06-15: Advance Auto, Car Care center, Retail centers, Fresh & Easy, KFC, Carl's Jr

1.       Advance Auto Parts in West Allis, WI:  7504 SF Advance Auto built in 2007 on 1.14 acres lot in Milwaukee metro.  15 yrs NN corp lease with 12+ yrs remaining.  NOI $139K/yr. $1.737M. 8% cap.

2.       Car Care Center in Lake in the Hills, IL: 10,545 SF Car care center built in 1997 on 1.14 acres lot in upper middle-class Chicago suburbs (AHI $98K/yr w/i 3 mile).  100% leased to 3 tenants: Marco Muffler & Brakes, Weber Automotive, and Handle With Care Carwash.  NOI $145K/yr. $1.05M. 9.63% cap.

3.       Retail Center in Laveen, AZ: 14,446 SF inline retail center on 1.5 acres lot as part of a 106,800 SF shopping center anchored by Safeway, and BofA in Phoenix metro. Across the street from Home Depot, Fry’s Supermarket, Walgreens, CVS drug, and LA Fitness.  100% NNN leased to 7 good tenants: UPS store, Urgent Care center, Fantastic Sams, Papa John’s, Pacific Dental, Nail salon, and Chiropractor.  NOI $325K/yr. $4.34M. 7.5% cap.

4.       Fresh & Easy in Avondale, AZ: 14,390 SF Fresh & Easy market in Phoenix metro.  20 yrs NNN ground lease (land is for sale, tenant owns the building) with 18 yrs remaining.  NOI $120K/yr. $1.714M. 7% cap.

5.       Jiffy Lube in La Habra, CA: 1937 SF Jiffy Lube on .39 acre lot at a hard corner in high income area.  100% NNN lease.  NOI $78K/yr with 4% annual rent bump. $1.197M. 6.5% cap.

6.       Executive Center in San Diego, CA: 24,317 SF 2-story class-A office building completed in 2005 on 1.7 acres lot.  100% occupied by 9 tenants.  NOI $489K/yr.  $6.2M. 7.9% cap.

7.       Office Building in The Woodlands, TX: 11,855 SF brick office building on 2/3 ac lot in affluent (AHI $125K/yr in 3 miles) Northern Houston suburbs.  100% leased.  NOI $155K/yr. $2.1M. 7.4% cap.

8.       KFC in Omaha, NE: 2784 SF KFC on .8 ac lot in high income area (AHI $85K/yr in 3 mile).  New 20 yrs absolute NNN lease to an operator with 64 units.  NOI 90K/yr with 10% rent bump every 5 yrs.  $1.161M. 7.75% cap.

9.       Retail center in Reno, NV: 10,965 SF retail center in growing middle class area.  100% leased.  NOI $88K/yr. Appraised at $1.4M.  $1.28M. 7% cap.

10.   Medical Office Building in Orlando, FL: 53,000 SF 3-story lake-front medical office building on 4.25 acres lot adjacent to Orlando Regional Medical Center (ranked nationally in 2 pediatric specialties). 100% leased to 2 AAA credit tenants: Nemours Foundation and Mid-Florida Cardiology.  NOI $720K/yr. $7.5M. 8.86% cap.

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