10-22: Jiffy Lube, Tuffy Auto, Denny's, Merryhill School, Joe's Crab Shack, Sweet Tomatoes

1. Retail Center in Crestwood, IL: 15,812 SF medical-retail center built in 2008 on 2.36 ac lot at a signalized intersection in densely populated Chicago suburbs. Across from Power Center anchored by AMC Theater, Target, Burlington, Kohl’s, Menards and Walmart. Close to I-294. 100% NNN leased to AT&T, FedEx Office and Ingalls Care Center, a regional healthcare provider with 7 locations. NOI $349K/yr. $4.624M. 7.56% cap.
2. Jiffy Lube in La Quinta, CA: 4500 SF Jiffy Lube renovated in 2002 on .70 ac outparcel to Kohl’s center at a major retail artery in a high income Riverside County with an AHI of $129K/yr in 1 mile. Across from 17-acre Pavilion at La Quinta, with Best Buy, Bed Bath & Beyond, Sprouts and OfficeMax. 15 yrs absolute NNN lease with 9 yrs left to largest franchisee with over 570 units. NOI $181K/yr with 2% annual rent increases. $2.695M. 6.75% cap.  
3. Tuffy Auto in Leesburg, FL: 4550 SF attractive auto repair center on .75 ac lot along Hwy-441 in Orlando suburbs. Across from Home Depot and near Lake Square Mall. 100% NNN corp lease with 10+ yrs left. NOI $94K/yr. $1.306M. 7.25% cap.
4. Shopping Center in Lake Mary, FL: 23,136 SF attractive shopping center built in 2003 on 2.62 ac lot in growing and high income Orlando suburbs. Anchored by Panera Bread. Between two major shopping centers and close to I-4. 100% leased. NOI $363K/yr. $4.5M. 8.08% cap.
5. Denny’s Restaurant in Palmdale, CA: 5214 SF Denny’s restaurant built in 1999 in growing & upper middle-class Southern California. Restaurant has been at this location for 15 yrs. On an outlot to Antelope Valley Mall, with 135 stores. Close to Hwy-37. New 20 yrs NNN lease to experienced operator. NOI $150K/yr. $2.73M. 5.49% cap.  
6. MOB in Downers Grove, IL: 19,200 SF Class-B medical office building in high income Chicago suburbs. Close to Advocate Good Samaritan Hospital. 86% leased. NOI $254K/yr. $2.99M. 8.51% cap.
7. Merryhill School in McKinney, TX: 7800 SF private school on 1.43 ac lot in growing (313.03% pop growth since 2000) and affluent (AHI $125K/yr in mile) Dallas suburbs. 100% NNN corp lease with 9 yrs left. NOI $151K/yr with rent increases every 5 yrs. $1.894M. 8% cap.
8. Joe’s Crab Shack in Lubbock, TX: 8595 SF Joe’s Crab Shack built in 1997 on 1.65 ac lot next to Hwy-289. Across from South Pains Mall. 100% NNN- corp lease with 13+ yrs left. NOI $195K/yr with 10% rent increases every 5 yrs. $2.61M. 7.50% cap.
9. Sweet Tomatoes in Westminster, CO: 9768 SF buffet restaurant built in 1999 on 1.58 ac lot in Denver suburbs. Close to Hwy-36. 20 yrs absolute NNN corp lease with 10+ yrs left. NOI $211K/yr with 1.25% annual rent increases. $2.995M. 7.06% cap. 
10. Merryhill School in Keller, TX: 7800 SF private school on 1.39 ac lot in affluent Fort Worth suburbs with an AHI of $126K/yr in 1 mile radius. 100% NNN corp lease with 9 yrs left. NOI $151K/yr with rent bumps every 5 yrs. $1.894M. 8% cap.

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