04-13: Jack in the Box, Days Inn & Suites, Jiffy Lube

1. Shopping Center in San Mateo, CA: 13,639 SF retail center on 1+ ac lot in affluent San Mateo city.  Shadow anchored by Walgreens.  100% NNN leased to 5 national/regional tenants: Massage Envy, Little Caesar, Weight Watcher, Scottrade, and Sola Salon.  NOI $405K/yr. $6.25M. 6.5% cap. 
2. Jack in the Box in Rowlett, TX: 2800 SF free-standing restaurant on .96 ac lot at major retail corridor in high income Dallas suburbs. 100% absolute NNN lease with 27 yrs left.  2011 sales $1.194M. NOI $114K/yr with 10% rent increases every 5 yrs. $1.727M. 6.60% cap.  
3. Shopping Center in Suwanee, GA: 68,400 SF upscale shopping center built in 2006 anchored by Office Depot in affluent Atlanta suburbs (AHI $105K/yr). Near Wal-Mart Supercenter and Lowe’s. 81% leased. NOI $655K/yr. $7.8M. 8.40% cap.  
4. Days Inn & Suite in Houston, TX: 85-unit motel built in 2001 on 1.65 ac lot with frontage and off-of I-45 exit. Amenities include: Outdoor Swimming Pool, Jacuzzi Suites, Fitness Center and Meeting Room. $2.895M. Only $34K per room.  
5. Shopping Center in Salinas, CA: 24,732 SF shopping center built in 1998 along Hwy-101. Close to Northridge Mall and Auto Center. In middle class town 40 minutes from Silicon Valley. 94% leased. NOI $471K/yr. $7.15M. 6.60% cap. 
6. Shopping Center in Houston, TX: 30,000 SF shopping center constructed in 2004 on 2+ ac lot across from Fiesta Supermarket anchored center. All tenants are facing main thoroughfare. 100% NNN leased to 11 tenants. NOI $320K/yr. $3.2M. 10% cap.  
7. Jiffy Lube in San Leandro, CA: 3584 SF Jiffy Lube completely renovated in 1990 on .25 ac lot on the busy Hesperian Blvd. Close to Bayfair Center and I-580 in Northern CA. 100% absolute NNN lease with 8 yrs left. NOI $67K/yr with 2½% annual rent increases. $1.085M. 6.25% cap.  
8. Retail Center in Sacramento, CA: 24,085 SF 9-units retail center on 2+ ac lot across from Florin Towne Center with excellent access to Hwy-99. 72% leased. NOI $263K/yr. $2.695M. 9.8% proforma cap.  
9. Strip mall in Concord, CA: 2894 SF free-standing retail building on .32 ac lot in high income San Francisco Bay area (AHI $90K/yr). 100% NNN leased to Starbucks Coffee (corp lease) & Kumon Learning Center. NOI $100K/yr. $1.99M. 5.06% cap. 
10. Retail Center in Richmond, TX: 11,943 SF newly constructed shopping center on 1.60 ac lot along main thoroughfare. In growing (399% since 2000) and upper middle-class (AHI $78K/yr in 1 mile) Houston suburbs. NOI $294K/yr. $3.675M. 8% cap.

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