01-12: Midas, Animal Hospital, Cash America, Mexican Restaurant, Multi Family, Rite Aid

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  1. Midas Auto in Campbell, CA: 4000 SF Midas at an irreplaceable location  next to Hwy 17 exit in high-income Silicon Valley.  Tenant has been here for 37 years and just signed a new 9 yr corp NNN lease.  NOI $102K with 10% rent bump in 2018.  $2.148M. 4.75% cap.
  2. Strip Center in Sacramento, CA: 5818 SF strip center on a busy artery.  100% leased to 3 stable tenants who have been there for over 10 yrs: Laundromat,  Liquor store, and Yelp highly-rated Crazy Sushi restaurant.  NOI $89K/yr. $1.39M. 6.4% cap.
  3. VCA Animal Hospital in Saginaw, TX: 6071 SF animal hospital with surgical facilities built in 2004 on .98 ac lot in high-growth, strong-income Dallas-Fort Worth metro.  15 yrs absolute NNN lease to publically traded VCA Animal Hospitals (NASDAG: WOOF) with 5 yrs left.  NOI $174K/yr. $2.366M. 7.35% cap.
  4. Cash America in Indianapolis, IN: 8000 SF single-tenant Cash America on 2.17 ac lot.  100% NNN- lease to Cash America, a national tenant with 5 yrs left. NOI $72K/yr. $900K.  8% cap.
  5. Retail Center in Edmond, OK: 15,970 SF 9-unit retail center on 1.64 ac lot in Oklahoma City metro. 91% NNN leased.  Actual NOI $197K/yr. $2.6M. 7.6% cap.  Upside potential when fully leased.
  6. Mendoza’s Tequeria restaurant in San Jose, CA: 3200 SF Mexican highly-rated restaurant on a main artery in San Jose.  Tenant has been here for 15 yrs and just extended for 6 yrs. NOI $101K/yr with rent bump in late 2015.  $1.68M. 6% cap.
  7. Multi-family in Plainfield, NJ: portfolio of 2 multi-family properties in middle class NY metro consisting of 14-unit with combined 11,996 SF.  NOI $116K/yr. $1.35M. 8.61% cap.
  8. Rite Aid in Warren, OH: 11,325 SF drug store built in 1996 on 1.95 ac lot in Cleveland suburbs.  100% NNN- leased till 2028. NOI $151K/yr. $2.399M. 6.4% cap.
  9. Multi-Family in Homestead, FL: 12-unit beautiful multi-family in gated communities in south Miami. NOI $87K/yr. $1.45M. 6% cap.