10-17: Arbys, Walgreens, Midas, Burger King, Shopping 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. 

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.   Shopping center in Greenwood, CO: 12,482 SF well-kept shopping center built in 1984 on 1 ac lot in affluent Denver suburbs.  Shadow anchored by Target.  90% NNN leased to 4 tenants with 1 vacant space.  Current NOI $248K/yr.  $3.425M. 7.25% cap.  
2. Shopping Center in  Orlando, FL: 25,106 SF 5-yrs old multi-tenant shopping center on 2.5 ac corner lot. 92% leased to 7 tenants with 1 avail unit.  NOI $359K/yr.  $4.5M. 8% cap.  
3. Arbys in Peoria, AZ: 3100 SF restaurant built in 2001 on .72 ac outparcel to a shopping center anchored by Home Depot, K-mart, Staples, and Petsmart.  20 yrs absolute NNN corp lease till 2021. NOI $135K/yr with 1% annual rent bumps.  $1.544M. 8.75% cap.  
4. Walgreens in Acworth, GA: 15,120 SF Walgreens built in 2002 on 2.34 ac corner lot in affluent (AHI $138K/yr in 1 mile) Atlanta suburbs.  100% NNN corp leased till 2022.  NOI $379K/yr. $5.422M. 7% cap.  
5. Walgreens in Queens, NY: 13,900 SF Walgreens on 1 ac lot in high income NY suburbs with over 1M residents within 5 miles. 20 yrs NNN- till 2020.  NOI $428K/yr. $6.25M. 6.84% cap.  
6. Strip Mall in Melbourne, FL: 9000 SF strip center built in 2006 on .91 ac lot with easy access to I-95.  Shadow anchored by BJ Wholesale Club.  100% NNN leased to 3 national/regional tenants.  NOI $147K/yr.  $1.64M. 8.5% cap.
7.  Midas in Danbury, CT: 8790 SF auto service center on .35 ac lot.  100% NNN- corp lease with over 5 yrs left.  NOI $83K/yr. $1M. 8.3% cap. 
8. Cancer Center in Riverside, CA: 11,763 SF single-tenant medical office building on 2.35 ac lot.  10yrs NNN leased till 2014 to Vantage Oncology with 46 radiation oncology treatment centers in 12 states.  NOI $301K/yr. $2.995M.  10.07% cap.  This is a court-ordered sale and it’s not known if tenant will renew the lease. 
9. Walgreens in Mesa, AZ: 15,120 SF drug store built in 1999 on 1.61 ac.  100% NNN- leased till 2019.  NOI $267K/yr. $3.561M. 7.5% cap. 
10. Burger King in Norfolk, VA: 2279 SF restaurant rebuilt in 2008 on ½ ac lot.  20 yrs absolute NNN corp lease with 8 yrs left.  NOI $71K/yr. $1.02M. 7% cap.

© Transmercial 2012

10-16: Burger King, Goodwill, Romano's Macaroni Grill, Fred's Supper Dollar, Tuffy Auto

1. Burger King in Richland, WA: 3561 SF drive-thru fast food restaurant built in 2004 on .77 ac outparcel to Walmart Supercenter, Lowe’s and Gold’s Gym center. In high income area and next to on/off ramp I-182. 11 yrs absolute NNN lease to an experienced franchisee with 8 units. NOI $119K/yr with 5% rent bumps every 5 yrs. $1.737.6.85% cap.
2. Goodwill in Sacramento, CA: 15,000 SF attractive single tenant retail center built in 2007 on 1.84 ac lot close to I-80. Part of Northwood Center anchored by Viva Supermarket, Rite Aid and Molina Healthcare. 10 Yr absolute NNN lease with 5 yrs left to credit tenant with 69 locations. NOI $236K/yr with annual rent increases. $2.95M. 8% cap.
3. Del Taco in Watauga, TX: 1749 SF brand new Del Taco restaurant on .67 ac lot at Hwy-377 and in growing and high income (AHI $107K/yr within 1 mile) Forth Worth suburbs. 15 yrs absolute NNN lease to a strong franchisee with 350 units. NOI $125K/yr with 10% rent increases every 5 yrs. K$1.852M. 6.75% cap.
4. Romano’s Macaroni Grill in Hoffman Estates, IL: 8458 SF Italian Restaurant on 1.95 ac lot near St Alexius Medical Center and I-90 in  Chicago suburbs. 100% absolute NNN corp lease with 16 yrs left. NOI $170K/yr. with 2% annual rent increases.  $2.43M. 7% cap.
5. Retail Center in Thornton, CO: 16,187 SF attractive in-line retail center at a high traffic location in Denver metro. 92% leased to Physicians or medical related service. NOI $232K/yr. $3.95M. 8.20% cap.
6. Jack in the Box in Houston, TX: 2357 SF Jack in the Box fast food restaurant built in 2010 on .77 ac lot at a hard corner location and along busy corridor. New 20 yrs NNN lease to a strong franchisee with 90 units. NOI $173K/yr with 5% rent increases every 5 yrs. $2.478M. 7% cap.
7. Fred’s Supper Dollar in Memphis, TN: 16,471 SF brand new dollar store with drive-thru pharmacy on 1.47 ac lot near Hwy-385. 12 yrs NNN corp lease. NOI $188K/yr with rent increases. $2.286M. 8.25% cap.
8. Tuffy Auto in Mooresville, NC: 3900 SF auto center on .83 ac lot at major retail corridor in wealthy city (AHI $91K/yr) North of Charlotte and just off I-77.  Next to Target, Lowes and Best Buy anchored centers. 100% NNN lease to regional tenant. NOI $105K/yr. $1.32M. 8% cap.
9. MOB in Surprise, AZ: 12,231 SF medical office building constructed in 2008 in fast growing Phoenix metro. 10 yrs NNN lease to Arrowhead Health, a strong health care provider with 5 locations. NOI $223K/yr. $3.199M. 7% cap.
10. Retail Center in Altamonte Springs, FL: 10,000 SF newly constructed retail center on .91 ac lot near 160-store Altamonte Mall in Orlando metro. 100% NNN leased. NOI $187K/yr. $2.2M. 8.50% cap.

© Transmercial 2012

10-15: Applebee's, Carl's Jr., Hardee's, MOB's

1. Retail Center in Cincinnati, OH: 10,079 SF retail center built in 2009 on over 1 ac lot at a hard corner location. Close to Western Hills Mall, Home Depot and Kroger centers. 100% NNN leased to six national tenants: Chipotle, The UPS Store, Jimmy John’s, Edible Arrangements, Pizza Hut and T-Mobile. NOI $233K/yr. $2.715M. 8.61% cap.
2. MOB in Pittsburgh, PA: 33,415 SF attractive medical office building constructed in 1996 on 3+ ac lot in densely populated area with high barriers to entry. Near off/on ramp I-376.Tenatns include: UPMC Mercy, Housing Women’s Health, Radiology, Internal medicine and physical therapy, Walgreens and Quest Diagnostics . 100% NNN leased. NOI $525K/yr. $6.75M. 7.78% cap.
3. MOB in Las Vegas, NV: 19,394 SF Class B medical office building at a hard corner location and in high income area. Across from Albertson’s & CVS center and lose to Mountain View Hospital and Hwy-95. 84% leased to multiple tenants. NOI $193K/yr. $2.65M. 7.30% cap.
4. Applebee’s in Albuquerque, NM: 4997 SF restaurant built in 2001 on 1.70 ac lot at a busy retail corridor. Close to New Mexico Hospital, Carrie Tingley Hospital and I-25/45. 20 yrs absolute NNN ground lease (land is for sale) with 9 yrs left to an operator with 44 units. NOI $66K/yr. with 10% rent bumps every 5yrs. $1.21M. 5.5% cap.
5. Shopping Center in Fresno, CA: 52,950 SF shopping center remodeled in 2009. Anchored by a brand new 24 hour CVS pharmacy. Across from Fashion Fair Mall and next to on/off ramp Hwy-41. 78% NNN leased. NOI $611K/yr. $8.44M. 7.25% cap. Upside potential.
6. Carl’s Jr. in Aurora, CO: 3024 SF single tenant fast food restaurant constructed in 1998 on nearly 1 ac corner lot. 100% absolute NNN lease with 13 yrs left to a strong franchisee.  NOI $122K/yr with 12% rent increases every 5 yrs. $1.905M. 6.45% cap.
7. Retail Center in Orlando, FL: 7072 SF stable retail center on 1+ ac lot next to Sheraton hotel. Close to Premium Outlets, Walt Disney World and I-4. 100% leased to two long tern tenants: gift shop and restaurant. NOI $176K/yr. $2.45M. 7.20% cap.
8. Hardee’s in Champaign, IL: 3200 SF fast food restaurant on .92 ac lot at a major corridor and across from University of Urbana-Champaign. New 20 yrs NNN lease to a strong operator with 144 units. NOI $155K/yr. $1.725M. 9% cap.
9. Retail Center in Hillsboro, OR: 30,380 SF attractive retail center built in 2007 on 3+ ac lot at a signalized location. In fast growing and high income Portland metro. Anchored by 7,234 SF Fresenius and Kaiser. 96% leased with only 1,199 SF vacant unit. NOI $540K/yr. $8.2M. 7.51% cap.
10. MOB in Snellville, GA: 10,000 SF medical office building constructed in 2002 at a corner location in affluent Atlanta suburbs (AHI $98K/yr in 1 mile). At main entrance to 310-bed acute care, full-service Eastside Medical Center. 100% leased to 4 medical tenants. $1.79M. Cap/NOI not provided.

© Transmercial 2012

10-12: Taco Bell, Arby's, Oxford Bank, ACE Hardware, AutoZone, Advance Auto Parts

1. Retail Center in Wauwatosa, WI: 25,725 SF attractive retail center on an outparcel to The Home Depot. Across from Target center and near Fwy-45 in Milwaukee suburbs. Big monument signage on site. 95% NNN leased to Advance Auto, Noodles & Company, The Barbershop, Accelerated Physical Therapy, Sherwin-Williams, Golf Tec, GNC, Verizon Wireless, and Toppers Pizza. NOI $467K/yr. $6.323M. 7.40% cap.
2. Retail Center in Mukilteo, WA: 14,006 SF high quality construction retail center built in 2005 on 1.26 ac corner lot anchored by Office Max in growing area North of Seattle. 94% leased. Proforma NOI $420K/yr. $5.55M. 7.57% proforma cap.
3. Taco Bell in Kissimmee, FL: 3500 SF Taco Bell restaurant on 1+ ac corner at the intersection of 2 major arteries in fast growing Orlando metro. Across from Publix center.  Tenant has been here since 1988 and just renew 5 yrs option.  NOI $161K/yr. with 10% rent bump in March 2014.  $2.015M. 8% cap.
4. Neighborhood Center in Agoura Hills, CA: 57,336 SF stable center built in 1990 on 5.63 acres of land next to Hwy-101/38 in prosperous city (AHI $152K/yr) in Los Angeles County. 91% leased to retail/office tenants. NOI $1.179M/yr. $15.5M. 7.60% cap.
5. Arby’s in Westland, MI: 2355 SF Arby’s free standing restaurant on 1.26 ac lot on main retail corridor and adjacent to 1,000,000 SF 100-store Westland Mall in Detroit suburbs. New 15 yrs absolute NNN corp lease. NOI $96K/yr with 7.5% rent increases every 5 yrs. $1.298M. 7.40% cap.
6. Oxford Bank In Westmont, IL: 4117 SF Oxford Bank built in 1999 on 1+ ac hard corner location in fast growing and high income Chicago metro. 20 yrs NNN corp lease with 9+ yrs left to a bank with 7 locations. NOI $118K/yr with 3% rent bump in 2016 and every year thereafter. $1.638M. 7.24% cap.
7. ACE Hardware in Charlotte, NC: 7500 SF stable single tenant auto store on .90 ac corner lot in fast growing area. Tenant has been at this location for 5 yrs and just exercised their 1^st 5 yrs option. NOI $77K/yr. $795M. 9.70% cap.
8. AutoZone in Riverbank, CA: 7381 SF AutoZone constructed in 2010 on 1+ ac lot at a main corridor in growing and high income (AHI $80K/yr in 1 mile) Modesto metro. Across from CVS center. 15 yrs NNN corp ground lease (land is for sale). NOI $72K/yr with 10% rent increases every 5 yrs. $1.3M. 5.54% cap.
9. Advance Auto Parts in Austin, TX: 7000 SF auto parts center on 1+ ac lot at a major retail corridor in growing and high income area. Close to H.E.B., Lakeline Mall and Hwy-183. 15 yrs NNN corp lease with 8 yrs left. NOI $140K/yr with a 10% rent increase in 2015. $1.8M. 7.78% cap. Buyer to assume $968K loan.
10. Strip Center in Lodi, CA: 6500 SF strip center shadow anchored by Save Mart and Rite Aid in San Joaquin Valley. 100% NN leased to 4 tenants. NOI $118K/yr. $1.425M. 8.30% cap.

© Transmercial 2012

10-11: Dollar Tree, MOB, Carl's Jr., 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. 

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. Dollar Tree in West Milwaukee, WI: 9000 SF brand new retail building on .81 ac outparcel on Target center and crossways from Walmart. New 10 yrs NNN- corp lease. NOI $117K/yr. $1.56M. 7.50% cap.
2. MOB in Yuba City, CA: 3575 SF attractive medical office building on .37 ac lot close to Fremont-Rideout Health.100% NNN leased to a dental practice. NOI $68K/yr. $750K. 9.12% cap.
3. Retail Center in Schaumburg, IL: 7000 SF retail center on .86 ac outparcel to Kohl’s, Home Depot and Target in high income (AHI $85K/yr) Chicago metro. 100% NNN leased to Starbucks, Sprint and Sexson Orthodontic.  NOI $158K/yr. $1.825M. 8.71% cap.
4. Shopping Center in Houston, TX: 48,306 SF established shopping center remodeled in 2008 on 4½ acres of land.  Anchored by Kroger grocery. Next to I-45 and 1,500,000 SF Greenspoint Mall anchored by Dillard’s and Macy’s. 100% NNN leased to 10 tenants. NOI $324K/yr. $3.6M. 9% cap.
5. Strip Center in Grapevine, TX: 18,694 SF 2 building retail center built in 2005 on a corner lot across from 1,600,000 SF 200-retailers Grapevine Mills Mall in high income Dallas metro.  100% NNN leased to 5 tenants.  NOI $402K/yr. $4.47M. 9% cap.
6. Retail Center in Los Angeles, CA: 22,554 SF well maintained retail center on 1+ ac lot at a hard corner location in densely populated area and close to Hwy-4. 63% NNN leased. Proforma NOI $303K/yr. $2.95M. 10.30% proforma cap.
7. Retail Center in Torrance, CA: 18,640 SF retail center on over 1 ac lot in high income city (AHI $94K/yr in 1 mile) in Los Angeles (500K people within 5 miles).  NOI $359K/yr. $5.99M. 7% cap.
8. Strip Center in Marysville, WA: 17,152 SF strip center built in 2004 on 1.87 ac lot in a growing Seattle suburb. Close to Seattle Premium Outlets, Tulalip Casino and I-5. 83% leased with only two small vacant units. NOI $237K/yr. $2.93M. 8.12% cap.
9. Carl’s Jr. in Surprise, AZ: 3,000 SF brand new fast food restaurant on .64 ac outpacel to Lowe’s at a major retail corridor in Phoenix suburbs. New 20 yrs NNN lease to a strong franchisee with 144 units. NOI $159K/yr. $2.285M. 7% cap.
10. MOB in Chicago, IL: 16,228 SF Class B medical office building 1.49 ac lot near Metro Station and I-57 in high income area. 100% NNN leased to 7 medical tenants. NOI $229K/yr.  $2.4M. 9.58% cap.