Top 7 Properties 11-16-09

1. Retail Buildings in Salinas, CA: 2 retail buildings on .86 ac lot near Hwy 101. 90% occupied by 12 tenants. NOI $284K/yr, $3M. 9.5% cap.
2. Childcare center in Richmond, VA: 4950 SF childcare facility on 1.08 acres lot. 100% NNN leased by KinderCare Learning Centers, Inc, a national childcare provider. NOI $80K/yr. $804K. 10% cap.
3. Apartments in Sunland, CA: 12-unit 2 building apartments complex on 1/3 ac lot in strong income San Fernando valley. 100% occupied. Gross income of $107K/yr. $999K.
4. Medical Office Building in Lake Mary, FL: 10,744 SF 2-yr old class-A medical office building as part of 934,000 SF office park complex in an affluent Orlando suburbs with AHI over $102K/yr. 100% NNN leased by 3 good tenants. NOI $240K/yr. $3M. 8% cap.
5. Medical Office Building in Rialto, CA: 34,709 SF 2-story class-A medical office building constructed in 1993 on over 3 acres of land just off Hwy 210. 93% leased. NOI $413K/yr. $5.3M. 8% cap. Only $153/SF in CA!
6. Apartments in Garland, TX: 108 unit apartments complex with extensive renovation on 3.92 acres lot in Dallas metro. 90% occupied. Potential gross income over $937K/yr. Price reduced from $3.6M to $3.395M. Almost 9% cap. Just over $31K/unit!
7. El Fenix restaurant in Arlington, TX: 7278 SF Mexican restaurant built in 1993 on 1.25 acres lot just off I-20 exit in Dallas metro. 15 yrs absolute NNN lease with corp guaranty by a chain with over 15 locations in Dallas area. NOI $189K/yr. with 10% rent bump every 5 yrs. $2.1M. 9% cap.
   
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Top 10 Properties of 11-13-09

AHI: Avg Household Income
NOI: Net Oper Income

1. Retail building in Sunnyvale, CA: 4500 SF retail center on El Camino Real. 100% leased by 2 tenants.NOI $118K/yr. $1.745M. 6.76% cap.
2. El polo Loco restaurant in Riverside, CA: 1938 SF franchised restaurant on .44 acre parcel. 20 yrs absolute NNN lease with 10 yrs remaining. NOI $74K/yr with 12% rent bump every 5 yrs. $875K. 8.45% cap.
3. Taco Bell in Chandler, AZ: 2780 SF restaurant built in 1998 on 2/3 acre outparcel to Target and Big 5 anchored shopping center. Affluent area in Phoenix metro with AHI over $98K/yr. 100% NNN leased till 2018 by 40+ unit franchisee. NOI $158K/yr with 10% rent bump every 5 yrs. $1.76M. 9% cap.
4. Days Inn & Suites in Dallas, TX: 80-unit motel built in 2000 on 1.65 acres parcel with frontage on George Bush turnpike in a wealthy area with AHI over $125K/yr. Under performing motel with 25% occupancy. NOI $121K/yr. $2.1M. Strong upside for investors with turn-around skills.
5. Lone Star Steakhouse in Anchorage, AK: rare 10,769 SF regional restaurant in a growing city. 15 yrs absolute NNN lease by a corp with 180 locations and $322M in sales. NOI $275K/yr. with 2% annual rent bump. $2.75M. 10% cap.
6. Apartments in Inglewood, CA: 32-unit apartments complex in a densely-populated Los Angeles city with over 725K residents within 5 miles ring. NOI $185K/yr. $2.55M. 7.29% cap.
7. Advance Auto Parts in Birmingham, AL: 6000 SF brand new auto parts store on 1.6 acres parcel at the intersection of 2 major road in a n affluent area with AHI over $108K/yr. 15 yrs absolute NNN corp lease. NOI $138K/yr. $1.791M. 7.75% cap. Recession resistant tenant.
8. Texas Roadhouse restaurant in Oklahoma City, OK: 6400 SF restaurant built in 2001 on 1.7 acres lot next to Crossroads Mall. 100% NNN ground lease till 2015 (you are buying the land)by TX Roadhouse (NASDAG: TXRH) with 310 locations in 44 states. NOI $82K/yr. $1.031M. 9% cap.
9. Shopping Center in Harvey, IL: 75,000 SF grocery anchored shopping center on 5.2 acres of land in Chicago metro. 100% occupied. NOI $583K/yr. $6.625M. 8.82% cap.
10. CVS Pharmacy in Houston, TX: 13,013 SF drug store on 1.5 acres lot with frontage on I-10. New 20 yrs NNN lease. NOI $321K/yr. $4.011M. 8% cap.
    
    
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Top 9 Properties of 11-12-09

Cost Segregation Maximizes Your Cash Flow. Click here to read the article from the blog.

1. Shopping Center in Houston, TX: 21,012 SF recently renovated strip center shadow anchored by Conn’s Appliance with fantastic exposure along I-45. 100% NNN leased. NOI $333K/yr. $3.225M. 10.34% Cap.
2. O’reilly Auto Parts in Decatur, GA: brand new 6800 SF retail building adjacent to Walgreens in fast growing Atlanta metro. Newly executed 20-years NNN corp lease. NOI $109K/yr. $1.420M. 7.75% Cap.
3. Texas Roadhouse Restaurant in Oklahoma City, OK: 6400 SF free-standing restaurant constructed in 2001 on 1.7 acres of land adjacent to Crossroads Mall. 100% NNN leased. NOI $92K/yr. $1.031M. 9% Cap.
4. Shopping Center in Harvey, IL: 75,000 SF well maintained grocery anchored shopping center on 5.20 acres of land. 100% leased by long term established tenants. NOI $583K/yr. $6.625M. 8.82% Cap.
5. Shopping Center in Panorama City, CA: 29,607 SF shopping center across from Panorama Mall and Wal-Mart in densely populated Los Angeles location. 90% leased. NOI $475K/yr. $5.5M. 8.65% actual cap.
6. Storage Facility in Sparks, NV: 44,230 SF storage facility constructed in 1990 on 2.35 acres of land located in a heavily traveled retail location. 95% leased. NOI $191K/yr. $2.550M. 7.52% Cap.
7. Retail Center in Knoxville, TN: 53,059 SF well located strip center on 3.65 acres of land conveniently located off of I-640. 98% leased. NOI $396K/yr. $4.950M. 8% Cap.
8. CVS Pharmacy in San Antonio, TX: 13,813 SF CVS Pharmacy constructed in 2003 on 1.67 acres of parcel located in growing (206.83%) affluent (AHI $124K/yr.) neighborhood. Long NNN leased by national tenant. NOI $379K/yr. $5.140M. 7.37% Cap. Buyer to assume loan at 5.75% interest rate.
9. Office Building in Las Vegas, NV: 16,109 SF Class-B attractive office building constructed in 1998 on over one acre lot at high traffic business park location next to the Airport. 81% leased. $2.7M.
   
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Top 10 Properties of 11-11-09

1. Advance Auto in Jacksonville, FL: 7000 SF auto parts store built in 2007 on 1.44 acres parcel. 15 yrs NNN lease by a publicly traded recession insensitive company. NOI $123K with rare 10% rent increase in year 10. $1.55M. 7.94% cap.
2. Medical office building in Lawrenceville, GA: 5900 SF medical office building in high-income, fast growth Atlanta suburbs. 100% leased. NOI not avail. $1.165M.
3. Big O Tires in Mesa, AZ: 7350 SF brand new retail building on 1 acre lot just off Fwy 60 with 162K vehicles per day. 10 yrs NNN lease with guaranty from Goodyear Tire & Rubber Co and additional personal guarantee from Big O Tires. NOI $216K/yr. $2.54M. 8.5% cap.
4. KFC in Monroe, LA: 2492 SF restaurant remodeled in 2009. New 20 yrs absolute NNN lease from an operator with 24 units. NOI $76K/yr. with 1.75% annual rent bump. $922K. 8.25% cap.
5. Charlie Browns Steakhouse in Clementon, NJ: 10,530 SF franchised restaurant on 2.64 acres lot in Philadelphia suburbs with 185+ parking spaces. Great location with high 4 out of 5 stars customers reviews. 20 yrs NNN leased till 2020. NOI $170K/yr. Price reduced to sell at $1.799M. 9.45% cap.
6. Hardee’s restaurant in McDonough, GA: 2700 SF new franchised fast-food restaurant on 2/3 acre lot just off I-75 exit in Atlanta metro. New 20 yrs absolute NNN lease from an operator with 140 locations. NOI $126K/yr with high 12% rent bump every 5 yrs. $1.68M. 7.5% cap.
7. Sprouts Supermarket in Glendale, AZ: 30,600 SF chained supermarket as an anchored tenant in a 62,236 SF shopping center at an intersection of 2 major arteries in a high income Phoenix metro. Fully remodeled in 2004. Long term absolute NNN lease from one of the nation's fastest growing retailers with 38 stores in Arizona, California, Texas and Colorado. NOI $509K/yr. $5.861M. 8.7% cap.
8. Shopping Center l in Pearland, TX: 10,400 SF strip center built in 2006 on 1 ac outparcel to Wal-mart Supercenter in Houston suburbs. 92% NNN leased by 4 National Credit Tenants Payless Shoes, Verizon, Sally Beauty, CATO Fashion. Actual NOI $183K/yr. Price reduced to $1.95M. 9% cap.
9. Walgreens in Denver, CO: 13,905 SF drug store built in 1996 on 4 acres corner lot. 20 yrs NNN leased till 2016. NOI $278K/yr. $3.476M. 8% cap.
10. Jiffy Lube in Henderson, NV: 2002 SF Jiffy Lube on ½ acre lot in a fast growing and affluent (AHI $109K/yr) Las Vegas metro. Long term NNN lease. NOI $66K/yr. 950K. 7% cap.
    
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Top 10 Properties 11/10/09

Welcome new subscribers
NOI: Net Oper Income
AHI: Avg Household Income
Please email brochure request to maria@transmercial.com

1. Albertsons Supermarket in Pueblo, CO: 69,553 SF big box on over 6 acres of land. 100% NNN lease extended till 2016. NOI $238K/yr and will increase to over $287K/yr in 2016 (over 20%). $2.974M. 8% cap now and 9.65% cap in 2016!
2. Shopping center in Riverside, CA: 38,060 SF multi-tenant shopping center on 3.46 acres lot with easy access to Riverside Fwy. Across the street from Kaiser Permanente Riverside. NOI $650K/yr. $7.11M. 7.5% cap. Only $186/SF. Upside potential!
3. Medical Tower in Huntington Beach, CA: 58,518 SF medical tower on 2.6 acres parcel across from Huntington Beach Hospital, a 131 bed facility with over 500 employees and 300 physicians in an affluent coastal town (AHI $110K/yr). 95% leased. NOI $864K/yr. $10.875M. 7.95% cap.
4. Strip Mall in Lakewood, CO: 8086 SF 3-yr old strip center on a pad in front of Super Wal-mart and Home Depot in Denver. 100% NNN leased by Chipotle Mexican Grill, T-Mobile, Jimmy John's Gourmet Sandwiches. NOI $244K/yr. $3.06M. 8% cap.
5. Mini Storage in Sacramento, CA: 25,350 SF 269-unit mini storage built in 1996 on 1.53 ac lot near the airport. Electric gate & secured by 12-foot high concrete wall. 83% leased. NOI $186K/yr. $2.1M. 8.87% cap.
6. Cost Plus World Market in Wichita, KS: 18,252 SF single –tenant free-standing building on 3.65 acres lot in a wealthy part of the city with AHI $98K/yr. 100% NNN leased by Cost Plus World Market (NASDAG: CPWM) with 270 retail stores. NOI $237K/yr. $2.433M. 9.75% cap.
7. Tuffy Auto Service Center in Orland Park, IL: 3720 SF auto service center built in 2000 on .9 acre lot in a high income Chicago metro with AHI over $80K/yr. Neighboring Retailers include: Walgreen's, Home Depot, Advance Auto, Lexus of Orland, 7-Eleven and Starbucks. 100% NNN corp lease with 8 yrs left. NOI $79K/yr with 10% rent bump in Jan 2012. Only $995K. 8% cap.
8. Walgreens in Parker, CO: 14,450 SF drug store constructed in 2008 on 2.5 acres parcel on a major artery near I-25 in Denver metro. Excellent demographics with AHI of $115K/yr. 25 yrs NNN lease. NOI $445K/yr. $5.934M. 7.5% cap.
9. Retail Center in Roseville, CA: 15,122 SF retail center on 1.25 acres lot near I-80 in a growing & high income Sacramento metro. 100% NNN leased by 4 tenants. NOI $323K/yr. $3.799M. 8.1% cap.
10. Petco in Darlene Prairie, MO: 15,000 SF single-tenant building on 1.47 acres outlot of Dardenne Town Square, a new 400,000-square foot power center anchored by Target, JC Penney, Shop 'n Save and Wehrenberg Theatre in St Louis suburbs. 10 yrs corp lease. NOI $252K/yr. $2.975M. 8.5% cap.
    
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Top 8 Properties 11/09/09

NOI: Net Oper Income
AHI: Avg Household Income

1. Home Depot in Santa Clara, CA: rare 95,700 SF Home Depot built in 1989 on 6.92 acres corner lot in the heart of high-income Silicon Valley. 100% NNN leased. Home Depot has been here since 1989 and just renewed the lease till 2015. NOI $1.325M. $16.5M. 8.03% cap.
2. Wienerschnitzel restaurant in Tucson, AZ: 1593 SF restaurant built in 2001 on ½ ac. 20 yrs absolute NNN lease with 12 yrs remaining by an experienced operator. NOI $69K/yr. with 10% rent increase in 2011. $910K. 7.65% cap.
3. Arby’s in Peoria, AZ: 3100 SF restaurant built in 2001 on ¾ ac pad site to Home Depot and Sears in a growing area. 20 yrs absolute corp NNN lease with 12 yrs remaining. NOI $131K/yr with annual 1% rent bump. $1.749M. 7.5% cap.
4. Walgreens in Mesa, AZ: 15,525 SF drug store on 1.5 acres corner lot in Phoenix metro. 100% NNN lease with 5 yrs remaining. NOI $240K/yr. $2.026M. 11.8% cap.
5. Pizza Hut in Atlanta, GA: 4250 SF restaurant on a corner lot near Hwy 85/400 in a high income area. 15 yrs absolute NNN lease by an operator with 30 locations. NOI $137K/yr. with 10% rent bump every 5 yrs. $1.421M. 8% cap.
6. Retail Center in Haines City, FL: 8300 SF 3-unit retail center anchored by Tuffy Auto with 20-yr corp guaranted lease and 9.2% rent bump every 5 yrs. 85% NNN lease with 1 small vacant unit. Proforma NOI $167K/yr. $1.95M. 8.6% cap.
7. Strip Mall in Mill Creek, WA: 12,906 SF strip center built in 2006 on 1.2 acres as part of a 23-building 70-store lifestyle center in a thriving and high-income Seattle metro with AHI over $86K/yr. 100% NNN leased by 7 tenants. NOI $375K/yr. $4.95M. 7.6% cap. Buyer to assume $3.4M loan at low 6% interest.
8. Professional Center in Lake Worth, FL: 11,550 SF 2-story office building on 1 ac lot South of West Palm Beach. 95% leased. NOI $128K/yr. $1.55M. 8.3% cap.
   
   © Copyright Transmercial 2009. All rights reserved.

Top 10 Properties of 11-06-09

Advisory: Transmercial has noticed a surge in commercial real estate activities in the last 3 months. Many properties on the top 10 lists that Transmercial email to you are in contract the very next day. Some have 10-20 offers. This is expected. The economy is now in recovery stage. Investors who have been sitting on the sideline now feel more confident and decide to take actions.

1. Freestanding Building in Chino, CA: 4732 SF recently renovated building on .52 acre lot at high traffic corner location. Long NNN leased by experienced school operator. NOI $75K/yr. $1M. 7.6% Cap.
2. Strip Center in Lakewood, CO: 17,747 SF attractive strip center built in 2006 on 1.33 acres of parcel shadow anchored by Wal-Mart across from Home Depot. NNN leased by 9 strong credit tenants: Radio Shack, Game Stop, Payless Shoes, GNC, Super Cuts and AT&T. NOI $437K/yr. $5.470M. 8% Cap.
3. Retail Center in Pasadena, TX: 6000 SF nice-looking strip center in middle-class (AHI $60K/yr) Houston suburbs. 75% NNN leased by long-term tenants. Actual NOI $70K/yr. Price reduced to $790K. 9% Cap. Great for 1st time investors.
4. Fresh and Easy Market in Las Vegas, NV: 17,413 SF retail building on 2.27 acres of land ideally located at corner location along strong retail thoroughfare. 100% NNN leased. NOI $328K/yr. $4.240M. 7.75% Cap.
5. Shopping Center in Roy, UT: 30,860 SF shopping center constructed in 2000 on 2.85 acres of land in fast growing area in Salt Lake City. 100% NNN leased by Weber State, Ace Hardware and Domino’s Pizza. NOI $356K/yr. $4.250M. 8.39% Cap.
6. Strip Center in Houston, TX: 21,012 SF recently renovated strip center shadow anchored by Conn’s Appliance with tremendous exposure along I-45. 100% NNN leased. NOI $333K/yr. $3.225M. 10.34% Cap.
7. Strip Center in Hampton, GA: 17,710 SF shopping strip built in 2003 surrounded by numerous national/regional tenants in fast growing Atlanta suburbs. NOI $182K/yr. $2.2M. 8.29% Cap.
8. Apartments in Stockton, CA: 43-units well-maintained multi-family apartment complex on 1.28 acres of land near Weberstown Regional Mall. 100% occupied. NOI $198K/yr. $2.3M. 8.63% Cap.
9. Strip Center in Greeley, CO: 9292 SF recently constructed strip center on over one acre lot next to grocery anchored shopping center. Leased by Cricket, Starbucks, Max Muscle Sports Nutrition, Café Mexicali and Jimmy John’s. Surrounded by Safeway, Lowe’s, Target, Kohl’s, Ross, Sports Authority and Best Buy. NOI $256K/yr. $3M. 8.54% Actual Cap.
10. Community Shopping Center in Daytona Beach, FL: 158,667 SF neighborhood shopping center across from CVS anchored shopping center. 91% NNN leased. NOI $812K/yr. $8.9M. 9.12% Cap.
    
    © copyright Transmercial 2009. All rights reserved.

Top 10 Properties of 11-05-09

1. Olive Garden Italian Restaurant in Port Orange, FL: brand new 7500 SF restaurant on 1.73 acres of land out-parcel to new regional power center in growing (47.07%) area near Fwy-95. Brand new 10-yrs absolute NNN corp ground lease with rental increases. NOI $ 134K/yr. $1.862M. 7.25% Cap. Buyer owns the land!
2. Retail Center in Largo, FL: 7480 SF 3-years old eye-catching retail center built in 2006 on .73 acre lot anchored by Chase at signalized entrance to a Publix Supermarkets anchored shopping center. Near Largo Medical Center. 100% NNN leased. NOI $198K/yr. $2.337M. 8.5% Cap.
3. Walgreen’s Pharmacy in Saint Charles, IL: 14,490 SF Walgreen’s Pharmacy built in 2002 on 1.90 acres of parcel at signalized intersection in wealthy (AHI $105K/yr. within 3-mile radius) Chicago suburbs. NNN leased with 17.5 years remaining on primary term. NOI $325K/yr. $4.062M. 8% Cap.
4. Starbucks Coffee in Columbus, GA: 2000 SF freestanding retail building constructed in 2008 on .92 acre pad across from Target Anchored Center off of Fwy-80. Unusual 15-years NNN corp lease with 10% rent increases every 5-years. No kickout clause. NOI $120K/yr. $1.5M. 8% Cap.
5. Oregano’s Restaurant in Mesa, AZ: 5798 SF well located restaurant on .49 acre lot in close proximity to Banner Desert Medical Center, Fiesta Mall and Mesa Community College near Fwy-60. New 15-years absolute NNN corp lease with 10% rent increases every 5-years. NOI $144K/yr. $1.605M. 9% Cap.
6. Jack in the Box Restaurant in Beaverton, OR: 2864 SF well maintained Jack in the Box retail building just west of Portland Oregon adjacent to Hwy-26. Long NNN corp lease. NOI $164K/yr. $2.270M. 7.25% Cap.
7. Strip Center in Houston, TX: 8100 SF strip center on .61 acre lot with excellent visibility. 75% NNN leased. NOI $102K/yr. $1.2M. 8.5% Cap.
8. Redfield Suites in Reno, NV: 32,000 SF Class-B two-stories office suites constructed in 2002 on 2.52 acres of land with attractive courtyard. Conveniently located near Convention Center, Airport and several casinos near I-395. 75% leased. $4M. 10% Cap.
9. Strip 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. Price increased from $2.55M to $2.780M. 9.5% Cap.
10. Shopping Center in Orange Park, FL: 28,000 SF nice-looking strip center close to Orange Park Mall with easy access to I-295 in Jacksonville suburbs. Across the Street from Super Target, Home Depot and the 910,000 Square Foot, Orange Park Mall. 100% leased by a diverse tenant mix. NOI $296K/yr. Price reduced from $3.2M to $2.975M. 9.55% Cap.
    ▪ Upside potential: tenants paying 20% below market rent!
    
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Top 10 Properties 11-04--09

AHI: Avg Household Income
NOI: Net Oper Income

1. Brand name restaurants in Lawrenceville, GA: 3 restaurants -- Chili’s, Red Robin, and Macaroni Grill restaurants on 3 separate outparcels to a 356,000 SF regional open-air upscale lifestyle center in wealthy Atlanta suburbs. 10-15 NNN ground leases with 7-12 yrs remaining. (note: you buy the land but if tenant does not renew the lease, building is reverted to you) $1.5M each with 8%-8.6% cap.
2. Wendy’s in Kenosha, WI: 3500 SF restaurant in a stable city North of Chicago. 20 yrs NNN lease by the largest Wendy’s operator. NOI $112K/yr with 1.5% annual rent bump. $1.35M. 8.3% cap.
3. Shopping Center in North Port, FL: 37,476 SF shopping center in 2007 on 3.76 acres lot as part of 88-acre power center anchored by Super Wal-mart and Home Depot in a fast growing city. 90% NNN leased. Existing NOI $595K/yr. $7M. 8.5% cap.
4. Tuffy Auto in Omaha, NE: 3900 SF auto center built in 2007 on a pad to newly Constructed Super Target, OfficeMax, Hobby Lobby & Sports Authority and across the Street from Wal-mart Supercenter. Affluent area with AHI over $109K/yr. 20 yrs NNN lease with guaranty form a corp with over 400 locations in 20 states. NOI $111K/yr. $1.369M. 8.15% cap.
5. Shopping Center in Zephyrhills, FL: 46,967 SF shopping center built in 1990 on 7.32 acres corner lot. Anchored by Sweet Bay Supermarket. 89% leased. NOI $248K/yr. $2.56M. 9.71% cap.
6. Restaurant in Huntington Beach, CA: 5706 SF Sandbox Sports Grill restaurant in a highly desirable and wealthy coastal town with AHI over $115K/yr. 100% leased with strong personal guaranties. NOI $167K/yr. $2.426M. 6.9% cap.
7. Condos Complex in Sacramento, CA: 27-unit bank-owned condo complex on 2.39 acres parcel in a high income part of the city. Gross income of $292K/yr. $2.3M.
8. Apartments Complex in Garland, TX: 108-unit apartment complex with extensive renovation on 3.92 acres lot in Dallas metro. 90% occupied. NOI $327K/yr. $3.6M. 8.95% cap. Just over $33K/unit.
9. Advance Auto in Commerce City, CO: 7000 SF single-tenant retail center on 1.04 acres lot in Denver metro. 10 yrs NNN lease. NOI $133K/yr. $1.661M. 8% cap. Recession resistant tenant.
10. Apartments Complex in Dallas, TX: 432-unit 14 three-story building well-maintained apartments complex on 7.32 acres of land in SW Dallas. 90% occupied. Gross income of $2.4M. $9.5M. 9.47% cap.
    
    © Copyright Transmercial 2009. All rights reserved.

Top 8 Properties of 11-03-09

1. 7-Eleven Retail Store in Milpitas, CA: 2400 SF freestanding retail building on .46 acre lot at excellent signalized corner location along main retail corridor. 100% NNN leased. NOI $66K/yr. $1.1M. 6% cap.
2. Advance Auto Parts in Wilmington, NC: brand new 7000 SF Advance Auto Parts alongside active thoroughfare in growing (49.55%) coastal town. Long NNN lease. NOI $145K/yr. $1.941M. 7.50% cap.
3. Apartments in Dallas, TX: 63-unit 3-stories apartment complex on over one acre lot in wealthy (AHI $108K/yr) neighborhood in densely populated area. 95% leased. NOI $203K/yr. $2.350M. 8.65% Cap.
4. Shopping Center in Houston, TX: 17,280 SF attractive shopping center built in 2002 on 1.50 acres of parcel surrounded by national tenants – Walmart, Target, Lowes. 100% NNN leased. NOI $382K/yr. $3.9M. 10% Cap.
5. Office Building in Campbell, CA: 40,000 SF 2-stories office building on 1.87 acres of land next to Fwy-17 exit in a high income Silicon Valley city. $8.995M. Excellent for owner user!
6. McAlister in Columbia, SC: 4405 SF franchised restaurant built in 1997 on 1.14 acres lot next to the 110 specialty-store Columbiana Centre Mall in a densely populated retail trade area. 20 yrs NNN lease. NOI $148K/yr. $1.614M. 9.20% cap.
7. Shopping Center in Lancaster, CA: 32,662 SF shopping center built in 2005 on 2.37 acres of land anchored by Dollar Tree at major signalized intersection. 100% NNN leased. NOI $389K/yr. $4.940M. 7.89% Cap.
8. Strip Center in Hemet, CA: 12,560 SF strip center on .81 acre lot located at prime commercial area. This is a short sale. All terms are subject to lender’s approval. Property was sold at $1.95M in 2007. Actual NOI $127K/yr. $949K/yr. 13.40% Cap.
   
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Best 9 Properties 11-02-09

AHI: Avg Household Income
NOI: Net Oper Income

1. Office Building in Glendale, CA: 16,763 SF well maintained office building conveniently located off of Fwy-134. 100% leased. NOI $266K/yr. $3.3M. 8.08% Cap.
2. Best Buy in Quincy, IL: 20,000 SF retail building constructed in 2007 on 3.40 acres of land in fast growing area off of Fwy-172. Long NNN leased by national tenant. NOI $270K/yr. $3.176M. 8.5% Cap.
3. Family Dollar Store in Colorado Springs, CO: 10,000 SF all-brick retail building on 2.45 acres of parcel along strong retail corridor. 100% NNN leased by stable tenant. NOI $86K/yr. $1.020M. 8.5% Cap.
4. Apartments in Houston, TX: 32-units apartment complex freshly painted & minutes from Downtown. 95% Occupancy. NOI $133K/yr. $1.5M. 8.93% Cap.
5. Apartments in Irving, TX: 94-unit two-story apartment complex built in 1980 on 2.75 acres lot in a good area in Dallas metro. NOI $307K/yr. Price reduced to $3.2M. 8.70% cap.
6. Rite Aid Pharmacy in Stockbridge, GA: 10,908 SF drug store built in 1997 on 1.5 aces corner lot close to I-75 in fast growing Atlanta suburb. Surrounded by more than 945,000 SF of retail space: Wal-Mart, Publix, Walgreen, CVS, Dollar General, Wachovia, Suntrust Bank, RBC Centura Bank, Starbucks, Outback, Wendy's and more. 100% NNN leased. NOI $193K/yr. Price reduced to $1.760M. 11% cap.
7. Strip Center in Chicago, IL: 7200 SF strip center located at signalized intersection. 100% leased by two national tenants. NOI $109K/yr. $1.250M. 9% Cap.
8. Retail Center in Sauk Village, IL: 16,000 SF well located strip center anchored by Ace Hardware. 100% leased by good tenant mix. NOI $173K/yr. $1.950M. 8.70% Cap.
9. Medical Office in Las Vegas, NV: 4,500 SF two-tenant Class-B medical office built in 2005 at busy intersection minutes from Desert Springs Hospital. 100% NNN leased. Price reduced to $908K. 8.5% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 6 Properties of 10-30-09

1. Apartments in Martinez, CA: well-maintained 18-unit apartments complex in San Francisco Bay area with upgraded plumbing and electrical systems. Gross income of over $139K/yr. $1M. Seller will carry 80% loan at 6% interest.
2. Walgreens in Daytona Beach, FL: 13,641 SF drug store built in 1997on 1.56 acres corner lot. 20 yrs NN lease with 8 yrs remaining. NOI $226K/yr. $2.5M. 9.05% cap.
3. Retail center in San Jose, CA: 7000 SF mature retail center on Story road across my the new Home Depot. 100% leased. NOI $180K/yr. $2M. 8% cap.
4. KFC in Sebring, FL: 2311 SF restaurant built in 1997 on ¾ ac lot. Long term NNN lease by an operator with 8 units. NOI $80K/yr. Price reduced to $871K. 9.25% cap.
5. Apartments in Oakland, CA: 29-unit apartment in a densely-populated area. 90% occupied. Gross income of $274K/yr. $1.66M. 9% cap.
6. Tire Plus in Miami, FL: 6720 SF single-tenant automotive center built in 1999 on 1..1 acre lot a major artery next to Palmetto Expressway. 100% absolute NNN lease with 9 yrs remaining. NOI $170K/yr with 10% rent bump every 5 yrs. $2.16M. 7.9% cap.
   
   © Copyright Transmercial 2009. All rights reserved.

Top 8 Properties 10-29-09

1. Strip Center in Palm Desert, CA: 9875 SF recently constructed multi-tenant strip center on .93 acre lot shadow-anchored by Wal-Mart in a vibrant retail area. 74% NNN leased by nationally recognized tenants. Actual NOI $254K/yr. $3.279M. 7.75% Cap. Upside potential when fully leased.
2. Retail Center in Salina, KS: 6400 SF attractive retail center constructed in 2007 on .51 acre lot in fast growing area near I-135. 100% NNN leased by 3 national tenants. NOI $126K/yr. $1.1M. 10.92% Cap.
3. Shopping Center in Houston, TX: 84,162 SF nice-looking shopping center built in 1998 on 3.56 acre lot anchored by Conn’s Appliance (NASDAG: CONN) in densely populated area. 100% NNN leased. NOI $555K/yr. $5.7M. 9.75% Cap.
4. Shopping Center in Houston, TX: 41,731 SF 18-units shopping center constructed in 2002 on 4.10 acres of land at high traffic location conveniently located at signalized corner location. 95% NNN leased. NOI $573K/yr. $7.2M. 7.97% Cap.
5. Strip Center in Fort Worth, TX: 9244 SF all brick strip center built in 2004 on 1.38 acres of land shadow-anchored by Albertsons grocery store close to Hwy-377. 100% NNN leased. NOI $158K/yr. $1.763M. 9% Cap.
6. Shopping Center in Upland, CA: 29,833 SF well located “L” shaped shopping center on 2.57 acres of land anchored by Goodwill off of I-10. 75% NNN leased. Actual NOI $317K/yr. $4.3M. 7.37% Cap.
7. Smart & Final in Modesto, CA: 16,125 SF Smart & Final retail building on .80 acre lot at corner location near I-108/33. 100% NNN leased. NOI $163K/yr. $2.336M. 7% Cap.
8. Office Building in Keller, TX: 4360 SF beautiful Class-A office building constructed in 2004 at corner location in fast growing (44.93%) affluent (AHI $149K/yr) Dallas metro.100% NNN leased by Health First Chiropractic and Wellness Center. NOI $74K/yr. $761K. 9.75% Cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 10 Properties of 10-28-09

FREE “How to invest in commercial real estate” seminar/webinar.

Date: Nov 14, 2009
Time: 8:55AM to noon PST
Place: Transmercial office at 1340 Tully Rd. suite 307. San Jose CA
Presenter: David Tran
Click here for seminar reservation form.
For those who signed up for the webinar, you should have already received instruction on how to attend the webinar. If you have not, please advise.

AHI: Avg Household Income
NOI: Net Oper income

1. Strip Center in Lone Tree, CO: one-year old 5,556 SF high-quality constructed strip center on .93 acre lot near Park Meadow Mall in an affluent (AHI $109K/yr) Denver metro. 100% NNN leased. NOI $184/yr. $2.3M. 8% Cap.
2. Days Inn and Suites in Knoxville, TN: attractive 91-room motel on 2.20 acres of land with numerous amenities: meeting space, exercise room, guest laundry, outdoor pool and more off of I-75. NOI $350K/yr. $3.9M. 9% Cap.
3. Apartments in North Richland Hills, TX: 138-units Class-B apartment complex constructed in 1978 on 6.51 acres of parcel. NOI $640K/yr. $6.4M. 10% Cap.
4. Retail Center in Pearland, TX: 9000 SF retail center built in 1999 on .97 acre lot anchored by Sherwin-Williams across from Walgreens. 100% leased by 3-tenants. NOI $113K/yr. $1.375M. 8.22% Cap.
5. Retail Building in Durham, NC: 4770 SF Best Friends Pet Care center on over 13 acres lot in a well-off (AHI $100K/yr) neighborhood near I-85/40/540 in fast growing Raleigh/Durham metro. Long NNN leased by national credit tenant. NOI $130K/yr. $1.3M. 10% Cap.
6. Pep Boys Auto & Tire Service in Oxnard, CA: 18,848 SF well located retail building on .72 acre lot with excellent ingress/egress. New 15-years absolute NNN corp lease with rent increases. NOI $269K/yr. $3.848M. 7% Cap.
7. Strip Center in Redlands, CA: 13,490 SF multi-tenant strip center constructed in 2004 on 1.23 acres of land along major retail corridor near Fwy-10. 100% NNN leased. NOI $250/yr. $3.125M. 8% Cap.
8. Shopping Center in Phoenix, AZ: 15,735 SF attractive shopping center built in 2006 anchored by US-Bank in a pad to Lowe’s and Wal-Mart shopping center. 100% NNN leased by national/local tenants. NOI $ 440K/yr. $5.350M. 8.25% Cap.
9. Freddy’s Frozen Custard Retail Building in San Antonio, TX: 3518 SF retail building constructed in 2008 on over 1 acre lot near a regional shopping center close to Fwy-151/410. 15-years absolute NNN ground lease. Buyer owns the land. NOI $105K/yr. $1.319M. 8% Cap.
10. Walgreen’s Pharmacy in Jacksonville, FL: 14,820 SF well-located pharmacy on 1.37 acres of land with double drive-thru across from Deerwood Country Club conveniently located between I-95/295. High income area with AHI over $82K/yr. New 25-years absolute NNN lease. NOI $442K/yr. $5.855M. 7.55% Cap.
    
    
    © Copyright Transmercial 2009. All rights reserved.

Cost Segregation Maximizes Investor’s Cash Flow.

Why Should You Care?
A Cost Segregation Study (CSS) allows you to claim 50-70% more depreciation on your commercial property. This reduces your income taxes and in turn increases your cash flow from the property.

What is a Cost Segregation Study?

This IRS-defined engineering approach accurately classifies an investment property into two asset groups:

1. Structural components which have a longer depreciable life, such as 27.5 or 38.5 years, classified as real property;
2. Non-structural components, e.g. furniture, carpets, landscaping, plumbing, electrical, HVAC systems, parking lot, which have a shorter 5, 7, or 15 year depreciable life, classified as personal property.
   
   So, you may deduct more depreciation over a shorter period by classifying more of the property as non-structural components.
   
   A CSS is usually performed by an appraiser or an engineering company. The company will visit your property for a site inspection to fully understand its use and condition. It then provides you with a CSS comprehensive report. This report includes pictures and information to support and document the classification of costs according to the strict IRS-approved methodologies. The result of a CSS is then given to your CPA or tax accountant for income tax reporting.
   
   Without a CSS, you will just use the standard depreciation schedule for improvements: 27.5 years for apartments and 38.5 years for other commercial properties. As much as 90% of investors are claiming the standard depreciation over the longer period. So, if you have not heard of Cost Segregation, chances are you are missing the faster and additional depreciation.
   
   Benefits to Investors
   
   By shifting a portion of the property into the non-structural classification, the CSS allows you to reduce your income tax by generating an extra 50-75% in depreciation deduction and thus increase your after-tax cash flow. The extra depreciation basically converts ordinary rental income at your current higher tax bracket to tax-deferred capital gain in a 1031 exchange.
   
   Of course, the higher your tax bracket (up to 35%), the more tax savings you will realize. The saving is even more if you also have to pay state income tax as a CSS is also allowed on your state income tax return. These tax savings are maximized during the first 5 years of ownership. Once the extra depreciation runs out, it may be a time to evaluate if you should exchange the property and repeat the whole process again.
   
   A CSS allows you to increase tax depreciation. This is not the same as accelerated depreciation which simply shifts a higher percentage of depreciation deduction to the early years. This accelerated depreciation is subject to Alternative Minimum Taxes while depreciation from a CSS is not.
   
   Who Can Benefit from a CSS?
   If you own any of the following properties, you should be able to benefit from a CSS:
   • Retail/shopping Center
   • Office building
   • Restaurant
   • Nursing Homes, Assisted Living Facilities
   • Hotel/Motel
   • Warehouse/distribution center
   • Industrial building
   • Public Storage
   • Resorts
   • Auto Repair Shop
   • Auto Dealer Property
   • Hospital, medical center
   • Sport/entertainment Facility
   
   CSS Companies
   Below are a few companies that perform a CSS. Most companies will provide you with a free estimate for the CSS of your property. The authors do not endorse any company.

1. Commercial Cashflow Advisors, (408) 213-2530, http://www.ccashflow.com/.
2. O’Connor & Associates, (800) 856-7325, http://www.cutmyfederaltaxes.com/.
3. Source Corp., (817) 732-5494, http://www.sourcecorptax.com/.
   
   Do’s and Don’t

1. If you own commercial property valued at $1M or more, you should explore the benefits of a CSS, especially when you are in a high tax bracket and can benefit from the additional depreciation deduction.
2. Use the Cost Segregation Calculator on http://www.cutmyfederaltaxes.com/. You just need to provide: property type, building cost, your tax rate, date of purchase, and it will give you an estimated tax saving. Use this as a go or no go test to see if it is worth pursuing further.
3. Take advantage of the free estimates that most CSS companies offer. It tells you the costs of a CSS and the estimated potential tax savings over the first 5 years.
4. Don’t let the cost of a CSS deter you. It costs money to make more money.
5. Discuss the estimate provided by the CSS companies with your CPA or tax accountant to see if your CPA would advise you to proceed.
6. You may want to consider a CSS at the time of purchase of a commercial property as part of your investment and exit strategy.
7. You will maximize the tax savings if you hold the property for 5 years; it probably does not make financial sense to perform a CSS and sell the property shortly after that.
8. If you own the property for several years, the IRS may allow you to “catch up” underreported depreciation from prior years by filing a Form 3115.
9. If you have remodeled and renovated your property, a CSS can also recover a significant portion of the asset value which you have abandoned.
   
   © Copyright Transmercial 2007-2009

Top 8 Properties Of 10-27-09

1. Shopping center in Plainfield, IN: 26,807 SF upscale constructed multi-tenant center built in 2000 on 2.63 acres of land at major intersection adjacent to Super Target, Kohl’s, T.J. Maxx and more. 95% NNN leased. NOI $438K/yr. $5.1M. 8.60% Cap.
2. Apartments in Benicia, CA: well-maintained 13-unit apartments complex near Hwy 780/680. 100% leased. NOI $98K/yr. $1.4M. 7% Cap.
3. Neighborhood Center in Thornton, CO: 19,319 SF attractive shopping center near Super Wal-mart just off of I-25 in growing Denver suburbs. 91% NNN leased. NOI $404K/yr. $4.9M. 8.26% Cap.
4. Strip Center in Katy, TX: 12,578 SF 3-years old strip center on over 1 acre corner lot at major thoroughfare location. 100% NNN leased: Charming Charlie, Verizon Wireless and Vibrancy Salon and Day Spa. NOI $307K/yr. $3.350M. 9.17% Cap.
5. Shopping Center in Aurora, CO: 23,960 SF multi-tenant shopping center in Denver metro with good tenant mix: Men’s Wear, Furniture, Women’s Wear, Carniceria, Kid’s Wear, Bag’s & Cosmetics, Jewelry and Shoe store. 97% leased. NOI $341K/yr. $3.8M. 8.97% Cap.
6. SafeGuard Self Storage in Victorville, CA: 95,530 SF storage facility constructed in 2005 on 4.74 acres of parcel with individual door alarms, electronic gate and 24-hour video surveillance. NOI $238K/yr. $3.5M. 6.82% Cap.
7. Retail Center in McDonough, GA: 24,000 SF bank-owned eye-catching retail center constructed in 2002 on 2.51 acres of land with big monument sign located along Hwy-81 in Atlanta metro. 75% leased by nine tenants. Actual NOI $232K/yr. $2.750M. 8.45% Cap. Upside potential when fully leased.
8. Strip Center in Forest Park, GA: 9600 SF bank-owned brick constructed strip center on .70 acre lot in fast growing Atlanta suburbs. 64% leased. Actual NOI $83K/yr. $875K. 9.49% Cap. Excellent for 1st time investor.
   
   © 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 9 Properties 10-26-09

1. Apartments Complex in San Diego, CA: 27-unit apartments built in 1987 with 15 2-br and 12 1-br units in a densely populated City Heights. Gross revenue of $247K/yr. $1.9M. 7.17% cap.
2. Advance Auto Parts in Jacksonville, FL: 7000 SF single-tenant retail center built in 2007 on 1.44 acres near Publix Supermarkets, Food Lion, IHOP, Wal-mart. 15 yrs NNN lease with 12 yrs remaining. NOI $123K/yr. $1.55M. 7.94% cap.
3. Burger King in Waukegan, IL: 3100 SF restaurant on .4 ac parcel in North Chicago. 100% absolute NNN lease with 15 yrs remaining by a successful franchisee. NOI $149K/yr. $1.995M. 7.5% cap.
4. Apartments in Edmonds, WA: 15 unit apartments in Seattle metro. NOI $82K/yr. $1.025M. 8% cap.
5. Medical Plaza in Northridge, CA: 24,275 SF 3-story class-A medical plaza on 1.69 acres corner lot strategically Located Adjacent to Hospitals and Cal State Northridge Campus. High income area with AHI over $97K/yr. 100% leased. NOI $795K/yr. $10.65M. 7.47% cap.
6. CVS Pharmacy in Hanson, MA: 10,125 SF drug store built in 1997 on 5.8 acres lot in a upper middle class Boston metro. 20 yrs NN lease with 8yrs remaining. Store with strong sales of over $875/SF (which means CVS is highly likely to renew lease). NOI $172K/yr. $2.063M. 8.35% cap.
7. Single tenant retail in Orlando, FL: 3200 SF 3-yr old retail building on .57 ac at a traffic light intersection. 15 yrs NN lease by Amscot Financial Services with over 170 locations in FL. NOI $159K/yr with 6% rent increase every 5 yrs. Price reduced to $1.763M. 9.5% cap.
8. Pep Boy Auto in Dallas, TX: 22,491 SF auto center on 2.75 acres lot in a higher income part of Dallas. New 15 yrs absolute NNN lease with corp guaranty. NOI $158K/yr. with 8% rent increase every 5 yrs. $2.115M. 7.4% cap. Recession insensitive tenant.
9. Shopping Center in San Antonio, TX: 32,623 SF 13-unit shopping center built in 2007 on 3 acres lot at a hard corner in a wealthy are with AHI over $94K/yr. 88% NNN leased by 11 tenants. NOI $554K/yr. $6.35M. 9% cap.
   
   © copyright Transmercial 2009. All rights reserved.

Top 7 Properties 10-23-09

1. AppleBee’s in Aurora, IL: 4390 SF restaurant built in 1997 in Chicago metro. 100% absolute NNN leased till 2025. NOI 182K/yr with 2% annual rent bump. $2.079M. 8.75% cap
2. Burger King in Colorado Spring, CO: 2500 SF brand new restaurant on ..88 acre parcel. New 20 yrs absolute NNN lease from an experience operator with 25+ units. NOI $120K/yr. $1.55M. 7.75% cap.
3. Medical/Professional Building in Cypress, TX: 11,250 SF 2-story recently constructed building conveniently located along Fwy-290 in fast growing (196.33%) & well-off ($90K/yr within five-mile radius) Houston suburbs. 100% leased. NOI $227K/yr. $2.530M. 9% Cap.
4. Retail Building in Sunnyvale, CA: 7962 SF well-located retail building on .37 acre lot at corner location. 90% leased. NOI $120K/yr. $1.920M. 6.25% Cap.
5. Strip Center in Hot Springs, AR: 13,360 SF attractive strip center on 1 acre lot at high traffic location. 100% leased. NOI $100K/yr. $1.250M. 8% cap.
   Property includes (20) 10x25 storage units.
6. Advance Auto Parts in Memphis, TN: 9,415 SF Advance Auto Portfolio consisting of 3 properties constructed in 1997 on prime signalized corner locations. 100% NNN corp lease. NOI $170K/yr. $1.7M. 10.03% Cap.
7. Shopping Center in Hawthorne, CA: 17,675 SF 15-tenants shopping center at active signalized intersection in densely populated area. 92% leased. NOI $490K/yr. 8% cap. Note: price reduction from $6.535M to $6.210M.

© copyright Transmercial 2009. All rights reserved.

Top 9 Properties 10-22-09

1. Shopping Center in Kauai, HI: rare 36,933 SF 2-story 36-unit retail center on 4 acres lot near cruise ship dock at Nawiliwili harbor. 94% leased. NOI $391K/yr. $5.6M. 7% cap.
2. Medical Office Building in Long Beach, CA: 13,144 SF medical office building with beautiful landscaping in a prestigious location of Bixbys Knolls and minutes from Long Beach Memorial Hospital. 100% leased. NOI $226K/yr. $2.9M. 7.79% cap. Buyer to assume $1.96M loan at low 6.17% interest.
3. Strip Mall in Phoenix, AZ: 8400 SF strip center built in 2006 on 1.36 acres pad to Lowes and Wal-mart supercenter. 100% NNN leased by 4 brand name tenants: Starbucks coffee, Subway, T-mobile, and Wingstop. NOI $265K/yr. $3.125M. 8.5% cap.
4. Short sale of Cucina Tagliani restaurant in Avondale, AZ: 6722 SF beautiful Italian restaurant built in 2005 on 1.5 acres outparcel to a shopping center anchored by Kohls, Sprouts Farmers market, and Jo-Ann Fabrics in a fast growing Phoenix suburbs. Property currently with over $4M in loans. $1.575M and subject to lenders approval. Tenant will sign long term lease at close of escrow offering 8% cap.
5. AppleBee’s in Austin, TX: 5015 SF franchised restaurant built in 1995 on a pad to Sam’s Club and Best Buy in a stable and high income (AHI 82K/yr) Austin. Adjacent to Wal-mart. Long term absolute NNN lease by an operator with 22 locations. NOI $194K/yr. $2.28M. 8.5% cap.
6. Sprout Grocery in Glendale, AZ: 30,600 SF upscale grocery store on 3.32 aces lot as an anchored tenant in a 62,236 SF neighborhood shopping center in Phoenix metro. Competitor of Whole Foods, Trader Joe's, and Fresh & Easy with 38 Locations in 4 States and growing. 15 yrs absolute corp NNN lease with 10 yrs remaining. NOI $510K/yr. with 4.3% rent increase every 3 yrs. $5.861M. 8.7% cap.
7. Walgreens in Orange Park, FL: 15,420 SF drug store built in 2002 on 1.43 acres lot in a prime commercial corridor in a affluent (AHI 94K/yr) Jacksonville metro. 100% NN lease with over 12 yrs left. NOI $343K/yr. Price reduced from $4.2M to $4.1M. 8.35% cap.
8. Assisted Living Facility in Mesa, AZ: 5900 SF assisted living facility in Phoenix metro. 10 yrs NNN leased by Doctor’s Choice Assisted Living with guaranty by high net-worth tenant. NOI $139K/yr. $1.746M. 8% cap.
9. Shopping Center in Tarpon Springs, FL: 25,000 SF shopping center built in 2000 on 2.5 acres lot in a stable and high income Tampa metro. 100% leased. NOI $178K/yr. $2.4M. 7% cap. Less than $100/SF!
   
   © copyright Transmercial 2009. All rights reserved.

Top 10 Properties 10-21-09

1. Walgreens in Palmdale, CA: 13,650 SF new drug store on over 1 ac parcel on a hard corner in a high income (AHI over $106K/yr) area. 25 yrs NNN lease. NOI $429K/yr. $6.13M. 7% cap.
2. Apartments in Richland, WA: 64-unit 35,095 SF apartments complex in a fast-growth (46% since 2000) and high-income (AHI $80K/yr) city. Walking distance to lake Wallula. 100% occupied. NOI $216K/yr. $2.62M. 8.25% cap. Just over $40K/unit.
3. Apartments in Richland, WA: 39-unit apartments in the fastest growing metropolitan area in the state per MSNBC. 100% occupied. NOI $134K/yr. $1.63M. 8.25% cap.
4. Apartments in Long Beach, CA: 10-unit apartments in a densely-populated are with over 500K residents within 5 miles ring. 100% occupied. Gross rent of $115K/yr. $1.055M. 7.6% cap.
5. MRI Center in Conyers, GA: 2943 SF single-tenant medical office building on 1.27 acres lot in Atlanta metro. 100% NNN leased till 2016. NOI $80K/yr. $927K. 8.25% cap. Great for 1st time investors.
6. Strip Center in West Sacramento, CA: 10,824 SF brand new retail center on 1.75 acres parcel at a hard corner near Target, Lowes and high-end Nugget Market. NOI $377K/yr. $4.867M. 7.75% cap.
7. Medical office Building in Charlotte, GA: 6500 SF class-A 2-yr-old medical office building in a booming (109% since 2000) and affluent (AHI $96K/yr) part of Charlotte. 100% NNN leased by 3 doctors with 8 yrs left. NOI $132K/yr. $1.56M. 8.48% cap. Recession resistant tenants.
8. Family Dollar Store in Orlando, FL: 9200 SF single-tenant retail building on 1.38 acres lot in a fast growth (54%) and strong income area. 10 yrs NNN lease. NOI $152K/yr with rent increase. $1.738M. 8.75% cap. Recession resistant tenant.
9. Walgreens in Schertz, TX: brand new 14,820 SF drug store on 1.98 acres lot across from Target in San Antonio suburbs. 25 yrs NNN lease. NOI $327K/yr. $4.425M. 7.4% cap. Tax-free state. Recession resistant tenant with A+ S&P rating.
10. Medical Office building in Thornton, CO: 17,400 SF medical office building next to I-25 in stable Denver metro. 100% leased. NOI $142K/yr. $1.695M. 7.9% cap.
    
    © copyright Transmercial 2009. All rights reserved.

Top 9 Properties 10/20/09

1. Shopping Plaza in Albany, OR: 109,891 SF neighborhood center shadow anchored by Albertson grocery. Located Across from Heritage Mall a 328,000 Square Foot regional mall anchored by Target, Old Navy, Ross Dress for Less and Sears. 83% occupied. NOI $676K/yr. $7.5M. 9% cap.
2. Apartments in Round Rock , TX: 24-unit 1br-1ba well maintained apartments complex built in 1985 in a high-growth, high-income Austin metro. Large 860 SF units. 100% occupied with gross income of $194K/yr. NOI $101K/yr. $1.15M. 8.84% cap.
3. Retail Building in Milpitas, CA: 7500 SF 2-story retail building on Calaveras and I-680 with 68 parking spaces. Former restaurant and currently vacant. $1.099M,
4. Office Building in Auburn, CA: 12,779 SF 2-story well-maintained multi-tenant office building on 1 ac lot in Sacramento metro. Renovated in 2005. 95% occupied by 9 tenants. NOI $165K/yr. $1.65M. 9.72% cap.
5. Shopping Center in Chicago, IL: 17,974 SF retail center 1.47 acres lot with excellent visibility. 92% leased. NOI $235K/yr. $2.355M. 10% cap.
6. Burger King in Valdosta, GA: 2859 SF restaurant on ½ ac lot. 100% NNN lease with corp guaranty. NOI $88K/yr. $1.173M. 7.5% cap.
7. Flagged Hotel in Phoenix, AZ: 97-unit motel near the airport and minutes from popular attractions like Chase Field, US Airways Center and the Phoenix Convention Center in Downtown Phoenix. $3.5M. 10% cap.
8. Strip center in Draper, UT: 7141 SF strip center built in 2007 on .62 ac outparcel to a larger shopping center in a fast growing middle upper class (AHI $92K/yr) South of Salt Lake City. 100% NNN leased. NOI $212K/yr. $2.661M. 8% cap.
9. Strip center in Ogden, UT: 6930 SF recently-remodeled multi-tenant retail center North of Salt Lake City. 100% occupied. NOI $75K/yr. $815K. 9.23% cap. Great for first time investors.
   
   © Copyright Transmercial 2009. All rights reserved.

Top 8 Properties Among 420+ 10/19/09

1. Strip center in San Jose, CA: 12,000 SF retail center built in 1990. Anchored by a dialysis center. 100% NNN leased. NOI $290K/yr. $4.3M. 6.75% cap.
2. KFC restaurant in Sebring, FL: 2311 SF restaurant built in 1997 on ¾ acre outparcel next to 495,000 SF Lakeshore Mall. 20 yrs NNN lease with over 10 yrs remaining by an operator with 8 units. NOI $80K/yr. Only $895K. 9% cap. Great for 1st time investors.
3. 32 unit apartment in Riverside, CA: 32-unit 8-building apartments complex near Galleria at Tyler mall. 85% occupied. NOI $201K/yr. $2.588M. 7.77% cap.
4. Bridgestone Tire Plus in Yukon, OK: 10,118 SF automotive center built in 2009 in Oklahoma city metro. 15 yrs NNN corp lease. NOI $212K/yr with 10% rent bump every 5 yrs. $2.575M. 8.25% cap.
5. Jack In the Box in Moreno Valley, CA: 2800 SF restaurant built in 1991 on ¾ acre on a major artery with easy access to I-215. Fast growing Riverside county. New 20 yrs absolute NNN lease with corp guaranty. Store with strong sales of over $1.8M/yr. NOI $138K/yr with up to 10% rent increase every 5 yrs. $2.216M. 6.25% cap.
6. Burger King in Rialto, CA: 3558 SF restaurant on 1 ac outparcel to Wal-mart supercenter just off I-10 exit. 20 yrs NNN lease with an operator with 40 locations. NOI $115K/yr. $1.67M. 6.9% cap. Note: this can be bought for $1.5M or 7.25% cap.
7. Jack In the box in Colorado Springs, CO: 3290 SF restaurant on .82 ac pad site to Marketplace at Austin Bluffs shopping center. Long term NNN ground lease, i.e. land is for sale. NOI $95K/yr. $1.27M. 7.5% cap.
8. Walgreens in West Columbia, SC: 14,820 SF drug store built in 2007 with double drive thru on 2.4 acres lot. 100% NNN leased till 2032. NOI $332K/yr. $4.426M. 7.5% cap.
   
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