11-27: IHOP Restaurant, Shopping Centers, Office Buildings

1. Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4+ ac lot along main retail corridor in high income Atlanta metro. 100% NNN leased. NOI $370K/yr. $4.575M. 8.10% cap.
2. Shopping Center in Dallas, TX: 55,845 SF shopping center completed in 2003 adjacent to Sam’s Club and Walmart. Next to I-30. Anchored by 9945 SF Dollar Tree and 7400 SF Anna’s Linens. 96% NNN leased. Pro forma NOI $ 815K/yr. $10.526M. 7.75% cap.
3. Retail Center in Porter, TX: 7055 SF newly constructed retail center outparcel to Kroger grocery in Houston suburbs. Across from Walmart and Home Depot. Near I-69. 100% leased to Verizon, The Cash Store, Porter Family Dental and Great Clips. NOI $153K/yr. $2.2M. 7% cap.
4. Strip Center in Marysville, CA: 6000 SF eye-catching strip center built in 2006 on .71 ac lot at a signalized intersection in growing city North of Sacramento. 100% NNN leased. NOI $126K/yr. $1.628M. 7.75% cap.
5. Retail Center in Colorado Springs, CO: 9140 SF retail center remodeled in 2011 on .80 ac lot at a hard corner location. Across from Target, Petco and OfficeMax center. Close to I-25 and Colorado Springs World Arena. 100% leased to four tenants. NOI $246K/yr. $3.5M. 7.04% cap.
6. Shopping Center in Holland, MI: 28,141 SF well maintained shopping center on over 3 ac lot in growing city near Lake Michigan. Across from Westshore Mall and next to Hwy-31. 81% leased. NOI $244K/yr. $3.035M. 8.07% cap.
7. Strip Center in Phoenix, AZ: 9300 SF strip center on 1.37 ac lot at a signalized intersection. 100% leased to six tenants. NOI $64K/yr. $725K. 8.86% cap.
8. IHOP in Rochester, NY: 5990 SF IHOP restaurant built in 2006 on .36 ac corner lot on an off/on ramp of Hwy-104. Next to Target. Close to Rochester General Hospital. 100% NNN corp ground lease (land for sale) with 13 yrs left. NOI $167K/yr. $2.098M. 8% cap.
9. Office Building in Kissimmee, FL: 4872 SF Class-A office building on .44 ac lot in growing Orlando suburbs. 100% leased to six professional tenants. NOI $60K/yr. $750K. 8% cap.
10. Office Building in Cary, NC: 8640 SF Class-B office building on nearly 1 ac lot in growing and high income (AHI $89K/yr in 3 mile radius) Raleigh suburbs. 100% leased to four long term tenants. NOI $68K/yr. $975K. 7% cap.