1. Arbys in Mundelein, IL: 4097 SF fast food restaurant built in 1986 on .88 ac outparcel to a neighborhood center anchored by Jewel Oslo supermarket (chain with 185 stores) and Burlington Coat Factory in wealthy (AHI $121K/yr) Chicago suburbs. 20 yrs NNN lease with 10 yrs remaining by an operator with 58 units. NOI $84K/yr. $1.05M. 8% cap.
2. Walgreens in Bee Cave, TX: 14,689 SF drugstore built in 2008 on 2.13 acres lot near Austin in one of the wealthiest (AHI $180/yr within 1 mile) area in TX. 100% NNN lease with 23 yrs remaining. NOI $346K/yr. $3.015M. 6.9% cap.
3. Strip center in Kansas City, MO: 6375 SF strip center built in 2009 on 1.45 acres outparcel to 600,000-Square-Foot Power Center Anchored by Target, Lowe's, Kohl's, Best Buy, Bed Bath & Beyond. 100% NNN leased by 2 national tenants. NOI $201K/yr. $2.24M. 9% cap.
4. Sprouts Farmers Market in Culver City, CA: 32,873 SF single-tenant retail center on 2.63 acres lot in a densely populated (over 700K residents within 5 miles ring), high income (AHI $100K/yr) North of LAX. Easy access to I-405 and Hwy 90. New 15 yrs NNN leased by growing Sprouts Farmers Market, founded in 2002 with 51 store in 4 states. Directly across the street from 1,000,000+ square foot Westfield Culver City regional mall anchored by Target, Best Buy, JC Penney and Macy's. NOI $754K/yr with $2/SF rent bump every 5 yrs. $11.63M. 6.5% cap.
5. Retail center in Houston, TX: 9463 SF 4-yr old retail center in a wealthy area with AHI $102K/yr. 100% NNN leased by 5 tenants: Snap Fitness, Triple Toys, Fioza Gourmet Coffee and Tea, UPS and Afton Oaks Cleaners. NOI $173K/yr. $2.035M. 8.5% cap.
6. Apartments in Irving, TX: 134-unit apartments on 5.2 acres lot in strong rental Dallas metro. Large floor plan units with avg SF of 900 SF. Profroma NOI $482K/yr. $3.45M. 14% potential cap.
7. Retail office Plaza in Castaic, CA: 22,400 SF 3-building retail office complex with I-5 visibility in fast growing (37%) and high income (AHI $94K/yr) LA county. 90% leased. NOI $293K/yr. $3.995M. 6.9% cap.
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