03-17: Popeye's, Jack in the Box, Starbucks Coffee, Retail Centers

1. Shopping Center in Las Vegas, NV: 27,101 SF attractive shopping center consisting of four buildings completed in 2008 on 2.65 ac lot next to I-215. 97% NNN leased. NOI $513K/yr. $7.341M. 7% cap.
2. Shopping Center in Sal Lake City, UT: 60,318 SF shopping center on over 4 ac lot at a hard corner location. Multiple access of ingress/egress. Close to I-15/80. 100% leased with good tenant mix such as: EX Loan, Apex Staffing, TASC, multiple restaurants and the major office tenant is Salt Lake County Criminal Justice center. Pro forma NOI $659K/yr. $8.79M. 7.50% cap.  
3. Popeye’s in Raytown, MO: 2882 SF franchised fast food restaurant on 1 ac lot in Kansas City suburbs. Across from Walmart Supercenter. 100% absolute NNN lease with 9-yrs left. NOI $80K/yr with 7.5% rent bumps every 5-yrs. $1.15M. 7% cap.
4. Jack in the Box in Houston, TX: 3016 SF Jack in the Box on .69 ac lot just off of I-45 and across from 1.5M SF Greenspoint Mall. 100% NNN corp lease with 9-yrs left. NOI $72K/yr with a CPI rent increase in 2015. $1.203M. 6% cap.
5. Starbucks Coffee in Racine, WI: 1,738 SF attractive drive-thru Starbucks Coffee on .45 ac lot in Milwaukee suburbs. Outparcel to 872,409 SF Regency Mall, with over 110 stores.  100% NNN lease with 5 yrs left. NOI $86K/yr. $1.38M. 6.28% cap.
6. Retail Center in Clive, IA: 5600 SF retail building in growing (pop growth 270.89% since 2000) and high income (AHI $150K/yr in 1 mile) Des Moines suburbs. 100% NNN leased to Cost Cutters, Farmer’s Insurance, Little Caesars and Cozy Café. NOI $97K/yr. $1.3M. 7.50% cap.  
7. Retail Building in Machesney Park, IL: 10,580 SF retail center in Rockford suburbs. 100% NNN leased to seven tenants. NOI $162K/yr. $1.8M. 9% cap.

            (c) Transmercial 2014

03-14: Buffalo Wild Wings, Apartments, Retail Centers

1.       Retail Center in Lodi, CA: 7573 SF attractive inline retail center built in 2008 in San Joaquin Valley. Shadow anchored by S-MART Foods and Rite Aid. 100% NNN leased to six tenants. NOI $163K/yr. $2.285M. 7.16% cap.

2.       Apartments in San Diego, CA: 10-units well maintained apartment complex in densely populated and middle-class area. 100% occupied. Pro forma NOI $71K/yr. $1.049M. 6.80% cap.

3.       Buffalo Wild Wings in Lansing, IL: 8,000 SF Buffalo Wild Wings restaurant renovated in 2009 on nearly 1 ac lot in upper middle class & densely populated Chicago metro. New 10 yrs NNN lease. NOI $108K/yr with 7.5% rent increases every 5 yrs. $1.542M. 7% cap.

4.       Strip Center in Edison, NJ: 7200 SF strip center in high income New York metro with an AHI of $113K/yr in 3 miles. 100% leased. NOI $134K/yr. $1.9M. 7.06% cap.

5.       Retail Center in Lewisville, TX: 15,405 SF attractive retail center on 1.66 ac lot in growing Fort Worth/Dallas suburbs. Near I-35E. 94% NNN leased. NOI $182K/yr. $2.3M. 7.01% cap.

6.       Shopping Center in Fairview, TX: 18,636 SF eye-catching shopping center on 2.75 ac lot in high income (AHI $120K/yr) Dallas suburbs. Close to The Village Fairview, The Village at Allen, Allen Premium Outlets and Hwy-75. 100% NNN leased. NOI $281K/yr. $4M. 7.03% cap.

7.       Apartments in Tacoma, WA: 30-unit well kept multifamily complex on 1 ac lot close to schools, parks and shopping centers. 100% occupied. NOI $190K/yr. $2.235M. 8.50% cap.

            (c) Transmercial 2014

03-13: DaVita Dialysis, MOB, Apartments, Retail Centers

1. Retail Center in Turlock, CA: 17,978 SF well kept retail center on over 1 ac lot at signalized locations in a growing town Central Valley. 78% leased. NOI $106K/yr. $1.335M. 8% cap.
2. Office Building in Vancouver, WA: 18,000 SF Class-A office building on 2.55 ac lot in growing Portland suburbs. 100% NNN leased to multiple tenants. NOI $257K/yr. $3.42M. 7.52% cap.
3. DaVita in Escondido, CA: 7025 SF attractive dialysis center in growing Southern California. Near Palomar Medical Center. Tenant has been at the property since 1997. 100% recently extended NNN lease with 6-yrs left. NOI $215K/yr with 3% annual rent increases. $3.4M. 6.34% cap.
4. Office Building in Pacific Grove, CA: 21,469 SF attractive office building on 2+ ac lot in an high income coastal town with an AHI of $89K/yr. Outparcel to center with Savemart & Rite Aid. 96% NNN leased. NOI $367K/yr. $4.9M. 7.50% cap.
5. MOB in Jacksonville, FL: 26,108 SF Class-B multi-tenant medical office building completed in 2000 on 3 ac lot. Close to I-295. 100% NNN leased. 8% cap. NOI/Price N/A.
6. Apartments in Sacramento, CA: 16-units well maintained apartment buildings close to schools, parks and Hwy-99/50. 90% occupied. Pro forma NOI $52K/yr. $879K. 7.60% cap.
7. Retail Center in Largo, FL: 16,000 SF retail center built in 1991 on 2.41 ac lot along main corridor in Tampa suburbs. Across from Largo Mall. 100% leased to Verizon Wireless and Mattress Firm. NOI $252K/yr. $3.6M. 7% cap.
8. Strip Center in Boca Raton, FL: 6500 SF attractive strip center in high income Fort Lauderdale suburbs. 100% NNN leased to three long term tenants. NOI $136K/yr. $1.65M. 8.29% cap.
9. Strip Center in Anaheim, CA: 5590 SF strip center at a signalized corner location in densely populated Los Angeles area. 100% NNN leased. NOI $122K/yr. $1.88M. 6.50% cap.
10. Apartments in Fresno, CA: 18-units multifamily complex in fast growing middle-class area. 97% occupied. Actual NOI $121K/yr. $1.4M. 8.71% cap.

            (c) Transmercial 2014

03-12: Napa Auto Parts, MOB's, Strip Centers

1. MOB in Las Vegas, NV: 19,394 SF Class-A medical office building completed in 1997 at a hard corner location and in high income area. Across from Albertson’s & CVS center. Close to 340-bed Mountain View Hospital and Hwy-95. 85% leased to 4 tenants, 3 of them medical/dental. NOI $207K/yr. $2.75M. 7.54% cap.
2. Napa Auto Parts in Vallejo, CA: 7500 SF auto center renovated in 2006 on .61 ac lot at a signalized corner location Northeast of San Francisco. 100% NNN- lease with 10-yrs left to experienced franchisee. NOI $117K/yr with 10% rent bump in 2019. $1.468M. 8% cap.
3. Retail Center in Greenwood, IN: 12,200 SF attractive retail center built in 2008 on 1.28 ac outparcel to Greenwood Park Mall in Indianapolis suburbs. 100% NNN leased with excellent tenant mix. NOI $259K/yr. $2.975M. 8.70% cap.
4. MOB in Bloomington, IN: 15,946 SF Class-A medical office building completed in 1996 on 1 ac lot close to 293-bed IU Health Bloomington Hospital and Monroe Hospital. 100% NNN lease with 8-yrs left to Urology Medical Practice/Ambulatory Surgery Center. NOI $384K/yr. $4.5M. 8.54% cap.
5. Professional Buildings in Peoria, AZ: 10,170 SF consisting of two buildings constructed in 1999 in fast growing Phoenix suburbs. 100% leased to multiple tenants, most of them medical. NOI $151K/yr. $1.85M. 8.20% cap.
6. MOB in Greenville, NC: 18,272 SF Class-A medical office building on 1.50 ac lot in fast growing (120.74% pop growth since 2000) area. Near Vidant Medical Center. 100% NNN lease with 5-yrs left to ECU Physicians. NOI $245K/yr. $2.8M. 8.75% cap.
7. Strip Center in San Antonio, TX: 11,960 SF strip center built in 2007 on 1+ ac corner lot in growing and upper middle class area. 100% leased with long term tenants. NOI $178K/yr. $2.5M. 7.13% cap.

            (c) Transmercial 2014.

03-11: Starbucks Coffee, Arby's, MOB, Retail Center

1. Retail Center in Hampton, GA: 27,600 SF shopping center built in 2006 on 8+ ac lot in fast growing Atlanta metro. Property include a shopping center and a 1.83 ac  separate parcel valued at $400K.  Tenants include: CATO, Snap Fitness, Goodwill, Hibbett Sports, Little Caesar’s, Sally Beauty, Palmer Insurance and Classy Nails & Cuts. Along major retail artery and between Walmart and Home Depot. 80% NNN leased. Actual NOI $236K/yr. $3.1M for both center and parcel.  7.61% cap..
2. Starbucks Coffee in Hickory, NC: 1,870 SF free-standing retail building constructed in 2008 on .78 ac lot located at prime retail location. Close to Valley Mills Mall. On an off/on ramp of I-40. 10-yrs NN lease with 5-yrs left. NOI $98K/yr. $1.315M. 7.50% Cap.
3. Retail Center in Saint Joseph, MO: 7956 SF attractive retail center built in 2008. Shadow anchored by Kohl’s, Hollywood Cinemas, Target, Bed Bath & Beyond & Best Buy. 100% NNN leased to Buffalo Wild Wings, Sprint and Allure Nails. NOI $198K/yr. $2.45M. 8.10% cap.
4. Office Building in Westerville, OH: 43,595 SF well maintained office building on nearly 5 ac lot in growing upper middle-class Columbus suburbs. 100% NNN lease with 7-yrs left to TPUSA, a subsidiary of Teleperformance, a public company. NOI $580K/yr with annual rent increases. $6.95M. 8.35% cap.
5. Retail Center in Cleveland Heights, OH: 18,485 SF attractive retail center on 2 ac lot in Cleveland suburbs. Tenants include: Family Dollar, Pizza Hut, Check into Cash, Food Mart, Dry Cleaners and Coventry Poultry. Close to 615,573 SF Severance Town Center. 100% leased. NOI $126K/yr. $1.348M. 9.41% cap.
6. Neighborhood Center in Yuba City, CA: 123,283 SF well kept shopping center on nearly 7 ac lot North of Sacramento. Anchored by Dollar Tree and Reibe’s Auto Parts. 100% leased. NOI $683K/yr. $9.4M. 7.28% cap.
7. Arby’s in Apache Junction, AZ: 1496 SF Arby’s restaurant built in 1990 along major retail artery in growing Phoenix suburbs. Across from Walmart Supercenter. 20-yrs NNN lease with 12-yrs left. NOI $78K/yr with a 7.5% rent bump in 2016. $975K. 8% cap.
8. Retail Center in Macon, GA: 24,000 SF attractive retail center built in 2003 on 2.34 ac outparcel to Walmart Supercenter. In fast growing area and close to I-475. 50% leased to Dollar Tree, Jersey Wings and Indian Restaurant. Only $850K. NOI/Cap N/A.
9. MOB in Lake Worth, FL: 34,579 SF Class-B medical office building on over 2 ac lot along main thoroughfare. Between 460-bed JFK Medical Center and Palm Beach State College. 80% leased to multiple tenants. NOI $542K/yr. $6.645M. 8.17% cap.

            (c) Transmercial 2014

03-10: Jack in the Box, Family Dollar, Checkers, Office Complex

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on CBRE, M&M, SVN, and various other sources.   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 for selection criteria.  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. Jack in the Box in Fresno, CA: 2429 SF drive-thru fast food restaurant at a hard corner location and along main retail artery. 10 yr absolute NNN corp lease with 7 yrs left. Tenant has been at this location 30+ yrs.  NOI $100K/yr with a CPI rent bump in 2016 at an amount not to exceed 12%. $1.9M. 5.28% cap.
2. Retain Center in Fresno, CA: 12,430 SF attractive retail center built in 2007 on 1+ ac lot. Tenants include: Wells Fargo, Papa Murphy’s, Take’N’Bake Pizza, Lety’s Mexican Grill, A-1 Eyebrow and Beauty Salon & Mane Attraction Hair Salon. Adjacent to Walgreen’s pharmacy. 100% NNN leased. NOI $260K/yr. $3.6M. 7.25% cap.
3. Shopping Center in Bellflower, CA: 44,009 SF well maintained shopping center completed in 1991 on 1.65 ac lot at a signalized corner location in Los Angeles County. Close to Hwy-91. 86% leased with excellent tenant mix including Jack in the Box and 7-Eleven. Actual NOI $669K/yr. $9.995M. 6.70% actual cap. Upside potential.
4. Family Dollar in Fort Worth, TX: 8320 SF retail building constructed in 2001 on 1½ ac lot at a signalized location in fast growing area. 10-yrs NN lease with 7-yrs left. NOI $126K/yr. $1.45M. 8.75% cap. Buyer to assume $717K fully-amortized loan at 6.3% due on 2021.
5. Office Building in San Antonio, TX: 40,157 SF Class-A office building completed in 2000 on nearly 2 ac lot. Close to Huebner Oaks Power Center, South Texas Medical Center and I-10. 100% leased to multiple tenants. NOI $386K/yr. $5.5M. 7.02% cap.
6. Retail Building in Chicago, IL: 4680 SF retail building remodeled in 2005 in densely populated area with over 900,000 residents in 5 mile radius. Adjacent to 487,000 SF The Brickyard Mall. 100% leased to 7-Eleven and B-Fresh. NOI $111K/yr. $1.275M. 8.78% cap.
7. Checkers in Conyers, GA: 736 SF double drive thru fast food restaurant on .38 acre lot along Hwy-138 in Atlanta metro. Near i-20. 100% NNN ground lease to an operator with 54 locations.  NOI $66K/yr. $942K. 7% cap.
8. Office Complex Scottsdale, AZ: 33,861 SF Class-B consisting of three multitenant office buildings in Phoenix suburbs. 96% leased to 16-tenants. NOI $295K/yr. $4.05M. 7.30% cap.

            (c) Transmercial 2014