Friday, August 29, 2014

08-15: Tilted Kilt, Business Park, Daycare, Starbucks Coffee

  1. Tilted Kilt in Florence, KY: 8257 SF recently remodeled sport pub and restaurant on 1.84 ac lot at a major retail corridor in Cincinnati suburbs. Across from St. Elizabeth Florence Hospital and close to Florence Mall and I-71/75. New 15-yrs NNN lease to an experienced franchisee. NOI $347K/yr with 10% rent bumps every 5-yrs. $4.634M. 7.50% cap.
  2.  Strip Center in Moore, OK: 7200 SF attractive strip center built in 2001 in Oklahoma City suburbs. 100% NNN leased. NOI $76K/yr. $799K. 9.60% cap.
  3. Shopping Center in Glendale, CA: 14,562 SF beautiful shopping center constructed in 2006 on over 1 ac lot along major corridor in affluent (AHI $102K/yr) Los Angeles suburbs. 100% leased to long term tenants. NOI $576K/yr. $10.9M. 5.30% cap.
  4. Business Park in Birmingham, AL: 34,664 SF Class-B multi-tenant office building constructed in 1999 in a high income area with an AHI of $101K/yr in 3 miles. Adjacent to Power Center with Dick’s, Home Goods, Big Lots, Lowes and Walmart. Near Trinity Medical Center Hospital. 93% leased. NOI $394K/yr. $4.9M. 8% cap.
  5. Shopping Center in Newport News, VA: 21,240 SF attractive shopping center built in 2006 on 2.27 ac lot in growing middle-class Norfolk suburbs. Close to I-64. 100% NNN leased. NOI $258K/yr. $3.235M. 8% cap.
  6. Strip Center in Buford, GA: well maintained strip center in fast growing and upper middle-class Atlanta metro. $1.35M. NOI/Cap N/A.
  7. Daycare in Dublin, OH: 7693 SF recently relocated highly-rated-on-Yelp daycare center in growing and high income (AHI $105K/yr) Columbus suburbs.  Close to Mall at Tuttle Crossing, Dublin Methodist Hospital, I-270 and Hwy-161. 7-yrs NNN lease. NOI $96K/yr with 4% annual rent increases. $1.2M. 8% cap.
  8. Shopping Center in Saint Joseph, MO: 37,600 SF twelve units shopping center shadow anchored by recently expanded Hy-Vee Supermarket. Close to East Hills Mall and I-29. 97% NNN leased. NOI $368K/yr. $4.755M. 7.75% cap.
  9. Starbucks Coffee in Lakewood, CO: brand new 1920 SF drive-thru Starbucks Coffee on .45 ac lot along major retail corridor in Denver suburbs. Close to St. Anthony Hospital. 10-yrs NNN- lease. NOI $88K/yr. $1.613M. 5.50% cap.

(c) Transmercial 2014

08-14: Rite Aid, Pollo Regio, MOB, Office Building, Shopping Centers


  1. Rite Aid in Lansing, MI: 11,680 SF well maintained Rite Aid Pharmacy on .66 ac lot across from Sparrow St. Lawrence Hospital. 100% NNN- corp lease with over 2-yrs left. NOI $172K/yr. $2.152M. 8% cap.
  2. Strip Center in Irving, TX: 6400 SF recently remodeled strip center at a major retail corridor in fast growing Fort Worth/Dallas suburbs. Across from Irving Mall with 123 stores and near Hwy-183 exit. 100% NNN leased to Sprint, Papa Murphy’s and Vapenvapor. NOI $140K/yr. $2M. 7% cap.
  3. Office Building in Omaha, NE: 44,959 SF well kept office building on 2.65 ac lot at a signalized intersection in upper middle-class area. Along busy retail corridor and near Oak View Mall. 80% leased. Pro forma NOI $460K/yr. $5.175M. 8.90% pro forma cap.
  4. Pollo Regio in McKinney, TX: 2628 SF drive-thru restaurant constructed in 1996 on .79 ac lot along Hwy-75 in Dallas suburbs. 15-yrs absolute NNN lease to strong regional tenant with over 14-yrs left. NOI $96K/yr with a 10% rent bump in yrs-6 & 11. $1.6M. 6% cap.
  5. Strip Center in Camarillo, CA: 12,154 SF attractive strip center on 1.20 ac corner lot in growing & high income (AHI $102K/yr) Southern CA City. 100% leased with good tenant mix. NOI $151K/yr. 2.6M. 5.80% cap.
  6. Strip Center in Houston, TX: 9840 SF attractive strip center at a hard corner location in a fast growing and upper middle-class area. NOI $94K/yr. $898K. 10.50% cap.
  7. MOB in Berwyn, IL: 5990 SF medical office building in Chicago suburbs. Across from 427-bed MacNeal Hospital. 100% NNN lease with 7-yrs left to Vanguard Health Systems. NOI $79K/yr. $1.115M. 7.15% cap.
  8. Shopping Center in Village of Palm Springs, FL: 44,600 SF attractive shopping center completed in 2005 North of Fort Lauderdale. 100% leased. NOI $562K/yr. $7.499M. 7.50% cap.
  9. Retail Center in Pittsburg, CA: 15,052 SF attractive retail center on .74 ac lot in a stable city East of San Francisco. Close to Hwy-4. 100% NNN leased. NOI $229K/yr. $3.4M. 6.76% cap.

            (c) Transmercial 2014

Wednesday, August 27, 2014

08-13: 99 Cents Only, Friendly's, DaVita, Apartments, Shopping Centers


  1. 99 Cents Only in Sacramento, CA: 23,200 SF 99 Cents Only Store on 1.71 ac lot at a signalized intersection. Close to Arden Fair Mall, with over 165 stores and I-80. 100% NNN corp lease with over 5-yrs left. NOI $217K/yr. $3.35M. 6.50% cap.
  2. Apartments in Phoenix, AZ: 36-units well maintained apartment complex. Across from Grand Canyon University. Close to Christown Spectrum Mall, Phoenix Baptist Hospital and I-17. Pro forma NOI $113K/yr. $1.358M. 8.37% cap.
  3. Friendly’s Restaurant in Massapequa, NY: 2504 SF free-standing restaurant on .55 ac lot at a signalized intersection in high income New York suburbs with an AHI of $114K/yr in 1 mile. 100% NNN lease with 10+ yrs left. NOI $126K/yr. $1.95M. 6.50% cap.
  4. Office Building in Yakima, WA: 6787 SF Class-A multi-tenant office building in a fast growing middle-class area. 100% NNN leased to two tenants. NOI $89K/yr. $1.118M. 8% cap.
  5. Office Building in Monrovia, CA: 47,976 SF Class-B office building in high income (AHI $90K/yr in 3 miles) Los Angeles suburbs. 100% leased to multiple credit tenants. NOI $1.108M/yr. $11.5M. 9.64% cap.
  6. Office Building in Reno, NV: 40,759 SF Class-A multi-tenant office building on 2.62 ac lot. Close to Renown South Meadows Medical Center and I-580. 100% leased. NOI $373K/yr. $4.5M. 8.30% cap.
  7. Retail Center in Dayton, OH: 20,940 SF in-line retail center built in 2007 on 7½ ac lot.  Shadow-anchored by Kroger Grocery. 85% NNN leased to Aaron’s Rents, Ross Medical Education and Flexible Staffing. Actual NOI $146K/yr. $1.935M. 8.71% cap. Upside potential when fully leased.
  8. Neighborhood Center in Lake Worth, FL: 79,000 SF well maintained shopping center on 11.84 ac lot along major retail artery. NOI $892K/yr. $9.5M. 9.40% cap.
  9. DaVita in Creve Coeur, MO: 9280 SF dialysis center on nearly 1 ac lot in growing and affluent St. Louis suburbs with an AHI of $145K/yr in 1 mile. Close to Mercy Hospital, Missouri Baptist Hospital and Barnes Jewish W. County Hospital. Tenant has been at this location since 1999. 100% NNN- corp lease with 5-yrs left. NOI $160K/yr. $2.5M. 6.41% cap.
  10. Retail Center in Indianapolis, IN: 15,000 SF well maintained retail center on 1.74 ac lot. With easy access to I-465/I-74. 100% NNN leased. NOI $125K/yr. $1.1M. 11.40% cap.

            (c) Transmercial 2014

Tuesday, August 26, 2014

08-12: Starbucks Coffee, MOB, Advance Auto Parts, Family Dollar, Office Buildings


  1. Starbucks in Oakley, CA: 617 SF brand new Starbucks Coffee at a 4-way signalized intersection in Contra Costa County. On an off ramp of Hwy-160. 10-yrs NNN ground lease (land is for sale). NOI $72K/yr with 10% rent bump in yr-6. $1.44M. 5% cap.
  2. Office Building in Independence, OH: 29,500 SF Class-B office building in high income Cleveland suburbs. Easy access to I-77. 96% leased to multiple tenants. NOI $252K/yr. $2.6M. 9% cap.
  3. Office Building in Carmichael, CA: 10,850 SF well maintained office building on nearly 1 ac lot in growing and middle-class Sacramento suburbs. 70% leased. NOI $47K/yr. $850K. 5.60% cap.  Price below construction costs.!
  4. Office Building in Concord, CA: 30,250 SF Class-B office building in Contra Costa County. Close to Sunvalley Mall and I-680. 100% leased. $5.9M. 6.54% cap.
  5. MOB in Auburn, WA: 14,979 SF well maintained medical office building in growing and middle-class Seattle suburbs. NOI $229K/yr. $3.2M. 7.16% cap.
  6. Strip Center in Lubbock, TX: 9450 SF strip center built in 1999 on 1.70 ac outparcel to Walmart Supercenter. Near Hwy-289. 100% NNN leased. NOI $146K/yr. $1.955M. 7.50% cap.
  7. AAP in Forked River, NJ: 7000 SF Advance Auto Parts built in 2002 on 2.56 ac lot at main retail corridor. Close to Home Depot, Kohl’s and TJ Maxx Shopping centers. 100% NNN- corp lease with over 7-yrs left. NOI $104K/yr. $1.486M. 7% cap.
  8. Family Dollar in Wichita, KS: 8359 SF under construction retail building on .87 ac lot at a busy corridor. Close to Wichita State University and Galichia Heart Hospital. 10-yrs NNN- lease. NOI $95K/yr. $1.335M. 7.15% cap.
  9. Starbucks in Haltom City, TX: 1750 SF Starbucks Coffee constructed in 2008 along Hwy-377 in Fort Worth suburbs. 10-yrs NNN- lease with 4-yrs left. NOI $94K/yr. $1.455M. 6.50% cap.
  10. Office Building in Joliet, IL: 15,928 attractive office building on over 1 ac lot in growing and upper middle-class Chicago suburbs. Near Louis Joliet Mall and I-55. NOI $159K/yr. $1.59M. 10% cap. 

            (c) Transmercial 2014

Monday, August 25, 2014

08-11: Burger King, Family Dollar, MOB, Retail Centers, Office Buildings

  1. Retail Center in Temecula, CA: 15,879 SF eye-catching retail center built in 2004 on 1.65 ac lot along major retail artery in high income (AHI $97K/yr) Riverside County. Adjacent to Sports Authority, Walmart, Marshalls, Kohl’s and Home Depot. Close to Temecula Valley Hospital. 83% NNN leased. Actual NOI $178K/yr. $3.245M. 5.42% cap. Upside potential.
  2. Strip Center in Johns Creek, GA: 16,340 SF attractive strip center on 1.87 ac lot in growing and affluent Atlanta suburbs with an AHI of $104K/yr in 1 mile. Shadow anchored by Home Depot and Target. 61% leased. $2.067M. NOI/Cap N/A.   Just $126/SF!
  3. Burger King in Chattanooga, TN: 2607 SF fast food drive-thru restaurant completed in 2008 on 1.25 ac lot in a fast growing area. Close toNorthgate Mall, Memorial Hospital Hixson and Hwy-319.  100% absolute NNN lease with 14-yrs left to a franchisee with 18-units. NOI $115K/yr with 10% rent bums every 5-yrs. $1.84M. 6.25% cap.
  4. Retail Center in Carpentersville, IL: 11,035 SF attractive retail center constructed in 2007 on 1.43 ac outparcel to Home Depot. Tenants include: Panda Express, ATI Physical Therapy, GameStop, Sports Clips, Jamba Juice and Dundee Dental. Adjacent to Spring Hill Mall. 100% NNN leased. NOI $313K/yr. $4.358M. 7.19% cap.
  5. Office Building in Oxnard, CA: 10,000 SF Class-A consisting of two office buildings on .86 ac lot along main corridor in high income Southern California.  The property has just been rebuilt after a fire. Currently received LOIs for 50% of the space by 2 medical tenants.  Pro form NOI $119K/yr. $1.499M. 7.95% pro forma cap.
  6. Shopping Center in Cape Coral, FL: 79,210 SF shopping center on 3 ac lot along major retail corridor in Fort Myers suburbs. Near Walmart Supercenter and Cape Coral Hospital. 94% NNN leased to national tenants: TJ Maxx, Planet Fitness, Aaron Rent, Party City. NOI $600K/yr. $8.585M. 7% cap. Upside potential when fully leased.
  7. Family Dollar in Columbus, OH: 8108 SF recently renovated Family Dollar on .85 ac lot at a main thoroughfare. Close to I-270. New 10-yrs NNN- lease. NOI $126K/yr. $1.688M. 7.50% cap.
  8. Retail Center in Sicklerville, NJ: 11,520 SF newly constructed retail center on 1.49 ac lot in high income (AHI $102K/yr) Philadelphia metro. 100% NNN leased to five tenants. NOI $283K/yr. $4.055M. 7% cap.
  9. MOB in Las Vegas, NV: 12,150 SF well maintained medical office building completed in 2006 on nearly 1 ac lot. Close to southern Hills Hospital & medical Center and Hwy-215. Only one vacant unit. Pro forma NOI $253K/yr. $2.6M. 9.74% pro forma cap.
  10. Strip Center in West Chicago, IL: 9500 SF well kept strip center on 1.26 ac lot at a busy corridor. Close to Metra-West Chicago Station. 70% NNN leased. NOI $72K/yr. $900K. 8.02% cap.


            (c) Transmercial 2014

Friday, August 22, 2014

08-08: Rite Aid, Office Buildings, Shopping 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. Rite Aid in Poughkeepsie, NY: 9492 SF Rite Aid Pharmacy built in 2000 on nearly 1 ac lot in upper middle-class New York MSA. 20-yrs NN- corp lease with 6-yrs left. NOI $287K/yr. $3.574M. 8.04% cap.
  2. Office Building in Keyport, NJ: 18,983 SF consisting of two well maintained office buildings constructed in 1990 on 1.45 ac lot in New York metro. 100% leased with mostly medical tenants. NOI $258K/yr. $3M. 8.62% cap.
  3. Shopping Center in Houston, TX: 30,330 SF attractive shopping center at a signalized intersection and along Hwy-6. Adjacent to Kroger Grocery center. 100% NNN leased. NOI $420K/yr. $5.75M. 7.31% cap.
  4. Neighborhood Center in Aurora, CO: 110,303 SF attractive shopping center on 8.63 ac lot anchored by Burlington Coat Factory in Denver suburbs. Close to Medical Center of Aurora and next to I-225. Near Town Center at Aurora with Macy’s, Sears, Dillard’s and JCPenney. 100% leased. NOI $667K/yr. $9.4M. 7.10% cap.
  5. Shopping Center in Concord, CA: 45,800 SF well kept shopping center on 3.74 ac lot anchored by TJMaxx in Contra Costa County. Shadow anchored by 99 Cents Only. 91% NNN leased. NOI $384K/yr. $6.5M. 5.92% cap.
  6. Shopping Center in Acworth, GA: 34,949 SF shopping center built in 2002 on 3.82 ac lot in upper middle-class Atlanta suburbs. Along Hwy-41. 100% leased. NOI $415K/yr. $4.995M. 8.31% cap.
  7. Shopping Center in Orange, CT: 30,708 SF well maintained shopping center on 3 ac lot at a main retail artery in New York metro. Tenants include: David’s Bridal, Verizon Wireless, Subway, H&R Block, Men’s Wearhouse and Tux, Papa John’s Pizza and Game X Change. 79% leased. 7% cap. NOI/Cap N/A.
  8. Retail Center in Melbourne, FL: 18,463 SF attractive retail center built in 2000 on 1.57 ac lot. Shadow-anchored by Walmart and near I-95. 62% leased. Pro forma NOI $193K/yr. $2.1M. 9% pro forma cap.
  9. Retail Center in Houston, TX: 18,344 SF 8-units retail center built in 207 on nearly 2 ac lot in a fast growing area. Close to I-10. 93% NNN leased with only 1 vacancy. Actual NOI $241K/yr. $2.7M. 9% cap. Upside potential.


            (c) Transmercial 2014

Thursday, August 21, 2014

08-07: DaVita, Mixed-use, Carl's Jr. Starbucks, CVS, Retail Buildings


  1. DaVita in Scottsdale, AZ: 7338 SF well maintained dialysis center on .54 ac lot in Phoenix suburbs. Across from 337-bed Scottsdale Healthcare Osborn Medical Center. Near Banner Behavioral Health Center. Tenant has been at this location since 1994. 100% NN lease with over 3-yrs left. NOI $131K/yr. $1.975M. 6.68% cap.
  2. Retail Center in Wheat Ridge, CO: 14,400 SF attractive retail center on 1.89 ac lot at a signalized intersection in growing middle-class Denver suburbs. Across from Super Target Center and near I-70. 85% NNN leased. Actual NOI $207K/yr. $3.3M. 6.29% cap.
  3. Office Building in League City, TX: 4800 SF Class-B office building in growing and high income (AHI $106K/yr) Houston suburbs. 100% leased to multiple-tenants. NOI $72K/yr. $1.03M. 7% cap.
  4. Mixed-use in Columbia, SC: 18,411 SF well kept retail & office building on over 1 ac lot. Close to Columbia Mall. 89% leased. $1.65M. NOI/Cap N/A.
  5. Carl’s Jr in San Antonio, TX: 2941 SF brand new franchised fast food restaurant on 1.65 ac lot at a hard corner location. Next to I-410. New 20-yrs NNN lease to a franchisee with 150 units. NOI $159K/yr. $2.461M. 6.50% cap.
  6. Office Building in San Leandro, CA: 5564 SF Class-B multi-tenant office building in middle-class area East of San Francisco. Close to San Leandro Hospital. 58% leased. Actual NOI $85K/yr. $949K. 9% cap.  Note: speculate NOI is pro forma.
  7. Starbucks Coffee in Houston, TX: 1758 SF Starbucks Coffee built in 2006 on .51 ac lot along major artery. Close to Lone Star College. New 8-yrs NNN- corp lease. NOI $79K/yr with 10% rent increase in 2017. $1.381M. 5.75% cap.
  8. Retail Center in Toledo, OH: 23,295 SF well maintained shopping center built in 2009 on 2 ac lot at a major retail corridor. Close to I-90/80. 99% NNN leased. NOI $213K/yr. $2.25M. 9.50% cap.
  9. Retail Center in Wausau, WI: 21,930 SF retail center on 2.78 ac lot at a signalized intersection in upper middle-class area. Across from Walmart Supercenter, T.J. Maxx and Sam’s Club. With easy access to Hwy-29. 98% NNN leased. NOI $314K/yr. $3.695M. 8.50% cap.
  10. CVS in Lebanon, TN: 13,225 SF under construction CVS Pharmacy on 1.42 ac lot at a hard corner location in Nashville suburbs. Close to University Medical Center. 25-yrs NNN corp ground lease (land is for sale). NOI $123K/yr. $2.476M. 5% cap.


            (c) Transmercial 2014

Wednesday, August 20, 2014

08-06: AutoZone, Family Dollar, Famous Sam's, Office Building, Shopping Centers

  1. Retail Center in Henderson, NV: 21,700 SF consisting of four attractive retail centers built in 2008/2013 on 2 ac lot at a hard corner location in growing and high income area with an AHI of $90K/yr. 93% NNN leased. Actual NOI $375K/yr. $5.37M. 7% cap. Upside potential.
  2. AutoZone in San Bernardino, CA: 10,500 SF AutoZone on .66 ac outparcel to Harbor Freight Tools and Mike & Judies Grocery Warehouse. Near Inland Center Mall with easy access to I-215.  100% NNN corp leased with low rent of $12/SF (this means high likelihood of lease renewal).  NOI $126K/yr. $2.027M. 6.25%cap.
  3. Retail Building in San Jose, CA: 5000 SF retail building at a signalized intersection in a high income Silicon Valley. Close to The Plant Power Center. On an off/on ramp of I-87. NNN leased. Pro forma NOI $163K/yr. Expected 5.50% pro forma cap. Price: Best Offer.
  4. Family Dollar in Las Vegas, NV: 10,000 SF well performing Family Dollar constructed in 2005 in densely populated middle-class area. 100% NNN- lease with 4-yrs left. NOI $93% cap. $1.25M. 7.50% cap.
  5. Family Dollar in Grand Prairie, TX: 8000 SF newly constructed retail building on .62 ac lot in growing Fort Worth/Dallas suburbs. On an off/on ramp of Fwy-360. 100% NNN leased with 9-yrs left. NOI $114K/yr. $1.632M. 7% cap.
  6. Famous Sam’s in Gilbert, AZ: 6780 SF restaurant built in 1998 along busy thoroughfare in high income Phoenix suburbs. 100% NNN leased with 3-yrs left. NOI $110K/yr. $1.38M. 8% cap.
  7. Retail Center in Phoenix, AZ: 15,441 SF well maintained retail center on 2 ac lot. Across from Fry’s Food Grocery center. With easy access to Hwy-101. 87% leased. Actual NOI $118K/yr. $1.575M. 7.50% cap. Upside potential.
  8. Office Building in Reno, NV: 6720 SF Class-B multi-tenant office building. Next to I-580. 100% leased to three tenants. Pro forma NOI $84K/yr. $1.1M. 7.70% cap.
  9. Strip Center in Denver, CO: 6000 SF well kept strip center in middle-class area. All units face main corridor. 100% NNN leased. NOI $82K/yr. $975K. 8.50% cap.
  10. Shopping Center in Arlington Heights, IL: 40,299 SF shopping center along main retail corridor in Chicago suburbs. 86% leased to national/local tenants. Actual NOI $380K/yr. $4.5M. 8.46% cap. Upside potential.


            (c) Transmercial 2014

Tuesday, August 19, 2014

08-05: Retail Center, Walgreen's, Dairy Queen, Mimi's Cafe, MOB, Office Park


  1. Retail Center in Glendora, CA: 22,046 SF retail center built in 2001 on over 2 ac lot in densely populated Los Angeles area. Adjacent to Home Depot and near Sam’s Club, Kohl’s, BevMo! And Barnes & Noble. Easy access to I-210. 92% NNN leased with credit, regional and local tenants. Pro forma NOI $637K/yr. $10.2M. 6.25% cap.
  2. Strip Center in Highlands Ranch, CO: 14,903 SF attractive & upscale strip center built in 2006 on 3.16 ac lot in affluent Denver suburbs with an AHI of $100K/yr in 1 mile. 61% NNN leased. Actual NOI $93K/yr. Price: $1.488M. 6.30% cap.  Upside potential when fully leased.
  3. Walgreen’s in Brunswick, OH: 12,825 SF Walgreen’s completed in 1999 on 1.85 ac lot at a signalized intersection in Cleveland metro. 20-yrs NNN- corp lease with 5-yrs left. NOI $346K/yr. $4.885M. 7.10% cap.
  4. Retail Center in Medina, OH: 15,300 SF well maintained retail center built in 2000 on over 1 ac lot in Cleveland metro. Shadow anchored by Walmart, Kohl’s, Home Depot and Hobby Lobby. 92% NNN leased with only 1 vacancy. Actual NOI $120K/yr. $1.38M. 8.71% cap. Upside potential when fully leased.
  5. Dairy Queen in West Valley City, UT: 2626 SF restaurant built in 2003 on .43 ac lot in middle class area in Salt Lake City metro. New 20 yrs absolute NNN lease.  NOI $66K/yr with 10% rent bumps every 5 yrs.  $943K. 7% cap.
  6. Office Park in Walnut Creek, CA: 53,148 SF Class-B multi-tenant office complex on 3.54 ac lot in affluent (AHI $131K/yr in 1 mile) San Francisco metro. 76% leased. Pro forma NOI $506K/yr. $6.5M. 7.76% pro forma cap.
  7. Mimi’s Café in Omaha, NE: 7170 SF French Inspired franchised Restaurant built in 2004 on over 1 ac outparcel to Village Pointe, a 602,000 SF upscale open-air shopping mall. Close to Methodist Women’s Hospital and next to Hwy-6. 20-yrs absolute NNN lease with 10-yrs left. NOI $193K/yr with 10% rent bumps every 5-yrs. $2.766M. 7% cap.
  8. MOB in Midland, TX: 17,155 SF Class-B well kept medical office building on 1 ac lot anchored by DaVita Dialysis Center in fast growing oil/gas town. NNN leased to multiple-tenants. NOI $263K/yr. $3.75M. 7.02% cap.
  9. MOB in Albuquerque, NM: 11,720 SF Class-A award winning architectural design medical office building on 1.29 ac lot. Across from Lovelace Women’s Hospital and near I-25. 100% NNN lease with 5-yrs left. Actual NOI $209K/yr with 3% annual rent increases. $2.96M. 7.07% cap.
  10. Shopping Center in Cincinnati, OH: 28,520 SF well kept shopping center in upper middle-class area. Near Walmart, Sam’s Club and Meijer grocery. 92% NNN leased. NOI $319K/yr. $3.375M. 9.46% cap. Upside potential.   

            (c) Transmercial 2014

Monday, August 18, 2014

08-04: DaVita, Professional Center, Strip Centers, Office Buildings


  1. Retail Center in Mount Arlington, NJ: 23,200 SF attractive retail center built in 2006 on over 2 ac lot in high income New York metro. With easy access to I-80. Major tenants include: Dunkin’ Donuts, Wells Fargo, Remax and Edward Jones Financial. 84% leased. Actual NOI $321K/yr. $4.6M. 7% cap. Upside potential when fully leased.
  2. DaVita in Fontana, CA: 10,525 SF well kept dialysis center on over 1 ac lot along main corridor in San Bernardino County. Close to Kaiser Permanente-Fontana and I-10.  100% NNN- corp lease with over 5-yrs left. NOI $296K/yr. $4.481M. 6.50% cap.
  3. Retail Center in North Richland Hills, TX: 22,260 SF retail center in affluent Dallas suburbs (AHI $143K/yr in 1 mile). Close to Walmart supercenter and Target.  $100% leased.  NOI $440K/yr. $5.5M. 8% cap.
  4. Retail Center in Houston, TX: 14,459 SF retail center renovated in 2011 on 1.44 ac lot with all units facing main retail artery. Adjacent to North Oaks Power Center with Hobby Lobby, Rodd Dress for Less, TJ Maxx and Anna’s Linens. Only two vacancies. Actual NOI $142K/yr. $1.912M. 7.44% cap. Upside potential.
  5. Retail Center in Baldwin Park, CA: 24,262 SF attractive retail center on over 1 ac outparcel to Home Depot in densely populated Los Angeles County. Across from Walmart Supercenter and next to I-10. 100% NNN leased to thirteen tenants. NOI $769K/yr. Price: Best Offer
  6. Professional Center in Indianapolis, IN: 14,332 SF Class-B office building completed in 1990 on 1.85 ac lot. Near Walmart Supercenter, Lowe’s and I-465/74. 100% NNN leased with good tenant mix including: Pearl MediSpa, Childhood Leukemia, State Farm Insurance and Heating Solutions Plus. NOI $145K/yr. $1.25M. 11.63% cap.
  7. Strip Center in Norco, CA: 6000 SF well maintained strip center at a signalized intersection in growing and high income Riverside County with an AHI of $92K/yr in 1-mile. 100% leased. NOI $82K/yr. $999K. 8.25% cap.
  8. Office Building in Loveland, CO: 8940 SF Class-B multi-tenant office building completed in 1999 on .89 ac lot in growing middle-class area. 100% NNN leased. NOI $90K/yr. $1.245M. 7.25% cap.
  9. Office Building in Joliet, IL: 22,898 SF  office building with high-end interior finishes in lobby and suites in growing upper middle-class  Chicago metro. With easy access to I-55. 73% leased to multiple credit tenants. Actual NOI $239K/yr. $2.85M. 8.40% actual cap. Upside potential.
  10. Office Building in Riverside, CA: 57,198 SF class-B office building remodeled in 2001 on nearly 5 ac lot. Close to Kaiser Permanente-Riverside and Hwy-91. 100% leased to The county of Riverside with its department of Public Social Services and Department of Public Health. NOI $697K/yr with 3% annual rent increases. $8.21M. 8.50% cap.


            (c) Transmercial 2014

Friday, August 15, 2014

08-01: Freddy's Frozen Custard, Tire Kingdom, Boston Market Restaurant, Strip Centers


  1. Retail Center in Mableton, GA: 11,319 SF well maintained retail center on 1.24 ac lot along major corridor in growing Atlanta suburbs. 78% leased. Actual NOI $125K/yr. $1.25M. 10% cap.
  2. Office Building in Grand Rapids, MI: 11800 SF Class-B office building on over 1 ac lot at a busy thoroughfare  in growing and middle-class area. 90% NNN leased. Pro forma NOI $76K/yr. $766K. 10% pro forma cap.
  3. Professional Building in Altamonte Springs, FL: 59,625 SF Class-B office building on 1.44 ac lot in Orlando suburbs. Close to340-bed Florida Hospital, Altamonte Mall  and with easy access to I-4. NOI $387K/yr. $5.85M. 6.63% cap.
  4. Retail Building in San Francisco, CA: 13,200 SF well kept retail center at a corner location next/visible to Hwy-101. Across from Lowe’s. 100% NNN leased to Napa Auto Parts and Cabinet Company.  NOI $87K/yr. $1.85M. 4.75% actual cap.  9.34% pro forma cap.
  5. Freddy’s Frozen Custard in San Antonio, TX: 3518 SF franchised restaurant constructed in 2008 on 1 ac lot. Adjacent to South Park Mall and I-35. Near Southwest General Hospital. 100% NNN lease with 9-yrs left. NOI $137K/yr. $1.93M. 7.12% Cap.
  6. Retail Building in Chula Vista, CA: 4038 SF attractive retail building constructed in 1995 outparcel to Petsmart. In growing and high income (AHI $97K/yr) San Diego County. Close to Home Depot, Kmart, Costco and Regal Cinemas. NNN leases. NOI $94K/yr. $1.512M. 6.25% cap.
  7. Tire Kingdom in Bradenton, FL: 5,850 SF Tire Kingdom on .65 ac lot across from Walmart supercenter. 10-yrs absolute NNN corp lease.  NOI $90K/yr. with 10% rent bumps every 5 yrs. $1.5M. 6% cap.
  8. Retail Center in Plano, TX: 10,172 SF attractive retail center along Hwy-75 in fast growing Dallas suburbs. NNN leased to multiple tenants. NOI $252K/yr. $3.605M. 7% cap.
  9. Boston Market in Albuquerque, NM: 3089 SF restaurant at a hard corner location on 1.67 ac outparcel to Sycamore Plaza, with Walmart, Smith’s Grocery and PetSmart. 100% absolute NNN lease with 13-yrs left. NOI $132K/yr with CPI annual rent bumps. $2.155M. 6.15% cap.
  10. Strip Center in Cherry Hill, NJ: 6347 SF well maintained strip center along major artery in high income (AHI of $88K/yr within 1 mile) Philadelphia metro. Close to Cherry Hill Mall. 100% leased. NOI $84K/yr. $1.3M. 6.50% cap.

            (c) Transmercial 2014

Thursday, August 14, 2014

07-31: Luce Nuovo Restaurant, Fitness Evolution, Walgreens, Retail Centers

  1. Luce Nuovo restaurant in Powell, OH: 6040 SF high quality construction highly-rated Luce Nuovo Italian/French Restaurant completed in 2005 on 1½ ac lot in affluent Columbus suburbs with an AHI of $158K/yr in 1 mile. Tenant has been at this location since 2005. Recently $200K interior renovations. 100% NN lease with 9-yrs $1.114M. 10.29% cap.
  2. Retail Center in Springfield, OH: 17,040 SF retail center built in 2006 on 2 ac lot Northeast of Dayton. Shadow-anchored by Super Walmart. 100% NNN leased to Jack’s Aquarium, Great Clips, Game Stop, Mercy Medical Associates and Shoe Show Inc. NOI $205K/yr. $2.395M. 8.57% cap.
  3. Retail Center in Brentwood, CA: 8603 SF six-units attractive retail center constructed in 2007 on .87 ac lot in fast growing and high income (AHI $118K/yr) Contra Costa County. Next to Walgreens. NNN leases. NOI $220K/yr. $3.75M. 5.89% cap.
  4. Fitness Evolution in Carmichael, CA: 44,000 SF well maintained fitness center on 4+ ac lot at a signalized corner location in high income Sacramento suburbs. 20-yrs absolute NNN lease to a proven operator with 50 units. NOI $396K/yr with 1.25% annual rent increases. $5.409M. 7.32% cap.
  5. Retail Buildings in Pensacola, FL: Restaurants park consists of Logan’s Roadhouse Restaurant, Twin Peaks Restaurant and Central Credit Union bank adjacent to Cordova Mall. Between Pensacola Regional Airport and Sacred Heart Hospital. Absolute NNN leased to credit tenants with long term leases. NOI $364K/yr with 10% rent increases every 5-yrs. $6.017M. 6.05% cap.
  6. Neighborhood Center in Eldersburg, MD: 57,585 SF shopping center on 6 ac lot in growing and high income Baltimore MSA with an AHI of $108K/yr in 3 miles. Anchored by CVS. 95% leased to national credit tenants. NOI $702K/yr. $10.042M. 7% cap.
  7. Walgreens is Fort Worth, TX: 15,120 SF Walgreen’s Pharmacy on 1.60 ac lot at a hard corner location. 100% NNN lease with 5-yrs left. NOI $296K/yr. $4.553M. 6.50% cap.
  8. Retail Center in Temperance, MI: 24,800 SF attractive retail center over 3 ac lot at a main corridor in Toledo suburbs. NOI $232K/yr. $2.095M. 11.12% cap.


            (c) Transmercial 2014

Wednesday, August 13, 2014

07-30: MOB, Apartments, Grocery Outlet, Concentra Urgent Care, DaVita


  1. Shopping Center in Mansfield, TX: 37,105 SF well maintained shopping center on 3.83 ac lot at a signalized intersection and in fast growing Fort Worth suburbs. Good Tenant mix: Dollar General, highly-rated Utopia Fitness, The Rock Church, Texas School of Phlebotamy, Extreme Cuts, Eternal Health, Top Ten Nails, Minuteman Press, ASAP Consultants and Smoking Dave’s BBQ. 80% leased. Actual NOI $228K/yr. $2.5M. 9.13% cap. Upside potential.
  2. MOB in Plano, TX: 4063 SF suite in a Class-A medical office building constructed in 2003 on over 2 ac lot adjacent to Texas Health Center for Diagnostics and Surgery. Across from 366-bed Texas Health Presbyterian Hospital Plano. 100% NNN lease with 5-yrs left to an experience MRI operator with multiple locations. NOI $86K/yr. $1.435M. 6% cap.
  3. Apartments in Los Angeles, CA: 12-units multifamily complex in densely populated area. Across from Ralphs Grocery and Rite Aid pharmacy. NOI $68K/yr. $1.15M. 5.92% cap.
  4. Grocery Outlet in Albany, OR: 22,700 SF well maintained retail building on over 3 ac outparcel to Heritage Plaza, with Safeway, Marshalls and Big Lots.  Across from Heritage Mall. Newly executed 10-yrs NNN lease to Grocery Outlet. Pro Forma NOI $192K/yr. $2.76M. 7% cap.
  5. Neighborhood Center in Tulare, CA: 119,432 SF well maintained shopping center on over 6 ac lot at a signalized intersection anchored by Rite Aid, Grocery Outlet, DMV, Dollar Tree, Aarons Rent and Fitness Evolution. NNN leases. NOI $1.078M/yr. $14.55M. 7.41% cap.
  6. Strip Center in Reseda, CA: 20,337 SF strip center on 1 ac lot in densely populated area with over 600,000 residents in 5 miles. 100% NNN leased to ten tenants. NOI $228K/yr. $3.95M. 5.80% cap.
  7. Concentra in Sterling Heights, MI: 12,480 SF Class-A build-to-suit Concentra Urgent Care on 2.80 ac lot in growing middle-class Detroit suburbs. 10-yrs NNN lease. NOI $149K/yr. $1.932M. 7.75% cap.
  8. Retail Building in Albuquerque, NM: 40,000 SF retail center on adjacent to Sam’s Club. Across from Costco and Home Depot and near I-25. 100% NNN leased to Mattress Firm, Brides by Demetrios and Office Depot. NOI $444K/yr. $5.5M. 8.08% cap.
  9. MOB in Conroe, TX: 5650 SF Class-B medical office building at a major retail artery. On an off/on ramp of I-45. 100% NNN lease with 10-yrs left to Nova Medical Center. NOI $118K/yr. $2.06M. 5.75% cap.
  10. DaVita in Oregon, OH: 8400 SF Dialysis Center built in 1994 on 2.31 ac lot in Toledo suburbs. Near Mercy St. Charles Hospital and I-280. 10-yrs absolute NNN corp lease with 9-yrs left. NOI $145K/yr with 2% annual rent increases. $1.998M. 7.26% cap.

            (c) Transmercial 2014

07-29: Wells Fargo, Tire Kingdom, Car-X, Family Dollar, Chuck E Cheese, CVS, MOB

  1. Wells Fargo in Trenton, NJ: 10,529 SF bank with drive thru on .85 ac corner lot in the capital of NJ. 20 yrs NNN lease with 10 yrs left.  NOI $81K/yr. $1.418M. 5.75% cap.
  2. Tire Kingdom in Bradenton, FL: 5850 SF Tire Kingdom auto service center on .65 ac lot across from Walmart supercenter. 10 yrs absolute NNN corp lease.  NOI $90K/yr. with 10% rent bumps every 5 yrs. $1.5M. 6% cap.
  3. Shopping Plaza in Colorado Springs, CO: 14,936 SF class-A shopping plaza in affluent area (AHI $120K/yr) with easy access to I-25.  100% NNN lease.  NOI $333K/yr. $4.63M. 7.20% CAP.
  4. Car-X in Pflugerville, TX: 5561 SF auto service center in Austin metro with AHI over $100K/yr.  20 yrs absolute corp NNN lease with 15 yrs left to Tuffy/Car-X Auto with 375 locations.  NOI $150K/yr with 9% rent bumps every 5 yrs.  $2.4M. 6.25% cap.
  5. Family Dollar Stores in Las Vegas, NV: 10,000 SF and 8000 SF busy Family Dollar stores.  100% NNN- with 6 yrs left.  NOI $186K/yr. $2.4M. 7.75% cap.
  6. Chuck E Cheese in Columbus, OH: 10,360 SF restaurant on 1.6 ac lot near Eastland Mall.  $500+K renovation in 2010.  100% absolute NNN corp lease with 4+ yrs left.  NOI $91K/yr. $1.141M. 8% cap.
  7.  See's Candies in San Jose, CA: 8103 SF retail center as part of a 120,000 SF West San Carlos shopping center in high income area.  close to the prestigious Valley Fair Mall. 100% NNN lease to See's Candies with 8 yrs left. Tenant has been here for 30 yrs.  NOI $108K/yr. $2.1M. 5.1% cap.
  8. Medical Office Building in Oak Ridge North, TX: 29,924 SF class-A medical office building/surgery center built in 2004 on 4 ac lot in high income Houston suburbs with I-45 frontage.  100% NNN lease.  NOI $675K/yr. $9M. 7.5% cap.
  9. CVS in Fort Myers, FL: 13,275 SF drug store on 1.4 ac lot at the intersection of 2 major arteries.  100% NNN lease with 8 yrs left.  NOI $357K/yr. $5.5M. 6.5% cap.
  10. Multi-family in San Pablo, CA:  2 4-plex building in San Francisco metro.  100% occupied. NOI $82K/yr. $1.04M. 7.92% cap.



            (c) Transmercial 2014

Monday, August 11, 2014

07-28: REO, FoodMaxx, Sonic Drive-In, MOB, Office Buildings


  1. REO in Stockton, CA: 46,615 SF lender-owned shopping center on nearly 5 ac lot at a signalized corner location. Shadow anchored by Save Mart Supermarket and CVS Drugstore. 80% leased. NOI $362K/yr. $4.89M. 7.41% cap. Upside potential.
  2. Professional Center in Fresno, CA: 43,531 SF Class-B office building on 3½ ac corner lot. Near Hwy-41. 43% leased. Pro forma NOI $288K/yr. $2.8M. 10.30% Pro forma cap.
  3. FoodMaxx in Sacramento, CA: 67,750 SF supermarket at a highly visible corner location. Close to Florin Mall and Hwy-99. 20-yrs lease to FoodMaxx, a regional tenant with 9-yrs left. NOI $727K/yr. $11.5M. 6.33% cap.
  4. Retail Center in Kennesaw, GA: 15,000 SF well maintained retail center on 1.55 ac lot along major retail artery in growing and upper middle-class Atlanta suburbs. Across from Publix grocery. 100% leased to eight tenants. NOI $146K/yr. $1.833M. 8% cap.
  5. Sonic in Las Vegas, NV: 1582 SF Drive-In fast food restaurant near McCarran International Airport.  Across from The Home Depot. 100% NNN lease with 5-yrs left to a successful operator. NOI $144K/yr. $1.8M. 8% cap.
  6. Office Buildings in Denver, CO: 59,650 SF Class-B consisting of three professional buildings on over 3 ac lot at a hard corner location. Adjacent to Walmart Supercenter. 94% leased. NOI $301K/yr. $3.8M. 7.93% cap.
  7. Office Building in Scotts Valley, CA: 4870 SF multi-tenant medical/office building at a signalized corner location in affluent San Jose/Santa Cruz suburbs with an AHI of $121K/yr in 1 mile.  Easy access to Hwy-17. 100% NNN leased. NOI $100K/yr. $1.68M. 6% cap.
  8. MOB in Memphis, TN: 26,321 SF distressed Class-B medical office building on 2.42 ac lot in growing middle-class area. Close to Hwy-385. 77% leased to pediatrics, dentistry, obstetrics and podiatry. Actual NOI $198K/yr. $2.325M. 8.52% cap.
  9. 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. 76% NNN leased. Actual NOI $127K/yr. $1.59M. 8% cap.

            (c) Transmercial 2014

Friday, August 8, 2014

07-25: Meineke, Burlington, Arby's, Long John Silver, Mixed-use


As there are more 1031 exchanges, Transmercial hopes you find the attached revised article helpful.

  1. Shopping Center in Charlotte, NC: 69,857 SF attractive shopping center renovated in 2003 on over 11 ac lot in high income are with an AHI of $96K/yr in 1 mile. Anchored by 42,680 SF Bi-Lo’s grocery,  a regional tenant with over 200 stores.  Close to I-485. 97% leased. Price: best offer.
  2. Retail Center in Odessa, TX: 8500 SF retail center built in 2011 on 1.52 ac outparcel to a Walmart Supercenter. 100% NNN leased Cato, RadioShack and Check ‘n Go. NOI $113K/yr. $1.413M. 8% cap.
  3. Strip Center in Orlando, FL: 7500 SF attractive strip center built in 2006 on .68 ac lot at a signalized intersection. 100% NNN leased to long term tenants. NOI $131K/yr. $1.65M. 8% cap.
  4. Meineke in Cincinnati, OH: 4288 SF auto repair center constructed in 1999 on .44 ac lot at a major retail artery. Close to Kenwood Towne Center and I-71. 100% absolute NNN lease with 4-yrs left. NOI $76K/yr. $957K. 8% cap.
  5. Mixed-Use Center in Santa Ana, CA: 19,353 SF well maintained office/retail center on over 1 ac lot in densely populated Los Angeles area. Close to Hwy-55. NOI $266K/yr. $4.59M. 6% cap.
  6. Office Building in Pleasanton, CA: 10,668 SF Class-B attractive office building in affluent San Francisco/Silicon Valley’s suburbs with an AHI of $128K/yr in 3 mile radius. 100% leased to multiple tenants. $2.1M. NOI/Cap N/A.
  7. Shopping Center in Midland, TX: 24,492 SF well maintained shopping center in a growing and high income oil and gas town. 100% NNN leased. NOI $175K/yr. $2.19M. 8% cap.
  8. 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 $81K/yr).  Near South Coast Plaza, the largest mall on the West Coast and I-405.  100% NNN corp lease to BCF with 5 yrs left.  NOI $1.029M. $14.7M. 7% cap.
  9. Arby’s in Wake Forest, NC: 3702 SF Arby’s Restaurant on 1.80 ac outparcel to Walmart Supercenter in growing and high income Raleigh suburbs. Close to Hwy-1. 20-yrs absolute NNN lease. NOI $150K/yr with 5% rent bumps every 5-yrs. $2.4M. 6.25% cap.
  10. Long John Silver in Florissant, MO: 2449 SF franchised sea food restaurant on .72 ac lot between Northwest Healthcare and I-270. New 20-yrs absolute NNN lease. NOI $86K/yr with 8% rent increases every 5-yrs. $1.239M. 7% cap.


            (c) Transmercial 2014

Thursday, August 7, 2014

07-24: Community Center, Apartments, MOB, Aaron's, Tire Kingdom Auto Center


  1. Community Center in Garland, TX: 108,047 shopping center on over 10 ac lot at a signalized high traffic intersection anchored by 24,516 SF Thrift Store and Family Dollar in growing Dallas suburbs. Shadow anchored by Hiep Thai Market, an Asian grocery store. 91% NNN leased. Current NOI $705K/yr. $8.35M. 8.45% cap. Upside Potential.
  2. Shopping Center in Arlington, TX: 72,748 SF well maintained shopping center at a hard corner location anchored by 30,260 SF EntertainMart in growing Dallas/Fort Worth suburbs. Close to The Parks at Arlington Mall, a 1.5M SF mall with Dillard’s, Macy’s, Sears, Dick’s Sporting Goods, Barnes & Noble and AMC 18 Theatres. 94% NNN leased to with only two vacancies. NOI 602K/yr. $6.69M. 9% cap. Upside potential.
  3. Retail Center in Maineville, OH: 41,120 SF attractive retail center at a main intersection in high income (AHI $94K/yr) Cincinnati suburbs. Main tenants include: Clinton Memorial Hospital, H&R Block, Marco's Pizza, Concord Cleaners, among others. 97% leased. NOI $714K/yr. $8.5M. 8.40% cap.
  4. Apartments in Lewisville, TX: 16-units consisting of four well kept apartment buildings in Dallas/Fort Worth suburbs. Close to shopping centers, parks, Medical Center of Lewisville and I-35E. 100% occupied. NOI $88K/yr. $1.042M. 8.05% cap.
  5. MOB in Arlington, TX: 13,555 SF Class-B medical office buildings along main corridor on 1.26 ac lot in Dallas/Fort Worth suburbs. Near 326-bed Medical Center of Arlington. 100% leased. NOI $107K/yr. $1.341M. 8% cap.
  6. MOB in Chino, CA: 14,400 SF Class-B consisting of two multi-tenant medical office buildings remodeled in 2011 in San Bernardino County in Southern CA. Adjacent to 126-bed Chino Valley Medical Center. With easy access to Hwy-60. 100% leased. NOI $216K/yr. $2.95M. 7.34% cap.
  7. Neighborhood Center in Arlington, TX: 118,559 SF neighborhood center on 13.39 acres lot anchored by LA Fitness Center in well off Dallas metro. Next to I-20 100% leased. Pro forma NOI $1.629M/yr. $19.9M. 8.20% cap.
  8. Office Building in Manteca, CA: 9392 SF Class-B L-shaped office building on .60 ac corner lot in San Joaquin County. 100% NNN leased to four tenants: dental, financial, escrow and medical billing. NOI $105K/yr. $1.5M. 7% cap.
  9. Aaron’s in Watsonville, CA: 14,500 SF well kept 2-story retail building at a corner location of Hwy-152 in middle-class town. Newly executed 1st 5-yr option. NOI $80K/yr. from income on just 1st floor. $1.15M. 7% cap. Upside potential.
  10. Tire Kingdom in Tampa, FL: 5904 SF attractive auto center at a signalize intersection along major retail artery. 100% absolute NNN corp lease with 5-yrs left.  NOI $91K/yr. $1.31M. 7% cap.

            (c) Transmercial 2014

Wednesday, August 6, 2014

07-23: Spec's Liquor, NextCare, Denny's, Starbucks Coffee, Apartments


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. Spec’s Liquor in San Antonio, TX: 25,230 SF attractive retail building constructed in 2002 on 2.51 ac lot at a major retail artery in a fast growing and high income area with an AHI of $93K/yr in 1 mile. New 15-yrs NNN lease to Spec's Liquor, a regional tenant with 165 units. NOI $350K/yr with rent bumps every 5-yrs. $5.384M. 6.50% cap.
  2. NextCare in Burlington, NC: 3,307 SF Class-B urgent care center on .74 ac outparcel to a shopping center in high income area.  100% absolute NNN lease with 8-yrs left to Nextcare Urgent Care. NOI $82K/yr.  $1.1M. 7.52% cap.
  3. Shopping Center in Olathe, KS: 25,596 SF beautiful shopping center on 2.82 ac lot in growing Kansas City suburbs. On an outpad to Southgate Retail Center anchored by Target and Home Depot. Across from Olathe Medical Center and visible from I-35. Close to The Great Mall of the Great Plains. 100% NNN lease with excellent tenant mix. NOI $329K/yr. $4.7M. 7% cap.
  4. Apartments in Riverside, CA: 7-units well kept multifamily complex in Riverside County. Close to Riverside Community Hospital, Riverside City College and Hwy-91. 100% occupied. NOI $54K/yr. $725K. 7.50% cap.
  5. Denny’s in Buffalo, NY: 6379 SF franchised recently remodeled Denny’s restaurant on 1.20 ac lot adjacent to Buffalo Niagara International Airport. Tenant has been at this location roughly 35-yrs. New 20-yrs absolute NNN lease to strong operator with 38-units. NOI $126K/yr with 10% rent increases every 5-yrs. $2.1M. 6% cap.
  6. Office Building in Haverford, PA: 24,750 SF Class-B multi-tenant office building on 1.57 ac lot in affluent (AHI $113K/yr in 3-mile radius) Philadelphia suburbs. Close to Bryn Mawr Hospital. 100% leased. NOI $349K/yr. $4.65M. 7.52% cap.
  7. Starbucks Coffee in Overland Park, KS: 1800 SF eye-catching Starbucks Coffee constructed in 2007 on .62 ac lot along busy retail corridor in high income (AHI $94K/yr) Kansas City MSA. Near Hwy-69. 10-yrs NN corp lease with 3-yrs left. NOI $79K/yr. $1.13M. 7.01% cap.
  8. Retail Center in Houston, TX: 10,000 SF well kept retail center built in 2003 on .70 ac lot at a hard corner location. 100% leased. NOI $144K/yr. $1.8M. 8% cap.
  9. Apartments in Birmingham, MI: 10-untis apartment complex completed in 2004 in affluent (AHI $143K./yr in 1 mile)  Detroit suburbs. NOI $172K/yr. $1.725M. 10% cap.


            (c) Transmercial 2014

Tuesday, August 5, 2014

07-22: MOB,. Mimi's Cafe, Dairy Queen, Retail Centers

  1. Shopping Center in Tulare, CA: 119,432 SF well maintained shopping center on over 6 ac lot anchored by 30,026 SF Rite Aid, 20,237 SF Grocery Outlet, 13,077 SF Fitness Evolution, 5000 SF Aaron's Rent, 4286 SF DMV and 14,280 SF Dollar Tree at a signalized intersection. 91% NNN leased. NOI $1.077M/yr.  $14.55M. 7.41% cap. Upside potential when fully leased. NOTE: flyer not available, full brochure upon request.
  2. Cosmopolitan Orthodontics in Prior Lake, MN: 2924 SF Class-A single-tenant office building on .68 ac lot in growing and high income Minneapolis suburbs with an AHI of $113K/yr.  10-yrs NNN- leased to an experience operator. NOI $65K/yr with annual rent increases. $765K. 8.50% cap.
  3. MOB in Woodridge, IL: 10,135 SF medical office building completed in 1995 on .89 ac lot in high income (AHI $91K/yr in 3-miles) Chicago Metro. Close to I-355. 94% leased to multiple tenants. NOI $107K/yr. $1.375M. 7.85% cap.
  4. Mimi’s Café in Omaha, NE: 7170 SF French-inspired franchised family restaurant constructed in 2004 on over 1 ac outparcel to Village Pointe, a 602,000 SF upscale open-air shopping mall. Close to Methodist Women’s Hospital and next to Hwy-6. 20-yrs NNN lease with 10-yrs left. NOI $193K/yr with 10% rent bumps every 5-yrs. $2.766M. 7% cap.
  5. Dairy Queen in Cedar Hill, TX: 2882 SF drive-thru fast food restaurant in Dallas/Fort Worth suburbs. On an off/on ramp of Hwy-67. 100% absolute NNN lease with 14-yrs left to 2nd largest DQ franchisee in the nation. NOI $93K/yr with 10% rent increases every 5-yrs. $1.4M. 6.70% cap.
  6. Retail Center in Jacksonville, FL: 12,400 SF attractive retail center at a busy retail corridor. Between Walmart Supercenter and I-295. 100% leased to Radio Shack, E B Games, Pharmacy, 1000 Cell Phones, Designer Eyeware and Smart Clips. Price/NOI/Cap N/A.
  7. Retail Center in Las Vegas, NV: 10,987 SF retail center built in 2007 on 1.33 ac lot at a hard corner location in a high income area with an AHI of $89K/yr in 1 mile. 79% NNN leased. Actual NOI $173K/yr. $2.33M. 7.43% cap.

            (c) Transmercial 2014

Monday, August 4, 2014

07-21: MOB, All Brands Tire & Service Center, AutoZone, Shopping Centers


  1. MOB in Tallahassee, FL: 6800 SF Class-A newly constructed built-to-suit medical office building in growing and affluent area with an AHI of $131K/yr. Close to I-10 and Hwy-61. New 7-yrs NNN- lease to Pediatria Healthcare, currently operating 15 facilities providing daytime care for children with special medical needs. NOI $143K/yr with 3% annual rent increases. $1.695M. 8.44% cap.
  2. Retail Center in Las Vegas, NV: 16,349 SF attractive retail center built in 2004 on 1.45 ac lot along busy retail corridor. Close to MountainView Hospital and Hwy-95. 93% leased. Actual NOI $213K/yr. $2.925M. 7.30% cap.
  3. Three Retail Buildings in Bakersfield, CA: 13,969 SF free-standing Fresh & Easy Market, 2510 SF free-standing Jack in the Box and 7302 SF retail center on nearly 5 ac lot at a signalized intersection. 100% leased. NOI $346K/yr. $5.25M. 6.60% cap.
  4. All Brands Tire & Service Center in Victorville, Ca: 6387 SF well maintained auto center built in 1991 on .78 ac lot in growing San Bernardino County. Tenant has been at this location for over 20-yrs. 100% NNN lease with 3-yr left. NOI $73K/yr. $1.163M. 6.50% cap.
  5. Strip Center in Clermont, FL: 7758 SF attractive strip center constructed in 2006 on 1.81 ac lot along main thoroughfare in high income Orlando suburbs. Adjacent to Kmart, Hobby Lobby and Lowe’s. 81% NNN leased to Fed Ex – Kinko’s, Stone Creek Pizza, Metro PCS and Batteries + Bulbs. Pro forma NOI $118K/yr. $1.6M. 7.40% cap.
  6. Strip Center in Richland, WA: 4698 SF attractive retail center on .60 ac outparcel to Winco Foods and Dollar Tree in upper middle-class Kennewick suburbs. 100% leased. NOI $120K/yr. $1.965M. 6.11% cap.
  7. Apartments in Sacramento, CA: 23-units well kept multifamily complex. Close to schools, parks, shopping center and I-80. 96% occupied. NOI $85K/yr. $1.25M. 6.80% cap.
  8. AutoZone in Grand Rapids, MI: 6172 SF Auto Parts Store on .66 ac outparcel to Big Lots anchored center in growing and middle-class area. Near I-96. Recently executed 10-yrs NNN- lease. NOI $69K/yr. $1.115M. 6.25% cap.
  9. Shopping Center in Toledo, OH: 36,330 SF consisting of two well maintained retail centers on over 3 ac lot at a signalized intersection. All units face main corridor. $2.2M. NOI/Cap N/A. 


            (c) Transmercial 2014

Friday, August 1, 2014

07-18: MOB, Shopping centers, Autozone, PepBoy Auto. Napa Autoparts

1.       Medical Office Building in Garland, TX: 12,438 SF 2-story medical office building on 1.97 ac lot in Dallas metro.  100% leased to 6 medical/dental tenants.  NOI $97K/yr. $969K. 10% cap.
2.       Shopping Center in Brownstown Township, MI: 36,168 SF shopping center constructed in 2005 on 4.65 ac parcel in a growing & middle class Detroit suburbs.  Anchored by CVS pharmacy.  Near Ford' s Woodhaven Stamping Plant, Lowes, Home Depot, Kroger, Kohl' s & Walmart.  100% leased.  NOI $433K/yr. $5.252M. 8.25% cap.
3.       Shopping Center in Concord, CA: 45,200 SF shopping center on 3.7 ac lot in high income San Francisco suburbs (AHI $91K/yr).  Anchored by TJ Maxx and Beverly's Fabric and Craft.  Shadow anchored by 99 Cents Only. 91% leased.  NOI $385K/yr. $6.5M. 5.92% cap.
4.       Shopping Center in Roseville, CA: 22,650 SF well-maintained upscale shopping center on 3.38 ac lot in upper middle-class Sacramento metro.  Excellent visibility with 3 points of ingress/egress. 78% NNN leased to 12 tenants with 4 vacant units.  Current NOI $314K/yr. $4.495M. 7% cap.  Upside potential when fully leased.
5.       Retail Center in North Richland Hills, TX: 22,260 SF retail center built in 2008 in affluent Dallas suburbs (AHI $143K/yr in 1 mile).  Excellent visibility.  Close to Walgreens, Walmart supercenter.  $100% leased.  NOI $440K/yr. $5.5M. 8% cap.
6.       Autozone in San Bernardino, CA: 10,500 SF autoparts center on .66 ac lot near Inland Center Mall with easy access to I-215.  100% NNN- leased.  NOI $126K/yr. $2.027M. 6.25%cap.
7.       Pepboy Auto in Rochester, NY: 22,358 SF autoparts and auto service center near I-390 exit.  100% absolute NNN ground lease (land is for sale) with 13 years left.  No landlord responsibilities.  NOI $146K/yr. $2.44M. 6% cap.
8.       Napa Autoparts in Vallejo, CA: 7465 SF autoparts store in San Francisco metro on .6 ac lot. 100% NNN- leased till 2024.  NOI $117K/yr with rare 10% rent bumps every 5 yrs.  $1.957M. 6% cap.

            (c) Transmercial 2014

07-17: Medical Condos, MOB, Tire Kingdom, Shopping Centers


  1. MOB Surgery in Vero Beach, FL: 22,119 SF medical office building/surgery center built in 2000 on 2.47 acres lot across from Indian River Medical center in Port Saint Lucie.  100% NNN leased to a surgery center and 3 medical practices with up to 10 yrs years.  NOI $380K/yr.  $4.75M. 8% cap.
  2. Shopping Center in Irving, TX: 30,512 SF shopping center built in 1994 on nearly 2 ac lot at a busy intersection in Dallas/Fort Forth suburbs. Across form Irvin Mall and near Fwy-183. 100% leased. NOI $238K/yr. $3.4M. 7% cap.
  3. Shopping Center in League City, TX: 45,130 SF shopping center renovated in 1998 on 4 ac lot in growing and high income Houston suburbs with an AHI of $108K/yr in 1 mile. 98% leased. NOI $426K/yr. $5.15M. 8.28% cap.
  4. Medical Condos in Havertown, PA: 5600 SF Class-B consisting of three medical condos in densely and high income Philadelphia MSA. 100% leased. NOI $89K/yr. $995M. 9% cap.
  5. MOB in Federal Way, WA: 17,096 SF well maintained medical office building on 2.74 acres lot in Seattle metro.  100% NNN leased.  NOI $252K/yr.  $3.6M. 7% cap.
  6. Tire Kingdom in Saint Petersburg, FL: 7689 SF auto center on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 4½ yrs left. NOI $73K/yr. $1.054M. 7% cap.
  7. Retail Building in Irving, TX: 32,254 SF free-standing retail building at a hard corner location in growing and upper middle-class Dallas suburbs. 100% NNN leased to Gold’s Gym and Taj Grocers. NOI $285K/yr. $4.35M. 6.57% cap.
  8. Office Building in Phoenix, AZ: 31,557 SF Class-B multi-tenant office building on 1.37 ac lot. Close to Sky Harbor International Airport and Hwy-143. 100% leased. NOI $262K/yr. $3.2M. 8.20% cap.
  9. MOB in Chicago, IL: 6600 SF well kept medical office building at a corner location. Excellent tenant mix: dentist, chiropractor, hospice office and more. 100% NNN leased. NOI $92K/yr. $895K. 10.34% cap.
  10. Shopping Center in Rio Rancho, NM: 32,271 SF consisting of four buildings at a signalized intersection shadow anchored by Big Lots and Kmart in Albuquerque suburbs. 97% NNN leased to a mixture of national/local tenants. Across Intel Corporation. NOI $407K/yr. $5.495M. 7.42% cap.


            (c) Transmercial 2014