08-16: Arby's, Professional Center, Mix-Used, MOB, Neighborhood Center

1. Arby’s in Arden Hills, MN: 3260 SF freestanding restaurant built in 2009 on 1.25 ac lot at a dominant retail corridor in high income (AHI $94K/yr in 1 mile) Minneapolis suburbs. Adjacent to Cub Foods grocery store and across from Super Target. 20 yrs absolute NNN corp lease with 16½ yrs left. NOI $120K/yr with 10% rent increases every 5 yrs. $1.6M. 7.50% cap.
2. Retail Center in Jonesboro, GA: 9600 SF attractive retail center built in 2007 on 1.25 ac lot along major artery in Atlanta metro. Tenants include: Backyard BBQ, OneMain Financial, TC Nails, AS Tax Service, Mail Plus, Gold Etc. and State Farms. 100% NNN leased. NOI $105K/yr. $1.050M. 10% cap.
3. Professional Center in Houston, TX: 21,590 SF two-story well-maintained professional building on 1.23 ac lot at on a busy thoroughfare. Close to Clear Lake Regional Medical Center, Baybrook Mall and I-45. 93% leased to doctors, TCEQ, insurance company, law firm and environmental consultant. NOI $192K/yr. $2.099M. 9.16% cap.
4. Shopping Center in West Sacramento, CA: 22,198 SF shopping center built in 1992 on 1.61 ac lot at a signalized corner location. Close to IKEA, The Home Depot, Super Wal-Mart and I-80. 92% NNN leased. NOI $448K/yr. $5.55M. 8.08% proforma cap.
5. Strip Center in North Hollywood, CA: 8372 SF retail center completely renovated in 2008 on .32 ac lot in densely populated area with ½+ million residents within 3 miles ring. 100% NNN leased. NOI $136K/yr. $1.95M. 7.01% cap.
6. Shopping Center in Memphis, TN: 139,785 SF shopping center consisting of three building renovated in 2004 on nearly 12 acres of land anchored by Save-A-Lot grocery and Dollar Tree and next to I-40. 96% leased. NOI $816K/yr. $9M. 9.07% cap.
7. Strip Center in Suwanne, GA: 10,800 SF brand new strip center on 1+ ac lot anchored by Five Guys Burgers and next to busy corridor in fast growing and affluent Atlanta suburbs (AHI $164K/yr in 1 mile). 100% leased. NOI $235K/yr. $2.785M. 8.45% cap.
8. MOB in Garland, TX: 44,731 SF Class-A two-story medical office building constructed in 2005 on 6.79 acres of land in an affluent (AHI $130K/yr) community in suburban Dallas.  85% leased. 7.50% cap. Price/NOI not provided.
9. Retail/Office Center in Corona, CA: 31,400 SF mix-used center on 2.66 ac lot in densely-populated Riverside County. 84% leased. NOI $266K/yr. $3.813M. 7% cap.
10. Neighborhood Center in Oklahoma City, OK: 66,805 SF neighborhood center on 9.48 acres lot anchored by Gold’s Gym and adjacent to Quails Spring Mall. Next to Best Buy and across from a Walmart and Sam's Club center. 100% leased to 5 tenants.  NOI $790K/yr. $9.3M. 8.5% cap.

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