04-18: 24-Hour Fitness, Jiffy Lube, Aspen Dental, Automotive Center, Retail Centers

1. Retail Center in Gilbert, AZ: 14,878 SF shopping center built in 2006 on 2+ ac lot in high income (AHI $80K/yr in 3 mile) area. Shadow anchored by 99¢ Only store. 100% NNN leased to Maddy’s Pool Supply, SW Dental Group, JL Nails, East Valley Animal Hospital and Gilbert Center for Family Medicine. NOI $264K/yr. $2.9M. 9.01% cap.
2. 24-Hour Fitness in Reno, NV: 24,000 SF single tenant fitness center built in 1997 on 3 ac lot at a signalized location.  Adjacent to Meadowood Mall. Tenant has been at this location since 1997. 100% NNN- corp lease with 4+ yrs left. NOI $350K/yr. $3.5M. 10% cap.
3. Strip Center in Milwaukee, WI: 8498 SF attractive strip center on .86 ac outparcel to Pick ‘n Save grocery. 100% NNN leased to Sally Beauty Supply, Cricket Wireless, Subway and Starbucks Coffee, and Wingstop. NOI $175K/yr. $2.192M. 8% cap.
4. Retail Building in College Park, GA: 9240 SF retail building remodeled in 2008 at a major corridor in fast growing Atlanta suburbs. 100% NNN leased to O’Reilly Auto Parts and Choice Tire. NOI $111K/yr with income from billboard. $1.528M. 7.30% cap.
5. Retail Center in Porterville, CA: 3620 SF attractive retail at the intersection of 2 major arteries in San Joaquin Valley.  100% NNN leased to 3 credit tenants: Starbucks, Subway and QC Financial.  NOI $139K/yr. $1.995M. 7% cap.
6. Retail Center in Parker, CO: 51,743 SF retail center at main corridor in affluent (AHI $1012K/yr in 3 mile) Denver suburbs. Near Parker Adventist Hospital. 100% NNN leased to Sprouts Farmers market and Parker Spirits & Wine. NOI $814K/yr. $11.631M. 7% cap.
7. Retail Center in Porterville, CA: 9329 SF retail center built in 2008 on 1.48 ac lot at a hard corner location in San Joaquin Valley.  Adjacent to Lowes and proposed Walmart Supercenter. Close to Hwy-65. NOI $142K/yr. $2.035M. 7% cap.
8. Automotive Center in Las Vegas, NV: 15,000 SF well maintained automotive center on 1+acres lot in fast growing area.  100% leased by automotive tenants.  NOI $159K/yr. $2M. 7.95% cap.
9. Jiffy Lube in Austin, TX: 2766 SF well maintained Jiffy Lube on .37 ac lot in fast growing and upper middle class area. Visible from & next to Hwy-183. 100% NNN leased with 4 yrs left. NOI $96K/yr with annual rent increases. $1.1M. 8.75% cap.
10. Aspen Dental in Huber Heights, OH: 3200 SF recently constructed retail building on .72 ac outparcel to 318,000 SF Power Center in Dayton suburbs. Adjacent to Target and Lowe’s. 10 yrs NNN- lease. NOI $108K/yr with rent bumps every 5 yrs. $1.335M. 8.15% cap.

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