05-06: Burger King, MOB, CVS, Retail Centers

1. Burger King in Newport News, VA: 3232 SF fast food restaurant built in 1999 on .84 ac lot at major retail corridor in Norfolk suburbs. 20 yrs NNN lease with 14 yrs left to an experience operator with 19 units. NOI $99K/yr with 10% rent bumps every 5 yrs. $1.376M. 7.25% cap.
2. Shopping Center in Yuba City, CA: 25,180 SF shopping center built in 2006 on 3.20 ac lot in growing and high income (AHI $94K/yr) city about 30 minutes North of Sacramento. Shadow anchored by 10,000 SF Tower Market. 79% NNN leased to Starbucks, Quiznos Subs, Straw Hat Pizza and Sierra Central Credit Union. NOI $379K/yr. $5.06M. 7.50% cap.
3. MOB in College Park, GA: 30,578 SF Class-B medical office building completed in 1998 on 4.90 ac lot in Atlanta metro. Anchored by Piedmont Healthcare. 91% leased. NOI $245K/yr. $2.9M. 8.50% cap. Upside potential when fully leased.
4. Shopping Center in Orlando, FL: 42,554 SF well maintained shopping center on 4.50 ac corner lot in densely populated area. Anchored by 11,742 SF Family Dollar. 100% NNN leased. NOI $389K/yr. $4.25M. 9.17% cap.
5. Retail Center in Chicago, IL: 14,807 SF attractive retail center on 1.24 ac lot in densely populated area with nearly 1,000,000 residents within 5 mile radius. 100% NNN leased to Advance Auto Parts and DaVita Dialysis. NOI $337K/yr. $4.694M. 7.20% cap.
6. Retail Center in Riverdale, GA: 11,340 SF retail center built in 2008 on 2+ ac lot in fast growing Atlanta suburbs. 75% leased to 8 tenants with only 2 vacant units. NOI $75K/yr. $750K. 10% cap. Upside potential.
7. Retail Center in Mesquite, TX: 18,000 SF well kept retail center on 1.53 ac lot in upper middle-class Dallas suburbs. All units face main corridor. 94% leased. NOI $148K/yr. $1.75M. 8.46% cap.
8. Retail Buildings in Littleton, CO: 4820 SF consisting of two retail building in high income area in Denver metro. 100% leased to KC Cabinetry, Creekside and All State. NOI $96K/yr. $1.265M. 7.61% cap.
9. MOB/Professional Building in Oceanside, CA: 26,400 SF Class-B professional and medical office building on .96 ac lot in growing and affluent (AHI $105K/yr) coastal town North of San Diego. At major retail artery near Plaza Camino Real Mall and Hwy-78. 100% NNN leased. Proforma NOI $458K/yr. $6.2M. 7.39% proforma cap.
10. CVS in Tempe, AZ: 14,464 SF attractive double drive-thru pharmacy on 1.45 ac lot in fast growing Phoenix suburbs. Across from Arizona Mills Outlet Mall and near I-10. 100% absolute NNN lease with 10 yrs left. NOI $355K/yr. $5.343M. 6.66% cap.

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