1. Strip mall in Sarasota, FL: 7131 SF retail center in Tampa metro. 100% NNN leased to Subway Sandwiches, Metro PCS and Pizza restaurant. NOI $117K/yr. $1.2M. 9.8% cap.
2. Smith’s Food & Drug in Albuquerque, NM: 44,722 SF grocery store in a middle class area. 100% NNN lease with 9 yrs remaining to Smith’s Food & Drug (a subsidiary of Kroger, NYSE: KR). NOI $480K/yr. $6M. 8% cap.
3. KFC/Taco Bell in Alpharetta, GA: 2727 SF dual-branded restaurant built in 2000 on .7 acre parcel in probably the wealthiest city in Atlanta suburbs (AHI $140K/yr). In front of Kroger supermarket anchored shopping center. Store with strong sales. Tenant with 29 stores just exercised 5 yrs option. NOI $90/yr. $1.21M. 7.5% cap.
4. Bank-owned Retail center in Cudahy, CA: 11,759 SF 2-story retail/office center built in 1996 on ¾ acres lot in densely-populated Southern CA (1M resident within 5 miles ring). 75% leased. Current NOI $92K/yr. $1.305M. 7.06% cap. Upside potential when full leased. Just $110/SF, below replacement cost.
5. Retail Center in Knoxville, TN: 8000 SF retail center across from 150-store 1.3 Million SF West Town Mall. Middle class area. 100% NNN leased to Aspen Dental and Nicola's Furniture. NOI $132K/yr. $1.275M. 10.41% cap.
6. CVS in Dallas, TX: 12,973 SF drug store built in 2001 on 1.7 acres lot corner lot with rare 5 points of access. Store with increasing and strong sales of $14.9M in 2009. 20 yrs NNN lease with 11 yrs remaining. NOI $469K/yr. $6.45M. 7.27% cap.
7. Wendy’s in Missouri City, TX: 2963 SF restaurant on .92 acres outparcel to Wal-Mart Super Center and across from Kohl' s and Target in wealthy Houston suburbs (AHI $105K/yr within 1 mile). Store with strong sales of $1.388M. 18 yrs NNN lease to an operator with 76 locations. NOI $111K/yr. $1.442M. 7.75% cap.
8. Retail Center in Sacramento, CA: 7320 SF retail center built in 2010 on 1.1 acres lot. 100% NNN leased to 2 tenants each with 10 yrs lease. NOI $177K/yr. Price reduced from $2.3M to $2M. 8.89% cap.
9. Retail Center in Keller, TX: 11,400 SF retail center on a corner lot in high growth (148% since 2000), high income (AHI $81K/yr) Dallas suburbs. 100% leased to 3 tenants. NOI $193K/yr. $2.5M. 7.75% cap.
10. Starbucks in San Antonio, TX: 1795 SF coffee shop built in 2008 on .48 acres corner lot across from Walgreens. Near San Antonio College with 22,000 students. 10 yrs NNN- lease with 8 yrs remaining. NOI $88K/yr. with 10% rent bump every 5 yrs. $1.174M. 7.5% cap.
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