07-16: Zaxby's, Arizona's Steakhouse, AAP, Retail Centers

1. Retail Center in Carol Stream, IL: 22,891 SF attractive retail center in high income Chicago suburbs. Good tenants mix: Stone Dragon Restaurant, La Huerta Norte restaurant and grocery store, Pop's Place, Quality Meat Market, Fredericks Chiropractor Center, Joe's Liquor Cabinet, Metro Ballas Artes hair salon and Chariot of the Dogs. 90% leased. NOI $198K/yr. $2.4M. 8.29% cap.
2. Retail Building in Phoenix, AZ: 27,873 SF multi-tenant retail center on 2 ac outlot to  Metro Center Mall. With easy access to I-17. 100% NNN leased. NOI $320K/yr. $4M. 8% cap.
3. Zaxby’s in Snellville, GA: 3279 SF Zaxby’s restaurant built in 2003 on .95 ac lot along Hwy-10 in fast growing Atlanta metro. 100% absolute NNN corp lease with 5+ yrs left. NOI $135K/yr with 3% annual rent increases. $1.765M. 7.65% cap.
4. Retail Center in Roseville, CA: 23,094 SF newly constructed retail center in fast growing (115.88% pop growth) and high income (AHI $92K/yr in 3 mile) Sacramento suburbs. Anchored by Goodwill. 92% leased. NOI $267K/yr. $3.825M. 7% cap.
5. Strip Center in Yorba Linda, CA: 6,000 SF mature strip center in affluent (AHI $128K/yr in 1 mile) Los Angeles suburbs. 100% NNN leased. NOI $153K/yr. $2.15M. 7.12% cap.
6. Shopping Center in Rancho Cucamonga, CA: 31,407 SF attractive shopping center built in 2007 on 2.65 ac lot on an off/on ramp of I-15. Across from Victoria Gardens Mall. 100% NNN leased to strong national tenants. NOI $1.031M/yr. $13.9M. 7.42% cap.
7. Strip Center in Belleville, IL: 8969 SF strip center completed in 2008 on 1 ac lot in St. Louis suburbs. Shadow anchored by Target, Home Depot, Office Max and PetSmart. 100% NNN leased. NOI $195K/yr. $2.35M. 8.33% cap.
8. Arizona’s Steakhouse in Lithonia, GA: 6,442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall near I-20 exit in fast growing Atlanta suburbs.  Tenant with 4 Arizona’s + 11 Travina Italian Restaurants. 100% NNN leased with 10 yrs left. NOI $253K/yr. with 2% annual rent bump. $2.98M. 8.50% cap.
9. Retail Center in Wichita Falls, TX: 13,018 SF attractive retail center on 1.30 ac lot at a hard corner location. Across from Sikes Senter Mall. 91% leased to Verizon, Jimmy John’s, Genghis Grill and EZ Money. NOI $290K/yr. $3.635M. 8% cap.
10. AAP in Bellevue, NE: 6784 SF Advance Auto Parts on 1+ ac corner lot in Omaha suburbs. 100% NNN- lease with 5+ yrs left. NOI $107K/yr. $1.299M. 8.24% cap.

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