1. Popeyes in San Antonio, TX: 2940 SF restaurant built in 1996 on .9 acres lot on a major retail corridor with easy access to I-410. 15 yrs NNN lease till 2021 to the 2nd largest Popeyes franchisee with 50 locations and $42M in annual revenue. NOI $93K/yr with 10% rent bump every 5 yrs ($103K/yr in Sept 2011). $1.206M. 7.75% cap (8.56% in 2011).
2. Autozone in Madera, CA: 6786 SF single-tenant 1 yr old retail on ¾ acres corner lot right by Hwy 99 off ramp in a growing city. 15 yrs NNN lease with no landlord responsibilities. NOI $148K/yr with rare 10% rent bump every 5 yrs. $2.21M. 6.7% cap.
3. Burger King in Tacoma, WA: 3723 SF fast food restaurant with indoor play area built in 2002 on .69 acres outparcel to K-mart, Big Lots & Safeway anchored shopping center. Long term NNN lease. Store with strong sales of $1.5M. NOI $139K/yr. $1.945M. 7.15% cap.
4. Dollar Tree in Barstow, CA: 9900 SF Dollar Tree store on .95 acres lot as part of Vons Supermarket (owned by Safeway) anchored shopping center. 100% NNN- corp lease till 2015. NOI $84K/yr with rent increase every 5 yrs. $1.15M. 7.31% cap.
5. Strip Center in San Bernardino, CA: 11,221 SF multi-tenant strip center. 88% NNN leased. NOI $127K/yr. $1.41M. 9% cap.
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