1. Burger King in Pontiac, MI: 4,475 SF drive-thru fast food restaurant remodeled in 2016 on 1.48 ac lot in Detroit suburbs. With easy access to I-75. Tenant has been at this location
since 2006. Recently executed a new 20 year absolute NNN lease to a strong franchisee with over 800 units. NOI $68K/yr with scheduled rent increases. $1.056M. 6.50% cap.
2. Hardee’s in Columbia, SC: 3,389 SF Hardee’s fast food restaurant remodeled in 2014 on over 1 ac lot along busy retail corridor with over 39,000 VPD. Tenant has been at this location since 1994. 100% absolute NNN corp lease till 2024. NOI $75K/yr with a 10% rent increase in 2019. $1.048M. 7.15% cap.
3. Shopping Center in Houston, TX: 82,177 SF consisting of three retail buildings on over 21 acres of land in a fast growing area. 91% leased with good tenant mix including Advance Auto Parts and CSL Plasma. NOI $728K/yr. $9.1M. 8% cap.
4. Retail Center in Midland, TX: 19,530 SF well maintained retail center built in 2005 on 1.89 ac lot at a signalized corner location in a fast growing oil/gas town. Major tenants: Advance Auto Parts, Familia Dental and Advance America. 100% leased. NOI $326K/yr. $4.669M. 7% cap.
5. Multifamily in Clovis, CA: 12,800 SF consisting of sixteen 2-bd/1-ba multifamily complex. Close to California State University and Hwy-168. NOI $176K/yr. $2.75M. 6.40% cap.
6. Retail Building in Tulare, CA: 62,947 SF inline retail building completed in 1991 on 6.64 ac lot. Shadow anchored by Big K Mart and across from Walmart. Adjacent to Tulare Outlet Mall. 100% NNN leased to Big Lots, Harbor Freight Tools and Dollar Tree. NOI $455K/yr. $7.002M. 6.50% cap.
7. Burger King in Tonawanda, NY: 3,174 SF Burger King built in 2002 on 1.32 ac lot along major thoroughfare. Across from Boulevard Mall. 20 year NNN lease with 5 years left. NOI $127K/yr with 1% annual rent increases. $1.958M. 6.50% cap.
8. O’Reilly Auto Parts in Lake Zurich, IL: 6,000 SF well maintained single tenant retail building on .73 ac lot in high income Chicago MSA with an AHI of $152K/yr in a 3 mile radius. Adjacent to Jewel-Osco shopping center. Along Hwy-12 with over 44,000 VPD. 100% NNN- corp lease with 9+ years left. NOI $92K/yr. $1.48M. 6.24% cap.
9. Office Building in Chico, CA: 5,957 SF multi-tenant office building completed in 2001 on .48 ac lot. Close to Chico Mall and Hwy-99. 100% leased to long term tenants. NOI $97K/yr. $1.57M. 6.18% cap.
10.Neighborhood Center in Evansville, IN: 51,029 SF mature shopping center on over 5 ac corner lot. Major tenants. Dollar General, Goodwill, Rent-A-Center, Save-A-Lot, Dollar Tree and Domino’s Pizza. 100% leased. NOI $291K/yr. $3.243M. 9% cap.