluent Silicon Valley suburbs (AHI $110K/yr in 1 mile). Across from The Home Depot and next to REI. Easy access to I-880 and I-680. 100% NNN leased. NOI $506K/yr. $7.1M. 7.14% cap.
7. Medical Office Building in Orlando, FL: 51,976 SF Class A single-tenant medical office building constructed in 2008 on 2.67 ac lot. New 15 yrs lease. NOI $675K/yr. $7.5M. 9.01% cap.
8. Retail Center in Fontana, CA: 13,800 SF well maintained retail center built in 2008 on 1+ ac lot at a hard corner location in San Bernardino County. 83% leased. Proforma NOI $202K/yr. $2.897M. 7% proforma cap.
9. Talbots in Oklahoma City, OK: 10,000 SF attractive retail center on .75 ac lot in growing and upper middle class neighborhood. Across from Penn Square Mall and close to I-44. 100% NNN lease to Talbots, a national women fashion retailer with 10+ yrs left. NOI $199K/yr. $2.495M. 8% cap.
10. Jiffy Lube in Virginia Beach, VA: 3,060 SF Jiffy Lube on .37 ac lot at a main retail corridor. Next to Kroger grocery and Home Depot. 100% absolute NNN lease with 9 yrs left. NOI $144K/yr. $1.656M. 8.70% cap.

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