10-08: Petsmart, Walgreen's, Popeyes Chicken & Biscuits, Shopping Centers

1. Retail Center in Lombard, IL: 16,830 SF attractive retail center built in 2006 on 3+ ac lot in high income Chicago suburbs. All units face main corridor. Major tenants include: Starbucks, State Farm, Advance America, Apollo Restaurant, Heavenly Massage and T-mobile. 84% NNN leased. Actual NOI $285K/yr. $3.865M. 7.40% actual cap. Upside potential.
2. Strip Center in Hayward, CA: 6500 SF recently renovated strip center at a signalized corner location SouthEast of San Francisco. Close to I-880. 100% leased. NOI $76K/yr. $1.3M. 5.92% cap.
3. PetSmart in Lilburn, GA: 25,015 SF well kept retail building completed in 1993 on 3 ac outparcel to The Home Depot center in high income Atlanta metro. Recently extended lease with 4+ yrs left. NOI $240K/yr. $2.826M. 8.50% cap.
4. Retail Center in Los Angeles, CA: 13,141 SF attractive retail center constructed in 2008 on .60 ac lot at a signalized corner intersection.  In densely populated area with over 1,000,000 residents in 5 mile radius. High barrier to entry area.  Near I-110/I-105. 100% NNN leased to Subway, Metro PCS, Mothers Nutritional Center, WIC, Shiek Shoes and Liberty Tax Services. NOI $468K/yr. $6.25M. 7.50% cap.
5. Retail Center in Riverside, CA: 25,465 SF well maintained retail center on 1.73 ac lot at a hard corner location in upper middle-class area East of Los Angeles. On an off/on ramp of Hwy-91. 100% leased. NOI $339K/yr. $4.32M. 7.86% cap.
6. Walgreen’s in Las Vegas, NV: 15,120 SF drive-thru pharmacy built in 1997 on 1.56 ac lot at a signalized location at a major retail corridor. Close to Mountain View Hospital and Hwy-95. 20 yrs NNN lease with 4 yrs left. NOI $371K/yr. $5.5M. 6.75% cap.
7. Shopping Center in Cypress, CA: 46,037 SF attractive shopping center on 3.71 ac lot in densely populated & upper middle-class Orange county.  Shadow anchored by Target and anchored by Dollar Tree & Carl’s Jr. 93% NNN leased to 22 tenants including: 5 Guys, Massage Envy, Anytime Fitness, Baskin Robins, Subway, Chipotle, Gamestop, Great Clip, Papa John, Dollar Tree, Carls Jr and more. Price: Best Offer.
8. Retail Center in Jackson, NJ: Recently renovated retail center in affluent (AHI $109K/yr in 3 mile radius) Philadelphia suburbs. 100% leased to three stable tenants. $1.7M. NOI/Cap not provided.
9. Shopping Center in West Des Moines, IA: 43,923 SF attractive shopping center built in 2004 on nearly 8 ac lot at a signalized intersection. In growing (314.13% pop growth) and high income area with an AHI of $107K/yr in 1 mile. Across from 1,340,000 SF Jordan Creek Town Center. 100% NNN leased. NOI $548K/yr. $6.305M. 8.70% cap.
10. Popeyes Chicken & Biscuits in Decatur, IL: 3213 SF restaurant built in 2006 on .61 ac lot at main retail corridor. Adjacent to Brettwood Village Shopping Center and close to Decatur Memorial Hospital.  New 20 yrs absolute NNN lease to an experienced franchisee. This is a sale & leaseback. NOI $96K/yr with 1% annual rent bumps. $1.2M. 8% cap.

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