Tuesday, July 31, 2012

07-17: Chili's, Jack in the Box, Walgreens, AAA, MOB, Dollar General


  1. Chili’s Grill & Bar in Shawnee, KS: 5642 SF family sit down restaurant built in 2003 on nearly 2 ac lot in high income area in Kansas City metro. Next to busy corridor & near The Home Depot, Target, Lowes and Wal-Mart. New 20 yrs absolute NNN lease to strong operator with 23 units.  Strong store’s sales revenue of $2.4M. NOI $180K/yr with 10% rent bumps every 5 yrs. $2.4M. 7.5% cap.
  2. Jack in the Box in Garland, TX: 2421 SF drive thru fast food restaurant built in 1997 on .78 ac lot next to I-30 in Dallas suburbs. Visible from I-30. 100% absolute NNN corp lease with 3 yrs left. NOI $120K/yr. $1.65M. 7.30% cap.
  3. Walgreen’s in Las Vegas, NV: 15,120 SF Walgreens built in 2001 on 2+ ac lot next to Wal-Mart along main retail corridor. West of Sunrise Plaza: a 91,500 SF anchored center. 20 yr NNN- corp lease with 8+ yrs left. NOI $322K/yr. $4.35M. 7.40% cap.
  4. Walgreen’s in Madison, WI: 13,500 SF pharmacy built in 1995 on 1.50 ac lot in a stable upper middle class state capital city. Close to Hwy-12. 100% NNN lease with 2 yrs left. NOI $189K/yr. $2.1M. 9.03% cap.
  5. Retail Center in Corinth, TX: 13,906 SF newly constructed retail center on 1.74 ac lot off I-35E in Dallas metro. Anchored by 8986 SF Liberty Dialysis (owned by Fresenius) with a 10-yrs lease. Across from Atrium Medical Center and Corinth City Hall. 100% NNN leased to 4 tenants. NOI $260K/yr. $2.899M. 9% cap.
  6. Shopping Center in Bermuda Dunes, CA: 51,572 SF high quality constructed shopping center built in 2001 on 5+ acres lot anchored by Ralph’s, Walgreens, TJ Maxx and Home Goods. In high income (AHI $104K/yr within 3 miles) Palm Springs suburbs. 97% leased. NOI $707K/yr. $10.112M. 7% cap.
  7. MOB in Broker Arrow, OK: 36,218 SF Class-A two-story medical buildings on 2+ ac lot in affluent Tulsa suburbs with AHI of $125K/yr in 1 mile. Close to St Francis Hospital-South, Southcrest Hospital and Hwy-169. 53% leased. NOI $250K/yr. $2.3M. 10.87% cap. Strong upside potential when fully leased.
  8. AAA Car care center in Greensboro, NC: 7585 SF Car care center on 1.25 ac lot in commercial corridor in high income area. 10 yrs NNN lease with 5 yrs left. NOI $133K/yr. with 3.7% rent bump in 2013. $1.6M. 8.34% cap.
  9. Shopping Center in North Richland Hills, TX: 22,278 SF attractive shopping center built in 2006 on 3.64 ac lot at highly visible location. In prosperous (AHI $165K/yr) Dallas/Fort Worth metro. 60% NNN leased. NOI $220K/yr. $2.75M. 8% cap. Upside potential.
  10. Dollar General in Tempe, TX: 9100 SF under construction Family Dollar store near I-35. Store will open 9/2012. 15 yrs absolute NNN corp lease. NOI $80K/yr with 3% rent increase in yr 11. $1.071M. 7.50% Cap.  

© Transmercial 2012

Monday, July 30, 2012

07-16: Walgreens, Lone Star Steakhouse, Checkers, MOB, Arbys, Apartments



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 in Hayward, CA: 15,120 SF Walgreens built in 2000 on 1.55 ac corner lot in San Francisco Bay Area.  25 yrs NNN lease till 2025.  NOI $425K/yr with rare 10% rent bump during option period.  $7.083M. 6% cap. 
  2. Lone Star Steakhouse in Rockford, IL: 6397 SF Lone Star steakhouse on .92 ac outparcel to Target and Hobby Lobby on a dominant retail corridor in high income area.  Property remodeled in 2008. 100% absolute NNN leased till 2012.  NOI $204K/yr with 2% annual rent bumps.  $2.146M. 9.5% cap. 
  3. Apartments in Santa Clara, CA: 6-unit apartments in high income (AHI $104K/yr in 1 mile) in Silicon Valley with high demand for rentals.  Various renovation in the last 2 yrs.  Annual gross rent $103K/yr. $1.2M. 
  4. Shopping Plaza in Renton, WA: 98,598 SF shopping center on 8 acres corner in high income (AHI 84K/yr) Seattle metro where Boeing 787’s are built. 100% NNN leased to 4 national tenants: Albertsons (on ground lease with tenant owns its building), Planet Fitness, Ace Hardware, and Big Lots.  NOI $647K/yr.  $8.9M. 7.3% cap. 
  5. Checkers Drive In Restaurant in New Port Richie, FL: 683 S restaurant with  double drive-thru on 2/3 ac lot in Tampa metro.  100% NNN corp lease with 14 yrs left. NOI $91K/yr with 1.5% annual rent bumps. $1.331M. 6.85% cap. 
  6. Neighborhood Center in Tulsa, OK: 54,768 SF center built in 2000 on 5.5 acres lot in high income area (AHI $74K/yr in 1 mile).  94% leased with good tenants including Jo-Ann Fabric, Famous Footwear, Vintage Stock, H&R Block, Scottrade, Jenny Craig, and Supercuts.  NOI $597K/yr. $6.5M. 9.2% cap. 
  7. Medical Office Building in University Heights, OH: 36,356 SF 3-story medical office building on over 2 acres lot in upper middle class Cleveland suburbs.  92% NNN leased to 20 mostly medical tenants.  NOI $375K/yr. $3.6M. 10.44% cap. 
  8. Shopping Center in Oklahoma, OK: 66,805 SF shopping center on 9.5 acres lot adjacent to 130-tenant 1.128 Million SF Quails Spring Mall. Anchored by 48,000 SF Gold’s Gym.  Directly next to Best Buy, across from a Walmart and Sam's Club. 100% leased to 5 tenants.  NOI $790K/yr. $9.3M. 8.5% cap. 
  9. Arbys in Lubbock, TX: 3035 SF restaurant on .69 ac lot.  100% NNN lease with 9 yrs left to an operator with 42 units in 45 states.  Tenant has been here since 1997.  NOI 60K/yr.  Only $780K. 7.69% cap.

© Transmercial 2012.

Friday, July 27, 2012

07-13: Food 4 Less, Sherwin Williams, Jiffy Lube, MOB, Office Building


  1. Food 4 Less in Henderson, NV: 43,114 SF Food 4 Less grocery store built in 1991 on 3.91 ac lot at high traffic location in high income Las Vegas neighborhood. 100% NNN leased with 8+ yrs left. NOI $500K/yr. $5.53M. 9.05% cap.
  2. Sherwin Williams in Rochester Hills, MI: 4005 SF brand new built-to-suit retail building condo in affluent Detroit suburbs. 10 yr NNN- corp lease to Sherwin Williams Paint (S&P A). NOI $96K/yr with 10% rent increases every 5 yrs. $1.324M. 7.25% cap.
  3. Retail Building in Grosse Pointe Woods, MI: 7657 SF renovated in 2006 on .19 ac lot in high income Detroit metro. Next to St John Hospital & Medical Center. 100% leased to Men’s Wearhouse and Papa Romano’s. NOI $73K/yr. $861K. 8.50% cap.
  4. Jiffy Lube in Glen Allen, VA: 5885 SF Jiffy Lube built in 1995 on .56 ac outparcel Wal-Mart Supercenter and Short Pump Town Center and close to I-64 in growing Richmond metro with AHI of $110K/yr. 100% NNN lease to strong operator with 165 units with 10+ yrs left. NOI $106K/yr. $1.5M. 7.12% cap.
  5. Shopping Center in Dublin, OH: 22,140 SF shopping center built in 2008 on nearly 3 acres outparcel to Mall at Tuttle Crossings and next to I-270. Strong national and local tenant including: Mattress Firm, Noodles & Company, Don Patron Mexican Restaurant, Artemis Laser & Vein Center, Ronin Asian Bistro and Nail Spree Salon.100% NNN leased. NOI $659K/yr. $6.8M. 9.70% cap.
  6. Retail Center in Yuba City, CA: 19,099 SF retail center built in 1997 on 2+ ac lot about 30 min North of Sacramento. Shadow anchored by Home Depot and Wal-Mart Supercenter. Tenants include: Chase, Sports Clips, Financial Office, Affordable Dentures, FedEx Kinko’s, VN Nails, Dollar Store & AT&T. 93% NNN leased with only one vacant unit. NOI $556K/yr. $7.515M. 7.40% cap.
  7. MOB in Medford, OR: 7200 SF Class-A two-story single-tenant medical office building constructed in 2006 on .23 ac lot in a stable city just a few blocks from 378-bed Rogue Valley medical Center. 100% absolute NNN lease to multi-specialty medical practice. NOI $162K/yr. $1.91M. 8.50% cap.
  8. Office Building in Southlake, TX: 16,975 SF high quality construction office building completed in 1999 on 1.97 ac lot across Gateway Plaza. In growing and affluent (AHI $132K/yr in 3 miles) Dallas metro. Close to Baylor Regional Med Center-Grapevine and Hwy-114. 80% NNN leased. NOI $220K/yr. $2.2M.10% cap.
  9. Office Building in Huntington Beach, CA: 10,407 SF Class-B two story office building on .55 ac lot anchored by 4,830 SF DaVita Dialysis in affluent coastal town (AHI $126K/yr within 3 miles). 88% leased. NOI $92K/yr. $1.3M. 7.10% cap. Upside potential.

© Transmercial 2012

Thursday, July 26, 2012

07-12: Walgreen's, Wendy's, Pizza Hut, Pep Boys, 24 Hour Fitness


  1. Walgreens in Baytown, TX: 13.905 SF Walgreens built in 1999 on 1.50 ac lot off of Fwy-201 in Houston suburbs. Close to Baytown Medical Center, Jacinto Medical Group, Baytown Urgent Care and San Jacinto Methodist Hospital. 20 yrs NNN- lease with 8 yrs left. NOI $259K/yr. $3.463M. 7.50% cap.
  2. Wendy’s in Maumee, OH: 2,841 SF Wendy’s restaurant built in 1993 at a signalized corner location and next to I-475 exit and near I-80. In growing upper middle-class (AHI $80K/yr) Toledo suburbs. 100% NNN lease with 13+ yrs left to a strong operator with 329 units in 20 states. NOI $114K/yr. $1.524M. 7.25% cap.
  3. Walgreens in Glen Burnie, MD: 13,650 SF Walgreens pharmacy built in 2004 on 2+ ac lot in high income Baltimore suburbs. Across Marley Station Mall anchored by Macy’s, JCPenney and Sears. 25 yrs absolute NNN lease with 17 yrs left. NOI $395K/yr. $6.3M. 6.27% cap. 
  4. Pizza Hut in Burlington, NC: 1,459 SF delivery/carry–out Pizza Hut in densely retail corridor near Lowe’s, Sears, Harris Teeter, TJMaxx and Office Depot. 10 yrs absolute NNN lease to strong operator with 21 units.  NOI $58K/yr with 5% rent increases every 5 yrs. $727K. 8% cap.
  5. Pep Boys Auto in Acworth, GA: brand new 14,380 SF auto parts and service center on 1.64 ac outparcel to Wal-Mart Supercenter in fast growing and high income Atlanta metro. 15 yrs NNN- lease. NOI $257K/yr with 8% rent bumps every 5 yrs. $3.526M. 7.30% cap.
  6. Office Building in Elgin, IL: 20,000 SF well maintained office building on 1.62 ac lot next to Provena St Joseph Hospital in Chicago suburbs. 85% leased. $1.795M. NOI/Cap not provided.
  7. Retail Center in Fremont, CA: 14,818 SF retail center built in 2001 on 1.32 ac lot in affluent San Jose suburbs (AHI $110K/yr in 1 mile). Across from The Home Depot. Close to Tesla Factory and easy access to I-880 and I-680. 92% NNN leased to national/local tenants. NOI $472K/yr. $7.25M. 6.52% cap.
  8. 24 Hour Fitness in Pearland, TX: 39,700 SF recently expanded fitness center on 4 ac lot at main retail corridor in fast growing (122.45% from 2000-2011) and affluent (AHI $140K/yr) Houston suburbs. Near Pearland Town Center and Fwy-288. New 20 yr NNN lease. NOI $942K/yr with 10% rent increases every 5 yrs. $11.095M. 8.50% cap.
© Transmercial 2012

Wednesday, July 25, 2012

07-11: Burger King, Walgreens, CVS, Meineke, Famous Dave's, DaVita, Baylor Medical


  1. Burger King in Winter Haven, FL: 2618 SF fast food restaurant built in 2008 on 1 ac outparcel to a shopping center near Wal-Mart Supercenter.  10 yrs absolute NNN corp ground lease with 6+ yrs left (land is for sale).  Growing middle-class city in Orlando suburbs. NOI $85K/yr with 10% rent bumps every 5 yrs.  $1.36M. 6.5% cap.
  2. Walgreens in San Francisco, CA: 13,390 SF Walgreens built in 1999 on .79 ac busy corner lot close to Hwy-101/I-280 in affluent Mariana district (AHI $103K/yr in 3 miles). 100% NNN lease with 7½ yrs left. NOI $418K/yr. $7.25M. 5.77% cap.
  3. CVS in Port Richey, FL: 11,200 SF CVS Pharmacy built in 1999 on 1.24 ac lot along US Hwy-19 in Tampa metro. 20 yrs lease with 7 yrs remaining. NOI $335/yr. $4.475M. 7.50% cap.
  4. Walgreens in Reynoldsburg, OH: 15,120 SF pharmacy built in 2000 on nearly 2 ac lot at a hard corner location near Mount Carmel East Hospital & I-270 in Columbus suburbs. 20 yrs NNN corp lease with 8 yrs left. NOI $429K/yr. $5.047M. 8.5% cap.
  5. Shopping Center in National City, CA: 25,958 SF well maintained shopping center on 2+ ac lot at a hard corner location and close to I-805. In densely populated (500,000 residents within 5 miles) San Diego metro. 93% leased to stable tenants. NOI $394K/yr. $5.25M. 7.51% cap.
  6. Retail Center in San Diego, CA: 8158 SF retail center on .62 ac lot anchored by Frazee Paint adjacent to remodeled power center. Across from Valley View Casino Center. NNN leased to multiple tenants. NOI $162K/yr. $2.2M. 7.40% cap.
  7. Meineke Auto Center in Peabody, MA: 6943 SF auto center on .64 ac lot next at busy corridor and next to I-95 in high income Boston suburbs. 100% NNN leased with 3 yrs left. NOI $130K/yr. $1.65M. 8% cap.
  8. MOB in Dallas, TX: 5945 SF Class-A medical building constructed in 2003 on .54 ac lot near I-45/I-30. 100% leased to Baylor Medical. NOI $128K/yr. $1.6M. 8% cap.
  9. Famous Dave’s in Palmdale, CA: 6600 SF Famous Dave’s BBQ Restaurant on 1.31 acres lot across from 1M SF 140-store Antelope Valley Mall.  100% NNN lease with 10 yrs left. NOI $192K/yr. $2.9M. 6.65% cap.
  10. DaVita Dialysis Center in Los Banos, CA: 10,154 SF Class-A medical office condo in San Joaquin valley. New 10 yrs NNN corp lease. NOI $59K/yr. with 1.5%-2% annual rent bumps.  $995K. 6% cap.

© Transmercial 2012

Tuesday, July 24, 2012

07-10: Business Center, Shopping Centers, Retail Centers


Please click here for the revised article “Sale & Leaseback: What Investors Should Know

  1. Business Center in Columbus, OH: 99553 SF Class A business center built in 1998 close to I-270. Tenants include: 17,804 SF Ohio State University Physicians, Pediatric Physicians, 19,355 SF Open Text and 33,528 SF Verizon Wireless. 85% NNN leased to 6 tenants with only 2 vacant units. NOI $942K/yr. $10M. 9.43% cap.
  2. Shopping Center in Delaware, OH: 33,625 SF shopping center built in 2001 on 7+ ac lot in growing Columbus metro. Shadow-anchored by recently expanded 81,052 SF Kroger grocery. 100% NNN lease. NOI $397K/yr. $4.865M. 8.7% cap.
  3. Shopping Center in Colorado Springs, CO: 20,020 SF shopping center built in 1997 along busy thoroughfare. Major tenants include Great China Buffet (5,000 SF), Rent to Own (3,700 SF), La Sinaloense Bakery (1,680 SF), and Adonai Beauty Salon and Fashions (1,680 SF). 95% leased to 11 tenants. NOI $ 195K/yr. 9.79% cap.
  4. Strip Center in North Miami, FL: 14,000 SF strip center on .70 ac lot at a major commercial corridor and next to I-95. 100% NNN lease to 9 stable/long term tenants. NOI $158K/yr. $1.899M. 8.34% cap.
  5. Retail Center in Rosedale, NY: 6750 SF multi-tenant retail center built in 2005 on .21 ac lot across from Lowe’s, Big K-mart and TJ-Max anchored center in affluent (AHI $141K/yr in 1 mile) New York suburbs. 100% leased. NOI $167K/yr. $2.385M. 7% cap.
© Transmercial 2012