08-07: Orchard Supply Hardware, McDonalds, Rite Aid, MOB

1. Retail Center in Tustin, CA: 6699 SF attractive retail center built in 2002 on .53 ac hard corner lot in densely populated Southern CA. Next to I-5. 100% NNN leased. NOI $233K/yr. $3.5M. 6.70% proforma cap. 
2. Retail Center in Lewisville, TX: 15,000 SF retail center on 1.55 ac lot in growing Dallas metro. At main entrance to Lakepointe Towne Crossing: a specialty center anchored by Super Target. Near Vista Ridge Mall and easy access to I-35E. 90% NNN leased. NOI $311K/yr. $3.67M. 8.50% cap. 
3. Orchard Supply Hardware in Santa Rosa, CA: 42,646 SF single tenant retail building constructed in 2009 on 3+ ac lot in middle class area North of San Francisco. Adjacent to Coddingtown Mall and next to Hwy-101. 100% NNN- corp lease with 12 yrs left. NOI $752K/yr with 10% rent increases every 5 yrs. $10.818M. 7% cap. 
4. Strip Center in Mesa, AZ: 9920 SF strip center built in 2005 on 1.73 ac lot anchored by Wells Fargo across from Mountain Vista Medical Center and near Hwy-60. 70% leased to six tenants. NOI $91K/yr. $1.6M. 5.72% cap. Upside potential. 
5. McDonalds in Bensenville, IL: 4000 SF drive-thru fast food restaurant built in 2000 on .92 ac lot in high income area and close to Chicago O’Hare International Airport. 20 yrs absolute NNN corp ground lease with 8 yrs left. NOI $72K/yr. $1.385M. 5.25% cap. 
6. KFC in Norfolk, VA: 2845 SF restaurant on .80 ac lot near Sentara Norfolk General Hospital in upper middle-class neighborhood. New 20 yrs absolute NNN lease to strong operator with 163 units. NOI $69K/yr with 10% rent bumps every 5 yrs. $1.032M. 6.75% cap. 
7. Rite Aid in Virginia Beach, VA: 12,784 SF drug store on 3.25 acres lot at a hard corner location near I-64. 100% NNN lease with 13 yrs remaining. NOI $315K/yr. $3.715M. 8.50% cap.  
8. MOB in Freeport, NY: 16,160 SF Class-B medical office building on .75 ac lot in densely-populated (421K resident within 5 miles ring) & wealthy (AHI $124K/yr within 3 miles) New York suburbs. 95% leased. NOI $180K/yr. $2.5M. 7.20% cap. 
9. Strip Center in Berwyn, IL: 6682 SF strip center built in 2002 on .57 ac lot at a signalized corner location in Chicago suburbs. 100% leased. NOI $114K/yr. $1.6M. 7.18% cap.