12-16: Shopping Center, Long Horn steakhouse, Arbys, Hardee's, Fresenius, Davita

1. Shopping Center in Reno, NV: 31,616 SF mature shopping center on 5.4 ac corner lot near I-580 exit.  75% occupied.  Current NOI $439K/yr. $4.995M. 8.815 cap.  Upside potential when fully leased. 
2. Long Horn Steakhouse in Phoenix, AZ: 6300 SF brand new restaurant on 1.64 ac lot as part of Metro Center Mall. New 10 yrs absolute NNN ground lease (land is for sale).  NOI $98K/yr. $1.97M. 5% cap. 
3. Arby's in Gilbert, AZ: 2962 SF fast food restaurant built in 2008 on .9 ac outparcel to Costco.  Adjacent tenants Include Walmart, Sam's Club, OfficeMax, Marshalls, JoAnn, Bed Bath & Beyond, DSW.  High income with AHI of $106K/yr in 1 mile.  Long term NNN lease to franchisee with 56 units.  NOI $144K/yr. $2.4M. 6% cap. 
4. Hardee's in Mobile, AL: 2972 SF Hardee's restaurant built in 2004 on 1.79 ac lot across the street from a Kohl' s and 16 screen Carmike Cinemas movie theatre.  Long term NNN lease to a franchisee with 95 locations.  NOI $72K/yr. $1.2M 6% cap. 
5. Fresenius Dialysis center in Mount Pleasant, SC: 6000 SF dialysis center built in 2005 in Charleston metro.  100% corp NNN lease till 2020.  NOI $175K/yr. $1.954M. 9% cap.
6. Medical office building in Hilliard, OH: 7255 SF medical office building completed in 1989 on 1.23 ac lot.  77% leased to Heartland Cardiology.  NOI N/A.  $799K.
7. Davita Dialysis Center in Atlanta, GA: 6600 SF dialysis center on .55 ac lot.  100% leased till 2027.  NOI $58K/yr. $730K. 8% cap.

            (c) Transmercial 2013