11-15: Family Dollar, Taco Bell, Sonic, Arizona's Steakhouse, Dollar General

1. Family Dollar (S&P BBB-) in Miami, FL: 11,825 SF Family Dollar retail building on 1.25 ac corner location. Currently going under major renovations  with new roof, parking lot and HVAC units. Near I-95. New 10 yrs corp lease. NOI $124K/yr. $1.734M. 7.2% cap.
2. Taco Bell in Dallas, TX: 2112 SF Taco Bell fast food restaurant on .73 ac lot next to Sam’s Club and across from Home Depot and Walmart. Close to 309-bed Methodist Charlton Medical Center and I-20. New 15 yrs absolute NNN lease to a strong franchisee with 230 units. NOI $102K/yr with 1% annual rent increases. $1.641M. 6.25% cap.
3. MOB in Huntersville, NC: 7440 SF Class A medical office building in growing and high income (AHI $98K/yr within 3 miles) Charlotte suburbs.  In close proximity to Presbyterian Hospital and I-77. NNN leases. NOI $122K/yr. $1.75M. 7% cap.
4. Sonic Burger in Richmond, TX: 1557 SF Sonic restaurant built in 2008 on .91 ac lot on/off ramp Pkwy-99 in fast growing Houston metro. Across from Walgreen’s and near Kroger and Sports Authority anchored center.  100% NNN corp ground lease (land is for sale) with 10+ yrs left. NOI $65K/yr with a 10% rent increase in 6 months. $995K. 6.53% cap now and 7.18% cap in 4/2013.
5. MOB in Englewood, OH: 11,512 SF Class-B medical building constructed in 2007 anchored by Kettering Health Network in Dayton suburbs. Close to I-70.  New 10 yrs NNN leases to three established medical practices. NOI $175K/yr. $2.187M. 8.02% cap.
6. Arizona’s Steakhouse in Lithonia, GA: 6442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall and off/on ramp I-20 in fast growing Atlanta suburbs.  100% NNN leased with 10 yrs left. NOI $246K/yr. with 2% annual rent bump. $3.2M. 7.70% Cap in Jan 2013.
7. Dollar General in Chandler, AZ: 9014 SF Dollar General store constructed in 2005 on 1.44 ac lot at a busy corridor in good area in Phoenix. Near East Valley Family Medical. 10 yrs NNN corp lease with 3 yrs left. NOI $86K/yr. $1.085M. 8% cap.                   

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