03-05: Sherwin-Williams, Sonic, Country Inn & Suites, Goodyear, Apartments

Attached please find an article about ground lease.

1.  Sherwin-Williams (S&P A) in Stephenville, TX: 5501 SF retail building constructed in 2002 on .39 ac lot next to Hwy-67/377. In growing city just 1 hr from Fort Worth. 100% NNN lease till 2021. NOI $66K/yr with 10% rent increases every 5 yrs. $888K. 7.5% cap. 
2. Sonic in Bonny Lake, WA: 2961 SF Sonic Drive-In built in 2009 on .68 ac lot outparcel to Lowe’s in Tacoma metro. 20 yrs absolute NNN lease till 2029 (land is for sale. Should tenant not renew the lease, the building is reverted to landlord). NOI $90K/yr with 10% rent increases every 5 yrs. $1.241M. 7.25% cap. 
3. Country Inn & Suites in Fresno, CA: 60-room 32,172 SF hotel on 1.14 acres lot in growing and middle-class area. Next to Fwy-41. 68% average occupancy. NOI $396K/yr. $4.95M. 8% cap.  
4. Shopping Center in Charlotte, NC: 20,199 SF newly constructed shopping center in high income area. 100% leased with excellent tenant mix: Dentist, Pediatrician and Chiropractor Office. NOI $287K/yr. $3.5M. 8.20% cap.  
5. Retail Center in Lake Zurich, IL: 14,969 SF well maintained shopping center on 1.62 ac lot at busy retail corridor. In fast growing & prosperous (AHI $157K/yr in 3 mile) Chicago suburbs. 74% NNN leased. NOI $284K/yr. $2.99M. 9.5% cap. Upside potential.  
6. Retail Center in Los Angeles, CA: 8723 SF L-shaped retail center built in 2004 on .30 ac lot at signalized corner location. Next to I-105 & near Charles Drew University of Medicine and Science/Martin Luther King/Drew Med Ctr.  100% NNN leased. NOI $257K/yr. $3.4M. 7.6% cap. 
7. Apartments in Tucson, AZ: 408-units multifamily complex built in 1973 on 12+ acres lot across from St. Joseph’s Hospital. Amenities include: clubhouse, two pools, business center, laundry facility, fitness center, volleyball court and BBQ areas. NOI $829K/yr. $10.35M. 8.01% cap.  
8. Apartments in Houston, TX: 39-units recently renovated apartment complex on 4.84 ac lot close to park, shopping centers and main thoroughfares. 92% occupied. NOI $ 115K/yr. $1.25M. 9.25% cap.  
9. Goodyear in West Jordan, UT: 5700 SF single-tenant retail building with excellent visibility in Salt Lake City suburbs. 15 yrs NNN corp lease with 3 yrs left. NOI $83K/yr.  with 10% rent bumps every 5 yr options. $1.148M. 7.25% cap. 
10. Retail Center in Duncanville, TX: 9125 SF well-maintained retail center next to I-20 in Dallas metro. 100% leased to local franchises. NOI $101K/yr. $1.2M. 8.41% cap.

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