08-07: BWW, Mixed-use, Golden Corral, Fletcher Auto, Retail Centers

1. Retail Center in Lakeside, CA: 13,505 SF retail center on .98 ac lot in San Diego suburbs. Shadow anchored by Rite Aid and Albertsons Grocery. 80% NNN leased ten tenants. Credit tenants include: Cricket Wireless, H&R Block, Subway, UPS Store and Bank of America Kiosk. NOI $277K/yr. $3.95M. 7.03% cap. Upside potential.
2. Retail Center in Sterling Heights, MI: 10,38 SF attractive retail center on 1.47 ac lot in Detroit suburbs.  100% leased to 3 tenants including a  6,941 SF successful Mediterranean restaurant, hair salon. Across from Lakeside Mall. 100% NNN leased. NOI $97K/yr. $1.2M. 8.13% cap.
3. Buffalo Wild Wings in Cedar Park, TX: 6000 SF Buffalo Wild Wings restaurant built in 2008 outparcel to 1890 Ranch Center, a Power Center anchored by Target and CineMark Movie Theater. Across from Cedar Park Regional Medical Center. 15 yrs NNN lease with 10 yrs left to a strong franchisee. NOI $244K/yr with 10% rent increases every 5 yrs. Price reduced to $2.995M. 8.15% cap.
4. Strip Center in Birmingham, AL: 9381 SF newly constructed strip center on 1+ ac lot in fast growing and high income area. Along main retail corridor. 100% NNN leased to Dunkin Donuts, South Boutique, Aspen Dental and Tazikis. NOI $2011K/yr. $2.73M. 7.75% cap.
5. Shopping Center in Greenfield, WI: 32,174 SF attractive shopping center in growing Milwaukee suburbs. Close to Southridge Mall and I-894/I-43. 100% leased with a strong mix of medical, retail and governmental tenants. NOI $339K/yr. $3.95M. 8.60% cap.
6. Shopping Center in North Olmsted, OH: 26,745 SF well kept mature shopping center on 2 ac lot in Cleveland metro. Close to 627,000 SF Westfield Great Northern Mall and I-480. 100% leased. NOI $184K/yr. $2.05M. 8.54% cap.
7. Mixed-use Center in Danville, CA: 5792 SF well maintained office & retail center in affluent city (AHI of $169K/yr in 3 mile radius) just 30-min East of San Francisco. Close to I-680. 100% NNN leased. Pro forma NOI $127K/yr. $2.3M. 5.60% pro forma cap.
8. Golden Corral in Denton, TX: 10,310 SF Golden Corral Buffet Restaurant built in 2003 on 1.61 ac lot in growing area. At major retail artery and close to 764,719 SF Golden Triangle Mall. New 15 yrs absolute NNN lease to 4^th largest franchisee with nearly 400 units. This is a sale lease-back investment so price & lease terms are all negotiable. NOI $199K/yr. $2.843M. 7% cap.
9. Retail Center in Oak Lawn, IL: 8841 SF attractive retail center built in 2008 on 1+ ac lot in Chicago suburbs. Near Chicago Ridge Mall and I-294. 100% NN leased to Starbucks, Little Caesars, Virgin Mobile, Scottrade and TCBY Frozen Yogurt. NOI $240K/yr. $3.4M. 7.06% cap.
10. Fletcher Auto in El Cajon, CA: 5,448 SF well maintained single tenant auto center at a corner location in San Diego suburbs. Close to Westfield Parkway, Fwy-67 and I-8. New 10 yrs lease. NOI$74K/yr. $1.15M. 6.50% cap.

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