05-09: Centennial Fine Wine and Spirits, Big Daddy's, Walgreens, Starbucks, Rite Aid, Burger King, Family Dollar

1. Centennial Fine Wine and Spirits in Dallas, TX: 6000 SF liquor store on .50 ac lot along Hwy-348. In growing (163.94% population growth since 2000) and upper middle-class (AHI $87K/yr in 1 mile) area. New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $102K/yr. $1.133M. 9% cap. 
2. Big Daddy’s Liquor in Arlington, TX: 11,880 SF single-tenant retail store on 1.16 ac lot at busy thoroughfare in affluent (AHI $122K/yr) Dallas/Fort Worth metro. New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $225K/yr. $2.508M. 9% cap. 
3. Walgreens in Eagan, MN: 12,544 SF Walgreen’s on 1.74 ac lot at a hard corner location near I-35 exit in affluent (AHI of $99K/yr) St. Paul/Minneapolis metro. From corner to corner tenants: Target and Regal 16 Screen Movie Theater. 100% NNN lease with 5½ yrs left. NOI $170K/yr. $2.135M. 8% cap. 
4. Strip Center in Portland, OR: 14,245 SF strip center built in 2005 on 2.50 ac outparcel to Wal-Mart and close to Clackamas Town Center and I-205. 100% NNN leased with mostly national credit tenants. NOI $201K/yr. $2.24M. 9% cap. 
5. Starbucks in Kokomo, IN: 1800 SF newly constructed single-tenant retail building on .41 ac lot near Howard Regional Health System and next to Hwy-31. 100% NNN- corp lease with 7 yrs left. NOI $103K/yr. $1.063M. 9.70% cap. 
6. Rite Aid in Macomb Township, MI: 14,564 SF Rite Aid built in 2009 on 2.75 acres corner lot in a wealthy town with AHI $121K/yr in 1 mile. 20 yrs absolute NNN lease with 17 yrs left. NOI $427K/yr. $4.75M. 9% cap. 
7. Burger King in Swartz Creek, MI: 3000 SF fast food restaurant built in 2000 on 1.60 ac lot next to Kroger anchored center and near I-69 in Flint suburbs. 100% NNN lease with 7 yr left. NOI $82K/yr. $1.044M. 7.90% cap. Store sales over $1M.  
8. Family Dollar in Austin, TX: 9180 SF free-standing retail store at high traffic location. 100% NNN lease with 5 yrs left. NOI $82K/yr. $1M. 8.25% cap.  
9. Shopping Center in Plano, TX: 99,152 SF well-maintained shopping center on 9.80 acres of land along main retail corridor in growing Dallas suburbs. 100% NNN leased. NOI $770K/yr. 9M. 8.56% cap. 
10. Shopping Center in Cathedral City, CA: 32,622 SF shopping center built in 1990 on 2.59 ac lot along busy retail corridor in Riverside County. NNN lease. NOI $409K/yr. $6.5M. 6.30% cap.

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