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03-05: Good Times Burger & Frozen Custard, Dollar General, Liberty Dialysis, Retail Centers

  • Good Times Burger & Frozen Custard in Centennial, CO: 2100 SF brand new fast food restaurant on .89 ac lot along main retail corridor in fast growing and high income (AHI $99K/yr in 3 miles) Denver MSA. Near Centennial Medical Plaza, Arapahoe Crossings with AMC Theaters and Hwy-83. Brand new 20-yrs absolute NNN corp lease. NOI $93K/yr with 1% annual rent bumps. $1.562M. 6% cap.
  • Retail Center in Saint Charles, IL: 16,189 SF well maintained retail center at a signalized intersection in affluent Chicago suburbs with an AHI of $102K/yr in a 3 mile radius. Good tenant mix: Valley Lock, Chiropractor, Domino’s Pizza, Benefit Personal Training, Tax/Attorney, Cell Phone Repair and Keller Williams. NOI $110K/yr. $1M. 11% cap.
  • Retail Buildings in Brooklyn Park, MN: 34,400 SF consisting of three attractive buildings on over 3 ac corner lot in Minneapolis suburbs. 90% leased with good tenant mix including: Petco, Caribou Coffee, Chipotle, Jimmy John’s, Panda Express and Game Stop. Close to I-494. NOI $515K/yr. $7.365M. 7% cap.
  • Strip Center in Lincoln, CA: 9961 SF attractive strip center along main corridor in growing and upper middle class Sacramento suburbs. Across from Walmart Neighborhood Market. 90% leased to eight tenants. Actual NOI $91K/yr. $1.375M. 6.60% actual cap. Upside potential.
  • Office Building in Tustin, CA: 11,368 SF consisting of two attractive office buildings on .59 ac lot in upper middle class Orange County. Close to Western Medical Center and Hwy-55. 97% leased. $2.65M. NOI/Cap N/A.
  • Retail Center in Grover Beach, CA: 12,600 SF 12-units well maintained retail center in a coastal city in San Luis Obispo County. Tenants include: Community Health Center, Veterinarian and other wellness related tenants. NNN lease with only one vacancy. NOI $135K/yr. $1.85M. 7.30% cap.
  • Dollar General in Jacksonville, FL: 9014 SF Dollar General in a fast growing (127% pop growth since 2000) and high income (AHI $85K/yr) area. Next to Walgreens. 10-yrs absolute NNN lease. NOI $128K/yr. $2.054M. 6.25% cap.
  • Liberty Dialysis in Victoria, TX: 9000 SF Class-A dialysis center constructed in 2009 on over 1 ac lot close to 296-bed Citizens Medical Center. 100% absolute NNN lease with 8-yrs left to Liberty Dialysis, an affiliate of Fresenius Medical Care. NOI $220K/yr with 2% annual rent increases. $3.146M. 7% cap.