1. Medical Office Building in Desoto, TX: 4685 SF single-tenant 5-yrs old class-A medical office building on .64 ac lot near Methodist Charlton Hospital in Dallas metro. Easy access to Hwy 67 and I-20. 100% NNN lease to a medical doctor since 2006 with 4 ½ yrs remaining. NOI $96K/yr. $1.1M. 8.75% cap.
2. Strip Center in Las Vegas, NV: 13,727 SF 9-unit retail center built in 1996 in high income are (AHI $82K/yr in 1 mile). Across the street from Santa Fe Station Hotel & Casino complex. 82.5% NNN lease with 2 small vacant spaces. Pro forma NOI $179K/yr. $2M. 9% cap.
3. Romano’s Italian Grill in Hoffman Estates, IL: 8458 SF Romano’s Macaroni Grill on 1.94 acres near St. Alexius medical Center and I-94 exit lot in Chicago suburbs. 100% absolute NNN corp lease with 17 yrs remaining. NOI $170K/yr. Store with strong sales revenue of $2.373M. $2.345M. 7.25% cap.
4. Wendys in Morrow, GA: 3000 SF Wendy’s restaurant remodeled 2004 on .88 ac outparcel to Sam’s Club in Atlanta suburbs. New 20 yrs NNN lease to an operator with 21 units. NOI $103K/yr. Store with sales revenue of over $1.2M in 2010. $1.419M. 7.25% cap. Listing office says 8% cap possible ($1.287M).
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