03-05: Jack in the Box, Professional Office, Retail Center

1. Office Building in Pasadena, TX: 55,565 SF Class-B office building on 1.50 ac lot in growing Houston suburbs. Close to Pasadena Town Square and Southmore Medical Center. 77% leased to multiple tenants. NOI $316K/yr. $3.3M. 9.58% cap.
2. Retail Center in Miami, FL: 20,706 SF well kept shopping center on 1.86 ac lot at a busy corner location. Along Hwy-1/5. Close to Southland Mall. Pro forma NOI $205K/yr. $1.9M. 10.80% pro forma cap.
3. Professional Building in Round Rock, TX: 10,415 SF Class-A office building on 1+ ac lot in high income Austin suburbs. Close to St David’s Round Rock Medical Center and I-35. 100% NNN leased to Texan Allergy, Wellmed Medical Management and Bank. NOI $218K/yr. $3.124M. 7% cap.
4. Office Building in Vacaville, CA: 33,610 SF Class-A office building on 2.37 ac lot in high income Solano County. 92% leased to multiple tenants. Actual NOI $363K/yr. $4.715M. 7.71% actual cap. Upside potential.
5. Jack in the Box in El Monte, CA: 2684 SF drive-thru fast food restaurant completed in 2005 at a corner location in densely populated Los Angeles area. 18-yrs NNN corp lease with 9-yrs left. NOI $119K/yr. $2.283M. 5.24% cap.
6. Brake Masters in Ventura, CA: 3492 SF 6-bay auto center built in 1999 at a signalized corner location in Southern California. Close to Community Memorial Hospital, Ventura County Medical Center and Pacific View Mall. New 18-yrs absolute NNN lease. NOI $84K/yr. $1.414M. 6% cap.
7. Shopping Center in Saint Cloud, FL: 88,264 SF well maintained shopping center on 10+ ac lot along major artery in Orlando suburbs. Major tenants include: 42,112 SF Gold’s Gym, Mizu Supermarket and Outback Steakhouse. 97% leased with only two vacancies. NOI $769K/yr. $9.5M. 8.10% cap.
8. Office Building in Westminster, CO: 55,019 SF recently renovated Class-A office building in growing and high income Denver suburbs. 94% leased. NOI $549K/yr. $7.1M. 7.74% cap.
9. Retail Center in Norcross, GA: 26,227 SF well kept retail center on over 2 ac corner lot with excellent ingress/egress in Atlanta suburbs. $2.9M. NOI/Cap N/A. 

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