09-07: Shopping Center, Arby's, Wendys, CVS, Starbucks For Sale

1.      Shopping Center in Brownsville, TX: 17,900 SF 2 building 5-yrs-old retail center on 2.31 acres outparcel to Walmart in a fast growing city.  85% NNN leased with several national tenants: Payless shoes, Cato Fashion, Gamestop, Radio Shack, and Sally Beauty supplies.  Actual NOI $268K/yr.  $2.575M.  10.42% cap.  Upside potential when 100% leased.

2.      Arby’s in Oak park Heights, MN: 4337 SF restaurant built in 1998 on 1.39 acres lot in affluent St Paul suburbs.  Surrounded by Kowalski's Market, Menard's, Kohl's, TJ Maxx, Pier 1 Imports, Wal-Mart, Lowe's, Target, Cub Foods, and Office Max.  100% NNN leased till 2021 by the largest Arby’s franchisee with 800 locations.  NOI $97K/yr. with 1% annual rent bump. $1.197M. 8.1% cap.

3.      Wendy’s in Milwaukee, MN: 2881 SF restaurant on .79 acres lot.  New 20 yrs NNN lease by 2^nd largest Wendys franchisee with 200 locations and $460M in annual sales.  NOI $130K/yr. 1.5% annual rent bump. $1.677M. 7.75% cap.

4.      CVS Pharmacy in Jonesboro, GA: 10,722 SF drug store built in 1997 on .92 ac corner lot on a major artery in Atlanta Southern suburbs. 20 yrs NNN leased till 2017.  NOI $213K/yr with rent increased to $219K in 2012. $2.373M. 9% cap.

5.      Arbys in Layton, UT: 2100 SF restaurant on a corner lot growing middle-class Salt Lake City metro.  100% NNN lease with 5 yrs remaining.  NOI 73K/yr (Nov 2010).  Only $875K. 8.38% cap.

6.      Starbucks in Appleton, WI: 3250 SF Starbucks on a busy road.  100% NNN- leased with 6 yrs remaining.  NOI $76K/yr. $1.025M. 7.5% cap.

7.      Strip mall in Anaheim, CA: 8100 SF strip mall on .92 acre outparcel to Target in stable middle class city in Orange county with over 650K residents within 5 miles ring.  Easy access to I-5.  Completely remodeled in 2009.  100% NNN leased with stable tenants.  NOI $160K/yr. $2.295M. 7% cap.

8.      Shopping Center in Orlando, FL: 92,000 SF 25-unit shopping center remodeled in 2009.  Anchored by a supermarket and Family Dollar store.  90% leased.  Gross income $1.128M. $7.7M. 11% cap.

9.      Carl Jr’s and Green Burrito in Manteca, CA: 2877 SF dual-branded fast food restaurant on an outparcel to a shopping center anchored by Save Mart supermarkets & Rite Aid.  100% NNN lease with 5 yrs remaining.  NOI $125K/yr. $1.79M. 7.02% cap.

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