07-09-10 - Wendy's - Borders - Fry's Electronics - For sale

1. Applebee’s in Delano, MN: 3895 SF family restaurant on .87 acres outparcel to a shopping center in  growing middle class Minneapolis suburb. Long term NNN lease.  NOI $102K/yr with 2% annual rent increase.  $1.21M. 8.5% cap. 
2. Fry’s Electronics in Fountain Valley, CA: 77,028 SF single tenant retail center on 7.1 acres lot just off I-405 in high income (AHI $96K/yr) Orange county. New 10 yrs extension NNN lease.  NOI $860K/yr with 7.5% rent bump every 2.5 yrs.  $12.75M. 6.75% cap. 
3. Borders Books & Music in Sacramento, CA: 27,500 SF single-tenant retail center on 2.9 acres lot in the premier shopping corridor for Sacramento's upscale retailers and restaurants. 100% NNN lease with 9 yrs remaining.  NOI $357K/yr. $3.499M. 10.2% cap. 
4. Wendys in Altoona, IA: 3159 SF fast food restaurant built in 2004 on .97 ac apd to Target and Lowes anchored shopping center in Des Moines metro. New 20 yrs absolute NNN lease. NOI $125K/yr with 10% rent bump every 5 yrs.  Store with strong sales of $1.7M.  $1.618M. 7.75% cap. 
5. Shopping Center in Houston, TX: 11,407 SF multi-tenant shopping center in strong income and population area.  100% NNN leased by 5 tenants.  NOI $124K/yr. $1.373M. 9.10% cap. 
6. Shopping Center in Houston, TX: 12,560 SF multi-tenant shopping center in strong income and population area.  100% NNN leased by 7 tenants.  NOI $172K/yr. $1.895M. 9.11% cap. 
7. Shopping Center in Frisco, TX: 22,028 SF shopping center built in 1997 on 2.69 acres lot in fast growing upper middle class (AHI $107K/yr) Dallas metro.  91% NNN leased.  NOI $375K/yr. $4.5M. 8.34% cap. 
8. Sweet Tomatoes restaurant in Jacksonville, FL: 7604 SF franchised restaurant on 1.6 acres across from Regency Square Mall.  20 yrs absolute NNN lease with 9 yrs remaining.  NOI $174K/yr. $1.936M. 9% cap. 
9. Goddard Childcare Center in Murrieta, CA: 8135 SF 3-yrs old childcare center on 1.62 acres lot in a fast growing (110% since 2000) and high income (AHI $97K/yr).  100% NNN leased by a national childcare provider till 2022. NOI $158K/yr with 3% avg. annual rent bump.  $1.666M. 9.5% cap. 
10. Advance Auto in Rocky Mount, NC: 7000 SF auto parts center built in 2005 on .8 acres lot.  100% NNN lease with 9 yrs remaining.  NOI $107K/yr. with rent increase in 2015. $1.4M. 7.7% cap.

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