05-23: Arby's, Burger King, MOB, Apartments, Retail Centers

1. Arby’s in Beaver Dam, WI: 3040 SF Arby’s restaurant built in 2008 on 1 ac outparcel to Menards grocery in a growing city. Across from Walmart Supercenter. 20 yrs absolute NNN lease with 10 yrs left to strong franchisee with 71 units. NOI $105K/yr with 5% rent bumps every 5 yrs. $1.333M. 7.88% cap.
2. Retail Center in Lake Worth, FL: 27,936 SF attractive retail center on 2.73 ac lot in upper middle-class Fort Lauderdale suburbs. Along major corridor. 90% NNN leased to 9 tenants. NOI $216K/yr. $3.6M. 6% cap.
3. Shopping Center in Lee’s Summit, MO: 56,544 SF well maintained shopping center renovated in 1995 on 5+ ac lot in high income (AHI $85K/yr within 3 mile) Kansas City suburbs. Excellent visibility from Hwy-50. 86% leased. NOI $344K/yr. $3.75M. 9.18% cap. Upside potential.
4. Apartments in Fresno, CA: 90-unit well kept apartment complex on 6.41 ac lot close to schools, parks and Hwy-168/180. 91% occupied. NOI $407K/yr. $4.95M. 8.24% cap.
5. Retail Center in Harker Heights, TX: 19,340 SF retail center built in 1997 on 1.76 ac lot in growing Killen suburbs. Across from H-E-B Supermarket & near  off/on ramp to Hwy-190. 100% leased. NOI $189K/yr. $2.1M. 9% cap.
6. MOB in Phoenix, AZ: 10,480 SF Class-B medical office building on .36 ac lot close to 266-bed John C. Lincoln North Mountain Hospital. 10 yrs NNN lease with 7 yrs left. NOI $120K/yr with 10% rent increases every 5 yrs. $1.25M. 9.60% cap.
7. Retail Center in Moreno Valley, CA: 6700 SF retail center on .61 ac lot in growing San Bernardino suburbs. Across from City Hall. Near Moreno Valley Mall and Hwy-60/I-215. 100% leased. NOI $62K/yr. $885K. 7.03% cap.
8. Retail Center in Rialto, CA: 9612 SF retail center and 4,825 SF free-standing McDonald’s  on ground lease (land is for sale, building revert to landowner if tenant does not renew lease) completed in 2002 on 3+ ac lot. In growing San Bernardino County. Across from Walmart and near I-10. NNN leases. NOI $282K/yr. $4.34M. 6.5% cap.
9. Burger King in Cedar Grove, NJ: 2307 SF Burge King on .81 ac lot in affluent (AHI $132K/yr in 3 mile radius) New York metro. Tenant has been at this location since 1971. 10 yrs NNN-lease with 7 yrs left. NOI $78K/yr. $1.3M. 6% cap.

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