09-17: Automotive Center, Tire & Auto Repair, Popeye's, KFC & Long John Silver's, Cash America, Business Park

1. Retail Center in Grand Prairie, TX: 24,965 SF retail center built in 2010 on 3.78 ac lot in densely populated Dallas/Ft Worth suburbs. 92% leased with mostly NNN leases. Actual NOI $288K/yr. $3.202M. 9% actual cap. Upside potential.
2. Automotive Center in Yucca Valley, CA: 19,820 SF automotive center renovated in 2010 on 1.59 ac lot anchored by a 9520 SF Carquest Auto Parts and Castro Oil Change. 100% leased to five tenants. NOI $187K/yr. $2.5M. 7.49% cap.
3. Tire & Auto Repair in Avondale, AZ: 4700 SF retail building on nearly 1 ac lot at a major corridor in a fast growing and upper middle-class Phoenix suburbs. Tenant has been at this location since 2005. 100% NNN leased with 6 yrs left. NOI $114K/yr with 2% annual rent increases. $1.427M. 8% cap.
4. Popeye’s in Smyrna, GA:  2200 SF fast food restaurant built in 2010 on .72 ac lot at a major retail corridor in fast growing Atlanta metro. This is a sale lease-back investment. New 15 yrs NNN ground lease (land is for sale) to strong franchisee with 15 units. NOI $119K/yr with a 15% rent bump in yr 11. $1.846M. 6.50% cap.
5. KFC & Long John Silver’s in Holland, OH: 3400 SF dual branded restaurant on .86 ac outparcel to Menards home improvement center in Toledo suburbs. Close to I-475. 20 yrs NNN lease with 10+ yrs left. NOI $110K/yr with 7.5% rent increases every 5 yrs. $1.517M. 7.25% cap.
6. Cash America in Tacoma, WA: 8300 SF well maintained retail center in Seattle suburbs. 10 yrs NNN corp lease with 9 yrs left. NOI $135K/yr with a 10% rent increase in yr 5. $1.94M. 7% cap.
7. Office Building in Pompano Beach, FL: 27,109 SF Class-B office building on 1 ac lot North of Miami. Close to Broward Health North Hospital and I-95. 94% leased to multiple tenants. NOI $192K/yr. $2.75M. 7% cap.
8. Shopping Center in Providence, RI: 73,113 SF well maintained shopping center on 8+ ac lot anchored by Save A Lot grocery (national tenant with 1250 stores) and Family Dollar. Visible & next to Hwy-146. 88% leased. NOI $483M. $6.732M. 7.18% cap.
9. Retail Center in Berwyn, IL: 5072 SF attractive retail center at a signalized intersection in densely populated Chicago suburbs with over 600,000 residents within 5 mile radius. Close to North Riverside Park Mall. 100% NNN leased. NOI $100K/yr. $1.25M. 8% cap.
10. Business Park in San Antonio, TX: 113,548 SF Class-B  office park on 8+ ac lot between I-410 and I-10. 89% leased to multiple tenants. NOI $826K/yr. $9.5M. 8.70% cap.

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