02-14: Carls Jr, TitleMax, Strip centers

1. Strip Center in Alsip, IL: 11,238 SF strip center in high income Chicago metro with excellent visibility.  100% NNN leased to 7 local tenants.  NOI $148K/yr.  $1.649M. 9% cap. 
2. Office building in Livingston, NJ: 21,710 SF 3-story office building in affluent & prestigious New York suburbs with AHI of $162K/yr in 1 mile.  NOI $192K/yr. $2.65M. 7.25% cap. 
3. TitleMax in Bellwood, IL: 5139 SF single-tenant retail center built in 2003 on an outparcel to Aldi grocery in Chicago metro. 10 yrs NNN- till 2013 to TitleMax with 1100+ store in 12 states.  NOI $77K/yr with 2.5% annual rent bumps.  $1.185M. 6.5% cap.
4. Shopping Center in Kennewick, WA: 13,014 SF shopping center built in 2004 on 1.45 ac lot across from Home Depot and next to Walmart.  100% leased to 8 tenants.  NOI $202K/yr. $2.791M. 7.25% cap.
5. Carl's Jr in Phoenix, AZ: 4361 SF restaurant built in 1984 on .76 ac lot near I-17.  100% absolute NNN lease with 11 yrs left to an operator with 150 locations.  NOI $158K/yr.  $2.346M. 6.75% cap.

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