Advisory: in the title commitment of commercial properties, there may be a memorandum of lease as a title exception in Schedule B – part II. The attached article explains why it’s there.
1. Carl’s Jr. in Dallas, TX: 2911 SF recently remodeled single tenant retail building on .77 ac lot. Brand-new 20-years lease to a successful franchisee. Absolute NNN lease with rent increases every 5 years. NOI $144K/yr. $1.812M. 8% Cap.
2. Carl’s Jr. in Beaumont, TX: 2390 SF brand-new retail building shadow-anchored by Home Depot along Fwy-69 in fast growing Houston suburbs. 20 year absolute NNN lease with 10% rent bumps every 5-years. NOI $120K/yr. $1.555M. 7.75% Cap.
3. Carl’s Jr. in Balch Springs, TX: 2390 SF newly constructed retail building near Wal-Mart at busy corner location off of Fwy-635 in Dallas metro. 20 years lease to an experienced operator. Absolute NNN lease with 10% rent escalations every 5-year. NOI $116K/yr. $1.503M. 7.75% Cap.
4. Office Park Complex in Fort Myers, FL: 82,106 SF beautiful office complex consisting of five building with easy access to I-75. 90% NNN leased. NOI $660K/yr. $8.8M. 7.5% Cap.
5. Sports Authority & Buffalo Wild Wings in Moreno Valley, CA: 47,326 SF retail buildings built in 2008 on 4.48 ac lot adjacent to Moreno Valley Mall at the intersection of I-60 and I-215 in densely populated Los Angeles suburbs. Long NNN leases. NOI $803K/yr. $9.885M. 8.13% Cap.
6. Walgreen’s in Bay Point, CA: 14,070 SF newly-constructed retail building on 1.43 ac lot just blocks from BART Station between Pittsburg and Concord. 100% leased till 2036. Absolute NNN lease. NOI $558K/yr. $8.936M. 6.25% Cap.
7. Best Buy in Hiram, GA: 30,000 SF retail building at a signalized intersection across from Target anchored-center in fast growing Atlanta metro. 100% absolute NNN lease. NOI $495K/yr. $5.825M. 8.50% Cap.
8. Children’s Learning Adventure in Las Vegas, NV: 13,439 SF recently constructed retail building on 1.12 ac lot at a signalized corner location in booming (1,467.70%) area. Long term 15-year lease. Absolute NNN corp/personal guarantee with 12% increases every 5-years. NOI $268K/yr. $3.072M. 8.75% Cap.
9. Retail Center in Marietta, GA: 6000 SF retail center built in 2002 on 1.18 ac lot in fast growing Atlanta metro. 100% leased. NOI $65K/yr. $729K. 9% Cap.
10. Shopping Center in Lawrenceville, GA: 30,987 SF attractive shopping center built in 2005 shadow-anchored by Wal-Mart Supercenter. 90% leased. NOI $366K/yr. $3.7M. 9.9% Cap.
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