12-10: Hibachi Grill & Supreme Buffet, Johnny Carino's, Chase Bank, Tire Kingdom

1. Hibachi Grill & Supreme Buffet in Phoenix, AZ: 11,340 SF buffet restaurant on over 1 ac outparcel to Metro Center Mall and Castles –n- Coasters theme park. Close to I-17. 100% leased. NOI $147K/yr. $2.45M. 6% cap.
2. Johnny Carino’s in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at main retail corridor. Between Lowe’s & across from Walmart Supercenter. Near I-210. 17 yrs absolute NNN corp lease with 7 yrs left. NOI $173K/yr with 1.5% annual rent increases. $1.828M. 9.50% cap.
3. MOB in Cedarhurst, NY: 20,000 SF Class-A medical office building in affluent New York metro with an AHI of $139K/yr in 1 mile. 100% leased to several stable tenants. NOI $364K/yr. $5.2M. 7% cap.
4. JP Morgan Chase in Lancaster, CA: 3800 SF drive-thru Chase Bank constructed in 1990 on .34 ac lot in growing Los Angeles suburbs. Across from Superior grocery center. 100% NNN lease to JP Morgan Chase with 2 yrs left. NOI $72K/yr. $1.2M. 6% cap.
5. Office Building in Santa Cruz, CA: 15,060 SF Class-B office building on nearly one ac lot in high income coastal town in Northern CA with an AHI of $93K/yr. Near Costco. 100% NNN leased to three tenants. NOI $261K/yr. $2.675M. 9.77% cap.
6. Shopping Center in Liberty Township, OH: 24,007 SF attractive shopping center built in 2005 on 5.44 ac lot in affluent (AHI $135K/yr) Cincinnati suburbs. All units face main corridor. 100% leased. NOI $321K/yr. $3.573M. 9.01% cap.
7. Shopping Center in Lompoc, CA: 25,000 SF well maintained shopping center completed in 1998 on 1.88 ac lot in growing city in Southern California. 75% NNN leased. NOI $238K/yr. $2.975M. 8% cap.
8. Office Building in Seattle, WA: 4642 SF well kept office building in growing and high income (AHI $102K/yr) area. Close to Alki Beach. NOI $75K/yr. $1.25M. 6.01% cap.
9. Strip Center in Huntington Station, NY: 5500 SF strip center at a corner location in affluent New York metro with an AHI of $122K/yr in 3 mile radius. 100% leased to Dunkin Donuts, Deli, Beauty Salon and Cleaners.  NOI $129K/yr. $1.999M. 6.50% cap.
10. Tire Kingdom in Saint Petersburg, FL: 7689 SF well maintained tire center on .60 ac lot along Hwy-19 in Tampa suburbs. Tenant has been at this location since 1986. 100% absolute NNN corp lease with 5 yrs left. NOI $73K/yr. $1.05M. 7% cap.

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