1. Davita Dialysis Center in Kenner, LA: 6000 SF dialysis center built in 2002 on 1 ac lot in middle-class area in North West New Orleans suburbs (AHI $71K/yr). 100% NNN lease to Davita (NYSE: DVA). NOI $120K/yr with annual 3% rent bump. $1.35M. 8.87% cap.
2. Shopping Center in Salem, VA: 82,033 SF neighborhood center built in 1989 on 9.57 acres corner lot in stable Roanoke metro. Anchored by Kroger supermarket and CVS. 99% NNN leased with just 1 small 900 SF unit vacant. NOI $771K/yr. $9.25M. 8.34% cap.
3. On the Border restaurant in Saint Charles, IL: 6488 SF Mexican Grill franchised restaurant built in 2000 in front of Charlestowne Mall in growing (39% since 2000) and affluent Chicago metro (AHI $131K/yr within 1 mile). 100% NNN leased. Tenant just exercised 5 yrs option. NOI $84K/yr. $1.1M. 7.64% cap.
4. Shopping Center in Elk Grove, CA: 12,000 SF bank-owned shopping center built in 1999 on 1.1 acres lot in high growth (34%) & high income (AHI $101K/yr) Sacramento metro. 100% NNN leased by 8 tenants. NOI $257K/yr. $2.95M. 8.73% cap.
5. Walgreens in Alpharetta, GA: 14,550 SF drug store built in 2008 on 1.85 acres corner parcel in most wealthy (AHI $130K/yr) Atlanta NE suburbs. 25 yrs NNN lease. NOI $438K/yr. $6.17M. 7.1% cap.
6. Office Building in Miami, FL: 19,464 SF 2-story office building near Miami International Airport. 100% leased by Avionics International. NOI $350K/yr. $3.85M. 9.1% cap.
7. Arby’s in Las Vegas, NV: 3100 SF fast food restaurant built in 2005 on .61 ac outparcel in the wealthy SW Las Vegas (AHI $96K/yr). 20 yrs absolute NNN lease with 15 yrs remaining to a franchisee with 80 restaurants. NOI $137K/yr with rent bump every 5 yrs. $1.833M. 7.5% cap.
8. Benihana Restaurant in Coral Springs, FL: 7107 SF Japanese Steakhouse on 1.95 acres lot on a prime commercial corridor in middle class Fort Lauderdale metro. 20 yrs absolute NNN corp lease with 18 yrs remaing. NOI $260K/yr. with 10% rent bump every 5 yrs. $3.25M. 8% cap.
9. Apartments in Austin, TX: 36-unit 25,200 SF apartments on 1.05 acres lot in strong income area. Proforma NOI $103K/yr. Price reduced from $1.2M to $1.1M.
10. Wendys in Tucker, GA: 2918 SF restaurant on .8 acres lot across Publix Supermarket the in high income (AHI $84K/yr) Atlanta metro. 100% NNN leased thru 2025. NOI $84K/yr. with 1.5% annual rent bump. Tenant has been at this location for 20 yrs and has just renovated the building. Store with $1M in annual revenue. $1.086M. 7.75% cap.
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