Top 6 Properties of 04-10-09

1. Walgreens in North Highlands, CA: 14,490 SF new drug store on over 2 acres of land in Sacramento metro. 75 yrs NNN lease. NOI $412K/yr. $5.645M. 7.3% cap.
2. Office Depot in Palo Alto, CA: rare 30,979 SF single-tenant building developed in 1999 on 2.65 acres parcel just off Hwy 101 in a wealthy (AHI $157K/yr) and prestigious town in Silicon Valley. Surrounded by IKEA, Home Depot, Nordstrom Rack, Sports Authority, Best Buy, Mi Pueblo Supermarket. 100% NNN leased till 2018. NOI $898K/yr. $10.88M. 8.25% cap.
3. Advance Auto Parts in Thornton, CO: new 7000 SF Advance Auto Parts on 1.25 acres outparcel to a new grocery-anchored shopping center in a stable Denver metro. 15 yrs NNN lease. NOI $140K/yr. $1.869M. 7.5% cap.
4. Quick Quack Car Wash in Citrus Heights, CA: 3972 SF franchised car wash on .84 acre lot across from Sunrise Mall in Sacramento. 15 yrs NNN lease. NOI $290K/yr. $3.263M. 9% cap.
5. Childtime Learning Center in Clovis, CA: 6365 SF built in 1986 on over 1 acre parcel in a fast growing Fresno metro. 10 yrs NNN corp lease by the 2nd largest childcare provider in the US. NOI $70K/yr with 10% rent increase every 5 yrs. $875K. 8% cap.
6. Retail center in Belleview, WA: 6450 SF retail center built in 2006 just off I-90 in a affluent Seattle suburb with AHI over $121K/yr. 100% NNN leased by Starbucks Coffee and Jack In The Box. NOI $209K/yr. $2.79M. 7.5% cap.
   
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