10-23: Dollar General, Wendy's, Buffet Restaurant, MOB, Retail Centers

1. Retail Center in Dublin, CA: 11,717 SF stable retail center on .91 ac lot shadow anchored by 99 Ranch Market, CVS and Sports Authority in affluent (AHI $129K/yr in 5 mile) city east of San Francisco. At main retail corridor near Stone Mall and I-580/I-680. 70% NNN leased. NOI $263K/yr. $4.06M. 6.50% cap. Upside potential when fully leased.
2. Wal-mart Strip Center in Houston, TX: 7803 strip center built in 2008 on 1+ ac lot at dominant retail corridor.  Tenants include: Sally Beauty Supply, Nail Salon, State Farms, Hair Salon and Cell Mart. Shadow anchored by Wal-Mart and near West Oaks Mall. 82% leased with only 1403 SF lease pending unit. Proforma NOI $129K/yr. $1.35M. 9.60% proforma cap.
3. Shopping Center in Baltimore, MD: 34,800 SF well maintained shopping center built in 1994 on nearly 4 ac lot at busy corridor and near Good Samaritan Hospital. 100% NNN leased. NOI $433K/yr. $5.35M. 8.11% cap.
4. Dollar General in South Bend, IN: 9014 SF well located single retail building on 1.59 ac lot at busy thoroughfare. Close to Wal-Mart, Meijer, Walgreens, Dollar Tree and I-80/90. 10 yrs NNN- corp lease with 7 yrs left. NOI $67K/yr. $810K. 8.30% cap.
5. Wendy’s in Hemet, CA: 3800 SF Wendy’s restaurant on .48 ac outparcel to Target & 99 Cents Only Store.  Across from Home Depot. 100% NNN corp ground leased (land is for sale and Wendys owns the building) with 5 yrs left. NOI $71K/yr. $1M. 7.15% cap.
6. Retail Center in San Antonio, TX: 60,646 SF under construction retail center part of a 600,000 SF Power Center anchored by Target, Ross, Lowe’s and Office Depot. 100% NNN leased to Toys R Us/Babies R Us and Dollar Tree. NOI $930K/yr. $12.5M. 7.40% cap.
7. Restaurant in Atlanta, GA: 7000 SF free standing Chinese buffet restaurant on 2.70 ac lot in fast growing and high income area with an AHI of $118K/yr in 1 mile. Across from Northlake Mall anchored by Sears, JC Penney and Macy’s & near I-285. 100% leased. NOI $88K/yr. $1.1M. 8% cap.
8. MOB in Citrus Heights, CA: 21,172 SF well maintained build-to-suit medical office building constructed in 1998 on 2.50 ac lot in upper middle-class Sacramento suburbs. 20 yrs NNN lease with 5+ yrs left to UC Davis Medical Group. NOI $521K/yr with annual CPI rent increases. $6.5M. 8.03% cap.

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