11-16: Chuck E Cheese, Wendys, Walmart, Sweet Tomatoes, Walgreens

1. Chuck E. Cheese Restaurant in Brookfield, WI: 19,800 SF restaurant & entertainment center on 3.7 acres lot on a retail corridor in affluent Milwaukee suburbs (AHI of $142K/yr in 1 mile).  25 yrs NNN- corp lease with 10+ yrs left.  NOI $300K/yr with 10% rent bumps every 5 yrs.  $3.845M. 7.75% cap.  
2. Wendy’s on Odessa, TX: 3510 SF Wendy’s on 1.57 ac lot. 20 yrs NNN lease with 14 yrs left to the largest Wendy’s franchisee with 331 locations.  NOI $129K/yr with 6% rent bumps every 5 yrs.  $1.879M. 6.9% cap.  
3. Strip Mall in Marion, OH: 11,920 SF brand new strip mall on 1.5 acres outparcel Walmart & Kroger Supermarkets and across from Ohio State University campus.  100% NNN leased to 4 tenants: Aspen dental, Kay Jewelers, Iron Chef restaurant and Tan Pro.  NOI $243K/yr. $2.59M. 9.41% cap.  
4. REO’ed Retail Center in Riverside, CA: 11,306 SF 10-unit bank-owned retail center on .78 ac corner lot across from Kaiser Permanente Riverside complex.  80% NNN leased with 2 small vacant spaces.  Pro forma NOI $178K/yr. $1.95M. 9.2% cap.  
5. Walmart Neighborhood market in Stockton, CA: 54,159 SF Wal-mart neighborhood market on 4.84 ac lot as the anchored tenant in a neighborhood market.  10 yrs NNN corp lease till 2022.  NOI $514K/yr. with 10% rent bumps every 5 yr options. $8.575M. 6% cap.  
6. Retail Centers in Manteca, CA: 2 free-standing 6436 SF retail buildings on .72 ac lot.  100% NNN leased to 2 tenants.  NOI $94K/yr. $1.1M. 8.5% cap. 
7. Sweet Tomatoes in Houston, TX: 8080 SF restaurant built in 2000 on 1.69 ac lot across from Willowbrook Mall.  100% NNN corp lease with 8 yrs left.  NOI $274K/yr with 10% rent bumps every 5 yrs.   
8. Walgreens in Las Vegas, NV: 13,905 SF drug store built in 1999 on 1.5 ac lot.  100% NNN- lease till 2019.  NOI $405K/yr. $5.4M. 7.5% cap.

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