01-29: Applebee's, Dollar Tree, MOB's, Shopping Centers

1. Applebee’s in Dublin, CA: 5697 SF Applebee’s restaurant built in 2000 on 1.32 ac outparcel to Regal Hacienda Crossings Stadium 20 & IMAX in affluent (AHI $129K/yr in 3 mile) city East of San Francisco. Across from 176,510 SF anchored shopping center. Off/on ramp & visible from I-580. Close to Valleycare Medical Center. 100% absolute NNN lease with 4 yrs left. NOI $218K/yr. $3.725M. 5.90% cap.
2. MOB in Arlington Heights, IL: 18,000 SF well maintained medical office building in high income area with an AHI of $108K/yr in 1 mile in Chicago suburbs. Anchored by Regional Healthcare System (Moody’s rating of A1). 100% NNN leased to three tenants. NOI $321K/yr. $3.785M. 8.50% cap.
3. Retail Building in Naples, FL: 8,028 SF retail building on 1+ ac lot at a major retail corridor and in high income area with AHI of $89K/yr in 1 mile. Near 101-bed Physicians Regional Med Center and I-75. 100% leased with diverse mix of tenants. NOI $113K/yr. $1.413M. 8% cap.
4. Single-tenant Retail Center in Tulsa, OK: 96,390 SF America’s Incredible Pizza on 8+ acres of land across from Woodland Hills Mall. 25 yrs absolute NNN lease with 16½ yrs left to private company with 11 units. NOI $654K/yr with 10% rent bump in 9/2013 and every 5 yrs thereafter. $7.27M. 9% cap.
5. Retail Building in Santa Cruz: 8744 SF consisting of two well maintained retail buildings on .81 ac lot in high income area. 100% NNN leased to 8 tenants. NOI $115K/yr. $1.5M. 7.70% cap.
6. MOB in Greenbrae, CA: 5447 SF Class-B medical office building on .40 ac lot in prosperous (AHI $147K/yr in 1 mile) town  just North of San Francisco. Across from Marin General Hospital. 100% leased to multiple tenants. NOI $160K/yr. $2.4M. 6.70% cap.
7. Dollar Tree in Inglewood, CA: 12,221 SF recently renovated building on .84 ac lot in densely populated city (885K people in 5 miles radius) in Los Angeles. New 10 yrs NNN corp lease. NOI $220K/yr with 5% rent bumps every 5 yrs. $3.676M. 6% cap.
8. Retail Center in Brownsburg, IN: 13,904 SF retail building constructed in 1999 on .40 ac outparcel to Marsh Supermarket in Indianapolis suburbs. 100% leased. $1.95M. NOI/Cap not provided.
9. MOB in Summerville, SC: 10,000 SF Class-A medical office building constructed in 2008 on 1 ac lot in growing area. Close to I-26. 85% NNN leased. NOI $180K/yr. $2M. 9% cap. Upside potential when fully leased.
10. Retail Building in Los Angeles, CA: 11,142 SF two-story retail building at a busy corner location anchored by Cash N Carry. 100% NNN leased. NOI $135K/yr. $1.78M. 7.60% cap.

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