08-17: Hardee's, Centennial Fine Wine and Spirits, Family Dollar

1. Hardee’s in Lake City, FL: 3990 SF fast food restaurant on 1.25 ac outparcel to Lake City Mall. Close to Lake City Medical Center and I-75. 20 yrs absolute NNN corp lease. NOI $116K/yr with 10% rent increases every 5 yrs. $1.6M. 7.25% cap.
2. Centennial Fine Wine and Spirits in The Colony, TX: 10,000 SF liquor store on 1.36 ac lot with Hwy-121 frontage in affluent Dallas suburbs (AHI $100K/yr in 3 miles). 15 yr absolute NNN lease to Centennial Fine Wine & Spirits, a regional chain.  NOI $240K/yr with 10% rent increases every 5 yrs. $3M. 8% cap.
3. Professional Building in Houston, TX: 26,735 SF Class-B professional office building on 1.55 ac lot at a main road. Close to Clear Lake Regional Medical Center, Baybrook Mall and I-45. 98% leased to medical & professional tenants with only 416 SF vacant unit. $248K/yr. $2.563M. 9.71% cap.
4. Strip Center in El Paso, TX: 5500 SF strip center built in 2008 on .45 ac lot at a signalized location in upper middle class area. 100% leased to 5 tenants. $795K.  NOI $63K/yr. 8% Cap.
5. Family Dollar in Fairview Heights, IL: 9024 SF discount store built in 2009 on 1 ac lot in middle-class St. Louis suburbs. Close to St Clair Square and I-64. 10 yrs NNN- corp lease with 7 yrs left. NOI $75K/yr. $909K. 8.25% cap.
6. Retail Center in Bloomingdale, IL: 14,000 SF retail center on 1.27 ac lot along main retail corridor in high income Chicago suburbs. Close to 1.3 Million SF Stratford Square Mall.  100% leased. NOI $196K/yr. $1.85M. 11% cap.

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