03-15: IHOP, Wendy's, 7-Eleven, Retail centers for sale

1. Shopping center in Cedar Hills, TX: 11,162 SF 6-yrs old shopping center on 1.42 ac lot in middle-class Dallas suburbs.  Shadow anchored by JCPenny and across from 24-Hr Fitness and Cinemark Theatre.  100% NNN leased to 4 tenants.  NOI $181K/yr. $2.2M. 8.25% cap. 
2. Strip mall in Indianapolis, IN: 5200 SF strip center built in 2008 on .64 ac lot in high income area with easy access to I-65.  Next to LA Fitness.  100% NNN corp leased to Aspen Dental and Subway.  NOI $135K/yr. $1.686M. 8% cap. 
3. Retail center in Baytown, TX: 5000 SF retail center built in 1999 on an outparcel of 100-store San Jacinto Mall in Houston metro.  100% leased.  NOI $90K/yr. $1.1M. 8.18% cap. 
4. IHOP in Garden Grove, CA: 2170 SF IHOP across from a power center with Regal Cinemas, PetsMart, Ross, Party city, Dollar Tree, and Hometown Buffet in high income Orange county. Tenant has been here over 30 yrs.  100% absolute NNN leased till 2017 with no more options left (upside potential).  NOI $85K/yr. $1.56M. 5.5% cap. 
5. Wendy’s in Mundy Township, MI: 2997 SF restaurant in Flint metro. New 20 yrs absolute NNN lease.  NOI $90K/yr. $1.091M. 8.25% cap. 
6. 7-Eleven in Las Vegas, NV: 2100 SF 7-eleven store on .4 ac lot at the intersection of 2 major arteries in densely-populated area.  100% absolute NNN lease with 4 yrs left.  NOI $60K/yr. $875K. 6.86% cap. 
7. Retail Plaza in Lawndale, CA: 12,085 SF retail center in upper middle-class city in LA county.  1 block from South Bay Galleria Mall anchored by Macy’s, Kohl’s, and Nordstrom. 100% occupied.  NOI $123K/yr. $2.25M. 5.5.% cap.

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