02-06: Boston Market, Hardee's, Mariposa Tire & Auto, Buffalo Wild Wings

1. Boston Market in Holland, MI: 3055 SF restaurant on 1.39 ac lot between Meijer grocery and Menards home improvement center in the Lake Michigan area. Visible and next to Hwy-31. 20-yrs absolute NNN lease with 14-yrs left. NOI $86K/yr with annual rent increases. $1.12M. 7% cap.
2. Retail Center in Toledo, OH: 10,050 SF retail center built in 2005 on 1+ ac lot across form Walmart Supercenter. Adjacent to University of Toledo Medical Center and The University of Toledo. 100% NNN leased seven tenants. NOI $147K/yr. $1.8M. 8.20% cap.
3. Retail Center in Brandon, FL: 10,195 SF attractive retail center built in 2012 on 2.25 ac lot next to Walmart Neighborhood Market Center in high income Tampa suburbs. 72% leased Dance International Papa Murphy's, Classy Nails & Spa and Taqueria Dona Maria. $1.9M. NOI/Cap N/A.
4. Hardee’s in Stone Mountain, GA: 3000 SF drive-thru fast food restaurant on .80 ac lot a major intersection of Hwy-78. In affluent Atlanta suburbs with an AHI of $93K/yr in 3 mile radius. 20-yrs NNN lease with over 19-yrs left. NOI $100K/yr with 2% annual rent increases. $1.693M. 5.95% cap.
5. Mariposa Tire & Auto in Hesperia, CAP: 7800 SF auto center in San Bernardino County. Close to Mall of Victor Valley and I-15. 100% leased. 8% cap. NOI/Price N/A.
6. Mixed-use in La Habra, CA: 5724 SF well maintained retail/office center along major retail artery in Los Angeles suburbs. 100% NNN leased. NOI $61K/yr. $1.024M. 6% cap.
7. Buffalo Wild Wings in Lansing, IL: 8,000 SF Buffalo Wild Wings restaurant renovated in 2009 on nearly 1 ac lot in upper middle class & densely populated Chicago metro. New 10 yrs NNN lease. NOI $108K/yr with 7.5% rent increases every 5 yrs. $1.542M. 7% cap.

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