12-14: Goodyear, 7-Eleven, FAST Lube, Sonic, Rite Aid, Burge King, Neighborhood Centers

1. Goodyear in Fishers, IN: 6240 SF auto center built in 1990 on .74 ac lot in growing and high income Indianapolis suburbs. Next to CVS and across from Kroger grocery and Marsh grocery centers.  15 yrs NNN- corp lease with 2.75 yrs left. NOI$50K/yr. $725K. 6.80% cap.
2. 7-Eleven in Vancouver, WA: 2940 SF E-Eleven on .69 ac lot close to Westfield Vancouver Mall and I-205. 10 yrs NNN- corp lease with 7+ yrs left. NOI $88K/yr with a rent increase in 2015. $1.435M. 6.15% cap.
3. Burger King in Shreveport, LA: 3734 SF soon to be remodeled drive-thru fast food restaurant built in 1994 on .57 ac outparcel to Home Depot and I-49 ramp. New 20 yrs NNN lease. NOI $80K/yr with fixed rental increases. $1.23M. 6.50% cap.
4. FAST Lube in Torrance, CA: 1264 SF well maintained auto center on .29 ac corner lot at a busy corridor in Los Angeles County. Close to Del Amo Fashion Center and Torrance Memorial Medical Center. Tenant has been at this location for 20+ yrs. 15 yrs NNN lease with 12 yrs left. NOI $55K/yr with rent increases in 2014 & 2016. $875K. 6.37% cap.
5. Sonic Drive-in in Hayward, CA: 1761 SF restaurant built in 2009 on .85 ac outparcel to Fairway Park, a138 669 SF shopping center at a busy thoroughfare. In high income San Francisco Bay Area. 20 yrs absolute NNN ground lease (only land is for sale, tenant owns the building) with 17+ yrs left. NOI $79K/yr with 10% rent bumps every 5 yrs. $1.374M. 5.75% cap.
6. Strip Center in San Diego, CA: 4765 SF well kept strip center on .32 ac corner lot in densely populated area.100% NNN leased to two stable tenants with 7-Eleven having a new 10 yrs corp lease. NOI $122K/yr. $1.745M. 7% cap.
7. Neighborhood Center in Memphis, TN: 70,462 SF shopping center built in 1994 on 11+ ac lot anchored by 15,000 SF Dollar Tree and 9,952 SF Fresenius Medical Care. Shadow anchored by Walmart Supercenter, Kroger and Goodwill. 98% leased with mostly NNN leases. Next to 246-bed Methodist North Hospital. NOI $585K/yr. $7M. 8.36% cap.
8. Rite Aid in Westlake, OH: 11,320 SF drive-thru Rite Aid pharmacy built in 1998 on 1.61 ac lot at a high traffic location and in high income (AHI $85K/yr) neighborhood in Cleveland metro. 100% absolute NNN lease with 9 yrs left. NOI $390K/yr. $3.9M. 10% cap.
9. Burger King in Chattanooga, TN: 2273 SF Burge King constructed in 2007 alongside major corridor and next to Hwy-153. Close to Chattanooga Airport and near I-75. New 15½ yrs NNN lease to strong franchisee with 18 units. NOI $152K/yr with 10% rent increases every 5 yrs. $2.107M. 7.25% cap. 
10. Shopping Center in Chula Vista, CA: 38,290 SF center consisting of three buildings constructed in 1998 on 3.6 ac lot anchored by Pep Boys in San Diego County. In affluent area with an AHI of $114K/yr in 1 mile.  Next to 24-Hour Fitness and across from Costco and Kmart. 100% leased. NOI $567K/yr. $8.1M. 7% cap.

© Transmercial 2012

12-13: Tuffy Auto Service Center, DaVita, AAA Public Storage, Shopping Centers

Transmercial is pleased to announce a new member in its staff.  John Hernandez has been a real estate broker since 2002 and will join Transmercial as an investment advisor.  He has over 22 years of experience in over a dozen different industries specializing in both personal and corporate accounting and finance.  John received a B.S. degree in Finance from Arizona State University in 1988 and MBA degree from Santa Clara University in 1992.

John strives to meet the challenging needs of his customers, with the fastest most reliable service possible.  He pledges to serve the interests of his customers first, with professionalism and respect for all.

1. Tuffy Auto Service Center in Jacksonville, FL: 4980 SF auto center built in 2007 on 2 ac lot outparcel to Publix anchored center. In growing and high income (AHI $107K/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% with 8.75% rent increases every 5 yrs. $2.185M. 7.75% cap.
2. Retail Center in Orlando, FL: 10,165 SF retail center built in 2005 on 1.25 ac outparcel to a 24-Hour Wal-Mart and across from 225-Bed Florida Hospital East Orlando. 100% NNN leased. Tenants include: T-Mobile, Ideal Dental, Mayflower, Sue Dominican Hair, Italian Village Pizza and Vtek Nails. NOI $316K/yr. $4.2M. 7.53% cap. Buyer to assume non-recourse $2.025M loan at 6.43% interest rate.
3. DaVita in Gary, IN: 13,125 SF well maintained dialysis center built in 1992 at main thoroughfare in Chicago metro. 10 yrs NNN- corp lease. NOI $249K/yr. $3.028M. 8.25% cap.
4. Shopping Center in Cincinnati, OH: 89,008 SF shopping center on 8.88 ac corner lot in affluent (AHI $120K/yr) area & near I-75. Consisting of 79,500 SF center anchored by recently expanded Asian Market, Jo-Ann Fabric and Aldi & three other buildings currently occupied by Firestone, H&R Block and La Petite France. 89% NNN leased. NOI $548K/yr. $6.45M. 8.50% cap. Upside potential.
5. Retail Center in Dickinson, TX: 16,524 SF attractive retail center built in 2006 on 1.52 ac lot at main corridor in fast growing 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.
6. Strip Center in Downers Grove, IL: 15,653 SF attractive eleven units strip center on 1.69 ac lot in high income area in Chicago suburbs. 100% NNN leased to solid tenants. NOI $275K/yr. $2.99M. 9.20% cap.
7. AAA Public Storage in Plano, TX: 44,000 SF 391-unit mini storage facility built in 2005 on 2 ac lot in growing and high income Dallas suburbs . 80% occupied. NOI $195K/yr. $2.795M. 7% cap.
8. Shopping Center in Keizer, OR: 61,838 SF shopping center on 5.34 ac lot at a hard corner in a stable Salem metro. Anchored by 31,472 SF Rite Aid.  Shadow anchored by Albertsons Grocery. 92% NNN eased.  NOI $538K/yr. $6.75M. 7.98% cap.

© Transmercial 2012

12-12: Arizona's Steakhouse Restaurant, KFC, JP Morgan Chase, Macayo's Mexican Kitchen

1. Arizona’s Steakhouse Restaurant 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 near  I-20 exit 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.
2. Short-sale Strip Center in Jonesboro, GA: 9600 SF attractive retail center built in 2007 on a corner lot along main corridor in fast growing Atlanta metro. Sold in 2008 for $1.975M. 62% leased. NOI $71K/yr. Lender has approved the purchase price of $699K. 10.21% cap. Only $72.81 psf. Upside potential for appreciation.
3. KFC in Baton Rouge, LA: 3,200 SF drive-thru KFC restaurant built in 1994 on .59 ac lot next to O’Reilly Auto Parts and across McDonalds. Close to Cortana Square Shopping Center. 15 yr absolute NNN lease to experienced operator with 10 units. NOI $56K/yr with 1.5% annual rent increases. $910K. 7.25% cap.
4. Shopping Center in Plano, TX: 83,924 SF well maintained & mature shopping center on 5.61 ac lot anchored by Dollar General in fast growing and high income (AHI $97K/yr in 3 mile) Dallas metro. Close to 323-bed Medical Center of Plano. 83% leased. NOI $503K/yr. $5.925M. 8.50% cap.
5. Retail Center in North Hollywood, CA: 8372 SF renovated retail center on .32 ac lot in densely populated area with ½+ million residents within 3 miles ring. Across from Home Depot. 100% NNN leased. NOI $135K/yr. $1.875M. 7.23% cap.
6. JP Morgan Chase (S&P A)  in Fort Worth, TX: 3530 SF Chase Bank constructed  in 2008 on .55 ac lot close to John Peter Smith Hospital, Baylor All Saints Medical Center and I-35W. 10 yr absolute NNN corp lease to JP Morgan Chase with 6 yrs left. NOI $121K/yr. $1.948M. 6.25% cap.
7. Macayo’s Mexican Kitchen in Phoenix, AZ: 7783 SF restaurant built in 1997 on 1.58 ac lot in affluent area with AHI of $102K/yr in 3 miles. Close to Foothills Park Place, a 310,418 SF power center anchored by JCPenny, Sports Authority, Best Buy, Barnes & Noble and Target & 1-10. 100% NNN lease with 7 yrs left to a regional  chain with 14 locations. NOI $188K/yr. $2.2M. 8.54% cap.
8. Office Building in Birmingham, AL: 6333 SF Class B two story office building constructed in 1999 on 1 ac lot in fast growing and high income area. Near Riverchase Galleria and I-459. 100% leased to professional and medical tenants. NOI $128K/yr. $1.6M. 8% cap.
9. Retail Center in Colorado Springs, CO: 8533 SF retail center on 1 ac lot at a main retail corridor. In high income area and near I-25. NOI $149K/yr. $1.866M. 8% cap.
10. Retail Center in Fontana, CA: 7194 SF attractive retail center built in 2008 on .64 ac lot with big monument sign in San Bernardino County. Across from Walmart center. NOI $185K/yr. $1.95M. 9.49% cap.

© Transmercial 2012

12-11: Walgreen's, Bojangles', Wendy's, Taco Bell & KFC, Jack In The Box, Advance Auto Parts

1. Retail Center in Maricopa, AZ: 7520 SF retail center built in 2009 on 1+ ac corner lot adjacent to Fry’s Marketplace Grocery in fast growing area. 100% NNN- newly extended lease with 9½ yrs left to The Pet Club, a regional tenant with 34 locations.  NOI $135K/yr with 11.1% rent increase in 2017. $1.6M. 8.46% cap.
2. Retail Center in Reno, NV: 5300 SF attractive retail center constructed in 2010 on .53 ac outparcel to Super Walmart at major retail thoroughfare. Across from Albertson’s center and near I-80. 100% NNN leased. NOI/Cap not provided.
3. Walgreen’s in Saint Louis, MO: 13,987 SF drive-thru Walgreen’s on 2+ ac lot at a hard corner location. In high income (AHI $80K/yr in 3 mile radius) area and close to I-55. Close to 355-bed St. Louis VA Medical Center and 38-bed Kindred Hospital St. Louis-St. Antony’s. 20 yrs NNN- lease with 7 yrs left. NOI $347K/yr. $4.7M. 7.40% cap.
4. Bojangles’ in Murfreesboro, TN: 3800 SF newly constructed Bojangles Chicken & Biscuits restaurant (regional chain) in a fast growing and upper middle class city.  New 20 yrs NNN lease. NOI $174K/yr with 1.5% annual rent increases starting in 3/2015. $2.23M. 7.50% cap.
5. Shopping Center in Montclair, CA: 19,031 SF well maintained shopping center on 1.55 ac lot at a hard corner location in San Bernardino County. Close to 102-bed Montclair Hospital Medical Center, Costco, Montclair Plaza and I-10. 96% leased to 12 tenants. NOI $174K/yr. $2.6M. 6.70% cap. Upside potential as tenant pay below market rent.
6. Wendy’s in Cleveland, TN: 2326 SF Wendy’s on .59 ac corner lot at a main corridor in Chattanooga suburbs. Close to Cleveland State Community College, Skyridge Medical Center and I-75. 20 yrs absolute NNN lease with 14 yrs left. NOI $130K/yr with 8.25% rent bumps every 5 yrs. $1.676M. 7.75% cap. $1.09M loan must be assumed.
7. Taco Bell & KFC in Keller, TX: 3506 SF drive-thru dual branded fast food restaurant on 1 ac lot along Hwy-377. In affluent North of Fort Worth with and AHI of $106K/yr in 1 mile. Next to Kohl’s and The Home Depot. New 15 yrs absolute NNN lease to 2^nd largest franchisee with 230 units. NOI $111K/yr with 1% annual rent increases. $1.779M. 6.25% cap.
8. Jack in the Box in Concord, CA: 2390 SF drive-thru Jack In The Box fast food restaurant at  Hwy-4 exit in high income San Francisco Bay Area (AHI $98K/yr). Brand new 20 yrs absolute NNN lease to a strong operator with 19 units in Northern CA. NOI $156K/yr with 1% annual rent increases. $2.85M. 5.50% cap.
9. Retail Center in Fort Wayne, IN: 7600 SF retail center built in 2007 on 2.50 ac lot at a signalized corner location and next to Menards. 100% NNN leased to T-Mobile, Springleaf Financial. Longe Optical, Great Clips and Studio Nails. NOI $153K/yr. $1.8M. 8.50% cap.
10. Advance Auto Parts (S&P BBB-) in Houston, TX: 8640 SF auto parts retail building at a major corridor in densely-populated area. Next to Walgreen’s and cross from H.E.B. Grocery. 15 yrs NNN- lease with 8 yrs left. NOI $120K/yr with a 10% rent bump in 2016. $1.599M. 7.56% cap.

© Transmercial 2012