Top 8 Retail Properties of Feb 3, 09

1. Rite Aid in Paramount, CA: 13,450 SF pharmacy built in 2005 on an outparcel to a 94,841 SF shopping center in area with high barriers to entry. 20 yrs NNN lease with 10% rent increase every 10 yrs. NOI $340K/yr. $4.788M. 7.1% cap. Seller very motivated.
2. Strip mall in Phoenix, AZ: 7534 SF strip mall built in 2005 on 1 ac parcel adjacent to Walgreens and Autozone. 100% NNN leased by 6 tenants. NOI $166K/yr. $2M. 8.31% cap.
3. Strip Center in Castro Valley, CA: small 4840 SF retail strip on ¼ ac lot in an area with AHI over $83K/yr. with easy access to I-580. 100% NNN leased by 3 tenants. NOI $62K/yr. $950K. Seller to provide 70% financing at low 5% interest.
4. O’reilly Auto in Decatur, GA: 6800 SF brand new auto parts store on 1.4 acres lot in Atlanta metro. 20 yrs NNN corp lease. NOI $110K/yr. $1.419M. 7.75% cap.
5. Shopping Center in Tucson, AZ: 99,033 SF shopping center on over 8 acres of land. Anchored by a grocery store, Autozone, Big 5 Sporting Goods, and family Dollar. 96% NNN leased. NOI $860K/yr. $10.25M. 8.4% cap.
6. Retail center in Sacramento, CA: 10,791 SF retail center built in 2007 on 1.1 ac lot on Stockton blvd just 100 yards from Hwy 99. 100% NNN leased. NOI $321K/yr. $4.15M. 7.74% cap.
7. KFC restaurant in Bartow, CA: 2091 SF restaurant on 1/3 acre parcel in a growing city. New 20 yrs absolute NNN lease by an experienced operator with 7 locations in CA. NOI $73K/yr with 10% rent bump every 5 yrs. $1.149M. 6.355 cap.
8. Shopping center in Plano, TX: 192,267 SF shopping center on over 16 acres corner parcel in a affluent (AHI over $107K/yr) Dallas suburb. Anchored by an high-volume Albertsons. 85% NNN leased. NOI $1.15M. $13.15M. 8.75% cap.
   
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