07-17: Chili's, Goodwill, MOB, Apartments, Office Buildings

1. Apartments in Sacramento, CA: 20-unit attractive two-bedroom townhouse-style apartments on .98 ac lot in growing area. 15-units have been fully remodeled. Close to parks, schools and shopping centers. NOI $127K/yr. $2.125M. 6% cap.
2. Apartments in Carmichael, CA: 22-unit spacious two-bedroom apartments on 1.44 ac lot in upper middle-class (AHI $75K/yr) Sacramento suburbs. NOI $98K/yr. $1.25M. 7.86% cap.
3. Office Building in Santa Rosa, CA: 8,700 SF Class-B office building in a growing area North of San Francisco. 100% NNN leased with credit/national tenants. NOI $157K/yr. $2.25M. 7% cap.
4. DaVita Dialysis Center in Laredo, TX: 6500 SF MOB renovated medical office building on .56 ac lot at a signalized intersection in a border city. New 15 yrs NNN- corp lease to DaVita Dialysis. NOI $154K/yr with 10% rent increases every 5 yrs. $2.42M. 6.40% cap.
5. Chili’s (S&P BBB-) in Midland, TX: 6235 SF well performing Chili’s Restaurant on 1+ ac lot in affluent ($138K/yr within 1 mile) oil and gas town. Near off/on ramp of Hwy-250. Tenant has been at this location since 1983. Tenant will be doing an extensive remodel in 2013. New 10 yr absolute NNN corp lease. NOI $170K/yr with a 10% rent bump in 2016. $3.09M. 5.50% cap.  Store with strong sales revenue of $4.3M/year.
6. Goodwill  in Sacramento, CA: 15,000 SF attractive single tenant retail building completed in 2007 on 1.84 ac lot close to I-80. 10 Yr absolute NNN lease with 4 yrs left to regional tenant with 69 locations. NOI $236K/yr with annual rent increases. $3.25M. 7.26% cap.
7. Retail Center in Vista, CA: 16,932 SF consisting of two attractive retail centers built in 2001 on 1.81 ac lot in growing town just North of San Diego. Close to Hwy-78.  82% leased. NOI $249K/yr. $4.225M. 5.91% cap. Upside potential when fully leased.
8. Office Building in Winter Garden, FL: 92,573 SF Class-B office buildings completed in 2005 on 7 ac lot in high income (AHI $94K/yr in 3 mile radius) Orlando suburbs. 86% leased. NOI $777K/yr. $8.85M. 8.78% cap.
9. Apartments in Portland, OR: 5-unit attractive multifamily in middle-class (AHI $74K/yr in 3 mile) area. Close to Legacy Good Samaritan Medical Center. 100% occupied. NOI$61K/yr. $950K. 6.50% cap.

© Transmercial 2013

07-16: Zaxby's, Arizona's Steakhouse, AAP, Retail Centers

1. Retail Center in Carol Stream, IL: 22,891 SF attractive retail center in high income Chicago suburbs. Good tenants mix: Stone Dragon Restaurant, La Huerta Norte restaurant and grocery store, Pop's Place, Quality Meat Market, Fredericks Chiropractor Center, Joe's Liquor Cabinet, Metro Ballas Artes hair salon and Chariot of the Dogs. 90% leased. NOI $198K/yr. $2.4M. 8.29% cap.
2. Retail Building in Phoenix, AZ: 27,873 SF multi-tenant retail center on 2 ac outlot to  Metro Center Mall. With easy access to I-17. 100% NNN leased. NOI $320K/yr. $4M. 8% cap.
3. Zaxby’s in Snellville, GA: 3279 SF Zaxby’s restaurant built in 2003 on .95 ac lot along Hwy-10 in fast growing Atlanta metro. 100% absolute NNN corp lease with 5+ yrs left. NOI $135K/yr with 3% annual rent increases. $1.765M. 7.65% cap.
4. Retail Center in Roseville, CA: 23,094 SF newly constructed retail center in fast growing (115.88% pop growth) and high income (AHI $92K/yr in 3 mile) Sacramento suburbs. Anchored by Goodwill. 92% leased. NOI $267K/yr. $3.825M. 7% cap.
5. Strip Center in Yorba Linda, CA: 6,000 SF mature strip center in affluent (AHI $128K/yr in 1 mile) Los Angeles suburbs. 100% NNN leased. NOI $153K/yr. $2.15M. 7.12% cap.
6. Shopping Center in Rancho Cucamonga, CA: 31,407 SF attractive shopping center built in 2007 on 2.65 ac lot on an off/on ramp of I-15. Across from Victoria Gardens Mall. 100% NNN leased to strong national tenants. NOI $1.031M/yr. $13.9M. 7.42% cap.
7. Strip Center in Belleville, IL: 8969 SF strip center completed in 2008 on 1 ac lot in St. Louis suburbs. Shadow anchored by Target, Home Depot, Office Max and PetSmart. 100% NNN leased. NOI $195K/yr. $2.35M. 8.33% cap.
8. Arizona’s Steakhouse in Lithonia, GA: 6,442 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.  Tenant with 4 Arizona’s + 11 Travina Italian Restaurants. 100% NNN leased with 10 yrs left. NOI $253K/yr. with 2% annual rent bump. $2.98M. 8.50% cap.
9. Retail Center in Wichita Falls, TX: 13,018 SF attractive retail center on 1.30 ac lot at a hard corner location. Across from Sikes Senter Mall. 91% leased to Verizon, Jimmy John’s, Genghis Grill and EZ Money. NOI $290K/yr. $3.635M. 8% cap.
10. AAP in Bellevue, NE: 6784 SF Advance Auto Parts on 1+ ac corner lot in Omaha suburbs. 100% NNN- lease with 5+ yrs left. NOI $107K/yr. $1.299M. 8.24% cap.

© Transmercial 2013

07-15: Gold's Gym, Fletcher Hills Automotive, Applebee's, MOB

1. Gold’s Gym in Hendersonville, TN: 17,592 SF fitness center built in 20011 on 3+ ac lot in growing and high income (AHI $82K/yr) Nashville suburbs. Across from Walmart and Home Depot center. 10 yrs NNN lease with 8 yrs left. NOI $339K/yr with 10% rent bumps every 5 yrs. $4.374M. 7.75% cap.
2. Fletcher Hills Automotive in El Cajon, CA: 5448 SF well maintained single tenant auto center at a corner location in San Diego suburbs. Close to Westfield Parkway, Fwy-67 and I-8. New 10 yrs lease. NOI$76K/yr. $1.15M. 6.50% cap.
3. MOB in Lake Worth, FL: 34,002 SF Class-A medical office building completed in 2009 along main retail corridor in Fort Lauderdale metro. Close to Hwy-93. 88% NNN leased to multiple tenants. $785K/yr. $11.3M. 6.95% cap.
4. Retail Center in North Miami Beach, FL: 8722 SF 6-unit mature retail center along major retail corridor. Adjacent to 738,331 SF The Mall at 163^rd Street. 85% NNN leased with only 1 vacant unit. Pro forma NOI $60K/yr. $1.3M. 8% pro forma cap.
5. Retail Building in Highlands Ranch, CO: 24,000 SF single-tenant attractive retail building constructed in 2004 on 1.70 ac lot in affluent Denver suburbs with an AHI of $128K/yr within in 1 mile. Tenant has been at this location since 2004. 100% NNN leased to Highlands Wine Seller. NOI $300K/yr. $3.699M. 8% cap.
6. MOB in Puyallup, WA: 29,338 SF Class-A medical office building on 2.80 ac lot in fast growing & high income (AHI $96K/yr) Seattle suburbs. Anchored by MultiCare. 94% NNN leased to multiple tenants. NOI $561K/yr. $7.95M. 7.06% cap. Upside potential when fully occupied.
7. Retail Center in Tampa, FL: 12,300 SF well kept retail center in affluent area with an AHI of $120K/yr in 1 mile. 100% NNN leased to three tenants. $2.425M. NOI/Cap not provided.
8. Shopping Center in Brownstown Township, MI: 36,168 SF attractive shopping center on 4.65 ac lot in upper middle class Detroit metro.  Anchored by CVS pharmacy. Across from Kroger center and near I-75. 100% NNN leased. NOI $412K/yr. $4.714M. 8.75% cap.
9. Office Building in Arlington, TX: 7985 SF Class-A office building on .50 ac lot in fast growing Fort Worth/Dallas metro. Close to GM Assembly Plant, with 2,400 employees. Six Flags Mall, Cowboy Stadium and Fwy-360. 100% NNN leased. NOI $118K/yr. $1.295M. 10% cap.
10. Applebee’s in Marietta, GA: 5,668 SF Applebee’s Restaurant on 1.28 ac lot next to I-75 exit in high income Atlanta metro.  Completely remodeled in 2011.  New 20 yrs absolute NNN lease with 18+ yrs left. NOI $159K/yr with 1% annual rent increases. $2.489M. 6.40% cap.

© Transmercial 2013

07-12: Shopping centers, apartments, Office building, Restaurant, Autozone

1. Shopping center in Kennewick, WA: 124,896 SF retail complex on 13.9 ac lot near Columbia Center Mall in a growing city.  Anchored by Amazon.com and Hobby Lobby.  Surrounded by Costco, Burlington Coat Factory,  Best Buy, Ross, Michaels, and more.  93% leased.  NOI $843K/yr. $10.6M. 7.96% cap. 
2. Apartments in Oakland, CA: 96-unit value-add apartments on almost 3 ac lot with mature landscaping & security gates.  100% occupied.  NOI $385K/yr. $5.5M. 7% cap. 
3. Hooters in Tuscaloosa, AL: 3520 SF restaurant built in 2000 on 1 ac outparcel to Lowe’s.  Easy access to I-20 and Hwy 69.  20 yrs absolute NNN lease with 6.5 yrs left.  NOI $121K/yr with 8% rent bump in 2015.  $1.643M. 7.36% cap. 
4. Office Building in Austin, TX: 54,664 SF 5-yrs old class-A office building complex  on 7 ac lot in affluent (AHI $153K/yr in 1 mile) Austin suburbs.  84% leased.  7.75% cap.  NOI/Price not avail. 
5. Restaurant in Rolling Meadows, IL: 9120 SF restaurant on 1.54 ac outlot to Walmart near 1.9MM SF Woodfield Mall in Chicago metro.  Tenant just spent $600K on new build out.  New 5 yrs NNN lease to Flaming Grill Buffet with 12 locations in 6 states.  NOI $136K/yr. $1.52M. 9% cap. 
6. Apartments in Seattle, WA: 15-unit 2-story apartments heavily renovated in the last 5 years.  1 block from Westcrest Park and Highland Park Elementary, one of Seattle' s premier elementary schools. NOI $100K/yr. $1.335M. 7.5% cap. 
7. Autozone in Lincoln, CA: 6967 SF build-to-suit Autozone completed in 2010 in Sacramento suburbs. 10 yrs corp NNN- lease with 7 yrs left.  NOI $62K/yr. with rent bumps each of 5 yr options.  $1.05M. 5.9% cap.

© Transmercial 2013

07-11: Hooters, Mixed-Use, Restaurants, Retail Centers

1. Retail Center in Orlando, FL: 11,203 SF attractive retail center built in 2008 on 1.55 ac lot in fast growing area. Minutes from Walt Disney World and near I-4. 100% leased to Starbucks, Cell Phone Outlet, Gift Shop, Canon Outlet, Tennis Pizza and Subway. NOI $254K/yr. $3.3M. 7.72% cap.
2. MOB in New Braunfels, TX: 19,120 SF Class-A single-tenant medical office building in fast growing and upper middle-class area Northeast of San Antonio. This is a sale/leaseback investment. Proposed 5 yrs NNN lease. NOI $252K/yr. $2.8M. 9% cap.
3. Restaurant in Victorville, CA: 2,000 SF drive-thru restaurant renovated in 2008 on .76 ac lot in San Bernardino County. Close to Mall of Victor Valley and I-15. 100% NNN lease to Los Alazanes Mexican Food with 5 yrs left. NOI $114K/yr with 3% annual rent increases. $1.52M. 7.50% cap.
4. Retail Building in Humble, TX: 41,500 SF attractive retail center on 3.41 ac lot at a main retail corridor in fast growing (493.57% pop growth) and affluent (AHI $117K/yr) Houston metro. Next to Beltway-8. 100% NNN leased to Gold’s Gym and Goodwill Industries with long term leases. NOI $647K/yr with rental increases. $7.8M. 8.30% cap.
5. Hooters in Evansville, IN: 7295 SF Hooters Restaurant on at major retail corridor. Close to Eastland Mall, Washington Square Mall, Evansville State Hospital and St Mary’s Medical Center. New 20 yrs absolute NNN corp lease. NOI $224K/yr with 10% rent bumps every 5 yrs. $2.99M. 7.50% cap.
6. Shopping Center in Chandler, AZ: 57,038 SF consisting of five attractive retail buildings on 6.84 ac lot in growing Phoenix suburbs. Shadow anchored by Sam’s Club. Adjacent to shopping center with Kohl’s, Walmart and 24 Hour Fitness. 96% leased with only one vacant unit. NOI $779K/yr. $10.5M. 7.42% cap.
7. Retail Center in Raleigh, NC: 10,000 SF well maintained retail center in high income area with an AHI of $107K/yr in 3 mile radius. 100% leased. NOI $71K/yr. $950K. 7.50% cap. Upside potential as rent is below market rent.
8. Strip Center in Ammon, ID: 9450 SF newly constructed strip center on 1.24 ac lot in fast growing Idaho Falls suburbs. Close to Grand Teton Mall and Eastern Idaho Regional Medical Center. 66% NNN leased. Actual NOI $120K/yr. $1.5M. 8% actual cap. Upside potential when fully leased.
9. Office/Retail Center in Washington, DC: 44,147 SF eye-catching office/retail center at a signalized intersection in densely populated area with nearly 500,000 residents in 5 mile radius. 94% leased. NOI $787K/yr. $9M. 8.75% cap.
10. Shopping Center in Peoria, AZ: 25,481 SF attractive retail center on 3.58 ac lot at a hard corner location in high (AHI $84K/yr) income Phoenix suburbs. Shadow anchored by Lee Lee International Supermarket. Across from Fry’s Food center and CVS. 86% leased. NOI $377K/yr. $5.25M. 7.19% cap. Upside potential.  

© Transmercial 2013

07-10: Hardee's, Mr. Gatti's Pizza, Office Buildings, Shopping Centers

1. 7-Eleven Retail Center in La Mesa, CA: 7248 SF well maintained retail center in densely populated San Diego County. Anchored by 7-Eleven which has been at this locations for nearly 40 yrs. Across from Costco and near I-8. NNN leases. Pro forma NOI $110K/yr. $1.705M. 6.50% cap.
2. Retail Building in Midland, TX: 70,701 SF shopping center in growing & high income (AHI $100K/yr in 1 mile) oil and gas town. Close to Midland Park Mall and with easy access to Hwy-250. 100% NNN leased to T.J. Maxx/HomeGoods. NOI $377K/yr. $5.811M. 6.50% cap.
3. Shopping Center in Lancaster, CA: 28,301 SF consisting of four retail buildings completed in 1991 on nearly 3 ac lot in growing town just North of Los Angeles. Shadow-anchored by high performing Albertson’s grocery. National tenants include: Jack in the Box and Starbucks Coffee. 92% NNN leased.  NOI $639K/yr. $8.8M. 7.27% cap. Upside potential.
4. Hardee’s in Charlotte, NC: 3157 SF recently renovated fast food restaurant on .71 ac lot on a off/on ramp of I-85. 10 yrs NNN lease with 9 yrs left. NOI $70K/yr with 12% rent increases every 5 yrs. $1.103M. 6.40% cap.
5. Office Building in Colton, CA: 19,290 SF Class-B office building on 1 ac lot close to I-215. & I-10. 95% leased with strong professional tenant mix.  NOI $196K/yr. $2.8M. 7% cap.
6. Shopping Center in Plano, TX: 35,053 SF shopping center on 3+ ac outparcel to Target in growing and high income Dallas suburbs. Close to Hwy-75. 85% leased with good tenant mix. NOI $426K/yr. $5.575M. 7.65% cap.
7. Mr. Gatti’s Pizza in Lubbock, TX: 25,560 SF Mr. Gatti’s Pizza renovated in 1998 in fast growing area. Tenant has been at this location for 15 yrs. 100% NNN lease with 5 yrs left. NOI $172K/yr. $1.917M. 9% cap.
8. Office Building in Lisle, IL: 47,803 SF Class-B office building on over 1 ac lot in high income Chicago suburbs with an AHI of $116/yr in 3 miles. Next to I-88. 100% NNN leased to multiple tenants. NOI $624K/yr. $6.95M. 8.99% cap.
9. Shopping Center in St. Petersburg, FL: 61,757 SF attractive shopping center on 6.59 ac lot along main retail corridor. Close to I-275. Major tenants include: Dollar Tree, Edge Fitness, Radio Shack, Beef O’Brady’s and Domino’s Pizza. 80% leased. $4.35M. NOI/Cap not provided.

© Transmercial 2013