06-01: Office building, Burger King, Starbucks, KFC, McDonalds

1. Office Building in Milpitas, CA: 9696 SF 2-story office building on ½ ac lot in high income Silicon Valley town with easy access to I-680.  100% NNN leased to 2 tenants: Comerica Bank & Chanwell medical clinic.  NOI $206K/yr with 1.5% annual rent bumps from both tenants.  $2.945M. 7% cap. 
2. Burger King in Summerville, SC: 2500 SF restaurant built in 2001 on 1 ac outparcel to Food Lion grocery in Charleston suburbs.  20 yrs absolute NNN lease with 9 yrs left.  NOI $91K/yr with rent bumps.  $1.145M. 8% cap. 
3. Starbucks in Turlock, CA: 1500 SF Starbucks built in 2004 on .27 ac outparcel to SaveMart Supermarket and CVS in San Joaquin Valley.  100% NNN- with 2 yrs left.  NOI 73K/yr with 15% rent bump in each 5 yrs option.  $923K/. 8% cap. 
4. KFC in Powder Springs, GA: 3045 SF KFC on ½ ac lot in high income Atlanta suburbs.  20 yrs NNN lease.  NOI $55K/yr. with 10% rent bumps every 5 yrs. $758K. 7.25% cap. 
5. McDonalds in Hermitage, PA: New 3860 SF McDonalds on 1.08 ac lot across from Shenango Valley Mall.  New 20 yrs NNN corp ground lease (land is for sale).  NOI $82K/yr. with 12% rent bump in year 11.  $1.65M. 5% cap. 
6. Strip Center in Orland Park, IL: 8927 SF retail center on a corner lot in Chicago metro.  100% NNN leased to 5 tenants.  NOI $131K/yr. $1.2M. 10.9% cap. 
7. Apartments in Fort Worth, TX: 145-unit 17-building apartments complex on 5.2 ac lot.  98% occupied.  NOI $318K/yr. $3.1M. 10.28% cap.  Just over $21K/unit.

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