07-09: EZ Pawn, Johnny Carinos, Jiffy Lube, Freddy's Frozen Custard, Land, DaVita

1. Retail Center in West Jordan, UT: 7772 SF attractive retail center in upper middle-class Salt Lake City suburbs. Close to Jordan Landing, a 500 acre Power Center. 84% NNN leased. NOI $143K/yr. $1.795M. 8% cap.
2. Neighborhood Center in Phoenix, AZ: 75,233 SF shopping center built in 2007 on 8+ ac corner lot anchored by Food City grocery. 95% leased to Food City Grocery, Payless ShoeSource, Bok Park Fashions, Pizza Patron, AA Insurance, Rapido Tax, Hair Salon, Dentist and Nail Salon. NOI $938K/yr. $11.9M. 7.88% cap.
3. EZ Pawn in Griffith, IN: 8000 SF well kept retail building on 1.20 ac lot in Chicago metro. 100% NNN- corp lease with 4 yrs left. The corporation operates over 670 units in 13 states and Mexico. NOI $67K/yr. $875K. 7.77% cap.
4. Johnny Carino’s in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at major retail artery. Next to Lowe’s, across from Walmart Supercenter and close to I-210. 17 yrs absolute NNN corp lease with 7+ yrs left. NOI $173K/yr with 1% annual rent increases. $2.105M. 8.25% cap.
5. Strip Center in Hayward, CA: 4050 SF strip center on .35 ac corner lot in San Fran Bay Area. 100% NNN leased to Quick Stop, Express Pizza and Sunrise Donuts. NOI $85K/yr. $1.2M. 7.16% cap.
6. Jiffy Lube in Winter Springs, FL: 3252 SF auto repair center built in 1993 at a main thoroughfare in Orlando suburbs. 100% absolute NNN lease with 12+ yrs left. NOI $57K/yr with 2% annual rent bumps. $847K. 6.75% cap.
7. MOB in Sun Valley, CA: 56,352 SF medical office building at a hard corner location in densely populated Los Angeles County. Next to 242-bed Pacifica Hospital of the Valley. 100% leased to Serra Community Medical Clinic. 7.10% cap. NOI/Price not disclosed.
8. Freddy’s Frozen Custard & Steakburger in Colorado Springs, CO: 3000 SF drive-thru built-to-suit restaurant on .68 ac lot in fast growing area. Easy access to I-25. 20 yrs NNN lease to strong franchisee. NOI $78K/yr with 8% rent bumps every 5 yrs. $1.015M. 7.85% cap.
9. Land in Milpitas, CA: 44,649 SF lot at busy McCarthy Ranch Marketplace, with 650,00 SF of retail, restaurants and hotels. Easy access to I-880. $3M. 5% cap.
10. DaVita in Rancho Cordova, CA: 11,136 SF Class-A medical office building completed in 2007 on .87 ac lot in high income Sacramento suburbs. 12 yrs NNN corp lease with 8 yrs left. NOI $266K/yr. $4.6M. 5.80% cap.

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