10-04: Rite Aid, Lone Star Steakhouse, Cabernet Steakhouse, Mix-used, MOB, Private Preschool

1. Rite Aid in Ashland, OH: 10,488 SF well kept Rite Aid pharmacy on 1.20 ac lot along main corridor. Close to Samaritan Regional Hospital. 12 yrs absolute NNN corp lease with 11+ yrs left. NOI $75K/yr. $947K. 8% cap.
2. Office Building in Islandia, NY: 61,305 SF Class-B office building on 5.80 ac lot anchored by Ever Bank in high income (AHI $98K/yr in 3 mile radius) New York suburbs. Close to I-495. 93% leased to multiple tenants. NOI $455K/yr. $6.9M. 6.60% cap.
3. Rehab Center in Port Hueneme, CA: 27,311 SF upscale 90-bed drug & alcohol rehab center on 2.34 ac lot in Southern California. Amenities includes: three media rooms, yoga studios, lounge areas, a full gym, fountains, an outdoor fireplace/living room area, a running track, a sand volleyball court and a basketball court. 100% NNN leased with 5 yrs left. NOI $811K/yr. $10.65M. 7.62% cap.
4. Lone Star Steakhouse in Rockford, IL: 6,397 SF Lone Star steakhouse on .92 ac outparcel to Target and Hobby Lobby on a dominant retail corridor in high income area. 15 yrs absolute NNN lease with 12 yrs left. NOI $208K/yr with 1.5% annual rent bumps. NOI $208K/yr. $2.189M. 9.50% cap.
5. MOB in Northridge, CA: 33,765 SF Class-B medical building on .96 ac lot at a hard corner location in densely populated Los Angeles suburbs. Across from Northridge Hospital Medical Center. 92% leased to multiple tenants. NOI $869K/yr. $12.6M. 6.90% cap.
6. Private Preschool in Cumming, GA: 8200 SF private preschool on 1.64 ac lot in growing and affluent Atlanta metro with an AHI of $138K/yr in 3 miles. 100% NNN lease to Ivy League Academy with 10+ yrs left. NOI $142K/yr. $1.9M. 7.50% cap.
7. Shopping Center in River Ridge, LA: 62,190 SF well maintained shopping center on 6+ ac lot along major thoroughfare in high income (AHI $94K/yr) New Orleans suburbs. Anchored by Breaux Mart grocery and CVS Pharmacy. 100% leased with good tenant mix.  NOI $894K/yr. $9.8M. 9.13% cap.
8. Cabernet Steakhouse in Alpharetta, GA: 7500 SF upscale steak and seafood restaurant on 2+ ac lot in growing (156.29% pop growth since 2000) and affluent (AHI $116K/yr in 3 mile radius) Atlanta suburbs. On an off/on ramp of Hwy-19. 100% NNN lease with 10+ yrs left. NOI $208K/yr. $2.6M. 8% cap.
9. Mixed-use Center in Campbell, CA: 7123 SF attractive retail/office center at a hard corner location in high income Silicon Valley with an AHI of $107K/yr.  Close to The Pruneyard and Hwy-17.  98% NNN leased. NOI $147K/yr. $2.5M. 5.88% cap.
10. Strip Center in Northfield, IL: 5418 SF attractive strip center in a prosperous Chicago metro with an AHI of $172K/yr in 3 mile radius. On an off/on ramp of I-94. 100% NNN leased to two tenants including Starbucks Coffee. NOI $139K/yr. $1.99M. 7% cap.