01-17: Big Lots, Family Dollar, Phoenix Children's Academy, Arby's, Automotive Center, Walgreens, Office Building

1. Neighborhood Center in Fairfield, OH: 94,399 SF shopping center renovated in 2010 at a signalized corner highway location in Cincinnati metro. Digital monument sign. 88% leased. NOI $289K/yr. $2.6M. 11% cap.
2. Big Lots in Flint, MI: 40,000 SF well-maintained big box retail building on 6.74 acres of land. Adjacent to Genesse Valley Center, the largest enclosed mall in North Detroit with over 1.3M SF and 130+ retailers. Near I-69. 100% NNN corp recently extended lease with 9 yrs left. NOI $201K/yr. Store with strong sales. $2.35M. 8.55% cap.
3. Retail Center in Huntington Park, CA: 17,230 SF consisting of two retail buildings on 1.23 ac outparcel to Home Depot and Staples.  In densely populated area with over 1,000,000 residents within 5 miles. 100% leased to 8 tenants. 7.06% cap. Price/NOI not disclosed.
4. Family Dollar in Canton, GA: 9180 SF Family Dollar built in 2008 in fast growing Atlanta suburbs. Across from Publix grocery anchored center and near I-575. 10 yrs NNN- corp lease with 6 yrs left. NOI $127K/yr. $1.6M. 8% cap.
5. Phoenix Children’s Academy in Greensboro, NC: 20,586 SF high quality child development center built in 2000 on 4.55 ac lot in fast growing and high income area. Surrounded by professional offices. 15 yrs NNN corp lease with 14+ yrs left. NOI $234K/yr with annual 2% rent increases starting in 2015. $2.75M. 8.54% cap.
6. Arby’s in Medina, OH: 3126 SF recently renovated Arby’s restaurant on 1 ac lot at main retail corridor and in high income (AHI $86K/yr in 3 mile) Cleveland metro. Across from Target. 15 yrs absolute NNN lease to strong operator. NOI $77K/yr with 5% rent bumps every 5 yrs. $972K. 8% cap.
7. Office Building in Dallas, TX: 51,043 SF Class B 4-story office building on 2+ ac lot with excellent visibility to I-30. Recent renovation includes: interior, exterior painting, landscaping, HVAC equipment and lighting. 83% leased with strong tenants mix. NOI $358K/yr. $2.99M. 12% cap.
8. Retail Center in Katy, TX: 10,660 SF retail center constructed in 2002 on 1.39 ac lot in fast growing and high income Houston metro. Next to Walgreen’s and near I-10. Tenants include: Cici’s Pizza, Queen’s Café, DQ Salon, Westfield Nails and Vietnamese Noodle House & Grill. 100% NNN leased. NOI $197K/yr. $2.425M. 8.14% cap.
9. Automotive Center in Antioch, CA: 19,380 SF attractive automotive center on 1½ ac lot in Northern CA.  100% leased to multiple tenants.  NOI $134K/yr. $2.45M. 9.30% cap.
10. Walgreens in Lubbock, TX: 13,905 SF Walgreens on 1.88 ac lot at a signalized corner location in upper middle class area with an AHI of $74K/yr within 1 mile. Sales have increased 32% in 2 yrs due to a new roadway. 20 yrs NNN- lease with 5 yrs left. NOI $246K/yr. $3.514M. 7% cap.

© Transmercial 2013

01-16: MOB, Wendy's, Burger King, NAPA Auto Parts, Lifeprints Childcare & Learning Center

1. MOB in Roswell, GA: 33,191 SF Class B consisting of three medical office buildings built in 1992 anchored by 6,301 SF Fresenius. Adjacent to 202-bed North Fulton Hospital. In fast growing and high income city just North of Atlanta. 74% NNN leased. NOI $237K/yr. $2.795M. 8.50% cap. Upside potential. Note: flyer not avail, full brochure upon request.
2. Wendy’s in Tucker, GA: 2844 SF Wendy’s Wendy’s restaurant on .75 acres lot across Publix Supermarket in high income (AHI $87K/yr) Atlanta metro and near I-285 and Hwy-78.  20 yrs NNN lease with 12+ yrs left to strong operator with 23 units. NOI $88K/yr with 1.5% annual rent increases. $1.215M. Store with sales revenue of $1M, 7.25% cap.
3. Burger King in Richland, WA: 3561 SF Burge King built in 2004 on .77 ac outparcel to Walmart Supercenter, Target, Lowe’s and Gold’s Gym. In high income area and next to on/off ramp I-182. New 11 yrs NNN lease to an experienced franchisee. NOI $110K/yr with rent bumps every 5 yrs. $1.625M. 6.77% cap.
4. Community Center in Greensboro, NC: 103,494 SF well maintained shopping center on 8+ ac lot at main commercial artery and fast growing area. Anchored by Hobby Lobby. Next to Home Depot, across from Kmart and near Walmart, Sam’s Club and Target anchored centers. Between I-40 and I-73. 100% leased. NOI $766K/yr. $9.1M. 8.43% cap.
5. Strip Center in San Antonio, TX: 8062 SF strip center built in 2002 on .61 ac lot at a signalized location. In prosperous neighborhood with an AHI of $119K/yr in 1 mile radius. Next to Nix Hospital. 100% NNN leased to Marbel Slab Creamery, Ann's Nails, US Navy Recruiting; Quiznos, Radiance MedSpa and Zedrick's. NOI $154K/yr. $1.962M. 7.85% cap.
6. Retail Center in Pflugerville, TX: 8,066 SF newly constructed retail center on .81ac lot across from Wal-Mart Supercenter in high income (AHI $85K/yr) Austin metro. 100% NNN leased to Pacific Dental (corp), Cottonwood Financial (corp) and AT&T. NOI $212K/yr. $2.836M. 7.50% cap.
7. NAPA Auto Parts in Vallejo, CA: 7500 SF auto center built in 2006 on .61 ac lot at a signalized corner location Northeast of San Francisco. 15 yrs NNN lease with 6+ yrs left. NOI $117K/yr with annual CPI rent increases. $1.65M. 7.11% cap.
8. Retail Center in Sacramento, CA: 7456 SF retail center on .48 ac outparcel to 99¢ Only and Harbor Freight Tools center. NNN leases to Pizza Hut and Baskin Robbins with only one vacant unit. Proforma NOI $82K/yr. $725K. 11.33% proforma cap.
9. MOB in Greeley, CO: 8102 SF medical office building on .46 ac corner lot. Anchored by 4941 SF NextCare currently occupying 66% of the property. 100% leased to three tenants. NOI $75K/yr. $749K. 10.05% cap.
10. Daycare Center in Phoenix: AZ: 6730 SF daycare facility on .70 ac lot in affluent neighborhood with an AHI of $101K/yr in 1 mile. 10 yrs absolute NNN lease with 9 yrs left to Lifeprints Childcare & Learning Center. NOI $70K/yr with $.50/SF (about 4.8%) annual increases. $750K. 9.42% cap.

© Transmercial 2013

01-15: Childtime Learning Center, MOB, AAP, KinderCare, Walgreens

1. Retail Center in San Antonio, TX: 13,958 SF attractive retail center built in 2009 on 2.51 ac lot at a busy corner location. 100% NNN leased to 24-hrs Subway, Dry Cleaner, Universal Church, Cricket Wireless, Money Mart Pawn and East China Bistro. NOI $229K/yr. $2.45M. 9.36% cap.
2. Childtime Learning Center in Kingwood, TX: 4928 SF day care facility built in 2008 on .62 ac lot in prosperous neighborhood with AHI of $126K/yr within 1 mile in Houston suburbs. New 10 yrs absolute NNN corp lease to Childtime Learning Center, a national childcare provider. NOI $123K/yr with 10% rent increases every 5 yrs. $1.451M. 8.50% cap.
3. MOB in Pasadena, TX: 12,144 SF well maintained surgery center on 1+ ac lot at main thoroughfare. Across from 345-bed Bayshore Medical Center. 20 yrs absolute NNN lease to Doctors Outpatient Surgicenter with 8+ yrs left. NOI $255K/yr with 7.5% rent increases every 3 yrs. $3.644M. 7% cap.
4. Advance Auto Parts (S&P BBB-) in Houston, TX: 8640 SF auto parts center renovated in 2006 on .89 ac lot. Next to Walgreens and across from H.E.B. grocery.15 yrs NNN- corp lease with 8 yrs left. NOI $120K/yr with a 10% rent bump in 2017. $1.599M. 7.56% cap.
5. Shopping Center in Edmond, TX: 79,735 SF well maintained shopping center on 6.28 acres of land at hard corner location in fast growing and high income area. 98% NNN lased to Ace Hardware, Fitness 19, Goodwill, Payless Shoes, Jersey Mike’s, Supercuts, Cartridge World, and Liberty Tax. NOI $748K/yr. $8.9M. 8.41% cap.
6. KinderCare in Webster, NY: 10,608 SF learning center built in 2007 on 1.50 ac lot in growing and high income Rochester suburbs. Convenient access to Hwy-104.15 yrs absolute NNN corp lease with 11 yrs left. NOI $172K/yr with CPI or 7% rent bumps every 5 yrs. $2.078M. 8.29% cap.
7. Retail Center in Clarkston, MI: 4410 SF eye-catching retail center built in 2005 on .74 ac lot next to Hwy-24 in Detroit suburbs. 100% NNN leased to Qdoba Mexican Grill and Tropical Smoothie Café. NOI $90K/yr. $1.091M. 8.25% cap.
8. Walgreens in Miami, FL: 14,914 SF drive-thru drug store built in 2001 on 1.39 ac lot at a signalized corner location. 100% NNN- lease  with 8+ yrs left. NOI $291K/yr. $4.5M. 6.47% cap.

© Transmercial 2013

01-14: KFC, Tuffy Auto, Apartments, El Pollo Loco, Walgreens, The Learning Experience

1. KFC in Fresno, CA: 2575 SF KFC restaurant built in 2005 on .61 ac lot at a main retail corridor with good ingress/egress. Close to Airport. 20 yrs absolute NNN lease with 12 yrs left to experience franchisee currently operating 42 units. NOI $93K/yr. $1.87M. 5% cap.
2. Tuffy Auto in Batavia, IL: 4240 SF auto service center built in 2000 in affluent (AHI of $111K/yr in 3 mile) Chicago suburbs. Across from Target & Jewel Osco grocery anchored centers. 100% NNN lease with 8 yrs left. NOI $98K/yr. $1.36M. 7.25% cap.
3. Apartments in Rancho Mirage, CA: 35-unit apartments on 1.42 ac lot in growing and affluent community in Southern CA with an AHI of $124K/yr in 1 mile. 98% occupied. NOI $227K/yr. $3.25M. 7% cap.
4. Strip Center in College Station, TX: 6835 SF under-construction strip center on .93 ac outparcel to Lowe’s and next to Hwy-6. In fast growing (92.90% pop growth since 2000) and prosperous (AHI $161K/yr in 1 mile) area. 100% NNN leased to three tenants. NOI $185K/yr. $2.507M. 7.40% cap.
5. El Pollo Loco in Big Bear Lake, CA: 2878 SF El Pollo Loco restaurant on .64 ac corner lot in a Ski resort town. New 17 yrs NNN lease to national tenant. NOI $66K/yr with rent increases every 5 yrs. $1.1M. 6% cap.
6. Walgreens in Glen Burnie, MD:13,650 SF drug store on 2.14 acres lot at the main entrance to Marley Station Mall in Washington DC/Baltimore suburbs.  100% NNN lease with 17 yrs left.  NOI $395K/yr. 6.583M. 6% cap.
7. Retail Center in Toledo, OH: 15,681 SF attractive retail center built in 2006 on .2+ ac lot in high income (AHI $106K/yr) area. Across from Lowe’s and near I-475. 77% leased to Caribou Coffee, Subway, FedEx Office, Toledo Lasik and Cinco de Mayo restaurant.$2.5M. NOI/Cap not provided.
8. The Learning Experience in Katy, TX: 11,077 SF day care center built in 2009 on 1.74 ac lot in fast growing and affluent (AHI $112K/yr in 3 mile) Houston suburbs. Easy access to I-10. 15 yrs NNN lease to national tenant with 13 yrs left. NOI $288K/yr. $3.495M. 8.25% cap.
9. 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 Rite Aid and shadow anchored by 42, 265 SF Albertsons Grocery. 92% NNN leased.  NOI $538K/yr. $6.75M. 7.98% cap.

© Transmercial 2013

01-11: Shopping centers, Advance auto, Fresenius, MOB, Burlington Coat Factory

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 Freehold, NJ: 26,008 SF mature shopping center on 1.4 ac lot in an affluent city (AHI $118K/yr in 1 mile).  95% leased to 8 tenants.  NOI $315K/yr. $3.975M. 7.94% cap. 
2. Advance Auto Parts in Newport, KY: 7000 SF autoparts center built in 2001 on 2/3 ac lot in Cincinnati metro.  100% corp lease with 4 yrs left.  NOI $89K/yr.  $1.154M. 7.75% cap. 
3. Retail Center in Kennesaw, GA: 28,328 SF retail center on 2.53 ac lot in high income Atlanta metro.  88% leased with 2 avail units.  NOI #237K/yr.  $2.5M. 9.5% cap. 
4. Fresenius Dialysis Center in Olympia Fields, IL: 11,925 SF dialysis center built in 2005 on 1.05 ac lot in high income Chicago metro (AHI $79K/yr in 1 mile).  Tenant (BB+ S&P rated) recently renewed 10 yrs lease.  NOI $226K/yr with 3% rent bumps every 2 yrs.  $2.916M. 7.75% cap. 
5. Retail Centers in Las Vegas, NV: 12,404 SF 5-yrs old 2-building retail center on 1.4 ac lot in front of Walmart Neighborhood center in upper middle class.  91% NNN leased to 7 tenants with 1 avail unit.  NOI $280K/y.  $3.615M. 7.65% cap. 
6. Strip Mall in Castle Rock, CO: 7234 SF strip center built in 2006 on 1.15 ac lot in affluent Denver suburbs.  Surrounded by Walmart, Home Depot, Target, and Kohls.  100% leased to 4 good tenants.  NOI $193K/yr. $2.5M. 7.75% cap. 
7. Shopping Center in The Woodlands, TX: 83,526 SF shopping center built in 2008 on 6.7 acres lot with I-45 visibility in Houston suburbs.  Part of a power center with Walmart, Kohls, and Lowes.  100% NNN leased by Burlington Coat Factory and Ferguson Plumbing.  NOI $811K/yr.  $10.816M. 7.5% cap.
8.  Market Square in Denton, TX: 9,415 SF retail center on an outparcel to Cinemark 14 theater and close to Denton Regional Medical Center.  Surrounded by Best Buy, Chilli's, Golden Triangle Mall, Hobby Lobby, Home Depot, Jason's Deli, Office Max, Panera Bread, Starbucks, Target and Walmart. 100% NNN leased.  NOI $404K/yr.  $4.275M. 9.45% cap. 
9. Retail Center in Mountlake Terrace, WA:  32,000 retail center on 3.1 ac lot next to I-5 exit in Seattle metro.  100% NNN leased to 2 stable tenants: Office Depot and Urology Northwest.  NOI $667K/yr. $9.882M. 6.75% cap. 
10. MOB in Folsom, CA: 36,911 SF class-A medical office buildings in affluent Sacramento suburbs with AHI $123K/yr in 1 mile.  10 yrs remaining lease term with UC Davis Medical Group (AA- S&P rated).  NOI $630K/yr. $10M. 6.3% cap.

© Transmercial 2013