04-28: Twin Peaks, KFC, Marie Callender's Restaurants, CVS Pharmacy, Advance Auto Parts for sale

1.     Twin Peaks Restaurant in Round Rock, TX: 5638 SF franchised restaurant (with 10 locations in TX) on 1.63 ac lot at the intersection of I-35 and I-45.   Shadow-anchored by Wal-Mart Supercenter and Home Depot in Austin metro.  15 yrs NNN lease with 13 yrs remaining.  NOI $172K/yr.  $2.158M. 8% cap.

2.     Shopping Center in Houston, TX: 30,190 SF shopping center on over 2 ac res lot along main corridor with excellent visibility. 73% leased. NOI $144K/yr. $1.850M. 7.83% actual Cap.  Upside potential when 100% leased.

3.     Advance Auto Parts in Spring, TX: 6777 SF retail building on 1.37 ac lot in fast growing Houston metro. 100% NNN leased to national tenant with 11 yrs remaining. NOI $135K/yr. $1.689M. 8% Cap.

4.     Shopping Center in Sacramento, CA: 40,676 SF shopping center on 4.71 ac lot as part of 90,435 SF neighborhood center. Shadow-anchored by Fresh & Easy Grocery.  70+% NNN leased.  Current NOI $466K/yr.  $6.5M.  7.18% cap.  Upside potential when fully leased.

5.     KFC in Wichita Falls, TX: 3200 SF newly-constructed restaurant on .94 ac lot on a pad site to Wal-Mart Supercenter near Hwy-281. New 15-years absolute NNN lease. NOI $84K/yr. $1.265M. 7.5% Cap.

6.     Strip Center in Dallas, TX: 17,882 SF shopping center built in 2002 on 1.76 acres lot.  Shadow-anchored by Super Target with excellent regional/local tenants: T-Mobile, Little Caesars, Payless Shoesource, Game Stop, City Nails and several others. 94% NNN leased. NOI $337K/yr. $3.6M. 9.47% Cap. 

7.     CVS Pharmacy in Daytona Beach, FL: 10,908 SF drugstore with double drive-through across from Publix Supermarket anchored center. 15-yrs remaining on original NNN lease. NOI $290K/yr. $3.895M. 7.45% Cap.

8.     Marie Callender’s Restaurant in Simi Valley, CA: 8400 SF franchised restaurant in high-income area. Surrounded by national tenants such as Costco, Wal-Mart and Home Depot. 100% NNN leased. NOI $192K/yr. $2.5M. 7.7% Cap.

9.     Strip Center in Linden, NJ: 20,000 SF two-tenant strip center on 1 ac lot. 100% NNN leased to Dunkin Donuts and successful night-club. NOI $220K/yr. $1.999M. 10.50% Cap.

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