08-13: REO'ed Center, MOB, Shopping Centers, Retail Centers

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. Retail Center in Brown Deer, WI: 16,412 SF retail center consisting of two buildings constructed in 2007 on 1+ ac lot at a signalized corner location in fast growing Milwaukee suburbs. Tenants include: Barber, Zimmeman Printing, State Farm, Snap Fitness, The Beanery, Forward Dental, Shops on Sherman and Papa Johns Pizza. 100% NNN leased. NOI $189K/yr. $2.2M. $8.62% cap.
2. Office Building in Stone Mountain, GA: 6792 SF office building renovated in 2009 on .75 ac lot close to Hwy-10/78 in Atlanta metro. 100% NNN leased to long term tenants. NOI $77K/yr. $920K. 8.46% cap.
3. REO’ed Shopping Center in McDonough, GA: 19,200 bank-owned high quality constructed shopping center built in 2007 on Hwy-155 & close to I-75 in fast growing (172.73% pop growth since 2000) Atlanta metro. 75% leased. NOI $170K/yr. $1.5M. 11.36% proforma cap.
4. Strip Center in Kissimmee, FL: 7,700 SF strip center outparcel to shopping center and next to Valencia Community College in Orlando suburbs. All units are facing Hwy-192. 100% leased. NOI $81K/yr. $900K. 9% cap.
5. MOB in Half Moon Bay, CA: 15,335 SF 2-story medical office building in an affluent coastal town (AHI over $133K/yr) South of San Fran. Tenant is making $1M in improvements. 100% leased to the County of San Mateo with 9+ yrs left. 4% annual rent increases. $6.45M. NOI/Cap not provided.
6. Retail Center in Phoenix, AZ: 7534 SF retail center built in 2005 on 1 ac lot shadow-anchored by Walgreen’s and Auto Zone. 100% NNN leased. NOI $162K/yr. $1.599M. 10.19% cap.
7. Shopping Center in Lawrenceville, NJ: 28,964 SF shopping center on 1.76 ac lot at high traffic location in affluent Philadelphia suburbs with an AHI of $96K/yr within 1 mile. Close to I-95/295 and the New Jersey Turnpike. 85% NNN leased. NOI $276K/yr. $3.455M. 8.01% cap.
8. Shopping Center in Mesa, AZ: 55,076 SF shopping center remodeled in 2010 on 5.17 acres of land in Phoenix metro. Near Superstition Springs Center and Hwy-60. 100% leased to two tenants: Goodwill and 99 Cents Only.  NOI $429K/yr. $5.37M. 8% cap.

08-10: Wild Burger Grille, Del Taco, Pep Boys, Arby's, Wendy's

1. Wild Burger Grille in Lubbock, TX: 3349 SF Wild Burger Grille on .70 ac outparcel to Asian Food Market and Family Dollar. Next to Market Street United Grocery and across from CVS Pharmacy. New 15 yrs NNN lease. NOI $111K/yr with 3% annual rent increases. $1.39M, 8% cap. (Flyer not available, full brochure upon request).
2. Del Taco in Burleson, TX: 2469 SF brand new Del Taco restaurant on .59 ac lot at Hyw-174 in fast growing and high income Fort Worth suburbs. Close to Wal-Mart Supercenter, Target, Home Depot and HEB Grocer. 15 yrs absolute NNN lease to strong franchisee with 350+ units. NOI $125K/yr with 10% rent increases every 5 yrs. $1.852M. 6.75% cap.
3. Pep Boys in Redlands, CA: 22,290 SF auto center built in 1994 on 2+ ac lot at major retail corridor in San Bernardino county. Across from Kmart and Lowe’s. Close to Citrus Plaza anchored by DSW, Target, Kohl’s, Michaels and Bed Bath and Beyond and near I-10. 100% absolute NNN lease with 10+ yrs left. NOI $380K/yr with 1.5% annual rent increases. $5.241M. 7.25% cap.
4. MOB in Sugar Land, TX: 9519 SF Class-A multi-tenant office building developed in 2005 on .96 ac lot in wealthy (AHI $101K/yr) Houston metro. Tenant include: Fort Bend Neurology, Dr. Mehdi Muhammad, M.D. Houston Spine & Rehab and Upright MRI of Sugarland.  Close to 187-bed Methodist Sugar Land Hospital, First Colony Mall and Fwy-59. 100% leased. NOI $191K/yr. $2.425M. 7.90% cap.
5. Arby’s & Wendy’s in Lake Saint Louis, MO: Arby’s built in 2009 & Wendy’s built in 2008 in fast growing (73%) and affluent (AHI $122K/yr within 1 mile) St Louis. Across from The Shoppes at Hawk Ridge anchored by Wal-Mart Supercenter, Sports Authority and Lowe’s and on/off ramp I-64. 100% NNN ground leases (land is for sale, tenants own the buildings). NOI $125K/yr. $1.725M. 7.25% cap.

© Transmercial 2012

08-09: O'Reilly, Arby's, Taco Bell, MOB's

1. O’Reilly in Daily City, CA: 4,200 SF auto parts store on .27 ac corner lot close to I-280 in high income city in South of San Francisco (AHI $93K/yr in 3 miles radius). 10yrs NNN lease with 7+ yrs left. NOI $89K/yr with a 13.8% rent increase in 2014. $1.56M. 5.75% cap.
2. MOB in Norfolk, VA: 12,731 SF two-story medical office building in high income area. 75% of property recently renovated. Close to Sentara Norfolk General Hospital, a level-1 Trauma Center. 100% leased to two long term tenants. NOI $189K/yr. $2.295M. 8.25% cap. 
3. Retail Center in Pomona, CA: 7224 SF well maintained retail center on .52 ac lot at a busy corner location in densely populated LA suburbs. Tenants include: Coin Laundry, Water Store, Beauty Salon, Mexican Restaurant and Dental Office. 100% NNN leased. NOI $124K/yr. $1.85M. 6.71% cap.
4. Arby’s in Norcross, GA: 3381 SF Arby’s Restaurant on .75 ac lot on/off ramp I-85 and across from Lowe’s in fast growing Atlanta suburbs. 20 yrs absolute NNN lease with 8+ yrs left. NOI $152K/yr with rent increases every 2 yrs. $1.961M. 7.75% cap.
5. Taco Bell in Mobile, AL: 2755 SF newly constructed drive-thru fast food restaurant on 1+ ac lot at main retail corridor in growing area. Near Springhill Medical Center, Springdale Mall, Bel Air Mall and I-65. 20 yrs NNN lease with 18+ yrs left to a strong operator with 188 units. NOI $166K/yr with 1% annual rent increases. $2.3M. 7.25% cap.
6. MOB/Office Building in Livonia, MI: 15,700 SF consisting of two Class-B buildings on 5 acres of land in high income Detroit suburbs. Close to I-96/275.  100% NNN leased to Botsford Hospital and The University of Michigan. NOI $204K/yr. $2.156M. 9.50% cap.
7. MOB’s in Miami, FL: 18,026 SF MOB consisting of three medical office buildings across from 650-bed Baptist Hospital of Miami. Affluent area with AHI of $97K/yr in 1 mile. 100% leased. $5.45M. NOI/Cap not provided.
8. MOB in Keller, TX: 4250 SF attractive medical building constructed in 2006 on .56 ac lot at main thoroughfare in booming (46.55% pop growth since 2000) and affluent (AHI $121K/yr within 3 miles radius) Fort Worth suburbs. 100% leased. Price/NOI/Cap not provided.

© Transmercial 2012

08-08: Burger King, Discount Tire, Jiffy Lube, KFC, MOB

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. Burger King in Auburn, WA: 3885 SF well maintained fast food restaurant built in 1994 on 1+ ac outparcel to Supermall of the Great Northwest and on/off ramp of Hwy-167 in Seattle metro. 100% NNN lease with 4 yrs left. NOI $84K/yr. $1.215M. 6.91% cap.
2. Shopping Center in Strongsville, OH: 31,100 SF high quality constructed shopping center built in 2000 and anchored by a free standing Walgreens built in 2008.Hard corner location in high income (AHI $98K/yr) Cleveland suburbs. 93% leased. NOI $397K/yr. $4.735M. 8.40% cap.
3. Discount Tire in Henderson, NV: 7000 SF car care center built in 2009 on .80 ac outparcel to 700,000 SF Power Center anchored by Target, TJ Maxx, Ross Dress For Less, PetSmart and Staples. Close to I-215/I515 in growing Las Vegas suburbs. 20 yrs absolute NNN ground lease with 17+ yrs left. NOI $90K/yr with 5% rent bumps every 5 yrs. $1.5M. 6% cap.
4. Jiffy Lube in Westerville, OH: 2500 SF auto center built in 2002 on .65 ac lot in a prime commercial corridor in a fast growing (105%) and well off (AHI $92K/yr within 3 mile radius) Columbus metro. Close to Polaris Fashion Mall and I-71. 100% absolute NNN lease with 12 yrs left to a strong franchisee with 515+ units. NOI $90K/yr with 10% rent increases every 5 yrs. $1.204M. 7.50% cap.
5. Fresenius in Olympia Fields, IL: 11925 SF dialysis center built in 2005 on over 1 acre lot on a major artery in the suburb of Chicago.  High income area.  100% NNN corp lease with 9 yrs left. NOI $225K/year with 3% rent increases every 2 yrs.  $2.916M. 7.75% cap.
6. Retail Center in Batavia, IL: 11,456 SF retail center built in 2005 on 1.16 ac outparcel to Target and Jewel Foods on a prime commercial corridor in Chicago high income (AHI $112K/yr) suburbs. 100% NNN leased to national/regional tenants. NOI $269K/yr. $3.517M. 7.65% cap.
7. KFC in Roswell, GA: 3972 SF KFC well maintained restaurant on .96 ac lot across from Roswell Town Center in fast growing Atlanta suburbs. New 20 yrs absolute NNN lease. NOI $58K/yr with 10% rent increases every 5 yrs. $860K. 6.75% cap.
8. Neighborhood Center in Tulsa, OK: 53,994 SF attractive neighborhood center on 5+ ac lot anchored by O’Reilly and All America Fitness at a hard corner location near Hwy-169. 97% leased to national & regional tenants. NOI $393K/yr. $6.035M. 9.48% cap.
9. MOB in Pomona, CA: 5773 SF medical building on .61 ac corner lot in densely populated Los Angeles area. Close to Pomona Valley Hospital Medical Center and I-10. 100% leased. This is a sale & lease back investments so lease terms are negotiable. NOI $69K/yr. $899K. 7.70% cap.

© Transmercial 2012