10-15: Applebee's, Carl's Jr., Hardee's, MOB's

1. Retail Center in Cincinnati, OH: 10,079 SF retail center built in 2009 on over 1 ac lot at a hard corner location. Close to Western Hills Mall, Home Depot and Kroger centers. 100% NNN leased to six national tenants: Chipotle, The UPS Store, Jimmy John’s, Edible Arrangements, Pizza Hut and T-Mobile. NOI $233K/yr. $2.715M. 8.61% cap.
2. MOB in Pittsburgh, PA: 33,415 SF attractive medical office building constructed in 1996 on 3+ ac lot in densely populated area with high barriers to entry. Near off/on ramp I-376.Tenatns include: UPMC Mercy, Housing Women’s Health, Radiology, Internal medicine and physical therapy, Walgreens and Quest Diagnostics . 100% NNN leased. NOI $525K/yr. $6.75M. 7.78% cap.
3. MOB in Las Vegas, NV: 19,394 SF Class B medical office building at a hard corner location and in high income area. Across from Albertson’s & CVS center and lose to Mountain View Hospital and Hwy-95. 84% leased to multiple tenants. NOI $193K/yr. $2.65M. 7.30% cap.
4. Applebee’s in Albuquerque, NM: 4997 SF restaurant built in 2001 on 1.70 ac lot at a busy retail corridor. Close to New Mexico Hospital, Carrie Tingley Hospital and I-25/45. 20 yrs absolute NNN ground lease (land is for sale) with 9 yrs left to an operator with 44 units. NOI $66K/yr. with 10% rent bumps every 5yrs. $1.21M. 5.5% cap.
5. Shopping Center in Fresno, CA: 52,950 SF shopping center remodeled in 2009. Anchored by a brand new 24 hour CVS pharmacy. Across from Fashion Fair Mall and next to on/off ramp Hwy-41. 78% NNN leased. NOI $611K/yr. $8.44M. 7.25% cap. Upside potential.
6. Carl’s Jr. in Aurora, CO: 3024 SF single tenant fast food restaurant constructed in 1998 on nearly 1 ac corner lot. 100% absolute NNN lease with 13 yrs left to a strong franchisee.  NOI $122K/yr with 12% rent increases every 5 yrs. $1.905M. 6.45% cap.
7. Retail Center in Orlando, FL: 7072 SF stable retail center on 1+ ac lot next to Sheraton hotel. Close to Premium Outlets, Walt Disney World and I-4. 100% leased to two long tern tenants: gift shop and restaurant. NOI $176K/yr. $2.45M. 7.20% cap.
8. Hardee’s in Champaign, IL: 3200 SF fast food restaurant on .92 ac lot at a major corridor and across from University of Urbana-Champaign. New 20 yrs NNN lease to a strong operator with 144 units. NOI $155K/yr. $1.725M. 9% cap.
9. Retail Center in Hillsboro, OR: 30,380 SF attractive retail center built in 2007 on 3+ ac lot at a signalized location. In fast growing and high income Portland metro. Anchored by 7,234 SF Fresenius and Kaiser. 96% leased with only 1,199 SF vacant unit. NOI $540K/yr. $8.2M. 7.51% cap.
10. MOB in Snellville, GA: 10,000 SF medical office building constructed in 2002 at a corner location in affluent Atlanta suburbs (AHI $98K/yr in 1 mile). At main entrance to 310-bed acute care, full-service Eastside Medical Center. 100% leased to 4 medical tenants. $1.79M. Cap/NOI not provided.

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