01-03: Carl's Jr., Arby's, Office Building, MOB, Retail Centers

1. Shopping Center in Greenville, NC: 31,800 SF shopping center renovated in 2011 on 3.67 ac lot. Anchored by a 16,366 SF Joann Fabric and Crafts and shadow anchored by Walmart Supercenter and across from University Commons anchored by Harris Theater, Target, TJ Maxx and Barnes & Noble. 100% NNN leased. NOI $216K/yr. $2.4M. 9% cap.
2. MOB in Mission, TX: 10,080 SF just-completed 24-hr Emergency Care center on 1.31 ac lot along Hwy-83 in McAllen suburbs. 12 yrs NNN lease to HealthOne Emergency Care. NOI $262K/yr. with 2% annual rent bumps.  $3.493M.  7.5% cap. Note: flyer not available.
3. Shopping Center in Manchester, CT: 24,670 SF shopping center built in 2006 on 3 ac lot in high income area. Across from 1.2M SF Buckland Hills Mall and near I-84. 100% leased to LAZY-Boy, Frank Pepe Pizza and Scottrade. NOI $640K/yr. $8M. 8% cap.
4. Retail Center in Huntington Beach, CA: 11,540 SF well maintained retail center on .92 ac lot in affluent coastal town in Southern CA (AHI $138K/yr within 1 mile).100% leased to Sea Cliff Liquor, Superb Donuts, Nail Tek, 17th Street Surf Shop, Koop Chiropractor, Fiesta Grill, Launderland and Redz Bar. NOI $300K/yr. $5.72M. 5.25% cap.
5. Carl’s Jr. in Hemet, CA: 3500 SF drive-thru well kept fast food restaurant on .50 ac lot in growing Riverside County. 35 yrs corp lease with 5 yrs left. NOI $156K/yr. $1.699M. 9.20% cap.
6. Tanner’s Restaurant in Kansas City, MO: 6000 SF Tanner’s Bar & Grill Restaurant on 1.47 ac lot in growing and high income area. Across from Walmart Supercenter and near I-35.New 5 yrs absolute NNN lease to a regional tenant. NOI $92K/yr. Just $1M. 9.20% cap.
7. Strip Center in Flower Mound, TX: 6500 SF newly constructed retail center on 1 ac lot at major retail corridor in growing and high income (AHI $153K/yr) Dallas suburbs. 100% NNN leased to Starbucks Coffee, Zoes Kitchen and Beverly Hills Rejuvenation Center. NOI $212K/yr. $3.036M. 7% cap.
8. Arby’s in Springfield, IL: 2742 SF Arby’s built in 2000 on .84 ac lot at a hard corner location and next to I-55.  New 20 yrs absolute NNN lease to the 8-th largest Arby’s operator with 364units.  NOI $102K/yr with 7.5% rent bump every 5 yrs.  $1.316M. 7.75% cap. Tenant’s financials avail after acceptance.
9. Office Building in Westborough, MA: 57,413 SF Class A office building on 16.78 acres of land along main corridor in affluent (AHI $154K/yr in 3 mile) Boston metro. 80% leased. NOI $527K/yr. $5.5M. 9.59% cap.

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