01-10: KFC, AutoZone, 24-Hr Fitness, Burger King, Navy Fed CU, Firestone, Apartments

1. Medical & recreational facilities in Trussville, AL: 31,200 SF 2-building medical & recreational facilities built in 2004 on 3 ac lot in affluent (AHI $120K/yr in 1 mile) Birmingham suburbs.  100% leased to 9 tenants.  NOI $278K/yr. $2.223M. 12.5% cap. 
2. KFC in Sioux City, IA: 3078 SF KFC on 2/3 ac lot on a main road.  New 20 yrs absolute NNN lease to an experienced franchisee with personal guaranty.  NOI $95K/yr. with 10% rent bump every 5 yrs. $1.194M. 8% cap. 
3. AutoZone in Indio, CA: 5000 SF AutoZone built in 1995 on .54 ac lot.  20 yrs lease with 4 yrs left.  NOI $121K/yr.  $1.616M. 7.5% cap.  
4. 24 Hrs Fitness in Murray, UT: 35,436 SF 2-story fitness center built in 2004 on 2.15 ac lot in upper middle class Salt Lake city metro. Part of a larger marketplace co-anchored by top-performing A-Fresh Market and Big Lots! 20 yrs NNN- corp lease till 2024 to 24-Hr Fitness USA, Inc.  NOI $670K/yr with 9% rent bump every 5 yrs. $7.445M. 9% cap. 
5. Shopping Center in Katy, TX: 23,500 SF shopping center constructed in 2005 on 2.2 ac corner lot in booming (220% since 2000) Houston suburbs.  Anchored by 10,000 SF Dollar Tree.  100% NNN leased to 9 tenants.  NOI $273K/yr. $3.349M. 8.15% cap. 
6. Burger King in Phoenix, AZ: 3500 SF Burger King on an outparcel to a grocery-anchored shopping center.  100% NNN lease with 6 yrs left to a multi-unit operator.  NOI $90K/yr with 5% rent bump every 5 yrs. $1.2M. 7.5% cap. 
7. Navy Federal Credit Union in Stockbridge, GA: 3379 SF free-standing credit union on 1.35 acres lot close to I-75 in Atlanta suburbs.  10 yrs absolute NNN lease with 5.5 yrs left to Navy Federal Credit Union with $46B in assets and 3.7 million members.  NOI $64K/yr with generous 3% annual rent bump.  Only $850K.  7.59% cap. 
8. Firestone Auto Center in Hutto, TX: 7895 SF auto service center built in 2007 on .927 ac pad to the Home Depot in Austin metro.  15 yrs NNN lease till 2022.  NOI $198K/yr with 6.5% rent bump in 2017.  $2.67M. 7.34% cap. 
9. Apartments in Dallas, TX: 70-unit 2-bedroom apartments with individual HVAC and water heaters.  Metal pitched roofs.  98% occupied.  NOI $229K/yr. $2.5M. 9.2% cap. 
10. Apartments in Austell, GA: 100-unit renovated townhome apartments on 11.28 ac lot in Atlanta metro.  98% occupied. NOI $262K/yr. $2.85M. 9.2% cap.

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