Wednesday, December 31, 2014

12-17: Smart & Final, La Petite Academy, O'Reilly Auto Parts, Office Buildings

  1. Smart & Final 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.  NOI $287K/yr with 7.5% rent bumps every 5 yrs. $5M. 5.75% cap.
  2. La Petite Academy in Morrisville, NC: 8300 SF beautiful day care facility completed in 2010 on 1.63 ac lot in growing (806% pop growth) & affluent Raleigh suburbs with an AHI of $105K/yr in 3 miles. Brand new 15-yrs NNN corp lease. NOI $137K/yr with rent increases every 5-yrs. $1.957M. 7% cap.
  3. Inline Center in Tucson, AZ: 20,485 SF attractive retail center on nearly 2 ac lot in a fast growing middle class area. Shadow anchored by Albertsons. Across from Foothills Mall with over 90 stores. 100% NNN leased to nine tenants. NOI $355K/yr. $5.381M. 6.60% cap.
  4. Retail Center in Pensacola, FL: 12,780 SF well maintained retail center constructed in 2007 along main corridor. 90% leased to Family Dollar, Papa John’s Pizza and a national cellular provider. Actual NOI $100K/yr. $1.25M. 8% actual cap. Upside potential.
  5. Shopping Center in Taylor, MI: 28,300 SF mature shopping center anchored by Walgreens in Detroit suburbs. Close to Oakwood Heritage Hospital and Hwy-24. 91% leased. NOI $236K/yr. $3.1M. 7.60% cap.
  6. Office Building Walnut Creek, CA: 14,764 SF Class-B office building in high income San Francisco Bay Area with an AHI of $119K/yr. Easy access to I-680. 81% leased to multiple tenants. NOI $236K/yr. $3.8M. 6.22% cap. Upside potential when fully occupied.
  7. Retail Center in Placerville, CA: 4,116 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 $72K/yr. $1.042M. 7% cap.
  8. O’Reilly Auto Parts in San Antonio, TX: 7195 SF retail buildings constructed in 1994 on .69 ac outparcel to Walmart Supercenter at a major retail artery. 100% absolute NNN lease with 5-yrs left. NOI $97K/yr. $1.56M. 6.25% cap.
  9. Shopping Center in Pearland, TX: 33,457 SF eye-catching shopping center completed in 2008 on 3.70 ac lot in a fast growing and high income Houston metro. 93% leased. 9% cap. Price N/A.
  10. Office Building in Monterey, CA: 26,951 SF Class-A Mediterranean style office building constructed in 1996 on 3½ ac lot in a high income area. 82% leased to multiple professional tenants. Actual NOI $505K/yr. $8.08M. 6.26% cap.


            (c) Transmercial 2014

Tuesday, December 30, 2014

12-16: El Pollo Loco, Family Dollar, Shopping Centers, Retail Centers

  1. Retail Center in Las Vegas, NV: 11,759 SF retail center renovated in 2013 on 1.32 ac lot. Tenants include: The Coffee Bean & Tea Leaf, Ross Dental & Orthodontics, Touch Salon & Spa, Sniffany & Company, Upscale Vapors and John’s Gran Slam Collectibles. 100% NNN leased. NOI $229K/yr. $3.5M. 6.56% cap.
  2. El Pollo Loco in Goodyear, AZ: 3128 SF attractive retail building completed in 2008 on .85 ac lot at a major retail artery in Phoenix metro. Close to West Valley Hospital and I-10. 20-yrs NNN corp lease with over 19-yrs left. NOI $67K/yr with 10% rent bumps every 5-yrs. $1.345M. 5% cap.
  3. Family Dollar in Houston, TX: 9180 SF Family Dollar completed in 2004 in a fast growing area. 100% NN lease with 9-yrs left. NOI $70K/yr. $1.076M. 6.50% cap.
  4. Shopping Center in Grapevine, TX: 26,713 SF retail center on 2.87 ac outparcel to Grapevine Mills Mall with over 200 stores. Good demographics: growing (416% pop growth since 2000) and high income (AHI $103K/yr in 3 miles) Dallas/Fort Worth suburbs. Near hwy-121. 77% leased. Actual NOI $628K/yr. $7.65M. 8.21% cap. Upside potential.
  5. Retail Center in Blue Springs, MO: 14,534 SF retail center built in 2008 on 2 ac lot. Across from Walmart Supercenter and Home Depot. Close to St Mary’s Medical Center and with easy access to I-70. 92% NNN leased to national/regional tenants. Actual NOI $306K/yr. $4.695M. 6.52% cap.
  6. Shopping Center in Indian Head Park, IL: 25,000 SF well maintained shopping center in high income Chicago suburbs with an AHI of $105K/yr in a 3-mile ring. Near I-294/55. Many Long term tenants. NOI $224K/yr. $3.2M. 7% cap.
  7. Apartments in Lancaster, CA: 12-units multifamily complex in Los Angeles County. Close to Parks, Schools and Hospital. 97% occupied. NOI $59K/yr. $998K. 6% cap.
  8. Shopping Center in Eatontown, NJ: 23,000 SF attractive shopping center on 2.55 ac lot in a high income City in New York suburbs. Close to Monmouth Mall. 80% leased. NOI $349K/yr. $4.995M. 7% cap.
  9. Shopping Center in Noblesville, IN: 24,327 SF eye-catching shopping center built in 2008 on over 3 ac lot along main corridor in high income (AHI $93K/yr) Indianapolis suburbs. 91% NNN leased to eight tenants. NOI $430K/yr. $6.145M. 7% cap. Note: Flyer not available full brochure upon request.
  10. Shopping Center in Charlotte, NC: 64,584 SF shopping center built in 1999 on nearly 9 ac lot next to I-485 exit.   Anchored by 46,624 SF BI-LO Supermarket at a hard corner location in a high income area. 100% NNN leased. NOI $758K/yr. $9.484M. 8% cap. Note: Flyer not available full brochure upon request.

            (c) Transmercial 2014

Monday, December 29, 2014

12-15: Burger King. Professional Center, Retail Center

  1. Professional Center in Garland, TX: 17,223 SF well maintained professional center on 3½ ac lot close to Baylor Medical Center.  75% leased to six medical/dental practices. Actual NOI $123K/yr. $1.365M. 9.03% actual cap. Upside potential.
  2. Burger King in Muskegon, WI: 2798 SF brand new fast food restaurant on nearly 1 ac outparcel to Walmart Supercenter in high income Milwaukee suburbs. New 10-yrs absolute NNN lease. NOI $90K/yr with a 10% rent increase in year 6. $1.285M. 7% cap.
  3. Strip Center in Arlington, TX: 6186 SF attractive strip center built in 2006 on .73 ac lot in fast growing Dallas/Fort Worth suburbs. 100% leased with a good tenant mix. NOI $81K/yr. $1.1M. 7.42% cap.
  4. Neighborhood Center in Montgomery, AL: 187,000 SF shopping center next to Hwy-53. Across from Eastdale Mall and close to I-85. NOI $270K/yr. $3M. 9% cap.
  5. Retail Center in Stockbridge, GA: 10,000 SF attractive retail center on 1.36 ac lot along main retail artery in growing Atlanta suburbs. Close to Walmart Supercenter. NNN leased to multiple tenants. Actual NOI $133K/yr. $1.59M. 8.40% cap.
  6. Office Building in Pikesville, MD: 44,156 SF Class-B multitenant office building consisting of two buildings in upper middle-class Baltimore metro. 90% leased. NOI $475K/yr. $5.5M. 8.65% cap.
  7. Retail Building in Clearwater, FL: 4075 SF attractive retail building at a signalized intersection in Tampa suburbs. Close to 687-bed Morton Plant Hospital. 100% leased to 7-Eleven and Marco’s Pizza. NOI $75K/yr. $1.25M. 6% cap.
  8. Retail Center in Houston, TX: 17,412 SF retail center on 1.76 ac lot in a fast growing area. All units face main corridor. Excellent tenant mix including, restaurants, doctors office, retail and more. NOI $333K/yr. $3.7M. 9% cap.
           
            (c) Transmercial 2014

12-12: Rite Aid, Tire Rama, Denny's, Jiffy Lube, Jack in the Box, Walgreens, Best Buy


  1. Retail Center in Fredericksburg, VA: 8000 SF attractive retail center constructed in 1994 on over 1 ac outparcel to Chancellor Center with Food Lion grocery, AutoZone and Sherwin Williams. Along major artery and at a highly visible location. 100% NNN leased. NOI $192K/yr. $2.4M. 8% cap.
  2. Retail Center in Tampa, FL: 17,935 SF retail center on over 2 ac outparcel to Super Walmart. Good tenant mix including: GameStop, Amscot and Show-Me’s Bar & Grill. 82% leased. Actual NOI $285K/yr. $3.8M. 7.51% cap. Upside potential when fully leased.
  3. Office Building in Capitola, CA: 13,562 SF Class-A multitenant office building in a wealthy coastal town in Northern California. Between Capitola Mall and Hwy-1. 100% leased to EDD and Viewpoint Construction Software. NOI $238K/yr. $4.075M. 5.86% cap.
  4. Rite Aid in Roseville, CA: 31,468 SF well kept Rite Aid Pharmacy on 3 ac lot in growing upper middle class Sacramento suburbs. Shadow anchored by Raley’s Supermarket center. 20-yrs absolute NNN corp lease with 10-yrs left. NOI $367K/yr. $6.5M. 5.65% cap.
  5. Tire Rama in Spokane Valley, WA: 8000 SF single-tenant Tires, wheels, rims and accessories center at a busy thoroughfare. Close to I-90. 100% NNN lease with 9-yrs left. NOI $120K/yr with annual CPI rent bumps. $1.857M. 6.50% cap.
  6. Denny’s in Sioux Falls, SD: 4511 SF Denny’s Restaurant on over 1 ac lot at a major artery. With easy access to I-229. This is a sale & leaseback investment. New 20-yrs absolute NNN lease to a strong franchisee with 90-units. NOI $98K/yr with 5% rent increases every 5-yrs. $1.633M. 6% cap.
  7. Jiffy Lube in Mesa, AZ: 1312 SF auto center in growing Phoenix suburbs. 20-yrs NNN lease with 9-yrs left to a strong operator with about 50-units. NOI $85K/yr with 3% annual rent bumps. $1.26M. 6.80% cap.
  8. Jack in the Box in San Antonio, TX: 2412 SF drive-thru fast food restaurant built in 2000 at a busy retail corridor in growing upper middle class area. 18-yrs absolute NNN corp lease with 4-yrs left. NOI $123K/yr with a rent increase in 2015. $1.972M. 6.25% cap.
  9. Walgreens in Richton Park, IL: 15,038 SF Walgreens Pharmacy built in 2000 on nearly 2 ac lot at a signalized intersection in growing Chicago metro. With easy access to I-57. 20-yrs NNN lease with 6-yrs left. NOI $259K/yr. $3.9M. 6.65% cap.
  10. Best Buy in Montclair, CA: 45,263 SF retail building completed in 1998 in densely populated San Bernardino County. Adjacent to Target & Montclair Plaza with Nordstrom, Sears, JCPenney and Forever 21. Close to Montclair Hospital and I-10. 100% corp leased. NOI $562K/yr. $8.85M. 6.36% cap.

            (c) Transmercial 2014

12-11: Starbucks, Subway, Dollar General, MOB, Retail Centers

  1. Shopping Center in Brentwood, CA: 22,118 SF attractive shopping center built in 2008 on 2.51 ac lot at a major retail corridor in growing and high income Contra Costa County (East of San Francisco). Near Hwy-4. 92% leased to Wingstop, Verizon, Armed Forces Career Center, Royal Nail Salon, Salon Centric Beauty Supplies and Winnie Cuts. NOI $462K/yr. $7.1M. 6.51% cap.
  2. Strip Center in Lithonia, GA: 8400 SF strip center on 1.58 ac outparcel to The Mall at Stonecrest in fast growing Atlanta suburbs. Close to I-20. Tenants include: T Mobile, All State Insurance, Liberty Tax Service and This is it Barbeque. 100% leased. NOI $143K/yr. $1.25M. 11.49% cap.
  3. Retail Center in Arlington, TX: 18,750 SF well maintained retail center on 1.48 ac lot in fast growing Dallas/Fort Worth suburbs. 100% leased with national, regional and local tenants. NOI $192K/yr. $2.3M. 8.37% cap.
  4. Retail Center in Tacoma, WA: 15,117 SF well kept retail center on 1.68 ac lot at a signalized location in Seattle suburbs. 100% NNN leased to ten tenants. NOI $281K/yr. $4.022M. 7% cap.
  5. Starbucks & Subway in Tulsa, OK: 3580 SF attractive retail building renovated in 2004 on .61 ac lot in a fast growing area. 100% NNN leased to two national tenants. NOI $103K/yr. $1.472M. 7% cap.
  6. Retail Building in Boca Raton, FL: 14,771 SF retail building on 1.26 ac corner lot in growing and affluent area North of Fort Lauderdale. 10-yrs NNN lease to Palm Beach Golf with 8-yrs left. NOI $201K/yr with 4% annual rent increases. $3.3M. 6.10% cap.
  7. Dollar General in Chicago Heights, IL: 9100 SF Dollar General on nearly 1 ac lot along busy thoroughfare. 100% NNN lease. NOI $106K/yr. $1.738M. 6.25% cap.
  8. Shopping Center in Tracy, CA: 30,210 SF eye-catching retail center on 2.79 ac outparcel to Home Depot and WinCo Foods Supermarkets. Adjacent to West Valley Mall and near I-205. NNN leased. Pro Forma NOI $384K/yr. $4.8M. 8% pro forma cap.
  9. Strip Center in Garden Grove, CA: 6300 SF six-units mature strip center at a corner location. In densely populated (over 890,000 residents in 5 miles) and middle class city in Southern CA. 100% leased. NOI $81K/yr. $1.352M. 6% cap.
  10.  MOB in Lehigh Acres, FL: 10,000 SF Class-B multitenant medical office building on over 1 ac lot in Fort Myers suburbs. Close to Lehigh Regional Medical Center. NOI $97K/yr. $1.25M. 7.80% cap.

            (c) Transmercial 2014

Wednesday, December 24, 2014

12-10: Burger King, Family Dollar, Tuffy Auto Service, Staples, O'Reilly, MOB, Arby's


  1. Burger King in Birmingham, AL: 2645 SF drive-thru fast food restaurant built in 2007 on over 1 ac outparcel to 24-Hour Walmart Supercenter at a hard corner location. Surrounded by 1.5M SF of retail buildings including Publix, ALDI, Winn Dixie, Home Depot and TJ Maxx. 15-yrs absolute NNN corp ground lease (land is for sale) with over 8-yrs left. NOI $99K/yr with 10% rent bumps every 5-yrs. $1.8M. 5.5% cap.
  2. Family Dollar in Fresno, CA: 8320 SF brand new build-to-suit Family Dollar on 1 ac lot in a fast growing area. Close to Fresno Chaffee Zoo and Hwy-99. 10-yrs NN lease. NOI $173K/yr. $2.664M. 6.50% cap.
  3. Shopping Center in Fort Worth, TX: 36,035 SF attractive shopping center built in 2007 o n over 8 acres of land in a fast growing and high income area. 77% NNN leased. Actual NOI $403K/yr. $5.663M. 7.12% actual cap. Upside potential when fully occupied.
  4. Tuffy Auto Service Center in Port Saint Lucie, FL: 3960 SF auto center built in 2004 on nearly 1 ac lot along major artery. 100% NNN corp lease with 4-yrs left. NOI $105K/yr. $1.166M. 9% cap.
  5. Neighborhood Center in Wheaton, IL: 116,759 SF well kept shopping center on 8.80 ac lot in high income Chicago suburbs with an AHI of $93K/yr in 3 miles. Shadow anchored by Jewel-Osco Grocery. 98% leased to Office Depot, Dollar Tree, Cardinal Fitness, H&R Bocks and more. NOI $1.191M/yr. $12.95M. 9.20% cap.
  6. Retail Center in Knoxville, TN: 26,228 SF eye-catching retail center on 3.63 ac lot at a busy corridor. Tenants include: Panera Bread, Westwood Antiques & Design Market, Jersey Mike’s Subs, H&R Block, Persian Rug Galleries, Prestige Cleaners and Lilly’s Beads. 100% NNN leased. NOI $296K/yr. $3.385M. 8.75% cap.
  7. Staples in Fort Lee, NJ: 12,835 SF retail building in densely populated New York suburbs with over 1,700,000 residents in a 5 mile ring. Close to I-95/Hwy-1. Tenant has been at this location since 1994. NNN recently extended lease with 7-yrs left. NOI $498K/yr. $8.5M. 5.87% cap.
  8. O’Reilly Auto Parts in Sacramento, CA: 5400 SF well maintained O’Reilly Auto Parts built in 1998 at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.895M. 5.50% cap.
  9. MOB in Albuquerque, NM: 13,206 SF medical office building renovated in 2005 across from Kaseman Hospital. Close to Winrock Center and I-40. 100% leased. NOI $173K/yr. $1.995M. 8.70% cap.
  10. Arby’s in Middleburg Heights, OH: 2457 SF Arby’s Restaurant in a fast growing middle Cleveland suburbs. Near Southwest General Hospital and I-71. 100% NNN lease. NOI $150K/yr. $2.15M. 6.98% cap.


            (c) Transmercial 2014

Tuesday, December 23, 2014

12-09: Strip Mall, Anchored Center, Starbucks

  1. Strip mall in Phoenix, AZ: 4314 SF 3-unit strip center built in 2008 on a major artery with easy access to Freeway. 62% NNN leased to Dunkin Donuts & Progressive Insurance.  Seller to provide 2 yrs rent guaranty for the vacant unit.  NOI $95K/yr. $1.25M. 7.64% cap.
  2. Shopping Center in Grandville, MI: 60,876 SF shopping center built in 2000 on 6.48 ac lot in Grand Rapids metro. Across from Rivertown Crossing Mall.  Anchored by Planet Fitness and shadow anchored by Family Fare Supermarkets.  93% leased.  NOI $641K/yr. $7.825M. 8.2% cap.  Upside potential when full leased.
  3. Retail center in Waukegan, IL: 27,687 SF retail center built in 1991 about 40 miles North of downtown Chicago.  96% leased by 11 tenants with 1 vacant unit.  NOI $274K/yr. $3.2M. 8.57% cap.
  4. Anchored Shopping center in Saint George, UT: 81,000 SF shopping center built in 2005 on 6.8 ac lot next to I-15 exit in Salt Lake City metro.  Anchored by TJ Maxx & Plant Fitness.  NOI $1.1167M. $15.65M. 7.46% cap.
  5. Market Place in lake Worth, FL: 78,997 SF market place on 11.94 acres lot in Fort Lauderdale/Miami metro.  90% leased.  NOI $763K/yr. $9.5M. 8.04% cap.
  6. Starbucks Strip Mall in Saint Petersburg, FL: 6377 SF strip center on 2/3 ac lot on a main artery.  100% leased to 4 tenants including Starbucks.  NOI $150K/yr. $2.147M. 7% cap.



            (c) Transmercial 2014

Monday, December 22, 2014

12-08: Family Dollar, MOB, Fast Auto Loans, Retail Centers

  1. Family Dollar in Wichita, KS: 8320 SF newly constructed retail building on .73 ac corner lot in a growing area. New 10-yrs NNN- corp lease. NOI $101K/yr. $1.405M. 7.25% cap.  
  2. MOB in Arvada, CO: 8796 SF well maintained multitenant medical office building on.57 ac corner lot in growing middle-class Denver suburbs. 100% leased to established tenants. NOI $74K/yr. $993K. 7.5% cap.
  3. Retail Center in Rochester, MN: 6684 SF attractive retail center with excellent freeway visibility. On off/on ramp of Hwy-52/63. 100% NNN leased. NOI $113K/yr. $1.497M. 7.57% cap.
  4. Retail Building in Orland Park, IL: 14,923 SF retail building constructed in 1998 on 1.53 ac lot at a signalized intersection in high income Chicago suburbs. Adjacent to major centers with Walmart Supercenter, Aldi Grocery, Sport Authority, Jewel-Osco Grocery, Baby “R” Us, Lowe’s, Best Buy and Costco. 100% NNN leased to Physicians Immediate Care, and Heavenly Massage. NOI $392K/yr. $4.775M. 8.23% cap.
  5. Professional Building in Fort Lauderdale, FL: 36,600 SF Class-B office building adjacent to 557-bed Holy Cross Hospital. 70% leased. NOI $336K/yr. $3.3M. 10.20% cap.
  6. Fast Auto Loans in Chico, CA: 1600 retail building on .43 ac lot close to North Valley Plaza Mall and Hwy-99. 5-yrs NNN corp lease. NOI $65K/yr with 3% annual rent increases. $928K. 7% cap.
  7. Church’s Chicken in Panama City, FL: 1354 SF drive-thru fast food restaurant at a hard corner location. 20-yrs NNN lease with over 19-yrs left. NOI $65K/yr with rent increases. $928K. 7% cap.
  8. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 5.57 ac lot in growing and high income Indianapolis metro with an AHI of $84K/yr in 1 mile. Shadow anchored by Kroger and across Meijer and Menards. 7.53% cap. NOI N/A.
  9. Retail Center in Boynton Beach, FL: 10,000 SF 5-units attractive retail center along main artery in upper middle-class Lake Worth suburbs. Across from Publix center. 100% NNN leased. NOI $244K/yr. $3.495M. 7% cap.


            (c) Transmercial 2014

Friday, December 19, 2014

12-05: Texas Car Title & Payday Loan, Just Brakes, Applebee's, Mixed-Use, MOB


  1. MOB in Barkley, MI: 31,225 SF attractive medical office building on 2 ac lot at a hard corner location in high income (AHI $93K/yr in 1 mile) Detroit suburbs. Close to Beaumont Health System. 90% leased to established medical tenants. NOI $593K/yr. $6.75M. 8.80% cap.
  2. Texas Car Title & Payday Loan in Irving, TX: 2375 SF attractive single-tenant retail building constructed in 1995 on .76 ac lot along major retail artery in growing Dallas/Fort Worth suburbs.  Tenant has been at this location since 2007. 100% recently renewed lease with 4-yrs left. NOI $66K/yr. $830K. 8% cap.
  3. Retail Center in Lawrenceville, GA: 22,658 SF eye-catching retail center built in 2006 on 1.79 ac lot in fast growing (159% pop growth since 2000) and high income Atlanta metro with an AHI of $81K/yr in a 3-mile ring. 100% leased. NOI $244K/yr. $3.1M. 7.90% cap.
  4. Shopping Center in Tempe, AZ: 31,723 SF recently renovated shopping center on over 3 ac lot at a signalized corner location in prosperous (AHI $128K/yr) Phoenix suburbs. Close to Hwy-101. Pro forma NOI $504K/yr. $6.8M. 7.40% pro forma cap.
  5. Office Building in Las Vegas, NV: 23,056 SF Class-B multitenant office building completed in 2004 part of Origin Business Park. Close to Mountain View Hospital and Hwy-95. 86% leased to multiple tenants. NOI $208K/yr. $2.768M. 7.53% cap.
  6. Just Brakes in Tempe, AZ: 4085 SF auto repair center on .58 ac lot at a highly visible location. Adjacent to Scott & White Memorial Hospital and Tempe Mall. 100% NNN corp lease with 5-yrs left. NOI $66K/yr. $825K. 8% cap.
  7. Applebee’s in Vancouver, WA: 5580 SF newly remodeled Applebee’s restaurant on 1.59 ac lot at a main retail corridor in growing middle-class Portland suburbs. With easy access to I-205. 100% NNN lease with 10-yrs left. NOI $154K/yr. $2.818M. 5.5% cap.
  8. Strip Center in Arvada, CO: 9066 SF well kept strip center on over 1 ac corner lot in Denver suburbs. 100% leased with stable and good tenant mix. NOI $127K/yr. $1.9M. 6.70% cap.
  9. Mixed-Use Center in Garden Grove, CA: 6120 SF office/ retail center at a signalized location in densely populated Los Angeles area.  Across from Garden Grover Promenade Power Center. 95% leased. Actual NOI $73K/yr. $1M. 7.30% actual cap.

            (c) Transmercial 2014

Thursday, December 18, 2014

12-04: Payless Shoes Source, Jo-Ann Fabric & Crafts, Sherwin Williams, Shopping Centers

  1. Neighborhood Center in Oakland Park, FL: 90,275 SF well kept shopping center along major artery in Fort Lauderdale suburbs. Close to I-95. 98% leased. Actual NOI $901K/yr. $10.8M. 8.35% cap. Upside potential.
  2. Payless Shoes Source in San Jose, CA: 3209 SF well maintained retail building on .34 ac lot along busy thoroughfare. Close to La Tropicana Foods anchored center and near Target, and Mi Pueblo Food Centers. With easy access to I-680 and Hwy-101. 100% leased to a credit tenant. $1.8M.  NOI N/A.
  3. MOB in Freedom, CA: 8052 SF Class-B multitenant medical office building in Santa Cruz County. Near Watsonville Community Hospital and Hwy-1. 100% NNN leased. NOI $139K/yr. $1.995M. 7% cap.
  4. Jo-Ann Fabric and Crafts in El Paso, TX: 27.515 SF relocated store on 2.66 ac lot part of Yarbrough Plaza, anchored by Ross Dress for Less, Pro’s Ranch Market, Sally Beauty Supply and Pep Boys. Across from Walmart Supercenter, Burlington Coat Factory and adjacent to I-10. 100% NNN lease. NOI $357K/yr with 10% rent bumps every 5-yrs. $5.38M. 6.65% cap.
  5. Strip Center in Mesquite, TX: 6500 SF attractive strip center built in 1996 on .56 ac lot in fast growing Dallas suburbs. Close to Hwy-80. 100% NNN leased to Sprint and Cosmo Nail & Spa. NOI $107K/yr. $1.54M. 7% cap.
  6. Office Building in Santa Clara, CA: 15,570 SF Class-B consisting of two office buildings on 3.42 ac lot at a signalized intersection in high income Silicon Valley. 93% leased. NOI $224K/yr. $4.499M. 5% cap.
  7. Sherwin Williams in Charlotte, NC: 5010 SF well maintained retail building constructed in 1998 on over ½ ac lot in a fast growing area. Close to Carolinas Medical Center. 100% NNN corp lease with over 4-yrs left. NOI $68K/yr. $1.044M. 6.55% cap.
  8. Shopping Center in Sioux Falls, SD: 21,375 SF well maintained shopping center on 2.46 ac corner lot in a growing middle class area. Three different points of access. Near I-229. NNN leased with good tenant mix. Actual NOI $203K/yr. $2.1M. 9.70% actual cap. Upside potential.
  9. Shopping Center in Tequesta, FL: 26,817 SF shopping center on over 4 ac lot along US Hwy-101 in a high income coastal City. 98% leased with only one vacancy. Actual NOI $466K/yr. $7.7M. 6.06% cap. Upside potential when fully leased!

            (c) Transmercial 2014

Wednesday, December 17, 2014

12-03: Midtown Imaging, Joe Crab Shack, Sears Grand, Office Building


  1. Shopping Center in Ocoee, FL: 126,163 SF well maintained shopping center on nearly 15 ac lot anchored by Old Time Pottery, an expanding discount home décor with 30 locations in Orlando suburbs. Close to Health Central Hospital. 100% NNN leased. NOI $920K/yr. $11.5M. 8% cap.
  2. Retail Center in Orlando, FL: 12,200 SF retail center on 1.43 ac lot. Across from Family Dollar Center and Mid Florida Tech, a public adult vocation school. 100% NNN leased. NOI $172K/yr. $1.8M. 9.60% cap.
  3. Midtown Imaging in Lake Worth, FL: 14,585 SF Class-B medical office building on 2 ac lot along main artery. Close to JFK Medical Center. With easy access to I-95. 100% NNN lease with 4-yrs left to Good Samaritan Medical Center. NOI $276K/yr. $4.3M. 6.44% cap.
  4. Joe's Crab Shack in Morrow, GA: 7500 SF seafood family restaurant built in 1997 on 1½ ac outparcel to AMC Movie Theater and along main retail artery. Close to Southlake Mall and I-75. 100% absolute NNN ground lease (land is for sale) with 3-yrs left to a strong operator with 136 units. NOI $123K/yr with 10% rent bumps in option periods. $1.76M. 7% cap.
  5. Sears Grand in Las Vegas, NV: 162,000 SF big box retail building completed in 2004 on over 12 acres of land part of Grand Canyon Parkway , with Target, Kohl’s and JC Penney. 100% absolute NNN ground lease (land is for sale) with over 10-yrs left. NOI $600K/yr. $8.1M. 7.40% cap.
  6. Strip Center in Palos Height, IL: 5548 SF newly renovated strip center on .68 ac outparcel to Jewel-Osco grocery in affluent (AHI $103K/yr) Chicago suburbs. 100% NNN leased to Lou Malnati’s Pizzeria, Jersey Mike’s Subs, Great Clips and Forever Yogurt. NOI $126K/yr. $1.8M. 7.02% cap.
  7. Office Building in Troy, MI: 19,809 SF Class-B multitenant office building in growing and upper middle class Detroit suburbs. Off ramp I-75. 94% leased. NOI $127K/yr. $1.29M. 9.92% cap. 


            (c) Transmercial 2014

Tuesday, December 16, 2014

12-02: Office Buildings, Sherwin Williams, Apartments, Shopping Centers


  1. Office Building in Walnut Creek, CA: 15,908 SF Class-B office building on .31 ac lot in high income Contra Costa County with an AHI of $94K/yr. Across from John Muir Urgent and Outpatient Center.  With easy access to I-680. 75% leased to multiple tenants. NOI $228K/yr. $3.695M. 6.20% cap.
  2. Sherwin Williams in Lansing, MI: 4000 SF well maintained retail building on .48 ac corner lot along main artery. Close to Lansing Mall. Tenant has been at this location since 1987. NOI $55K/yr. $769K. 7.25% cap.
  3. Strip Center in Woodland, CA: 8610 SF strip center renovated in 2002 on .70 ac lot in growing middle class city West of Sacramento. Shadow anchored by CVS and Marshalls.  Across from Walgreens.   89% NNN lease with only one vacancy. $90K/yr. $1.25M. 7.25% cap.
  4. Shopping Center in Memphis, TN: 73,754 SF well maintained shopping center on over 8 ac lot. Close to Hwy-385. 98% NNN leased to national, regional and local tenants. NOI $966K/yr. $13.811M. 7% cap.
  5. Office Building in Madison, TN: 39,483 SF Class-A office building completed in 2008 with excellent visibility. Tenants are on long term NNN leases. NOI $496K/yr. $6.2M. 8% cap.
  6. Apartments in San Bernardino, CA: 15-units gated multifamily complex close to schools, hospital, parks and shopping centers.  NOI $53K/yr. $900K. 5.94% cap.


            (c) Transmercial 2014

12-01: hhgregg, Taco Bell, Applebee's, Apartments, MOB, Power Centers


  1. 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 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.
  2. Power Center in Lewisville, TX: 118,580 SF well maintained neighborhood center anchored by Big Lots in fast growing & upper middle class (AHI $85K/yr in a 3 mile ring) Dallas/Fort Worth metro. Close to I-35E. 94% NNN leased. NOI $762K/yr. $9.36M. 8% cap.
  3. Shopping Center in Cary, IL: 48,708 SF attractive shopping center on 3.56 ac lot in growing and high income Chicago suburbs with an AHI of $103K/yr in 3 miles. 92% leased with good tenant mix including Dollar General and O’Reilly Auto Parts.  NOI $296K/yr. $3.7M. 8% cap.
  4. Taco Bell in Calumet City, IL: 3029 SF drive-thru fast food restaurant on nearly 1 ac outparcel to River Oaks Plaza with Sam’s Club, Marshalls, Ross Dress for Less, Fallas, Shoe Carnival, Big Lots and more in Chicago suburbs. Across from 1,300,000 SF River Oaks Mall. 20-yrs absolute NNN corp ground lease (land is for sale) with 10-yrs left. NOI $66K/yr with 10% rent bumps every 5-yrs. $1.11M. 6% cap.
  5. MOB in Acworth, GA: 9120 SF Class-B multi-tenant medical office building completed in 2007 growing & upper middle-class (AHI $87K/yr) Atlanta suburbs. 75% leased to Governor’s Family Medical Group and Dermatologist. Actual NOI $90K/yr. $1.15M. 7.84% cap. Upside potential.
  6. Retail Center in Katy, TX: 10,164 SF retail center built in 2007 in fast growing and affluent (AHI $166K/yr) Houston metro. Across from Super Target and near Hwy-99. 100% leased. NOI $212K/yr. $3.12M. 6.80% cap.
  7. Applebee’s in East Peoria, IL: 5829 SF franchised Applebee’s Restaurant constructed in 2004. Shadow anchored by Walmart Supercenter and Lowes. With easy access to I-74. 100% NNN lease with over 9-yrs left. NOI $198K/yr with 5% rent increases every 5-yrs. $2.75M. 7.22% cap.
  8. Apartments in Santa Clara, CA: 8-units well maintained apartment complex on .25 ac lot in high income Silicon Valley with an AHI of $92K/yr in 3 miles. Close to Santa Clara University, Valley Fair and Santana Row.  100% occupied. NOI $105K/yr. $2.1M. 5% cap.
  9. MOB in Arlington, TX: 29,800 SF medical office building remodeled in 2012 on 2 ac lot in Fort Worth suburbs. Close to Medical Center of Arlington, The Parks at Arlington. And next to I-20. 100% NNN leased to multiple medical tenants. NOI $371K/yr. $5.3M. 7% cap.
  10. Apartments in Los Angeles, CA: 11-units apartments building in densely populated area with over 1,100,000 residents in 5-mile radius. 5-units have been completely remodeled. Actual NOI $97K/yr. $1.55M. 6.31% cap.


            (c) Transmercial 2014

Wednesday, December 10, 2014

10-26: Strip center, IHOP, Office building, Neighborhood center

1.       Strip Center in Miramar, FL: 15,000 SF multi-tenant strip center on 1.24 ac corner lot in Miami metro.  100% leased to 5 tenants including Day Care, Food Store, Restaurant, and Hair Salon.  NOI & cap not avail.  $2.6M.
2.       IHOP in Orlando, FL: 2450 SF IHOP on 2/3 ac lot near I-4 exit.  100% absolute NNN lease with 3 yrs left to a franchisee with 150 locations.  Store with strong sales revenue of $1.2M/yr.  NOI $65K/yr. $963K. 6.8% cap.
3.       Neighborhood Center in Pembroke Pine, FL: 90,022 SF neighborhood center on 8.36 ac lot in Miami metro. anchored by Winn-Dixie grocery and Planet Fitness.  82% leased.  7% cap.  Price/NOI no avail.
4.       Office Building in White Plains, NY: 24,000 SF 3-story office building with elevator and staircases in high income New York metro.  100% leased.  NOI $266K/yr. $3.5M. 7.6% cap.
5.       Shopping Center in Warren, MI: 100,885 SF shopping center on 9.56 ac corner in middle class Detroit suburbs.  Anchored by Kroger supermarket and Advance Auto Parts.  98% leased.  NOI $793K/yr. $10.241M. 7.75% cap.
6.       Strip Mall in Washington Township, MI: 17,561 SF strip center in middle class Detroit suburbs.   On an outparcel to Meijer Hypermarket, a regional chain & across from Home Depot.  100% leased to  Great Clips, UPS Store, AAA Insurance, Expert Eyes and Miracle Ear, among others. NOI $217K/yr. $2.588M. 8.4% cap.

            (c) Transmercial 2014

Tuesday, December 9, 2014

11-25: Chase Bank, Shopping Centers, Retail Centers


  1. Retail Center in Sarasota, FL: 11,000 SF retail center built in 2005 on 1.49 ac lot in upper middle class area with an AHI of $72K/yr in 1 mile. Between Walmart Supercenter and Publix anchored center. 100% NNN leased. NOI $242K/yr. $3.201M. 7.59% cap.
  2. Shopping Center in Taylor, MI: 48,000 SF newly renovated shopping center shadow anchored by PetSmart in Detroit suburbs. Across from 603,000 SF Southland Mall. 100% NNN leased to Lumber Liquidators, Sky Zone and Party City. NOI $475K/yr. $5.76M. 8.25% cap.
  3. Shopping Center in League City, TX: 28,150 SF consisting of two retail buildings completed 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.
  4. Shopping Center in South Milwaukee, WI: 80,571 SF well maintained shopping center anchored by 13,905 SF Walgreens Pharmacy, Advance Auto Parts and Associated Bank. 84% NNN leased. Actual NOI $629K/yr. $8.275M. 7.61% actual cap. Upside potential.
  5. Shopping Center in Pickerington, OH: 44,834 SF newly constructed shopping center on nearly 6 ac lot anchored by Life Time Fitness in Columbus metro. Adjacent to Kohl’s and next to OhioHealth’s Medical Campus. 96% NNN leased. NOI $689K/yr. $8.62M. 8% cap.
  6. Chase Bank in Woodland, CA: 6000 SF attractive Chase Bank built in 1990 on .75 ac outparcel to County Fair Mall in Sacramento metro. Tenant has been at this location over 25-yrs. 100% absolute NNN corp lease with 5-yrs left. NOI $96K/yr. $1.92M. 5% cap.
  7. Retail Center in Phoenix, AZ: 15,582 SF well maintained retail center at a hard corner location anchored by Fresenius Dialysis Center. 9% cap. Price N/A.
  8. Retail Center in Oland Park, IL: 15,887 SF attractive retail center built in 2003 in a growing and affluent Chicago suburbs with an AHI of $102K/yr in 1 mile. 90% leased with excellent tenant mix. NOI $187K/yr. $2M. 9.37% cap.
  9. Strip Center in Eagan, MN: 7956 SF strip center built in 2002 on 1.33 ac lot in Minneapolis suburbs. Across from Regal Cinema Theater and Target. Close to I-35E. 100% NNN leased. NOI $185K/yr. $2.61M. 7.10% cap.
  10. Shopping Center in Des Plaines, IL: 38,767 SF well kept shopping center completed in 2008 on 3.56 ac lot along busy artery in upper middle class Chicago suburbs. 96% leased. NOI $631K/yr. $7.5M. 8.40% cap.


            (c) Transmercial 2014

Monday, December 8, 2014

11-24: DaVita, Taco Mayo, Napa Auto Parts, Arby's, MOB, Neighborhood Centers

  1. DaVita Portfolio in Various Cities: 42,064 SF consisting of eight well maintained dialysis centers: 6 in KS, 1 in OK and 1 in TX. 100% NNN leased to credit tenant. NOI $720K/yr. $10M. 7.20% cap.
  2. Taco Mayo in Edmond, OK: 2150 SF newly remodeled drive-thru fast food restaurant on .71 ac outparcel to Kohl’s in growing upper middle class Oklahoma City suburbs. Across from Walmart. 100% absolute NNN lease with 7-yrs left. NOI $50K/yr with 5% rent bumps every 5-yrs. $775K. 6.50% cap.
  3. Napa Auto Parts in Clinton, MD: 8,900 SF Napa Auto Parts in a high income are with an AHI of $109K/yr in Washington DC metro. Close to Hwy-5. 100% NNN- lease with 4 yrs left. NOI $69K/yr. $926K. 7.50% cap.
  4. Retail Center in North Richland Hills, TX: 16,900 SF attractive retail center on 1.70 ac lot in growing & upper middle class Fort Worth suburbs. $922M. NOI N/A.
  5. Neighborhood Center in Lexington, KY: 180,576 SF well maintained shopping center built in 2003 on over 18 acres of land along major retail artery. Anchored by 78,337 SF Burlington Coat Factory, 13,571 Hancock Fabrics, Tuesday Morning and GB Shoes.  Close to St. Joseph Hospital. 100% NNN leased. NOI $1,069M/yr. $14M. 7.64% cap.
  6. MOB in Kingwood, TX: 28,038 SF Class-B consisting of two medical buildings completed in 2000 on nearly 4 ac lot in fast growing (284% prop growth since 2000) and high income (AHI $90K/yr in 3 miles) Houston MSA. Near Kingwood Medical Center and I-69. 94% NN leased to six medical tenants. 7.25% cap. Price N/A.
  7. Neighborhood Center in Jacksonville, FL: 166,759 SF shopping center built in 1990 on over 15 ac lot at a signalized intersection along major artery with good ingress/egress. 85% leased with national & regional tenants. Actual NOI $719K/yr. $8.995M. 8% actual cap. Upside potential.
  8. Arby’s in Vestavia, AL: 3187 SF Arby’s Restaurant built in 1998 on .68 ac lot along main thoroughfare in upper middle class Birmingham metro. 25% NNN lease with 9-yrs left to a strong operator with over 50-units. NOI $153K/yr with 7% rent bumps every 5-yrs. $2.188M. 7% cap.
  9. MOB in Winter Springs, FL: 5800 SF attractive multitenant medical office building constructed in 2004 on .72 ac lot in Orlando suburbs. All units face main road. 100% NNN leased to two long term medical practices. NOI $88K/yr. $1.695M. 5.20% cap.

            (c) Transmercial 2014

Friday, December 5, 2014

11-21: Rite Aid, Urgent Care, Office Buildings, MOB's, Retail Centers

  1. 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 $380K/yr. $4.65M. 7.50% cap.
  2. 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. Price reduced from $16.527M to $15.51M. 8.50% cap.
  3. 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.
  4. Retail Center in Jonesboro, GA: 9600 SF attractive retail center built in 2007 on 1.23 ac lot on a main corridor in Growing Atlanta suburbs. 88% NNN leased. NOI $98K/yr. $1.05M. 9.38% cap. Upside potential when fully leased! Note: Full brochure upon request.
  5. Office Building in Benicia, CA: 25,000 SF Class-B office building completed in 1991 on over 1 ac lot in high income (AHI $116K/yr) San Francisco suburbs. Near I-780. 97% leased to multiple tenants. NOI $262K/yr. $3.65M. 7% cap.
  6. Retail Building in Kokomo, IN: 4791 SF attractive retail building on nearly 1 ac lot at a signalized intersection. Adjacent to Howard Community Hospital. 100% NNN leased to Marco Pizza and ATI Physical Therapy. NOI $104K/yr. $1.55M. 6.77% cap.
  7. Office Building in Wake Forest, NC: 15,382 SF attractive multitenant office building constructed in 2009 in growing and high income Raleigh MSA with an AHI of $90/yr in 3 miles. 85% leased. $2.384M. NOI & cap rate N/A.
  8. Office Building Flower Mound, TX: 7235 SF well maintained office building completed in 1995 on .71 ac lot in a growing and affluent (AHI $122K/yr in 1 mile) Dallas/Fort Worth suburbs. 74% leased. Actual NOI $94K/yr. $1.152M. 8.25% actual cap. Upside potential.
  9. Urgent Care in Queen Creek, AZ: 4574 SF medical office building constructed in 2007 on over 1 ac lot at a hard corner location in booming (3,321% pop growth since 2000) Phoenix metro. Close to Banner Ironwood Medical Center. 100% NNN lease to a strong operator with 40 units. NOI $146K/yr with 10% rent bumps every 5/yrs. $2.439M. 6% cap.
  10. Office Building in Suwanee, GA: 12,560 SF beautiful multitenant office building on 1.40 ac corner lot along main corridor in high income (AHI $111K/yr in 3 miles) Atlanta suburbs.  100% leased. NOI $122K/yr. $1.75M. 7% cap.


            (c) Transmercial 2014

11-20: MOB, Mixed-use, Retail Buildings

  1. Shopping Center in Kingwood, TX: 35,085 SF high quality construction shopping center built in 2008 on 4 ac lot in growing and high income Houston suburbs. Near Kingwood Medical Center and I-69. 94% NNN leased to fourteen tenants. Actual NOI $595K/yr. $7.938M. 7.50% actual cap.
  2. Retail Center in Memphis, TN: 17,360 SF attractive retail center built in 2002 on 1.69 ac corner lot. 76% leased. Actual NOI $128K/yr. $1.2M. 10.7% actual cap.
  3. MOB in Boise, ID: 3770 SF Class-B single-tenant medical office building completely renovated in 2003 at a corner location. Across from St. Luke’s Medical Center. This is a sale lease back investment. New 7-yrs absolute NNN lease to Center for Lifetime Health. NOI $84K/yr with 3% annual rent increases. $1.4M. 6% cap.
  4. Retail Center in La Porte, TX: 16,500 SF retail center built in 2008 on nearly 2 ac lot in growing and upper middle class Houston MSA with an AHI of $84K/yr in 3 miles. 100% leased to eight tenants. NOI $264K/yr. $3.53M. 7.5% cap.
  5. Office Building in Mesa, AZ: 15,249 SF Class-B multitenant office building completed in 2000 on 1.56 ac lot in Phoenix suburbs. Close to Superstition Springs Center, with Sears, Dillards, Macy’s and JC Penney. With easy access to Hwy-60. 100% leased. NOI $164K/yr. $2.188M. 7.5% cap.
  6. MOB in East Greenwich, RI: 15,619 SF newly constructed medical office building in high income (AHI $98K/yr) Providence metro. 100% NNN leased with long term tenants. NOI $449K/yr. $4.999M. 9% cap.
  7. Retail Building Norcross, GA: 10,000 SF attractive retail center built in 2007 on 1 ac lot along busy corridor in growing Atlanta suburbs. 70% NNN leased. Actual NOI $99K/yr. $1.65M. 6% actual cap. Upside potential.
  8. MOB in Snellville, GA: 28,750 SF Class-B office building on 2½ ac lot in growing and high income Atlanta suburbs with an AHI of $85K/yr in 3 miles. Adjacent to Eastside Medical Center. 74% leased. Actual NOI $157K/yr. $1.8M. 8.75% actual cap.
  9. Strip Center in Lomita, CA: 4872 SF strip center built in 2008 at a hard corner location in densely populated Los Angeles County. NNN leased. NOI $84K/yr. $1.699M. 5% cap.
  10. Mixed-use in Moorpark, CA: 7525 SF well maintained retail/office center with excellent visibility in high income city (AHI $115K/yr in 3 miles) in Southern California. 67% leased. Actual NOI $60K/yr. $1.15M. 5.29% actual cap. Upside potential when fully leased.


            (c) Transmercial 2014

Wednesday, December 3, 2014

11-19: Office Building, Retail Buildings, Cash America, Shopping Centers

  1. Office Building in Gainesville, FL: 15,026 SF Class-B multitenant office building on .87 ac lot along main artery. 90% leased. NOI $66K/yr. $947K. 7% cap.
  2. Retail Center in Saratoga Springs, UT: 14,000 SF attractive retail center built in 2009 on over 1 ac lot in booming (1,005% pop growth since 2000) Salt Lacy City suburbs. Shadow anchored by Walmart.  100% leased to Dollar Tree, Sally Beauty, Verizon Wireless and United Studios. NOI $215K/yr. $3.082M. 7% cap.
  3. Strip Center in Saratoga Springs, UT: 8400 SF strip center built in 2010 shadow anchored by Walmart in growing (1,005% pop growth since 2000) Salt Lake City suburbs. 100% NNN leased to five tenants. NOI $198K/yr. $2.839M. 7% cap.
  4. Retail Building in Chino, CA: 12,069 SF retail building completed in 2009 on 1.58 ac lot in high income (AHI $99K/yr in 3 miles) San Bernardino County. Shadow anchored by Home Depot and JC Penney. 100% NNN leased. NOI $194K/yr. $3.117M. 6.25% cap.
  5. Shopping Center in Mesa, AZ: 69,270 SF attractive shopping center built in 2002 on nearly 8 ac lot anchored by Michaels and PetSmart at a dominant retail intersections. Shadow anchored by Home Depot. Near Hwy-202. 100% leased to national & local tenants. 6.84% cap. NOI & price N/A.
  6. Cash America in Indianapolis, IN: 14,700 SF single-tenant retail building on 1.50 ac lot along main artery. With easy access to I-465/I-74. Recently extended NNN lease with 6-yrs left. NOI $80K/yr. $1.005M. 8% cap.
  7. Office Building in Las Vegas, NV: 26,310 SF Class-B office building on .88 ac lot close to Sunrise Hospital and Medical Center & Boulevard Mall. 91% leased to multiple tenants. NOI $184K/yr. $2.3M. 8% cap.
  8. Retail Building in Overland Park, KS: 7170 SF attractive retail building constructed in 2009 on .85 ac lot along major retail artery in affluent Kansas City suburbs with an AHI of $112K/yr in a 3 mile ring. 100% NNN leased. NOI $126K/yr. $1.45M. 8.70% cap.
  9. Shopping Center in Sacramento, CA: 30,023 SF shopping center on over 2 ac lot at a busy thoroughfare. 76% leased with good tenant mix. Actual NOI $226K/yr. $3.1M. 9.61% cap. Upside potential when fully leased.


            (c) Transmercial 2014

Tuesday, December 2, 2014

11-18: MOB, TitleMax, Office Buildings, Shopping Centers


  1. Retail Center in Plainfield, IN: 20,420 SF attractive retail center constructed in 2006 on over 2 ac lot at a signalized corner location in growing and upper middle class Indianapolis suburbs. Adjacent to new Walmart Neighborhood market and across from CVS.  88% leased to Subway, Great Clips, Anytime Fitness, Fox' s Pizza, Perfect Tan & Spa, China Wok, Saratoga Family Dental, and Accelerated Physical Therapy. NOI $276K/yr. $3.505M. 7.88% cap.
  2. Strip Center in Bentonville, AR: 14,974 SF strip center built in 2006 on 1.51 ac lot in a growing area. Close to Northwest Medical Center-Bentonville and I-540. 82% leased with good tenant mix. Seller will escrow buyer rent for one year on the vacant space. NOI $123K/yr. $1.4M. 8.81% cap.
  3. MOB in Temecula, CA: 36,911 SF Class-B consisting of two medical office buildings on 2 ac lot in high income Southern California. With easy access to I-15. 74% leased. Actual NOI $252K/yr. $3.6M. 7.01% actual cap. Upside potential when fully leased. Only $97.53/SF.
  4. Shopping Center in Tempe, AZ: 34,433 SF well maintained shopping center on nearly 3 ac lot in Phoenix suburbs. Close to Tempe St Luke’s Hospital and I-10. 93% NNN leased. Actual NOI $342K/yr. $4.7M. 7.29% actual cap. Upside potential.
  5. Strip Center in Wichita, KS: 7845 SF strip center built in 1994 on .72 ac outparcel to Walmart Neighborhood Market. 100% leased. Pro forma NOI $94K/yr. $975K. 9.64% pro forma cap.
  6. MOB in Sheffield Village, OH: 35,799 SF Class-B multi-tenant medical office building completed in 2000 on 6.48 ac lot in high income Cleveland suburbs. Near I-90. 82% leased. Actual NOI $332K/yr. $4.18M. 7.95% cap. Upside potential.
  7. Retail Center in Memphis, TN: 22,325 SF retail center built in 2001 on 2+ ac lot anchored by Family Dollar and Black Decker.  Property with 3 different entrances to the center. 93% NNN leased. NOI $207K/yr. $2.3M.  9% cap.
  8. TitleMax in San Angelo, TX: 4940 SF single-tenant retail building at a main thoroughfare. 100% NNN corp lease with 5 yrs left to TitleMax, a national title loan company. NOI $61K/yr. $758K. 8.15% cap.
  9. Office Building in Tulsa, OK: 17,748 SF Class-B office building on .80 ac lot close to St John Medical Center and Hwy-64. 100% leased to multiple tenants. NOI $96K/yr. $1.2M. 8% cap.
  10. Office Building in Walnut Creek, CA: 17,068 SF well maintained office building in high income (AHI $104K/yr in 3 mile) San Francisco metro. Close to Kaiser Permanente and next to I-680. 100% leased to local and credit tenants. NOI $226K/yr. $4.195M. 5.39% cap.


            (c) Transmercial 2014

Monday, December 1, 2014

11-14: Retail centers, MOB, Office Building

    1. Neighborhood Market in Charlotte, NC: 65,584 SF neighborhood center built in 1999 on 8.91 ac lot at an intersection in well-off area.  Anchored by 46,624 SF Bi-Lo Supermarket, a regional tenant. 100% NNN leased to 11 tenants.  Access land for adding more retail spaces.  NOI $758K/yr. Price reduced to $9.484M. 8% cap.  Buyer to assume $6.9M loan.
    2. Office Building in Frisco, TX: 27,125 SF 2-story class-A office building on 2.06 ac corner lot completed in 2007 in fast growing and affluent Dallas suburbs (AHI $157K/yr in 1 mile). Great access to the Dallas North Tollway and the Sam Rayburn Tollway.  100% leased to multiple tenants.  Price N/A. 7% cap.
    3.  Shopping Center in Atlanta, GA: 13,264 SF shopping center on 2.18 ac lot completed in 2008. Shadow anchored by Walgreens and adjacent to 600,000 SF Camp Creek Marketplace, a power center.  Ease access to I-285.  100% leased.  NOI $342K/yr. $4.725M. 7.25% cap.
    4. MOB in Pleasanton, CA: 9974 SF medical office building on 1 ac lot in high income Silicon Valley suburbs.  100% leased to 9 medical/dental tenants.  Gross income $204K/yr. $2.895M.
    5. Office Building in Dallas, TX: 9952 SF 2-story office building in high income area with AHI $94K/yr.  97% leased.  NOI $124K/yr. $1.395M. 9% cap.
    6. Shopping Center in Toledo, OH: 21,000 SF shopping center built in 2002 on 2.78 ac lot in middle class area.  100% mostly NNN leases to 9 tenants with average rent below $10/SF (means tenant likely to stay for a long time). NOI $185K/yr. $2.16M. 8.6% cap.
    7. Shopping Center in Lilburn, GA: 41,150 SF mature shopping center on 5.26 ac lot in high income Atlanta metro.  100% NNN leased to 9 tenants including CVS, Dollar Tree, BofA, Antique Mall. NOI $390K/yr. $4.34M. 9% cap.
    8. Retail Plaza in McKinney, TX: 9400 SF shopping plaza on 1.04 ac lot in high income (AHI $93K/yr in 1 mile) Dallas suburbs.  100% leased.  NOI $106K/yr. $1.445M. 7.37% cap.


            (c) Transmercial 2014.