04-11: CBA, OSH, Applebee's, Tutor Time, Retail Centers

1. Christian Brothers Automotive in Tulsa, OK: 4921 SF auto service center built in 2001 on 1+ ac lot in fast growing and high income area. Close to Tulsa Community College and Hwy-64. 15 yrs NNN corp lease to Christian Brothers Auto, a fast growing regional tenant.  NOI $150K/yr with 1.5% annual rent increases. $2.07M. 7.25% cap.
2. Orchard Supply Hardware in Citrus Heights, CA: 43,579 SF attractive single tenant retail building constructed in 2009 on 3.75 ac lot in growing Sacramento suburbs. 15 yrs NNN- corp lease with 7+ left. NOI $546K/yr. $7.531M. 7.25% cap.
3. Retail Center in Buffalo Grove, IL: 24,661 SF consisting of two retail center at a hard corner location in affluent (AHI $153K/yr in 1 mile) Chicago suburbs. NOI $260K/yr. $2.6M. 10% cap.
4. Shopping Center in Henderson, NV: 20,326 SF shopping center on 2.57 ac lot in upper middle class Las Vegas metro. Close to Valley Auto Mall, home to 15 major dealerships and I-515. NOI $208K/yr. $2.595M. 8.03% cap. Upside potential when fully leased.
5. Shopping Center in Grand Prairie, TX: 25,337 SF twelve units well maintained shopping center on 2.74 ac corner lot in fast growing and high income (AHI $80K/yr) Fort Worth/Dallas suburbs. 69% leased to ten tenants. Actual NOI $205K/yr. $2.6M. 9.01% cap.
6. Retail Center in Henderson, NV: 20,147 SF upscale retail center built in 2004 on 1.81 ac lot at a hard corner location. Shadow anchored by Lowe’s and HomeGoods. Across from St. Rose Dominican Hospital-Siena. 100% NNN leased to 7 tenants including: GameStop, Lenscrafters, Urgent Care center. NOI $499K/yr. $6.66M. 7.5% cap.
7. Strip Center in Kaysville, UT: 11,660 SF well maintained strip center on .78 ac lot anchored by Jiffy Lube in high income (AHI $93K/yr in 3 mile) town just North of Salk Lake City. Close to I-15. 85% NNN leased. NOI $115K/yr. $1.475M. 7.85% cap.
8. Applebee’s in Mobile, AL: 5454 SF Applebee’s Restaurant on nearly 1 ac lot along main corridor and in upper middle-class area. Brand new 20 yrs absolute NNN lease. NOI $163K/yr with 1.50% annual rent bumps. $2.414M. 6.75% cap.
9. Tutor Time in Wichita, KS: 9767 SF childcare center on .92 ac lot in fast growing and affluent (AHI $132K/yr in 1 mile) area. 100% NNN- lease with 9+ yrs left. NOI $197K/yr. $2.239M. 8.80% cap.  
10. Retail Building in Jacksonville, FL: 10,445 SF recently redeveloped retail center on 1+ ac lot at a major retail corridor. Across from 1,5000,000 SF Regency Square Mall. 100% NNN leased to CARQUEST Auto Parts and Sprint. NOI $196K/yr. $2.65M. 7.40% cap.

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