06-16: Burlington Coat Factory, MOB, Walgreens

1. Burlington Coat Factory in Santa Ana, CA: 58,450 SF single-tenant retail tenant on 5.32 ac lot in high-income & densely populated Orange County (AHI $80K/yr).  Just one Mile North of the prestigious South Coast Plaza.  100% NNN corp lease to BCF with 5 yrs left.  NOI $1.029M. $14.7M. 7% cap.
2. Marketplace Center in Sartell, MN: beautiful 25,286 SF constructed in 2004 in booming (177% growth) and high income (AHI $77K/yr) St. Cloud area.  Shadow anchored by grocery store with strong sales.  100% leased to 9 tenants.  NOI $325K/yr.  n$3.7M. 8.8% cap.
3. Shopping Center in Myrtle Beach, SC: 45,790 SF value-add shopping center in coastal city.  anchored by a newly extended Advance Auto Parts lease provides nice 10-year term and Dollar General.  87% leased.  Offer at 9% cap.  NOI/Price not avail.
4. Office building in Highland Village, TX: 4000 SF office building developed in 2000 on .48 ac lot in affluent (AHI $117K/yr) Dallas suburbs.  100% leased to 2 tenants.  NOI $70K/yr. $750K/ 9.33% cap.
5. Office Building in Las Vegas, NV: 8602 SF office building completed in 1995 on .83 ac lot in high income area (AHI $106K/yr).  100% leased to Nevada State Bank, Animal Hospital, and La Petite Academy.  NOI $174K/yr.  $2.49M. 7% cap.
6. MOB in Santa Ana, CA: 6975 SF single-tenant medical office building on .94 ac lot on a major artery in high income area.  100%  NNN leased to OC Dental Group since 2005 with 6 yrs left.  NOI $154K/yr. $3M. 5.15% cap.
7. Office building in Martinez, CA: 6900 AF office building on 1/2 ac lot with easy access to Hwy 4 in high income San Francisco Bay Area.  100% leased.  NOI $120K/yr. $1.55M. 8% cap.
8. Retail center in Roswell, GA:  9547 SF retail center on .89 ac lot in high income Atlanta metro.  90% leased.  NOI $129K/yr. $1.549M. 8.34% cap.
9. Walgreens in Homewood, IL: 11,000 SF drug store on 1.5 ac lot in high income Chicago metro.  100% NNN- lease with 6 yrs left.  NOI $180K/yr. $2.487M. 7.25% cap.

            (c) Transmercial 2014 

06-13: Applebees, Logan's, Kohl's, Dunkin's, Church Chicken, MOB, retail centers

1. Applebee's in Elgin, IL: 5004 SF restaurant built in 1996 on 1.12 ac outparcel to a movie theater, and across from Target anchored shopping center on a major artery in high income Chicago metro. 20 yrs absolute NNN lease with 12+ yrs left to a franchisee with 45 units.  NOI $222K/yr with 2% annual rent bumps. $2.96M. 7.5% cap.
2. Logan's Roadhouse in Tulsa, OK: 6503 SF franchised restaurant built in 2010 on 1.4 ac lot across from Sam's Club and adjacent to 777,000 SF Tulsa Hills Shopping Center.  Strong demographics with AHI of over $100K/yr. 20 yrs absolute NNN corp lease with 16 yrs left to a tenant/corp with 220 locations in 23 states.  NOI $248K/yr with 10% rent bumps every 5 yrs. $3.554M. 7% cap.
3. Kohl's in Rancho Cordova, CA: 76,168 SF single-tenant 6-yrs old retail building on 6.68 ac lot in Sacramento metro. Adjacent to Super Target and Near Walmart. Easy access to hwy 50.  100% absolute NNN corp lease with 1-0+ yrs left.  NOI $661K/yr with 10% rent bumps every 5 yrs.  $11.5M. 5.75% cap.
4. Dunkin's Doughnut & Verizon in Hartford, NY: 1890 SF Dunkin Donuts on .48 ac lot next to Walgreens and across from Rite Aid in high income Utica.  100% absolute NNN ground lease to Dunkin's Donuts and Verizon Wireless (wireless tower) both with over 10 yrs left (land is for sale).  NOI $72K/yr.  $1.106M. 6.5% cap.
5. Church's Chicken in Raleigh, NC: 1297 SF restaurant on .21 ac parcel.  100% absolute NNN corp lease with 10+ yrs left.  NOI $68K/yr with 1.5% annual rent bumps. $980K. 7% cap.
6. Retail Center in Wildomar, CA: 9258 SF retail center on 1.5 ac lot in high income Sothern CA (AHI $97K/yr).  Shadow anchored by Rite Aid.  100% NNN leased to 2 tenants.  NOI $150K/yr. $2.225M. 6.75% cap.
7. Strip center in Vestavia, AL: 9200 SF well-maintained retail/office center on .82 ac corner lot.  100% leased to 4 tenants: insurance, Subway, ReMax, and packaging store.  Gross income $139K/yr.  $1.325M.
8. Apartments in Lake Worth, FL: 27-unit multifamily on 4.7 ac parcels in Fort Lauderdale metro. Just blocks from John Prince Memorial Park, Palm Beach Community College, Lantana Airport.  NOI $172K/yr. $1.9M. 9% cap.
9. Medical Office Building in Montgomery, AL: 4293 SF Medical Imaging center built in 2000 on 1/2 ac lot  near highly-rated 150-bed acute care Baptist Medical Center East. High growth, high income area.  100% NNN leased with 2 yrs left to MedQuest with 60 imaging centers in 8 states.  NOI $106K/yr. $850K.  12.5% cap.
10. Retail/Office Building in Elmsford, NY: 24,059 SF retail/office building consists of 4 retail tenants and 9 office suites in high income New York city metro.  Pro forma NOI $265K/yr. $2.995M. 8.87% pro forma cap.

(c) Transmercial 2014

06-12: MOB, Business Center, Family Dollar, Retail Centers

1. Retail Center in Medina, OH: 15,300 SF retail center built in 2000 on over 1 ac lot in a growing and upper middle-class city in Cleveland metro. Across from Walmart, Kohl’s, Home Depot & Hobby Lobby centers. 92% NNN leased. NOI $120K/yr. $1.38M. 8.71% cap.
2. Shopping Center in Turlock, CA: 35,735 SF shopping center on 4 ac lot anchored by Party City and Dollar Tree in growing town Central Valley. Shadow anchored by Costco. Across from Monte Vista Crossings, with Kohl’s, Safeway, Lowe’s, BevMo, Target and Home Depot and more. Next to Hwy-99. 100% leased to national tenants. NOI $687K/yr. $11.45M. 6% cap.
3. Strip Center in Bowling Green, KY: 12,575 SF attractive strip center on over 1 ac lot in a growing area. Adjacent to Kroger Grocery Center. 100% NNN leased. NOI $198K/yr. $2.65M. 7.50% cap.
4. Office Building in Gahanna, OH: 10,640 SF Class-A recently renovated multi-tenant office building in affluent (AHI $106K/yr) Columbus suburbs. 100% NNN leased. NOI $183K/yr. $2.29M. 8% cap.
5. MOB in Cincinnati, OH: 8100 SF well maintained single-tenant medical office building on .74 ac lot. Close to Western Hills Mall. 100% NNN corp lease with 4-yrs left to TriHealth Medical. NOI $101K/yr. $1.125M. 9% cap.
6. Business Center in Albuquerque, NM: 42,939 SF well kept business center on 3.60 ac lot a busy retail corridor. Close to I-25. NOI $241K/yr. $2.95M. 8.20% cap.
7. Family Dollar in Fontana, CA: 8320 SF retail building store built in 2013 on 1.26 ac lot in San Bernardino County. New 15 yrs NNN corp lease.   NOI $126K/yr with up to 10% rent bump in year 11.  $2.191M. 5.75% cap. 
8. Shopping Center in Memphis, TN: 37,732 SF well maintained shopping center on 4.21 ac lot at a major retail artery. Near Hickory Ridge Mall and Hwy-385. 100% leased. NOI $217K/yr. $2.75M. 7.90% cap.
9. Strip Center in Tinley Park, IL: 4800 SF attractive strip center on .43 ac outparcel to Menard’s Home Improvement store in Chicago suburbs. 100% leased by two tenants. NOI $85K/yr. $1.064M. 8% cap.
10. Retail Center in Bridgeview, IL: 14,000 SF well maintained retail center at a hard corner location in Chicago suburbs. NOI $148K/yr. $1.65M. 9% cap.

            (c) Transmercial 2014

06-11: Walgreens, Family Dollar, Shopping Centers, Multi-family

1. Walgreens in Fort Worth, TX: 13,905 SF drug store built in 1999 on 1.8 ac corner lot.  Store with strong sales of $12M/yr in the top 2-3% for Walgreens.  20 yrs NNN lease with 5 yrs left.  NOI $322K/yr. $5.6M. 5.75% cap.
2. Family Dollar in Moreno Valley, CA: 8399 SF Family Dollar store built in 2013 on 1.1 ac lot. New 15 yrs NNN corp lease.   NOI $124K/yr with up to 10% rent bump in year 10.  $2.156M. 5.75% cap.  24 other CA locations avail.
3. Shopping Center in Altamonte Springs, FL: 50,693 SF lake-front 25-unit shopping/office center  on a major artery in strong income Orlando metro.  Near Kohls, and Lowes. 94% NNN leased.  NOI $554K/yr. $6.199M. 8.94% cap.
4. Multi-family in Tracy, CA: 14-unit well-maintained multi-family.  100% occupied.  NOI $82K/yr. $950K. 8.7% cap.
5. Shopping Center in Sacramento, CA: 40,721 SF beautiful shopping center on a corner lot completed in 2007.  Strong demographics: AHI of $100K and over 3000% population growth since 2000.  Anchored by CVS pharmacy and Family Dollar.  100% NNN leased to 11 tenants. NOI $475K/yr. $7.6M. 6.25% cap.
6. Shopping Center in Humble, TX: 24,939 SF built in 2005 on 2.13 ac lot at the entrance to Walmart in Houston metro.  Near Ross, Burlington Coat Factory, Sam's Club, and Deerbrook Mall.  92% NNN leased with 1 vacant unit.  Current NOI $397K/yr. $5.295M. 7.5% cap. Upside potential when 100% leased.
7. Shopping Center in Glen Allen, VA: 84683 SF single-tenant retail center on 9 ac lot in a commercial corridor surrounded by DSW Shoes Warehouse, Michaels, Costco, Lowes, Kroger.  100% leased to Rooms To Go Furniture with 160 locations.  NOI $415K/yr. $5.928M. 7% cap.
8. Shopping Center in Colonial Heights, VA: 71,509 SF shopping center on 6 acres outparcel to Southpark Mall in Richmond metro.  Anchored by Ashley Furniture.  100% leased.  NOI $841K/yr. $10.5M. 8% cap.
9. Shopping Center in Roanoke, VA:  81789 SF shopping center on 7.6  acres outparcel to 800,000 SF Valley View Mall.  100% leased to 2 brand name tenants: hhgregg and Dick's Sporting Goods. NOI $895K/yr. $10.5M. 8.5% cap.

(c) Transmercial 2014 

06-10: DaVita, Rick Johnson, Gateway Academy, Tire Kingdom, Retail Centers

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. Retail Center in Denton, TX: 70,310 SF attractive retail center on over 6 ac outparcel to 764,719 SF  Golden Triangle Mall, with Sears, Macy’s, Dillard’s and more. In fast growing Dallas suburbs. Close to I-35E. 100% leased to Bed Bath & Beyond, Staples, Party City and Once Upon a Child. NOI $788K/yr. $11.265M. 7% cap.
2. DaVita in Moorpark, CA: 11,594 SF high quality constructed single tenant dialysis center completed in 2008 in high income city (AHI $126K/yr in 3 mile) in Southern California. 15-yrs NNN corp lease with 13 yrs left. NOI $340K/yr with 10% rent bumps every 5-yrs. $5.3M. 6.43% cap.
3. Rick Johnson in Fort Myers, FL: 5304 SF well maintained Rick Johnson auto center on .86 ac lot along major retail corridor in Cape Coral suburbs. 10-yrs absolute NNN lease with over 8 yrs left. NOI $98K/yr with rent bumps. $1.353M. 7.25% cap.
4. Retail Building in Phoenix, AZ: 4314 SF attractive retail building at a busy thoroughfare. Close to Phoenix Children’s Hospital. 100% NNN leased to 3 national tenants: Dunkin’ Donuts, Progressive Insurance and Check into Cash. NOI $97K/yr. $1.34M. 7.25% cap.
5. Retail Center in League City, TX: 11,500 SF recently constructed retail center at a signalized intersection in growing and high income Houston suburbs with an AHI of $101K/yr in 1 mile radius.  100% NNN leased to Safari Anima, Yummy Donut, Trendy Nails, Hair 21 and Massage 21. NOI $189K/yr. $2.7M. 7.02% cap.
6. Shopping Center in Upland, CA: 23,563 SF L-shaped well maintained shopping center built in 1990 on 2.48 ac lot at a hard corner location in high income (AHI $104K/yr) San Bernardino County. 96% leased. NOI $192K/yr. $3.105M. 6.22% cap.
7. Gateway Academy in Charlotte, NC: 11,884 SF Child Development Center built in 2001 on 2.36 ac lot in a growing and affluent area with an AHI of $126K/yr in 1 mile. 20-yrs NNN lease with 12-yrs left to 5^th largest day care provider with 120 units. NOI $194K/yr with 2% annual rent bumps. $2.432M. 8% cap.
8. Tire Kingdom in Greenville, SC: 6656 SF 8-bay Tire Kingdom completed in 2003 outparcel to Hobby Lobby in growing (140% pop growth since 2000) and high income area with an AHI of $93K/yr in a 3 mile radius. Adjacent to Walmart and near I-385. 100% NNN corp lease with 10-yrs left. NOI $154K/yr with a 10% rent bump in 2019. $2.294M. 6.75% cap.
9. Retail Center in Spokane, WA: 9960 SF attractive retail center completed in 1999 on nearly 1 ac lot along busy retail corridor. All units face main road. $2.185M.  NOI/Cap N/A.

            (c) Transmercial 2014

06-09: Walgreen's, MOB, Surgery Center, BEALLS, Mixed-Use, Dickey's Restaurant

1. Neighborhood Center in Oceanside, CA: 28,827 SF 12-units attractive shopping center completed in 1989 on over 3 ac lot at a signalized intersection in a coastal city in Southern California, Major tenants include: Shell Gas Station, Domino’s Pizza, Five Star Market Liquor, Metro PCS and Douglas Square Cleaners. 83% NNN leased. NOI $515K/yr. $6.87M. 7.50% cap.
2. Shopping Center in Charlotte, NC: 64.584 SF shopping center built in 1999 on nearly 9 ac lot anchored by BI-LO Supermarket at a hard corner location. 100% NNN leased. NOI $757K/yr. $9.874M. 7.67% cap.
3. Walgreen’s in Saint Petersburg, FL: 13,672 SF drive-thru Walgreen’s built in 1998 on 1.74 ac lot along major corridor. Across from Walmart center. 20-yrs NNN- lease with 4-yrs left. NOI $336K/yr. $4.342M. 7.75% cap.
4. MOB in Washington, MI: 19,548 SF eye-catching multitenant medical office building constructed in 2002 on 1.42 ac lot anchored by Crittenton Hospital in high income Detroit suburbs. 100% NNN leased to strong tenants. NOI $434K/yr. $4.765M. 9.11% cap.
5. Surgery Center in Southgate, MI: 9811 SF state-of-the-art single tenant medical office building completed in 2006 in Detroit suburbs. This is a sale-leaseback investment. New 10 yrs absolute NNN lease. NOI $274K/yr with 3% annual rent increases. $3.433M. 8% cap.
6. BEALLS in Longview, TX: 40,524 SF building renovated in 2004 on 3 ac lot part of 639,000 SF Longview Mall with Dillard’s, Sears and JCPenney.  100% NNN- corp lease with over 10-yrs left. NOI $364K/yr. $5.21M. 7% cap.
7. Mixed-Use in Queens Village, NY: 38,950 SF attractive retail/office center built in 2006 on .57 ac lot in densely populated (over 1M residents in 5 mile radius) and upper middle class (AHI $88K/yr in 1 mile) New York suburbs. Close to Belmont Park Race Track and Hwy-26D. 75% leased. $11.5M. NOI/Cap N/A.
8. Retail Center in Las Vegas, NV: 16,900 SF retail center built in 19998 on 1.48 ac lot at a hard corner location. Adjacent to 231-bed Spring Valley Hospital. 100% NNN leased with good tenant mix. NOI $366K/yr. $4.5M. 8% cap.
9. Dickey’s in Centennial, CO: 1261 SF free-standing drive-thru restaurant on .83 ac lot along major corridor in high income (AHI $114K/yr in 3-miles) Denver metro. Tenant has been at this location since 2002. 100% NNN lease to a Dickeys franchisee with 5-yrs left. NOI $107K/yr. $1.261M. 8.50% cap.
10. MOB in Miami Lakes, FL: 31,011 SF Class-B single-tenant interest in a 4-story 62,811 SF medical office building on 1.44 ac lot along major thoroughfare in high income Miami metro with AHI of $94K/yr in 1 mile.  Close to Miami Children’s Hospital and Palmetto General Hospital. 100% NNN lease with proposed 5-yrs lease. NOI $455K/yr. $6.5M. 8.80% cap.  Note: this is a sale and lease back for lease terms can be changed.

            (c) Transmercial 2014

06-06: Lowe's, Arby's, Office Building, Shopping Centers, Retail Buildings

1. Lowe’s in Columbus, OH: 125,357 SF big box retail building completed in 1994 on over 12 ac lot at a busy retail corridor. Adjacent to Hobby Lobby & Dollar Tree center. Close to Magic Mountain Fun Center, a year-round indoor/outdoor family fun center and I-70. Tenant has been here for 20 yrs and just renewed 5 yrs  NNN- corp lease with 34% rent reduction. New NOI $532K/yr. $6.3M. 8.46% cap.
2. Retail Center in Elgin, IL: 15,233 SF attractive retail center built in 1990 on 1.78 ac lot along major corridor in upper middle-class Chicago suburbs. Near major center with Target, Hobby Lobby and Burlington. 83% NNN leased to national/regional tenants. Actual NOI $216K/yr. $2.6M. 8.33% cap. Upside potential.
3. Shopping Center in Columbus, GA: 46,784 SF attractive shopping center anchored by Gold’s GYM and Dollar General. Close to Peachtree Mall and with easy access to Hwy-185. NOI $342K/yr. $3.6M. 9.50% cap.
4. Arby’s in Jacksonville, FL: 3718 SF well maintained Arby’s Restaurant on nearly 1 ac lot along major retail corridor and near I-295. 20-yrs absolute NNN corp lease with 8-yrs left. NOI $140K/yr with rent bumps every 2-yrs. $2.012M. 7% cap.
5. Office Building in Meridian, ID: 22,308 SF Class-A multi-tenant office building completed in 2007 on .52 ac lot in a fast growing (310% pop growth since 2000) and high income (AHI $94K/yr) Boise suburbs. 94% leased. NOI $190K/yr. $2.795M. 6.80% cap.
6. Retail Center in Louisville, KY: 16,728 SF attractive retail center next to Kroger Grocery and across from Kohl’s and Walmart Supercenter. 66% leased. $3.745M. NOI/Cap N/A.
7. Retail Center in Hesperia, CA: 19,732 SF 11-units retail center completed in 2008 on 2.56 ac lot in growing San Bernardino County. 100% NNN leased. NOI $275K/yr. $4.5M. 6.13% cap.
8. Shopping center in Melrose Park, IL: 43,000 SF shopping center renovated in 2011 at a hard corner location and next to Toys R Us. Adjacent Winston Plaza, with Meijer Grocery and Chuck E. Cheese’s. Close to Target, Gottlieb Hospital and Costco. 83% NNN with excellent tenant mix. NOI $458K/yr. $6.45M. 7.11% cap.
9. Office Building in Folsom, CA: 8837 SF Class-A single-tenant office building on 1 ac lot in affluent (AHI $114K/yr) Sacramento suburbs. Close to Mercy Hospital of Folsom and Power Center with several big-box anchored tenants. 100% leased to Morgan Stanley, a multinational financial service corporation with 1300 offices. Actual NOI $126K/yr. $1.8M. 7% cap.

            (c) Transmercial 2014

06-05: Mixed-Use, REO, Cancer Center, Speedy Cash, Faoums Foodwear

1.       Retail Center in Geneva, IL: 10,623 SF attractive retail center built in 1995 on over 1 ac lot at a signalized corner location and in affluent (AHI $166K/yr) Chicago suburbs. Tenants include: 7-Eleven, State Farm Insurance, Taylor Street Pizza, Dry Cleaner with drive-thru, and Nail Salon.  100% NNN leased. NOI $199K/yr. $2.7M. 7.39% cap.

2.       Retail Center in Las Vegas, NV: 16,600 SF well kept retail center completed in 2002 on 1.40 ac lot in high income area with an AHI of $98K/yr in 3 mile radius. Close to Centennial Hills Hospital Medical Center and Hwy-95. 90% leased. Actual NOI $214K/yr. $2.678M. 8% cap.

3.       Mixed-Use Center in Clermont, FL: 41,902 SF retail/office center built in 2006 on 4.30 ac lot in growing & high income Orlando suburbs. All units facing Hwy-27. Across from Publix Grocery Center. 100% leased. NOI $615K/yr. $6.95M. 8.85% cap.

4.       REO Retail Center in Marietta, GA: 19,692 SF 11-units well maintained bank owned retail center in growing and high income (AHI $108K/yr in 3 mile) Atlanta suburbs. NOI $135K/yr. $1.8M. 7.50% cap.

5.       Cancer Center in Riverside, CA: 11,763 SF single-tenant medical office building on 2.35 ac lot.  100% NNN leased to Vantage Oncology with 60 treatment centers in 14 states. Near expanding Riverside Community Hospital. NOI $233K/yr. $3.27M.  7.15% cap.

6.       Shopping Center in Downers Grove, IL: 31,111 SF well kept shopping center on over 3 ac lot in high income (AHI $104K/yr) Chicago suburbs. 96% NNN leased to Just Tires, Subway, Dairy Queen, Anytime Fitness, Cleaners, Benjamin Moore, John & Eddie' s Pizza, International Beauty, J.C. Licht, and Los Dos Mexican Restaurant, among others. NOI $431K/yr. $5.076M. 8.50% cap.

7.       Retail Center in Machesney Park, IL: 10,580 SF retail center on 1 ac outlot to Kohl’s in upper middle class Rockford suburbs. Close to Home Depot and Target. 100% leased with a good mix of national/local tenants. NOI $156K/yr. $10.58M. 1.734M. 9.03% cap.

8.       Speedy Cash in Laredo, TX: 2406 SF retail building on .49 ac lot at a major retail artery in a border city. Close to Mall Del Norte and I-35. 10-yrs absolute NNN corp lease. NOI $66K/yr with 10% rent bumps 1.015M. 6.50% cap.

9.       Famous Footwear in Saint Charles, MO: 8000 SF single-tenant retail building sandwiched between Target and Home Depot in high income St. Louis MSA. 100% NNN lease with 2-yrs left. NOI $1.2M. 9% cap.

10.   Neighborhood Center in Denton, TX: 69,263 SF attractive shopping center outparcel to Walmart Supercenter in fast growing area. Along major retail artery close to Target, Home Depot and Golden Triangle Mall. NNN lased. NOI $859K/yr. 7% cap. Price N/A.

            (c) Transmercial 2014

06-04: Serrano's Mexican Restaurant, Denny's, Famous Dave's, MOB, Dairy Queen

1. Serrano’s Restaurant in Mesa, AZ: 5145 SF recently renovated free-standing Mexican Restaurant on .56 ac outparcel to Bashas’ Grocery Center. Along main corridor and in high income (AHI $100K/yr) Phoenix suburbs. Tenant has been at this location for 22 yrs.  15-yrs absolute NNN corp lease to a local tenants with 6 locations. NOI $100K/yr with 1.75% annual rent increases. $1.428M. 7% cap.
2. Shopping Center in Parkland, FL: 75,440 SF high quality construction shopping center built in 2006 on 13 ac lot at a signalized intersection in Fort Lauderdale suburbs. At a major artery. Key tenant include: MxStage Kidney Care, Anytime Fitness, Allstate Insurance, Great Clips, Chadwick Hair Company and Spa S’Criage. 77% leased. Pro forma NOI $1.042M/yr. $12.5M. 8.33% pro forma cap.
3. Denny’s is Orlando, FL: 4675 SF recently renovated established Denny’s Restaurant on over 1 ac lot. Close to Orlando International Airport. 20-yrs absolute NNN lease with over 13-yrs left to strong operator with 24-units. NOI $70K/yr with 10% rent increases every 5-yrs. $1.347M. 5.25% cap.
4. Retail Building in Reynoldsburg, OH: 9840 SF well maintained retail building in growing and upper middle class Columbus suburbs. 100% NNN leased. NOI $76K/yr. $900K. 8.50% cap.
5. Retail Center in Pineville, NC: 13,274 SF attractive retail center on 2½ ac lot in Charlotte suburbs. Close to Carolinas Medical Center Pineville, Carolina Place Mall and I-485.  100% leased. NOI $112K/yr. $1.3M. 8.60% cap.
6. Famous Dave’s in Apple Valley, MN: 6586 SF well maintained franchised Famous Dave’s Restaurant in high income Minneapolis metro. Adjacent to Walmart Supercenter, Target, Best Buy and Burlington Coat Factory. 100% absolute NNN corp lease with 5-yrs left. NOI $202K/yr with 4.04% rent increases every  2-yrs. $2.897M. 7% cap.
7. Retail Building in Shawnee, KS: 8400 SF attractive retail center completed in 1990 on .46 ac lot in Kansas City suburbs. 74% leased with only 1 vacancy. Actual NOI $63K/yr. $875K. 7.30% actual cap. Upside potential.
8. MOB in Houston, TX: 47,389 SF Class-B medical office building on nearly 3 ac lot. Adjacent to Texas Medical Center and near I-610. 100% leased to six tenants. NOI $660K/yr. $7.1M. 9.30% cap.
9. Dairy Queen in Memphis, TN: 3655 SF drive-thru fast food restaurant completed in 2006 on .77 ac lot. Close to an off/on ramp of Hwy-385. 20-yrs absolute NNN lease to a strong operator. NOI $89K/yr. $1.35M. 6.63% cap.
10. Shopping Center in Tulsa, OK: 123,774 SF attractive neighborhood center on 11.52 ac lot .  Adjacent to Woodland Hills Mall and close to Hwy-64. 100% leased with excellent tenant mix. NOI $910K/yr. $13.59M. 6.70% cap. 

            (c) Transmercial 2014

06-03: PetSmart, Dollar Tree, Carmax, Just Fitness, MOB

1. Office Building in Darien, IL: 8784 SF well maintained office building on .69 ac lot at a hard corner location. In high income Chicago suburbs. 80% leased to multiple tenants. Actual NOI $135K/yr. $1.6M. 8.47% cap. Upside potential when fully leased.
2. Strip Center in Dallas, TX: 8107 SF recently renovated strip center on .62 ac lot at a signalized corner location. 100% NNN leased to 7-Eleven and Seoul Garden, a Korean Restaurant. Close to I-35E. NOI $136K/yr. $1.949M. 7% cap.
3. PetSmart & Dollar Tree in Forsyth, IL: 20,000 SF PetSmart and 10,000 SF Dollar Tree completed in 2006 on a ac lot next to Best Buy in growing and high income (AHI $100K/yr) Decatur suburbs. Across from Hickory Point Mall, close to Hwy-51 and I-72. 100% corp leased. NOI $341K/yr. $4.55M. 7.50% cap.
4. Office Building in Boise, ID: 10,958 SF Class-A multi-tenant office building constructed in 2006 on .81 ac lot in growth and high income area. NNN leased to three tenants. NOI $151K/yr. $1.955M. 7.75% cap.
5. MOB in Lake Worth, FL: 8781 SF Class-B medical office building at a signalized interaction in Miami metro. Along main artery and close to I-95. NOI $112K/yr. $1.4M. 8% cap.
6. Retail Center in Peachtree City, GA: 18,472 SF retail center on 2.59 ac lot in an affluent city (AHI $104K/yr) in Atlanta suburbs. NNN leased. NOI $285K/yr. $3.363M. 8.50% cap.
7. MOB in La Puente, CA: 3188 SF Class-A single-tenant medical office building in densely populated Los Angeles County. 100% leased. NOI $39K/yr. $799K. 5% cap.
8. Office Building in Bolingbrook, IL: 24,500 SF well maintained office building on 1.37 ac lot in growing and high income Chicago suburbs. Along main thoroughfare and near I-55. NOI $242K/yr. $2.7M. 8.98% cap.
9. Carmax in Bradenton, FL: 4160 SF retail building constructed in 2007 on .77 ac outparcel to 247,000 SF Power Center with Lowe’s, Dick’s Sporting Goods and Best Buy in Tampa metro. Along major retail corridor and near 678,000 SF DeSoto Square Mall. 100% NNN lease with 5-yrs left to Carmax. NOI $147K/yr with 3% annual rent increases. $1.686M. 8.75% cap.
10. Just Fitness in Carrollton, TX: 17,373 SF state-of-the-art fitness center on 1 ac lot in a growing and affluent Dallas suburbs with an AHI of $101K/yr in 1 mile. Across from Kohl’s and adjacent to Kroger Grocery Center. 100% NN leased with 7-yrs left to a Just Fitness 4 U center with 7 locations in Dallas metro. NOI $165K/yr. $2.2M. 7.50% cap.

            (c) Transmercial 2014

06-02: Mixed-Use, CVS, Retail Centers, Shopping Centers

1. Retail Center in Galloway, OH: 29,840 SF attractive retail center built in 2002 on 2.52 ac lot in Columbus suburbs. Excellent tenant mix: 8,000 SF Family Dollar Store, Express Payroll Advance, The Tan Spot, Q continuum Organization, H&R Block, State Farm Insurance, Dance Studio, Metro PCS, Fawzi Hassan and Flyers Pizza. 100% leased. NOI$194K/yr. $2.162M. 9% cap.
2. Mixed-Use Center in Tacoma, WA: 27,236 SF two-story retail/office center on 1.25 ac lot with good access to Hwy-16. The ground floor is leased to retail tenants, 2dn level are medical offices. 97% leased. NOI $640K/yr. $8.88M. 7.21% cap. Upside potential.
3. Office Building in Littleton, CO: 30,366 SF well maintained office building on .86 ac lot in growing and high income Denver suburbs. Adjacent to Arapahoe Community College, Light rail and Hwy-85. 83% leased. NOI $156K/yr. $1.95M. 8% cap.
4. CVS in Alpharetta, GA: 10,722 SF drive-thru well kept drug store built in 1998 on 1.82 ac lot at a hard corner location in affluent Atlanta suburbs with an AHI of $137K/yr in 3 mile radius. 100% NNN lease with 4-yrs left. NOI $251K/yr. $3.415M. 7.35% cap.
5. Retail Center in Hoover, AL: 16,100 SF newly constructed retail center in Birmingham suburbs. Near Riverchase Galleria Mall and I-459. 70% NNN leased. 8% cap. NOI/Price N/A.
6. Shopping Center in Orem, UT: 47,819 SF shopping center built in 1992 on 3.71 ac lot at a signalized location. Close to University Mall and Costco. 82% leased. NOI $641K/yr. $7.64M. 8.40% cap.
7. Retail Center in Fremont, CA: 10,798 SF well maintained retail center in high income Silicon Valley suburbs with an AHI of $104K/yr in 1 mile radius. All units face main corridor. Close to Newpark Mall and I-880. 88% NNN leased to strong tenants. NOI $418K/yr. $7.276M. 5.75% cap.
8. Retail Center in Milwaukee, WI: 20,150 SF retail center on 1.50 ac outparcel to Walgreens. 90% NNN leased to O’Reilly Auto Parts, Subway and Papa Murphy’s Pizza. NOI $125K/yr. $1.565M. 8% cap.
9. Strip Center in North Miami Beach, FL: 11,151 SF mature strip center at a major retail corridor. Adjacent to The Mall at 163^rd Street with Walmart Supercenter and The Home Depot. 100% leased to long term tenants. NOI $114K/yr. $1.49M. 8% cap.
10. Retail Center in Wilton Manors, FL: 27,581 SF well maintained retail center on over 1 ac lot in high income Fort Lauderdale area. 89% leased. NOI $357K/yr. $4.85M. 7.37% cap.

            (c) Transmercial 2014

05-30: MOB, CVS, Mixed-Use, Neighborhood Centers

1. MOB in Decatur, GA: 9000 SF newly constructed medical office building on over 1 ac lot in growing & high income Atlanta suburbs. Close to North Dekalb Mall and Hwy-78. 90% leased. $1.85M. NOI/Cap N/A.
2. Strip Center in West Chicago, IL: 9862 SF strip center built in 2007 at a signalized intersection outparcel to Menards Grocery in a high income area. 100% NNN leased to Starbucks Coffee, Verizon, Sport Clips, Domino’s, Jimmy John’s, State Farm and Sprint. NOI $249K/yr. $3.569M. 7% cap.
3. MOB in Lubbock, TX: 50,000 SF Class-A multi-tenant medical office building completed in 2003 on over 3 ac lot. Adjacent to Lubbock Heart Hospital and next to Hwy-289. 93% leased. NOI $650K/yr. $8.65M. 7.50% cap.
4. Senior Housing in Pasadena, CA: 18-bed well-maintained assisted living facility in upper middle class Los Angeles County with an AHI of $96K/yr in 3 miles. Actual NOI $234K/yr. $1.988M. 11.78% cap.
5. CVS in Westland, MI: 10,855 SF drive-thru pharmacy on .76 ac corner lot at a signalized intersection in Detroit suburbs. Close to Westland Center. 20-yrs NNN- lease with 9-yrs left. NOI $249K/yr with 3.3% rent increases every 5-yrs. $3.566M. 7% cap.
6. Neighborhood Center in Chino, CA: 64,082 SF shopping center built in 1991 on 6 ac lot at a busy retail corridor in upper middle-class San Bernardino County. Close to Hwy-60. 94% leased. NOI $790K/yr. $11.8M. 6.70% cap.
7. Mixed-Use Center in Miami, FL: 10,275 SF well maintained office/retail center close to University Miami Hospital and Hwy-836. 100% NNN leased. NOI $125K/yr. $1.795M. 7% cap.   

            (c) Transmercial 2014

05-29: Carl's Jr., MOB, Shopping Centers, Retail Buildings

1. Retail Center in Colorado Springs, CO: 11,814 SF attractive retail center built in 2007 outparcel to Super Target. Across from Lowe’s and near Memorial Hospital. Great demographics: 374% pop growth since 2000 and affluent area with an AHI of $152K/yr in 1 mile. 100% NNN leased. NOI $232K/yr. $3.317M. 7% cap.
2. Retail Center in Ontario, CA: 15,950 SF retail center completed in 2003 in middle-class area in San Bernardino County. Close to Hwy-60. 100% leased to eight tenants. NOI $216K/yr. $3.5M. 6.19% cap.
3. Carl’s Jr. in Folsom, CA: 3078 SF drive-thru fast food restaurant outparcel to Target in growing and high income Sacramento suburbs. At a major retail artery and adjacent to Lowe’s, Raley’s, Walmart, Kohl’s and more. New 10-yrs NNN lease to experienced operator with 6 units. NOI $88K/yr with 10% rent increases every 5-yrs. $1.6M. 5.5% cap.
4. Shopping Center in Dacula, GA: 24,140 SF shopping center built in 2011 on 6.39 ac lot shadow-anchored by a new 92,000+ SF Kroger grocery in growing and upper middle-class Atlanta metro. National Tenants include: AT&T, Massage Envy, H&R Block, GNC, The Joint, Supercuts & Menchie' s Frozen Yogurt. 91% leased. Actual NOI $491K/yr. $6.55M. 7.50% cap.
5. Retail Center in Riverside, CA: 15,700 SF well maintained retail center on 1.71 ac lot at a signalized location. Close to Univ. of CA in Riverside and I-215. Actual NOI $187K/yr. $2.5M. 7.50% cap.
6. Retail Building in Oakland, CA: 10,096 SF 2-story retail/office center built in 2010 at a hard corner location. With easy access to I-880. 100% NNN leased. NOI $123K/yr. $1.3M. 9.50% cap.
7. MOB in Plano, TX: 9566 SF Class-B multi-tenant medical office building on .81 ac lot in Dallas suburbs. Adjacent to Medical Center of Plano. 77% leased. Current NOI $119K/yr. $1.75M. 6.81% cap. Upside potential when fully released.
8. Shopping Center in Las Vegas, NV: 73,455 SF shopping center built in 2001 on 6.42 ac lot along main corridor in upper middle class area. 75% NNN leased to  Denny' s, Opportunity Village, Money Tree Inc. and Regis Corporation. Actual NOI $620K/yr. $8.85M. 7.02% cap.
9. Retail Center in Sewell, NJ: 17,500 SF L-shaped retail center built in 2008 at a corner location in affluent Philadelphia MSA with an AHI of $116K/yr in 1 mile. Close to Power Center with Walmart, Ross Dress For Less and Marshalls. NNN leased. NOI $147K/yr. $1.8M. 8.20% cap.
10. Shopping Center in Irving, TX: 22,200 SF well maintained shopping center on over 2 ac lot in growing Fort Worth/Dallas suburbs. 84% NNN leased with only one vacant unit. NOI $162K/yr. $2.2M. 7.38% cap.

            (c) Transmercial 2014

05-28: Rite Aid, LA Fitness Center, Apartments, MOB, Sweet Tomatoes

1. Retail Center in Houston, TX: 7430 SF retail center built in 2006 on .57 ac lot along main corridor in growing and upper middle class area with an AHI of $81K/yr in 1 mile. 100% leased. NOI $94K/yr. $1.1M. 8.60% cap.
2. Rite Aid in Kennesaw, GA: 10,908 SF drive-thru Rite Aid Pharmacy on 2.61 ac corner lot with good egress/ingress in fast growing & high income (AHI $109K/yr) Atlanta metro. 100% NNN lease with over 10-yrs left. NOI $300K/yr. $4.297M. 7% cap.
3. Neighborhood Center in Oregon City, OR: 35,305 SF attractive retail center built in 2007 at a corner location in growing Portland suburbs. National credit tenants include: FedEx, Five Guys Burgers and Fries, Starbucks, Sport Clips, Panda Express, West Coast Bank and AT&T. 93% NNN leased with only two vacancies. NOI $875K/yr. $12.5M. 7% cap.
4. LA Fitness in Goodyear, AZ: 45,000 SF Fitness Center completed in 2010 at a hard corner location in booming (1,676% pop growth since 2000) and high income (AHI $100K/yr) Phoenix metro. 15-yrs NNN lease with 11-yrs left. NOI $903K/yr. $12.2M. 7.40% cap.
5. Apartments in Fresno, CA: 16-units recently renovated apartment complex between CA State University, Fresno and Fashion Fair Mall. Close to Hwy-41. 100% occupied. NOI $65K/yr. $975K. 7.08% cap.
6. Retail Center in Magnolia, TX: 16,600 SF retail center on 1.84 ac lot in growing and affluent Houston MSA with an AHI of $151K/yr in 1 mile. Across from Super Target. 100% NNN leased. 8.83% cap. Price/NOI N/A.
7. New Horizons Day Care in Edmond, OK: 14,369 SF day care facility built in 1995 on 2.69 ac lot along main artery in high income (AHI $102K/yr) Oklahoma City suburbs 100% absolute NNN lease with 8-yrs left to strong operator with 200 units. NOI $165K/yr with annual CPI rent bumps. $2.2M. 7.50% cap.
8. MOB in Ontario, CA: 15,950 SF Class-A multi-tenant medical office building completed in 2004 anchored by DaVita in San Bernardino County. 100% leased. NOI $231K/yr. $3.7M. 6.25% cap.
9. Retail Center in Winston Salem, NC: 12,999 SF attractive retail center at a busy corner location outparcel to Walmart Supercenter. Across from Lowe’s Hardware. 100% NNN to 9-tenants. NOI $189K/yr. $2.7M. 7% cap.
10. Sweet Tomatoes in Albuquerque, NM: 7512 SF well maintained buffet restaurant completed in 1996 on 1.59 ac lot along major retail artery. 100% absolute NNN corp lease with 10-yrs left. NOI $172K/yr with 1.25% annual rent increases. $2.76M. 6.25% cap.

            (c) Transmercial 2014

05-27: Shopping centers, Office building

1. Shopping Center in Katy, TX: 21,230 SF shopping center built in 2003 in growing and high income Houston metro with an AHI of $173K/yr in 1 mile. Close to Hwy-99. 85% leased. NOI $360K/yr. $4.5M. 8% cap.
2. Strip Center in Jonesboro, GA: 10,000 SF strip center on nearly 4 ac lot in Atlanta suburbs. Next to I-75. 100% leased to local tenants. NOI $76% cap. $850K. 9% cap.
3. Retail Plaza in Van Nuys, CA: 39,712 SF two-stories retail plaza on nearly 2 ac lot in area with over 700K residents within 5 miles. Close to Valley Presbyterian Hospital. 88% leased. NOI $755K/yr. $12M. 6.30% cap.
4. Office Building Santa Rosa, CA: 39,991 SF Class-A multi-tenant office building at signalized corner location in upper middle-class North of San Francisco. Tenants include: County of Sonoma, Sonoma County Transportation Authority, LTK Engineering Services, Manpower, Subway and others. 93% NNN leased. NOI $647K/yr. $9.5M. 6.81% cap.
5. Retail Center in Apex, NC: 7331 SF attractive retail center on 1.30 ac lot in fast growing and high income Raleigh suburbs. Across from Wakemed Apex Healthplex. 100% NNN leased to Verizon Wireless and Yong-In Martial Arts. NOI $210K/yr. $2.342M. 9% cap.
6. Neighborhood Center in San Antonio, TX: 163,410 SF well maintained shopping center on over 15 ac lot anchored by 32,603 SF Big Lots and 48,945 SF Gold’s GYM. On an off/on ramp of I-37. 94% leased. NOI $1.338M/yr. Price/Cap N/A.

           

            (c) Transmercial 2014

05-23: MOB, Fast Auto Loans, Retail Centers

Closed Transactions. Transmercial recently closed these transactions:

• $1.87M office building in Redwood City, CA.
• 74,091 SF Burlington Coat Factory in Richardson, TX.
• $3M Refi loan in Chandler, AZ.
• $2M medical office building in Lancaster, TX

1. Retail Center in Pasadena, TX: 13,401 SF well maintained retail center on nearly 1 ac lot at main corridor in Houston suburbs. 100% leased with good tenant mix such as: EZ Money Loan Services, Q Nails, Texas Donuts, Bizarre Bazaar, Spencer Washateria, Rose & Lien Hair Salon, My Liquor and a Credeur's Cajun Kitchen.8% cap. NOI/Cap N/A.
2. Retail Center in Gilbert, AZ: 24,128 SF retail center built in 2002 on 2.94 ac lot in growing and high income Phoenix suburbs with an AHI of $101K/yr in 1 mile. 94% leased. NOI $364K/yr. $5.23M. 7.25% cap.
3. MOB in Albuquerque, NM: 10,025 SF Class-B medical office building across from Presbyterian Hospital and next to I-25. 100% leased to two medical tenants. NOI $124K/yr. $1.495M. 8.32% cap.
4. Fast Auto Loans in Fresno, CA: 2020 SF single tenant retail building on .51 ac lot at a signalized location. New 7-yrs NNN- lease to strong tenant with over 850 stores. NOI $64K/yr with 2% annual rent bumps. $925K. 7% cap.
5. MOB in Huber Heights, OH: 6173 SF Class-B medical office building completed in 2002 on .43 ac lot in Dayton suburbs. Near Walmart Supercenter I-70. 100% NNN leased. NOI $78K/yr. $900K. 8.76% cap.

            (C) Transmercial 2014

05-22: Benson Tire & Auto Service, TitleMax, DaVita Dialysis, Retail 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. Benson Tire & Auto Service in Oakland, CA: 5000 SF well maintained  franchised auto center at a corner location East of San Francisco. 100% NNN lease with 4+ yrs left. NOI $77K/yr. $1.235M. 6.25% cap.
2. Shopping Center in Arlington, TX: 76,984 SF attractive shopping center on 5.84 ac lot anchored by dd’s Discounts at a major artery. Near Cowboys Stadium, Six Flags Hurricane, Hospital and I-30. 98% leased. NOI $787K/yr. $10.5M. 7.50% cap.
3. Retail Center in Houston, TX: 25,216 SF fourteen units retail center on 1.41 ac lot in growing an upper middle-class area. 94% leased with only 1 vacant unit. NOI $191K/yr. $2.39M. 8% cap.
4. Retail Center in Dinuba, CA: 10,781 SF retail center built in 2008 on 1.27 ac pad site at the entrance to a Walmart Supercenter in San Joaquin Valley. 100% NNN leased to national tenants. NOI $303K/yr. $4.75M. 6.40% cap.
5. 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 with 1000+ locations. NOI $61K/yr. $762K. 8.10% cap.
6. Neighborhood Center in Salt Lake City, UT: 129,542 SF neighborhood center built in 2009 on 10 ac lot. Between Costco and Home Depot. All units face I-80/15. NOI $822K/yr. $9.143M. 9% cap.
7. DaVita in Oregon, OH: 8400 SF dialysis center on 2.31 ac lot in Toledo suburbs. Close to Mercy St. Charles Hospital and I-280. 10-yrs NNN lease with 9-yrs left. NOI $145K/yr with 2% annual rent increases. $1.998K. 7.26% cap.

            (c) Transmercial 2014

05-21: NextCare Urgent Care, Burger King, Strip Center, MOB, Neighborhood Center

1. Retail Building in Hanford, CA: 5190 SF attractive retail building completed in 1997 outparcel to 99 Cents Only and OSH center. 100% NNN leased to Advance America, Baja Fresh and Pizza Hut. NOI $76K/yr. $1.095M. 7% cap.
2. Neighborhood Center in Lincoln, NE: 120,132 SF shopping center anchored by Hy-Bee Mainstreet Grocery, Salvation Army and Family Dollar. 94% leased. NOI $701K/yr. $8.5M. 8.25% cap.
3. NextCare Urgent Care in Moore, OK: 3637 SF Class-A newly constructed single tenant medical office building on .86 ac lot in Oklahoma City metro. Close to Moore Medical Center and I-35. 10-yrs absolute NNN corp lease. NOI $103K/yr with annual CPI rent bumps. $1.563M. 6.6% cap.
4. MOB in Jacksonville, FL: 9895 SF Class-B multi-tenant medical office building completed in 1997 on over 1 ac lot adjacent to Mayo Clinic-Jacksonville. 100% lased. NOI $96K/yr. $1M. 9.70% cap.
5. Burger King in Palatine, IL: 2250 SF drive-thru fast food restaurant on .69 ac lot in Chicago suburbs. Across from Arlington Park Race Track and near Hwy-53. 20 yrs absolute NNN lease with 3 yrs left. NOI $76K/yr. $960K. 8% cap.
6. Burger King in Westchester, IL: 2841 SF Burger King on 1 ac lot outparcel to Goodwill shopping center in Chicago suburbs. 20-yrs absolute NNN lease with 3+ yrs left. NOI $72K/yr. $906K. 8% cap.
7. Retail Center in Richland, WA: 13,805 SF attractive retail center at a signalized intersection in growing and high income area. Close to Columbia Center Mall. 90% leased. NOI $199K/yr. $2.85M. 7.01% cap.
8. Retail Plaza in Hauppauge, NY: 38,031 SF well maintained retail plaza on 3.80 ac lot in high income New York suburbs with an AHI of $115K/yr in 1 mile. NOI $622K/yr. $8.3M. 7.50% cap.
9. Retail Center in Bowling Green, KY: 12,575 SF retail center built in 2010 on 1 ac lot in a growing city. Tenants include:  Wild Eggs Restaurant, Rent-a-Center, U.S. Nails, and State Farm Insurance. 100% NNN leased. NOI $198K/yr. $2.65M. 7.50% cap.
10. Strip Center in Crest Hill, IL: 9900 SF six-units strip center built in 2007 on 1 ac lot in fast growing Chicago suburbs. 100% leased. NOI $123K/yr. $1.45M. 8.50% cap.

            (c) Transmercial 2014

05-20: EZPawn, Strip center, Apartments, Condos, 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. EZPawn in Chicago, IL: 5600 SF new EZ Pawn shop on .42 AC lot in densely populated area.  Across the Street from Save-A-Lot Grocery & Adjacent to Advance Auto.  New 10 yrs NNN corp lease to a tenant with 471 locations in the 19 states & Mexico.  NOI $140K/yr. $1.931M. 7.25% cap.
2. Strip Center in Fairbanks, AK : 5627 SF strip center built in 2011 on .91 ac outparcel to Sportsman’s Warehouse, Old Navy and Petco. Adjacent to Lowe’s, Walmart, Home Depot and Bentley Mall. 100% NN leased to AT&T, College Town Creamery and Great Alaska Pizza Co. NOI $184K/yr. $2.1M. 8.76% cap. 
3. Apartments in Sacramento, CA: 88-ubit apartments on 2.89 ac lot consisting of 76 1BR-1BA units.  amenities include swimming pool, ac, high-speed Internet, balconies.  Proforma NOI $382K/yr. $4.65M. 7.42% cap.
4. Shopping Center in Omaha, NE: 20,504 SF retail center built in 1994 and re modeled in 2004 at the intersection of 2 major arteries in affluent area with AHI of $128K/yr. 94% NNN leased.  NOI $318K/yr. $3.975M. 8% cap.
5. Office Building in Sacramento, CA: 30,000 SF office building on 2.41 ac lot built in 1994 for AT&T with 180 foot telecommunication tower.  Tenant has been here for 20 yrs and has just renewed 5 yrs lease.  NOI $432K/yr. with 2% annual rent bumps.  $6.5M.  6.65% cap.
6. Towncenter in Louisville, KY: beautiful 89,714 SF 2-story brick retail/office towncenter on 4.76 ac corner lot in wealthy & fast growth town (AHI 28K/yr).  Offered at 8% cap.
7. Multifamily in Hampton, VA: 21 well-kept condominiums multifamily complex with easy access to I-64.  93% occupied.  NOI $89K/yr. $1M. 8.93% cap.

            (c) Transmercial 2014

05-19: Kohl's, Pick 'n Save, Apartments, Shoney's, Office Buildings

• 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. Kohl’s in Sherwood, OR: 58,093 SF recently renovated free standing single tenant building on over 4 ac lot at signalized corner location and along Hwy-99 in Portland metro. 21-yrs absolute NNN corp lease with 19+ yrs left. NOI $429K/yr with a rent bump in year 11. $7.595M. 5.65% cap. NOTE: flyer not included, full brochure upon request.
2. Strip Center in Little Elm, TX: 8895 SF strip center built in 2006 outparcel to Lowes in fast growing and affluent Dallas suburbs. Across from Walmart and Hobby Lobby centers. Tenants include:  In Touch Credit Union with three drive-thru lanes, AT&T Store, Tutti Frutti Yogurt, Bakers Dozen Donuts and Kiran Arora, DDS. 100% NNN leased. NOI $242K/yr. $3.24M. 7.50% cap.
3. Pick ‘n Save in Pewaukee, WI: 55,440 SF Pick ‘n Save grocery store built in 1999 on 6.22 ac lot in high income Milwaukee suburbs with an AHI of $93K/yr. Between Menards and Walmart. Recently extended 10-yrs NNN- lease. NOI $713K/yr. $10.109M. 7% cap.
4. Shopping Center in Santa Clarita, CA: 42,134 SF shopping center built in 2005 on over 4½ ac lot at a signalized location in high income (AHI $120K/yr) Southern California. Anchored by 16,784 SF free standing CVS Pharmacy. 86% NNN leased. $14.07M. 6% cap.
5. Shopping Center in Pasadena, TX: 19,328 SF well maintained shopping center on 1.82 ac lot along major artery in Houston suburbs. Close to Bayshore Medical Center. 100% NNN leased. NOI $180K/yr. $2.2M. 8.80% cap.
6. Apartments in Sacramento, CA: 16-units well kept multifamily building on .42 ac lot. Across school, close to shopping centers and I-80. NOI $91K/yr. $995K. 9.20% cap.
7. Shopping Center in Las Vegas, NV: 40,000 SF shopping center on over 3 ac lot anchored by 32,200 SF high-rating 24-Hour Fitness. Other tenants include: Watermill Express,  and 3 cell towers for Sprint, T-Mobile and Cingular Wireless. Close to I-515. 100% leased. NOI $553K/yr. $6.1M. 9.08% cap.
8. Shoney’s in Greensboro, NC: 5,798 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.
9. Retail Center in Superior, CO: 17,505 SF well maintained retail center at a hard corner location in Denver suburbs. Shadow-anchored by Safeway grocery. 90% leased with solid mix of national & regional tenants. $3.8M. NOI/Cap N/A.
10. Office Buildings in Worthington, OH: 89,187 SF consisting of two Class-B office buildings along main thoroughfare in high income (AHI $108K/yr) Columbus metro. Close to Worthington Square Mall and I-270 exit. 95% leased by 46 tenants. 96% occupied.  NOI $417K/yr. $4.5M. 9.27% cap.

            (c) Transmercial 2014