10-16: Burger King, Goodwill, Romano's Macaroni Grill, Fred's Supper Dollar, Tuffy Auto

1. Burger King in Richland, WA: 3561 SF drive-thru fast food restaurant built in 2004 on .77 ac outparcel to Walmart Supercenter, Lowe’s and Gold’s Gym center. In high income area and next to on/off ramp I-182. 11 yrs absolute NNN lease to an experienced franchisee with 8 units. NOI $119K/yr with 5% rent bumps every 5 yrs. $1.737.6.85% cap.
2. Goodwill in Sacramento, CA: 15,000 SF attractive single tenant retail center built in 2007 on 1.84 ac lot close to I-80. Part of Northwood Center anchored by Viva Supermarket, Rite Aid and Molina Healthcare. 10 Yr absolute NNN lease with 5 yrs left to credit tenant with 69 locations. NOI $236K/yr with annual rent increases. $2.95M. 8% cap.
3. Del Taco in Watauga, TX: 1749 SF brand new Del Taco restaurant on .67 ac lot at Hwy-377 and in growing and high income (AHI $107K/yr within 1 mile) Forth Worth suburbs. 15 yrs absolute NNN lease to a strong franchisee with 350 units. NOI $125K/yr with 10% rent increases every 5 yrs. K$1.852M. 6.75% cap.
4. Romano’s Macaroni Grill in Hoffman Estates, IL: 8458 SF Italian Restaurant on 1.95 ac lot near St Alexius Medical Center and I-90 in  Chicago suburbs. 100% absolute NNN corp lease with 16 yrs left. NOI $170K/yr. with 2% annual rent increases.  $2.43M. 7% cap.
5. Retail Center in Thornton, CO: 16,187 SF attractive in-line retail center at a high traffic location in Denver metro. 92% leased to Physicians or medical related service. NOI $232K/yr. $3.95M. 8.20% cap.
6. Jack in the Box in Houston, TX: 2357 SF Jack in the Box fast food restaurant built in 2010 on .77 ac lot at a hard corner location and along busy corridor. New 20 yrs NNN lease to a strong franchisee with 90 units. NOI $173K/yr with 5% rent increases every 5 yrs. $2.478M. 7% cap.
7. Fred’s Supper Dollar in Memphis, TN: 16,471 SF brand new dollar store with drive-thru pharmacy on 1.47 ac lot near Hwy-385. 12 yrs NNN corp lease. NOI $188K/yr with rent increases. $2.286M. 8.25% cap.
8. Tuffy Auto in Mooresville, NC: 3900 SF auto center on .83 ac lot at major retail corridor in wealthy city (AHI $91K/yr) North of Charlotte and just off I-77.  Next to Target, Lowes and Best Buy anchored centers. 100% NNN lease to regional tenant. NOI $105K/yr. $1.32M. 8% cap.
9. MOB in Surprise, AZ: 12,231 SF medical office building constructed in 2008 in fast growing Phoenix metro. 10 yrs NNN lease to Arrowhead Health, a strong health care provider with 5 locations. NOI $223K/yr. $3.199M. 7% cap.
10. Retail Center in Altamonte Springs, FL: 10,000 SF newly constructed retail center on .91 ac lot near 160-store Altamonte Mall in Orlando metro. 100% NNN leased. NOI $187K/yr. $2.2M. 8.50% cap.

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