Top 10 Commercial Properties 08-24-09

1. Shopping Center in Santa Anna, CA: 11,325 SF well located shopping center on .78 acre lot across from Santa Anna College with very-little competition. NOI $232K/yr. $3.190M. 7.30% Cap.
2. Medical Office in Conyers, GA: 7236 SF attractive free-standing medical office on 1.76 acres of land near I-20 in growing Atlanta metro. 100% NNN leased by recessions resistant tenants. NOI $181K/yr. $2.134M. 8.5% Cap.
3. Strip Center in Los Angeles, CA: 10,119 SF well-maintained strip center on .43 acre lot at hard corner location close to Fwy-10. NOI $242K/yr. $3.150M. 7.7% Proforma Cap.
4. Kinder Care in Fort Washington, MD: 6,484 SF single-tenant retail building constructed in 1985 on 1.99 acres of parcel in growing (16.26%) and wealthy (AHI $107K/yr within 1-mile radius) Washington, D.C. suburbs. 100% NNN leased. NOI $111K/yr. $1.082M. 10% Cap.
5. Strip Center in Los Angeles, CA: 6452 SF strip center built in 1994 at signalized intersection in densely populated area. 100% leased. NOI $137K/yr. $1.595M. 8.70% Cap.
6. Party City in Bakersfield, CA: 11,232 SF attractive single tenant retail building constructed in 2007 on .85 acre lot adjacent to 1.1 million square feet Northwest Promenade shopping center anchored by Walmart, Target, Home Depot, Best Buy, Kohls and Michaels. Long NNN leased till 2017 by Party City, the largest party supply company with over 500 stores. NOI 255K/yr. $2.8M. 9.10% Cap.
7. World Market in Wichita, KS: 18,252 SF recently constructed retail building on 3.65 acres of land adjacent to Super Target off of K-96. Long NNN leased by Cost Plus World Market, a chain of 270 stores in 30 states. NOI $237K/yr. Price reduced to $2.433M. 9.75% Cap.
8. Medical Office in Mesa, AZ: 4247 SF one-year old medical office condo with excellent visibility in a booming area.100% leased by dental office. NOI $96K/yr. $1.069M. 9% cap.
9. Jiffy Lube in Austin, TX: 2346 SF Jiffy Lube retail building adjacent to Target Superstore off of I-183. Long NNN leased. NOI $98K/yr. $1.150M. 8.57% Cap.
10. Applebee’s Restaurant in Midlothian, VA: 4407 SF restaurant built in 1992 on .80 acre lot in Richmond metro. Shadow-anchored by Big K-Mart and just one block from Costco. Long absolute NNN lease with 2% annual rent increases. NOI $207K/yr. $ 2.435M. 8.5% Cap.
    
    © Copyright Transmercial 2009. All rights reserved.

Top 9 Properties Among 252 08-21-09

Advisory
Bernanke says economy is on verge of recovery. Please click here to read the article.

Transmercial is recently involved in a offer for a Taco Bell restaurant in which our client made an almost full-price offer. It’s been 2 weeks and the seller has not responded to the offer because there were at least 8 offers. The seller probably thinks his property is worth a lot more and wants to wait for an offer above the asking price.

Transmercial believes now is the best time to buy commercial real estate. As the economy enters the recovery phase, investors would have to pay more for commercial properties. There will be more multiple offers as evidenced in the above example.

1. Applebee’s in Duncanville, TX: 4,900 SF Applebee’s Restaurant built in 1995 on 1.78 acres of land off of Hwy-67. Long NNN leased by strong franchisee. NOI $153K/yr. $1.8M. 8.5% Cap.
2. Strip Center in Fremont, NE: 4,089 SF well located strip center on .70 acre lot across from Fremont Medical Center at signalized hard corner location. 100% leased by Verizon, Ace Cash Express and Scooters Coffee. NOI $96K/yr. $1.2M. 8.04% Cap.
3. Family Dollar in Arlington, TX: 9,180 SF Family Dollar retail building constructed in 2005 on .96 acre lot in growing (31.46%) DFW metro. 100% NNN leased by recession resistant tenant. NOI $69K/yr. $948K. 7.27% Cap. Excellent for 1st time investor.
4. Apartments in Houston, TX: attractive all brick 31-units apartments built in 1980 on .48 acre lot near I-10. 100% leased. NOI $103K/yr. $1.150M. 9% Cap.
5. Medical Office in Yuba City, CA: 8420 SF fully leased medical building constructed in 2008 on .91 acre lot in close proximity to Fremont Medical Center. 100% NNN leased. NOI $136K/yr. $1.956M. 7% Cap.
6. Neighborhood Center in Mesa, AZ: 45,751 SF shopping center built in 2004 on over 7 acres of land shadow-anchored by Safeway at prime location. 97% leased with good tenant mix. NOI $1.071M. $11.400M. 9.4% Cap.
7. El Pollo Loco in Palmdale, CA: 2515 SF El Pollo Loco Restaurant conveniently located at main corridor near Fwy-14. New 20-years NNN lease. NOI $140K/yr. $2M. 7% Cap.
8. Walgreen’s Pharmacy in Denver, CO: 13,905 SF single-tenant retail building on over 2 acres of land along I-70. Long NNN lease. NOI $363K/yr. $4.270M. 8.5% Cap.
9. Strip Mall in Orland Park, IL: 12,000 SF strip mall in a middle-class Chicago metro with AHI over $87K/yr. 100% NNN leased by 5 tenants. NOI $139K/yr. $1.580M. 8.5% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 6 Properties Among 315 08-20-09

1. Strip center in Austell, GA: 9000 SF 3-yrs old multi-tenant strip center on 1.24 ac outparcel to a Home Depot and across from Walmart in fast growing and strong income Atlanta metro. 100% NNN leased with several national tenants. NOI $246K/yr. $2.8M. 8.82% cap.
2. Strip Center in Dallas, TX: 24,000 SF well maintained strip center with excellent visibility. 93% leased. NOI $154K/yr. $1.695M. 9.11% Cap.
3. Retail Building in Visalia, CA: 7500 SF attractive Spanish Mission Style retail building near Sequoia Mall in booming area. 100% NNN leased till 2017. 3% annual rent increases. NOI $171K/yr. $2.4M. 7.16% Cap.
4. Shopping Center in Arlington, TX: 14,050 SF eye-catching shopping center built in 1998 on 1.24 acres of land long State Hightway-360. 100% NNN leased. NOI $183K/yr. $2.040M. 9.01% Cap.
5. Medical Building in Dallas, TX: brand new 7330 SF retail building on .99 acre lot ideally located off of Loop-12. Long NNN corp leased by recession resistant tenant. NOI $145K/yr. $1.790M. 8.12% Cap.
6. Dick’s Sporting Goods in Irving, TX: 55,000 SF one year old retail building in affluent Dallas (AHI $132K/yr.) suburbs with tremendous visibility from Fwy-365. Long NNN leased by credit tenant. NOI $801K/yr. $8.9M. 9% Cap.
   
   © Copyright Transmercial 2009. All rights reserved.

How Properties Are Selected

Every day there are about 300-350 new retail and office properties between $700K to $15M on the market in all 50 states listed by various companies. Out of these hundreds of listings, only the top 5-10 properties make it to the list that you see on this blog. By focusing on the short list of best properties, you will save time and are more likely to be successful with your investments.

Below are some of the selection criteria:

1. Price range: most investors look for properties between $700K and $15M.
2. Property types: most if not all investors of eFunding want to invest in retail properties and office buildings where tenants sign long term low-risk NNN leases, i.e. tenants pay for property taxes, insurance and maintenance expenses, in favor of landlords. They prefer not to invest in apartments where leases are mostly riskier gross, i.e. landlords pay for taxes, insurance and unpredictable maintenance expenses. Besides, apartment tenants normally don’t have much money which may affect their ability to pay the rent on time.
3. Cap rate: the return of investment must be “reasonable”, e.g. generally higher than the interest rate. The cap rate is typically lower in CA and higher in other states. However cap rate is not everything.
4. Property condition: investors prefer properties with little deferred maintenance.
5. Demographics: the selected properties tend to be in growing, high income and bigger cities/metros as they have better chance to appreciate and easier to find tenants. Besides they are easier to sell if needed.
• You won’t see properties in an area where people are moving out, e.g. Detroit downtown. These properties are easy to buy but hard to sell. In addition, it’s hard to get attractive financing, if at all, for these properties.
• Properties in a middle of nowhere won’t make it to the lists. These are also easy to buy but hard to sell.
• Properties in cities where the average household income is way below the national average, e.g. $28,000/year, also won’t make it to the list as these are most likely high-crime areas.
6. Occupancy: close to 100%.
7. Good Visibility: properties tend to have most if not all units facing the road to show case the tenant businesses. Tenants love visibility. What’s good for tenants is also good for investors.
8. Great locations: properties on a major artery with heavy traffic, near the freeway exit, on corner lot, near a mall, on an outparcel to a shopping center.
9. Land: if land is not included then it does matter how beautiful the property is, it will not be selected. This is the type of property that is easy to buy but hard to sell.
10. Lease Type: most likely NNN leases.
11. Parking spaces: at least 4 spaces per 1000 SF of leasable space.. It’s hard to lease a retail property unless it has sufficient parking spaces.
12. Age: not over 20 yrs old unless the property is well-maintained or recently renovated.
13. Price per square foot: sometimes a property is selected because the price per SF is low, e.g. less than $200/SF for a retail property in California. The main reason for the selection is appreciation potential.
14. Low rent: there is upside potential if the rent is below market. When the leases expire, the rent is adjusted to market rent which increases the value of the property.
15. Financing: sometimes a property may be selected because it offers attractive financing. For example, the seller is willing to carry 80% LTV at low interest rate or buyer can assume a loan at 5.5% interest, fixed for 10 years. This in turn may increase the overall return or cash on cash. On the other hand, a property may be screened out because it is difficult to get reasonable financing. For example, in this tight credit market it is extremely difficult to get financing for a single-tenant mom-and-pop restaurant.
16. Misc: A property could be selected or screened out for other reasons
• If a property has a dry cleaner with onsite cleaning, it will not be selected due to potential soil contamination by a chemical called Perc used in the cleaning process.
• A property in an affluent Santa Monica, CA could be selected simply because it’s rarely available.
• A vacant restaurant in front of a mall in San Francisco Bay Area could make the list because it may have lots of interests from investors in CA.

If you are interested on a particular property and would like additional information, i.e. a brochure, please email to maria@transmercial.com. It’s good idea to provide Maria with:

• The date the property was selected (not posted date.) This is on the subject of the post.
• Name of the property, e.g. Walgreens in Dallas, TX.

You will notice that the properties are posted 1 week after the date they are selected. The reason for this 1 week delay is we don’t want other companies to take advantage of our research work. If you are an investor and would like to receive the list daily without one week delay, we invite you to join Transmercial investors club. The daily list of best properties is emailed to members by 6PM PST, Monday-Friday. The email also contains a 1-page flyer for each selected properties with picture, address, and a brief description about the properties.

Membership to Transmercial investors club is FREE. Click here for details. Don’t worry; there are absolutely no obligations of anything from you to us for being a member. Of course, we hope that you like our work and will eventually ask us to represent you. However, it’s all up to you as you have no contractual obligations to us for anything.

Top 8 Properties Among 307 08-19-09

1. Shopping Center in Vancouver, WA: 25,472 SF multi-tenant retail center adjacent to Walgreens/Safeway at high traffic location. NNN leased. NOI $460K/yr. $5.120M. 9% Cap.
2. Neighborhood Center in Clovis, CA: 32,613 SF well maintained neighborhood center consisting of 4 buildings renovated in 2005 on 3.12 acres of land at signalized intersection just ¾ of a mile from Fwy-168. NNN leased. NOI $452K/yr. $5.660M. 8% Cap.
3. Strip Center in Houston, TX: 11,900 SF recently constructed strip center on 1.28 acres of parcel in fast growing area. 100% NNN leased. NOI $354K/yr. $3.934M. 9% Cap.
4. Burger King in Jackson, MS: brand new 2,440 SF single-tenant retail building off of Fwy-55. 20-years absolute NNN leased by strong operator currently operating 200 BK restaurants throughout the US. 2% increases in years 6-20. NOI $110K/yr. $1.425M. 7.75% Cap.
5. Advance Auto Parts in Lubbock, TX: brand new 6124 SF retail building on .65 acre pad in fast growing area. 100% NNN corp lease. NOI $107K/yr. $1.298M. 8.25% Cap.
6. Strip Center in Fort Mills, SC: 8563 SF beautiful strip center on .79 acre lot across from Lowe’s Home Improvement just minutes from Charlotte at high traffic location. 100% leased by 4 tenants. NOI $148K/yr. $1.850M. 8% Cap.
7. Office Building in Omaha, NE: 22,300 SF recently renovated office building on 1.79 acres of land next to new T.D. Ameritrade Headquarters in prosperous (AHI $124K/yr within 1 mile radius) neighborhood. 100% leased by IKON Clinical Solutions. NOI $169K/yr. $2.2M. 7.7% Cap.
8. Shopping Center in Colorado Springs, CO: 83,750 SF shopping center shadow-anchored by Target/Safeway with excellent visibility to main thoroughfare. 90% NNN leased. NOI $949K/yr. $10.750M. 8.83% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 7 Properties among 286 08-18-09

Office Building in Brea, CA: 42,884 SF 2-story office building on 2.20 acres of land surrounded by many professional buildings near Brea Mall in filled Orange County. 100% leased. NOI $700K/yr. $6.6M. 10.61% Cap.
Shopping Center in Madera, CA: recently completed 10,800 SF shopping center on .73 acre lot with ease ingress/egress and excellent street visibility. NNN leases. NOI $158K/yr. $2.6M. 6.10% Cap.
▪ Seller to guaranty rent for up to 6 months on two small units.
Shopping Center in Streamwood, IL: 17,562 SF one-year old shopping center on 2.9 acres of land shadow-anchored by Target/Marshalls with excellent tenant mix: Kiddie Academy, Jimmy John’s, Game Stop, Sport Clips and Surhabi Indian in growing Chicago suburbs. 92.4% NNN leased. NOI $399K/yr. 9.41% Cap.
Storage Facility in Long Beach, CA: 31,558 SF storage facility divided into 394 storage units on 1.26 acres of parcel at main thoroughfare. 86% leased. NOI $256K/yr. $3.250M. 8% Cap.
Shopping Center in Fort Worth, TX: 9161 SF beautiful shopping center built in 2007 on 1 acre lot across from Burlington Northern National Headquarters with over 5000 employees. 100% NNN leased by 5 Star Nails, Max Tan, Buffalo Wings and Rings, Copy & Ship HQ. NOI $155K/yr. $1.775M. 9.75% Cap.
▪ Price reduced from $1.875M to $1.775M.
Tuffy Auto in Fort Myers Beach, FL: 7200 SF retail building constructed in 2001 in fast growing and high-income area. 100% NNN corp lease. NOI $141K/yr. $1.410M. 10.10% Cap.
▪ Recession insensitive business. Price Reduction!
Retail Building in Stockton, CA: 17,163 SF retail center on 1.73 acres parcel with excellent visibility. 100% NNN leased. NOI $281K/yr. $4M. 7% Cap.

© copyright Transmercial 2009. All rights reserved.

Top 7 Commercial Properties 08-17-09

1. Pep Boys in Las Vegas, NV: 18,196 SF beautiful retail building constructed in 1997 on 1.88 acres of land in fast growing area. New 15-years absolute NNN corp lease. 1.5% annual rent increases. NOI $227K/yr. $4.585M. 7.25% Cap.
2. Denny’s Restaurant in Pomona, CA: 3392 SF single-tenant retail building on 1.14 acres of parcel at extraordinary location off of I-10. 100% NNN leased. NOI $103K/yr. $1.150M. 9% Cap.
3. Medical Office in Mesquite, TX: 13,382 Class-A 2-story office building at prime location next to Fwt-635. Long NNN leased. NOI $252K/yr. $2.8M. 9% Cap.
4. Retail Center in Colleyville, TX: 6,800 SF eye-catching retail building on .69 acre lot at busy DFW metro. 100% leased. NOI $135K/yr. $1.5M. 9% Cap.
5. Jack in the Box in Perris, CA: 2,850 SF single-tenant retail building constructed in 1996 on .54 acre lot adjacent to Wal-Mart shopping center at signalized intersection. 100% absolute NNN corp lease. NOI $162K/yr. $2.309M. 7.05% Cap.
6. Wienerschnitzel in Palmdale, CA: 1840 SF drive-thru restaurant built in 201 on .70 acre pad off of Hwy-138/14. New 20-years NNN leased by national tenant. NOI $88K/yr. $1.175M. 7.5% Cap.
7. Shopping Center in Houston, TX: 17,775 SF shopping center built in 2005 on 1.78 acres of land. 100% leased to quality local/regional tenants. NOI $264K/yr. $2.780M. 9.5% Cap.
   

© copyright Transmercial 2009. All rights reserved.

Top 7 Properties Among 285 08-14-09

1. Retail Building in Concord, CA: 2,934 SF single-tenant retail building on .41 acre lot just east of Hwy-242. Well established business. 25-years NNN leased. 3% annual rent boost. NOI $120K/yr. $1.5M. 8% Cap.
2. Apartments in Houston, TX: 120-units well-kept apartments consisting of seven buildings in a quiet neighborhood near I-45. 87% leased. NOI $402K/yr. $3.5M. 11.50% Cap.
3. Office Building in Fresno, CA: 18,600 SF Class-A office building constructed in 1997 on over 3 acres of land next to Fwy-180. 100% leased. NOI $269K/yr. $3.6M. 7.5% Cap.
4. Strip Center in Bakersfield, CA: 11,123 SF recently constructed strip center on 1.11 acres of parcel anchored by T-Mobile at signalized intersection. NOI $286K/yr. $2.8M. 10.22% Cap.
5. Retail Center in Chino, CA: brand new 6,970 SF 2-story retail center on 1.70 acres of land anchored by Papa Murphy’s Pizza. 80% NNN leased. NOI $104K/yr. $1.480M. 7.05% Cap.
6. Medical Office in Pearland, TX: 10,245 SF recently constructed medical office on over 1 acre of land in close proximity to Hwy-288/FM-518. 100% NNN leased. NOI $222K/yr. $2.750M. 8.10% Cap.
7. Earl Scheib Auto Paint and Body in Phoenix, AZ: 6650 SF well located retail building on .50 acre pad with excellent visibility. 15-years absolute NNN corp lease. NOI $78K/yr. $900K. 8.75% Cap. Excellent for 1st time investor.
   
   © copyright Transmercial 2009. All rights reserved.

Top 6 Commercial Properties Among 256 on 08-13-09

1. Retail buildings in Palmdale, CA: 9,915 SF consisting of 3 retail buildings on .70 acre lot at active boulevard in Los Angeles County. 100% NNN leased. NOI $119K/yr. $1.499M. 8% Cap.
2. Ramada Limited Suites in Spokane, WA: 76-room 3-story hotel built in 1996 on 1.56 acres of land with numerous amenities conveniently located at Hwy-395/2. NOI $539K/yr. $5.995M. 9% Cap.
3. Office Building in San Jose, CA: 3,082 SF beautiful Spanish Style office building at prestigious location on The Alameda between Downtown/Santa Clara University near Hwy-880. 10-ofice suites which 9 are currently leased. $1.125M. Excellent opportunity for owner user!
4. Strip Center in Los Angeles, CA: 6,853 SF well-kept strip center on .28 acre lot next to Jack in the Box with new roof, asphalt parking and monument sign at high density infill location. 87% leased. NOI $95K/yr. $1.6M. 5.94% Cap. Upside potential.
5. Retail Building in Las Vegas, NV: 6,750 SF Earl Scheil Auto Paint and Body retail building at hard location. 15-year absolute NNN corp lease with rent increases. NOI $72K/yr. $825K. 8.75% Cap.
6. Shopping Center in Santa Anna, CA: 11,525 SF attractive shopping center on 1.20 acres of parcel at busy intersection with outstanding visibility. 100% leased by 9 tenants: Togo’s, Freeway Insurance, Dental Office, Cash N More, Hair Salon, Santa Anan Cig, Nail Salon, Cleaners and Staffchex. NOI $282K/yr. $4.250M. 6.64% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 6 Properties Among 275 on 08-12-09

1. Shopping Center in San Antonio, TX: 91,544 SF attractive shopping center on 7.82 acres of land anchored by Marshalls/Chase Bank in growing middle-class ($78K/yr) neighborhood. 91% leased. NOI $903K/yr. $10.240M. 9.25% Cap.
2. Strip Center in Tampa, FL: 18,490 SF 3-year old strip center on 1.37 acres of parcel along Hwy-92. 100% NNN leased by Pei Wei Asian Diner, Alltel Corporation and Drexel Heritage. NOI $499K/yr. $6.2M. 8.06% Cap.
3. Retail Building in Atlanta, GA: 5200 SF recently renovated retail building on .69 are pad in fast growing area. 100% leased by credit tenant. NOI $124K/yr. $1.556M. 8% Cap.
4. Office Building in Appleton, WI: 8556 beautiful office building on 2 acres lf land in well-off (AHI $111K/yr) neighborhood conveniently located near Hyw-41. 80% leased. NOI $114K/yr. $1.2M. 9.50% Cap. Upside potential when fully leased.
5. Professional Building in West Des Moines, IA: 10,380 SF aye-catching office building near Valley West Mall. 100% NNN leased by Alzheimer’s Association of Greater Iowa, Valley West Dental and Performance Marketing. NOI $96K/yr. $1M. 9.6% Cap.
6. Strip Center in Pittsburg, CA: 9600 SF attractive strip center shadow-anchored by Mi Pueblo Supermarket next to Hwy-4. 100% NNN leased with good tenant mix: Panda Express, Pittsburg Employees Credit Union, Cartridge World, The UPS Store and Western Dental Services. NOI $348K/yr. $4.8M. 7.25% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 5 Properties Among 334 on 08/11/09

Welcome new subscribers. Each of the following property has a brief description and a flyer (attached). For a full brochure, please email to maria@transmercial.com.

NOI: Net Oper Income
AHI: Avg Household Income

1. AppleBee’s in Peoria, AZ: 5431 SF franchised restaurant built in 1993 on 1.4 acres outparcel to North Valley Power Center, across from Arrowhead Towne Center Mall and near Peoria Stadium. Growing and high income (AHI $94K/yr) Phoenix metro. 15 yrs absolute NNN corp lease by the nation’s 7-th largest restaurant franchisee with 90 locations. Store with strong annual sales revenue of over $3.3M. NOI $230K/yr with 1% annual rent bump. $2.787M. 8.25% cap.
2. Food Lion Shopping Center in Wilmington, NC: 44,180 SF shopping center built in 1993 on 4.15 acres lot and anchored by Food Lion Supermarket. Growing and stable coastal town. 100% NNN lease. NOI $358K/yr. $4.215M. 8.5% cap.
3. Neighborhood Center in Mesquite, TX: 94,096 SF class-A neighborhood center on 8.83 acres lot in Dallas metro. 100% NNN leased by Best Buy, Bed Bath & Beyond, Borders. NOI $1.242M. $14.975M. 8.3% cap.
4. Burger King restaurant in Lewisville, TX: 3756 SF restaurant on .59 acre outparcel to Kroger supermarket anchored shopping center in Dallas suburb. 20 yrs absolute NNN lease by a franchisee with 55 restaurants. NOI $110K/yr. Price just reduced from $1.67M to $1.3M. 8.5% cap.
5. Medical Office building in Montgomery, AL: 10,855 SF built in 2004 on 2 acres parcel across from Baptist Medical Center East in a growing and high income area. Currently occupied by Physicians for Women. Lease and income not avail. $2.33M.
   
   © Copyright Transmercial 2009. All rights reserved.

Best 7 Properties Among 495 on 08-10-09

1. Strip Center in Santa Ana, CA: 10,200 SF recently renovate strip center on .51 acre lot at great corner location. 90% leased. NOI $155K/yr. $2.1M. 7.38% Cap.
2. Office Building in Sacramento, CA: 11,216 SF 2-story office building built in 1980 on 1.83 acres of land. 100% leased by stable tenants. NOI $123K/yr. $1.399M. 8.83% Cap.
3. Office Depot in Palo Alto, CA: 30,980 SF single-tenant building constructed in 1999 on 2.65 acres parcel just off of Hwy-101 in a wealthy (AHI $157K/yr) and prestigious town in Silicon Valley. Surrounded by many national tenants. 100% NNN leased till 2018. NOI $898K/yr. $9.980M. 9% Cap. Price Reduced!
4. Shopping Center in Rockford, IL: 20,600 SF well maintained retail center on 2.5 acres of land anchored by Fed-Ex Kinko’s ideally located at premier retail corridor. 100% NNN leased. NOI $402K/yr. $4.650M. 8.65% Cap.
5. Strip Center in Mission, TX: 13,600 newly constructed strip center on 1.24 acres of land anchored by HEB Supermarket in growing area. 100% NNN leased. NOI $277K/yr. $2.750M. 10% Cap.
6. Retail Center in Covina, CA: 18,505 SF retail center on .76 acre pad shadow-anchored by CVS Pharmacy with excellent visibility to main thoroughfare. 86% NNN leased. NOI $350K/yr. $5M. 7% Cap. Upside potential when fully leased.
7. Strip Center in Desoto, TX: 8,003 SF attractive strip center constructed in 2007 anchored by Starbucks Coffee along I-35E. 100% NNN leased. NOI $236K/yr. $3,046M. 7.75% Cap.

© copyright Transmercial 2009. All rights reserved.

Top 6 Properties Among 324 on 08/07/09

1. Taco Bell in Cedar Rapids, IA: 3000 SF 8-yrs old franchised restaurant on .9 ac pad to Wal-mart supercenter and Sam’s Club. New 15 yrs absolute NNN lease by an experienced operator with 12 units. NOI $98K/yr with 8% rent bump every 5 yrs. $1.225M. 8% cap.
2. Walgreens in Tucson, AZ: 13,905 SF drug store built in 1998 on 2.17 acres corner lot across from Northwest Medical Center in a fast growing and high income area. 100% NNN lease with 9 yrs remaining. NOI $324K/yr. $3.95M. 8.23% cap.
3. Shopping Plaza in Winthrop Harbor, IL: 60,980 SF retail plaza built in 2007 on 4.5 acres lot North of Chicago. Anchored by US Post Office and Centrella Grocery. 100% NNN leased. NOI $416K/yr. $4.3M. 9.67% cap.
4. Autozone in Conyers, GA: 7380 SF auto parts store developed in 2006 on 1.6 acres parcel in a growing and high income Atlanta suburb . 20 yrs NNN lease. NOI $121K/yr. $1.62M. 7.5% cap.
5. La Petite Academy in Henderson, NV: 6715 SF childcare center on ¾ acre lot in a wealthy (AHI over $107K/yr) South Las Vegas. 100% NNN lease by a solid national tenant. NOI $86K/yr with 10% rent bump in 2013. $1.084M. 8% cap.
6. Dental Building in Austin, TX: 2970 SF new free-standing built-to-suit building on 1 acre lot in a fast growing middle class Austin. 100% corp leased till 2020 by Affordable Care with 130 locations and over $200M in networth. NOI $130K/yr with CPI-based rent increase every 5 yrs. $1.533M. 8.5% cap.
   
   © copyright Transmercial 2009. All rights reserved.
   

Top 10 Properties Among 364 on 08/06/09

1. Advance Auto Parts in Houston, TX: 7000 SF retail building constructed in 2007 on .68 acre lot in fast growing area. Long NNN corp lease. NOI $127K/yr. $1.621M. 7.85% Cap. Recession insensitive tenant.
2. Shopping Center in Fresno, TX: 20,000 SF attractive shopping center built in 2004 on 2.93 acres of land with excellent tenant mix. 93% NNN leased. NOI $296K/yr. $3.290M. 9% Cap.
3. Majestic Fine Wine & Spirit in Hebron, TX: brand new 16,500 SF beautiful retail building on 1.57 acres of parcel in a wealthy (AHI $145K/year within 1 mile radius) suburb North of Dallas. 20-years absolute NNN corp lease. NOI $301K/yr. $3.354M. 9% Cap.
4. Walgreens in Tucson, AZ: 13,905 SF well located pharmacy built in 1998 on 2.17 acres of land across from Northwest Medical Center at signalized intersection. Long NNN corp lease. NOI $324K/yr. $3.950M. $8.23% Cap.
5. Denny’s Restaurant in Placerville, CA: 5000 SF well located single tenant building on .71 acre lot with excellent visibility off of Hwy-50. 100% NNN ground leased (you own the land and tenant owns the building). NOI $93K/yr. $1.377M. 6.75% Cap.
6. Office Building in Walnut Creek, CA: 7760 SF office building in a high income city with several recent upgrades & plenty of parking. 95% leased. NOI $126K/yr. $1.8M. 7% Cap. Excellent of owner user!
7. Shopping Center in Rialto, CA: 13,200 SF shopping center on over 1 acre lot at busy retail location. 91% leased. NOI $146K/yr. $2M. 7.33% Cap. Upside potential as tenant pay below market rent.
8. Dollar General in Georgetown, TX: 9014 distinctive retail building on 1.06 acres of land at main thoroughfare new I-81. 100% NNN leased by recession-resistant tenant. NOI $71K/yr. $898K. 8% Cap.
9. Days Inn in San Bernardino, CA: 50-room well located motel with good access to Fwy-10/215. Average Occupancy 60%. NOI $360K/yr. $4.5M. 8% Cap.
10. Apartments in Los Angeles, CA: 2-story 10-units apartments built in 1987 in filled location near Fwy-110. 100% leased. NOI $116K/yr. $1.299M. 8.94% Cap.
    
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Top 8 Properties Among 349 on 08/05/09

1. Burger King in Dallas, TX: 2696 SF restaurant built in 2002 on .86 ac lot just off Loop-12 exit. New 20 yrs absolute NNN lease by an franchisee with 18 Burger Kings and 37 AppleBees. 24-hr location. NOI $161K/yr. with 2% annual rent bump. Price reduced to $1.9M. 8.5% cap.
2. Holiday Express in Brentwood, CA: 50-room hotel built in 1995 in a fast growing (80% growth) San Fran Bay Area city with 75% avg occupancy. NOI $558K/yr. $5.695M. 9.8% cap.
3. Neighborhood Center in Chino Hills, CA: 128,802 SF 44-unit trophy upscale market place on 13.5 acres lot in an affluent city with AHI over $116K/yr. Anchored by Fresh & Easy neighborhood market. 58% NNN leased with actual NOI of $1.5M. Price has just been reduced from $24M to $19M. 10% actual cap. Definitely strong upside potential when 100% leased!
4. Safeway Shopping Center in Springfield, OR: 96,027 SF shopping center on 8.74 acres lot in Eugene metro. Anchored by Safeway supermarket, and Bank of America. 94% NNN leased by 23 tenants. NOI $1.032M. $9.67M. 10.68% cap.
5. Medical Center in Houston, TX: 31,575 SF multi-tenant class-A medical center built in 2007 on 3.85 acres lot with frontage on Beltway-8N with heavy traffic volume of 91,000 cars per day. Anchored by Texas Children's Pediatric. 100% NNN leased. NOI $573K/yr. $6.2M. 9.25% cap.
6. CVS Pharmacy in Tampa, FL: 10,908 SF drug store constructed in 2000 on 1.16 acres corner lot on a major artery. 100% NNN leased till 2020. NOI $248K/yr. $3.3M. 7.5% cap. Buyer to assume 2.2M loan at low 6.25% fixed rate to 2016.
7. Shell Gas Station in Pinole, CA: 6 MPDs Shell gas station with 3840 SF convenience store and car wash on 1.34 acres outparcel to Pinole Vista Shopping Center just off I-80 exit. Station pumps 170,000 gallon/month, with $33K/month from convenience store and $7700/month for car wash. $3.2M.
8. Shopping Center in Panorama, CA: 29,607 SF shopping center anchored by Dollar Tree as part of the larger Panorama Plaza anchored by 24 Hour Fitness, Rite Aid, Citi Bank, and Bank of America. Densely populated area with over 725,000 residents within 5 miles radius. 100% NNN leased. NOI $576K/yr with strong rent increases. $6.4M. 9% cap in CA!
   
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Top 9 Properties Among 337 on 08/04/09

1. Medical Building in Garland, TX: 12,600 SF professional building on over 1 acre lot across from Baylor Hospital. Fully occupied by mostly medical tenants. NOI $136K/yr. $1.360M. 10% Cap.
2. Strip Center in Houston, TX: 84,162 SF attractive strip center constructed in 1998 anchored by Conn’s Appliance with excellent visibility to I-45. 100% NNN leased by good tenant mix. NOI $555K/yr. $5.7M. 9.75% Cap.
3. Tuffy Retail Building in Round Rock, TX: 5225 SF retail building built in 2009 on over 1 acre lot in fast growing Austin metro. New 20-years absolute NNN corp lease. NOI $135K/yr. $1.658M. 8.15% Cap.
4. Shopping Center in Springfield, OR: 96,027 SF neighborhood center on 8.74 acres of land anchored by recently remodeled Safeway off of Hwy-126. 94% NNN leased. NOI $1,032M. $9.670M. 10.68% Cap.
5. Beltway Medical Center in Houston, TX: 2-years old 31,575 SF medical building on 3.85 acres of parcel anchored by Texas Children’s Pediatric along Beltway-8. 100% NNN leased. NOI $575K/yr. $6.2M. 9.25% Cap.
6. Days Inn & Suites in Rancho Cordova, CA: attractive 112-room motel on 1.83 acres of land off of Hwy-50. $4.950M. 10.50% Cap. Just over 44K/unit. Potential upside if properly managed.
7. Strip Center in Tustin, CA: 9597 SF attractive strip center on .74 acre lot at signalized intersection near I-5. 100% NNN leased by 4 tenants: Blockbuster Video, A.N. Market, Pizza and Yogurtland. NOI $255K/yr. $3.584M. 7.14% Cap.
8. Walgreen’s Pharmacy in Houston, TX: brand new 13,650 SF pharmacy on 1.14 acres of land in densely populated area off of I-45. Long absolute NNN corp lease. NOI $452K/yr. $5.832M. 7.75% Cap.
9. Storage Facility in Oak Lawn, IL: 16,430 SF nice-looking storage in middle-class (AHI $66K/yr) Chicago suburbs. NOI $152K/yr. $1.9M. 8% Cap.
   
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Top 10 Properties Among 370+ on 08/03/09

1. Quality Inn in Sacramento, CA: 132-unit motel on 2.45 acres lot near I-80 exit. Currently [mis]-managed by an absentee owner. NOI $536K/yr. at 48% occupancy and $62 daily average rate. $6.7M. 8% cap. Just over $50K/unit. Potential upside if better managed.
2. Retail Center in Omaha, NE: 17,790 SF retail center on 1.43 acres parcel. 100% leased by 3 national tenants: Firestone Auto Care, O’Reilly Auto Parts and Subway. NOI $92K/yr. $1.025M. 9% cap.
3. Del Taco restaurant in Lehi, UT: 2729 SF brand new Mexican franchised fast food restaurant on ¾ ac parcel in a booming South of Salt Lake City. 20 yrs absolute NNN lease by the #1 Del Taco franchisee. NOI $166K/yr with 10% rent bump each 5 yrs. $2.075M. 8% cap.
4. Walgreens in Clovis, CA: 14,490 SF drug store on a corner lot just Off Hwy 168 in Fresno metro with excellent demographics. NOI $310K/yr. $4.134M. 7.5% cap.
5. Neighborhood Center in Irving, TX: 41,891 SF neighborhood shopping center on 5.28 acres lot in a middle class Dallas metro. 100% leased. NOI $568K/yr. $6M. 9.47% cap.
6. Urgent Care Center in Annapolis, NC: 6000 SF free standing urgent care medical center in Charlotte suburb. 100% NNN leased by NextCare Urgent care. NOI $144K/yr with strong 2.5% annual rent bump. $1.515M. 9.5% cap. Recession-insensitive tenant.
7. Family Dollar Store in Dover, FL: brand new 9180 SF single-tenant retail store on 1.2 acres lot in Tampa metro. New 10 yrs NNN lease. NOI $163K/yr. $1.849M. 8.85% cap. Recession-resistant tenant.
8. TX Land & Cattle Steakhouse in Plano, TX: 7479 SF franchised restaurant on 1.59 acres parcel on a major artery in an affluent Dallas suburb with AHI over $102K/yr. 15 yrs absolute corp lease. NOI $269K/yr with 2% annual rent bump. $2.228M. 11% cap.
9. Church’s Chicken restaurant in Nashville, TN: 3744 SF fast food restaurant on .79 ac parcel. New 15 yrs absolute NNN lease with corp guaranty. NOI $60K/yr. with 1.5% annual rent increase. Only $705K. 8.5% cap.
10. Aaron’s Rent in Sacramento, CA: 7515 SF 2-yrs old single-tenant retail center. 100% NNN leased by a national tenant Aaron Rent, Inc. (NYSE RNT) till 2018. NOI $108K with rent increase to $113K/yr in 2013. Price reduced to $1.45M. 7.45% cap. Seller motivated.
    
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Top 5 Properties Among 330+ 07/31/09

1. Strip Mall in Mokena, IL: 7230 SF strip center in a fast growing (48% growth) middle-class Chicago suburb with AHI over $83K/yr. On a heavily-travelled road with excellent visibility. 100% NNN leased by 6 good tenants. NOI $138K/yr. $1.725M. 8% cap.
2. Shopping center in Calumet city, IL: 63,442 SF shopping center on 4.5 acres parcel in a prime retail corridor in southern Chicago suburb. Anchored by Sports Authority and 100% NNN leased by 5 tenants. NOI $614K/yr. $7.25M. 8.5% cap.
3. Church’s Chicken in Hermitage, TN: 2645 SF newly-renovated restaurant on .8 acre parcel in Nashville metro. New 15 yrs absolute NNN with corp guaranty. Surrounded by Home Depot, Lowe' s, Walgreens, Kohl' s, Target, Marshall's. NOI $60K/yr with 1.5% annual rent bump. $705K. 8.5% cap. Great for 1st time investors!
4. Gas Station in San Jose, CA: 76-branded gas station with 3 MPDs, convenience store and car wash. Prime location at I-280 and Mckee. Pumps 180,000 gallons/month, $27,000 gross/month conv store and $15,850/month from car wash . 15-yr fuel supply agreement included. $2.4M.
5. Power Center in Jackson, MS: 107,780 SF class-A power center built in 1997 just off I55 exit and in high income area. Anchored by Fred's, PetSmart, and Office Depot and shadow anchored by Target & Home Depot, 100% NNN leased. NOI $1.125M. $11.250. 10% cap.
   
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Top 8 Properties Among 371 on 07/30/09

1. Walgreen’s Pharmacy in Meadville, PA: one-year old 14,318 SF pharmacy on 1.55 acres of land ideally located one block from Meadville Medical Center at a signalized intersection. 25 yrs NNN lease by A+ S&P rated company. NOI $440K/yr. $5.570M. 7.9% Cap.
2. Advance Auto Parts in Memphis, TN: 12,675 SF retail building constructed in 1997 on .63 acre lot across Kroger Grocery Store. Long NNN corp lease till 2013. NOI $129K/yr. $1.3M. 10% Cap.
3. Medical Office in Upland, CA: 18,659 SF well-kept Class-B medical building on 1.45 acres of parcel in close proximity to San Antonio Community Hospital growing in San Bernardino County. 92% leased. NOI $229K/yr. $3.120M. 7.4% Cap.
4. Medical Center in Temecula, CA: attractive 22,697 SF multi-tenant medical center on 1.53 acres of land along main retail corridor. 100% leased. NOI $664K/yr. $8.3M. 8% Cap.
5. 16-Units Apartments in Portland, OR: recently renovated 2-story apartments on .43 acre lot near to parks, schools and public transportation in quiet neighborhood. 100% leased. NOI $74K/yr. $998K. 7.5% Cap.
6. Shopping Center in Irving, TX: 14,415 SF eye-catching shopping center built in 2006 on over 3 acres of land in fast growing Dallas suburbs. 100% leased. NOI $301K/yr. $3.2M. 9.43% Cap.
7. Storage in Carter Lake, NE: 50,745 SF storage consisting of 11-buildings on 2.63 acres of land close to airport. 94% rented. NOI $135K/yr. $1.5M. 9% Cap.
8. Apartments in Dallas, TX: attractive 122-unit complex apartments on 5.48 acres in fast growing area. 89% leased. NOI $280K/yr. $3.5M. 8% Cap.
   
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Top 9 Properties Amoong 320+ 07-29-09

1. Starbucks Coffee in Clinton, MS: 1750 SF Coffee shop built in 2005 on a pad site at I-20 exit in a stable town. 10 yrs NNN lease with 6 yrs left. NOI $69K/yr with 10% rent bump every 5 yrs. $889K. 7.75% cap.
2. Elephant Bar restaurant in Peoria, AZ: rare 7650 SF sports bar & restaurant built in 2003 on 1.7 acres lot in a prime commercial district. Across from Peoria Sports Complex and near Arrowhead Towne Center Mall in a high income Phoenix suburb with AHI over $87K/yr. 20 yrs absolute corp NNN lease with 13 yrs left by a growing & successful Elephant Bar & Restaurant with over 50 locations. NOI $269K/yr with 10% rent increase every 5 yrs. $3M. 9% cap.
3. Strip Center in Montgomery, AL: 10,000 SF 5-unit strip mall on an outparcel to a Wal-mart supercenter. 75% NNN leased by 4 good tenants: Game Stop, Verizon Wireless, Advance America, and Kimberly’s Beauty. Actual NOI $140K/yr. $1.4M. 10% actual cap. Upside potential when 100% leased.
4. Ryan’s Grill & Buffet in Concord, NC: 11,026 SF restaurant built in 2005 on 2 acres lot across from 1.3 million square feet Concord Mills Mall in a fast growing & high income Charlotte suburb. 20 yrs absolute NNN corp lease with 15 yrs remaining. NOI $250K/yr with annual rent bump starting in 2010. $2.27M. 11% cap.
5. Strip Mall in Hendersonville, TN: 8618 SF new multi-tenant strip center in a fast growing and high income Nashville metro. 100% NNN leased. NOI $204K/yr. $2.245M. 8.42% cap.
6. Pizza Hut in Cottondale, AL: 3479 SF 10-yrs old restaurant on 2/3 acre parcel at I-20 exit. 100% NNN lease with 12 yrs left by the largest Pizza Hut franchisee with 1154 locations. NOI $79K/yr. $955K. 8.27% cap.
7. Rite Aid in Clemmons, NC: 14,547 SF pharmacy constructed in 2003 on 1.68 acres lot just off Hwy 421 in a growing and middle-class Winston-Salem. 20 yrs absolute NNN lease with no landlord responsibility. NOI $213K/yr. with 10% rent increase. $2.662M. 8% cap.
8. Retail Center in Bakersfield, CA: 6000 SF strip center on 2/3 ac out-parcel to a Walmart supercenter. 100% NNN leased by 3 brand-name tenants: Verizon Wireless, HR Block and Check into Cash. NOI $177K. Price just reduced to $1.95M. 9% cap.
9. Shopping Center in Phoenix, AZ: 19,818 SF 9-unit inline shopping center built in 1998 in a Albertson anchored shopping center. 89% NNN leased. Actual NOI $334K/yr. Price just reduced from $3.825M to $3.350M. 10% actual cap. Upside potential when 100% leased.
   
   © Copyright Transmercial 2009. All rights reserved.

Top 7 Properties Among 300+ on 07/28/09

1. Strip center in Los Angeles, CA: 6452 SF strip center at a corner lot in a densely-populated area with over 460,000 residents within 3 miles radius. 100% leased by 6 tenants. NOI $137K/yr. $1.695M. 8.1% cap.
2. Shopping Center in Stockton, CA: 73,463 SF 19-unit shopping center on 4.5 acres lot on a major thoroughfare with easy access to I-5. Anchored by Marshalls and surrounded national tenants. Potential NOI $691K/yr. with 95% occupancy. $8M. 8.64% potential cap.
3. Single Tenant Retail in Cary, NC: 40,000 SF single-tenant big box built in 1995 on 4.42 acres parcel directly adjacent to Cary Towne Center Mall in a middle-class Durham suburb. 100% NNN leased by Barnes & Noble. NOI $552K/yr. $6.5M. 8.5% cap.
4. Retail Center in Lakewood, CO: 22,118 SF retail center in Denver metro. 100% leased by Napa Auto Parts and a Thrift Store: both recession insensitive tenants. NOI $144K/yr. $1.8M. 8% cap.
5. Strip Mall in Orland Park, IL: 12,0000 SF strip mall in a middle-class Chicago metro with AHI over $87K/yr. 100% NNN leased by 5 tenants. NOI $139K/yr. $1.639M. 8.5% cap.
6. Auto Spa in Brea, CA: 4914 SF Auto Spa on 2/3 acres corner lot on a major artery in a high income city in Orange county. 30 yrs NNN ground lease with 15 yrs remaining (you own the land and tenant owns the improvements). NOI $130K/yr. with 7% rent bump in 2011. $1.8M. 7.24% cap.
7. Greenhouses in San Martin, CA: 97,200 SF greenhouses with 3600 SF butler building on 10 acres flat rectangle lot in an upper middle class Silicon Valley suburb with AHI over $138K/yr. In the direction of growing path with easy access to hwy 101 and just 20 miles South of San Jose. Long-term potential. $1.16M.
   
   © copyright Transmercial 2009. All rights reserved.

Top 10 properties among 396 on 07/27/09

Welcome new subscribers!

Each property has a brief description and an attached one-page flyer. For a full brochure, please email to maria@transmercial.com

1. Del Taco Restaurant in Yucca Valley, CA: 1850 SF drive-thru free-standing building on .60 acre lot at busiest highway in Yucca Valley. Long absolute NNN lease with multi-location franchisee. NOI $60K/yr. $860K. 7% Cap.
• High annual sales revenue of $1.249M in 2008. Low rent to revenue ratio of only 4.8%. Less than half of industry standard which means highly profitable business and you will get your rent checks.
2. Shopping Center in Kearney, NE: 25,274 SF shopping center built in 2002 on 2.21 acres of land shadow-anchored by SunMart. 100% NNN leased by good tenant mix. NOI $305K/yr. Price reduced to $2.985M. 10.25% Cap.
3. Anchored Retail Building in Summerfield, FL: 27,171 SF recently renovated retail building on 2.64 acres of land anchored by Office Depot across from Wal-Mart along US Hwy-441. 100% NNN leased by 3-tenants. NOI $504K/yr. $6.3M. 8% Cap.
4. Retail Center in Victorville, CA: 6200 SF retail center on .41 acre lot near Home Depot close to Fwy-18. 100% leased. NOI $81K/yr. $1.170M. 7% Cap.
5. Shopping Center in Largo, FL: 18,500 SF mature shopping center on 1.73 acres of parcel in middle-class (AHI $77K/yr) West of Tampa suburbs. 92% NNN leased. NOI $217K/yr. $2.4M. 9.05% Cap.
6. Strip Center in Los Angeles, CA: 3635 SF five-tenant strip center with several recent upgrades at busy signalized intersection. 100% leased. NOI $73K/yr. $1.050M. 7% Cap.
7. Office Building in Auburn, CA: 12,779 SF two-story office building constructed in 1984 on .99 acre lot ideally located just off two major highways. 90% leased by professional tenants. NOI $150K/yr. $1.675M. 9% Cap. Price Reduction!
8. Shopping Center in Mirada, CA: 9225 SF attractive shopping center built in 2001 shadow-anchored by CVS/24 Hour Fitness at high traffic location. NNN leased by multiple tenants. NOI $305K/yr. $4.7M. 6.5% Cap.
9. Retail Center in Rialto, CA: 13,200 SF well located retail center on over 1 acre lot at with excellent visibility to busy thoroughfare. 91% leased. NO $146K/yr. $2M. 7.33% Cap.
10. Retail Building in Tampa, FL: 10,908 SF retail building constructed in 2000 on 1.16 acre lot at hard corner location. 100% NNN leased till 2020. NOI $248K/yr. $3.307M. 7.5% Cap.

© Copyright Transmercial 2009. All rights reserved.