07-15-10 - Jack in The Box - Apartments - Walgreen's - For sale

1. Walgreen's in Fresno, CA: 14,820 SF new drug store on 1.59 acres corner near hwy 99.  25 yrs NNN lease.  NOI $345K/yr.$4.93M. 7% cap. 
2. Jack In the Box in Austin, TX: 2682 SF fast food restaurant built in 1999 on .92 acre in fast growing (52% since 2000) and strong income area.  18 yrs absolute NNN corp lease with 7 yrs remaining.  NOI $135K/yr. with 8% rent bump every 5 yrs.  Price reduced from $1.865M to $1.758M. 7.7% cap. 
3. Strip Center in Orland Park, IL: 8927 SF upscale retail center on ¾ ac lot in growing upper middle-class Chicago metro with AHI $91K/yr. 73% NNN leased.  Proforma NOI $134K/yr. $1.378M. 9.75% proforma cap. 
4. Apartments in Fort Worth, TX: 140-unit apartments on 6.63 acres lot.. 75% occupied.  Proforma NOI $404K/yr. $3.1M.  13% cap.  Just over $22k/unit! 
5. Apartments in Nashua, NH: attractive 22-unit apartments in Boston suburbs.  NOI $98K/yr.  Price reduced to $1.15M. 8.5% cap.

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