01-17: Caribou Coffee, Preschool, Neighorhood Center, Retail Building

1. Caribou Coffee in St. Paul, MN: 1544 SF Caribou Coffee renovated in 2004 in a high income area with an AHI of $101K/yr. Across from College of St. Catherine’s. 15 yrs absolute NNN lease with 5+ yrs left. NOI $64K/yr with a rent increase in yr 11^th. $986K. 6.5% cap.
2. Prestige Preschool in Morgan Hill, CA: 10,200 SF day care developed in 2000 along major retail corridor in well-off (AHI $127K/yr in 3 mile radius) Silicon Valley’s suburbs. Close to Hyw-101. 100% leased to strong tenant with 8 locations. NOI $245K/yr. $3.5M. 7% cap.
3. Shopping Center in Palmdale, CA. 56,500 SF shopping center built in 2008 on 5+ ac lot at a signalized location in Southern California. Across from Wal-Mart & Sam’s Club. Near Antelope Valley Mall and Hwy-14.  Credit tenants include: Goodwill, Buffalo Wild Wings and US Army. 85% leased. NOI $880K/yr. $12M. 7.34% cap.
4. Retail Center in Chandler, AZ: 5,372 SF retail center built in 2007 on .40 ac outparcel to Bashas’ grocery & Petco center in Phoenix suburbs. Close to 1,300,000 SF Chandler Fashion Center with more than 180 stores and Chandler Regional Medical Center. 100% leased to The Hungry Monk and Driving MBA, a local driver training facility. NOI $135K/yr. $1.61M. 8.39% cap.
5. Neighborhood Center in Las Vegas, NV: 90,373 SF shopping center on 8.49 ac lot anchored by Whole Foods Market. Close to Mountain View Hospital and Hwy-95. 92% NNN leased to local and national tenants. NOI $1.215M/yr. $17.75M. 6.85% cap.
6. Retail Building in San Bernardino, CA: 13,074 SF retail building in growing area. Close to Waterman Discount Mall and I-215. 100% NNN leased to Family Dollar and Eagles Check Cashing. NOI $126K/yr. $1.675M. 7.53% cap.
7. Neighborhood Center in Duluth, GA: 156,263 SF neighborhood center built in 1996 on nearly 16 acres of land anchored by Dave & Buster’s at main retail artery. Close to Gwinnett Place Mall and next to I-85. 100% NNN leased. NOI $1.492M/yr. $18.65M. 8% cap.
8. Retail Center in Richmond, VA: 15,220 SF retail center renovated in 2001 on nearly 1 ac lot along main retail thoroughfare. Across from center anchored by Food Lion and Marshalls. 100% leased. NOI $173K/yr. $2.25M. 7.70% cap.
9. Retail Center in Goodyear, AZ: 18,496 SF attractive retail center shadow anchored by Lowe’s in upper middle-class Phoenix suburbs. Close to West Valley Hospital and I-10. 100% NNN leased. NOI $260K/yr. $3.5M. 7.44% cap.

            (c) Transmercial 2014

01-16: MOB's, Walgreen's, Shopping Centers, Strip Centers

1. Shopping Center in Las Vegas, NV: 71,000 SF attractive shopping center on 6.46 ac lot across from University Medical Center and Valley Hospital Medical Center. Close to the STRIP and I-15. 97% leased. NOI $833K/yr. $11.2M. 7.44% cap.
2. Strip Center in West Jordan, UT: 7772 SF 5-units strip center built in 2007 in fast growing Salt Lake City suburbs. 84% NNN leased with only 1 vacant unit. Pro forma NOI $127K/yr. $1.5M. 8.49% pro forma cap.
3. Retail Center in San Leandro, CA: 18,643 SF well maintained retail center at a hard corner location in Silicon Valley. Across from K Mart. Near Bayfair Center Power Center.  Tenants include: Chinese restaurant, Joy Cleaners, Extreme Nails & Spa, ACE Cash Express, WCM Insurance, Martial Arts, Spa Massage & PC Repair with only one vacancy. NNN leases. NOI $183K/yr. $2.388M. 7.70% cap.
4. Shopping Center in Carrolton, TX: 83,697 SF attractive shopping center in upper middle-class Dallas suburbs. 88% leased to Dollar Tree, Harbor Freight Tools, Luxury Salon Suites, Mattress Superstore, Christian Community Action and Alli Oops Snowcone Stand. Actual NOI $607K/yr. $7.145M. 8.50% actual cap. Upside potential.
5. Office Building in West Jordan, UT: 14,716 SF Class-A office building on over 1 ac lot in Salt Lake City suburbs. Part of Jordan Landing, a 2,000,000 SF Power Center with over 155 stores & restaurants.  80% NNN leased. Actual NOI $209K/yr. $2.75M. 7.60% cap.
6. MOB in Federal Way, WA: 15,300 SF Class-B medical office building on 1+ ac lot in growing Seattle suburbs. Across from St. Francis Hospital and close to I-5.  NNN leased to multiple tenants. Pro forma NOI $157K/yr. $2.25M. 7% cap.
7. Retail Building in Fresno, CA: 3795 SF well maintained retail building on .42 ac lot along major corridor. Across from Manchester Mall. Close to Hwy-41. 100% NNN leased to AT&T dealer + cell tower. NOI $86K/yr. $1.078M. 8% cap.
8. MOB in O’Fallon, MO: 5072 SF Class-B medical office building constructed in 2003 on .78 ac lot in growing (124.61% pop growth since 2000) and high income (AHI $107K/yr) St. Louis suburbs. 100% NNN leased to 2 tenants: Mooney Orthodontics and O’Fallon Family & Cosmetic Dentistry. NOI $96K/yr. $1.2M. 8% cap.
9. Retail Center in Suwanee, GA: 11,200 SF retail center along major corridor in affluent Atlanta metro with an AHI of $131K/yr. Across from Kroger grocery center. NNN leased. NOI $176K/yr. $2.2M. 8% cap.
10. Walgreen’s in Cleveland, OH: 13,428 SF drive-thru pharmacy on 1.74 ac lot at a signalized location. 20 yrs NNN- lease with recently renewed 5 yrs lease. NOI $168K/yr. $2.1M. 8% cap.

            (c) Transmercial 2014

01-15: K1 SPEED, REO'ed, Jack in the Box, Godfather's Pizza, Office Building

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on CBRE, M&M, SVN, and various other sources.   Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number. 

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $55+K/yr.
• NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
• NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
• NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. K1 SPEED in San Antonio, TX: 42,417 SF Electric Indoor Go Kart Racing built in 1995 on 3+ ac lot along Hwy-410 in fast growing area. Close to Ingram Park Mall. 10 yrs NNN lease to a fast growing business with 19 locations. NOI $296K/yr with rent increases. $4.25M. 7% cap.
2. REO’ed Center in Orem, UT: 19,843 SF bank owned well kept retail center on 1.81 ac corner lot in growing upper middle class Provo suburbs. Next to Macey’s grocery store. 58% leased. NOI $176K/yr. $2.425M. 6% cap.
3. Jack in the Box in Gilbert, AZ: 2800 SF drive-thru fast food restaurant on .92 ac lot at a hard corner location. 18 yrs absolute NNN corp lease with 4 yrs left. NOI $138K/yr. $2.095M. 6.60% cap.
4. Retail Center in Royal Palm Beach, FL: 10,000 SF consisting of two well maintained retail buildings on 2 ac lot in growing and high income West Palm Beach suburbs. All units face main corridor. NOI $135K/yr. $1.5M. 9% cap.
5. MOB in Altamonte Springs, FL: 27,797 SF Class-B medical office building in Orlando suburbs. Across from Florida Hospital-Altamonte and adjacent to Altamonte Mall. 100% leased to multiple tenants. NOI $ 360K/yr. $5.15M. 7% cap.
6. Godfather’s Pizza in Albuquerque, NM: 3940 SF brand new retail building in fast growing area. 10 yrs NNN lease. NOI $90K/yr with 3% annual rent increases. $1.285M. 7% cap.
7. Office Building in Saint Petersburg, FL: 10,160 SF Class-A office building at a signalized corner location. In growing area West of Tampa. 100% NNN leased to four tenants. NOI $168K/yr. $2.4M. 7% cap.

            (c) Transmercial 2014

01-14: MOB, David's Bridal, IHOP, Surgery Center

1. Retail Center in Dublin, OH: 22,140 SF attractive upscale shopping center built in 2008 on nearly 3 ac lot in high income (AHI $95K/yr) Columbus suburbs. Across from Mall at Tuttle Crossing, with 120 stores and near I-270. 100% leased. NOI $612K/yr. $7.21M. 8.50% cap.
2. MOB in Clinton, MI: 27,984 SF well maintained medical office building on 1.8 ac lot in Detroit suburbs Across from 435-bed Henry Ford Macomb Hospital. 93% leased to multiple tenants. Actual NOI $202K/yr. $2.9M. 7% actual cap. Upside potential.
3. Shopping Center in Shawnee, KS: 34,138 SF consisting of two retail buildings completed in 2008 on nearly 4 ac lot along Hwy-7. Shadow-anchored by Walmart center. NNN leases. NOI $290K/yr. $4.295M. 6.76% cap.
4. Shopping Center in Coral Springs, FL: 21,510 SF attractive shopping center on 1.45 ac lot along major retail artery in wealthy Fort Lauderdale metro with AHI of $94K/yr. 100% leased with good tenant mix. NOI $185K/yr. $2.975M. 6.25% cap.
5. Shopping Center in Lancaster, CA: 28,301 SF consisting of four buildings completed in 1991 on 2.91 ac lot shadow-anchored by Albertsons in growing Southern California. 92% NNN leased with good tenant mix. NOI $639K/yr. $8.8M. 7.27% cap.
6. David’s Bridal in Toledo, OH: 11,000 SF built-to-suit retail building constructed in 2000 on .61 ac lot along major retail artery. Across from Franklin Park Mall. 100% NNN corp lease with signed early lease extension with 7 yrs left. NOI $173K/yr. $2.1M. 8.30% cap.
7. Shopping Center in Spring, TX: 22,770 SF attractive shopping center on 2+ ac lot in high income (AHI $102K/yr in 3 mile) Houston suburbs. 81% leased. NOI $330K/yr. $4.2M. 7.87% cap.
8. Retail Center in Katy, TX: 20,000 SF retail building outparcel to Walmart in fast growing and upper middle class Houston suburbs. 88% NNN leased with only 1 vacant unit. NOI $349K/yr. $4.348M. 8% cap.
9. IHOP in Atlanta, GA: 4131 SF IHOP restaurant on over 1 ac outparcel to Walmart and at a major retail corridor. 100% NNN lease with 14+ yrs left. NOI $198K/yr. $2.64M. 7.50% cap.
10. MOB in Albuquerque, NM: 14,300 SF well maintained surgery center at a hard corner location.  100% NNN leased with 9 yrs left. NOI $253K/yr with 3% annual increases. $2.3M. 11% cap. Note: suspect there is something wrong with this property, e.g. "dark" location.

            (c) Transmercial 2014

01-13: REO'ed Centers, Professional Plaza, Strip Centers

1. Retail Building in Coppell, TX: 9207 SF Class-A retail building on 1.37 a lot at a hard corner location of Hwy-121. In a fast growing (76.78% pop growth) and affluent (AHI $103K/yr in 1 mile) Dallas metro. Close to Vista Ridge Mall. 100% NNN leased to Zimmer Medical Supplies and Tranquility Dental. NOI $138KI/yr. $1.985M. 7% cap.
2. Retail Center in Cincinnati, OH: 15,700 SF attractive retail center renovated in 2012 on 1.88 ac lot at a signalized corner location. Tenants include: Aspen Dental, Original Mattress Factory, Cricket Communications, Salon Centric, Miracle-Ear and Check N’ Go. 87% leased with only 1 vacancy. NOI $288K/yr. $3.495M. 8.25% cap.
3. REO’ed Center in Warner Robins, GA: 15,000 SF eye-catching bank owned retail center on 1.81 ac lot in growing and high income (AHI $99K/yr) area. 100% leased. NOI $136K/yr. $1.795M. 7.60% cap.
4. Strip Center in Tempe, AZ: 8,750 SF attractive strip center built in 2006 on .81 ac lot at a signalized location in high income Phoenix suburbs. Adjacent to Albertson’s center. 86% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
5. Professional Plaza in Mesa, AZ: 26,348 SF Class-B professional plaza constructed in 2001 on 2½ ac lot at a hard corner location in high income Phoenix suburbs. 100% leased. NOI $313K/yr. $3.8M. 8.25% cap.
6. Shopping Center in Indian Head Park, IL: 17,992 SF well kept shopping center built in 1998 on nearly 2 ac lot along major retail artery. Next to Walgreens and close to I-294/55. 100% NNN leased. NOI $323K/yr. $4.195M. 7.70% cap.
7. Strip Center in Everett, OR: 7091 SF attractive strip center on .70 ac lot in high income Seattle suburbs with an AHI of $110K/yr in I mile. 85% NNN leased. NOI $99K/yr. $1.15M. 8.62% cap.
8. Retail Center in West Melbourne, FL: 61,746 SF retail center built in 2001 on 6.50 ac lot adjacent to Sam’s Club with easy access to I-95.  85% NNN leased.  NOI $375K/yr $4.7M. 7.98% cap.
9. Retail Center in Westerville, OH: 11,000 SF well maintained retail center on 1+ ac lot in growing and affluent Columbus suburbs with an AHI of $119K/yr in 1 mile. 87% leased. NOI $95K/yr. $1.15M. 8.30% cap.  

            (c) Transmercial 2014