09-15: Family Dollar, Retail Plaza, Apartments, Arby's, Fox & Hound, Burger King For sale

1.      Family Dollar in West Hartford, CT: 6745 SF Family Dollar store.  100% leased.  Tenant has been here for 10 yrs and just extended the lease another 10 yrs. NOI $68K/yr.  Only $855K. 8% cap.  Great for 1^st time investors.

2.      Short-sale Retail center in Henderson, NV: 31,220 SF 2-story retail/office center built in 2007 with 19,112 SF retail space on 1^st floor, 12,108 SF office space on 2^nd floor, 18,620 SF subterranean parking garage in high growth 102% since 2000), high income (AHI $102K/yr within 1 mile).  Only 24% occupied.  $3.342M. Submit all offers.

3.      Long John Silver’s in Kansas City, MO: 2850 SF restaurant on .79 acre parcel with easy access to I-435 and Hwy 71.  Across from Home Depot in affluent area (AHI $98K/yr).  100% absolute NNN ground lease with 4 yrs remaining.  NOI $90K/yr. $1.035M. 8.75% cap.

4.      Retail Plaza in Omaha, NE: 10,457 SF multi-tenant retail center built in 2004 on 1.17 acres corner lot in high income area (AHI $91K/yr).  100% leased.  NOI $157K/yr. $1.85M. 8.5% cap.

5.      Apartments in  Daly City, CA: 15-unit apartments in high income (AHI 99K/yr) city South of San Fran.  100% occupied.  Gross income of $220K/yr.  $2.279M.

6.      Fox & Hound Restaurant in Lone Tree, CO: 11,612 SF family restaurant built in 2003 on 2 acres lot near Park Meadows Mall in fast growing (77% since 2000) and affluent (AHI $117K/yr) Denver suburbs.  100% absolute NNN lease till 2023 to Fox & Hound.  NOI $194K/yr with CPI-based rent increase every 5 yrs (next one in April 2011).  $2.43M. 8% cap.

7.      Arbys in Buford, GA: 2398 SF restaurant on 1 ac outparcel on heavy trafficked Hwy 20 in Atlanta suburbs.  Established location in front of Hobby Lobby and across from Home Depot.  100% NNN corp lease. NOI $109K/yr. price reduced to $1.2M. 9.13% cap.

8.      Shopping Center in Bellflower, CA: 59,927 SF 27-unit shopping center on 4 acres lot in a densely-populated middle class area with over 700K residents within 5 miles ring. Anchored by Fresenius Dialysis (#1 dialysis medical care). Easy access to I-105 & I-605. 70% occupied.  Actual NOI $601K/yr.  $7.5M.  8% actual cap!  Proforma NOI of $839K (11.18% cap) when 100% leased.  Just $125/SF!

9.      Burger King in Indianapolis, IN: 2906 SF restaurant built in 1993 on ¾ ac lot in high income area.  Tenant has been here since 1993.  100% NNN corp lease.  NOI $90K/yr. $818K.  11% cap.

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