08-06: Starbucks, TechnaGlass, Walgreens, Golden Corral, Dollar Tree

1.       Starbucks in South Ogden, UT: 1813 SF Starbucks built in 2007 in high income (AHI $96K/yr) Salt Lake City metro. Near Weber State University and three hospitals.  10 yrs NNN- lease with 4+ yrs left.  NOI $93K/yr. $1.25M. 7.5% cap.

2.       Strip Center in Houston, TX: 10,425 SF attractive strip center built in 2008 on 1+ ac lot in high income area with an AHI of $107K/yr in 1 mile. 100% NNN leased to Starbucks, Edible Arrangements, Mathnasium, Hair Salon, Edward Jones, Alama Tamales and CherryBerry Yogurt Bar. NOI $246K/yr. $3.185M. 7.75% cap.

3.       Strip Center in Yorba Linda, CA: 6,000 SF well kept strip center in affluent (AHI $128K/yr in 1 mile) Los Angeles suburbs. 100% NNN leased to three tenants. NOI $153K/yr. $2.15M. 7.12% cap.

4.       TechnaGlass in North Las Vegas, NV: 3478 SF built-to-suit auto center built in 2006 on .49 ac lot at a high traffic location. 100% absolute NNN lease with 5 yrs left to strong franchisee with 44 units. NOI $79K/yr. $899K. 9% cap.

5.       Mixed-use Center in Evanston, IL: 20,247 SF remodeled office & retail center in densely populated and high income (AHI $102K/yr in 3 mile) coastal town just North of Chicago. 92% leased. NOI $250K/yr. $3.05M. 8.20% cap.

6.       Walgreens in Orlando, FL: 15,120 SF Walgreens built in 1997 along major retail thoroughfare. Tenant has been at this location since 1998. 100% NNN- lease with 5 yrs left. NOI $297K/yr. $4.105M. 7.25% cap.

7.       Golden Corral in Richardson, TX: 9451 SF Golden Corral Buffet Restaurant built in 1996 on 2+ ac lot in growing and high income (AHI $102K/yr) Dallas suburbs. New 15 yrs absolute NNN lease to 4^th largest franchisee with nearly 400 units. This is a sale lease-back investment so price & lease terms are all negotiable. NOI $185K/yr with 10% rent bumps every 5 yrs. $2.643M. 7% cap.

8.       Shopping Center in Kent, WA: 47,062 SF shopping center constructed in 2002 on 5.72 ac lot anchored by Staples in Seattle suburbs. Close to Valley Medical Center. Across from IKEA. NOI $809K/yr. $11.1M. 7.30% cap.

9.       Dollar Tree in Cincinnati, OH: 10,096 SF well kept Dollar Tree on .89 ac lot along busy corridor. Close to Mercy Hospital. 100% NNN- lease with 8 yrs left. NOI $82K/yr. $1.036M. 8% cap.

10.   Shopping Center in Little Rock, AR: 23,304 SF attractive shopping center on 2+ ac lot. On an off/on ramp of I-430. NOI $288K/yr. $3.6M. 8% cap.

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