02-15: Just Brakes, Del Taco, Shopping Centers

1. Retail/Office Center in Melbourne, FL: 61,746 SF retail & office complex built in 2001 on 6.5 ac lot adjacent to Sam’s Club with easy access to I-95.  High income and growing area.  100% NNN leases.  NOI $384K/yr $4.9M. 7.84% cap. 
2. Just Brakes in Lafayette, CO: 3800 SF auto service center built in 2005 on ½ ac lot in high income Denver suburbs.  20 yrs corp NNN lease by Just Brakes, a regional tenant with 160 centers.  NOI 78K/yr with 2% annual rent bumps in the 1^st 12 yrs. $975K.  8% cap.
3.  Shopping Center in Columbia, SC: 58,207 SF retail center.  Anchored by 4 national & regional tenants occupying 88% of the center: Save A Lot grocery, Dollar General, Rent-A-Center and Citi Trends fashion.  92% leased.  NOI $339K/yr. $3.65M. 9.3% cap. 
4. Shopping Center in Fresno, CA: 35,963 SF 5-yrs old retail center on 4.2 ac lot.  Anchored by FitU, a regional fitness center with 12 locations and Family Dollar store.  Shadow anchored by AutoZone.  100% leased.  NOI N/A.  $3.75M.  Just over $100/SF. 
5. Office Building in Locust Valley, NY: 25,408 SF 2-story office building on 1.12 ac lot in high income New York metro (AHI $126K/yr in 1 mile).  90% occupied.  NOI $354K/yr. $3.9M. 9% cap. 
6. Shopping Center in Toledo, OH: 22,400 SF multi-tenant shopping center on 3.15 ac lot.  100% leased.  NOI $216K/yr. $2.16M. 10% cap. 
7. Del Taco Restaurant in Greeley, CO: 2240 SF Del Taco restaurant on .8 ac lot in a growing area North of Denver.  Across from Greeley Mall.  20 yrs NNN lease with 15 yrs left.  NOI $132K/yr. $1.76M. 7.5% cap. 
8. Shopping Plaza in Port Orange, FL: 14,611 SF retail plaza built in 2005 on 1.61 ac outparcel to Super Target and Lowes Center next to I-95 in Daytona Beach.  Anchored by Panera Bread.  NOI $357K/yr. $4.75M. 7.5% cap.

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