09-16: Ruby Tuesday, Big Lots, Shopping Centers, Fresenius Dialysis, Office Buildings

1. Ruby Tuesday (S&P B-) in Coral Springs, FL: 5067 SF attractive casual dining restaurant completed in 1998 on 1.33 ac outparcel to The Magnolia Shoppes Center with Regal Cinemas. Good demographics: AHI over $105K/yr in a 1-mile radius in Miami suburbs. 20-yrs absolute NNN corp lease with 4-yrs left. NOI $217K/yr. $3.1M. 7% cap.
2. Shopping Center in Naperville, IL: 40,590 SF well maintained shopping center on over 4 ac lot at a signalized intersection in Chicago suburbs. Excellent demographics: 88% pop growth since 2000; AHI of $158K/y in 1 mile. 88% leased to national, regional and local tenants. Actual NOI $573K/yr. $7.05M. 8.14% actual cap. Upside potential when fully occupied.
3. Retail Center in Milford, OH: 13,460 SF retail center on 2 ac lot in upper middle-class Cincinnati suburbs. Adjacent to Kroger supermarket, Meijer Superstore and Home Depot. 100% leased with good tenant mix. NOI $272K/yr. $3.636M. 7.50% cap.
4. Office Building in Santa Ana, CA: 24,215 SF well maintained multi-tenant office building in densely populated Southern California. Close to Western Medical Center and Hwy-55. 60% leased. Actual NOI $196K/yr. $2.808M. 7% cap. Upside potential.
5. Big Lots (S&P BBB-) in Bakersfield, CA: 30,312 SF recently renovated Big Lots on over 3 ac lot along main corridor with several points of access. Recently signed 10-yrs NNN- corp lease. NOI $257K/yr. $4.294M. 6% cap.
6. Retail Center in Warner Robins, GA: 24,549 SF retail center built in 2007 part of Willow Lake Crossing, a 354,050 SF Power Center with Target and Hobby Lobby. National tenants include: Mattress Firm and Hancock Fabrics. Across from 545,500 SF Galleria Mall. 100% NNN leased.  NOI $215K/yr. $3.093M. 7% cap.
7. Retail Center in Hanford, CA: 12,775 SF retail center built in 1994 on 1.23 ac lot along major corridor in a growing area. Shadow-anchored by OSH, Factory 2-U and Staples. Close to Hanford Mall and Adventist Medical Center. 90% leased. Pro forma NOI $ 163K/yr. $2.4M. 6.80% pro forma cap.
8. Retail Center in Mission, TX: 11,990 SF attractive retail center on .79 ac lot in a growing border city in McAllen suburbs. 100% leased. NOI $150K/yr. $2M. 7.50% cap.
9. Fresenius Dialysis Center in Springfield, IL:  6657 SF dialysis center built in 1990 on .65 ac lot in high income area. 100% NNN- till 2022.  NOI $133K/yr with annual rent bumps. $1.858M. 7.15% cap.
10. Retail Center in Lake Zurich, IL: 15,000 well kept retail center on 1.61 ac lot in affluent Chicago metro with an AHI of $125K/yr in 3-mile radius. Tenants include: Subway, State Farm, Dairy Queen, Tacos El Norte and more. 90% NNN leased. NOI $220K/yr. $2.75M. 8% cap.

            (c) Transmercial 2014

09-15: MOB, Burger King, Shopping Centers, Office Buildings

1. Retail Center in Marlton, NJ: 8110 SF attractive retail center built in 2009 on over 1 ac lot in high income (AHI $110K/yr in 3 miles) Philadelphia metro. 100% NNN leased to six tenants. NOI $127K/yr. $1.75M. 7.26% cap.
2. Retail Building in Dallas, TX: 8107 SF well maintained retail building on .62 ac lot at a signalized corner location. Close to I-35. 100% NNN leased to 7-Eleven and Seoul Garden. NOI $136K/yr. $1.949M. 7% cap.
3. Retail Center in Ventura, CA: 7681 SF retail center on .44 ac lot shadow-anchored by CVS in Southern California. Across from Ventura City College and near The Community Memorial Hospital. 100% NNN leased. NOI $146K/yr. $1.95M. 7.51% cap.
4. Strip Center in Noblesville, IN: 6950 SF attractive strip center built in 1995 on .81 ac lot at a major retail artery in growing and high income Indianapolis suburbs. Across from Home Depot and close to Town and County Plaza, with Walmart Supercenter, Kohl’s, Lowe’s, Meijer, Barnes & Noble and Best Buy. 87% leased with good tenant mix. Actual NOI $165K/yr. $2.1M. 7.86% actual cap. Upside potential.
5. Retail Center in Springfield, OH: 17,040 SF retail center built in 2006 on 2 ac lot Northeast of Dayton. Shadow-anchored by Super Walmart. 100% NNN leased to Great Clips, Mercy Medical, Game Stop, Jack’s Pets, Radio Shack and Shoe Show. NOI $205K/yr. $2.395M. 8.57% cap.
6. Shopping Center in Houston, TX: 31,850 SF attractive shopping center on 2.80 ac lot. Major tenants include: El Salvador Consulate, Hispano Americana, RiteMed Pharmacy, CPA, Food Mart, Washateria, Furniture, and Cell Tech. 94% leased. Actual NOI $309K/yr. $3.7M. 8.36% cap. Upside potential.
7. Retail Center in Palm Bay, FL: 32,583 SF well maintained shopping center on 3.61 ac lot in growing Melbourne area. Along main retail corridor with all units facing thoroughfare. 91% leased to 17-tenants. NOI $354K/yr. $3.765M. 9.41% cap.
8. MOB in Whippany, NJ: 22,000 SF Class-A multi-tenant medical office building completed in 2005 on 2.39 ac lot  in affluent New York metro with an AHI of $112K/yr in 1 mile. Tenants include: Ambulatory Surgical Center, Endoscopy Center, Pediatric Group and a Physical Therapy/Wellness Group.  Close to I-287. 100% NNN leased. NOI $463K/yr. $6.35M. 7.30% cap.
9. Burger King in Galloway, NJ: 2814 SF brand new franchised drive-thru fast food restaurant on .91 ac lot in growing coastal town in Atlantic City suburbs. New 20-yrs absolute NNN lease to an experienced franchisee with 8 units. NOI $97K/yr with 10% rent bumps every 5-yrs. $1.35M. 7.25% cap.
10. Shopping Center in North Richland Hills, TX: 22,260 SF attractive shopping center in affluent Dallas suburbs (AHI $143K/yr in 1 mile). Close to Walmart supercenter and Target.  $100% leased.  NOI $440K/yr. $5.5M. 8% cap

            (c) Transmercial 2014

09-12: MOB, Shopping centers, Apartments

Transmercial recently closed these transactions:

·         $5.229M 24,939 SF shopping center in Humble, TX

·         $5.25M 38,924 SF shopping center in Elgin, IL

1. MOB in Altamonte Springs, FL: 26,886 SF 2-story medical office building across the street from Florida Hospital Altamonte in Orlando metro.  Nearly $1M renovation spent since 2009. 100% leased to 12 medical tenants.  NOI $401K/yr. $5.62M. 7.13% cap.
2. Shopping Center in Bakersfield, CA: 31,098 SF shopping center on 2.75 ac lot at a signalized corner.  Anchored by a 12,835 SF Fresh Foods grocery.  97% NNN leased to 10 tenants including a Carls Jr.  NOI $512K/yr. $7.95M. 6.45% cap.
3. Golden Coral in Pasadena, TX: 10,828 SF franchised buffet restaurant on 2 ac lot in Houston metro.  Tenant has been here since 2004 and just renewed 5 yrs extension.  100% NNN lease. NOI $179K/yr. with 10% rent bumps each 5 yrs option.$2.6M. 6.91% cap.
4. Shopping Center in Springs, TX: 23,766 SF upscale shopping center on 6.8 ac lot in affluent Houston suburbs with AHI $127K/yr. 100% NNN leased to 9 tenants.  NOI $498K/yr. $6.876M. 7.25% cap.
5. Shopping Plaza in Mesa, AZ: 94,894 SF well-maintained shopping plaza on 10.43 acres corner lot in Phoenix metro.  95% leased to 10 tenants.  NOI $562K/yr. $6.9M. 8.15% cap.
6. Shopping Center in Phoenix, AZ: 100,260 SF shopping center on 7.54 ac lot at a signalized intersection.  98% leased to 13 tenants with 1 avail unit.  NOI $854K/yr. $10.49M. 8.15% cap.
7. MOB in Columbus, OH: 6000 SF single-tenant medical office building completed in 1997 near Mount Carmel Hospital East.  100% leased to Trinity Health.  NOI $72K/yr. $800K.  9% cap.
8. Apartments in Bakersfield, CA: 16-unit well-maintained 14,730 SF apartments built in 1970 consists of 15 2BR/1BA units and 1 3BR/2BA unit.  NOI $78K/yr. $11.19M. 6.6% cap.
9. Retail Center in Arlington, TX: 55,005 SF shopping center adjacent to The Parks at Arlington Mall in Dallas metro. 100% leased.  NOI $585K/yr. $8.15M. 7.18% cap.

            (c) Transmercial 2014

09-11: Ace Hardware, CBA, MOB, Retail Centers

Client's testimonial:

            David & Maria,
            Words can't describe how thankful we are of you both. We are extremely happy with all that you do! [You are] Simply the best ever! Thank you! 

            David Velasco, President & CEO, Warner Chemical Manufacturing, JB Chemical and P&B Manufacturing (repeated client)

1. Ace Hardware in Spring, TX: 15,500 SF attractive retail building constructed in 2007 on 1.85 ac lot in a fast growing and affluent Huston suburbs with an AHI of $124K/yr in 1 mile. 10-yrs NN lease with 6-yrs left. NOI $186K/yr with an rent bump in 2016. $2.75M. 6.76% cap.
2. MOB in Midland, TX: 17,155 SF well kept medical office building on 1 ac lot anchored by DaVita Dialysis Center in fast growing oil/gas town. 100% leased. NOI $265K/yr. $3.754M. 7.07% cap.
3. Christian Brothers in San Antonio, TX: 4921 SF Christian Brothers Automotive constructed in 2009 on .85 ac lot at a major retail corridor. Across from Walmart Supercenter and Lowe’s. 15-yrs absolute NNN corp lease with over 9-yrs left. NOI $176K/yr with 1.5% annual rent increases. $2.75M. 6.40% cap.
4. Retail Center in Dayton, OH: 20,940 SF in-line retail center built in 2007 on 7½ ac lot.  Shadow-anchored by 68,415 SF Kroger Grocery. 85% NNN leased to Aaron’s Rents, Ross Medical Education and Flexible Staffing. Actual NOI $146K/yr. $1.935M. 8.71% cap. Upside potential when fully leased.
5. Retail Center in Hometown, IL: 10,890 SF well kept retail center adjacent to Walgreens in growing and middle-class Chicago suburbs. 100% leased with mostly NNN leases. NOI $177K/yr. $2.074M. 8.55% cap.
6. Retail Center in Humble, TX: 14,511 SF attractive retail center built in 2005 on nearly 2 ac lot at a hard corner location in affluent (AHI $122K/yr) Houston suburbs. 100% leased. $269K/yr. $3.75M. 7.18% cap.
7. Strip Center in North Hills, CA: 8853 SF in-line strip center on .70 ac lot in densely populated Los Angeles County. Shadow anchored by 99 Cents. Near I-405. 100% NNN leased with good tenant mix including, Metro PCS and Ace Cash Express. NOI $204K/yr. $3.15M. 6.49% cap.
8. MOB in Salt Lake City, UT: 47,458 SF Class-B multi-tenant medical office building at a hard corner location. Across from Salt Lake Regional Medical Center. 94% leased. NOI $589K/yr. $6.931M. 8.50% cap.
9. Shopping Center in Folsom, CA: 40,821 SF attractive shopping center on 4.38 ac corner lot in well-off Sacramento suburbs. Adjacent to Kohl’s, Walmart and 24-Hr Fitness. 85% leased. Actual NOI $559K/yr. $7.25M. 7.70% cap.
10. Retail Center in Orlando, FL: 20,700 SF well kept retail center on 1.85 ac lot along main corridor. All units face main thoroughfare. 91% leased to credit tenants. NOI $167K/yr. $2.05M. 8.18% cap. 

09-10: Dollar Store, Fletcher Hills Auto & Smog, Burger King, Golden Corral, MOB

1. Dollar Store in Sunrise, FL: 3445 SF attractive retail building on .29 ac lot along main road in Fort Lauderdale suburbs. New 10-yrs NNN lease. NIO $94K/yr. $1.3M. 7.30% cap.
2. Fletcher Hills Auto & Smog in El Cajon, CA: 5448 SF well kept 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 $74K/yr. $1.15M. 6.50% cap.
3. MOB in San Jose, CA: rare 19,137 SF Class-B medical office building on 2.38 ac lot in a high income area. On an off/on ramp of I-280. Close to Westgate Center and 574-bed Santa Clara Valley Medical Center. 81% occupied by medical & dental tenants. $6.25M. NOI/Cap N/A.
4. Retail Center in Wall Township, NJ: 15,200 SF attractive retail center constructed in 2003 on 6.25 ac lot in a high income (AHI $101K/yr in 3 miles) coastal city in Philadelphia suburbs. 100% NNN leased. NOI $358K/yr. $5.5M. 6.5% cap..
5. Strip Center in Riverside, CA: 9225 SF strip center built in 2005 on 1.25 ac outparcel to Canton Springs Plaza with Target, Walmart PetSmart and Pier 1 Imports. Across from Moreno Valley Mall and near Fwy-60. 100% leased. NOI $267K/yr. $4.65M. 5.76% cap.
6. Burger King in San Antonio, TX: 2908 SF franchised fast food restaurant constructed in 2006 on .48 ac lot at a hard corner location. Across from Walmart Supercenter. Close to Mission Trail Baptist Hospital and I-37. 100% absolute NNN lease till 2032. NOI $100K/yr with 7% rent bumps every 5-yrs. $1.667M. 6% cap.
7. Apartments in Tacoma, WA: 21-units well maintained apartment complex on .59 ac lot in a fast growing area. Close to Tacoma Mall. NOI $97K/yr. $1.445M. 6.78% cap.
8. Power Center in Rock Hill, SC: 132,629 SF shopping center on 14 acres of land anchored by 68,890 SF Kohl’s and 58,439 SF Hobby Lobby in Charlotte suburbs. Adjacent to Rock Hill Galleria Mall. 100% NNN leased. NOI $1.125M. $14.07M. 8% cap.
9. Golden Corral in Grapevine, TX: 10,204 SF buffet restaurant on nearly 2 ac outlot to Grapevine Mill Mall in fast growing Dallas/Fort Worth suburbs. 100% leased. NOI $179K/yr. $2.5M. 7.19% cap.
10. Retail Center in Hillsboro, OR: 29,515 SF attractive retail center on 1.93 ac lot along Hwy-8 in Portland suburbs. 66% leased. Actual NOI $220K/yr. $2.94M. 7.50% actual cap. Upside potential when fully leased.

            (c) Transmercial 2014

09-09: Burger King, Family Dollar, Just Brakes, Davita, Strip Centers

1. Shopping Center in Goodyear, AZ: 22,737 SF attractive shopping center on nearly 3 ac lot in fast growing Phoenix suburbs. 89% leased with good tenant mix. NOI $292K/yr. $4M. 7.31% cap.
2. Office Building in Milburn, NJ: 5760 SF Class-B multi-tenant office building in a high income (AHI $139K/yr) New York metro. 60% leased. Actual NOI $74K/yr. $1.1M. 6.75% cap. Upside potential.
3. Burger King in San Antonio, TX: 2264 SF franchised fast food restaurant constructed in 2007 on .80 ac lot at a hard corner location. Across from H-E-B Plus Grocery Market and Kohl’s. 100% absolute NNN ground lease till 2032 (land is for sale, tenant owns the building). NOI $80K/yr with 7% rent bumps every 5-yrs. $1.34M. 6% cap.
4. Retail Center in Omaha, NE: 11,472 well maintained retail center completed in 2006 on 1.52 ac outparcel to Super Save Grocery and Kmart. 100% NNN leased. NOI $144K/yr. $1.866M. 7.75% cap
5. Family Dollar in Columbus, OH: 8108 SF renovated Family Dollar on .86 ac lot along main retail corridor in a fast growing area. Close to I-270. New 10-yrs NNN- lease. NOI $126K/yr. $1.688M. 7.50% cap.
6. Retail Center in Raleigh, NC: 14,897 SF well maintained retail center completed in 2000 on 1.88 ac lot in a growing (221% pop growth) and high income (AHI $98K/yr) area. 100% leased. NOI $144K/yr. $1.8M. 8.02% cap.
7. Just Brakes in Mesa, AZ: 3873 SF auto center on .62 ac lot in a growing and upper middle-class Phoenix suburbs. 100% NNN corp lease with 6-yrs left. NOI $96K/yr with 10% rent increases every 5-yrs. $1.25M. 7.68% cap.
8. DaVita in Chicago, IL: 7000 SF dialysis center at a corner location in densely populated area with nearly 500,000 residents in a 5 mile radius. Long NNN lease. Pro forma NOI $111K/yr with 1.5% annual rent increases. $1.48M. 7.5% cap.
9. Retail Center in Newark, CA: 7400 SF retail center on a major artery in San Francisco Bay Area.  100% leased to 5 tenants.  NOI $166K/yr.  $2.65M. 6.29% cap.
10. Strip Mall in Roseville, CA: 6479 SF strip center built in 2008 in affluent (AHI $109K/yr) Sacramento suburbs.  100% leased.  NOI $158K/yr.  $2.2M. 7.2% cap.

            (c) Transmercial 2014

09-08: Fitness Evolution, Golden Corral, Goodwill, MOB, Davita Office Building

Welcome new investors.  Transmercial is the only company in the US 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. Fitness Evolution in Carmichael, CA: 44,000 SF fitness center built in 4.29 ac lo at a hard corner location in upper middle-class Sacramento suburbs. This is a sale/leaseback investment. 20-yrs absolute NNN lease to strong operator with over 50-units. NOI $396K/yr. $5.409M. 7.32% cap.
2. Golden Corral in Greenwood, IN: 10,388 SF franchised buffet restaurant constructed in 2001 on nearly 2 ac outparcel to Meijer Grocery in growing high income Indianapolis suburbs. 100% NNN lease with 14-yrs left to strong franchisee with 13 units. NOI $187K/yr with 10% rent increases every 5-yrs. $2.677M. 7% cap.
3. Grocery Outlet in Escondido, CA: 19,033 SF attractive Grocery Outlet Bargain Market on 1.49 ac lot along major retail artery. Across from Vineyard Square Power Center with Albertsons, Home Depot, 24-Hr Fitness, Big 5 Sporting Goods and more. 10-yrs NNN lease with 9-yrs left. NOI $267K/yr. $5M. 5.34% cap.
4. Office Building in Farmington, UT: 12,897 SF Class-B office building constructed in 2006 on 1.79 ac lot in growing and affluent Salt Lake City with an AHI of $101K/yr in 1 mile. 100% NNN leased with 7-yrs left. NOI $153K/yr. $1.915M. 8% cap.
5. Strip Center in Tulsa, OK: 10,500 SF well maintained strip center on .65 ac corner lot along main artery. 100% leased. NOI $98K/yr. $1.4M. 7% cap.
6. Retail Center in Olathe, KS: 9072 SF attractive retail center constructed in 2008 on over 1 ac lot in high income Kansas City suburbs. Tenants include: Star Farm, Pindrop Hearing and Sovereign Staffing Group. 88% leased. NOI $120K/yr. $1.5M. 8.03% cap.
7. MOB in Freeport, NY: 19,200 SF medical office building anchored by DaVita Dialysis building in high income New York suburbs. 74% leased. NOI $374K/yr. $4.4M. 8.50% cap.
8. Professional Office in Las Vegas, NV: 20,263 SF Class-B professional office building completed in 1997 on 1.33 ac lot just minutes from the Strip and near I-15. 100% leased with good tenant mix. UFC, a Multi-Billion dollar corporation occupies 63% of the building.  NOI $237K/yr. $3.1M. 7.68% cap.
9. Goodwill in Portland, OR: 10,720 SF attractive retail building on .65 ac lot along busy retail corridor in growing and middle-class area. 100% NNN lease with 5-yrs left. NOI $160K/yr. $2.475M. 6.50% cap.
10. Office Building in Long Beach, CA: 23,323 SF Class-B multi-tenant office building in a high income and densely populated Los Angeles County. 96% leased. NOI $222K/yr. $3.075M. 7.25% cap.

            (c) Transmercial 2014

09-05: Fletcher's Tire & Auto, Childtime Learning Center, Aaron's Rent, Office Building

1. Strip Center in Placerville, CA: 4116 SF attractive strip center at a corner location in a growing and middle-class town East of Sacramento. National tenants include: UPS Store and Farm Insurance. 100% NNN leased. NOI $73K/yr. $1.123M. 6.50% cap.
2. Retail Center in Escondido, CA: 15,297 SF well maintained retail center along busy corridor in San Diego County. Adjacent to major thoroughfare with over 30,000 CPD and with easy access to I-15. Long term tenants. NOI $245K/yr. $3.5M. 7.01% cap.
3. Office Building in Roseville, CA: 25,053 SF Class-A multi-tenant office building along major corridor in high income Sacramento suburbs. Adjacent to Kaiser Permanente-Roseville. 100% leased. NOI $405K/yr. $5.785M. 7% cap.
4. Shopping Center in Rowlett, TX: 49,693 SF shopping center on 5.51 acres lot anchored by Big Lots in high income (AHI $86K/yr) Dallas suburbs. 72% leased.  NOI $322K/yr. $4.113M. 7.85% cap. Upside potential when fully leased.
5. Retail Center in Strongsville, OH: 27,401 SF attractive retail center on 2 ac lot in upper middle-class Cleveland suburbs. Close to South Park Mall and I-71. 100% NNN leased. NOI $312K/yr. $3.9M. 8% cap.
6. Fletcher’s Tire & Auto in Mesa, AZ: 7750 SF Fletcher’s Tire & Auto Center on .25 ac lot shadow anchored by Goodwill. 25-yrs absolute NNN lease with 7-yrs left. NOI $138K/yr with 3% annual rent increases. $1.907M. 7.25% cap.
7. Retail Center in Longmont, CO: 21,802 SF well maintained retail center on 1.53 ac lot in Denver suburbs. Near Longmont United Hospital. All units face main road. 93% NNN leased. NOI $194K/yr. $2.6M. 7.47% cap.
8. Childtime Learning Center in Temecula, CA: 8280 SF day care facility built in 2001 on over 1 ac lot in a fast growing and high income Riverside County with an AHI of $83K/yr in 3-miles. Across from Rancho Temecula Town Center with LA Fitness, BeVo!, Sprouts Farmers Market and Rite Aid Pharmacy. 100% NNN corp lease with 4-yrs left. NOI $207K/yr. $3.2M. 6.50% cap.
9. Aaron’s Rent in Phoenix, AZ: 7000 SF newly constructed single-tenant retail building on nearly 1 ac lot in a fast growing (184% pop growth since 2000) middle-class area. Across from Walmart Supercenter. New 10-yrs NNN corp lease. NOI $115K/yr. $1.925M. 6% cap.
10. Retail Center in Madison Heights, MI: 18,300 SF retail center on 1.79 ac lot in Detroit suburbs. Across from Sam’s Club and near I-75. 100% NNN leased. NOI $153K/yr. $2.1M. 7.30% cap.

            (c) Transmercial 2014

09-04: PetSmart, Treatment Facility, Pier 1 Imports, MOB

1. Retail Center in Sacramento, CA: 7939 SF high quality constructed retail center constructed in 2005 on .61 ac lot at a signalized corner location. Near Sutter Memorial Hospital. 100% leased to six tenants including Starbucks and Subway. NOI $202K/yr. $3.3M. 6.14% cap.
2. Retail Center in Oldsmar, FL: 11,885 SF attractive retail center on 1.25 ac lot along major corridor in high income Tampa suburbs. Close to Walmart Supercenter. 81% leased. NOI $170K/yr. $2.063M. 8.25% cap.
3. PetSmart in Saint Charles, MO: 25,015 SF retail building constructed in 1992 on 2.30 ac outlot to Power Center with Sam’s Club, Walmart, 24-Hr Fitness and Office Depot. Next to I-70. Tenant has been at this location for over 20-yrs. 100% NNN lease with 9-yrs left. NOI $229K/yr. $3.4M. 6.75% cap.
4. Treatment Facility in Cottonwood Heights, UT: 40-bed consisting of beautiful treatment facility and two off-site living centers Salt Lake City suburbs consisting of 22,147 SF in 3 separate buildings. 10-yrs absolute NNN lease with 9-yrs left to a The Elements Behavioral Health, with 17 successful facilities. NOI $319K/yr. $4.118M. 7.75% cap.
5. Retail Center in Champlin, MN: 9000 SF attractive retail center built in 2003 on 1.32 ac lot in high income Minneapolis suburbs. 100% NNN leased. NOI $141K/yr. $1.88M. 7.50% cap.
6. Retail Plaza in Frisco, TX: 17,105 SF retail center built in 2006 on 1.98 ac lot in upper middlass Dallas metro.  100% NNN leased.  NOI $317K/yr. $3.6M. 8.85% cap.
7. Pier I Imports in Lafayette, IN: 9013 SF single tenant retail building across from Tippecanoe Mall. Tenant has been at this location since 1995. 100% NNN recently extended lease with 5 yrs left. NOI $126K/yr.  Price reduced from $1.534M to $1.489M. 8.50% cap.
8. Retail Center in Davenport, IA: 11,142 SF eye-catching retail center on 1.56 ac outparcel to Dick’s Sporting Goods and ALDI Supermarket. Across from Super Target. 100% leased by Chipotle, Aspen Dental, Select Comfort and Vitamin Shoppe. NOI $284K/yr. $4.062M. 7% cap.
9. Retail Center in Apex, NC: 15,781 SF consisting of two retail center on 2.41 ac lot in fast growing and high income (AHI $110K/yr in 3 miles) Raleigh suburbs. 100% leased. NOI $258K/yr. $3.132M. 8.25% cap.
10. MOB in Escondido, CA: 9600 SF Class-B single-tenant medical office condo in a building constructed in 2012 on .49 ac lot in growing San Diego County. Close to Palomar Medical Center. 100% NNN lease with 5-yrs left to People’s Care. NOI $146K/yr with rent increases. $1.949M. 7.52% cap.

            (c) Transmercial 2014

09-03: Car Wash, CareNow, MOB, Shopping Center

1. Shopping Center in Tucson, AZ: 86,680 SF attractive shopping center on 7+ ac lot at a hard corner location anchored by 32,734 SF Sprouts Farmers Market. 93% NNN leased. NOI $794K/yr. $8.59M. 9.25% cap. Upside potential.
2. Car Wash in Thousand Oaks, CA: 2152 SF fully equipped self-service car wash in a high income (AHI $96K/yr in 3 miles) Los Angeles suburbs. Close to The Oaks Mall and Hwy-101. NOI $144K/yr. $1.975M. 7.31% cap.  Note: both business and real estate included in the sale.
3. CareNow in Grapevine, TX: 3855 SF single tenant urgent medical care center constructed in 1998 outparcel to 1,600,000 SF Grapevine Mills Mall in Dallas/Fort Worth suburbs. 15-yrs NNN corp lease with 4-yrs left. NOI $159K/yr. $2.1M. 7.60% cap.
4. Office Building in Delran, NJ: 20,600 SF Class-B multi-tenant office building in upper middle-class Philadelphia suburbs. NOI $221K/yr. $2.6M. 8.50% cap.
5. Shopping Center in Oxnard, CA: 64,421 SF eye-catching shopping center remodeled in 2004 on 5.47 ac lot at a signalized corner location. Anchored by Big 5 Sports.   Easily accessible with six points of ingress/egress. Near Esplanade Shopping Center with Target, Home Depot and Food For Less. Easy access to Hwy-101. 85% NNN leased to 25 tenants. Actual NOI $1.255M/yr. $17.935M. 7% cap.
6. Strip Center in Milwaukee, WI: 35,749 SF strip center built in 1995 on 2 ac lot. Near Sam’s Club. 100% leased. NOI $324K/yr. $4.45M. 7.30% cap.
7. Retail Center in Saint Cloud, FL: 10,560 SF well maintained strip center on nearly 2 ac lot along main corridor in Orlando suburbs. 100% leased to two tenants. NOI $141K/yr. $1.7M. 8.32% cap.
8. MOB in Merced, CA: 8620 SF Class-A single-tenant medical office building constructed in 2010 on .63 ac lot in a growing city South of Sacramento. Close to Mercy Medical Center-Merced. 100% NNN lease with 6-yrs left to Veterans Administration. NOI $245K/yr. $4.45M. 5.40% cap.
9. Retail Center in Huntington Beach, CA: 10,481 SF attractive retail center built in 2003 on .87 ac outparcel to Target. Great demographics: AHI of $105K/yr in a 1-mile radius. 100% NNN leased. NOI $312K/yr. $6.075M. 5.14% cap.
10. Strip Center in Orlando, FL: 5301 SF attractive strip center at a corner location close to Hwy-408. 100% leased.  $1.8M.

            (c) Transmercial 2014

09-02: MOB, AutoZone, Shopping Centers, Retail Centers

1. Shopping Center in Linden, NJ: 43000 SF well maintained shopping center on over 3 ac lot in densely populated and upper middle class New York suburbs. 96% leased to established tenants. NOI $420K/yr. $5.8M. 7.25% cap.
2. Retail Center in Lover Park, IL: 11,208 SF well kept retail center on over 1 ac lot along main corridor in growing and upper middle class (AHI $83K/yr) Rockford suburbs. 100% leased to four tenants. NOI $96K/yr. $1.2M. 8% cap.
3. Shopping Center in Wichita Falls, TX: 85,385 SF shopping center on 7.78 ac lot along major retail corridor. Shadow anchored by Albertsons Grocery. Close to Sikes Senter Mall. 82% leased with excellent tenant mix. NOI $508K/yr. $5.65M. 9% cap.
4. MOB in McKinney, TX: 3300 SF Class-B under construction medical office building in fast growing Dallas suburbs. Across from new Baylor Hospital. New 10-yrs NNN lease. NOI $87K/yr. $1.093M. 8% cap.
5. Neighborhood Center in Indianapolis, IN: 28,069 SF consisting of two retail buildings completed in 1998 on 8.30 ac lot. Shadow-anchored by Kroger Grocery. 68% leased. Actual NOI $199K/yr. $2.6M. 7.66% cap. Upside potential when fully leased.
6. Professional Building in Lisle, IL: 24,000 SF well kept office building on over 1 ac lot in high income Chicago suburbs with an AHI of $108K/yr in 3 miles. 83% leased to medical/professional tenants. NOI $263K/yr. $2.85M. 9.20% cap.
7. MOB in Denton, TX: 3584 SF Class-A single-tenant medical office building on .45 ac lot in fast growing Fort Worth/Dallas metro. Across from Denton Regional Medical Center. Close to North Texas Hospital and I-35E. 100% NNN lease with 4-yrs left to a cardiologist. NOI $76K/yr. $983K. 7.75% cap.
8. AutoZone in San Antonio, TX: 6780 SF AutoZone on .78 ac lot at a hard corner location. 100% NNN corp ground lease (land for sale) with 11-yrs left. NOI $51K/yr with 10% rent increases in 2015 and every 5-yrs thereafter. $1.032M. 5% cap.
9. Strip Center in La Mesa, CA: 7245 SF well maintained strip center at a signalized corner location in densely populated and upper middle-class San Diego County. Close to Hwy-125. 100% NNN leased. NOI $118K/yr. $2.05M. 5.75% cap.
10. Retail Center in Norcross, GA: 11,750 SF attractive retail center on 1.50 ac lot at a signalized intersection in Atlanta suburbs. Along Hwy-23. 89% leased. Actual NOI $149K/yr. $1.799M. 8.30% cap. Upside potential.

            (c) Transmercial 2014

08-29: MOB, Pollo Regio, Neighborhood Center, Office Buildings

1. MOB in Yuba City, CA: 8400 SF Class-A medical office building on .91 ac lot in a growing city North of Sacramento. Close to Fremont Medical Center and Yuba Sutter Mall. 100% absolute NNN leased to Fremont-Rideout Health Group and Jagraj Nijjar, MD. NOI $155K/yr. $2.3M. 6.80% cap.
2. Office Building in Arlington, TX: 10,226 SF Class-A single-tenant office building in Fort Worth/Dallas suburbs. Near 417-bed Texas Health Arlington Memorial Hospital.   New NNN lease to a CPA firm  to be signed at close of escrow.  NOI $214K/yr. $2.75M. 8% cap.
3. Retail Building in Boise, ID: 8430 SF well maintained single-tenant retail building constructed in 2000 on .81 ac lot at a signalized intersection in a growing area. 3-yrs NNN lease to George’s Cycles, the largest bicycle retailer in ID. NOI $84K/yr. $1.124M. 7.50% cap.
4. Retail Center in Warner Robins, GA: 24,549 SF attractive retail center built in 2007 part of Willow Lake Crossing, a 354,050 SF Power Center with Target and Hobby Lobby. National tenants include: Mattress Firm and Hancock Fabrics. Across from Galleria Mall. 100% NNN leased.  NOI $215K/yr. $3.093M. 7% cap.
5. Pollo Regio in McKinney, TX: 2628 SF drive-thru restaurant constructed in 1996 on .79 ac lot along Hwy-75 in Dallas suburbs. 15-yrs absolute NNN lease to strong regional tenant with over 14-yrs left. NOI $96K/yr with a 10% rent bumps every 5-yrs. $1.6M. 6% cap.
6. MOB in Spartanburg, SC: 7,837 SF Class-A medical office building in growing and upper middle-class area with an AHI $73K/yr in 1-mile. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $94K/yr. $1.253M. 7.50% cap.
7. Retail Building in Plano, TX: 11,645 SF attractive retail building on 1.38 ac lot in Dallas suburbs. Along Hwy-75. 100% leased. NOI $235M. $3.361M. 7% cap.
8. Shopping Center in Garland, TX: 33,366 SF well maintained shopping center on 2.41 ac lot along major corridor in Dallas suburbs.  Close to Walmart and I-635. NOI $295M. $3.94M. 7.50% cap.
9. Neighborhood Center in Plano, TX: 124,567 SF shopping center in Dallas suburbs. Along Hwy-75. Shadow anchored by Burlington Coat Factory. NOI $1.322M/yr. $16.527M. 8% cap.
10. Retail Center in Dallas, TX: 17,946 SF attractive retail center on 1.76 ac outparcel to Super Target. 100% leased. NOI $421K/yr. $6.24M. 6.75% cap.

            (c) Transmercial 2014

08-28: Planet Fitness, MOB, Liberty Dialysis, Oliver's Market, Strip Centers

Welcome new investors.  Transmercial is the only company in the US 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. Planet Fitness in La Puente, CA: 20,500 SF well maintained Planet Fitness on 2.28 ac lot along major retail artery and in densely populated Los Angeles County. 100% NNN lease with 13-yrs left. NOI $307K/yr. $5.3M. 5.80% cap.
2. Strip Center in Concord, NC: 4475 SF eye-catching strip center on .48 ac outparcel to 79,576 SF Harris Teeter Grocery in high income Charlotte metro. 100% leased. NOI $84K/yr. $1.206M. 7% cap.
3. MOB in Greenville, SC: 5403 SF Class-B medical office building across from Greenville Memorial Hospital. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $64K/yr. $864K. 7.50% cap.
4. MOB in Spartanburg, SC: 7837 SF Class-A medical office building in growing and upper middle-class area with an AHI $73K/yr in 1-mile. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $94K/yr. $1.253M. 7.50% cap.
5. Shopping Center in Beaumont, TX: 80,491 SF shopping center renovated in 2011 on 8 ac lot. Across from Parkdale Mall and near Hwy-287. 100% leased. NOI $1.094M/yr. $13.995M. 7.82% cap.
6. Medical Office Building in Fresno, CA: 11,020 SF Class-A office building at a corner location in a fast growing area. 100% NNN leased to three tenants. NOI $192K/yr. $2.756M. 7% cap.
7. Strip Center in Las Vegas, NV: 14,880 SF attractive strip center built in 207 on 1.66 ac lot along major artery. 92% lased. NOI $287K/yr. $3.995M. 7.20% cap.
8. Liberty Dialysis in Castle Rock, CO: 8450 SF Class-A dialysis center on 1.59 ac lot in fast growing (312% pop growth) and affluent Denver suburbs with an AHI of $101K/yr. Adjacent to Walmart Supercenter, brand new Natural Grocers and Target. 100% NNN lease with 5-yrs left to Liberty Dialysis (owned by Fresenius Medical Care). NOI $282K/yr. $3.64M. 7.75% cap.
9. Retail Center in Fresno, CA: 8300 SF retail center built in 2009 on .85 ac lot. Close to Hwy-3. 100% NNN lased to three tenants. NOI $106K/yr. $1.453M. 7.30% cap.
10. Oliver’s Market in Santa Rosa, CA: 22,452 SF highly rated grocery store constructed in 1980 on 2.83 ac lot in a growing area just North of San Francisco. 100% absolute NNN lease to a strong regional tenant with 2-yrs left. NOI/Price N/A.

            (c) Transmercial 2014

08-27: MOB, Mixed Use, FastMed, Lumber Liquidators, Rite Aid

1. MOB in Kissimmee, FL: 37,297 SF Class-A consisting of three multitenant medical office buildings. Across from 321-bed Osceola Regional Hospital. 100% NNN leased. NOI $551K/yr. $7.35M. 7.50% cap.
2. Mixed-Use in Rohnert Park, CA: 17,495 SF retail/office building in growing city just North of San Francisco. Visible and with easy access to Hwy-101. 90% leased. NOI $224K/yr. $3.2M. 7% cap.
3. Retail Center in West Palm Beach, FL: 16,900 SF attractive retail center built in 2008 on nearly 2 ac lot in a fast growing area. 76% leased with national & local tenants. $4.5M. NOI/Cap N/A.
4. Neighborhood Center in Clovis, CA: 91,775 SF shopping center at a hard corner location and along major retail artery shadow anchored by 99 Cents Only. Close to Sierra Vista Mall, Walmart Supercenter, Home Depot and Hwy-168. NOI $1.007M/yr. $13.9M. 7.25% cap.
5. FastMed and Lumber Liquidators in Greenville, NC: 14,400 SF retail building along busy retail corridor. Near Greenville Mall. 100% NNN long-term corp leased. NOI $270K/yr. $3.861M. 7% cap. 
6. Rite Aid in Charlotte, NC: 11,421 SF drug store on 1.82 acres of lot located at hard corner. 100% NNN leased with 5-yrs left. NOI $241K/yr. $3.021M. 8% Cap.
7. Shopping Center in Palmdale, CA: 24,500 SF attractive shopping center on 2 ac lot in growing Los Angeles County. Between Palmdale Regional Medical Center and Hwy-35. 100% NNN leased to six tenants. NOI $432K/yr. 5.4M. 8% cap.

(c) Transmercial 2014

08-25: Strip Centers, Jack in the Box, Shopping Centers

1. Strip Center in Westbury, NY: 5450 SF sell maintained strip center in high income New York suburbs with an AHI of $103K/yr in a 3 mile radius. 100% leased. NOI $94K/yr. $1.45M. 6.50% cap.
2. Jack in the Box in Antioch, CA: 2624 SF drive-thru restaurant on .93 ac outparcel to Walmart in Northern CA. Adjacent to Antioch WaterPark. Close to Hwy-4. 100% absolute NNN lease with 6-yrs left. NOI $151K/yr. $2.8M. 5.40% cap.
3. Shopping Center in Macomb Township, MI: 87,787 SF attractive shopping center on nearly 12 ac lot at a hard corner location in growing and upper middle-class Detroit suburbs. Anchored by Dollar General and Aco Hardware. NOI $576K/yr. $7.2M. 8% cap.
4. Strip Center in Cedar Park, TX: 8000 SF strip center on 1 ac outparcel to Walmart in growing Austin suburbs. Close to Cedar park Regional Medical Center. Tenants include: Mattress Firm, Jet’s Pizza & Brush 32 Dental. 100% NNN leased. NOI $195K/yr. $2.6M. 7.50% cap.
5. Retail Center in Burleson, TX: 18,525 SF retail center built in 2008 on 2.25 ac lot along main retail corridor in Fort Worth MSA. Adjacent to Super Malmart. Pro forma NOI $200K/yr. $2.658M. 7.5% pro forma cap.

(c) Transmercial 2014

08-22: Citibank, Carl's Jr./Green Burrito, Wendy's, Shopping Centes

1. Citibank in Richmond, CA: 4677 SF Citibank at a hard corner location in Contra Costa County. Close to Target and I-80. 10-yrs absolute NNN lease. NOI $130K/yr with 1.5% annual rent increases. $2.62M. 5% cap.
2. Retail Center in Belvidere, IL: 23,959SFattractive retail center in growing Rockford suburbs. All units face main corridor. 100% leased to national/local tenants. NOI $385K/yr. $4.06M. 9.50% cap.
3. Carl’s Jr./Green Burrito in Hanford, CA: 4203 SF attractive fast food restaurant on .70 ac outparcel to Orchard Supply, Factory 2—U, 99 Cents Store and Staples. 100% NNN corp lease. NOI $118K/yr. $2.26M. 5.25% cap
4. Shopping Center in Katy, TX: 21,210 SF shopping center built in 2003 in growing and high income Houston metro with an AHI of $155K/yr in 1 mile. Close to Hwy-99. 100% leased. NOI $419K/yr. $4.95M. 8.47% cap.
5. Strip Center in Westminster, CO: 6362 SF attractive strip center constructed in 2008 in growing Denver suburbs. Across from top-performing Walmart Supercenter. Tenants include: Little Caesar’s Pizza, Quizno’s, Super Cuts and KW Liquor Market. NOI $144K/yr. $2.226M. 6.5% cap.
6. Wendy’s in Scottsdale, AZ: 3478 SF Wendy’s restaurant renovated in 2013 on .87 ac  outparcel to Fry’s Grocery in high income Phoenix suburbs. Close to Power Center with Home Depot, DSW, Best Buy and Barns & Noble. Near Scottsdale HLTH Shea Medical Center and Hwy-101. 20-yrs NNN corp lease with 8-yrs left. NOI $143K/yr. $2.876M. 5% cap. 
7. Shopping Center in Indianapolis, IN: 85,062 SF well maintained shopping center constructed in 1995 anchored by Shoe Carnival along Hwy-31. 100% leased. Near Greenwood Park Mall. NOI/Price/Cap N/A.
8. Retail Center in Midvale, UT: 28,889 SF well kept retail center on 2.46 ac lot in growing Salt Lake City suburbs. Close to I-15. 96% NNN lease. NOI $337K/yr. $4.215M. 8% cap.

(c) Transmercial 2014

08-21: AAP, Bank of America, Retail Centers

1. Retail Center in Romeoville, IL: 8158 SF attractive retail center built in 2009 on over 1 ac outparcel to 24-Hrs Walmart Supercenter and Sam’s Club in growing Chicago metro. Tenants include: Panda Express, Royal Cigar, Sport Clips, Sprint and Jersey Mike’s Subs. 100% NNN lased. NOI $220K/yr. $2.995M. 7.35% cap.
2. Shopping Center in San Antonio, TX: 23,673 SF high-quality construction center completed in 2006 on 4.65 ac lot in fast growing (222% pop growth since 2000) and affluent area with an AHI of $114K/yr in 3-mile radius. Close to North Central Baptist Hospital. 100% leased. NOI $516K/yr. $6.8M. 7.60% cap.
3. Retail Center in Katy, TX: 21,350 SF attractive retail center constructed in 2008 on over 2 ac lot in growing and affluent (AHI $132K/yr) Houston suburbs. Close to Hwy-99. 100% NNN leased. 7% cap. NOI/Price N/A.
4. Advance Auto Parts in Kentwood, MI: 7000 SF Advance Auto Parts on nearly 1 ac lot in Grand Rapids suburbs. Adjacent to Rite Aid and across from Walgreens. 20-yrs NN lease with over 4-yrs left. NOI $84K/yr. $1.05M. 8% cap.
5. Bank of America in Greenville, NC: 3800 SF well maintained Bank Of America on .91 ac corner lot along main corridor in fast growing area. 100% NNN corp recently extended lease with 4-yrs left.  NOI $93K/yr. $1.24M. 7.50% cap.
6. Retail Center in Phoenix, AZ: 16,888 SF well kept retail center on 1.22 ac lot in growing middle-class area. Next to CVS Pharmacy. 76% leased. NOI $186K/yr. $2.325M. 8% cap. Upside potential when fully leased.

(c) Transmercial 2014

08-20: MOB, O'Reilly Auto Parts, Business Park, Jiffy Lube, Shopping Center

1. Shopping Center in North Richland Hills, TX: 22,260 SF retail center in affluent Dallas suburbs (AHI $143K/yr in 1 mile). Close to Walmart supercenter and Target.  $100% leased.  NOI $440K/yr. $5.5M. 8% cap.
2. MOB in Haddonfield, NJ: 30,000 SF Class-A multi-tenant medical office building in growing and high income Philadelphia suburbs with an AHI of $93K/yr in 1 mile. 97% leased. NOI $272K/yr. $3.4M. 8% cap.
3. MOB in Brook Park, OH: 18,444 SF well maintained medical office building constructed in 1999 on over 2 ac lot in Cleveland suburbs. Near Southwest General Hospital and I-71. 100% NNN leased. NOI $369K/yr. $4.1M. 9% cap.
4. O’Reilly Auto Parts in Elgin, IL: 7616 SF auto center completed in 2008 on .76 ac lot in growing Chicago suburbs. Adjacent to Jewel-Osco Grocery Center. 100% NNN lease with 9-yrs left. NOI $171K/yr. $2.523M. 6.80% cap.
5. Shopping Center in Austin, TX: 25,952 SF attractive shopping center at a busy corridor in growing & affluent area with an AHI of $105K/yr in 3 miles. Close to Home Depot and Walmart Supercenter. 100% leased to national, regional and local tenants. NOI $694K/yr. $10.286M. 6.75% cap.
6. Strip Center in College Park, GA: 9000 SF well kept strip center on 1.23 ac lot at a major artery in Atlanta suburbs. Close to I-285. 75% leased. NOI $87K/yr. $1.25M. 7% cap.
7. Business Park in Jacksonville, FL: 14,520 SF Class-B business center constructed in 2005 on 3.58 ac lot in a fast growing area. 93% leased. Pro forma NOI $103K/yr. $1.35M. 8% cap.
8. Jiffy Lube in Monroeville, PA: 4154 SF auto center on .34 ac lot at a main retail thoroughfare in middle-class Pittsburgh suburbs. Between Monroeville Mall and I-376. 100% NNN lease. NOI $119K/yr with 7% rent increases every 5-yrs. $1.7M. 7% cap.

c) Transmercial 2014

08-19: Mimi's Cafe, MOB, Retail Centes, Shopping Centers

1. Shopping Center in Goodyear, AZ: 39,974 SF attractive shopping center on over 5 ac lot in fast growing Phoenix suburbs. Shadow anchored by Safeway Grocery. Good tenant mix: H&R Block, UPS, Leslie’s Pools, Papa Murphy’s and Great Clips. 72% NNN leased.  7% cap. NOI/Price N/A.
2. Mimi’s Café in Omaha, NE: 7170 SF French Inspired franchised Restaurant built in 2004 on over 1 ac outparcel to Village Pointe, a 602,000 SF upscale open-air shopping mall. Close to Methodist Women’s Hospital and next to Hwy-6. 20-yrs absolute NNN lease with 10-yrs left. NOI $193K/yr with 10% rent bumps every 5-yrs. $2.766M. 7% cap.
3. Retail Center in Cincinnati, OH: 16,290 SF well maintained retail center on 1.29 ac lot. Across from Tri-County Mall and close to I-275. 100% leased to six tenants. NOI $362K/yr. $4.14M. 8.75% cap.
4. Retail Center in Alsip, IL: 11,238 SF retail center in upper middle-class Chicago suburbs. Tenants include: Cleaners, Hair Salon, Sedona Staffing, Sail Phone, Barber Shop and Restaurant. 100% NNN leased. NOI $137K/yr. $1.45M. 9.50% cap.
5. MOB in Layton, UT: 31,077 SF Class-B medical office building completed in 2003 on nearly 2 ac lot in growing Salt Lake City suburbs. Close to Davis Hospital & Medical Center, Layton Hills Mall and I-15. 100% leased to multiple-tenants. NOI $305K/yr. 4.213M. 7.25% cap.
6. Retail Center in Humble, TX: 15,500 SF attractive retail center constructed in 2013 on 1.45 ac lot in fast growing Houston suburbs. Close to Deerbrrok Mall and I-69. 100% NNN leased to Family Dollar, Midwestern Financial, Little Caesar, K3 Child Care and Cleaners. NOI $233K/yr. $3.224M. 7.25% cap.
7. Retail Center in Waukegan, IL: 12,430 SF well kept retail center in growing Chicago suburbs. Across from Target and Jewel-Osco Grocery. 89% NNN leased to Harris Bank, EZPawn and Virgin Mobile. NOI $165K/yr. $1.7M. 9.75% cap.
8. Office Building in Ventura, CA: 34,243 SF Class-B office building on 1.25 ac lot in growing upper middle-class Southern California. 94% leased to a fine mix of tenants led by Fresenius Medical Care. Actual NOI $357K/yr. $5.95M. 6% actual cap. Upside potential when fully leased.
9. Office Building in Las Vegas, NV: 19,394 SF Class-A medical office building 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. 95% leased. NOI $207K/yr. $2.75M. 7.54% cap.
10. Retail Center in Arlington, TX: 19,957 SF retail center built in 1998 in growing and affluent (AHI $109K/yr) Fort Worth suburbs. 94% leased. NOI $335K/yr. $3.95M. 8.50% cap.

(c) Transmercial 2014

08-18: CVS Pharmacy, Big O Tires, DaVita, Strip Centers

1. CVS Pharmacy in San Bernardino, CA: 15,251 SF CVS Pharmacy on over 2 ac lot at a hard corner location. Adjacent to California State University San Bernardino. 24-yrs NNN corp lease with over 10-yrs left. NOI $353K/yr with 5% rent bumps every 5-yrs. $6.615M. 5.35% cap.
2. Shopping Center in Houston, TX: 32,618 SF attractive shopping center built in 2006 on 2.69 ac lot in a fast growing area. 100% leased. Pro forma NOI $452K/yr. $6.1M. 7.50% cap.
3. Big O Tires in Sacramento, CA: 5923 SF well maintained auto center on nearly 1 ac lot at a major retail corridor. 100% NNN lease with 4-yrs left. NOI $53K/yr. $750K. 7.08% cap.
4. Shopping Center in Midland, TX: 92,356 SF well maintained shopping center in growing oil/gas town. 100% NNN leased with national, regional and local tenants. NOI $669K/yr. $8.225M. 8.14% cap.
5. DaVita in Houston, TX: under construction DaVita Dialysis Center next to I-10. Long NNN lease. NOI $182K/yr. $2.919M. 6.25% cap.
6. Shopping Center in Newburgh, NY: 62,893 SF beautiful shopping center in growing and upper middle-class New York metro. Shadow anchored by Lowe’s. 100% leased to Michael’s, Barnes & Noble, Pier 1 and TGI Friday’s. 8% cap. NOI/Price N/A.
7. Retail Center in Albuquerque, NM: 23,184 SF retail center on over 2 ac lot. Next to Smith’s Grocery and Walgreens center. 90% NNN leased. 3.1M. NOI/Cap N/A.
8. Retail Center in Jeffersonville, IN: 19,500 SF retail center on 1.78 ac outparcel to Meijer Grocery. Just of Hwy-62. 100% NNN leased. NOI $216K/yr. $2.7M. 8% cap.
9.  Strip Center in Norton Shores, MI: 10,530 SF attractive strip center built in 2004 on 1.26 ac outpad to Lakeshore Marketplace with Hobby Lobby, TJ Maxx and Target. Close to The Lakes Mall and Hwy-31. 81% leased. NOI $130K/yr. $1.395M. 9.30% cap.

(c) Transmercial 2014