1. Retail Center in Hayward, CA: 5098 SF retail center on .43 ac lot near Kaiser Permanente Hospital in high income San Fran Bay Area. 100% leased to 5 tenants. NOI $150K/yr. $1.775M. 8.5% cap.
2. Burger King in Anaheim, CA: 2950 SF brand new restaurant on ¾ ac outparcel to Home Depot just off of I-5 exit in densely populated area (650K residents in 5 miles ring). New 20 yrs NNN lease. NOI $130K/yr with 10% rent bump every 5 yrs. $2.166M. 6% cap.
3. Strip center in Corona, CA: 3825 SF strip center on .28 acre lot near. 100% leased to 2 tenants both have been here for over 10 yrs. NOI $62K/yr. $885K. 7% cap.
4. Dollar General in Columbia, SC: 9014 SF new Dollar General store on 1.15 acres lot. New 15 yrs NNN lease. NOI $99K/yr. $1.167M. 8.5% cap.
5. AutoZone in Fort Lauderdale, FL: 7300 SF AutoZone on .82 ac lot. 20 yrs NNN ground lease (tenant owns the building while investor owns the land). NOI 80K/yr with 10% rent bump every 5 yrs. $1.23M. 6.5% cap.
6. Benihana Japanese Steakhouse in Coral Springs, FL: 7107 SF Japanese Steakhouse on 1.95 acres lot in high income Fort Lauderdale metro. 100% NNN corp lease till 2028. NOI $260K/yr with 10% rent bump every 5 yrs. $2.975M. 8.75% cap.
7. Sonic Restaurant in Norcross, GA: 1715 SF restaurant built in 2001 on 1.06 acres lot in high income Northern Atlanta suburbs. Long term NNN lease with annual rent bump. NOI $117K/yr. $1.33M. 8.8% cap.
8. Restaurant in Hayward, CA: 6717 SF restaurant on .63 acre lot in middle class area. 100% NNN lease with 3 yrs remaining. NOI $124K/yr. $1.385M. 9% cap.
© Transmercial 2011.
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