Tuesday, April 30, 2013

04-16: MOB, LA Fitness, Pacific Dental, Del Taco



  1. MOB in Bakersfield, CA: 27,263 SF 3-story Class-B medical office building on 1.62 ac lot at a major artery. Close to Bakersfield Heart Hospital and easy access to Hwy-99/58. 100% leased to four tenants. NOI $439K/yr. $6.25M. 7.03% cap.
  2. LA Fitness in Huntington Park, CA: 30,000 SF fitness center built in 2005 on 1.32 ac lot at a hard corner location and in densely populated area with over 1,000,000 residents within 5 miles. 15 yrs NNN corp lease with 7 yrs left. NOI $593K/yr. $9.35M. 6.34% cap.
  3. Pacific Dental in Phoenix, AZ: 6030 SF single tenant building on .78 ac lot in fast growing and high income area. Close to Happy Valley Towne Center. 30 yrs absolute NNN ground lease (land is for sale) with 26 yrs left plus a billboard lease with 15 yrs left. NOI $140K/yr with 10% rent increases every 5 yrs.  $2.333M. 6% cap.
  4. Strip Center in Anaheim, CA: 5124 SF well kept strip center at a busy retail corridor and in upper middle-class area. Across from neighborhood center anchored by Sally Beauty Supply, Goodwill, Kmart and 99 Cents Only Store. 100% leased to eight tenants. NOI $105K/yr. $1.5M. 7% cap.
  5. Retail Center in Aurora, CO: 6422 SF 3-units attractive retail center built in 1998 on .65 ac outparcel to Sam’s Club in growing Denver suburbs. Adjacent to Walmart, Home Depot and next to I-225. Close to Town Center at Aurora with 150+ stores. 100% leased. $1.295M. NOI/Cap not provided.
  6. Shopping Center in Grandview, MO: 36,240 SF shopping center just next to Hwy-71 exit in Kansas City suburbs. 90% leased to strong regional and national tenants such as Liberty Tax Service, Rent a Center, and Sprint Wireless. NOI $308K/yr. $3.336M. 9.25% cap.
  7. Del Taco in Pittsburg, CA: 2691 SF Del Taco restaurant on .74 ac lot in a stable city East of San Francisco. Across from Power Center anchored by Maya Cinemas, Burlington Coat Factory and Target. Near Somersville Towne Center. On/off ramp Hwy-4. 100% NNN lease to strong franchisee with 10 units. NOI 102K/yr. $1.7M. 6% cap.
  8. Retail Center in Comstock Park, MI: 24,000 SF retail center built in 1999 on 1.80 ac lot at major retail corridor in Grand Rapids suburbs. Close to Menards grocery, Walmart and Sam’s Club. NNN leases. NOI $131K/yr. $1.5M. 9% cap.

© Transmercial 2013

Monday, April 29, 2013

04-15: Best Western Hotel. Apartments, Shopping Centers



Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+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 Fort Myers, FL: 16,992 SF attractive retail center built in 2007 on 1.71 ac lot at a signalized corner location. Close to Edison Mall. 92% NNN leased. NOI $104K/yr. $1.227M. 8.50% cap.
  2. Shopping Center in Katy, TX: 68,865 SF shopping center built in 2005 on 6+ ac lot in high income Houston suburbs. Near 146-bed Memorial Hermann Hospital and I-10. 78% NNN leased. NOI $547K/yr. $6.75M. 8.12% cap.
  3. Retail Center in Kingman, AZ: 49,208 SF retail center renovated in 2008 on 4+ ac outparcel to Walmart, PETCO, Big Lots, Big 5 and BEALLS. Across from 235-bed Kingman Regional Medical Center. Off/on I-40 ramp. 100% NNN leased to Ross Dress For Less and PETSMART. NOI $436K/yr. $5.46M. 8% cap.
  4. Strip Center in Mission, TX: 16,500 SF 9-units strip center in growing McAllen suburbs. All units face main road. Close to Hwy-83. 100% NNN leased. NOI $168K/yr. $2.099M. 8.03% cap.
  5. Retail Center in Spring, TX: 13,176 SF retail center on 1.33 ac lot in fast growing and affluent (AHI $147K/yr in 1 mile) Houston suburbs. 100% leased with 2/3 spaces occupied by Heath Care providers. NOI $221K/yr. $2.95M. 7.50% cap.
  6. Best Western Hotel in San Antonio, TX: 78-room well maintained hotel on 2+ ac lot. Close to Ingram Park Mall and next to I-410. Amenities include a breakfast bar, outdoor swimming pool, a fitness center and meeting space. 80% avg occupancy rate. NOI $486K/yr. $4.8M. 10.13% cap.
  7. Shopping Center in Omaha, NE: 40,419 SF well-maintained shopping center in high income (AHI $107K/yr) area. Across from Hy-Vee Grocery center. 99% leased. NOI $515K/yr. $5.55M. 9.28% cap.
  8. Shopping Center in Lake Worth, FL: 81,722 SF shopping center on 8+ act lot anchored by Publix grocery. Near I-95. 100% leased. NOI $522K/yr. $5.8M. 9% cap.
  9. Shopping Center in Palatine, IL: 55,000 SF shopping center on 5 ac lot at a major retail corridor in Chicago suburbs. Anchored by a 16,000 grocery store. 100% NNN leased to 19 tenants. 8% cap. NOI/Price not disclosed.
  10. Apartments in Fresno, CA: 29-units gated multifamily complex built in 2008 on nearly 2 ac lot. Across from Quigley Park & Williams Elementary School. NOI $201K/yr. $2.9M. 6.96% cap.

© Transmercial 2013

04-12: Shopping Center, Krystal Burger, MOBs



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 $55+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 Stockbridge, GA: 15,729 SF10-unit  shopping center built in 2007 on 1.85 ac lot across from Walmart Supercenter and next to I-75 in high income Atlanta metro. 91% leased with 1 pending lease.  Pro forma NOI $295K/yr. $3.6M. 8.21% cap. 
  2. Retail Center in Lexington, KY: 47,818 SF 37-unit shopping center on 2.91 ac lot in high income area.  Excellent visibility with multiple ingress egress on front and back streets.  89% leased.  Pro forma NOI $454K/yr.  $6.065M. 7.5% cap. 
  3. Krystal Burger in Trussville, AL: 1915 SF fast food restaurant on 1.3 ac lot next to I-59 on/off ramp in affluent Birmingham suburbs (AHI $107K/yr).  New 15 yrs absolute NNN lease to  a  franchisee of Crystal Burger, regional tenant with 360 locations.  NOI $120K/yr with 10% rent bumps every 10 yrs. $1.5M. 8% cap. 
  4. MOB in Florence, KY: 18,283 SF 6-yrs old multi-tenant medical office building on 1.71 ac corner lot in Cincinnati metro.  Renovated in 2007.  Anchored by 12,323 SF Fresenius Dialysis.  100% leased to 3 medical/dental tenants.  NOI $290K/yr. $3.4M. 8.65% cap. 
  5. Mixed Use Center in Temecula, CA: 29,502 SF 3-story retail office complex building 2009 in high income area with easy access to I-15.  98% leased.  NOI $612K/yr.  $8.4M. 7.21% cap. 
  6. MOB in Fort Meyers, FL: 15,488 SF single-tenant class-A medical office building on 1.43 ac lot in fast growing area.  New 7 yrs absolute NNN lease to 21st Century Oncology, a Multi-billion dollar provider of cancer care services with 300 locations in 7 countries.  NOI $345K/yr with 2.5% annual rent bumps. $4.065M. 8.5% cap.


© Transmercial 2013

Friday, April 26, 2013

04-11: CBA, OSH, Applebee's, Tutor Time, Retail Centers



  1. Christian Brothers Automotive in Tulsa, OK: 4921 SF auto service center built in 2001 on 1+ ac lot in fast growing and high income area. Close to Tulsa Community College and Hwy-64. 15 yrs NNN corp lease to Christian Brothers Auto, a fast growing regional tenant.  NOI $150K/yr with 1.5% annual rent increases. $2.07M. 7.25% cap.
  2. Orchard Supply Hardware in Citrus Heights, CA: 43,579 SF attractive single tenant retail building constructed in 2009 on 3.75 ac lot in growing Sacramento suburbs. 15 yrs NNN- corp lease with 7+ left. NOI $546K/yr. $7.531M. 7.25% cap.
  3. Retail Center in Buffalo Grove, IL: 24,661 SF consisting of two retail center at a hard corner location in affluent (AHI $153K/yr in 1 mile) Chicago suburbs. NOI $260K/yr. $2.6M. 10% cap.
  4. Shopping Center in Henderson, NV: 20,326 SF shopping center on 2.57 ac lot in upper middle class Las Vegas metro. Close to Valley Auto Mall, home to 15 major dealerships and I-515. NOI $208K/yr. $2.595M. 8.03% cap. Upside potential when fully leased.
  5. Shopping Center in Grand Prairie, TX: 25,337 SF twelve units well maintained shopping center on 2.74 ac corner lot in fast growing and high income (AHI $80K/yr) Fort Worth/Dallas suburbs. 69% leased to ten tenants. Actual NOI $205K/yr. $2.6M. 9.01% cap.
  6. Retail Center in Henderson, NV: 20,147 SF upscale retail center built in 2004 on 1.81 ac lot at a hard corner location. Shadow anchored by Lowe’s and HomeGoods. Across from St. Rose Dominican Hospital-Siena. 100% NNN leased to 7 tenants including: GameStop, Lenscrafters, Urgent Care center. NOI $499K/yr. $6.66M. 7.5% cap.
  7. Strip Center in Kaysville, UT: 11,660 SF well maintained strip center on .78 ac lot anchored by Jiffy Lube in high income (AHI $93K/yr in 3 mile) town just North of Salk Lake City. Close to I-15. 85% NNN leased. NOI $115K/yr. $1.475M. 7.85% cap.
  8. Applebee’s in Mobile, AL: 5454 SF Applebee’s Restaurant on nearly 1 ac lot along main corridor and in upper middle-class area. Brand new 20 yrs absolute NNN lease. NOI $163K/yr with 1.50% annual rent bumps. $2.414M. 6.75% cap.
  9. Tutor Time in Wichita, KS: 9767 SF childcare center on .92 ac lot in fast growing and affluent (AHI $132K/yr in 1 mile) area. 100% NNN- lease with 9+ yrs left. NOI $197K/yr. $2.239M. 8.80% cap.  
  10. Retail Building in Jacksonville, FL: 10,445 SF recently redeveloped retail center on 1+ ac lot at a major retail corridor. Across from 1,5000,000 SF Regency Square Mall. 100% NNN leased to CARQUEST Auto Parts and Sprint. NOI $196K/yr. $2.65M. 7.40% cap.

© Transmercial 2013