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August 2018

07-03: Burger King, Office Buildings, Hardee’s, O’Reilly’s Auto Parts, Apartments, Retail Centers

  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 …Read More