06-15: Big 5 Sports, Krystal, LA Fitness, Napa Auto Parts, Urgent Care Center

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  Each property has a brief description and a flyer (attached).  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please reply and specify the property number.  We may ask you for feedback later for the listing brokers.  If so, please help.

Below are the most commonly used acronyms:

• 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. Big 5 Sport in Parker CO: 11562 SF single-tenant retail center built in 2008 next to Hwy 470 exit in affluent and fast growing Denver suburbs.  100% NNN lease with 6.5 yr left.  NOI $171K/yr with next rent bump in 2013.  $2.2M. 7.8% cap.
2. Retail Building in Roanoke, VA: 7053 SF retail center built in 2011 close to Valley View Mall and I-581. Shadow anchored by a 54,153 SF Kroger supermarket surrounded by 400,000 SF retail spaces. 100% NNN leased. NOI $124K/yr. $1.553M. 8% cap.
3. Retail Center in Costa Mesa, CA: 6735 SF retail center built in 2001 on .54 ac lot at highly visible location in high income coastal city in Southern, CA & near Hwy-55. High barriers to entry area. 100% NNN leased to national, regional and local tenants. NOI $197K/yr. $3.185M. 6.20% cap.
4. Retail Building in Hialeah, FL: 3424 SF newly constructed retail building on .77 ac lot near Palmetto General Hospital and I-75 in North Miami.  Next to Walgreens. 100% NNN corp leased with 6 yrs left to Starbucks and GameStop.  NOI $197K/yr. $2.8M. 7.05% cap.
5. Krystal in Morrow, GA: 2208 SF fast food restaurant on .52 ac lot close to I-75 on ramp in Atlanta metro. 100% absolute NNN corp lease with 17+ yrs left. NOI $66K/yr. with rental increases. $887K. 7.50% cap. 
6. LA Fitness in Phoenix, AZ: 41,000 SF fitness center remodeled in 2011 on 2.53 ac lot next to El Super & 99¢ Only. Across from 900,000 SF Desert Sky Mall. 100% NNN lease with 19 yrs left. NOI $660K/yr. with CPI rent increases in 2016, 2023 and 2028. $9.433M. 7% cap.
7. Retail Center in Cypress, TX: 7200 SF retail center built in 2007 on .88 ac lot anchored by Cy-Fair Urgent Care Center in affluent (AHI $145K/yr) Houston suburbs. 100% NNN leased to 3 tenants. NOI $173K/yr. $2.1M. 8.25% cap.
8. Napa Auto Parts in Marietta, GA: 6000 single tenant auto parts store built in 2009 on .95 ac lot in fast growing and upper-middle class Atlanta suburbs. 15 yrs NNN- lease with 12½ yrs left. NOI $115K/yr. with 5% rent increases every 5 yrs. $1.704M. 6.75% cap.  

© Transmercial 2012

06-14: Walgreen's, Greulich's Automotive, Shoney's Restaurant, Office Building, Retail Centers

1. Walgreens in Mount Prospect, IL: 15,120 SF Walgreens pharmacy built in 1999 on 2.2 ac lot at a hard corner location near Randhurst Shopping Center anchored by Costco, Sports Authority, Bed Bath & Beyond and more. In affluent (AHI $112K/yr) Chicago suburbs. 20 yrs NNN- corp lease with 7 yrs left. NOI $288K/yr. $4.115M. 7% cap.
2. Greulich’s Automotive in Peoria, AZ: 4216 SF auto repair center built in 2003 on .63 ac lot off/on ramp Fwy-101. 100% absolute NNN lease with 7 yrs left to a regional tenant  with 15 stores in AZ. NOI $104K/yr. with 12% rent increases every 5 yrs. $1.351M. 7.75% cap.
3. Shopping Center in Holly Springs, NC: 92,262 SF high quality constructed shopping center built in 2003 on 9+ acres of land in a fast growing and wealthy (AHI $90K/yr. within 1 mile) Raleigh suburbs. Anchored by 45,592 SF Lowe’s Foods Family Dollar store. 98% NNN leased with just 1 vacant unit. NOI $1.301M/yr. $16.75M. 7.77% cap.  
4. Shoney’s in Franklin, TN: 5830 SF restaurant on 1.50 ac lot at main retail corridor in fast growing and prosperous (AHI $106K/yr. within 3 miles) Nashville suburbs. Near Williamson Medical Center and I-65. 20 yrs absolute NNN lease with 14 yrs left. NOI $148K/yr with 6% rent bumps every 4 yrs. $1.85M. 8% cap.
5. Retail Center in Glendale, AZ: 22,280 SF retail center next to Fwy-101 in affluent (AHI $117K/yr.) Phoenix metro. Shadow anchored by Albertson’s and 92% NNN leased. NOI $425K/yr. $5M. 8.50% cap.
6. Office Building in Tampa, FL: 73,000 Class-B office building on 7 ac lot at main corridor close to I-275. 82% leased to multiple tenants. NOI $730K/yr. $7.3M. 10% actual cap. Upside potential.
7. Strip Center in Bothell, WA: 17,682 SF strip center on 1.15 ac lot in fast growing upper-middle Seattle suburbs. 93% leased to regional & national tenants. NOI $392K/yr. $4.4M. 8.92% cap.
8. Retail Center in Arlington, TX: 17,673 SF retail center built in 2006 with good access to Hwy-360 and I-20 in well-off Dallas suburbs. Shadow-anchored by CVS 94% leased. $2.985M.

© Transmercial 2012

06-13: Valvoline, Walgreens, Big 10 Tires, Starbucks, MOB, REO Center

1. Valvoline in San Clemente, CA: 2322 SF auto service  center on .33 ac lot in densely populated coastal resort and next to I-5. Excellent demographic: AHI $125K/yr. within 3 mile). 20 yrs absolute NNN lease with 5+ yrs left. NOI $124K/yr. with rare 15% rent increases every 5-yrs with next rent bump in Nov 2013. $1.843M. 7.75% cap.
2. Strip Center in Milwaukee, WI: 5828 SF under construction strip center on an outparcel to Target and Grocery anchored center. 100% NNN pre-leased to Jimmy Johns, Toppers, T-Mobile and Wisconsin Auto Title Loans, Inc. NOI $188K/yr. $2.351M. 8% cap.
3. Walgreen’s (S&P A+) in Fort Wayne, IN: 15,120 SF drugstore constructed in 2001 on 1.5 ac corner lot. Close to Glenbrook Square Mall and Wal-Mart Supercenter. 20 yrs NNN corp lease with 9 yrs left. NOI $468/yr. $6.038M. 7.75% cap.
4. REO’ed Center in Newnan, GA: 13,192 SF retail center on 1.89 ac lot in fast growing and well-off Atlanta suburbs. All units face Hwy-34. 77% leased. NOI $122K/yr. $1.26M. 9.73% cap.
5. Valvoline in Rockford, IL: 3276 SF single tenant auto center on .49 ac lot in Chicago suburbs. Across from St Anthony Medical Center and along main (35,000 CPD) retail corridor. 100% NNN- lease with 9+ yrs left to strong franchisee with 100+ units. NOI $65K/yr with 3% annual rent increases. $818K.  8% cap.
6. Big 10 Tires in Tuscaloosa, AL: 5721 SF single tenant retail building constructed in 2008 on 1.70 ac lot adjacent to Kmart, close to McFarland Mall and I-59/20. 20 yrs NNN- lease with 16 yrs left. NOI $ 114K/yr. with 10% rent increases every 5 yrs. $1.48M. 7.75% cap.
7. Starbucks Coffee in Haltom City, TX: 1750 SF drive-thru Starbucks Coffee on .51 ac lot along Hwy-377 North of Fort Worth. 100% NNN lease with 7 yrs left. NOI $94K/yr. $1.275M. 7.42% cap.
8. Strip Center in Pomona, CA: 7224 SF well maintained strip center on .52 ac lot at a busy corner location in densely populated LA suburbs. Tenants include: Dental Office, Mexican Restaurant, Beauty Salon, Water Store and Coin Laundry. 100% NNN leased. NOI $127K/yr. $1.89M. 6.75% cap.
9. MOB in Philadelphia, PA: 30,000 SF Class-B medical office  building on .85 ac lot next to Northeast Shopping Center and Hwy-1. 80% leased to multiple tenants. NOI $236K/yr. $2.95M. 8% cap.
10. Retail Center in Friendswood, TX: 14,818 SF retail center built in 2001 on 4.13 acres of land shadow anchored by Kroger. In affluent (AHI $107K/yr. within 1 mile) Houston suburbs. 100% leased. NOI $326K/yr. $4.357M. 7.50% cap. 

© Transmercial 2012

06-12: Towne Plaza, MOB, Mixed Use, Shopping Centers

• 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. Towne Plaza in League City, TX: 98,505 SF shopping center on 14.505 acres of land at corner location of FM-518 and Hwy-3 in Houston suburbs.  Renovated in 1992 & 2008. Anchored by a 25,258 SF Palais Royal, 16,500 SF Goodwill and 10,050 SF Family Dollar.  84% leased. NOI $576K/yr. $6.6M. 8.75% cap.
2. Shopping Center in Dallas, TX: 52,688 SF shopping center renovated in 2008-2011 on nearly 5 ac lot. 100% NNN leased to 3 national tenants: City Trends, dd’s Discounts and Save-A-Lot. NOI $312K/yr. $3.91M. 8% cap.
3. Shopping Center in Santa Clarita, CA: 53,692 SF shopping center built in 2001 on 5.91 acres of land at a busy signalized intersection in Southern CA. 97% NNN leased to 15 tenants. NOI $850K/yr. $10.5M. 8.10% cap.
4. Retail Center in Omaha, NE: 11,250 SF recently renovated retail center on .80 ac lot across from Bag ‘N Save grocery and near I-80. 100% NNN leased. NOI $102K/yr. $1.247M. 8.25% cap.
5. Office/Retail in Charlotte, NC: 21,421 SF mixed-use high-quality constructed center in growing & prosperous (AHI $137K/yr. in 3 mile) neighborhood. 100% leased. NOI $420K/yr. $5.050M. 8.32% cap.
6. MOB in Kennewick, WA: 5820 SF Class-A medical office building across from Cancer center and near KGH Medial Mall. 100% NNN lease. NOI $104K/yr. $1.325M. 7.90% cap.
7. Office Building in Las Vegas, NV: 10,300 SF Class-B office building constructed in 2009 close to Las Vegas Outlet Center and I-215/15. 90% NNN leased to credit tenants. NOI $150K/yr. $1.5M. 10% cap.
8. Office Building in Bolingbrook, IL: 21,000 SF well maintained office building on 1.38 ac lot at busy corridor and next to I-355.  In growing & upper middle-class Chicago suburbs. 85% leased. NOI $297K/yr. $3.5M. 8.50% cap.

© Transmercial 2012

06-11: KFC, Goodyear, Staples, Kohl's, Dollar General, Taco Bueno, Castrol Oil Change, CBA

1. KFC in Alliance, OH: 2701 SF KFC restaurant on 1.17 ac lot along main thoroughfare and close to Alliance Community Hospital in Akron/Canton metro. 100% absolute NNN lease with 19+ yrs left to an operator with 76 units. NOI $75K/yr. with 1.5% annual rent bumps from 2013-2017 and 10% every 5 yrs thereafter. $970K. 7.73% cap.
2. Goodyear in Plano, TX: 6864 SF Goodyear auto center built in 2003 on .80 ac lot next to Hwy-121. In fast growing (300% pop growth since 2000) & prosperous (AHI $117K/yr. in 3 mile) Dallas metro. 100% NNN- corp lease with 6 yrs left. NOI $126K/yr. $1.575M. 8% cap.
3. Staples in Ukiah, CA: 24,174 SF single retail building constructed in 1997 on 2.18 ac lot next to Hwy-101 in Northern CA. Neighboring big-box retailers include: FoodMax,  Michaels, and Wal-Mart. Approved Costco on adjacent site. 100% NNN lease with 5 yrs left. NOI $319K/yr. market rent. $4.265M. 7.50% cap.
4. Kohl’s in Sanford, FL: 104,000 SF Kohl’s department store close to Seminole Towne Center and on/off ramp of I-4 in Orlando suburbs. 20 yrs absolute NNN corp ground lease with 15 yrs left. NOI $870K/yr. $11.68M. 7.40% cap.
5. Office Building in North Highland, CA: 27,664 SF two-story Class-B office building constructed in 2002 on 1.80 ac lot close to I-80 in Sacramento area.. 96% leased to Federal Government, American Diabetes Association, Quest Discovery Service and Crossroads Treatment Center. NOI $280K/yr. $3.4M. 8.25% cap.
6. Dollar General in Lithia Springs, GA: 9026 SF brand new all brick retail building on 1.53 ac lot near I-20 in fast growing Atlanta suburbs. New 15 yrs NNN lease. NOI $104K/yr. $1.396M. 7.50% cap.
7. Taco Bueno in Tyler, TX: 3000 SF drive-thru restaurant on .90 ac lot along Loop-323 and close to Tyler Junior College and Mother Frances Hospital. New 15 yrs absolute NNN lease. NOI $105K/yr. with 5% rent increases every 5 yrs. $1.44M. 7.50% cap.
8. Castrol Oil Change in Bakersfield, CA: 2936 SF Castrol Oil Change built in 2009 on .75 ac outparcel to Lowe’s and Foods Co. Close to East Hills Mall and Hwy-178. 15 yrs absolute NNN lease with 12 yrs left to strong operator with 40 units. NOI $96K/yr. with 12.5% rent increase every 5 yrs. $1.297M. 7.40% cap.
9. Christian Brothers Automotive in Madison, AL: 4921 SF newly constructed automotive center on .98 ac lot in fast growing and affluent (AHI $104K/yr. within 3 miles) Huntsville suburbs. 20 yrs absolute NNN  corp lease. NOI $164K/yr. with 1½% annual rent increases. $2.117M. 7.75% cap.

© Transmercial 2012

06-08: Walgreen's, REO's, Valvoline, Round Table Pizza, Rite Aid

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  Each property has a brief description and a flyer (attached).  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please reply and specify the property number.  We may ask you for feedback later for the listing brokers.  If so, please help.

Below are the most commonly used acronyms:

• 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. Walgreens (S&P A) in Jacksonville, FL: 15,070 SF Walgreens built in 1999 on 1.72 ac lot at a signalized intersection close to Jacksonville University. 100% NNN- leased with 7 yrs left. NOI $302K/yr. Price reduced to $3.595M. 8.40% cap.
2. Retail Center in Rockford, IL: 9000 SF high quality constructed retail center built in 2008 on 1+ ac pad site in front of Wal-Mart.  100% NNN leased by 2 tenants: Kochi Japan and Aspen Dental.  NOI $227K/yr. $2.65M. 8.60% cap.
3. REO’ed in Houston, TX: 92,749 SF shopping center built in 2004 on 7.34 acres of land in high income area close to Memorial Hermann Katy Hospital and I-10 exit. 94% NNN leased. NOI $812K/yr. $8.128M. 10% cap.
4. Walgreens in Fresno, CA: 15,120 SF drive-thru Walgreen’s on 1.35 ac lot at a signalized intersection & across from Save Mart Grocery. Near to Kaiser Permanente Fresno Medical Center, Fresno Heart & Surgical Hospital and hwy-41. 100% NNN lease with 9 yrs left. NOI $359K/yr with rare rent increases. $5.536M. 6.50% cap.
5. REO’ed Strip Center in Snellville, GA: 14,450 SF strip center built in 2006 on 1.32 ac lot in fast growing area in high income Atlanta suburbs. At a hard corner signalized intersection and along Hwy-124. Tenant include: Pizza Hut, Golden Krust, Nail Shop, AC Jewelers, Tax office, Nationwide, Sleek Styles and Minutement Press.  78% leased. NOI $181K/yr. $1.89M. 9.58% cap.
6. Valvoline in Costa Mesa, CA: 1189 SF 3-bay Valvoline Instant Oil Change, auto service center built in 1996 on .33 ac lot at signalized corner in high income coastal city in Southern, CA. High barriers to entry area. 100% absolute NNN ground lease with 4 yrs left to strong franchisee with 196 units. NOI $117K/yr.  $1.575M. 7.47% cap.
7. Round Table Pizza in Redding, CA: 2800 SF freestanding retail building on .60 ac lot across from Raley’s anchored center. 100% NNN leased with 7 yrs left. NOI $59K/yr. $827K. 7.25% cap.
8. Rite Aid in Ramona, CA: 20,127 SF Rite Aid Pharmacy on 2.30 ac lot next to Stater Bros Grocery  in San Diego County. 100% NNN long lease. NOI $361K/yr. $4.33M. 8.34% cap.
9. Strip Center in Inglewood, CA: 5416 SF strip center on .18 ac lot in densely populated city (788K people in 5 miles radius) in Los Angeles with easy access to I-405. NNN leased. NOI $111K/yr. $1.549M. 7.20% cap.

© Transmercial 2012