03-09: Walgreens, Children's Hospital, Country Inn & Suites, Bank of the West, Golden Corral

1. Walgreen’s in Memphis, TN: 15,120 SF Walgreen’s built in 2000 on 1.75 ac lot at a hard corner location. 100% NNN lease with 8+ yrs left. $3.525M. 8.62% cap.  
2. Strip Center in Las Vegas, NV: 10,000 SF strip center built in 2006 on .77 ac corner lot on the busy Flamingo road. In well-off (AHI $85K/yr) and densely populated Area. $1.999M. NOI/Cap not avail.  
3. Medical Office Building in Canton, MI: 9280 SF single-tenant medical office building to be completed in April 2012 on 2.11 acres lot next to CVS Pharmacy in affluent Detroit suburbs (AHI $86K/yr). 100% NNN leased to Children’s Hospital of Michigan till 2019.  NOI $218K/yr with 2.5% or CPI annual rent increases. $2.654M. 8.25% cap.  
4. Country Inn & Suites in Midland, TX: 66-room hotel built in 2009 with excellent visibility to I-10.  In growing and middle-class oil & gas town. Expected 2012 NOI $1.269M. $6.5M. 13.31% Proforma cap.  
5. Bank of the West in Stockton, CA: 4934 SF 1-yr old bank on .30 ac lot near Stockton Arena. Near Civic Center, City Hall, City Library and a new theater. 100% NNN leased to credit tenant till 2023. NOI $156K/yr with 10% rent bumps every 5-yrs. $2.615M. 6% cap. 
6. Golden Corral in Irving, TX: 9611 SF buffet restaurant built in 1997 on 1.50 ac lot near Irving Mall and Fwy-183. New 15-yrs absolute NNN leased to the largest Golden Coral franchisee with 200+ units. NOI $187K/yr with 10% rent increases every 5 years. $2.5M. 7.5% cap.  
7. Strip Center in Gilbert, AZ: 7500 SF newly constructed strip center shadow anchored by Fitness Works and across from Safeway. Next to Banner Gateway Medical Center and Fwy-60. In affluent (AHI $91K/yr in 1 mile) Phoenix metro. 85% leased. NOI $173K/yr. $2.2M. 7.89% cap. Upside potential.  
8. Strip Center in Brownsburg, IN: 10,050 SF strip center built in 2005 on 2.83 ac lot near I-74. In fast growing and affluent Indianapolis suburbs. 100% leased. $1.765M. NOI/Cap not provided.  
9. Shopping Center in Fargo, ND: 92,025 SF shopping center built in 1991 on 8.40 acres lot at the busiest intersection in town.  Anchored by Hobby Lobby and Dollar Tree next to West Acres Shopping Center and close to I-29. 100% NNN leased. NOI $499K/yr. $5.85M. 8.54% cap.

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