02-02: 7-Eleven, KFC, Famous Dave's,, MOBs, apartments

1. 7-Eleven in Denver, CO: 3010 SF convenience store at a signalized intersection & in densely populated area with significant barriers to entry.  Absolute NNN corp lease till 2028. NOI $110K/yr. with 10% rent increases every 5 yrs. $1.833M. 6% cap. 
2. Medical Office Building in Memphis, TN: 16,704 SF medical building close to several hospitals and I-240. New 10-yrs NNN- lease to BHG, center providing opioid addiction treatment services, including pharmaco-therapeutic maintenance and detoxification services. NOI $87K/yr with 5% rent increase in yr 6. $1.29M. 8.50% cap.  
3. Retail Center in Crete, IL: 10,200 SF retail center at highly visible location in growing Chicago metro and close to Frw-394. 100% NNN leased to 5 tenants, 3 of them medical/dental. NOI $130K/yr. $1.37M. 9.52% cap. 
4. KFC Restaurant in Charlotte, NC: 2835 SF recently remodeled restaurant on over 1 ac lot on main road. New 20 yrs NNN lease to an experienced franchisee. NOI $80K/yr with 10% increases every 5-yrs. $1.1M. 7.25% cap.  
5. Office Building in Sioux Falls, SD: 8384 SF office building constructed in 2005 close in I-229 in growing and middle-class area. 100% NNN leased to 2 tenants: Walgreens (district office) and University Financial Corporate. NOI $101K/yr. $1.2M. 8.49% cap.  
6. Famous Dave’s BBQ Restaurant in Simi Valley, CA: 6950 SF restaurant on 1.05 ac lot shadow anchor by Lowe’s, Best Buy & Baby R’ Us, Next to Fwy-118 & in wealthy (AHI $104K/yr within 3-miles radius) Los Angeles suburbs. Close to Simi Town Center mall.  100% NNN lease till 2026 to Famous Dave’s, a national chain with 180 locations. NOI $224K/yr. $2.8M. 8% cap.  
7. Shopping Center in Hattiesburg, MS: 45,927 SF shopping center anchored by TJ Maxx and shadow-anchored by Hobby Lobby. Across from Turtle Creek Mall and next to Fwy-98. 100% NNN leased. NOI $416K/yr. $5.5M. 8.24% cap. 
8. Medical Building in Dallas, TX: 5945 SF senior care medical building constructed in 2003 close to I-30/45. 100% leased. NOI $129K/yr. $1.7M. 7.6% cap. 
9. Apartments in San Jose, CA: 20-units recently upgraded apartments in close proximity to shopping centers, San Jose City College, Santa Clara Valley Medical Center and I-280. 100% occupied. NOI $248K/yr. $2.885M. 8.6% cap.

© Transmercial 2012.