05-17: Shopping centers, Jiffy Lube, Rite Aid, Medical Office Buildings, Popeyes

1.       Bank-owned Shopping Center in Tucson, AZ: 34,953 SF 14-unit shopping center on 3.33 acres lot in a growing area.  70% NNN leased with 4 vacant units.  Current NOI $264K/yr. $2.67M. 9.9% cap.

2.       Shopping Center in Colton, CA: 108,398 SF shopping center built in 1992 on 8.47 acres lot near I-215 exit.  Anchored by Ross, 99 cents Only, Bank of America.  Shadow anchored by Wal-mart.  85% NNN leased.  NOI $1.338M. $18.7M. 7.13% cap.  Buyer to assume $16.2M loan at 6.16% interest.

3.       Jiffy Lube in Danbury, CT: 1952 SF Jiffy Lube on ¼ ac lot in a fast growing (36% since 2000) and affluent (AHI 97K/yr in 1 mile).  20 yrs absolute NNN lease to a franchisee with 415 locations in 15 major markets.  NOI $104K/yr with 10% rent bump every 5 yrs.  Store with strong $1.16M in revenue.  $1.228M. 8.5% cap.

4.       Shopping Center in Phoenix, AZ: 72,650 SF 16-unit well-maintained shopping center on 7.96 acres lot close to I-10 in high income area.  Anchored by Gold’s Gym and Advance Auto Parts with long term leases.  Shadow anchored by a new Walgreens to be open later in 2011.  98% NNN lease.  NOI $855K/yr. $9.775M. 8.75% cap.

5.       Rite Aid in Gainesville, GA: 10,882 SF drug store on 1.12 acres lot.  15 yrs NNN lease with 14 yrs remaining.  NOI $163K/yr. $1.87M. 8.75% cap.

6.       O’Reilly Auto Parts in Charlotte, NC: 8446 SF auto parts store built in 2008 on .84 acre lot near the airport.  20 yrs NNN lease with 17.5 yrs remaining.  NOI $94K/yr with 6% rent bump in yr 11.  $1.35M. 7% cap.

7.       Shopping Plaza in Lisle, IL: 13,200 SF retail center on 1.3 acres lot in high income Chicago suburbs (AHI $104K/yr in 2 miles).  100% NNN lease.  NOI $174K/yr. $2.115M. 8.25% cap.

8.       Medical Office Building in Jacksonville, FL: 20,468 SF MOB in high growth (278% since 2000) and very high income area (AHI $160K/yr in 1 mile). 100% NNN lease.  NOI $418K/yr. $5.075M. 8% cap.

9.       Surgical Arts Center in Houston, TX: 15,218 SF MOB on 1 ac lot in high-income Northern Houston metro 1 block from Houston Northwest Medical Center.  Currently occupied by 4 medical doctors who will lease back after closing.  100% NNN lease.  NOI $129K/yr.  $1.295M. 10% cap.

10.   Popeyes in Aurora, CO: 2364 SF restaurant on .57 ac lot on a major artery near I-225 in high income area in Denver. 100% absolute NNN lease to a multi-location operator.   

© Transmercial 2011.

05-16: AutoZone, Apartments, Rite Aid, Lone Star steakhouse, Goodyear auto

Client’s Testimonial:

Transmercial has been providing one-stop services for our commercial real estate investment. David Tran not only provided us with valuable market information but also worked with us diligently to analyze and negotiate property deals. David has lots of in-depth knowledge of commercial real estate, as reflected by his work with us as well as his on-line articles. He is highly professional, giving his advisory thoughts and never pushing us in the purchase processes. He also paid attention to details. One time, we signed a purchase contract and were going to complete the deal. He went through the due diligence package and found a loop hole which could potentially cost us a fortune. He then advised us not to purchase the property.  We're very impressed by his expertise, diligence, and professionalism. We highly recommend Transmercial to anyone who plans to purchase commercial real estate properties.

Nadine D. (posted on yelp.com, and used with permission from Nadine)

1.       AutoZone in North Highland, CA: 6600 SF auto parts store built in 1998 on .53 ac outparcel.  In front of a shopping center anchored by DD’s Discounts, Big Lots!, Big 5 Sport, Anna’s Linens, City Trend and Dollar Tree in Sacramento metro.  100% NNN ground lease (land is for sale with tenant owns the building) till 2018.  NOI $125K/yr.  with 10% rent bump in each 5 yrs option.  $2M. 6.25% cap.

2.       BD’s Mongolian Grill in Grand Rapids, MI: 5727 SF BD Mongolian franchised restaurant on .96 ac lot on the busy 28-th street in high-income area.  Tenant has been here since 1998.  100% NNN lease with 7 yrs remaining.  NOI $115K/yr. $1.275M. 9% cap.

3.       Apartments in Oakland, CA: 21-unit apartments on .98 ac lot in high income area next to Highland Hospital.  100% occupied.  NOI $138K/yr.  $1.695M. 8% cap.

4.       Rite Aid in Roseville, CA: 17,700 SF drug store on 2 acres lot in middle-class Sacramento metro.  100% NNN lease till 2023 with no landlord responsibilities.  NOI $477K/yr with 10% rent bump every 5 yrs.  Price reduced to $5.781M.  8.25% cap.

5.       Lone Star Steakhouse in Trussville, AL: 5177 SF franchised steakhouse on 1.7 acres lot next to I-59 exit in middle class Birmingham suburbs.  New 15 yrs NNN lease.  NOI $134K/yr with 2% annual rent bump. $1.348M. 10% cap.

6.       Goodyear Auto in Kissimmee, FL: 6840 SF auto service center on 1 acre lot in growing and high income Orlando suburbs.  15 yrs lease.  NOI $151K/yr.  Price reduced to $1.89M. 8.06% cap.

© Transmercial 2011.

05-13: Rite Aid, Apartments, Retail Centers, Office Buildings for sale

1.     Rite Aid in Raleigh, NC: 11,529 SF drug store at a signalized corner near Hwy-401. New 15-yrs NNN lease. NOI $261K/yr. $2.99M. 8.75% Cap.

2.     Retail Center in Bay Point, CA: 11,776 SF well-maintained retail center on .86 ac lot near BART station amid Concord and Pittsburg. 100% leased to nine tenants. NOI $180K/yr. $1.5M. 12% Cap.

3.     Multifamily Buildings in Bedford, TX: 152-units Class-B apartment complex next to I-121 in fast growing (26.49%) & well-off (AHI $86K/yr within 3 miles) Fort Worth/Dallas metro. 92% occupied. NOI $632K/yr. $6.8M. 9.30% Cap.

4.     Strip Center in Leander, TX: 5987 SF strip center built in 2009 on .89 ac lot  adjacent to Power Center anchored by Kohl’s & Lowe’s North of Austin. 80% leased. NOI $132K/yr. $1.604M. 8.25% Cap. Upside Potential.

5.     Shopping Center in Denver, CO: 40,000 SF shopping center next to RTD Aurora West Campus Station. 100% NNN leased. NOI $288K/yr. $3.2M. 9% Cap.

6.     Office Building in Ann Arbor, MI: 40,363 SF Class-A office building across from Briarwood Mall with immediate access to I-94/US-23. 94% leased to multiple tenants. NOI $548K/yr. $6.175M. 8.88% Cap.

7.     Shopping Center in Troy, MI: 100,575 SF grocery anchored shopping center at corner lot location with excellent tenant mix: Aldi, ACO Hardware, UPS, Little Caesars and Subway. NOI $728K/yr. $7.745M. 9.4% Cap.

8.     Inline Center in San Antonio, TX: 12,231 SF 4-yrs old retail center across from Home Depot and surrounded by national tenants. 100% leased. NOI $262K/yr. $3.543M. 7.4% Cap.     

© Transmercial 2011.

05-12: Retail centers, medical office building, Kmart, Business Park

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $US 20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.       Retail Center in Escondido, CA: 15,330 SF newer retail center on 1.46 acres parcel in San Diego suburbs.  100% NNN leased to 9 tenants.  NOI $227K/yr. $2.995M. 7.54% cap.

2.       Medical Office Building in Desoto, TX: 4685 SF single-tenant class-A MOB built in 2006 on 2/3 ac lot in Dallas metroplex.  10 yrs NNN lease with 4 yrs remaining.  NOI $96K/yr. $1.1M. 8.75% cap.

3.       Office Tower in Dallas, TX: 51,043 SF 4-story office building with I-30 visibility.  84% leased.  NOI $373K/yr. $3.395M. 11% cap.

4.       Ruby’s Diner in Rancho Mirage, CA: 5200 SF Ruby’s Diner family restaurant built in 2003  in an affluent Palm Desert metro (AHI $144K/yr in 1 mile).  100% absolute NNN lease with 7 yrs remaining.  NOI $202K/yr with 10% rent bump every 5 yrs (next on in 2013).  $2.8M. 7.25% cap.

5.       Kmart in Clinton Township, MI: 87,543 SF Kmart on 7.35 ac corner lot.  Anchored tenant in a neighborhood center co-anchored by Kroger Supermarket in high income town with profitable and hiring auto industry.  100% NNN lease with 5 yrs remaining.  NOI $323K/yr. $3.231M. 10% cap.

6.       Medical Office Building in League City, TX: 24,240 SF 4-yrs old class-A medical office building on 2.4 acres lot in fast growing (131% since 2000) and high income Houston suburbs.  100% NNN leased to mostly medical tenants.  NOI $495K/yr.  Price reduced to $5.85M. 8.5% cap.

7.       Strip Mall in Las Vegas, NV: 6227 SF strip center on .72 acres corner outparcel on the busy Sahara Blvd. in affluent part of Las Vegas (AHI $100K/yr).  100% NNN leased to 2 national tenants: Chipotle Mexican Grill and Cox Enterprise.  NOI $232K/yr. $2.85M. 8.15% cap.

8.       Business Park in Fremont, CA: 119,038 SF 2-story 3 building 6-suite office complex in high-income Silicon suburbs.  Easy access to I-880.  $2.5M recent renovation.  95% leased. NOI $1.234M.  $13.4M. 9.22% cap.

9.       Starbucks in Brunswick, GA: 1832 SF Starbucks built in 2006 on .62 ac lot next to I-95 exit in a coastal & tourist town. 100% NNN- lease with 5+ yrs remaining.  NOI $103K/yr. $1.16M. 8.87% cap.

10.   Shopping Plaza in South Charleston, WV: 148,059 SF neighborhood center built in 1988 on 12.69 acres parcel.  Anchored by TJMaxx and Kroger Supermarkets. 86% leased.  NOI $1.507M. $18M.  8.3% cap.

© Transmercial 2011.

05-11: Sports Authority, Burger King, CVS Pharmacy, Advance Auto Parts, Shopping centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $US 20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.     Shopping Center in Kentwood, MI: 31,002 SF shopping center on busy thoroughfare in stable Grand Rapids suburbs.  Shadow anchored by Horrock’s Farm Market.  71% leased. Actual NOI $162K/yr. $1.551M. 10.50% Cap. Upside potential when fully leased.

2.     Sports Authority in Moreno Valley, CA: 40,000 SF retail building constructed in 2008 adjacent to Moreno Valley Mall next to I-60. Top performing location. 100% NNN lease with 9 yrs remaining. NOI $670K/yr. $7.98M. 8.40% Cap.

3.     Apartments in Phoenix, AZ: 171-unit bank-owned value-added apartments built in 1985 on 4.75 acres lot.  Amenities include a swimming pool and spa, laundry facilities, barbecue and picnic areas throughout the community, and covered parking.  Last sold in 2005 for $10+M 9with 21 more units).  Pro forma NOI $272K/yr.  $3.35M.  Less than $20K/unit.

4.     Burger King in Louisville, KY: 3583 SF fast-food restaurant on over 1 ac lot in middle-class area (AHI $82K/yr within 2 miles). 100% absolute NNN lease by Carrols Corp (NASDAG TAST), the largest BK franchisee. NOI $89K/yr. $1.115M. 8% Cap.

5.     Office Building in Rancho Cordova, CA: 7361 SF multi-tenant office building with private patio with great access to Hwy-50. 100% leased. NOI $80K/yr. $995K. 8.10% Cap.

6.     Shopping Center in East Brunswick, NJ: 22,255 SF eight-tenant center at a busy signalized intersection in high income New York suburbs. 100% leased. NOI $376K/yr. $4.7M. 8% Cap.  

7.     CVS in Roseville, CA: 15,791 SF free-standing drugstore built in 2009 in fast growing (118.65%) & well-off (AHI $90K/yr within 2 miles) Sacramento metro. 18-yrs remaining on original NNN lease. NOI $663K/year  with rare 15% rent bump in 2019 and 10% in 2024. $8.29M. 8% Cap.

8.     Advance Auto Parts in Charlotte, NC: 7000 SF retail center on 1.25 ac lot. 100% NNN lease with7 yrs remaining. NOI $84K/yr. $933K. 9% Cap.

9.     Shopping Center in Houston, TX: 116,064 SF neighborhood center built in 2007-2010 on 23 acres lot next to Beltway 8 in fast growing area (50% since 2000). Shadow anchored by Home Depot.  65% of the spaces leased by 4 anchored tenants: Ross Dress For Less, Staples, Goodwill and Dollar Tree. 90% NNN leased.  NOI $1.363M.  Suggested price of $17.5M.  7.75% cap.

10.  Office Business Park in Arlington, TX: 23,796 SF Class-B multi-tenant office complex close to restaurants/freeways. 100% NNN leased. NOI $196K/yr. $2.95M. 9.50% Cap.

© Transmercial 2011.

05-10: Rite Aid Pharmacy, Walgreens, Jack in the Box, Shopping Centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $US 20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.     Shopping Center in Omaha, NE: 40,419 SF shopping center built in 1997 on 5.19 ac lot across the street from Hy-Vee Grocery center. 100% NNN leased. NOI $507K/yr. $6.15M. 8.25% Cap. Buyer to assume loan at 6.19% interest due in 2014.

2.      Shopping Center in Omaha, NE: 23,954 SF shopping center including a small drive-thru pad at growing (431.20%) prosperous (AHI $112K/yr within 2 miles) area. 100% NNN leased. NOI $326K/yr. $3.65M. 8.94% Cap. Buyer to assume loan at low 5.75% interest.

3.     Rite Aid in Cumming, GA: 13,813 SF drugstore constructed in 2003 at a signalized intersection along Hwy-20 in growing Atlanta metro. 100% NNN lease till 2023. NOI $321K/yr. $3.48M. 9.25% Cap.

4.     DaVita in Jonesboro, GA: 6324 SF well-maintained retail building on over 2 ac lot leased by the 2^nd largest dialysis company. 10 yrs NNN- corp lease since 2004. NOI $95K/yr. with annual rent increase. $850K. 11.18% Cap.

5.     Walgreen’s in Chandler, AZ: 13,405 SF retail building at busy hard corner location near Loop 101/202. Corp NNN lease with 9-yrs remaining on original lease. NOI $312K/yr. $4.25M. 7.75% Cap. Buyer to assume $3.65M non-recourse loan at 5.60%  interest due in 2015.

6.     Jack in the Box in Charlotte, NC: 2893 SF drive-thru restaurant constructed in 2000 on 1.35 ac lot next to I-77 exit. Absolute NNN corp lease till 2018. NOI $150K/yr. with 10% rent bumps every 5-yrs.  $1.88M. 8% Cap.

7.     Shopping Center in Coconut Creek, FL: 29,940 SF 4-yrs old upscale center on 6.26 ac lot. Located on busy Hwy-441 in affluent Fort Lauderdale metro (AHI $101K/yr in 1 mile). Pro forma NOI $580K/yr. $4.7M. 12.35% Cap.

8.     Apartments in Phoenix, AZ: 150-units multifamily buildings with pool/spa, playground and outdoor fitness close to Conocido Park. 100% Occupied. $573K/yr. $5.1M. 11.24% Cap. Only $34K per unit.

05-09: Tire Pros, Wendy's Restaurant, MOB, Shopping Centers

1.     Shopping Center in Glendale, AZ: 91,563 SF newly upgraded shopping center anchored by Big! Lots at corner location with good tenant mix. 92.9% NNN leased to 20 tenants. Current NOI $769K/yr. $9.5M. 8.1% Cap. Upside potential when 100% leased.

2.     Strip Center in Van Nuys, CA: 13,644 SF well-positioned strip center on .55 ac corner lot in densely populated Los Angeles metro with 700K residents within 3 miles. 92% leased. NOI $504K/yr. $5.8M. 8.7% Cap.

3.     Tire Pros in Chandler, AZ: 6429 SF retail shop built in 2005 on .81 ac lot at high traffic location. 100% NNN leased to a successful chain Tire Pros with 300+ locations. NOI $96K/yr. $1.18M. 9.5% Cap.

4.     Medical Office Building in Sacramento, CA: 75,000 SF Class-A multi-tenant medical office building adjacent to two major hospitals. 95% NNN leased. 8% cap. Price Not Disclosed.

5.     Wendy’s Restaurant in Johnson City, TN: 2,912 SF restaurant on .90 ac lot across from East Tennessee State University and near James H. Quillen VA Medical Center/Johnson City Medical Center. 100% absolute NNN leased till 2019 to an operator with 20 units. NOI $88K/yr. with 7.5% rent bumps every 5-years $1.141M. 7.8% Cap.

6.     Shopping Center in Sterling Heights, MI: 162,448 SF shopping center on 17 acres corner lot.  Anchored by 96,268 SF Kmart in a stable & affluent (AHI $109K/yr in 1 mile) residential area with recently profitable auto industry. 88.47% leased. Current NOI $610K/yr. $6.425M. 9.5% Cap.

7.     Office Building in Orlando, FL: 19,425 SF high-quality recently constructed office building on a corner lot in affluent (AHI $113K/yr within 1-mile) area. 94% leased. NOI $446K/yr. $5.88M. 7.6% cap.

8.     Shopping Center in Rancho Mirage, CA: 31,900 SF shopping center built in 1991 on 2.88 acres lot.  Property with 500 feet frontage on Hwy 111 in affluent Palm Desert metro (AHI $139K/yr in 1 mile).  Adjacent to Rancho Las Palmas Resort & Spa  (recently completed a $35M renovation).  89.03 % NNN leased to 3 tenants. NOI $601K/yr. $7.765M. 7.75% Cap.

9.     Apartments in San Antonio, TX: 112-units brick exterior multifamily complex built in 1973 on 5.80 ac lot. 85% Occupied. NOI $194K/yr. $2.25M. 8.64% Cap.  Just over $20K/unit.

10.  Strip Center in San Diego, CA: 10,100 SF strip center built in 2001 on 2/3 acre lot at a signalized intersection. 86% NNN leased. NOI $248K/yr. $3.5M. 7% Cap.  

© Transmercial 2011.

05-06: O'Reilly Auto Parts, Walgreen's Pharmacy, Medical Building

1.     Shopping Center in Wichita, KS: 20,008 SF shopping center consisting of 2 buildings on 1.89 ac lot near I-35. 100% NNN leased to 12-tenants. NOI $213K/yr. $2.305M. 9.25% Cap.

2.     Medical Office in Charleston, SC: 10,954 SF single-tenant Class-A medical building close to St. Francis Hospital and I-526. NNN leased with 5-years left on lease. NOI $200K/yr. $2.5M. 8% Cap.

3.     O’Reilly Auto Parts in Rapid City, SD: 6989 SF retail building constructed in 2000 in growing middle-class area. 100% absolute NNN lease till 2021with CPI rent increases every 5 yrs. NOI $103K/yr. $1.336M. 7.75% Cap.

4.     Office Building in Pacheco, CA: 20,504 SF 2-story office building completed in 1980 on 1.31 acres lot in middle-class Concord/Pleasant Hill (20 miles NE of San Fran).  70% occupied.  Current NOI $197K/yr.  Price reduced to $2.45M. 8% cap.  Upside potential when 100% leased.

5.     Retail Building in San Diego, CA: 13,120 SF recently renovated multi-tenant retail/office building across from Sail Ho Golf Club in densely populated & high income (AHI $95K/yr) area. 100% leased. NOI $132K/yr. $1.895M. 7% Cap.

6.     Retail Center in Warrenton, MO: 16,200 SF 6-yrs old retail center on 2.81 ac lot with drive-up ATM. Across from Wal-Mart near I-70 about 30 miles West of St. Louis. 100% leased to 7 tenants. NOI $225K/yr. $2.375M. 9.49% Cap.

7.     Walgreen’s in Orlando, FL: 15,930 SF drug store built in 1996 on 1.40 ac lot at hard corner location. 100% NNN leased with 5 yrs left on primary term. NOI $273K/yr. $3.55M. 7.7% Cap.

8.     Medical Building in Winston Salem, NC: 10,248 SF medical building constructed in 2008 at main thoroughfare. 83% NNN leased to an Urgent Care Center and Optician. NOI $161K/yr. $1.6M. 9.6% Cap. Upside potential when 1738 SF unit is leased.

© Transmercial 2011.

05-05: Texas Land & Cattle Steakhouse, Medical Buildings, Shopping Centers

1.     Retail Center in Kansas City, MO: 13,710 SF renovated retail center on 1.26 ac lot.  Close to a 775,000 SF power center anchored by AMC Theatres, Super Target and Dick’s Sporting Goods with excellent ingress/egress. 100% leased to 7-tenants. NOI $244K/yr. $2.420M. 10.09% Cap.

2.     Medical Building in Cedar Hill, TX: 12,560 SF newly constructed medical building in fast growing & affluent Dallas suburbs. 100% NNN leased to Baylor Health Care System and Children’s Medical Center. NOI $208K/yr. $2.950M. 7.07% Cap.

3.     Office Building in Lowell, MA: 57,692 SF Class-A office building on 5.54 ac lot at the entrance to the 800,000 SF Drum Hill Technology Center in Boston metro. 100% NNN leased to Siemens Corporation (S&P A+ credit) till 2017. NOI $472K/yr. $5.9M. 8% Cap.

4.     Texas Land & Cattle Steak House in Killeen, TX: 7470 SF restaurant built in 2006 on 2 acres lot. 15 yrs NNN lease with 12 yrs remaining.  NOI $287K/yr with 2% annual rent bump. $2.612M. 11% cap.

5.     Shopping Center in Coeur d’Alene, ID: 119,736 SF remodeled shopping center on 12.22 acres lot at busy corner location near I-90. Anchored by Big 5 Sports, Big! Lots and Rent-A-Center. NOI $794K/yr. $10.1M. 7.87% Cap.

6.     Strip Center in Lake Saint Louis, MO: 13,600 SF 4-years old strip center on an outparcel to Wal-Mart Supercenter in fast growing & affluent (AHI $109K/yr in 1 mile) St Louis metro. 100% NNN leased.NOI $257K/yr. $3.328M. 7.75% Cap.

7.     Strip Center in Miami, FL: 13,000 SF well-maintained 2-story strip center on .32 ac lot at busy corner location. 90% leased. NOI $84K/yr. $1.2M. 7% Cap.

8.     Condominium Units in Atlanta, GA: 41-units tastefully renovated upscale multifamily complex in high income area. Numerous amenities: pool, clubhouse, workout room and play area. 80% occupied. Unit sizes range from 1094-1892 SF. NOI $319K/yr. $2.6M. 12.30% Cap.

9.     Retail Center in Haltom City, TX: 5967 SF 6-unit retail center built in 2006 with excellent visibility near Hwy-377 in growing Fort Worth suburbs. 90% leased. Pro forma NOI $82K/yr. $1M. 8.29% Cap. 

© Transmercial 20111

05-04: Active Ride Shop, Wendy's Restaurant, Food Lion Center for sale

1.     Strip Center in Pharr, TX: 16,300 SF under construction strip center on 1.49 ac lot close to I-281 in fast growing McAllen suburbs. 85% NNN leased. NOI $306K/yr. $3.4M. 9% Cap. Upside Potential.

2.     Retail Center in Temecula, CA: 7600 SF upscale multi-tenant retail center built in 2000 & adjacent to The Promenade Temecula Mall. 100% NNN leased. NOI $210K/yr. $2.810M. 7.5% Cap.

3.     Active Ride Shop in San Dimas, CA: 6110 SF retail building constructed in 2001 shadow-anchored by Cost Plus. High income ($85K/yr) Los Angeles area along main retail corridor next to Fwy-57. 100% NNN corp lease. NOI $194K/yr. $2.688M. 7.25% Cap.

4.     Strip Center in Parker, CO: 10,010 SF recently constructed strip center on 1.75 ac lot in high growth (65% since 2000), high income ($100+K/yr) Denver suburbs. 88% NNN leased with 1 vacant unit.  NOI $160K/yr. $1.950M. 8.2% cap.

5.     Shopping Center in Oswego, IL: 18,651 SF 4-yrs old shopping center on 2.33 ac lot in Chicago suburbs. Shadow-anchored by Power Center across from Dominick’s Grocery Store and Target. 100% NNN leased. NOI $429K/yr. $4.550M. 9.45% Cap.

6.     Shopping Center in Romeoville, IL: 29,664 SF L-shaped recently constructed shopping center in close proximity to I-55 in Chicago suburbs.  95% NNN leased by national/regional tenants. NOI $532K/yr. $5.825M. 9.14% Cap.

7.     Medical Office in Pomona, CA: 6748 SF single-tenant state-of-the-art ambulatory surgical center on .53 ac lot. Near Pomona Valley Hospital in densely populated Los Angeles metro. 100% NNN leased with 7 yrs remaining. NOI $204K/yr. $2.550M. 8% Cap.

8.     Wendy’s Restaurant in Stockbridge, GA: 3000 SF restaurant on 1.11 ac lot across from Henry Medical Center and next to I-75 exit in fast growing Atlanta suburbs. 20 yrs absolute NNN lease to an operator with 21 locations. Store with strong $1.525M in sales. NOI $129K/yr. plus 3% of sales amount above $1.525M. $1.788M. 7.25% Cap. 

9.     Office Building in Staten Island, NY: 16,875 SF 3-story multi-tenant office building built in 1990 close to I-275/440 in high income area. 100% leased. NOI $77K/yr. $3M. 8% Cap.  Appraised $3.4M in 2010.

10.  Shopping Center in Charlotte, NC: 33,000 SF well-maintained Food Lion supermarket  as the anchored tenant in a shopping center at a corner lot in growing Charlotte. 100% absolute NNN lease with 3 yrs remaining in 5 yrs option.  NOI $98K/yr.  $1.195M. 8.2% cap.

© Transmercial 2011.

05-03: CVS Shopping Center, Medical Office, Strip Centers for sale

1.     CVS Shopping Center in Fairfield, CA: 23,876 SF shopping center shadow-anchored by CVS Pharmacy.  Across from Raley’s Center with excellent visibility from I-80. NOI $296K/yr. $4.072M. 7.28% Cap.

2.     Medical Office Building in Santa Ana, CA: 5,600 SF  medical building close to I-55/Fwy-57 in densely-populated Orange county. 100% leased as a surgical center . NOI $113K/yr. $1.675M. 6.75% Cap.

3.     Strip Center in Carmel, IN: 10,600 SF well-positioned strip center in affluent North Indianapolis suburbs. 100% leased. NOI $292K/yr. $3.480M. 8.4% Cap.

4.     Strip Center in Eden Prairie, MN: 7626 SF newly constructed strip center adjacent to $1.1M SF Eden Prairie Center.  100% occupied with national tenants. NNN leases. NOI $241K/yr. $2.758M. 8.75% Cap.

5.     Office Building in Morgan Hill, CA: 10,500 SF Class-B two-stories beautiful office building on .46 ac lot along main retail corridor. Excellent for owner-user. $1.250M.

6.     Office Building in Las Vegas, NV: 34,456 SF 4-story office building  just blocks from The Strip. 90% leased. 10% Cap. Price not disclosed.

7.     Shopping Center in Island NY: 27,663 SF well-maintained 2-story shopping center on .87 ac lot close to I-440. 98% leased with long term tenants. NOI $119K/yr. $5.8M. 7.7% Cap.     

© Transmercial 2011.