1. Lone Star Steakhouse in Littleton, CO: 5835 SF Lone Star Steakhouse with 130 locations in US. Built in 1995 on .94 acres outparcel to Sam’s Club in upper middle-class (AHI $81K/yr) Denver suburbs. Store with strong $1.676M in sales revenue. New 15 yrs absolute NNN corp lease. NOI $100K/yr. with 2% annual rent bump $1.006M. 10% cap. Low 6% rent to income ratio, i.e. profitable location.
2. Lone Star Steakhouse in Elgin, IL: 5503 SF Lone Star Steakhouse with 130 locations in US. Built in 1997 on 1.47 acres outparcel to Marcus Elgin Cinema just off Hwy-20 exit in high income (AHI $85K/yr) Chicago suburbs. Store with strong $1.734M in sales revenue. New 15 yrs absolute NNN corp lease. NOI $104K/yr. $1.04M. 10% cap. Low 6% rent to income ratio, i.e. profitable location.
3. Office Building in Milford, MA: 90,000 SF 2-story class-A office building completed in 2000 on 9.56 acres lot about 20 minutes from Boston. 100% Leased to Jarden's Consumer Solutions (NYSE: JAH, a leading provider of niche consumer products with 20,000 employees) through Dec 2015. NOI $920K/yr. $8M. 11.5% cap.
4. Applebee’s in Rogers, MN: 5149 SF restaurant built in 2004 on 1.85 acres lot as part of a Super Target and Kohl's Anchored Shopping Center in Minneapolis metro. New 20 yrs absolute NNN lease. NOI $109K/yr with 7.5% rent bump every 5 yrs. $1.277M. 8.55% cap.
5. Shopping Center in Montgomery, AL: 18,820 SF shopping center built in 2008 o over 2 acres lot in fast growing upper middle class area with AHI $85K/yr within 1 mile. 100% NNN leased by 5 tenants. NOI $288K/yr. $3.037M. 9.25% cap.
6. Walgreens in Stockbridge, GA: 15,120 SF pharmacy built in 2001 on 2 acres lot with 3 points of access from 3 different roads in fast growing middle class Atlanta metro. 100% NNN- leased till 2021. NOI $360K/yr. $4.577M. 7.87% cap.
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