Top 10 Properties Among 316 on 06/16/09

1. Rite Aid Pharmacy in Galt, CA: brand new 17,272 SF pharmacy on 1.79 acres of land in growing town between Stockton and Sacramento. 20-yrs NNN corp lease. NOI $435K/yr. w/ 10% rent bump in year 11. $5.117M. 8.5% Cap.
2. Just Tires/Goodyear in Apex, NC: 7600 SF brand new retail building on .90 acre lot outparcel to Lowe’s shopping center in fast growing Raleigh/Durham suburbs. Long NNN corp lease till 2020. NOI $216/yr. $2.7M. 8% Cap.
3. Office Building in Glendale, AZ: 26,573 SF professional office complex built in 1999 on 2.75 acres of land in densely populated area near Fwy-101. 63% leased $3M. 8.55% Actual Cap. Upside potential when fully leased.
4. Strip Center in Moreno Valley, CA: 6240 SF shopping center built in 2008 on .9 acre lot shadow-anchored by Walgreens across from Home Depot. 100% NNN leased by three tenants. NOI $167/yr. $2.230M. 7.5% Cap.
5. Hooters Restaurant in Myrtle Beach, SC: 4598 SF restaurant constructed in 1993 on over 1 acre lot at tourist destination area in wealthy (AHI $80K/yr.) area. Just 1 short block to the beach. NNN ground lease (buyer is buying the land but if tenant does not renew the lease in 4 yrs then buyer owns both land and building). NOI $89K/yr. $1M. 9% Cap.
6. Walgreen’s Pharmacy in Montgomery, IL: brand new 14,820 SF retail building on 1.71 acre of land located in growing area in Chicago suburb. Long NNN corp lease. NOI $420K/yr. $5.915M. 7.10% Cap.
7. Dollar Tree in Twentynine Palms, CA: 15,506 SF retail building on 1.53 acres of land in Stater Bros. Grocery anchored shopping center. NNN corp leased by recession resistant tenant till 2019. NOI $189K/yr. $2.235M. 8.5% Cap.
   --Strong sales since store opened
8. Apollo College in Tucson, AZ: 36,500 SF attractive retail building on 3.10 acres of parcel at hard corner location. NN leased till 2018 by credit tenant. NOI $567K/yr. Annual rental increases. $5.4M. 10.5% Cap.
9. Shopping Center in Wake Forest, NC: 10,280 SF shopping center built in 1998 on 1 acre pad adjacent to Home Depot/Target with excellent tenant mix. 100% NNN leased. NOI $116K/yr. $1.6M. 7.25% Cap.
10. Office Building in Miami, FL: 23,000 SF two-story recently renovated office building on .91 acre lot near I-95. 100% leased. NOI $195K/yr. $2.3M. 8% Cap.
    
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