05-22: Carls's Jr. Burger King, Wendy's, Office Buildings, Shopping Centers

1. Carl’s Jr. in Queen Creek, AZ: brand new 3000 SF fast food restaurant on 1 ac outparcel to Wal-Mart Supercenter in fast growing Phoenix suburbs. 20 yrs NNN lease to strong franchisee with 138 units. NOI $200K/yr. $2.5M. 8% cap.  
2. Burger King in Chesapeake, VA: 3958 SF Burger King on .98 ac lot at busy corner location and across from Chesapeake Regional Medical Ctn. In upper middle-class (AHI $87K/yr in 3 miles) Norfolk suburbs. 20 yrs absolute NNN lease with 15 yrs left. NOI $121K/yr with 10% rent increases every 5 yrs. $1.792M. 6.75% cap.  
3. Office Building in Southlake, TX: 16,975 SF attractive office building built in 1999 on nearly 2 ac lot at densely retail corridor close to Baylor Regional Med Center-Grapevine and Hwy-114. In growing and affluent (AHI $132K/yr in 3 miles) Dallas metro. 80% NNN leased. NOI $240K/yr. $2.4M. 10% cap.  
4. Shopping Center in Clinton, UT: 34,816 SF shopping center consisting of three buildings shadow anchored by Maceys grocery store and across from Lowe’s, Kohl’s and Wal-Mart anchored centers. In growing and upper middle-class Salt Lake City suburbs. 100% NNN leased. NOI $435K/yr. $5.5M. 8% cap. 
5. Wendy’s in Bossier City, LA: 3032 SF free-standing restaurant built in 2004 on .90 ac lot between Hwy-80 and I-20 in Shreveport suburbs. 10 yrs NNN corp lease. NOI $72K/yr with 10% rent bump in year six. $1.115M. 6.50% cap. 
6. Strip Center in Mount Laurel, NJ: 14,060 SF well-maintained strip center on over 1 ac lot at main retail corridor in high income (AHI $106K/yr) Philadelphia suburbs. All tenant face main road. Tenants include: Dunkin’ Donuts, Liberty Safes, Singapore Restaurant, Batteries Plus and West Marine. 100% NNN leased. NOI $222K/yr. $2.9M. 7.66% cap. 
7. Shopping Center in Lincolnwood, IL: 26,392 SF shopping center anchored by CVS Pharmacy with excellent visibility in affluent  Chicago metro (AHI $128K/yr. within 1 mile) . $8M.  
8. Retail Center in Arlington, TX: 22,341 SF well-maintained retail center at hard corner location and across from Wal-Mart in middle-class Dallas/Fort Worth metro. 100% leased to 14 stable tenants. NOI $269K/yr. $2.995M. 9% cap.  
9. Office Building in San Antonio, TX: 63,372 SF newly constructed three-story class-A office building next to Loop 1604 in prosperous ($153K/yr) neighborhood. 91% leased. 8.50% cap. NOI/Price not disclosed. 

© Transmercial 2012