09-06: Oil Express, CVS, DQ, Burlington Coat Factory, Pizza Hut, Shopping centers

1. Retail Center in Fredericksburg, VA: 5375 SF 6-unit strip center on a busy highway in growing area just South of Washington DC.  100% leased.  NOI $94K/yr. $1.15M. 8.2% cap. 
2. Oil Express in Martinez, CA: 2232 SF Oil change facility built in 1991 on ¼ ac lot in high income San Fran metro.  10 yrs absolute NNN lease with no landlord responsibilities to a multi-unit operator.  NOI $70K/yr.  Just $875K. 8% cap. 
3. CVS Pharmacy in Detroit, MI: 10,880 SF drug store on 1.32 ac lot. 20 yrs absolute NNN lease till 2024.  NOI $257K/yr. $3.674M. 7% cap.
4. Apartments in Oklahoma City, OK: 170-unit 2-story tudor apartments complex on 5.59 ac lot. Amenities include a swimming pool and on-site laundry facilities. NOI $466K/yr. $5.45M. 8.56% cap. 
5. Dairy Queen in Fort Lauderdale, FL: 3329 SF DQ restaurant built in 2003 on .8 ac lot on Hwy 1 in high income area (AHI $88K/yr in 1 mile).  Tenant recently spent $430K on renovation. New 15 yrs NNN lease to an experienced operator.  NOI $135K/yr with generous 3% annual rent bumps. $2.076M. 6.5% cap.
6. Burlington Coat Factory in Raleigh, NC: 62,516 SF big box retail condo on a major artery.  100% leased to BCF with 1+ yrs left.  NOI $266K/yr. $2.8M. 9.5% cap.
7. Shopping Center in lake Elsinore, CA: 17,600 SF 12-unit shopping center on 1.58 ac lot.  90% leased.  NOI $238K/yr. $2.98M. 8% cap. 
8.  Pizza Hut & KFC in Renton, WA: 2 freestanding restaurants (2345 SF & 2485 SF) on 2/3 ac outparcel to Safeway grocery in Seattle metro.  100% leased to KFC and Pizza Hut at below market rent.  NOI $83K/yr. $1.55M. 5.4% cap.    Upside potential. 
9. Strip Mall in Westminster, CO: 5000 SF strip center on 1/3 ac lot in Denver metro.  100% leased.  NOI $80K/yr. $899K. 9% cap.

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