06-04: Walgreen's, Apartments, Taco Bell, Patriot Tire & Lube

1. Walgreen’s in Rancho Mirage, CA: 14,820 SF high quality constructed Walgreen’s built in 2007 on 1.65 ac lot at a signalized location. In growing and affluent community in Southern CA with an AHI of $121K/yr in 1 mile. 25 yrs absolute NNN corp lease with 19+ yrs left. NOI $510K/yr with rent bumps every 10 yrs. $9.73M. 5.25% cap.
2. Apartments in Indianapolis, IN: 378-units well-maintained apartment complex on nearly 25 acres of land. The site is well landscaped and includes four spring-fed lakes. Amenities include: community center, business center, swimming pool, fitness center, tennis court, sand volleyball court, on-site laundry facility, extra storage and available covered parking. Close to I-465. 98% occupied. NOI $1.069M/yr. $11.5M. 9.30% cap.
3. Taco Bell in Kissimmee, FL: 3,500 SF fat food restaurant on 1+ ac corner at the intersection of 2 major arteries in fast growing  Orlando metro. 20 yrs NNN lease with 4+ yrs left to strong franchisee with 20+ units. NOI $161K/yr with a 10% rent bump in 2014. $2.1M. 7.68% cap.
4. Walgreen’s in Littleton, CO: 15,093 SF Walgreen’s built in 2000 on 1.62 ac lot at a hard corner location in high income (AHI $101K/yr in 1 mile) Denver suburbs. 20 yrs NNN- lease with 7 yrs left. NOI $287K/yr. $4.415M. 6.5% cap.
5. Retail Building in San Jose, CA: 3096 SF well maintained retail building on busy Alum Rock Ave with easy access to I-680. 100% leased to two established tenants. NOI $49K/yr. $825K. 6% cap.
6. Apartments in Lancaster, CA: 60-unit 2-story apartments built in 1983 on 2+ ac lot in Los Angeles county. Controlled access with swimming pool, spa and gated parking. Pro forma NOI $283K/yr. $3.8M. 7.5% cap.
7. Retail Center in Fort Lauderdale, FL: 11,500 SF attractive retail center at main retail corridor. Across from new Kmart. 85% lased. NOI $105K/yr. $1.5M. 7% cap.
8. Shopping Center in Vero Beach, FL: 57,915 SF well kept shopping center at a hard corner location anchored by well performing Winn Dixie grocery. 98% leased to national/local tenants. NOI $512K/yr. $6.73M. 7.62% cap.
9. Retail Center in Massapequa, NY: 8,500 SF retail center in affluent (AHI $119K/yr within 3 mile radius) coastal city in New York metro. NOI $268K/yr. $3.35M. 8% cap.
10. Patriot Tire & Lube in Riverbank, CA: 6620 SF auto repair center on .75 ac lot at a main corridor in growing and high income (AHI $80K/yr in 1 mile) Modesto suburbs. 100% leased till 2017. NOI $78K/yr. $1.07M. 7.28% cap.

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