07-02: The Learning Experience, MOB, Neighborhood Centers

1. Retail Center in Rohnert Park, CA: 34,488 SF retail center on 3.43 ac lot at main retail corridor in fast growing city just North of San Francisco. Easy access to Hwy-101. 80% NNN lease to Autozone, Planet Fitness, and Spice boutique. NOI $505K/yr. $4.99M. 8.30% cap. Upside potential when fully leased.
2. The Learning Experience in Aurora, CO: 11,000 SF day care center completed in 2012 on 1.34 ac lot in fast growing (1,011.02% pop growth since 2000) and in an affluent neighborhood ($123K/yr) in Denver metro. 100% absolute NNN leased. NOI $265K/yr. $3.664M. 7.25% cap.
3. Hometown Buffet in Bakersfield, CA: 10,800 SF freestanding buffet restaurant built in 1994 on .59 ac lot at a busy corridor and close to Hwy-99.  25 yrs absolute NNN lease with 6+ yrs left. NOI $164K/yr. $2.744M. 6% cap.
4. Shopping Center in Miami Gardens, FL: 52,711 SF L-shaped shopping center built in 2004 on 6.70 ac lot in densely populated Miami suburbs. Next to Hwy 826 off/on ramp. 98% leased. NOI $803K/yr. $9.075M. 8.85% cap.
5. Strip Center in Tacoma, WA: 9424 SF attractive strip center built in 2005 on 1.53 ac lot in fast growing Seattle suburbs. 100% NNN leased. NOI $184K/yr. $2.35M. 7.86% cap.
6. MOB in Fort Lauderdale, FL: 12,193 SF medical office building close to Florida Medical Center and Hwy-91. 80% leased to physicians. $1.69M. Cap/NOI not provided.
7. Neighborhood Center in Lenexa, KS: 62,905 SF shopping center along main road in high income Kansas City suburbs. 88% NNN leased to national/local tenants including: Sally Beauty Supply, Advance America and Title Boxing Club. NOI $420K/yr. $4.55M. 9.25% cap.
8. Shopping Center in Independence, MO: 41,540 SF well maintained shopping center at a busy retail corridor in growing Kansas City metro. All tenant face main road. 100% NNN leased. NOI $270K/yr. $2.92M. 9.25% cap.

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