11-12: Walgreens, MOB, Mixed-Use, CVS, Retail 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. Walgreens in Rock Island, IL: 13,905 SF drive-thru Walgreens Pharmacy on 1.45 ac lot at a hard corner location. Close to Trinity Medical Center. Tenant has been at this location since 1998. Recently extended NNN- corp lease with 18-yrs left. NOI $316K/yr. $4.7M. 6.74% cap.
2. MOB in Gilbert, AZ: 4561 SF Class-B single tenant medical office building constructed in 2003 in upper middle class Phoenix suburbs. Near Banner Gateway Medical Center and Hwy-60. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $86K/yr with 3% annual rent bumps. $1.195M. 7.25% cap.
3. Community Center in Buffalo, NY: 92,720 SF shopping center on 6.75 ac outparcel to Home Depot and at a major retail corridor in a growing area. 100% NNN leased to Jo-Ann Fabrics and Crafts, Big Lots and Office Max. NOI $840K/yr. 10.425M. 8.06% cap.
4. Mixed-Use in Colorado Springs, CO: 57,900 SF office/retail center at a high traffic location on over 5 ac corner lot in upper middle class area. 85% NNN leased. Actual NOI $618K/yr. $7.5M. 8.25% cap.
5. Shopping Center in Milwaukie, OR: 25,420 SF well kept shopping center on 2 ac lot in growing upper middle-class Portland metro  area. All units face main retail artery. 100% NNN leased. NOI $350K/yr. $4.995M. 7.02% cap.
6. CVS in Yuma, AZ: 15,251 SF CVS Pharmacy constructed in 2000 on 2.51 ac lot adjacent to Southgate Mall with Sears, Burlington Coat Factory, Goodwill and Big 5 Sporting Goods. Close to Yuma Regional Medical Center. 100% NNN corp lease with 6-yrs left. NOI $323K/yr. $4.462M. 7.25% cap.
7. Retail Center in Missouri City, TX: 29,910 SF attractive shopping center on 2.88 ac lot along Hwy-6 in fast growing & affluent (AHI $124K/yr in 1 mile) Houston suburbs. Near Wal-Mart, Kohl’s, Lowe’s and Home Depot. 97% NNN leased. NOI $447K/yr. $5.95M. 7.5% cap. 
8. Retail Building in Las Vegas, NV: 10,987 SF retail building constructed in 2007 on over 1 ac lot at a signalized intersection. 79% NNN leased. Actual NOI $173K/yr. $2.225M. 7.78% cap.
9. MOB in Gilbert, AZ: 3835 SF Class-A single-tenant medical office building completed in 2003 in Phoenix suburbs. Close to Mercy Gilbert Medical Center and Hwy-202. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $72K/yr with 3% annual rent increases. $1.005M. 7.25% cap.

            (c) Transmercial 2014

11-11: 24 Hour Fitness, MOB, Burge King, Shopping Centers

1. Shopping Center in Missouri City, TX: 29,910 SF attractive shopping center on 2.88 ac lot along Hwy-6 in fast growing & affluent (AHI $124K/yr in 1 mile) Houston suburbs. Near Wal-Mart, Kohl’s, Lowe’s and Home Depot. 97% NNN leased. NOI/Price N/A.
2. Retail Building in Augusta, GA: 4200 SF brand new retail building on .85 ac corner lot along major corridor. Near I-520. 100% NNN leased to 2 brand-name tenants:  Dunkin’ Donuts and Firehouse Subs. NOI $100K/yr. $1.44M. 7% cap.
3. Retail Center in Noblesville, IN: 12,080 SF retail center built in 2005 on 1.42 ac outparcel to Home Goods, T-J-maxx, Shoe Carnival, Petsmart, Best Buy and Barnes & Noble in Indianapolis suburbs. 86% NNN leased with only one vacancy.  Actual NOI $175K/yr. $2.195M. 8% actual cap. Upside potential.
4. Strip Center in Ridge, NY: 6000 SF well maintained retail center on 1 ac lot in high income New York suburbs. Only one vacancy. Pro forma NOI $103K/yr. $1.3M. 7.93% pro forma cap.
5. Retail Center in Fresno, CA: 14,040 SF retail center constructed in 2000 on 1.34 ac outlot to Walmart. Tenants include: Kaiser Permanente, Payless Shoe Source, Govind Jewelers, KK Nails, Insurance and Dental Office.  69% NNN leased. Seller to provide 1 yr rent guaranty for the vacant spaces.  NOI $282K/yr. $2.973M. 9.50% cap.
6. 24 Hour Fitness in Tempe, AZ: 46,658 SF well kept fitness center built in 1993 on 7 ac lot in high income Phoenix suburbs. Close to Banner Desert Medical Center, Mesa Community College, and Fiesta Mall. Next to Hwy-101. 100% NNN corp lease with 5-yrs left. NOI $521K/yr. $6.6M. 7.90% cap.
7. Retail Center in Queen Creek, AZ: 10,600 SF retail building completed in 2006 on 1.36 ac lot at a signalized corner location in booming (1,491% pop growth since 2000) and high income (AHI $93K/yr in 3 miles) Phoenix metro. 87% NNN leased. Actual NOI $135K/yr. $1.85M. 7.30% cap.
8. Retail Building in Bakersfield, CA: 7580 SF retail building constructed in 2009 on nearly 1 ac lot at a signalized intersection in growing and upper middle class area. Shadow anchored by In Shape Fitness Center. 82% NNN leased to Western Dental and AT&T.  Pro forma NOI $258K/yr. $3.688M. 7% pro forma cap.
9. MOB in Lady Lake, FL: 4756 SF multitenant medical office building along main corridor across from Villages Regional Hospital. 100% NNN leased. $1.6M. NOI N/A.  Average cap rate 7.5%.
10. Burger King in San Antonio, TX: 3937 SF franchised fast food restaurant built in 1995 on .81 ac outlot to Rolling Oaks Mall with Dillards, Macy’s, JCPenney, and Sears. This is a sale leaseback investment. 20-yrs absolute NNN lease to an experience operator with 20-units. NOI $132K/yr with 7% rent increases every 5-yrs. $2.202M. 6% cap.

            (c) Transmercial 2014

11-10: MOB, Goddard School, Office/Flex, Retail Center

   

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. MOB in Las Vegas, NV: 43,897 SF attractive multi-tenant medical office building constructed in 1997 on 2.60 ac lot adjacent to 340-bed Mountain View Hospital. 87% leased. Actual NOI $762K/yr. $10M. 7.62% cap. Upside potential when fully leased.
2. Shopping Center in Orland Park, IL: 57,499 SF shopping center built in 2006 at a hard corner location in growing and affluent Chicago suburbs with an AHI of $106K/yr in 3 miles. Major tenant include: Jewel Osco Grocery, Starbucks, Jimmy Johns and Chase Bank. NNN. NOI $396K/yr. $6.1M. 6.5% cap.
3. Goddard School in Powell, OH: 8124 SF early childhood preschool education center constructed in 2003 in prosperous (AHI $115K/yr in 3 miles) Columbus MSA. 100% NNN lease with 4-yrs left. NOI $169K/yr. $2.184M. 7.75% cap.
4. Office/Flex Building in Rohnert Park, CA: 23,260 SF well maintained buildings on 1.40 ac lot in fast growing city just North of San Francisco. Easy access to Hwy-101. 100% leased to six professional tenants. NOI $215K/yr. $3.18M. 6.78% cap.
5. Office Building in Sacramento, CA: 20,336 SF Class-C office building close to UC David Medical Center and California State University-Sacramento. 100% leased. NOI $138K/yr. $2.25M. 6.15% cap.  Low price/SF.
6. Retail Center in Clinton Township, MI: 26,552 SF attractive retail center built in 1995 on over 6 ac lot anchored by Dollar General in Detroit suburbs. 94% NNN leased. NOI $200K/yr. $2.165M. 9.25% cap.
7. Retail Center in Chandler, AZ: 13,200 SF eye-catching retail center at a corner location in booming (1,586% pop growth since 2000) and affluent (AHI $112K/yr) Phoenix suburbs. 100% NNN leased. NOI $220K/yr. $3.046M. 7.25% cap.
8. Retail Center in Phoenix, AZ: 15,635 SF attractive retail center across from Wal-Mart, near Home Depot and on/off ramp of Hwy-101.  94% NNN leased. NOI $241K/yr. $3.109M. 7.75% cap.
9. Retail Center in Sacramento, CA: 16,200 SF well kept retail center on 1.28 ac lot at a hard corner location. Across from La Superior Supermercado. Adjacent to shopping center with 99 Cents Only and Harbor Freights Tools. 100% NNN leased to fourteen tenants. NOI $132K/yr. $1.6M. 7.55% cap.
10. Retail Center in Austell, GA: 35,150 SF attractive shopping center built in 2000 anchored by Gold’s Gym in Atlanta suburbs.  Shadow-anchored by Regal Cinema. 91% NNN leased. NOI $347K/yr. $4.086M. 8.50% cap.

            (c) Transmercial 2014

11-07: Wienerschnizel, MOB, Office Buildings, Shopping Centers

Advisory on property visit: Once you review all the leases, financial documents and other documents of the property and are satisfied with them, the next step is to visit the property.  The purpose of the visit is to

1. Make sure there is nothing wrong with the property physically with your own eyes.  While Google Streetview is a powerful tool to "visit" the property, it does not show you clearly the building condition or if the building has structural problems like cracks on the wall.  So walk around the property and also drive around the neighborhood.
2. Ensure all the tenants are doing well in the property.  Bring along the rent roll to verify the tenants are still there and talk to the tenants to see how they are doing or ask any relevant questions you may have, e.g. does the dry cleaner use PERC (a cleaning solvent that may cause soil contamination if spilled)?
3. Meet the property managers. You should meet the current manager and at least another property manager.  If the property is well kept, the tenants are happy and nothing broke that needs fixing then you may want  to retain the current manager.

1. Strip Center in South Elgin, IL: 13,436 SF attractive strip center built in 2007 on 2 ac outparcel to Super Target, LA Fitness, Toys ‘R Us and Ross Dress For Less in growing Chicago suburbs. 100% NNN leased to national tenants including Sherwin Williams, Sports Clips, and Game Stop. NOI $292K/yr. $3.965M. 7.37% cap.
2. Retail Center in Victorville, CA: 21,208 SF recently renovated retail center on over 2 ac lot close to Victor Valley Global Medical Center and I-15. 100% leased. NOI $189K/yr. $2.688M. 7.04% cap.
3. Strip Center in Orlando, FL: 10,250 SF well maintained strip center constructed in 2000 on over 1 ac outparcel to Wal-Mart at a main corridor. Close to Waterford Lakes Town Center, with over 100 stores. 100% NNN leased to Sherwin Williams, MetroPCS, Little Caesars and Ace of Spades. NOI $240K/yr. $3.43M. 7% cap.
4. Retail Center in Las Vegas, NV: 21,015 SF well kept retail center on 1.65 ac lot along main thoroughfare. 97% leased to national & local tenants. NOI $266K/yr. $3.85M. 6.92% cap.
5. MOB in Phoenix, AZ: 10,378 SF well maintained medical office building on .52 ac lot in close proximity to four major hospitals: John C. Lincoln North Mountain, Thunderbird Samaritan Hospital, Phoenix Baptist Hospital, and John C. Lincoln Deer Valley.  Near Metro center Mall and I-17. 61% leased. $934K. NOI N/A.
6. MOB in Prescott, AZ: 7800 SF Class-B multitenant medical office l building on ½ ac lot. 100% leased to multiple tenants with 77% space leased to 2 medical/dental tenants. NOI $82K/yr. $995M. 8.25% cap.
7. MOB in Gurnee, IL: 22,416 SF Class-B medical office building constructed in 1998 on nearly 2 ac lot in growing and high income Chicago suburbs. 100% NNN leased to medical practices. NOI $379K/yr. $5.3M. 7.17% cap.
8. Strip Center in Santa Ana, CA: 8006 SF well maintained strip center along major corridor in densely Los Angeles area with over 700,000 residents in a 5 mile ring. 60% leased to Pizza Hut, Coin Laundry, Video and Tax Service among others. Actual NOI $118K/yr. $1.97M. 6% cap. Upside potential when fully leased.
9. Shopping Center in Carrolton, TX: 57,760 SF attractive shopping center on 4 ac lot in a fast growing and upper middle-class Dallas suburbs with an AHI of $78K/yr in 3 miles. 100% leased. NOI $348K/yr. $4.65M. 7.50% cap.
10. Wienerschnitzel in Henderson, NV: 2017 SF fast food restaurant constructed in 1992 on .49 ac lot in high income Las Vegas suburbs. 100% NNN lease with 3-yrs left. NOI $71K/yr. $825K. 8.72% cap. 

11-06: Rite Aid, MOB, AAA Office Building, Shopping Centers

1. Shopping Center in League City, TX: 28,150 SF attractive shopping center constructed in 2002 on over 3 ac lot in growing and affluent Houston suburbs with an AHI of $109K/yr in 1-mile ring. 100% NNN leased. NOI $526K/yr. $6.412M. 8.21% cap.
2. Retail Center in Washington Township, MI: 17,561 SF attractive retail center built in 2005 on over 3 ac outparcel to Meijer Supermarket in Detroit suburbs. Near Hwy-53. Good tenant mix including: Great Clips, UPS Store, AAA Insurance, Expert Eyes, Miracle Ear and more. Across from Target, Kohl’s and Home Depot. 100% NNN leased. NOI $217K/yr. $2.588M. 8.40% cap.
3. Shopping Center in Noblesville, IN: 40,650 SF well maintained shopping center on 4.60 ac lot. Major tenants include: Fresenius, Starbucks, Sherwin Williams, Supercuts and Edward Jones. Across from 156-bed Riverview Health. 85% NNN leased. Actual NOI $472K/yr. $6.2M. 7.63% cap. Upside potential.
4. MOB in Chicago, IL: 27,007 SF medical office building constructed in 2007 on over 1 ac lot across from Roseland Community Hospital. 100% NNN leased to 7 medical & retail tenants: Fresenius, Chicago Family Health, Roseland Alliance, Roseland Community Hospital, Skylake Chinese, Roseland Nail Spa and Subway. NOI $541K/yr. $5.695M. 9.50% cap.
5. Shopping Center in Saint Cloud, FL: 88,264 SF shopping center and 6300 SF Outback Steakhouse Restaurant on over 10 ac lot anchored by 42,112 SF Gold’s Gym and 13,500 Mizu Supermarket. At a major artery in Orlando suburbs. 99% leased. NOI $771K/yr. $9.25M. 8.34% cap.
6. Retail Center in Orlando, FL: 32,908 SF eye-catching seventeen units retail center on 4 ac lot at a signalized intersection in a fast growing area. Major tenants are JP Morgan Chase FedEx/Kinko's, Verizon, Subway, and Five Guys. 96% leased with only one vacancy. NOI $780K/yr. $9.75M. 8% cap.
7. AAA Auto Club in Hayward, CA: 21,372 SF Class-B multitenant office building on 1.88 ac lot in Alameda County. Across from Chabot College and close to Southland Mall. 53% NNN leased. Actual NOI $191K/yr. $3.199M. 6% cap.
8. Rite Aid in Ogden, UT: 21,000 SF well maintained Rite Aid Pharmacy on .92 ac lot in growing town North of Salt Lake City. Tenant has been at this location since 1965. 7-yrs recently extended NNN- corp lease. NOI $99K/yr. $1.584M. 6.25% cap.
9. AAA Auto Club in Petaluma, CA: 7039 SF Class-B single tenant office building on 1 ac lot in high income town North of San Francisco. 100% NNN lease with 4-yrs left to a credit tenant. NOI $89K/yr. $1.35M. 6.60% cap.
10. MOB in Woodstock, GA: 6840 SF Class-B medical office building completed in 1999 in affluent Atlanta metro with an AHI of $108K/yr in 1 mile radius. 100% NNN lease. NOI $110K/yr. $1.2M. 9.20% cap.

            (c) Transmercial 2014

11-05: Fresenius Dialysis, Rite Aid, MOB, Burger King, Retail 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. Fresenius in Springfield, IL: 6567 SF dialysis center renovated in 2012 on .65 acre lot. 15 yrs NNN- lease with 7 yrs remaining to Fresenius Medical Care with 1,800 centers.  NOI $132K/yr with annual rent increases.  $1.858M. 7.15% cap.
2. Retail Center in Tucker, GA: 15,350 SF retail center constructed in 2000 on 1.40 ac lot in Atlanta suburbs. 100% leased with good tenant mix. NOI $187K/yr. $2.25M. 8.35% cap.
3. Shopping Center in Madison, WI: 33,325 SF attractive retail center constructed in 1990 on 3.56 ac lot with good tenant mix such as Auto Zone, Lumber Liquidators and Harbor Freight Tools. Across from Home Depot and close to Hwy-12. 92% NN leased. Actual NOI $236K/yr. $2.916M. 8.11% cap.
4. Rite Aid in Charlotte, NC: 11,421 SF Rite Aid constructed in 1999 on 1.82 acres of lot located at hard corner. 100% NNN corp lease with 5-yrs left. NOI $241K/yr. $3.021M. 8% Cap.
5. MOB in Florence, KY: 18,283 SF well maintained medical office building renovated/expanded in 2007 on 1.71 ac lot anchored by Fresenius Dialysis Center in Cincinnati suburbs. 100% NNN leased to multiple tenants. NOI $320K/yr. $3.375M. 9.51% cap.
6. Shopping Center in Fishkill, NY: 65,000 SF attractive shopping center on 2.77 ac lot anchored by Gold’s Gym in upper middle-class (AHI $85K/yr) New York MSA. Close to I-84. 100% leased with a strong tenant mix. NOI $477K/yr. $5.3M. 9% cap.
7. Burger King in El Paso, TX: 2716 SF drive-thru franchised fast food restaurant built in 1988 on .52 ac lot in a growing border city. Across from Sam’s Club and Hobby Lobby. On on/off ramp of I-10. 100% absolute NNN lease with 6-yrs left to strong operator with 88 units. NOI $94K/yr. $1.42M. 6.69% cap.
8. Strip Center in Dallas, TX: 9800 SF attractive strip center near UTSW University Hospital, Parkland Memorial Hospital, Children’s Medical Center and I-35E. 100% leased. NOI $176K/yr. $2.2M. 8% cap.
9. Retail Center in Lilburn, GA: 19,600 SF well maintained retail center along main corridor in growing Atlanta suburbs. 90% leased with long term tenants. NOI $209K/yr. $2.324M. 9% cap.
10. Retail Center in Maple Shade, NJ: 15,900 SF attractive retail center in high income Philadelphia suburbs. 100% NNN leased to For Eyes Optical, Men’s Warehouse and Mattress Warehouse. Across from 1,095,000 SF Moorestown Mall and 800,000 SF Eastgate Square. 10% cap. NOI & price N/A.

            (c) Transmercial 2014

11-04: Lee's Famous Recipe Chicken, AAA, Walgreens, Shopping Centers

1. Shopping Center in Plantation, FL: 35,937 SF well maintained shopping center on over 3 ac lot along major corridor in Fort Lauderdale.  Near Plantation General Hospital. NOI $246K/yr. $3.25M. 7.57% cap.
2. Neighborhood Center in Grandville, MI: 60,876 SF shopping center built in 2000 on 6.48 ac lot in Grand Rapids (2nd biggest city in MI) suburbs.  Anchored by Family Fare Supermarket. Across from 1,250,000 SF Rivertown Crossings Mall. 93% NNN leased. NOI $641K/yr. $7.825M. 8.20% cap.
3. Lee’s Famous Recipe Chicken in Dayton, OH: 4950 SF well maintained single-tenant restaurant on .54 ac lot. Next to I-35.  20-yrs absolute NNN lease to an experience operator with 13-units. NOI $120K/yr with 5% rent bumps every 5-yrs. $1.714M. 7% cap.
4. AAA Auto Club in Fresno, CA: 15,571 SF Class-B office building on 1.69 ac lot along major artery. 100% NNN lease with 3-yrs left to AAA, a brand name tenant. NOI $191K/yr. $2.399M. 8% cap.
5. Mixed-Use in Haverstraw, NY: 9000 SF attractive retail/office building on .72 ac lot in growing and high income New York suburbs with an AHI of $97K/yr in 3 miles. 100% leased. NOI $80K/yr. $1.15M. 7% cap.
6. Shopping Center in Phoenix, AZ: 100,260 SF shopping center on 7.54 ac lot at a signalized intersection anchored by Goodwill.  98% leased.  NOI $854K/yr. $10.49M. 8.15% cap.
7. Walgreens in Jacksonville, FL: 13,980 SF established Walgreens Pharmacy on 1.65 ac lot. Near I-95.  Recently extended absolute NNN corp lease with 5-yrs left. $2.455M.
8. AAA Auto Club in Clovis, CA: 12,305 SF Class-B single-tenant office building on 1.45 ac lot in growing Fresno suburbs. Close to Sierra Vista Mall. 100% NNN lease to a credit tenant with 3-yrs left. NOI $164K/yr. $1.35M. 12.20% cap.
9. Shopping Center in Gurnee, IL: 103,938 SF well maintained shopping center on 6.80 ac lot anchored by Salvation Army in growing middle-class Chicago suburbs. 97% leased. Actual NOI $495K/yr. $5.9M. 8.40% cap. Upside potential when fully leased.
10. Shopping Center in Glendale, AZ: 88,227 SF shopping center on 8.65 ac lot at a hard corner location Tenants Include: Fry's Marketplace (Anchor and is a division of the Kroger Company), Jackson Hewitt, Papa Murphy's, UPS Store, JP Morgan Chase, Leslie's Pools.  Major tenants Include: Fry's Marketplace (Anchor), Jackson Hewitt, Papa Murphy's, UPS Store, JP Morgan Chase, Leslie's Pools.  93% leased. $10.25M. NOI N/A.

            (c) Transmercial 2014

11-03: MOB, AAA, Rite Aid, Shopping 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. MOB in Miami, FL: 18,026 SF Class-B consisting of three medical office buildings on 1.63 ac lot adjacent to Baptist Hospital of Miami. 78% leased to multiple tenants. Actual NOI $389K/yr. $5.9M. 6.60% cap. Upside potential.
2.  Retail Center in Marion, OH: 11,870 SF attractive newly constructed retail center on 1.51 ac lot across from The Ohio State University at Marion. 100% leased. NOI $249K/yr. $3.696M. 6.75% cap.
3. Neighborhood Center in Louisville, KY: 74,300 SF well maintained shopping center on 9½ ac lot anchored by grocery store in a fast growing area. 83% NNN leased with good tenant mix. NOI $549K/yr. $7.85M. 7% cap.
4. Shopping Center in Mesa, AZ: 94,894 SF well-maintained shopping plaza on 10.43 acres corner lot in Phoenix metro.  95% leased.  NOI $562K/yr. $6.9M. 8.15% cap.
5. Retail Centers in Houston, TX: 97,576 SF consisting of four retail buildings on over 8 ac lot anchored by Goodwill in a fast growing and high income area. All units face main corridor. 95% NNN leased. NOI $1,140M/yr. $14.25M. 8% cap.
6. AAA in Salinas, CA: 7293 SF Class-B office building in growing Monterey County. With easy access to Hwy-101. 100% NNN lease with over 5-yrs left to AAA, a brand name tenant. NOI $123K/yr. $1.5M. 8.20% cap.
7. Office Building in Santa Clara, CA: 12,900 SF Class-B multitenant office building along main corridor in high income (AHI $100K/yr) Silicon Valley. NNN leased. NOI $172K/yr. $2.7M. 6.39% cap.
8. Office Building in Van Nuys, CA: 10,190 SF Class-A office building completed in 1991 along major artery. Near Valley Presbyterian Hospital and I-405. 100% leased to multiple tenants. Pro forma NOI $180K/yr. $2.2M. 6.50% cap.
9. Rite Aid in Livonia, MI: 11,180 SF Rite Aid Pharmacy built in 1998 on 1.48 ac corner lot in upper middle class Detroit suburbs. Close to Botsford Hospital and Hwy-5. 20-yrs NN corp lease with 4-yrs left. NOI $212K/yr. $2.429M. 8.75% cap.

            (c) Transmercial 2014

10-31: Retail centers, Pizza Hut, Honeybaked Ham

1. Strip Center in Rocklin, CA: 10,080 SF 7-unit strip center on 1.1 ac corner lot in middle-class Sacramento metro with AHI of $85K/yr in 1 mile.  85% NNN leased with 1 vacant unit.  Pro forma NOI $137K/yr.  $1.65M. 8.31% pro forma cap.
2. Shopping Center in Tucker, GA: 368,229 SF shopping center on 38 acres lot across from Northlake Mall in high income (AHI 95K/yr in 1 mile) NE Atlanta suburbs.  Anchored by 43,000 SF Toys R Us, 25,855 SF Petsmart, 26,900 SF Movie Tavern and 24,278 SF Goodwill store. Easy & close access to I-285.  83% leased.  NOI $1.69M. $20M. 8.46% cap.      
3. Office Building in Morgan Hill, CA: 19,247 SF 2-story 12-unit office building on 1.24 ac corner lot on a major artery close to Hwy 101 in high income Silicon Valley suburbs.  93% leased.  NOI $244K/yr. $3.958M. 6.16% cap.  Just over $200/SF.
4. Retail Center in Oceanside, CA: 10,840 SF retail center on .98 ac lot on a major artery with easy access to I-5, a coastal town halfway between Los Angeles and San Diego. 87% leased to 5 tenants plus 2 cell towers. Pro forma NOI $285K/yr. $4.085M. 7% pro forma cap.
5. Strip Center in Plano, TX: 5869 SF strip center built in 2006 in high income Dallas suburbs.  100% NNN leased to 2 tenants: Subway and Chennai Cafe. NOI $129K/yr. $1.85M. 7% cap.
6. Shopping Center in Akron, OH: 14,545 SF shopping center on 1.06 ac lot across from 860,000 SF Chapel Hill Mall.  90% NNN leased to 5 brand-name tenants: Mattress Warehouse, Sprint, H&R Block, Check N' go, and the Men's Wearhouse. Actual NOI $215K/yr. $2.475M. 8.7% cap.  Upside potential when 100% leased.
7.  Office Building in Austin, TX: 69,547 SF 3-story office building on 5.15 ac lot.  Excellent access to MoPac Expressway (Loop 1), Highway 183, and Capital of Texas Highway (Loop 360).  100% NNN leased to multiple tenants.  NOI $672K/yr. $8.346M. 8.06% cap.
8. Pizza Hut in Blasdell, NY: 2895 SF restaurant on .77 ac corner lot across from McKinley Mall in Buffalo metro. 100% NNN lease with 4 yrs left.  Tennant has been here since 1998.  NOI $51K/yr with 10% rent bump in each 5 yrs option. Only $712K. 7.25% cap.
9. Strip mall in Tampa, FL: 10,702 SF strip mall on .52 ac lot in wealthy part of Tampa with AHI $105K/yr in 1 mile.  100% NNN leased.  NOI $188K/yr. $2.55M. 7.37% cap.
10. Honeybaked Ham in Tucker, GA: 5105 SF free-standing  Honeybaked Ham store on 1/2 ac lot near Northlake Mall in high income (AHI 95K/yr in 1 mile) NE Atlanta suburbs.  15 yrs NNN corp lease with 6+ yrs left. NOI $98K/yr. $1.283M. 7.7% cap.

            (c) Transmercial 2014

10-30: Mixed-Use, Neighborhood Center, Strip Centers

1. Shopping Center in Red Oak, TX: 45,761 SF shopping center renovated in 2008 on over 5 ac lot in growing Dallas suburbs. Major tenants include: 19,721 Life School Dallas (a non-profit public charter school with 7 locations), 8400 SF Family Dollar and 6000 SF Anytime Fitness. Adjacent to Walmart Supercenter and near I-35E. 96% NNN leased. NOI $647K/yr. $8.1M. 8% cap.
2. Strip Center in Princeton, TX: 9177 SF attractive strip center constructed in 2004 on nearly 2 ac lot in a fast growing Dallas suburbs. Tenants include: Dickey’s BBQ, Mr. Jim’s Pizza, PT Donuts, Verizon Wireless, Princeton Smiles and T-Nails Salon. 100% NNN leased. NOI $143K/yr. $1.94M. 8% cap.
3. Retail Building in Jacksonville, FL: 6000 SF well maintained retail building on .77 ac outparcel to Marshalls and Winn Dixie grocery center. 100% NNN leased to Foot Locker and Wireless America. NOI $70K/yr. $850K. 8.27% cap.
4. Shopping Center in Spring, TX: 20,790 SF shopping center built in 2006 in growing and high income Houston MSA with an AHI of $103K/yr in 3 miles. All units face main corridor. 100% NNN leased. NOI $335K/yr. $3.95M. 8.50% cap.
5. Neighborhood Center in Indianapolis, IN: 102,678 SF well kept shopping center on 11½ ac lot anchored by Big Lots and a brand new HHGregg. Across from 1,000,000 SF Washington Square Mall. 79% leased. Actual NOI $426K/yr. $5.7M. 7.49% actual cap. Upside potential.
6. Retail Buildings in San Antonio, TX: 8480 SF consisting of two retail centers on 1.26 ac lot. 100% NNN leased to Tacos N Salsa, Gorgeous Hair & Nail Salon, Blimpies, Bahama Bucks, Cleaners and Old Fashion Donuts. NOI $130K/yr. $1.725M. 7.56% cap.
7. Retail Center in Kingwood, TX: 18,107 SF beautiful retail center completed in 2006 on 3.5 ac lot in affluent (AHI $127K/yr) Houston suburbs. 100% NNN leased to four tenants. NOI $251K/yr. $3.2M. 7.80% cap.
8. Retail Center in Aurora, CO: 15,800 SF attractive retail center built in 2004 on 1.64 ac lot anchored by Big 5 Sporting Goods at a hard corner location in high income Denver suburbs. 100% leased. NOI $336K/yr. $4.082M. 8.25% cap. Buyer to assume $2.804M at 5.57% interest rate.
9. Retail Center in Downers Grove, IL: 10,887 SF well maintained retail center in affluent Chicago suburbs with an AHI of $105K/yr. With easy access to I-88 and I-355. 100% NNN leased. tenants include AT&T, Jimmy Johns, Edward Jones and Battery Giant. NOI $197K/yr. $2.159M. 9.12% cap.
10. Mixed-Use in Round Rock, TX: 20,532 SF office/retail center on over 2 ac lot in Austin suburbs. With easy access to I-35. 89% NNN leased. Actual NOI $173K/yr. $2.585M. 6.70% cap. Upside potential when fully occupied. 

            (c) Transmercial 2014

10-29: HHGregg, EZ Pawn, U-Like Buffet, Office Buildings, Retail Centers

1. Retail Center in Kennesaw, GA: 19,173 SF well maintained retail center on 1.38 ac outparcel to Toy’s R Us in growing Atlanta suburbs. Adjacent to Power Center with Home Goods, T-J-Maxx and Marshalls. Across from Town Center at Cobb and between I-75 and I-575. 93% NNN leased. $2.88M. 8% cap.
2. Retail Center in Tampa, FL: 17,935 SF retail center built in 2004 on over 2 ac outparcel to Super Walmart. Good tenant mix including: GameStop, Amscot and Show-Me’s Bar & Grill. 82% leased with mostly NNN leases. Actual NOI $285K/yr. $3.8M. 7.51% cap. Upside potential when fully leased.
3. HHGregg in Chesapeake, VA: 25,150 SF single-tenant retail building constructed in 2010 on over 2 ac lot in growing Norfolk suburbs. Adjacent to Kohl’s, Walmart Supercenter and Sam’s Club. Near 900,000 SF Greenbrier Mall. On on/off ramp of I-64. 15-yrs NNN lease with 11-yrs left to Gregg Appliances Inc. (a regional, publicly traded company, NYSE: HGG) with 228 stores. NOI $401K/yr with rent bumps every 5-yrs. $5.517M. 7.27% cap.
4. Office Building in Littleton, CO: 12,180 SF Class-B multi-tenant office building completed in 2000 on .69 ac lot in a growing and high income (AHI $98K/yr in 3 miles) Denver suburbs. 100% leased to seven tenants. NOI $71K/yr. $975K. 7.33% cap.
5. U-Like Buffet in Tucson, AZ: 9625 SF highly-rated-on-Yelp buffet restaurant redeveloped in 2012 on 1.47 ac corner lot. Close to Park Place Mall and Kindred Hospital Tucson. 10-yrs NNN lease with 7-yrs left to an operator with 7-units. NOI $138K/yr with a rent bump in 2016. $1.652M. 8% cap.
6. EZ Pawn in Houston, TX: 3640 SF well maintained retail building on .57 ac corner lot in growing upper middle class area. Tenant has been at this location for over 45-yrs. Near Memorial Herman Northwest Hospital and I-610. 100% NNN lease with 5-yrs left. 6% cap. NOI N/A.
7. Neighborhood Center in Palmdale, CA: 96,352 SF shopping center on over 5 ac lot anchored by 99 Cents Only in Los Angeles County. Shadow anchored by Home Depot and Sears Outlet. Next to Hwy-14 and near Antelope Valley Mall. NNN leased. NOI $613K/yr. $10.225M. 6% cap.
8. Office Building in Westport, CT: 10,940 SF Class-B office building on .61 ac lot in affluent (AHI $146K/yr in 3 mile radius) New York coastal town. 79% leased to multiple tenants. Pro forma NOI $201K/yr. $2.8M. 7.20% pro forma cap.
9. Shopping Center in Katy, TX: 40,000 SF attractive shopping center in growing (119% growth since 2000) and upper middle class (AHI $83K/yr) Houston suburbs. 90% leased. NOI $294K/yr. $3.5M. 8.40% cap.
10. Retail Center in Washington Township, MI: 17,561 SF attractive retail center in high income Detroit suburbs with an AHI of $91K/yr in 3 miles. Near Hwy-53. Good tenant mix including: Great Clips, UPS Store, AAA Insurance, Expert Eyes, Miracle Ear and more. 100% NNN leased. NOI $217K/yr. $2.588M. 8.40% cap.

            (c) Transmercial 2014

10-28: MOB, Shopping Centers, Retail Centers

1. Retail Center in Phoenix, AZ: 12,980 SF retail center built in 2008 on 1.38 ac lot in fast growing area. Close to I-17. 100% leased. NOI $271K/yr. $3.65M. 7.44% cap.
2. Neighborhood Center in Indianapolis, IN: 50,107 SF well maintained shopping center on over 5 ac lot anchored by 21,500 SF Jo-Ann Fabric. Adjacent to 963,000 SF Washington Square Mall, with Target, Sears, Dicks Sporting Goods and Burlington Coat Factory. 90% NNN leased.  Actual NOI $401K/yr. 4.34M. 9.25% actual cap. Upside potential.
3. Shopping Center in Powel, OH: 49,810 SF shopping center constructed in 2001 on 7.78 ac lot anchored by Discount Drug Mart, a regional tenant with 71 stores. Great demographics: 116% pop growth since 2000 and AHI of $123K/yr in a 3 mile ring. Close to Columbus Zoo and Aquarium. 89% leased. NOI $578K/yr. $6.975M. 8.30% cap.
4. Retail Center in Friendswood, TX: 33,379 SF retail center built in 1996 on 2.46 ac lot in fast growing and affluent Houston suburbs with an AHI of $140K/yr in 1 mile. Adjacent to H-E-B Grocery. 100% NNN leased. 8.5% cap. NOI N/A.
5. Retail Center in Toledo, OH: 21,000 SF retail center completed in 2002 on 2.78 ac lot along main corridor. With easy access to I-475. 100% NNN leased. NOI $185K/yr. $2.16M. 8.60% cap.
6. Neighborhood Center in Glendale Heights, IL: 58,251 SF well kept shopping center on 2.60 ac lot along main thoroughfare and in high income (AHI $83K/yr) Chicago suburbs. 88% leased. NOI $428K/yr. $4.95M. 8.66% cap.
7. MOB in Lake Worth, FL: 34,753 SF Class-B medical office building constructed in 2009 on 1.72 ac lot at major artery and with easy access to Hwy-93. 94% leased to multiple tenants. NOI $833K/yr. $11.49M. 7.25% cap.
8. Retail Center in Aurora, IL: 11,485 SF attractive retail center built in 1998 on 1.26 ac lot in growing Chicago suburbs. 84% leased. Pro forma NOI $183K/yr. $1.995M. 9.21% cap.
9. Shopping Center in Mentor, OH: 103,910 SF well maintained shopping center on over 9 ac lot anchored by Big Lots in Cleveland suburbs. Near on/off ramp of Hwy-2. 91% leased. Actual NOI $517K/yr. $6.47M. 8% cap.
10. Retail Building in Hayward, CA: 18,690 SF two tenant retail center on over 1 ac lot in San Francisco Bay Area. 100% NNN lease to Aaron’s and Larry’s Tire Express. NOI $203K/yr. $3.252M. 6.25% cap.

            (c) Transmercial 2014

10-27: MOB, Office Buildings, Retail Centers, Shopping Centers

1. MOB in Cherry Hill, NJ: 23,000 SF Class-B single-tenant medical office building in high income (AHI $94K/yr in 3 mile ring) Philadelphia metro. Close to Kennedy Hospital and I-295. 100% NNN lease with 5-yrs left to Penn Medicine. NOI $430K/yr. $5.377M. 8% cap.
2. MOB in Maryville, IL: 31,567 SF attractive multi-tenant medical office building on 3 ac lot anchored by DaVita Dialysis Center in growing and high income St. Louis suburbs with an AHI of $92K/yr. Near Anderson Hospital. 91% NNN leased with a strong mix of medical tenants. NOI $454K/yr. $6.35M. 7.15% cap. Upside potential.
3. MOB in Merrillville, IN: 37,328 SF multi-tenant medical office building constructed in 1994 on 5.71 ac lot in Chicago suburbs. Adjacent to Methodist Hospital. 97% NNN leased. NOI $481K/yr. $6.3M. 7.64% cap.
4. Shopping Center in Omaha, NE: 35,206 SF well maintained shopping center on 3 ac lot. Near 145-bed Children’s Hospital and Medical Center & newly proposed redevelopment Crossroad Mall.  91% leased to national and local tenants. NOI $297K/yr. $3.575M. 8.32% cap.
5. MOB in Westfield, NJ: 12,000 SF Class-B recently renovated medical office building in affluent (AHI $130K/yr in 1 mile) New York MSA. NOI $307K/yr. $3.7M. 8.30% cap.
6. Office Building in Livermore, CA: 33,321 SF Class-B office building on over 1 ac lot in growing high income (AHI $106K/yr in 3 mile radius) city East of San Francisco. Close to I-580. 77% leased. NOI $198K/yr. $1.95M. 10.16% cap.
7. MOB in Homewood, AL: 27,915 SF Class-A multi-tenant medical office building completed in 2010 on  Hospital campus of 631-bed Brookwood Medical Center, an affiliate of Tenet Health in Birmingham suburbs. 100% NNN leased to four tenants. 7% cap. NOI N/A.
8. MOB in Whippany, NJ: 22,000 SF medical office building completed in 2005 on 2.39 ac lot in affluent (AHI $112K/yr) New York metro. Near I-287. 100% NNN leased to Ambulatory Surgical Center, Endoscopy Center, Pediatric Group and a Physical Therapy/Wellness Group. NOI $474K/yr. $6.5M. 7.30% cap.
9. Office Building in Bentonville, AR: 32,000 SF Class-B office building on 2.53 ac lot across from Northwest Medical Center-Bentonville. 100% NNN leased with good tenant mix. NOI $306K/yr. $3.55M. 9.05% cap.
10. Retail Center in Hialeah, FL: 24,322 SF 20-units retail center built in 2002 on 1.35 ac lot in Miami suburbs. Close to I-75. 90% leased. NOI $175K/yr. $2.5M. 7% cap.  

            (c) Transmercial 2014

10-24: Buffalo Wild Wings, Dollar General, Auto center, Starbucks, MOB, Shopping centers

1. Buffalo Wild Wings Casselberry, FL: 8100 SF restaurant completed in 2007 on 2 acres outparcel at a signalized intersection on SR 436, one of the busiest arteries in Orlando with over 80,000 cars passing by.  100% NNN corp lease till 2024.  NOI $137K/yr with 10% rent bumps every 5 yrs. $2.292M. 6% cap. Note: priced below construction costs.
2. Dollar General in Lithia Springs, GA:  9025 SF Dollar store built in 2012 on 1.4 ac lot in Atlanta metro. 100% absolute NNN corp lease with 13 yrs left.  NOI $104K/yr. $1.636M. 6.4% cap.
3. Shopping Center in Corpus Christi, TX: new 20,000 SF shopping center on 3.4 ac outparcel to a new Walmart supercenter.  100% NNN leased to 9 tenants.  NOI $444K/yr. $5.514M. 8.05% cap.
4. Shopping Plaza in Sacramento, CA: 14,432 SF retail center on a corner lot.  100% leased to 4 tenants including Panera Bread.  NOI $362K/yr. $5.75M. 6.3% cap.
5. Neighborhood Retail Center in Garland, TX: 100,925 SF center on 10.3 ac lot in Dallas metro.  Anchored by Texas DPS Drivers License Mega Center and Jumping World USA. 78% leased.  NOI $591K/yr.$6.958M. 8.5% cap  Upside potential.
6. Premier retail center in San Bernardino, CA: 5053 SF strip mall on an outparcel to 1.69 million SF and 153-acres Tri-City Corporate Centre with Costco, Sam's Club and Best Buy, along with LA Fitness, La Curacao, Home Depot, Staples, In-N-Out, Outback Steakhouse, Mimi' s Café, Chuck E. Cheese' s and Buffalo Wild Wings.  100% NNN leased to 3 brand name tenants: Supercuts, Five Guys and Togo' s.  NOI $134K/yr. $2.394M. 5.6% cap.
7. Auto Center in Rancho Cucamonga, CA: 17,324 SF 4-unit auto service center built in 2005 on 1.43 ac lot in middle class area. 87% NNN leased to 3 tenants: Meineke, AA smog Center and Elite One Auto Collision center with very low rent of less than $.75/SF.  Pro forma $151K/yr. $2.15M. 7.1% cap. 
8. Adult Daycare center in Corona, CA: 8000 SF adult daycare center on .85 ac lot in affluent area with AHI of $128K/yr in 1 mile.   7 yrs lease renewal to an established adult health care facility with over 20 years of operating history within this same retail center.  NOI $150K/yr. $2.37M. 6.32% cap.
9. Starbucks in Missoula, MT: new 1920 SF Starbucks on 1/2 ac lot.  New 10 yrs NNN-.  NOI $97K/yr with 10% rent bumps every 5 yrs.  $1.772M. 5.5% cap.
10. MOB in Albuquerque, NM: 4713 SF medical office building on 1/2 ac lot in high income area.  100% leased to 2 medical tenants: Spine Surgery, and First Health. NOI $78K/yr. $1.2M. 6.48% cap.

            (c) Transmercial 2014

10-23: Grocery Outlet, Barnes & Noble, MOB, Trader Joes, Five Guys, Castro Oil, Walgreens

1. Grocery Outlet in Escondido, CA: 19,033 SF retail center on 1.49 ac lot on a commercial corridor in San Diego metro.  Anchored by a 16,033 SF Grocery Outlet, a grocery chain with 200+ locations and $1B in revenue with 10 yrs NNN- till 2023.  NOI $267K/yr with 15% rent bump from the anchored tenant  in 2018.  $5M. 5.34% cap.
2. Barnes & Noble in Fort Lauderdale, FL:  27,000 SF trophy bookstore built in 2001 with Hwy 1 frontage in an affluent area.  100% NNN lease with 10+ yrs left.  NOI $462K/yr.  $5.785M. 8% cap.
3. Gilbert Medical Plaza in Gilbert, AZ: 35,142 SF class-A Medical office plaza with 2 buildings in Phoenix metro.  100% leased to 14 mostly medical/dental tenants.  NOI $339K/yr. $4.684M. 7.25% cap.
4. Trader Joe's Center in Tucson, AZ: 20,251 SF shopping center built in 20054 on 2.4 ac lot at the base of Catalina Foothills - the most affluent community in Tucson.  Anchored by 12,000 SF Trader Joe's.  100% NNN leased to 4 tenants.  NOI $440K/yr. $7M. 6.3% cap.
5. Five Guy center in Visalia, CA: brand new 4985 SF retail center on an outparcel to a neighborhood center anchored by Target, Famous Footwear, and Sport Chalet in Central Valley.  100% NNN leased to Five Guys & Pacific Dental, each with 10 yrs lease. NOI $156K/yr. $2.835M. 5.5% cap.
6. Walgreens in Huntington Station, NY: rare 13,905 SF Walgreens on 1.98 ac lot in wealthy New York suburbs. 100% NNN lease with 3 yrs left.  NOI $400K/yr. $6.667M. 6% cap.
7. Baymont Inn & Suites in Jackson, MS: 121-room 5-story hotel built in 2000 on 2.36 ac lot with I-55 frontage. Expected 2014 revenue of $1.2M.  NOI $420K/yr. $3.95M. 10.63% cap.
8. Castro Oil Change in Bakersfield, CA: 2936 SF Castro Oil Change built in 2009 on .75 ac lot.  15 yrs absolute NNN lease with 10 yrs left to an operator with 40 stores.  NOI $98K/yr with 2% annual rent bumps. $1.592M. 6.15% cap.
9. Office Building in Flower Mound, TX: 29,919 SF beautiful office building on 1.47 ac lot in affluent Dallas metro.  100% leased to 6 tenants.  NOI $484K/yr. $5.8M. 8.36% cap.
10. Kaufman Tire In Acworth, GA:  new 6690 SF auto service center built in 2007 on 1.23 ac lot in high income Atlanta suburb. 20 yrs NNN lease with 13 yrs left to an operator with 55 stores.  NOI $194K/yr with 8% rent bumps every 5 yrs. $2.772M. 7% cap.

           

            (c) Transmercial 2014  

10-22: Apartments, Meineke, Wendys, MOB, Walgreens

1. Apartments in La Port, TX: 79-unit well-kept apartments on 1.35 ac lot in Houston suburbs.  100% occupied.  NOI $367K/yr. $3.675M. 10% cap.
2. Strip Center in Pico Rivera, CA: 5300 SF strip center on .31 ac lot in strong income area in Los Angeles.  100% NNN leased to 4 tenants.  NOI $50K/yr. $985K. 5.06% cap.
3. Meineke in Chesterfield, MO: 5535 SF Meineke car care center built in 2004 on 3/4 ac lot in very affluent St Louis suburbs (AHI $159K/yr in 1 mile). 20 yrs absolute NNN lease with 10 yrs left.  NOI $112K/yr with 7.5% rent bumps every 5 yrs.  $1.75M. 6.44% cap.
4. Wendy's in Plantation, FL: 5248 SF fast food restaurant in densely populated Fort Lauderdale metro.  New 20 yrs absolute NNN lease with personal guaranty from a experienced and fast growing franchisee.  NOI $157K/yr with 7.5% rent bumps every 5 yrs. $3.156M. 5% cap.
5.  Walgreens in Madison, WI: 15,555 SF drugstore built in 2007 in high income area.  25 yrs absolute NNN lease with 18 yrs left.  NOI $360K/yr. $6.428M. 5.6% cap.
6. Imaging Center in Boca Raton, FL: 4790 SF medical office condo on the 1st floor in very affluent Fort Lauderdale area (AHI $140K/yr in 1 mile).  100% NNN leased to POM MRI & Imaging Center (an AAAHC Healthcare Accredited Organization) till 2018.  NOI $76K/yr. $895K. 8.5% cap.
7. MOB in Mesa, AZ: 21,654 SF class-A Medical Office Building completed in 1990 & 2008 in high income area.  Easy access to Hwy 60. 100% leased to 3 medical tenants: Deseret Family Medicine and Sonora Quest Laboratories and SimonMed Imaging.  NOI $494K/yr.  $6.5M. 7.6% cap.
8. Walgreens in Orange Park, FL: 13,905 SF drug store on 2.3 acres corner lot in high income Jacksonville metro.  Store with strong sales.  100% NNN- with 2+ yrs left.  NOI $247/yr.  $3.397M. 7.3% cap.
9. MOB in Woodburn, OR: 22,550 SF single-tenant 2-story medical office building on 2.09 ac lot.  100% NNN- to Silverton Health, a strong regional tenant with multiple locations.  NOI $498K/yr with CPI-based annual rent bumps. $6.828M. 7.3% cap.
10. Office Building in Spokane, WA: 23,246 SF single-tenant 2-story office building on 2.24 acres lot completed in 1996 ad renovated in 2006.  10+ yrs absolute NNN leased back to Kelly Brady,  an advertizing agency that has been in business for 35 years with a large client base.  NOI $176K/yr. $1.962M. 9% cap.

            (c) Transmercial 2014

10-21: Burger King, MOB, Walgreens, Fresh & Easy, Jack In the Box, Big Lots

1. Burger King in Cary, NC: 3982 SF Burger King on an outparcel to a Harris Teeter grocery-anchored shopping center in a fast-growing and affluent Durham-Raleigh metro (AHI $140K/yr in 1 mile).  This only Burger King in town has been here since 1997 and  is next to CVS and across from Walmart Neighborhood market. 100% absolute NNN lease with 3 yrs left. NOI $126K/yr. $1.4M. 9% cap.
2. Office Building Plaza in Tucson, AZ: 72,836 SF class-B office building plaza on a major artery consisting of 2 buildings. 93% leased to multiple tenants including: DaVita Dialysis, Steiner Group/Cortiva, and Easter Seals/Blake Foundation.  NOI $584K/yr. $7.3M. 8% cap.
3. Shopping Center in Loveland, OH: 40,313 SF shopping center built in 1998 on 4.29 acres corner lot with easy access to I-275 in affluent Cincinnati metro with AHI of $113K/yr in 1 mile. Anchored by CVS, Burger King and US Bank.  93% NNN leased.  NOI $555K/yr. $7.2M. 7.71% cap.
4. Premier MOB in Valencia, CA: 44,311 SF 3-story class-A Medical Office Building across from 150-store Westfield Valencia Town Center in wealthy Los Angeles area.  NOI $1.192M.  $16.79M. 7.2% cap.
5. Walgreens in Fort Worth, TX: 13,905 SF drug store on 1.5 ac lot at the intersection of 2 major arteries upper middle class Dallas metro.  Store with strong sales of $12+M (top 3%).  100% NNN lease with 15 yrs left.  NOI $289K/yr. $5.175M. 5.6% cap.
6. Shopping Center in Spring, TX: 27,940 SF shopping center in high income Houston suburbs.  I-45 frontage.  100% NNN leased to 11 tenants.  NOI $448K/yr. $5.213M. 8.6% cap.
7. Fresh & Easy & Jack in the Box: 2 new free standing retail buildings consisting of Fresh & Easy grocery and Jack In The Box restaurant on 2.23 ac lot in affluent part of Bakersfield with AHI over $107K/yr in 1 mile.  15 year absolute NNN ground leases (land is for sale, tenants own the improvements). NOI $211K/yr. $4.218M. 5% cap.
8. Shopping Center in Buffalo, NY: 97,720 SF shopping center on 6.74 ac lot in high income area.  100% NNN leased to 3 national tenants: Jo-Ann Fabric & Crafts, Big Lots, and Office Max.  Adjacent to Home Depot, TJ-Max and Toys R Us. 1 block from Eastern Hills Mall. NOI $840K/yr. $10.425M. 8.06% cap.
9. Medical Office building in Phoenix, AZ: 31,600 SF multi-tenant MOB on 2.49 ac lot on a major East West artery in high income area.  78% leased to 15 medical/dental professionals.  NOI $387K/yr. $5.16M. 7.5% cap.
10. Big Lots in Issaquah, WA: rare 32,500 SF single-tenant big box on 2.5 ac lot in high-growth high income Seattle metro. Located within Pickering Place shopping center co-anchored by Costco, Lowe' s, PCC Natural Market, Pier 1 Imports, Big 5 Sporting Goods, UW Medicine and Barnes & Noble. 100% NNN lease with 8 yrs left.  NOI $392K/yr. $6.5M. 6.04% cap.

            (c) Transmercial 2014

10-20: Smart & Final, Dollar General, Ramano's, CVS, Walgreens, SSA, MOB

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.  Smart & Final Grocery in Delano, CA: 33,200 SF grocery store on 3.37 ac lot in a growing San Joaquin Valley town.  New 20 yrs NNN corp lease to Smart & Final with 250 stores.  NOI $300K/yr with 7.5% rent bumps every 5 yrs. $5M. 6% cap.
2. Shopping Center in Casselberry, FL: 88,846 SF very well-maintained shopping center on 10 ac lot in Orlando metro.  Anchored by Save A Lot, a grocery chain with over 1300 locations and over $4B in sales.  88% leased.  NOI $465K/yr.  $6M. 7.75% cap.
3. Dollar General Market in Bakersfield, CA:  18,827 SF completed renovated DG market on 2.19 ac lot.  New 15 yrs NNN- lease.  NOI $321K/yr. with 10% rent bump 2023.  $4.851M. 6.77% cap.  Buyer to assume $3M loan.
4. Office Building in North Canton, OH: 18,288 SF 2-story brick office building completed in 1995 on 2.6 ac lot. 100% leased to multiple tenants.  NOI $178K/yr. $1.975M. 9% cap.
5. Romano's Macaroni Grill Restaurant in Goodyear, AZ: 6810 SF restaurant built in 2002  on 1.94 ac lot in high growth, high income (AHI $90K/yr in 1 mile) Phoenix metro. 100% absolute NNN to Romano's Macaroni Grill, a chain with over 300 locations and owned by Ignite Restaurant Group, Inc. (NASDAQ: IRG). NOI $220K/yr with 10% rent bumps every 5yrs.  $3.154M. 7% cap.
6. Strip Center in Broomfield, CO: 7279 SF multi-tenant strip center built in 2001 in high income Denver metro.  Shadow anchored by Super Walmart and 1.5M SF Flatiron Crossing mall.  NOI $119K/yr. $1.7M. 7.04% cap.
7. CVS in Las Vegas, NV: 11,987 SF drug store built in 2003 with double drive thru on a  corner lot in high growth and high income area.  25 yrs NNN with 15 yrs left.  NOI $346K/yr. $5.774M. 6% cap.
8. SSA Office Building in Antioch, CA: 9600 SF single-tenant office building constructed in 2013.  15 yrs leased to Social Security Administration (SSA, US Federal Government with Aaa credit rating). SSA spent $850K in tenant improvements.  NOI $198K/yr. $3.167M. 6.25% cap.
9. Medical Office Building in  Florence, KY: 2 medical office building consists of 10 suites and 37,162 SF total, on 3.76 ac lot in Cincinnati suburbs.  Across from just-completed 42,000 SF University of Cincinnati Outpatient center.  91% NNN leased to mostly medical tenants including Kumar Dialysis Clinic.  NOI $449K/yr. $5.345M. 8.4% cap.
10. Walgreens in Houston, TX: 14,490 SF drug store on 1.6 ac lot.  100% NNN- with 7 yrs left.  NOI $363K/yr. $5.85M. 6.5% cap.

            (c) Transmercial 2014