08-01: Walgreens, Hooters, Macaroni Grill, AAP

1. Walgreens in Richmond, VA: 13,905 SF well maintained drug-store built in 1998 on 1.88 ac lot at a hard corner location. 20 yrs NNN- corp lease with 5 yrs left. NOI $315K/yr. $4.2M. 7.50% cap.
2. Hooters in Evansville, IN: 7295 SF Hooters Restaurant on at major retail corridor. Close to Eastland Mall, Washington Square Mall, Evansville State Hospital and St Mary’s Medical Center. New 20 yrs absolute NNN corp lease. NOI $224K/yr with 10% rent bumps every 5 yrs. $2.99M. 7.50% cap.
3. Macaroni Grill in Shelby Township, MI: 7741 SF Italian Restaurant built in 1999 on .54 ac outparcel to Shelby Town Center, a Power Center anchored by Marshalls & Jo Ann Fabrics, Five Below, Barnes & Nobles and Gorman's. Across from Lakeside Mall. Near Macomb Community College & Hwy-53/59. 20 yrs NNN corp lease with 15 yrs left. NOI $165K/yr with 10% rent bumps every 5 yrs. $2.365M. 7% cap.
4. Office Building in Roseville, CA: 10,629 SF well-kept nine units office building at a busy retail corridor in high income (AHI $81K/yr) Sacramento suburbs. Easy access to I-80. 90% leased. NOI $97K/yr. $1.399M. 7% cap.
5. Shopping Center in Moore, OK: 41,983 SF mature shopping center on 5+ ac lot at a signalized intersection in growing Oklahoma City metro. 100% leased to seven tenants. NOI $190K/yr. $2.377M. 8% cap. Offer includes a developable land pad.
6. Advance Auto Parts in Cumming, GA: 6895 SF brand new Advance Auto Parts on nearly 1 ac lot in fast growing (169.33% pop growth since 2000) and affluent (AHI $171K/yr in 1 mile) Atlanta suburbs. Close to Close to Northside Forsyth Cancer Center and Hwy-19. New 15 yrs NNN corp leases. NOI $121K/yr. $1.905M. 6.35% cap.
7. Shopping Center in Centerville, UT: 32,709 SF well maintained shopping center on 2 ac lot in Salt Lake City suburbs. Shadow anchored by Dick’s Market. Across from Walmart. 88% NNN leased. NOI $337K/yr. $4.4M. 7.67% cap.
8. Office Building in Uniontown, OH: 21,700 SF Class-A office building completed in 2004 on over 2 ac lot in growing and high income (AHI $96K/yr) Akron suburbs. Close to I-77. 100% NNN leased to Diebold Corporation, a Fortune 500 Company headquartered in nearby Green, Ohio, and Ritzman Pharmacy, a local company. NOI $227K/yr. $3.08m. 7.40% cap.
9. Advance Auto Parts in Lansing, IL: 11,000 SF well-kept auto center remodeled in 2005 on .51 ac lot in densely populated Chicago metro. 15 yrs NNN- corp lease with 7 yrs left. NOI $114K/yr with a rent bump in 2015. $1.672M. 6.89% cap.
10. Strip Center in Stockton, CA: 8420 SF attractive strip center in upper middle-class area. $900K. NOI/Cap not provided.

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