02-10: PLS Check Cashers, BREAKmax, El 30 Mariscos, MOB

1. PLS Check Cashers in Arlington, TX: 2592 SF recently renovated single tenant retail building on .41 ac lot at a signalized intersection and along main retail artery in Fort Worth suburbs. Outparcel to Kohl’s and close to I-20. 10-yrs NNN- lease with 9-yrs left to a growing credit tenant with over 300 units. NOI $77K/yr with a 10% rent bump in yr-6. $1.149M. 6.74% cap.
2. Shopping Center in Brownsville, TX: 56,204 SF attractive shopping center built in 2002 on 5.85 ac lot with four points of access and along main corridor. Across from 75,000 SF H-E-B grocery. Credit tenants include: Buffalo Wild Wings, Cricket, Sprint PCS, Supercuts and EZMoney. 100% NNN leased. NOI $749K/yr. $9.991M. 7.50% cap.
3. BREAKEmax in Tucson, AZ: 5487 SF vehicle service center on .62 ac lot in a growing area. Close to Tucson Mall and Hwy-77. New 10-yrs absolute NNN corp lease. NOI $77K/yr with 7.5% rent increases every 5-yrs. $1.138M. 6.85% cap.
4. Office Building in Grapevine, TX: 4896 SF Class-B office building in growing and high income (AHI $115K/yr in 5 mile ring) Fort Worth Dallas suburbs. Close to Baylor Regional Medical Hospital and Hwy-114. 100% leased to three tenants. NOI $76K/yr. $950K. 8% cap.
5. Shopping Center in Orange, CA: 30,400 SF well maintained shopping center along major retail corridor in densely populated (534,000 residents in 5 mile radius) and high income (AHI $91K/yr in 3 miles) Southern California. 100% NNN leased. NOI $513K/yr. $8.4M. 6.11% cap.
6. Retail Center in Northville Township, MI: 14,000 SF retail center in high income Detroit suburbs. Near I-275. 83% leased. Actual NOI $119K/yr. $1.295M. 9.25% actual cap. Upside potential when fully leased.
7. El 30 Mariscos in Oxnard, CA: 5727 SF highly rated on Yelp upscale Mexican Seafood Restaurant on .73 ac lot in upper middle class Southern California. Adjacent to Fremont Square Shopping Center with Albertsons, Starbucks, Party Supply Depot, Rite Aid and more. 100% NNN lease with 6-yrs left. NOI $68K/yr. $1.145M. 6% cap.
8. Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4.80 ac lot along main retail corridor in affluent (AHI $112K/yr in 3 miles) Atlanta metro. 100% leased. NOI $436K/yr. $4.477M. 9.75% cap.
9. Retail Center in Palos Heights, IL: 5548 SF retail center on .69 ac outparcel to Jewel-Osco supermarket in high income Chicago suburbs. 100% NNN leased to Lou Malnati' s Pizzeria, Great Clips, Jersey Mike' s Subs and Forever Yogurt. NOI $126K/yr. $1.8M. 7% cap.
10. MOB in Dallas, TX: 11,500 SF Class-B single tenant medical office building on over 4 ac lot in a growing and high income area. 100% NNN lease with 7-yrs left to Scott Sabolich Prosthetics & Research, a leader in prosthetic care, design and innovation. NOI $185K/yr. $2.645M. 7% cap.

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