01-09: Hometown Buffet, Hardee's, Wendy's, Macayo's Mexican Kitchen, Midas, Office Depot

1. Shopping Center in Strongsville, OH: 31,100 SF attractive shopping center built in 2000 at a hard corner in high income (AHI $98K/yr) Cleveland suburbs. 93% leased. NOI $397K/yr. $4.599M. 8.65% cap.
2. Retail Center in San Diego, CA: 10,214 SF retail center on .40 ac lot at a signalized location and in densely populated area. Close to La Maestra Health Center and Fwy-15. 100% leased to 4 tenants. NOI $68K/yr. $995K. 7% cap.
3. Strip Center in Marion, OH: 11,920 SF newly constructed strip center on 1.50 ac outparcel to Walmart & Kroger Supermarkets and across from Ohio State University campus.  100% NNN leased to 4 tenants: Aspen dental, Kay Jewelers, Iron Chef and Tan Pro. NOI $243K/yr. $2.59M. 9.41% cap.
4. Hometown Buffet in Laguna Woods, CA: 9055 SF freestanding buffet restaurant built in 2004 in high income Orange County. Across from Starter Bros, The Home Depot and Rite Aid. Near Laguna Hills Mall and I-5. 100% NNN corp lease with 8 yrs left. NOI $205K/yr with a 10% rent bump in 2015. %3.8M. 5.40% cap.
5. Hardee’s in Petal, MS: 3550 SF Hardee’s restaurant on 1.22 ac lot at a main corridor. Near Petal High School and Petal Middle School. 100% NNN corp lease with 10+ yrs left. NOI $79K/yr. $1.056M. 7.50% cap.
6. Retail Center in Rohnert Park, CA: 11,564 SF well maintained retail center on .89 ac lot in North of San Francisco. Across from Grocery Outlet, 24-Hr Fitness, Safeway and CVS. Easy access to Hwy-101. 100% NNN leased. NOI $95K/yr. $1.5M. 6.33% cap.
7. Wendy’s in Jacksonville, FL: 3242 SF brand new Wendy’s restaurant on 1+ ac lot on/off ramp I-295. New 20 yrs absolute NNN lease to strong operator. NOI $106K/yr with 5% rent increases every 5 yrs. $1.63M. 6.50% cap.
8. Macayos’s Mexican Kitchen in Phoenix, AZ: 7783 SF restaurant built in 1997 in affluent area with an AHI of $102K/yr in 3 miles. Close to Foothills Park Place and Hwy-158 100% NNN lease with 7 yrs left to a regional chain with 14 locations. NOI $188K/yr. $2.2M. 8.54% cap.
9. Midas in Tampa, FL: 4700 SF 6-bay auto center on .65 ac lot at a major thoroughfare. 100% NNN corp lease with 5 yrs let. NOI $69K/yr with rent increases every 2 yrs. $815K. 8.50% cap.
10. Office Depot in Miami Gardens, FL: 20,810 SF Office Depot built in 2008 in Miami metro. Across from Walmart Supercenter. 15 yrs NNN lease with 10 yrs left. NOI $343K/yr. $4.6M. 7.47% cap. 

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