07-17: Chili's, Goodwill, MOB, Apartments, Office Buildings

1. Apartments in Sacramento, CA: 20-unit attractive two-bedroom townhouse-style apartments on .98 ac lot in growing area. 15-units have been fully remodeled. Close to parks, schools and shopping centers. NOI $127K/yr. $2.125M. 6% cap.
2. Apartments in Carmichael, CA: 22-unit spacious two-bedroom apartments on 1.44 ac lot in upper middle-class (AHI $75K/yr) Sacramento suburbs. NOI $98K/yr. $1.25M. 7.86% cap.
3. Office Building in Santa Rosa, CA: 8,700 SF Class-B office building in a growing area North of San Francisco. 100% NNN leased with credit/national tenants. NOI $157K/yr. $2.25M. 7% cap.
4. DaVita Dialysis Center in Laredo, TX: 6500 SF MOB renovated medical office building on .56 ac lot at a signalized intersection in a border city. New 15 yrs NNN- corp lease to DaVita Dialysis. NOI $154K/yr with 10% rent increases every 5 yrs. $2.42M. 6.40% cap.
5. Chili’s (S&P BBB-) in Midland, TX: 6235 SF well performing Chili’s Restaurant on 1+ ac lot in affluent ($138K/yr within 1 mile) oil and gas town. Near off/on ramp of Hwy-250. Tenant has been at this location since 1983. Tenant will be doing an extensive remodel in 2013. New 10 yr absolute NNN corp lease. NOI $170K/yr with a 10% rent bump in 2016. $3.09M. 5.50% cap.  Store with strong sales revenue of $4.3M/year.
6. Goodwill  in Sacramento, CA: 15,000 SF attractive single tenant retail building completed in 2007 on 1.84 ac lot close to I-80. 10 Yr absolute NNN lease with 4 yrs left to regional tenant with 69 locations. NOI $236K/yr with annual rent increases. $3.25M. 7.26% cap.
7. Retail Center in Vista, CA: 16,932 SF consisting of two attractive retail centers built in 2001 on 1.81 ac lot in growing town just North of San Diego. Close to Hwy-78.  82% leased. NOI $249K/yr. $4.225M. 5.91% cap. Upside potential when fully leased.
8. Office Building in Winter Garden, FL: 92,573 SF Class-B office buildings completed in 2005 on 7 ac lot in high income (AHI $94K/yr in 3 mile radius) Orlando suburbs. 86% leased. NOI $777K/yr. $8.85M. 8.78% cap.
9. Apartments in Portland, OR: 5-unit attractive multifamily in middle-class (AHI $74K/yr in 3 mile) area. Close to Legacy Good Samaritan Medical Center. 100% occupied. NOI$61K/yr. $950K. 6.50% cap.

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