Best Retail Properties 12-08-08

1. CVS Pharmacy in Katy, TX: 12,900 SF brand new pharmacy on 1.7 acres lot at the entrance to 2500 home master-plan high-income community in Houston. 20 yrs absolute NNN lease. NOI $356K/yr. $4.91M. 7.25% cap.
2. Rite Aid Pharmacy in Wadsworth, OH: 11,240 SF drug store built in 1998 on 1.75 acres parcel just off I-76 in a stable Akron suburb. 100% absolute NNN leased till 2018 with corp guaranty. NOI $219K/yr. $2.582M. 8.5% cap.
3. Shopping Center in Houston, TX: 41,634 SF shopping center on 4.1 acres corner lot in a growing and high-income part of Houston. Shadow anchored by Wal-mart neighborhood grocery store. 100% NNN leased. NOI $563K/yr. $7.27M. 7.75% cap. Buyer to assume $5.9M. loan at low 5.95% fixed-rate interest for 10 yrs.
4. Single-Tenant Retail Store in Rocklin, CA: 13,969 SF brand new retail building on 1.59 acres parcel in a growing and strong income Sacramento suburb. 20 yrs NNN ground lease by Fresh & Easy Grocery (you own the land.) NOI $206K/yr. $2.942M. 7% cap.
5. Fifth Third Bank in Roswell, GA: 4592 SF bank building constructed in 1991 on 1.58 acres parcel in a wealth (AHI $135K/yr) Atlanta suburb. 100% NNN lease with over 6 yrs remaining with guaranty by a strong regional bank with over 1300 locations. NOI $162K/yr. with 2% annual rent bump. $1.313M. 8% cap.
   
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