05-02: Advance Auto Parts, MOB, Carl's Jr. Quality Inn, First Choice Emergency Room, Wendy's

1. Strip Center in Katy, TX: 16,800 SF beautiful brick and stucco strip center built in 1999 on 2.30 ac lot next to Walgreen’s. In fast growing and high income (AHI $162K/yr) Houston suburbs. 100% NNN leased to eight tenants. NOI $274K/yr. $3.025M. 9.07% cap. Buyer to assume $1.935M loan at 6.125% interest rate.  
2. Advance Auto Parts in Newport, KY: 7000 SF single-tenant building constructed in 2000 on .67 ac lot along major thoroughfare in Cincinnati suburbs. 100% NNN leased with 1^st lease renewal extended till 2016. NOI $83K/yr. $1.125M. 7.40% cap. Store with strong sales revenue of over $1.5M and increasing revenue in each of the last 6 yrs. 
3. Shopping Center in Holly Springs, NC: 92,262 SF high quality construction shopping center built in 2003 on 9+ ac lot anchored by Lowes Foods in a fast growing and wealthy Raleigh suburbs (AHI of over $90K/yr). 98% NNN leased. NOI $1.302M/yr. $17.25M. 7.55% cap.  
4. MOB in Rochester, NY: 6972 SF Class-B medical office building constructed in 1990 close to Unity Heath Hospital. 100% NNN leased to multiple tenants. NOI $75K/yr. $819K. 9.20% Cap.  
5. Carl’s Jr. in Tempe, AZ: 3171 SF soon to be converted into a new Carl’s Jr. on .74 ac lot near Fwy-202 in Phoenix suburbs. New absolute NNN lease to an experienced franchisee with 78 units. NOI $140K/yr with 5% rent bumps every 5 yrs. $2M. 7% cap.  
6. Quality Inn in Tigard, OR: 115-room hotel upgraded in 2009 along Hwy-99W and off of I-5 exit in upper middle-class Portland suburbs. NOI $314K/yr. $3.4M. 9.26% cap. Less than $30K per key.  
7. Office Buildings in Mesa, AZ: 23,816 SF consisting of two buildings constructed in 2002 on 2.51 ac lot close to Banner Baywood Medical Center. 94% leased. NOI $245K/yr. $2.65M. 9.25% cap.  
8. First Choice Emergency Room in Kingwood, TX: 6050 SF free-standing 24-hr Emergency Care center on 1.23 ac lot in affluent (AHI $107K/yr in 3 miles) Houston suburbs.  New 7 yrs  NNN- lease to the largest operator of free-standing emergency rooms in TX with 12 locations. NOI $145K/yr. with 10% rent increase in 2016. $1.815M. 8% cap.  
9. Shopping Center in Sacramento, CA: 64,171 SF shopping center on 4.64 ac lot anchored by Food Source at a hard corner location. Next to FALLAS, dd’s and Anna’s Linens anchored center. Close to Kaiser Permanente and Hwy-99. 98% leased. NOI $531K/yr. $7.082M. 7.50% cap. 
10. Wendy’s in Kennewick, WA: 2419 SF drive-thru restaurant on .66 ac lot in growing and middle-class neighborhood. New 15 yr absolute NNN lease. NOI $63K/yr with rent increases every 5 yrs. Only $905K. 7% cap.

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