03-01: Rite Aid, Wienerschnitzel, Holiday Inn Express, Walgreens, Staples, Cash America

Advisory: the US economy grew at faster pace at the end of 2011.

1.  Shopping Center in Plano, TX: 21,000 SF shopping center built in 2006 on 1.96 ac lot across from Wal-mart in affluent Dallas suburbs. 100% NNN leased to 10 tenants. NOI $428K/yr. $5.41M. 8.5% cap. 
2. Rite Aid in Columbia, SC: 14,673 SF drive-through pharmacy built in 2008 on 1.69 ac lot across from Lowe’s and close to UNI Heath Post Acute Care. 100% absolute NNN lease till 2028. NOI $294K/yr with 10% rent increase in 2018. $3.277M. 9% cap.  
3. Wienerschnitzel in Glendale, AZ: 1579 SF drive-thru restaurant built in 2001 on .85 ac lot near Banner Thunderbird Medical Ctr in growing Phoenix suburbs. 100% absolute NNN lease with 9 yrs left. NOI $60K/yr with rent increases. $857K. 7% cap.  
4. Holiday Inn Express in Livingston, TX: 60-room recently renovated hotel on 2.52 acres along highway and about 1 hr from Houston. NOI $303K/yr. $2.975M. 10.21% cap. Price at 3.39 times 2011 room revenue.  
5. Walgreens in Alhambra, CA: 12,200 SF drug store built in 2005 on 1.21 ac lot in high income (AHI $84K/yr) and densely-populated Southern CA area. 100% NNN lease.  NOI $534K/yr. $8.9M. 6% cap. 
6. Shopping Center in Las Vegas, NV: 35,494 SF attractive shopping center built in 2002 on 3.28 acres close to Hwy-95. Strong demographics: AHI $84K/yr in 1 mile, fast growth.  60% leased with mostly NNN leases. NOI $273K/yr. $2.9M. 9.42% cap. Upside potential.  
7. Staples in Duarte, CA: 17,118 SF Staples built in 1991 on .83 lot next to I-210 in densely populated Los Angeles metro. 100% NNN corp lease till 2018. NOI $444K/yr. Price reduced to $6.5M. 7.32% cap.  
8. Cash America in Midland, TX: 7200 SF retail center built in 2002 on .66 ac lot in growing and middle-class (AHI $71K/yr in 3 mile) oil & gas town. New 10-yrs absolute NNN corp lease. NOI $86K/yr with 10% rent increases every 5-yrs. $1.115M. 7.75% cap.

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