01-11: Apartments, US Bank, Burger King, Del Taco, Five Guys, Shopping Centers, Emerus hospital

1. Apartments in Tampa, FL: 100-unit renovated apartments consisting of 14 2-story buildings on 5.23 acres lot in stable community.  89% occupied.  NOI $428K/yr. $4.15M. 9.34% cap. 
2. US Bank Building in Hinsdale, IL: 12,927 SF 3-story office building completed in 2003 in VERY affluent Chicago suburbs (AHI $280K/yr in 1 mile!) 100% NNN leased to 2 tenants: US Bank (2 floors, S&P AA- rating) with 11+ yrs left and Krist Kolder Associate.  NOI $417K/yr with 3% rent bump for US Bank.  $5.5M. 7.59% cap. 
3. Burger King in Bartow, CA: 3072 SF Burger King built in 2001 on 1.4 ac lot near I-15 exit.  20 yrs NNN lease with 11 yrs left to an operator with 20 locations.  NOI $116K/yr with 10% rent bump every 5 yrs.  Price reduced to $1.59M. 7.3% cap. 
4. Del Taco in Aurora, CO: 2491 SF Del Taco restaurant built in 2005 on .95 ac outparcel to a center anchored by Walmart, Home Depot, Best Buy and Office Depot in affluent (AHI $108K/yr in 1 mile) Denver suburbs.  20 yrs absolute NNN lease till 2025 to an operator with 22 restaurants.  NOI $146K/yr. with 5% rent bump every 5 yrs.  $1.717M. 8.5% cap. 
5. Five Guys Burgers in Cary, NC: 2475 SF Five Guys Burgers restaurant (900 restaurant private chain) renovated in 2006 on .97 ac outparcel near Cary Towne Center mall in upper middle class Raleigh-Durham metro. 10 yrs absolute NNN corp lease till 2017.  NOI $82K/yr with 2% annual rent bump. $1.12M. 7.39% cap. 
6. Shopping Center in Sugarland, TX: 11,645 SF strip mall built in 2005 on 1.15 acres outparcel to Sam’s Club and Walmart.  Near Hwy 6 exit in fast growing upper middle class Houston suburbs. 100% NNN leased to 8 tenants, 5 of them national.  NOI $339K/yr. $4.22M. 8.03% cap. 
7. Neighborhood Market in Temple Hills, MD: 119,010 SF grocery-anchored neighborhood market on 9.3 ac with easy access to I-95/495 in high income Washington DC suburbs.  92% leased.  NOI $862K/yr. $9.35M. 9.22% cap.  Less than $80/SF! 
8. Charlotte Metro Credit Union in Huntersville, NC: 3643 SF single-tenant modern bank building completed in 1997 on 1.59 ac lot near I-77 exit in affluent Charlotte suburbs. 15 yrs absolute NNN lease till 2018 to Charlotte Metro Credit Union with 8 locations.  NOI $158K/yr with 2% annual rent bump. $2.05M. 7.72% cap. 
9. Strip Mall in Lodi, CA: 5935 SF strip center at a hard corner across from Lakewood Mall in a stable city in San Joaquin Valley.  100% NNN leased to 5 tenants.  NOI $98K/yr. $1.42M. 6.92% cap. 
10. Emerus Emergency Hospital in Aubrey, TX: 20,616 SF class-A build to suit acute care hospital with 3 emergency treatment rooms, 5 observation/staging rooms, an imaging center, laboratory and helipad built in 2008 on 2.78 ac lot in fast growing Dallas suburbs.  100% NNN lease with 7 yrs left to Emerus, a 24-hr emergency room operator headquartered in The Woodlands, TX.  NOI $650K/yr with annual CPI-based rent bump.  $7.84M. 8.3% cap.

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