01-26: Starbucks Coffee, MOBs, Jiffy Lube, Retail Centers

  • Starbucks Coffee in Benbrook, TX: 1825 SF highly rated on Yelp drive-thru Starbucks Coffee built in 2005 in growing and upper middle class Fort Worth suburbs. On an on/off ramp of I-20/820. 15-yrs absolute NNN corp lease with 5-yrs left. NOI $83K/yr. $1.39M. 6.01% cap.
  • MOB in Orlando, FL: 23,763 SF Class-A multi-tenant medical office building on over 1 ac lot. Close to Orlando Regional Medical Center and I-4. 100% NNN leased. NOI $396K/yr. $5.495M. 7.22% cap.
  • MOB in Scottsdale, AZ: 69,375 SF Class-A medical office building completed in 2003 on 5.69 ac lot in booming (151% pop growth since 2000) and affluent Phoenix metro with an AHI of $127K/yr in 1 mile. With easy access to Hwy-101. 85% leased to multiple tenants. 8% cap. Price N/A.
  • Retail Center in Spring, TX: 26,770 SF attractive retail center built in 2005 on 2.24 ac lot along main artery in high income (AHI %98K/yr) Houston suburbs. 95% NNN leased. NOI $441K/yr. $5.25M. 8.40% cap.
  • Jiffy Lube in Phoenix, AZ: 2300 SF auto service center on .69 ac lot along major retail corridor and in a high income neighborhood.  Across from Basha’s Grocery anchored center. Close to I-10. 100% absolute NNN lease with over 10-yrs left to a strong operator with 50-units.  NOI $105K/yr. $1.375M. 7.68% cap.
  • Strip Center in Gardena, CA: 5502 SF consisting to two retail buildings at a signalized intersection in densely populated Los Angeles area. NNN leases. NOI $113K/yr. $1.89M. 6% cap.
  • MOB in Richland, WA: 7912 SF well maintained multitenant medical office building on .70 ac lot adjacent to 249-bed Kadlec Regiional Medical Center. Pro forma NOI $93K/yr. $1.25M. 7.45% pro forma cap.
  • Mix-Used in Newhall, CA: 23,300 SF well kept retail/office building in growing and high income (AHI $94K/yr in 3 miles) Los Angeles suburbs. NOI $279K/yr. $4.05M. 6.90% cap.
  • MOB in Saint Clair Shores, MI: 11,112 SF single-tenant medical office building renovated in 2014 on over 1 ac lot in Detroit suburbs. 100% NNN lease with 5-yrs left to William Beaumont Hospital. NOI $192K/yr. $2.9M. 6.50% cap.
  • MOB in Orlando, FL: 6400 SF Class-A multitenant medical office building on nearly 1 ac lot anchored by Quest Diagnostics. Across from Publix Supermarket center. 100% leased. NOI $222K/yr. $2.965M. 7.50% cap.