10-07: Fresenius Dialysis, Arbys, Red Robin, Aldi Food, Retail center, Apartments

1. Fresenius Dialysis center in Peoria, IL: 8652 SF built in 2000 on 1.72 acres lot.  100% absolute NNN corp lease till 2024 to Fresenius Medical Care Holdings, Inc. ("FMCH"), the largest provider of dialysis treatment in the US.  NOI $212K/yr.  $2.735M. 7.75% cap.  Note: This location is a state mandated certificate of need location. 
2. Arby’s in Springfield, IL: 2742 SF Arby’s built in 2000 on .84 ac lot.  New 20 yrs absolute NNN lease to the 8-th largest Arby’s operator with 36 units.  NOI $102K/yr with 10% rent bump every 5 yrs.  $1.316M. 7.75% cap. 
3. Red Robin in Beavercreek, OH: 6360 SF Red Robin restaurant built in 2003 on 2.09 acres lot adjacent to 144-store Mall at Fairfield Commons in high income Dayton’s suburbs. 15 yrs absolute NNN corp (NasdaqGS: RRGB), ground lease 8 yrs left (land is for sale).  NOI $115K/yr with 10% rent bump every 5 yrs.  $1.753M. 6.6% cap. 
4. Aldi Food Market in Chicago, IL: 16,750 SF brand new Food Market on 1.8 acres lot as part of new 50-acres Chatham Market anchored by Wal-mart, Lowes, Home Depot, and I.E.E 14 Movie theater.  Nearby retails include Marshalls, Food 4 Less, Bally’s, Staples, Burlington, Best Buy. Densely-populated area with close to 800K residents in 5 miles. 18+ yrs absolute NNN ground lease (land is for sale) to Aldi, an International supermarket chain.  NOI $120K/yr with 10% rent bump every 5 yrs.  $1.845M. 6.5% cap. 
5. Retail Center in Miami, FL: 17,813 SF retail center built in 2007 on 3 ac lot near Florida Turnpike 821. Anchored by 7800 SF Davita dialysis. 100% leased to 6 tenants.  NOI $336K/yr. $4.45M. 8.52% cap. 
6. Apartments in Austin, TX: 284-unit class-A apartments on 19.86 acres lot consisting of 14 buildings. Developed in 1999 in fast growing (29% since 2000) and high income area.  Amenities including a resort-style pool with a sundeck and Wi-Fi access, a remodeled clubhouse featuring new furniture and a resident coffee bar, 24-hour fitness center, executive business center, pet park, and an on-site clothes care center. 95% occupied.  NOI N/A.  Unpriced.

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