06-04: O'Reilly Auto Parts, Apartments, Burger King, Mix-Used Center

1. O’Reilly Auto Parts in Mankato, MN: 8383 SF renovated auto parts store on .72 ac lot in a fast growing & middle-class city. Near Immanuel St. Joseph’s Hospital. 100% NNN- lease with 6+ yrs left. NOI $63K/yr. with rare 6% rent increases every 3 yrs. $773K. 8.15% cap. 
2. Shopping Center in Baytown, TX: 52,270 SF shopping center built in 2007 on 6.65 acres lot at a dominant retail corridor in middle-class Houston suburbs.  Anchored by Conn’s Appliances . Close to Wal-Mart, The Home Depot, Best Buy Hobby Lobby, Ross Dress for Less and San Jacinto Methodist Hospital. 98% leased. NOI $725K/yr. $10M. 7.25% cap. 
3. Apartments in Sacramento, CA: 156-units apartment complex close to shopping centers and easy access to I-80. Upgrades include: monument sign, paint, renovated pool area, landscaping and renovation of 85% of the unit interiors. NOI $525K/yr.  $5.772M.  9.10% cap. Only $37K per key. 
4. Retail Center in Keller, TX: 9340 SF beautiful retail center constructed in 2008 on 1.30 ac in high growth (45.07% since 2000) and prosperous (AHI $131K/yr. in 1 mile) Dallas/Fort Worth suburbs.  Outparcel to Keller Crossing: a 124,000 SF center anchored by Stein Mart, Big Lots, Ace Hardware, Tuesday Morning and more. 100% leased. NOI $227K/yr. $2.673M. 8.50% cap. 
5. Retail Center in Sumner, WA: 10,570 SF retail center on an outparcel to Fred Meyers Marketplace in fast growing Tacoma suburbs. 100% leased to strong mix of national and regional tenants. NOI $252K/yr. $3.15M. 8% Cap.  
6. Retail/Office Center in Staten Island, NY: 26,000 SF mix-used well-maintained center at a high income coastal town.  80% leased. NOI $540K/yr. $6.75M. 8% cap. 
7. Burger King in Flint, MI: 3000 SF Burger King fast food restaurant built in 1996 on 1+ ac lot near busy intersection (24,000 CPD) between I-475 and I-75. New 15 yrs lease. NOI $71K/yr. with (TBD) rent increases every 5 yrs. $880K. 8.10% cap.

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