08-09: O'Reilly, Arby's, Taco Bell, MOB's

1. O’Reilly in Daily City, CA: 4,200 SF auto parts store on .27 ac corner lot close to I-280 in high income city in South of San Francisco (AHI $93K/yr in 3 miles radius). 10yrs NNN lease with 7+ yrs left. NOI $89K/yr with a 13.8% rent increase in 2014. $1.56M. 5.75% cap.
2. MOB in Norfolk, VA: 12,731 SF two-story medical office building in high income area. 75% of property recently renovated. Close to Sentara Norfolk General Hospital, a level-1 Trauma Center. 100% leased to two long term tenants. NOI $189K/yr. $2.295M. 8.25% cap. 
3. Retail Center in Pomona, CA: 7224 SF well maintained retail center on .52 ac lot at a busy corner location in densely populated LA suburbs. Tenants include: Coin Laundry, Water Store, Beauty Salon, Mexican Restaurant and Dental Office. 100% NNN leased. NOI $124K/yr. $1.85M. 6.71% cap.
4. Arby’s in Norcross, GA: 3381 SF Arby’s Restaurant on .75 ac lot on/off ramp I-85 and across from Lowe’s in fast growing Atlanta suburbs. 20 yrs absolute NNN lease with 8+ yrs left. NOI $152K/yr with rent increases every 2 yrs. $1.961M. 7.75% cap.
5. Taco Bell in Mobile, AL: 2755 SF newly constructed drive-thru fast food restaurant on 1+ ac lot at main retail corridor in growing area. Near Springhill Medical Center, Springdale Mall, Bel Air Mall and I-65. 20 yrs NNN lease with 18+ yrs left to a strong operator with 188 units. NOI $166K/yr with 1% annual rent increases. $2.3M. 7.25% cap.
6. MOB/Office Building in Livonia, MI: 15,700 SF consisting of two Class-B buildings on 5 acres of land in high income Detroit suburbs. Close to I-96/275.  100% NNN leased to Botsford Hospital and The University of Michigan. NOI $204K/yr. $2.156M. 9.50% cap.
7. MOB’s in Miami, FL: 18,026 SF MOB consisting of three medical office buildings across from 650-bed Baptist Hospital of Miami. Affluent area with AHI of $97K/yr in 1 mile. 100% leased. $5.45M. NOI/Cap not provided.
8. MOB in Keller, TX: 4250 SF attractive medical building constructed in 2006 on .56 ac lot at main thoroughfare in booming (46.55% pop growth since 2000) and affluent (AHI $121K/yr within 3 miles radius) Fort Worth suburbs. 100% leased. Price/NOI/Cap not provided.

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