10-10: Dollar Tree, Walgreens, Advance Auto, Arbys, Lone Star, IHOP, Applebees

1. Dollar Tree in Duluth, GA: 10,000 SF Dollar Tree on ½ ac lot in Atlanta metro with easy access to I-80.  Nearby retailers include: Sam's Club, Costco, Kohl's, Petsmart, Bank of America, McDonald's and many more.  New 7 yrs NNN- corp lease.  NOI $100K/yr.  $1.403M. 7.13% cap.
2. Walgreens in Cincinnati, OH: 9408 SF well-kept drug store built in 1987 on .94 ac corner lot.  100% NNN- lease with 4 yrs left.  NOI $111K/yr.  $1.397M. 8% cap.  Store with strong sales revenue of $9+M (estimated).
3. Strip Center in Marietta, GA: 10,500 SF 2-story retail/office complex on 1.65 ac lot with easy access to I-75 in Atlanta metro.  100% leased.  NOI $120K/yr. $1.2M. 10% cap.
4. Advance Auto Parts in Mason, OH: 7000 SF AAP in high-income and fast growing Cincinnati suburbs.  Built in 2004 on 2.39 ac lot. 100% NNN- lease with 6 yrs left.  NOI $123K/yr with 10% rent bumps in 2014.  $1.509M. 7.2% cap now and 7.9% cap in 2014.
5. Arbys in Lincoln, NE: 3018 SF Arbys restaurant built in 2008 on 1.4 ac lot in front of Walmart supercenter in high growth, high income area. 15 yrs absolute NNN lease with 10 yrs left to an operator with 71 units.  NOI $120K/yr with 5% rent bumps every 5 yrs.  $1.679M. 7.14% cap. 
6. Lone Star Steakhouse in Rockford, IL: 6397 SF Lone Star steakhouse on .92 ac. lot in middle class area near Walmart Supercenter, Sam's Club, Lowe's, Home Depot.  100% absolute NNN corp lease with 12 yrs left.  NOI $208K/yr with 1.5% annual rent bumps.  $2.189M. 9.5% cap. 
7. Strip Center in Indianapolis, IN: 5200 SF strip mall built in 2008 on .64 ac lot near I-65 in high income area.  100% NNN leased to2 brand-name tenants: Subway and Aspen Dental.  NOI $135K/yr.  $1.686M. 8% cap. 
8. IHOP in Shreveport, LA: 5026 SF IHOP restaurant built in 1999 on .97 ac lot next to I-20.  20 yrs NNN lease with 7 yrs left.  NOI $168K/yr with 10% rent bumps every 5 yrs (next bump in 10/2015). $2.316M. 7.25% cap.
9. Applebees in Spartan, SC: 4386 SF family restaurant built in 1997 on 1.2 ac lot.  20 yrs NNN lease with 11 yrs left.  NOI $147K/yr with annual rent bumps. $2.239M. 7.02% cap.
10. Shopping Center in Morgan Hill, CA: 52,250 SF shopping center in well-off Silicon Valley’s suburbs. Anchored by a grocery store.  100% leased to 21 local tenants. NOI $499K/yr. $7.995M. 6.25% cap.

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