11-16: Chuck E Cheese, Wendys, Walmart, Sweet Tomatoes, Walgreens

1. Chuck E. Cheese Restaurant in Brookfield, WI: 19,800 SF restaurant & entertainment center on 3.7 acres lot on a retail corridor in affluent Milwaukee suburbs (AHI of $142K/yr in 1 mile).  25 yrs NNN- corp lease with 10+ yrs left.  NOI $300K/yr with 10% rent bumps every 5 yrs.  $3.845M. 7.75% cap.  
2. Wendy’s on Odessa, TX: 3510 SF Wendy’s on 1.57 ac lot. 20 yrs NNN lease with 14 yrs left to the largest Wendy’s franchisee with 331 locations.  NOI $129K/yr with 6% rent bumps every 5 yrs.  $1.879M. 6.9% cap.  
3. Strip Mall in Marion, OH: 11,920 SF brand new strip mall on 1.5 acres outparcel Walmart & Kroger Supermarkets and across from Ohio State University campus.  100% NNN leased to 4 tenants: Aspen dental, Kay Jewelers, Iron Chef restaurant and Tan Pro.  NOI $243K/yr. $2.59M. 9.41% cap.  
4. REO’ed Retail Center in Riverside, CA: 11,306 SF 10-unit bank-owned retail center on .78 ac corner lot across from Kaiser Permanente Riverside complex.  80% NNN leased with 2 small vacant spaces.  Pro forma NOI $178K/yr. $1.95M. 9.2% cap.  
5. Walmart Neighborhood market in Stockton, CA: 54,159 SF Wal-mart neighborhood market on 4.84 ac lot as the anchored tenant in a neighborhood market.  10 yrs NNN corp lease till 2022.  NOI $514K/yr. with 10% rent bumps every 5 yr options. $8.575M. 6% cap.  
6. Retail Centers in Manteca, CA: 2 free-standing 6436 SF retail buildings on .72 ac lot.  100% NNN leased to 2 tenants.  NOI $94K/yr. $1.1M. 8.5% cap. 
7. Sweet Tomatoes in Houston, TX: 8080 SF restaurant built in 2000 on 1.69 ac lot across from Willowbrook Mall.  100% NNN corp lease with 8 yrs left.  NOI $274K/yr with 10% rent bumps every 5 yrs.   
8. Walgreens in Las Vegas, NV: 13,905 SF drug store built in 1999 on 1.5 ac lot.  100% NNN- lease till 2019.  NOI $405K/yr. $5.4M. 7.5% cap.

© Transmercial 2012.

11-15: Family Dollar, Taco Bell, Sonic, Arizona's Steakhouse, Dollar General

1. Family Dollar (S&P BBB-) in Miami, FL: 11,825 SF Family Dollar retail building on 1.25 ac corner location. Currently going under major renovations  with new roof, parking lot and HVAC units. Near I-95. New 10 yrs corp lease. NOI $124K/yr. $1.734M. 7.2% cap.
2. Taco Bell in Dallas, TX: 2112 SF Taco Bell fast food restaurant on .73 ac lot next to Sam’s Club and across from Home Depot and Walmart. Close to 309-bed Methodist Charlton Medical Center and I-20. New 15 yrs absolute NNN lease to a strong franchisee with 230 units. NOI $102K/yr with 1% annual rent increases. $1.641M. 6.25% cap.
3. MOB in Huntersville, NC: 7440 SF Class A medical office building in growing and high income (AHI $98K/yr within 3 miles) Charlotte suburbs.  In close proximity to Presbyterian Hospital and I-77. NNN leases. NOI $122K/yr. $1.75M. 7% cap.
4. Sonic Burger in Richmond, TX: 1557 SF Sonic restaurant built in 2008 on .91 ac lot on/off ramp Pkwy-99 in fast growing Houston metro. Across from Walgreen’s and near Kroger and Sports Authority anchored center.  100% NNN corp ground lease (land is for sale) with 10+ yrs left. NOI $65K/yr with a 10% rent increase in 6 months. $995K. 6.53% cap now and 7.18% cap in 4/2013.
5. MOB in Englewood, OH: 11,512 SF Class-B medical building constructed in 2007 anchored by Kettering Health Network in Dayton suburbs. Close to I-70.  New 10 yrs NNN leases to three established medical practices. NOI $175K/yr. $2.187M. 8.02% cap.
6. Arizona’s Steakhouse in Lithonia, GA: 6442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall and off/on ramp I-20 in fast growing Atlanta suburbs.  100% NNN leased with 10 yrs left. NOI $246K/yr. with 2% annual rent bump. $3.2M. 7.70% Cap in Jan 2013.
7. Dollar General in Chandler, AZ: 9014 SF Dollar General store constructed in 2005 on 1.44 ac lot at a busy corridor in good area in Phoenix. Near East Valley Family Medical. 10 yrs NNN corp lease with 3 yrs left. NOI $86K/yr. $1.085M. 8% cap.                   

© Transmercial 2012

11-14: Tuffy's Auto, Carl's Jr., Walgreens, Taco Bell, Black Eye Peas, Retail Centers

1. Tuffy’s Auto Service Center in Jacksonville, FL: 4980 SF auto repair and service center built in 2007 on 2+ ac outparcel to Publix anchored center. In growing and high income (AHI $108K/yr within 1 mile) area. Ranked in the top 10 store sales. 100% absolute NNN corp lease with 15 yrs left. NOI $169K/yr with 8.75% rent increases every 5 yrs. $2.185M. 7.75% cap. 
2. Calr’s Jr. in Missouri City, TX: 2911 SF newly constructed drive-thru fast food restaurant on .86 ac outparcel to Lowe’s and along Hwy-6 in growing and wealthy (AHI $111K/yr in 1 mile) Houston suburbs. Across from Kroger, Target and Hobby Lobby anchored centers. 20 yrs absolute NNN lease with 18+ yrs left to a strong franchisee currently operating 3,159 units. NOI $85K/yr with a 10% rent bump in yr 6^th & every 5-yrs thereafter. $1.62M. 5.25% cap.
3. Walgreen’s in Phoenix, AZ: 15,120 SF drive-thru pharmacy built in 2000 on 2+ ac outparcel to ACE center in prosperous neighborhood with an AHI of $176K/yr in 1 mile. Across from Safeway grocery center. 20 yrs NNN- corp lease with 8½ yrs left. NOI $286K/yr. $4.088M. 7% cap.
4. Taco Bell in Saint Louis, MO: 2166 SF Taco Bell fast food restaurant built in 2004 on .78 ac lot at a hard corner location in the middle of Downtown and close to many attractions such as, Busch Stadium, Convention Center, Civic Center and more. 100% absolute NNN lease with 10 yrs left to a strong franchisee with 230 restaurants. NOI $89K/yr with attractive annual rent increases. $1.329M. 6.75% cap.
5. Strip Center in Raytown, MO: brand new 5,400 SF strip center on over 1 ac lot shadow anchored by Aldi Grocery and at major retail corridor. Across from HyVee grocery anchored center. 100% NNN lease to 3 brand name tenants: Chipotle (corp), GameStop (corp) and Jimmy John’s. NOI $131K/yr. $1.82M. 7.25% cap.
6. Shopping Center in Santa Clarita, CA: 25,475 SF attractive shopping center built in 2006 on 2.36 ac lot in high income neighborhood in Southern California. National tenants include: Starbucks Coffee, Panda Express and Subway. 89% leased. NOI $665K/yr. $9.51M. 7% cap. Upside potential when fully leased.
7. Black Eye Peas in Colorado Springs, CO: 5570 SF single-tenant family restaurant built in 1998 on 1.33 ac lot adjacent to Quality Inn and Hyatt. Next to I-25. 15 yrs absolute NNN lease with 8 yrs left. NOI $155K/yr. $1.795M. 8.69% cap.
8. Retail Center in Wildwood, MO: 9889 SF eye catching retail center built in 2006 on 1 ac lot at a signalized intersection of Hwy-100. Excellent demographics: AHI $145K/yr within 3 mile radius. Part of a lifestyle center. 100% leased. NOI $227K/yr. $2.68M. 8.50% cap.
9. Retail Center in Katy, TX: 10,660 SF retail center constructed in 2002 on 1.40 ac lot in fast growing and high income Houston metro. Next to Walgreen’s. Tenants include: Cici’s Pizza, Queen’s Café, DQ Salon, Westfield Nails and Pho 88 Noodle House. 100% NNN leased. NOI $183K/yr. $2.295M. 8% cap.

© Transmercial 2012

11-13: Chestnut Market, Frontera Mex-Mex Grill, Cash America Pawn, My Big Fat Greek Restaurant

1. Chestnut Market in Alameda, CA: 6600 SF free-standing building on .16 ac lot at a hard corner location east of San Francisco. Close to Alameda Hospital. About 8 yrs old roof and over $160K in façade renovation. 10 yrs NNN lease to a stable tenant with 8 yrs left. NOI $129K/yr. $1.8M. 7.2% cap. Note: No flyer, full brochure upon request.
2. Shopping Center in Parker, CO: 51,743 SF shopping center built in 1994 on 4.62 ac lot at main corridor in affluent Denver suburbs. Near Parker Adventist Hospital . 100% NNN leased to Sprouts Farmers market and Parker Payless Liquors. NOI $786K/yr. $9.83M. 8% cap.
3. Shopping Center in Littleton, CO: 45,072 SF shopping center on 4+ ac lot at a major retail corridor in high income Denver metro. Near Littleton Adventist Hospital and Hwy-470. 100% NNN leased to Dollar Tree and Goodwill. NOI $399K/yr. $5M. 8% cap.
4. Retail Building in Pueblo, CO: 7840 SF retail building remodeled in 2008 on 1.42 ac outparcel to Home Depot, next to Sam’s Club and next to I-25. Close to Pueblo Mall. Nearby tenants include: Wal-Mart, T-J Maxx, Ross, Cine Mark, Kmart and more. 100% NNN leased to Verizon Wireless (national) and EyeMart Express (regional). NOI $177K/yr. $2.315M. 7.65% cap.
5. Frontera Mex-Mex Grill in Snellville, GA: 4100 SF well kept restaurant on .69 ac lot along Hwy-78 in Atlanta metro. New 10 yrs NNN corp lease to growing tenant with 12 locations in Atlanta. NOI $122K/yr with 10% rent bumps every 5 yrs. $1.533M. 8% cap.
6. Buffalo Wild Wings in Warrenville, IL: 6400 SF restaurant built in 2004 on 1.61 ac lot at main retail corridor in affluent (AHI $126K/yr in 1 mile) Chicago suburbs. Near I-88. New 10 yrs absolute NNN lease. NOI $211K/yr with a 7.5% rent increase in yr 6^th. $3.25M. 6.50% cap.
7. Cash America Pawn in Federal Way, WA: 8970 SF retail center built in 2000 on .69 ac lot in Seattle metro. Close to The Commons  at Federal Way, a regional mall and I-5. 100% NNN corp lease with 8 yrs left. $198K/yr with 2% annual rent increases. $2.4M. 8.25% cap.
8. My Big Fat Greek Restaurant in Temecula, CA: brand new 3400 SF restaurant on .73 ac lot in high income Riverside County. Across from Promenade Temecula, a 1.4M SF Regional Mall. 10 yrs absolute NNN lease to a proven restaurant concept with 19 locations across the US. NOI $118K/yr with 10% rent bumps every 5 yrs. $1.697M. 7% cap.
9. Strip Center in San Fernando, CA: 5562 SF well maintained strip center on .31 ac lot at a hard corner location in densely populated Lon Angeles County. Close to Providence Holy Cross Med Center and on/off ramp I-5. $1.65M. NOI/Cap not provided.

© Transmercial 2012

11-12: Carino's Italian Grill, Advance Auto Parts, Chuch's Chicken

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. 

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. Carino’s Italian Grill in Katy, TX: 5349 SF Italian restaurant remodeled in 2007 on 1.47 ac lot in fast growing and high income Houston suburbs. At a hard corner location along I-10. 15 yrs absolute NNN corp lease with 4 yrs left.  NOI $129K/yr.  $1.72M. 7.50% cap.
2. Advance Auto Parts (S&P BBB-) in Toledo, OH: 7,000 SF all brick auto parts retail building constructed in 2008 on .83 acre lot in densely populated area. 15-years NNN- corp lease with 11+ yrs left. NOI $136K/yr. $1.955M. 7% cap.
3. Retail Center in Dickinson, TX: 16,524 SF attractive retail center built in 2006 on 1.52 ac lot in fast growing and high income Houston metro. Tenants include. Goodwill, Los Ramirez Mexican Restaurant, and Well Now Health (St. Elizabeth Urgent Care). 100% NNN leased. NOI $243K/yr. $2.81M. 8.66% cap.
4. Strip Center in Lodi, CA: 5966 SF well kept strip center on .35 ac lot at a hard corner location in San Joaquin Valley. 100% NNN leased. NOI $105K/yr. $1.5M. 7.01% cap.
5. Church’s Chicken in Houston, TX: 1470 SF Church’s Chicken built in 2008 on .30 ac lot at a busy corridor. New 15 yrs absolute NNN lease to a strong franchisee with 96 units. NOI $61K/yr with rent increases. $882K. 7% cap.
6. Retail Center in Mentor, OH: 19,200 SF high quality construction retail center on 1 ac lot close to Great Lakes Mall in Cleveland suburbs. 100% leased. NOI $232K/yr. $2.734M. 8.50% cap.
7. Retail Building in San Jose, CA: 2862 SF single-tenant retail building at high traffic corner location and high income (AHI $124K/yr within 3 mile) Blossom Hills area. 100% NNN lease with 5 yrs left. NOI $67K/yr. $948K. 7.06% Cap.

© Transmercial 2012