01-15: Jiffy Lube, KFC, AAP, China Star, MOB, Retail Centers

  • Jiffy Lube in Missouri City, TX: 3735 SF Jiffy Lube built in 1993 on .48 ac lot at a major retail corridor in a fast growing and high income Houston suburbs. Across from Riverstone Shopping Center with, Home Depot, Target, PetSmart, Hobby Lobby and more. Near Walmart and Lowe’s. New 20-yrs NNN lease. NOI $150K/yr with 10% rent bumps every 5-yrs. $2.222M. 6.75% cap.
  • KFC in Elgin, IL: 2739 SF single tenant fast food restaurant along busy thoroughfare in Chicago suburbs. 100% absolute NNN lease with 10+ yrs left      . NOI $60K/yr with 10% rent increases every 5-yrs. $1.005M. 6% cap.
  • Shopping Center in Lauderhill, FL: 28,265 SF attractive shopping center on 2.79 ac corner lot along main artery in fort Lauderdale metro. NOI $319K/yr. $4.5M. 7.09% cap.
  • Retail/Industrial Complex in Dublin, CA: 59,754 SF consisting of five buildings on 3 ac lot in wealthy San Francisco metro with an AHI of $121K/yr  in a 3 mile ring. Easy access to I-680/580. 95% leased to sixteen tenants. NOI $675K/yr. $11.255M. 6% cap.
  • Retail Building in Phoenix, AZ: 81,200 SF big box retail building completed in 2013 on 5.63 ac lot at a prime retail corridor in growing (141.64% pop growth) area.  Across from Walmart Supercenter. 100% corp leased to Goodwill and C-A-L Ranch Stores with 25 stores. NOI $530K/yr. $8.035M. 6.61% cap.
  • Advance Auto Parts in Memphis, TN: 5675 SF Auto Parts Center on .63 ac lot in a densely populated area. Close to Regional Medical Center and I-240. 100% NNN leased with 4-yrs left. NOI $88K/yr. $1.1M. 8% cap.
  • China Star in Las Vegas, NV: 6300 SF attractive buffet restaurant built in 2007on over 1 ac lot in densely populated (395,000 residents in 5 miles) and upper middle class area. Adjacent to      major centers with Big Lots, Home Depot, Walgreens, Petco and more. 20 yrs  NNN leased till 2027. $2.1M. NOI $151K/yr.  7.2% cap.
  • KFC in Joliet, IL: 3101 SF well maintained KFC restaurant on .82 ac lot in growing and middle class Chicago MSA. Close to Provena Saint Joseph Medical Center and Jefferson Square Mall. 100% absolute NNN lease. NOI $60K/yr with 10% rent increases every 5-yrs. $1.012M. 6% cap.
  • MOB in Kalamazoo, MI: 8800 SF Class-B multitenant medical office building completed in 2006 on 1.62 ac lot adjacent to Borgess Medical Center. 100% leased. NOI $147K/yr. $2.09M. 7.04% cap.
  • Retail Center in Coon Rapids, MN: 18,102 SF eye-catching retail center built in 2006 on 2 ac lot in high income Minneapolis suburbs. On/off ramp of Hwy-10. Close to Riverdale Village with Costco, Menards, Best Buy, Kohl’s and Dick’s Sporting Goods. 94% leased with good tenant mix. NOI $302K/yr. $4.1M. 7.39% cap.