10-29: Burger King, Wendy's, MOB, Shopping Centers

1. Burger King in San Bernardino, CA: 2618 SF well maintained drive-thru fast food restaurant at a signalized corner location. Across from Arrowview Middle School, near San Bernardino High School, St Bernardine Medical Center and Hwy-259. 10 yrs NNN lease to strong franchisee with 90 units. NOI $60K/yr with a 10% rent increase in 2018. $960K. 6.25% cap.  
2. Shopping Center in Lakewood, CO: 29,605 SF attractive shopping center built in 2000 on 2+ ac lot in growing Denver suburbs. Anchored by 10,036 SF DaVita Dialysis Center with 7 yrs left. 84% leased with mostly NNN leases. NOI $320K/yr. $4.325M. 7.41% actual cap. Upside potential.
3. Shopping Center in Phoenix, AZ: 43,276 SF well kept shopping center on 6 ac lot in fast growing area and along main corridor. Anchored by 14,900 SF Dollar Tree and 6,000 SF Fresenius Medical Care. 85% NNN leased. NOI $394K/yr. $4.935M. 8% cap. 
4. Strip Center in Tempe, AZ: 8,750 SF retail center built in 2006 on .81 ac lot at a hard corner location in high income (AHI $80K/yr) Phoenix suburbs. Across from Albertsons grocery anchored center. 100% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.  
5. Shopping Center in Rancho Cordova, CA: 26,571 SF attractive shopping center on 1.87 ac lot in growing Sacrament suburbs. Close to Sacramento VA Medical Center and Hwy-50. 100% leased to 6 tenants. NOI $227K/yr. $1.97M. 11.54% cap.  
6. Retail Center & McDonald’s in Overland Park, KS: 31,974 SF consisting of two retail buildings completed in 1980 on nearly 4 ac lot in high income Kansas City with an AHI of $82K/yr in 1 mile. On a ramp of Hwy-69 and close to I-435. Anchored by McDonald’s, a free standing corp ground lease (land is for sale) with 6+ yrs left. 90% leased. NOI $306K/yr. $3.71M. 8.25% cap.  
7. Shopping Center in Miami, FL: 50,186 SF well maintained shopping center on 4.56 ac lot at a hard corner location. Near Miami International Mall & Dolphin Mall. 95% leased. NOI $904K/yr. $11.6M. 7.80% cap.
8. Wendy’s in Winter Haven, FL: 3321 SF Wendy’s restaurant on .78 ac lot along major retail corridor. Across from Legoland amusement park. New 15 yrs absolute NNN lease to strong franchisee with 41 units. NOI $141K/yr with 1.5% annual rent increases. $2.352M. 6% cap.
9. MOB in Harriman, NY: 13,700 SF Class-A medical office building with back up generator on 1.40 ac lot in affluent (AHI $102K/yr in 1 mile) New York suburbs. 100% leased to four strong tenants. NOI $348K/yr. $4.1M. 8.50% cap.
10. Shopping Center in Marietta, GA: 40,985 SF aye-catching shopping center on 8 acres of land in wealthy Atlanta metro with an AHI of $121K/yr in 1 mile. Adjacent to The Avenue West Cobb. 93% leased to national, medical and established local tenants. NOI $225K/yr. $8.91M. 7.75% cap.

            (c) Transmercial 2013