03-11: Senor Tequila's; Taco Bueno; Office Buildings; Retail Centers

1. Senor Tequila’s in Fort Myers, FL: 9304 SF Mexican restaurant completely renovated in 2014 on 1.73 ac outparcel to Power Center with Super Target, World Market, DSW and Barnes & Noble. Across from Costco and T.J. Maxx. Close to Bell Tower Shops. 10-yrs absolute NNN lease with over 9-yrs left. NOI $171K/yr with 2.5% annual rent bumps. $2.638M. 6.50% cap.
2. Office Building in Woodbury, MN: 20,656 SF Class-A two-story office building in a growing and high income Minneapolis suburbs with an AHI of $86K/yr in 1 mile radius. With easy access to I-494/I94. 100% leased to Prairie Care and Keller Williams Realty. NOI $358K/yr. $4.65M. 7.70% cap.
3. Shopping Center in San Antonio, TX: 134,187 SF well maintained shopping center on 3 ac lot along NW Loop-410. Major tenant include: FAMSA, Inc, Teppanyaki Grill & Buffet and Blast Fitness. Near Ingram Park Mall with Macy’s, Dillard’s, Sears and JCPenney. 87% leased. 7% cap. Price N/A.
4. Office Building in Bohemia, NY: 10,000 SF office/medical office building in high income (AHI $98K/yr) New York suburbs. Close to Mercy and South Nassau Hospital. 76% leased. $1.895M. NOI/Cap N/A.
5. Retail Center in Columbus, OH: 12,516 SF well kept retail center on over 1 ac lot in a high income (AHI $80K/yr in 3-miles) neighborhood. All tenants face main corridor. 100% NNN leased to eight tenants. NOI $141K/yr. $1.665M. 8.50% cap.
6. Taco Bueno in Colorado Springs, CO: 2850 SF brand new Tex-Mex style Mexican cuisine fast food restaurant on .67 ac lot in upper middle class area. With easy access to I-25. 20-yrs absolute NNN corp lease. NOI $110K/yr with 1% annual rent bumps starting in yr-6. $1.84M. 6% cap.
7. Office Building in Phoenix, AZ: 28,594 SF consisting of two well maintained multi-tenant office buildings on nearly 2 ac lot close to Hwy-51. 89% leased. $2.467M. 7.61% cap.

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