Tuesday, April 29, 2014

04-15: Forever 21, Shari's Restaurant, Strip Centers, Retail Centers



  1. Shopping Center in Lancaster, CA: 32,662 SF remodeled shopping center on 2.37 ac lot anchored by Dollar Tree in growing Southern California. Pro forma NOI $307K/yr. $4.495M. 6.84% pro forma cap.
  2. Retail Center in San Leandro, CA: 18,963 SF consisting of two well maintained retail buildings on 1.74 ac lot in middle class Silicon Valley. Close to San Leandro Hospital and Bayfair Center. 100% leased. NOI $143K/yr. $2.388M. 6.01% cap. Just $125/SF!
  3. Forever 21 in El Paso, TX: 83,868 SF single-tenant retail building on an outparcel to 922,000 SF Sunland Park Mall. On a on/off ramp of I-10.  100% NNN leased to Forever 21 with 7 yrs left.  NOI $302K/yr. $3.784M. 8% cap.
  4. Strip Center in Phoenix, AZ: 9800 SF attractive strip center built in 2004 on 1.27 ac corner lot along main thoroughfare. Close to I-17. 100% leased. NOI $154K/yr. $1.995M. 7.75% cap.
  5. Retail Center in Bryan, TX: 17,223 SF well kept retail center on 1.39 ac lot at a signalized intersection close to St Joseph Regional Health Center. Across from H-E-B Supermarket anchored center. 100% leased. NOI $164K/yr. $1.95M. 8.42% cap.
  6. Retail Center in Duluth, GA: 10,875 SF attractive retail center on .48 ac lot in high income Atlanta metro with an AHI of $118K/yr in a 3 mile radius. Along Hwy-120. NNN leased. NOI $90K/yr. $1.075M. 8.40% cap.
  7. Retail Building in Boca Raton, FL: 6500 SF strip center in high income Fort Lauderdale suburbs. 100% leased. NOI $136K/yr. $1.65M. 8.29% cap.
  8. Retail Center in Blue Springs, MO: 9400 SF 6-units retail center at a major retail artery in Kansas city metro. Across from Walmart and Home Depot. Close to Adams Dairy Landing Power Center with Target, ROSS Dress For Less, T-J-Maxx and Home Goods. 89% NNN leased. NOI $128K/yr. $1.6M. 8% cap.
  9. Shari’s in West Linn, OR: 3950 SF Shari’s Restaurant on over 1 ac lot in affluent (AHI $118K/yr) Portland suburbs. Close to I-205. 20-yrs absolute NNN corp lease with 3-yrs left. NOI $73K/yr with 2% annual rent bumps. $1.01M. 7.25% cap.
  10. Strip Center in Wildomar, CA: 9588 SF recently constructed strip center on 1.51 ac lot in growing (92.66% pop growth since 2000) and high income (AHI $121K/yr in 1 mile) Riverside County. Close to Inland Valley Medical Center and I-15. 100% NNN leased to two tenants. NOI $150K/yr. $2.225M. 6.75% cap.

            (c) Transmercial 2014

Monday, April 28, 2014

04-14: Planet Fitness, Fresenius, Gold's Gym, MOB, Retail Centers



  1. Planet Fitness Center in La Puente, CA: 20,500 SF newly renovated fitness center on 2.29 ac lot in densely populated Los Angeles area. New 15 yrs NNN lease. NOI $307K/yr with 10% rent bumps every 5 yrs. $4.73M. 6.50% cap.
  2. Fresenius in Hyattsville, MD: 8180 SF well maintained dialysis center on .46 ac lot in densely populated Washington DC suburbs. Close to Providence Hospital. 100% NNN corp lease with 10+ yrs left. NOI $134K/yr with 10% rent bumps every 5-yrs. $1.999M. 6.75% cap.
  3. Retail Center in Kennewick, WA: 12,000 SF attractive retail center built in 1996 on 1 ac  outparcel to Fred Meyer supermarket in fast growing area. Pro forma NOI $133K/yr. $1.795M. 7.20% cap.
  4. Gold’s Gym in San Antonio, TX: 33,000 SF recently remodeled Gold’s Gym on 2.74 ac outlot to new Super Walmart. 100% NNN corp lease with 11+ yrs left. NOI $396K/yr with rent bumps every 5-yrs. $5.54M. 7.15% cap.
  5. Retail Center in Carrolton, TX: 14,422 SF attractive retail center on 1.37 ac lot in growing and high income Dallas metro. On a off/on ramp of Hwy-121. 90% leased. NOI $239K/yr. $2.999M. 8% cap.
  6. Shopping Center in Desoto, TX: 20,655 SF well kept shopping center on 1.67 ac corner lot in Dallas suburbs. In growing (19.43% pop growth since 2000) and upper middle class area with an AHI of $75K/yr. 100% leased. NOI $174K/yr. $1.934M. 9% cap.
  7. MOB in Maryland Heights, MO: 10,800 SF Class-B medical office building on 1½ ac lot. Across from Westport Plaza Power Center and near I-270. 100% NNN lease with 6-yrs left to a national senior health care provider.  NOI $128K/yr. $1.647M. 7.80% cap.

            (c) Transmercial 2014

04-11: Carl's Jr. MOB, Jack in the Box, Hi Falutin Western Grill, Office Park



  1. Retail Center in Denton, TX: 70,310 SF attractive retail center on over 6 ac outparcel to Golden Triangle Mall, with Sears, Macy’s and more. In fast growing Dallas suburbs. Close to I-35E. Tenants include: Bed Bath & Beyond, Staples, Party City and Once Upon a Child. NOI $788K/yr. $10.721M. 7.35% cap.
  2. Retail Building in Fresno, CA: 4714 SF attractive retail center built I 2006 at a signalized intersection. 100% NNN leased to T-Mobile and Raspados Café. NOI $112K/yr. $1.795M. 6.27% cap.
  3. Carl’s Jr. in Vacaville, CA: 4027 SF well maintained fast food restaurant on .34 ac lo in upper middle-class Solano County (half way between San Fran and Sacramento). Close to Costco and I-80. 100% NNN corp recently extended lease with 5-yrs left. NOI $99K/yr. $1.72M. 5.76% cap.
  4. Office Park in McKinney, TX: 56,000 SF consisting of three attractive buildings completed in 2007 on 3.66 ac lot in growing (470% pop growth since 2000) and affluent (AHI $136K/yr in 1 mile) Dallas metro. 100% leased. NOI $879K/yr. $11.725M. 7.50% cap.
  5. MOB in Boise, ID: 10,942 SF Class-B medical office building on .59 ac lot adjacent to St Alphonsus Regional Medical Center and I-184. Close to Boise Towne Square Mall with over 186-stores. 100% leased to multiple medical practices. NOI $104K/yr. $1.225M. 8.50% cap.
  6. Retail Center in Sarasota, FL: 14,725 SF retail center built in 1990 on 1+ ac lot in growing area South of Bradenton. 92% NNN leased with great tenant mix. Actual NOI $149K/yr. $1.995M. 7.50% actual cap. Upside potential.
  7. Jack in the Box in San Jose, CA: 2400 SF Jack in the Box at a hard corner location in high income Silicon Valley with an AHI of $127K/yr in 1 mile. Easy access to Hwy-85/101. 100% NNN ground lease (land for sale) with 5-yrs left. NOI $190K/yr. $3.465M. 5.50% cap.
  8. MOB in Henderson, NV: 6146 SF Class-B medical office building constructed in 1996 on .81 ac lot in high income (AHI $94K/yr) Las Vegas suburbs. 100% NNN lease with 5-yrs left to a strong tenant with 53 Southern Nevada locations. NOI $111K/yr with 3% annual rent increases. $1.59M. 7% cap.
  9. Retail Center in Oviedo, FL: 12,000 SF attractive retail center on 1.20 ac lot along main artery in Orlando suburbs. Close to Oviedo Mall. 93% leased.  NOI $138K/yr. $1.75M. 7.89% cap.
  10. Hi Falutin Western Grill in Tucson, AZ: 3300 SF restaurant built in 2002 on .65 ac lot along major corridor in high income area. 100% NNN lease with 5-yrs left. NOI $78K/yr with annual rent increases. $850K. 9.20% cap.
           
            (c) Transmercial 2014

Thursday, April 24, 2014

04-10: Shoney's, Student Housing, MOB, World Wide Tires, Inline Center



  1. Shoney’s in Greensboro, NC: 5798 SF restaurant on 1.74 ac lot right off I-40 exit. 20-yrs NNN corp lease with 13-yrs left.  NOI $93K/yr with 6% rent bumps every 4 yrs.  $1.25M. 7.5% cap.
  2. Inline Center in Louisville, KY: 10,400 SF attractive retail center built in 2002 on 1 ac lot next to Kohl’s and adjacent to Walmart Supercenter. 100% NNN leased. NOI $138K/yr. $1.882M. 7.35% 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. $895K. 7.85% cap.
  4. Student Housing in Tucson, AZ: 12-units well kept student apartments close to University of Arizona. NOI $62K/yr. $720K. 8.65% cap.
  5. MOB in Atlanta, GA: 7800 SF medical office building on .69 ac lot in growing affluent area with an AHI of $104K/yr in 3 miles. Close to I-285. 87% leased to five tenants and only 1 vacancy. NOI $82K/yr. $895K. 9.25% cap.
  6. Strip Center in Clovis, CA: 5830 SF attractive strip center along main retail artery in growing Fresno suburbs. Close to Walmart Supercenter and Sierra Vista Mall. 90% NNN lased to multiple tenants. NOI $83K/yr. $1.27M. 6.60% cap.
  7. World Wide Tires in Clovis, CA: 9670 SF auto center on along main retail corridor in growing Fresno suburbs. Close to Walmart Supercenter and Sierra Vista Mall. NOI $104K/yr. $1.3M. 8% cap.

            (C) Transmercial

Wednesday, April 23, 2014

04-09: KinderCare, MOB, Fresenius, Shopping Centers



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. Strip Center in Jonesboro, GA: 9600 SF attractive strip center built in 2007 on 1.23 ac lot in growing Atlanta suburbs. All units face major corridor. 100% leased. NOI $99K/yr. $1.1M. 9% cap.
  2. Retail Center in Las Vegas, NV: 16,349 SF retail center constructed in 2004 on 1.45 ac lot along major retail artery in growing upper middle-class area. 93% leased. NOI $218K/yr. $3.1M. 7% cap. Upside potential.
  3. KinderCare in Glendale, AZ: 10,400 SF day care center built in 1995 on 1.38 ac lot in high income (AHI $98K/yr in 1 mile) Phoenix metro. Close to Hwy-101. 100% absolute NNN lease with 5-yrs left. NOI $197K/yr. $2.55M. 7.75% cap.
  4. MOB in Warner Robins, GA: 7024 SF Class-A medical office building completed in 2008 on 1.71 ac lot in a fast growing area. Close to Galleria of Centerville. 100% leased to Lakeview Surgery Center and The Nexus Pain Center. NOI $146K/yr. $1.625M. 9% cap.
  5. MOB in Orlando, FL: 15,080 SF Class-A medical office building completed in 2004 across from Florida Hospital East Orlando. Close to Expy-16. 100% leased to five tenants. NOI $361K/yr. $4.85M. 7.50% cap.
  6. Retail Building in Ridgeland, MS: 7527 SF retail center built in 2005 in a growing area. On a pad with a brand new Lowe’s. Between 1,000,000 SF North Park Mall and I-55. 100% NNN leased to Verizon Wireless and Honey Bakes Ham CafĂ©. NOI $174K/yr. $2.1M. 8.50% cap.
  7. Fresenius in Chandler, AZ: 7425 SF Class-B consisting of two medical office buildings completed in 2000 on .84 ac lot along major retail thoroughfare. Close to Chandler Regional Medical Center. NOI $140K/yr. $1.795M. 7.84% cap.
  8. Shopping Center in Cordova, TN: 43,351 SF well maintained shopping center on nearly 4 ac lot at a major intersection in growing Memphis suburbs. Across from Kroger grocery center. 94% NNN leased. NOI $370K/yr. $3.95M. 9.37% cap.
  9. Strip Center in Victorville, CA: 6200 SF six units strip center in San Bernardino County. Near new Home Depot and close to I-15. NOI $73K/yr. $980K. 7.50% cap.

            (c) Transmercial 2014