10-25: Chipotle Mexican Grill, Del Taco, Texas Roadhouse, Pier 1 Imports, REO'ed Center

1. Retail Buildings in Lacey, WA: 5,000 SF & 4,032 SF well maintained free-standing retail buildings on 2 outparcels to Safeway grocery and Goodwill anchored shopping center in growing Tacoma suburbs. 100% NNN leased to AutoZone and Farrelli’s Pizza, a regional tenant with 6 units. NOI $187K/yr. $2.665M. 7.03% cap.
2. Chipotle Mexican Grill in Cincinnati, OH: 3,194 SF Chipotle restaurant renovated in 2011 on .75 ac outparcel to a shopping center at main retail corridor in upper middle-class neighborhood. Across from Kroger grocery center. 10 yr NNN- corp lease with 8+ yrs left. NOI $65K/yr. $1.087M. 6% cap. Location with strong sales of over $1.4M.
3. Del Taco in Modesto, CA: 2,640 SF drive-thru well maintained Del Taco restaurant with play ground on .91 ac lot at a hard corner location. 100% NNN lease with 10+ yrs left to strong regional franchisee with 10 units. NOI $ 93K/yr. $1.25M. 7.50% cap.
4. Retail Center in Elgin, IL: 21,564 SF retail center at a busy corner location in growing and high income (AHI $80K/yr in 3 mile radius) Chicago suburbs. Tenants include: 7-Eleven, Second Bank, Hair Station, Jang’s Taekwondo, Dun Devil Tan and China King Restaurant. 95% leased with only one 900 SF unit available. NOI $267K/yr. $3.75M. 7.12% cap.
5. Shopping Center in Gurnee, IL: 24,420 SF attractive shopping center built in 1992 on 1.75 ac lot in growing upper middle-class Chicago suburbs. Just minutes from Six Flags Great America and close to Hwy-41. 100% leased. NOI $258K/yr. $3.23M. 8% cap.
6. REO'ed Shopping Center in Riverside, CA: 11,306 SF L-shaped lender owned retail center at a corner lot across from Kaiser Permanente Riverside Hospital. Near Galleria at Tyler Mall and Hwy-91. NOI $128K/yr. $1.895M. 6.80% cap. 
7. Texas Roadhouse in Augusta, GA: 7,500 SF newly constructed steak restaurant on 1.87 ac lot in fast growing area. Across from Doctors Hospital of Augusta.  New 15 yrs NNN corp ground lease (land is for sale).  NOI $110K/yr with 10% rent increases every 5 yrs. $2M. 5.5% cap.
8. Shopping Center in Las Vegas, NV: 24,222 SF shopping center at a signalized location & at a major retail corridor. Close to Kindred Hospital, progressive Hospital and the Strip. 90% leased. NOI $240K/yr. $2.965M. 8.10% cap.  
9. Pier 1 Imports in Lafayette, IN: 9013 SF single tenant retail building on over 2 ac lot across from Tippecanoe Mall. Tenant has been at this location since 1995. 100% NNN recently extended lease with 5 yrs left. NOI $126K/yr. $1.534M. 8.25% cap.

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