Top 7 Retail Properties Feb 4, 09

1. New Walgreens in Sacramento, CA: 14,490 SF new Walgreens on over 2 acres corner lot in a growing Sacramento suburb. New 25 yrs NNN lease. NOI $412K/yr. $6.103M. 6.75% cap.
2. Medical Office Building in Colorado Springs, CO: 18,222 SF 10-yrs old 2-story class-A medical office building on 2.32 acres lot in a growing and high income (AHI $85K/yr). 92% NNN long term leased. NOI $226K/yr. $2.775M. 8.16% cap.
3. Just Brakes in Tampa, FL: new 3800 SF Brakes specialist store on ½ acre. 10 yrs NNN lease by a regional tenant with over 140 stores. NOI $102K/yr with 10% rent bump every 5 yrs. $1.28M. 8% cap.
4. Goddard Childcare in Keller, TX: 8000 SF brand new childcare center on 1.1 acres parcel in a booming (268% since 2000) and high income (AHI $81K/yr) Dallas suburb. 15 yrs absolute NNN lease by #1childcare franchise in the US. NOI $172K/yr with 12% rent increase every 5 yrs. $2.123M. 8.1% cap.
5. Walgreens in Clayton, NC: 14,470 SF pharmacy built in 2004 on 1.36 acres corner lot in a fast growing Raleigh suburb. 25 yrs absolute NNN lease. NOI $310K/yr. $4.231M. 7.35% cap.
6. Office Building in Santa Clara, CA: 12,400 SF 2-story office building on 27,000 SF lot near San Jose airport with easy access to highway 101. 85% leased. NOI $232K/yr. $2.9M. 8% cap.
7. Shopping center in Miami, FL: brand new 21,032 SF 14-unit retail center on 1.7 acres lot in prime commercial area near Mall of The Americas. 80% NNN leased. NOI $519K/yr. $6.7M. 7.75% cap. Upside potential when 100% leased.

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