09-24: Rite Aid, Day Inn, Kindercare, Medical Bldg, Advance auto For Sale

1. Rite Aid Pharmacy in Raleigh, NC:11,529 SF Rite Aid Pharmacy on 2.73 acres corner lot on Hwy 401 in fast growing (81% since 2000) middle-class area. New 15 years absolute NNN lease. NOI $261K/yr. $2.905M. 9% Cap. 
2. Day Care Facility in Andover, MN: 8606 SF KinderCare facility built in 1997 on 3.86 acres lot in upper middle-class (AHI $89K/yr w/I 1 mile) Minneapolis suburbs. 100% NNN corp leased till 2017 to the nation’s leading daycare provider. NOI $132K/yr. $1.762M. 7.5% Cap.
3. Dollar General in Chicago, IL: 9375 SF recently remodeled free-standing retail building located along active corridor. 100% NN corp leased till 2017. NOI $115K/yr. $1.277M. 9% Cap. Recession insensitive tenant.
4. Day Inn & Suites in La Mesa, CA: 41-unit hotel/motel in San Diego metro.  Located just a mile from San Diego University, and 12 miles from major local attractions, such as San Diego Zoo, SeaWorld, Balboa Park and Downtown San Diego.  NOI $228K/yr. $2.85M. 8% cap.
5. Shopping Center in Santa Ana, CA: 8395 SF well-maintained shopping center at signalized hard corner location with excellent tenant mix. 100% NNN leased to 5 tenants. NOI $270K/yr. $3.729M. 7.25% Cap.
6. Shopping Center in Sacramento, CA: 61,872 SF shopping center on 4.65 acres corner lot on busy Florin road.  Anchored by Rite Aid.  80% leased.  NOI $448K/yr. $6.4M. 7% cap.  Just over $100/SF!
7. Medical Office Building in San Pablo, CA: 20,438 SF 10-unit medical office building on 1.5 acres lot across acute-care Doctors Medical Center just North of Berkeley.  Easy access to I-80.   83% occupied with below market rent of $1.62/SF.  Proforma NOI $239K/yr. $3M. 8% proforma cap.
8. Walgreens in Hattiesburg, MS: 13,650 SF drug store on a corner lot with rare frontage on 3 roads.  Across from University of Southern Mississippi campus. 100% NNN- leased till 2017.  NOI $286K/yr. $3M. 9.57% cap.
9. Advance Auto Parts in  Rocky Mount, NC: 7000 SF single-tenant retail center built in 2005 on .8 acres lot.  15 yrs NN lease with 9 yrs remaining.  NOI $108K/yr. $1.350M. 8% cap.

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