12-15: Carl's Jr, Starbucks, MOB, Hospital, Office building, Shopping Center, Walgreens

1. Carl’s Jr in Graham, OR: 2884 SF Carl’s Jr built in 2008 on .6 ac in Portland metro.  100% absolute NNN ground lease (land is for sale) with 18 yrs left  to an operator with 13 units.  NOI $130K/yr with 10% rent bump every 5 yrs.  $1.85M. 7% cap. 
2. Starbucks in Ogden, UT: 1813 SF Starbucks built in 2007 on .38 ac lot in Salt Lake City suburbs.  10 yrs NNN- corp lease with 5.5 yrs left.  NOI $93K/yr. in Aug 2012.  $1.2M. 7.81% cap. 
3. Medical Office Building in Pasadena, TX: 51,316 SF multi-tenant attractive class-A medical office building on 4.68 acres lot at an intersection of 2 major arteries in fast growing and high income Houston metro.  Easy access to Sam Houston tollway and 1.8 miles 359 bed HCA Bayshore Medical Center. 81% leased with current NOI $706K/yr. $8.8M. 8.03% cap.  Upside potential when fully leased. 
4. Emergency Hospital in San Antonio, TX: 28,355 SF full-service 24/7 emergency hospital renovated in 2011 in high income Northern San Antonio.  New 12 yrs NNN lease.  NOI $720K/yr with 10% rent bump every 5 yrs. $9M. 8% cap. 
5. Buffet Restaurant in Phoenix, AZ: 8473 SF Chinese buffet restaurant on 1.29 ac lot on a major artery.  100% NNN lease till 2018.  Tenant has been here since 2003. NOI $113K/yr. with generous 3% annual rent bump. $1.38M. 8.25% cap. 
6. Office Building in Aptos, CA: 2793 SF office building on .44 ac lot in affluent coastal Santa Cruz metro in Northern CA.  100% leased to 2 tenants: Fitness Prescription and American Medical Response.  NOI N/A.  Just $823K. 
7. Wendy’s in Spring Hill, FL: 2959 SF Wendy’s restaurant built in 2003 on 1.12 ac lot in Tampa suburbs.  15 yrs absolute NNN corp ground lease (land is for sale, tenant owns the building) with 7 yrs left.  NOI $69K/yr with 10% rent bump every 5 yrs (next on in 2013).  $1.091M. 6.35% cap now and 7% cap in 2013. 
8. Shopping Center in Houston, TX: 23,875 SF shopping center built in 2009 with easy access to Sam Houston tollway.  87% NNN leased.  Tenants include Western Union, State Farm, WIC, Colbert Ball Tax Service, Dazzles Hair Salon, Casa de Villa Mexican Restaurant, 249 Sports Grill, Subway, EZ Mobile, Kid's Nutrition.  NOI $333K/yr. $3.95M. 8.65% cap. 
9. Walgreens in Rosedale, MD: 15,120 SF Walgreens on 2 ac lot in high income Baltimore suburbs. 20 yrs NNN- with 11 yrs left.  NOI $404K/yr. $5.75M. 7.1% cap. 
10. Shopping Center in Elizabeth City, NC: 96,416 SF well-maintained shopping center built in 1992.  Anchored by Farm Fresh Supermarket and Big Lots with long term leases with 2 anchored tenants contribute 89% of rental income.  99% leased.  NOI $512K/yr. $6.5M. 7.88% cap.  Assumable debt.

© Transmercial 2011.