Top 8 Properties Among 340 On June 4, 2009

1. Just Tires Store in Knightdale, NC: 7600 SF Automotive center on 1 acre lot in a fast growing Raleigh metro. 100% NNN lease with corp guaranty by Goodyear Tire & Rubber company. NOI $197K/yr. $2.364M. 8.35% cap.
2. Starbucks Coffee & 76 Gas Station in San Jose, CA: 1148 SF Starbucks Coffee and 76 Gas Station on the busy Tully Road at Hwy 101. Long term NNN leases. NOI $239K/yr. $3.545M. 6.75% cap.
3. Sportsman’s Warehouse in Mesa, AZ: 50,239 SF retail store on 4.4 acres lot next to Wal-mart Supercenter just off Superstition Fwy in a fast growing and high income Phoenix metro. 10 yrs NNN lease by Sportsman’s Warehouse. NOI $612K/yr. $7.2M. 8.5% cap.
4. Shopping Center in Palmdale, CA: 144,471 SF shopping center on over 13.4 acres parcel just East of Hwy 14 in a fast growing city in Los Angeles. Anchored by Factory 2-U and Burlington Coat Factory. 75% leased. NOI $861K/yr. $10.5M. 8.2% cap. Strong upside potential when 100% leased.
5. Fresh & Easy Grocery in Moreno Valley, CA: 15,000 SF single-tenant store built in 2008 on 1.35 acres lot in a fast growing city in Riverside. New 20 yrs NNN lease by Fresh & Easy, a subsidiary of Tesco, the number 3 largest retailer in the world. NOI $220K/yr with 10% rent bump every 5 yrs. $3.035M. 7.25% cap.
6. Rite Aid Pharmacy in San Jacinto, CA: 17,272 SF new drug store with drive thru on 1.75 acres parcel in a fast growing city in Riverside county. New 20 yrs NNN lease with rent increase. NOI $410K/yr. $5.29M. 7.75% cap.
7. Kohl’s Department Store in Kansas City, MO: 88,248 SF single-tenant 5-yr old store as part of a power center anchored by Super Target, Home Depot, BBB, TJ Maxx, and Petsmart just off I-35. 100% NNN leased till 2025. NOI $738K/yr. $9.232M. 8% cap.
8. Walgreens in Lake Stevens, WA: 15,004 SF drug store in a high income Seattle suburb. 25 yrs NNN lease. NOI $553K/yr. $7.373M. 7.5% cap.

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