08-10: Wild Burger Grille, Del Taco, Pep Boys, Arby's, Wendy's

1. Wild Burger Grille in Lubbock, TX: 3349 SF Wild Burger Grille on .70 ac outparcel to Asian Food Market and Family Dollar. Next to Market Street United Grocery and across from CVS Pharmacy. New 15 yrs NNN lease. NOI $111K/yr with 3% annual rent increases. $1.39M, 8% cap. (Flyer not available, full brochure upon request).
2. Del Taco in Burleson, TX: 2469 SF brand new Del Taco restaurant on .59 ac lot at Hyw-174 in fast growing and high income Fort Worth suburbs. Close to Wal-Mart Supercenter, Target, Home Depot and HEB Grocer. 15 yrs absolute NNN lease to strong franchisee with 350+ units. NOI $125K/yr with 10% rent increases every 5 yrs. $1.852M. 6.75% cap.
3. Pep Boys in Redlands, CA: 22,290 SF auto center built in 1994 on 2+ ac lot at major retail corridor in San Bernardino county. Across from Kmart and Lowe’s. Close to Citrus Plaza anchored by DSW, Target, Kohl’s, Michaels and Bed Bath and Beyond and near I-10. 100% absolute NNN lease with 10+ yrs left. NOI $380K/yr with 1.5% annual rent increases. $5.241M. 7.25% cap.
4. MOB in Sugar Land, TX: 9519 SF Class-A multi-tenant office building developed in 2005 on .96 ac lot in wealthy (AHI $101K/yr) Houston metro. Tenant include: Fort Bend Neurology, Dr. Mehdi Muhammad, M.D. Houston Spine & Rehab and Upright MRI of Sugarland.  Close to 187-bed Methodist Sugar Land Hospital, First Colony Mall and Fwy-59. 100% leased. NOI $191K/yr. $2.425M. 7.90% cap.
5. Arby’s & Wendy’s in Lake Saint Louis, MO: Arby’s built in 2009 & Wendy’s built in 2008 in fast growing (73%) and affluent (AHI $122K/yr within 1 mile) St Louis. Across from The Shoppes at Hawk Ridge anchored by Wal-Mart Supercenter, Sports Authority and Lowe’s and on/off ramp I-64. 100% NNN ground leases (land is for sale, tenants own the buildings). NOI $125K/yr. $1.725M. 7.25% cap.

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