10:16: Arby's, Family Dollar, Big O Tires, Fred's Dollar Store, Applebee's

1. Shopping Center in Henderson, NV: 38,373 SF attractive shopping center built in 2005 on 3.55 ac lot in growing (87.41% pop growth since 2000) and high income (AHI $83K/yr in 1 mile) area. Close to St Rose Dominican Hospital and next to I-515. 87% leased. NOI $636K/yr. $8.487M. 7.50% cap.
2. Retail Center in Jacksonville, FL: 32,837 SF well maintained retail center on 3 ac lot at a signalized corner location. Anchored by Family Dollar. 95% leased. NOI $299K/yr. $3M. 10% cap.
3. Arby’s in Renton, WA: 3322 SF Arby’s restaurant built in 2000 on .87 ac lot along busy retail corridor in upper middle-class Seattle suburbs. Adjacent to Fred Meyer center. Close to Valley Medical Center and Hwy-167. 20 yrs absolute NNN corp lease with 6 yrs left. NOI $ 137K/yr. $2.12M. 6.50% cap.
4. Shopping Center in Miami, FL: 32,445 SF well kept shopping center and a 1,730 SF single-tenant retail building with two drive-thru lanes on nearly 3 ac lot. With four points of access. Adjacent to Miami Children’s Hospital and next to Hwy-1. NOI $437K/yr. $5.6M. 7.82% cap.
5. Family Dollar and Big O Tire in Norman, OK: 8,000 SF Family Dollar and 5,200 SF Big O Tire on 1.21 ac lot in a growing area. 100% NNN corp leased. NOI $133K/yr. $1.341M. 9.98% cap.
6. Retail Center in Springfield, OH: 17,040 SF retail center built in 2006 Northeast of Dayton. Shadow-anchored by Super Walmart. 100% NNN leased to Jack’s, Game Stop, Mercy Health and Radio Shack. NOI $217K/yr. $2.558M. 8.50% cap.
7. MOB in Bedford, TX: 11,348 SF Class-A medical office building completed in 2004 on 1½ ac lot in fast growing Dallas-Fort Worth suburbs. Close to Texas Heath Springwood Hospital and Hwy-121. 100% NNN leased to 3 medical tenants: Texas Orthopedic & Spine Associates, Riata Therapy Specialists, and Texas Orthopedic Consultants. NOI $178K/yr. $2.461M. 7.25% cap.
8. Fred’s in Memphis, TN: 16,471 SF under construction Fred’s super dollar store & pharmacy on 2+ ac lot along main corridor. Near Methodist University Hospital and I-240. New 12 yrs NNN corp lease. NOI $192K/yr. $2.232M. 8.60% cap.
9. Office Building in Friendswood, TX: 11,200 SF Class-A office building on 1.29 ac lot in high income Houston suburbs with an AHI of $110K/yr in 3 mile radius. 100% leased. NOI $130K/yr. $1.45M. 9% cap.
10. Applebee’s in Spartanburg, SC: 4,386 SF Applebee’s restaurant built in 1997 on 1.2 ac lot. Long major retail corridor and close to Mary Black Memorial Hospital. 20 yrs NNN lease with 11 yrs left.  NOI $157K/yr with annual rent bumps. $2.1M. 7.50% cap.

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