08-31: Hardees, Peter Piper Pizza, Strip Centers, Office Building

1. Hardee’s in Indianapolis, IN: 3377 SF restaurant on 1.39 ac corner lot 1 block from I-74 in high income area.  20 yrs absolute NNN corp lease.  NOI $100K/yr. with 10% rent bump every 5 yrs.  $1.312M. 7.65% cap.  
2. Peter Piper Pizza in Albuquerque, NM: 12,000 SF 5 yrs old pizza restaurant on 2.2 acres lot in high growth & high income area.  15 yrs NNN corp with 10 yrs remaining to Peter Piper Pizza, a regional chain with 135 locations.  NOI $214K/yr with rent bump every 5 yrs.  $2.55M. 8.4% cap.
3.  Strip Center in Forney, TX: 4350 SF strip center on 1.1 acres lot  across from Walmart super store and Lowe’s in Dallas suburbs.  100% NNN leased to 3 national tenants: Starbucks, GameStop and Cash Store.  NOI $146K/yr. $1.467M. 10% cap. 
4. Office Building in Maitland, FL: 7542 SF 2-stories beautiful single-tenant office building constructed in 1999 on 1.17 ac lot next to I-4 in affluent Orlando metro. 100% NNN lease with 7 yrs left to BB&T Insurance Services, a national tenant. NOI $158K/yr. $$1.915M. 8.25% Cap.
5.  Shopping center in Clarkston, GA: 39,590 SF shopping center on 5.37 acres lot next to hwy 410 exit in Atlanta metro. 100% leased to 19 tenants and 4 cell towers.  NOI $590K/yr. $5.9M. 10% cap.

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