11-18: Fresenius, CVS, Wendy's, shopping Centers, Advance Auto, Denny's For Sale

1.      Fresenius Dialysis Center in Chicago, IL: 5690 SF dialysis center in densely-populated area with over 1.1M residents within 5 miles ring. 100% NNN leased till 2013 to Fresenius Medical, a national health care provider.  NOI $100K/yr. $1.343M. 7.5% cap.

2.      CVS Pharmacy in league City, TX: 10,908 SF drug store built in 2000 on 1.35 acres corner lot in high income Houston suburbs.  100% NNN lease till 2020.  Buyer to assume 2.05M non-recourse loan at low 5.36% interest. 7.5% cap.

3.      Wendy’s in Midlothian, IL: 3000 SF restaurant on .82 acres lot in Chicago suburbs.  100% NNN corp lease till 2015.  NOI $68K/yr. $725K.  9.38% cap.

4.      Shopping Center in Sacramento, CA: 119,998 SF shopping center built in 1991 on 11.42 acres corner lot in strong income area.  Anchored by 49,950 SF Food Maxx and 20,000 SF Goodwill store.  83% leased.  Current NOI $900K/yr. $9.9M. 9.1% cap.

5.      Shopping Center in Desert Hot Spring, CA: 17,800 SF retail center on 1.61 acres lot.  Shadow anchored by Vons supermarket, a regional chain in Southern CA. 100% leased by 5 tenants.  NOI $140K/yr. $2M. 7% cap.

6.      Shopping Center in Lakeside, CA: 40,818 SF shopping center on 3.4 acres lot in San Diego.  Anchored by Rite Aid, Kragen Auto Parts and Chase Bank.  Shadow anchored by Albertson’s supermarket.  90% NNN leased.  NOI $654K/yr.  $7.8M. 8.4% cap.  Assumable loan with 5.91% interest rate.

7.      Advance Auto Parts in Durham, NC: 7000 SF auto parts store built in 2008 on 1.1 acres lot in upper middle class.  15 yrs NNN lease with 13 yrs remaining.  NOI $186K/yr. $2.573M. 7.25% cap.

8.      Shopping Center in Oswego, IL: 18,651 SF shopping center built in 2007 on 2.33 acres parcel in high income Chicago suburbs.  Shadow anchored by Meijer Supercenter and across from Super Target.  100% NNN leased.  NOI $428K/yr. $4.9M. 8.75% cap.

9.      Apartments in San Jose, CA: 12-unit apartments in high income area (AHI $95K/yr). NOI $100K/yr. $1.395M. 7.2% cap.

10.   Denny’s in Hacienda Heights, CA: 5204 SF restaurant on .72 acres lot at Pomona Fwy exit/entrance in high income area.  100% NNN corp lease with over 10 yrs remaining.  Tenant has been here continuously since 1968.  NOI $187K/yr with 15% rent bump every 5 yrs.  $2.75M. 6.8% cap.

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