Friday, January 30, 2015

01-16: Breckenridge Alle House, Big Lots, Michaels, Retail Centers


  1. Breckenridge Ale House in Grand Junction, CO: 7803 SF highly rated on Yelp bar and restaurant renovated in 2009 on .69 ac lot adjacent to St. Mary’s Hospital and Regional Medical Center & Colorado Mesa University.  New 20-yrs absolute NNN lease. NOI $228K/yr with 2% annual rent increases. $3.508M. 6.50% cap.
  2. Big Lots in Bakersfield, CA: 30,312 SF Big Lots renovated in 2014 on 3.55 ac lot along main corridor with several points of access. Recently signed 10-yrs NNN- corp lease. NOI $248K/yr. $4.145M. 6% cap. NOTE: flyer not available, full brochure upon request.
  3. Neighborhood Center in Oklahoma City, OK: 104,520 SF shopping center built in 2004 on over 8 acres of land at a bury artery. Across from Oklahoma City University. Major tenant include: Westlake Hardware, Gold’s Gym, Dollar Tree and Citi Trends. 93% NNN leased. NOI $782K/yr. $10M. 7.82% cap.
  4. Mixed-Use in Phoenix, AZ: 37,840 SF well maintained office/retail center on over 5 ac lot at a high traffic intersection. Adjacent to CVS Pharmacy and across from Paradise Valley Community Collage with over 9,000 students. 84% leased. Current NOI $499K/yr. $6.452M. 7.75% current cap. Upside potential. 
  5. Shopping Center in Palm Springs, FL: 44,300 SF shopping center completely renovated in 2005/2007 on 5.37 ac lot along main corridor in a growing area. 100% leased. NOI $560K/yr. $7M. 8.01% cap.
  6. Retail Center in Plantation, FL: 35,937 SF well maintained retail center on over 3 ac lot along main thoroughfare in Fort Lauderdale suburbs. Tenants include Allstate Insurance, A-1 American Plumbing, Plantation Open MRI, All Uniform Wear and Ruby' s Academy for Home Health Occupations. NOI $246K/yr. $3.25M. 7.57% cap.
  7. Michaels in Bellingham, WA: 23,687 SF single tenant retail building completed in 2004 on 2.17 ac lot in a fast growing area. Adjacent to Cordata Center with Costco, T.J. Maxx and Best Buy. Across from Walmart, near Bellis Fair Mall and I-5. 10-yrs NNN lease with 9-yrs left. NOI $257K/yr. $3.98M. 6.46% cap.

            (c) Transmercial

Thursday, January 29, 2015

01-15: Jiffy Lube, KFC, AAP, China Star, MOB, Retail Centers


  1. Jiffy Lube in Missouri City, TX: 3735 SF Jiffy Lube built in 1993 on .48 ac lot at a major retail corridor in a fast growing and high income Houston suburbs. Across from Riverstone Shopping Center with, Home Depot, Target, PetSmart, Hobby Lobby and more. Near Walmart and Lowe’s. New 20-yrs NNN lease. NOI $150K/yr with 10% rent bumps every 5-yrs. $2.222M. 6.75% cap.
  2. KFC in Elgin, IL: 2739 SF single tenant fast food restaurant along busy thoroughfare in Chicago suburbs. 100% absolute NNN lease with 10+ yrs left      . NOI $60K/yr with 10% rent increases every 5-yrs. $1.005M. 6% cap.
  3. Shopping Center in Lauderhill, FL: 28,265 SF attractive shopping center on 2.79 ac corner lot along main artery in fort Lauderdale metro. NOI $319K/yr. $4.5M. 7.09% cap.
  4. Retail/Industrial Complex in Dublin, CA: 59,754 SF consisting of five buildings on 3 ac lot in wealthy San Francisco metro with an AHI of $121K/yr  in a 3 mile ring. Easy access to I-680/580. 95% leased to sixteen tenants. NOI $675K/yr. $11.255M. 6% cap.
  5. Retail Building in Phoenix, AZ: 81,200 SF big box retail building completed in 2013 on 5.63 ac lot at a prime retail corridor in growing (141.64% pop growth) area.  Across from Walmart Supercenter. 100% corp leased to Goodwill and C-A-L Ranch Stores with 25 stores. NOI $530K/yr. $8.035M. 6.61% cap.
  6. Advance Auto Parts in Memphis, TN: 5675 SF Auto Parts Center on .63 ac lot in a densely populated area. Close to Regional Medical Center and I-240. 100% NNN leased with 4-yrs left. NOI $88K/yr. $1.1M. 8% cap.
  7. China Star in Las Vegas, NV: 6300 SF attractive buffet restaurant built in 2007on over 1 ac lot in densely populated (395,000 residents in 5 miles) and upper middle class area. Adjacent to major centers with Big Lots, Home Depot, Walgreens, Petco and more. 20 yrs  NNN leased till 2027. $2.1M. NOI $151K/yr.  7.2% cap.
  8. KFC in Joliet, IL: 3101 SF well maintained KFC restaurant on .82 ac lot in growing and middle class Chicago MSA. Close to Provena Saint Joseph Medical Center and Jefferson Square Mall. 100% absolute NNN lease. NOI $60K/yr with 10% rent increases every 5-yrs. $1.012M. 6% cap.
  9. MOB in Kalamazoo, MI: 8800 SF Class-B multitenant medical office building completed in 2006 on 1.62 ac lot adjacent to Borgess Medical Center. 100% leased. NOI $147K/yr. $2.09M. 7.04% cap.
  10. Retail Center in Coon Rapids, MN: 18,102 SF eye-catching retail center built in 2006 on 2 ac lot in high income Minneapolis suburbs. On/off ramp of Hwy-10. Close to Riverdale Village with Costco, Menards, Best Buy, Kohl’s and Dick’s Sporting Goods. 94% leased with good tenant mix. NOI $302K/yr. $4.1M. 7.39% cap.

            (c) Transmercial 2015

Wednesday, January 28, 2015

01-14: DaVita, Mixed-Use, Apartments, MOB, Hereford House, Denny's, Sherwin Williams

Welcome new investors.  Transmercial is the only company in the US 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.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing.

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 Union Township, OH: 12,442 SF attractive retail center built in 2006 on 1.83 ac lot in growing Cincinnati suburbs. 100% leased by a strong mix of local and national tenants. Across from Meijer Supermarket. NOI $244K/yr. $2.877M. 8.50% cap.
  2. DaVita in Fairfield, CA: 8555 SF state-of-the-art dialysis center completed in 2014 on .84 ac lot in a growing and upper middle-class Solano County between Sacramento and San Francisco. Close to 132-bed NorthBay Medical Center, Solano Town Center with over 135 stores and I-80. 15-yrs NNN- corp lease with over 14-yrs left. NOI $283K/yr with 10% rent bumps every 5-yrs. $4.926M. 5.75% cap.
  3. Mixed-Use in Santa Clarita, CA: 29,853 SF well maintained office/retail center on over 1 ac lot in densely populated and high income (AHI $85K/yr in a 5 mile ring) Los Angeles suburbs. NOI $330K/yr. $6.35M. 5.14% cap.
  4. Apartments in Fresno, CA: 26-units well kept multifamily complex in a fast growing middle-class area. Near shopping centers and Hwy-180. 93% occupied. NOI $103K/yr. $1.508M. 6.83% cap.
  5. Retail Center in Southaven, MS: 15,900 SF attractive retail center built in 2007 on 2.29 ac lot in growing Memphis suburbs. Close to249-bed Baptist Memorial Hospital-Desoto and I-55. 100% NNN leased to Belhaven University, Ageless Men’s Health, Firehouse Subs, Batteries Plus, AAA, Sport Clips and Swankys Taco Shop. NOI $275K/yr. $3.5M. 7.87% cap.
  6. MOB in Lewisville, TX: 10,000 SF medical office building in fast growing Dallas suburbs. Across from Medical Center of Lewisville and close to I-35E. 93% leased. NOI $108K/yr. $1.3M. 8.38% cap.
  7. Sherwin Williams in Haddon Heights, NJ: 5773 SF single tenant retail building in high income Philadelphia suburbs with an AHI of $83K/yr. Tenant has been at this location for 45-yrs. 100% NNN- lease with 5-yrs left. NOI $57K/yr. $792K. 7.20% cap.
  8. Strip Center in Yucaipa, CA: 5907 SF strip center on .69 ac lot at a signalized location in San Bernardino County. Good demographics: 120% pop growth since 2000 & AHI of $91K/yr in 1 mile ring. 100% NNN leased. NOI $136K/yr. $2.028M. 6.75% cap.
  9. Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza, a Power Center with over 90 stores, including AMC Theatres, Macys, Barnes & Noble and Dicks Sporting Goods. Near Menorah Medical Center and Sprint Campus World HQ. New 15-yrs NNN lease. NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  10. Denny’s in Carpentersville, IL: 7022 SF franchised restaurant on 1.41 ac lot at a signalized entrance to Spring Hill Mall with over 120 stores in growing and high income Chicago suburbs. Tenant has been at this location for 20-yrs.  Recently extended absolute NNN lease with over 7-yrs left to strong operator with 27-units. NOI $125K/yr with 1% annual rent increases. $1.75M. 7.16% cap.

            (c) Transmercial 2015



01-13: Winn Dixie, Hobby Lobby, Car-X, Apartments, MOB


  1. Winn-Dixie in Jacksonville, FL: 45,204 SF free-standing Winn Dixie supermarkets (regional tenant with over 500 stores) along major retail corridor. Close to Regency Square Mall. Tenant has been at this location since 1986. Recently extended NNN- corp lease with 4-yrs left. NOI $241K/yr with 9% rent increase in 2016. $3.02M. 8% cap.
  2. Retail Building in Tempe, AZ: 10,000 SF attractive retail building constructed in 2002 on nearly 1 ac lot along busy retail corridor. Close to major Power Centers with Costco, Walmart, Ross Dress For Less, PetSmart to name a few. 100% leased to NAPA Auto Parts and AlphaGraphics. NOI $160K/yr. $2.472M. 6.50% cap.
  3. Hobby Lobby in Cincinnati, OH: 57,216 SF arts and crafts store renovated in 2014 on over 4 ac lot. Across from Stone Creek Towne Center with Meijer, Toys R Us, JC Penney, Bed Bath and Beyond, Best Buy and Old Navy. Close to Northgate Mall and I-275. 10-yrs NNN- lease with 9-yrs left. NOI $309K/yr. $4.55M. 6.80% cap.
  4. Strip Center in League City, TX: 9800 SF attractive strip center on 1 ac lot in booming (278% pop growth since 2000) and high income Houston metro with an AHI of $87K/yr in 1 mile. 100% leased. NOI $160K/yr. $1.999M. 8% cap.
  5. Car-X in Pflugerville, TX: 5561 SF auto center built in 2009 on 1.22 ac lot in affluent (AHI $100K/yr) Austin suburbs. Near Walmart and Stone Hill Town Center, a 1,000,000 SF Power Center. 20-yrs absolute NNN corp lease with 15-yrs left. NOI $150K/yr with 9% rent increases every 5-yrs. $2.404M. 6.25% cap.
  6. MOB in Orlando, FL: 5250 SF eye-catching multitenant medical office building constructed in 2006 in a high income area with an AHI of $93K/yr in a 1 mile ring. 100% NNN lased to Sport/Family Doctor and Pediatrician. NOI $126K/yr. $1.737M. 7.25% cap.
  7. Office Building in Bartlett, TN: 34,000 SF Class-A consisting of two office buildings on over 3 ac lot in growing Memphis suburbs. Adjacent to Saint Francis Hospital-Bartlett, close to Wolfchase Galleria and I-40. 100% NNN leased. NOI $290K/yr. $2.9M. 10% cap.
  8. Shopping Center in Las Vegas, NV: 24,740 SF well maintained shopping center on 2.34 ac lot shadow anchored by Toys R Us, Cardenas Market and Fallas. Adjacent to Meadows Mall and near Hwy-95. 62% leased. Actual NOI $190K/yr. $2.6M. 7.33% actual cap. Upside potential.
  9. Apartments in Antioch, CA: 8-units well maintained multifamily building in upper middle-class Contra Costa County in San Francisco Bay Area. Close to 501,259 SF Somersville Towne Center and with easy access to Hwy-4.  100% occupied. NOI $78K/yr. $1.025M. 7.69% cap.  

            (c) Transmercial 2015


Monday, January 26, 2015

01-12: Midas, Animal Hospital, Cash America, Mexican Restaurant, Multi Family, Rite Aid

  1. Midas Auto in Campbell, CA: 4000 SF Midas at an irreplaceable location  next to Hwy 17 exit in high-income Silicon Valley.  Tenant has been here for 37 years and just signed a new 9 yr corp NNN lease.  NOI $102K with 10% rent bump in 2018.  $2.148M. 4.75% cap.
  2. Strip Center in Sacramento, CA: 5818 SF strip center on a busy artery.  100% leased to 3 stable tenants who have been there for over 10 yrs: Laundromat,  Liquor store, and Yelp highly-rated Crazy Sushi restaurant.  NOI $89K/yr. $1.39M. 6.4% cap.
  3. VCA Animal Hospital in Saginaw, TX: 6071 SF animal hospital with surgical facilities built in 2004 on .98 ac lot in high-growth, strong-income Dallas-Fort Worth metro.  15 yrs absolute NNN lease to publically traded VCA Animal Hospitals (NASDAG: WOOF) with 5 yrs left.  NOI $174K/yr. $2.366M. 7.35% cap.
  4. Cash America in Indianapolis, IN: 8000 SF single-tenant Cash America on 2.17 ac lot.  100% NNN- lease to Cash America, a national tenant with 5 yrs left. NOI $72K/yr. $900K.  8% cap.
  5. Retail Center in Edmond, OK: 15,970 SF 9-unit retail center on 1.64 ac lot in Oklahoma City metro. 91% NNN leased.  Actual NOI $197K/yr. $2.6M. 7.6% cap.  Upside potential when fully leased.
  6. Mendoza's Tequeria restaurant in San Jose, CA: 3200 SF Mexican highly-rated restaurant on a main artery in San Jose.  Tenant has been here for 15 yrs and just extended for 6 yrs. NOI $101K/yr with rent bump in late 2015.  $1.68M. 6% cap.
  7. Multi-family in Plainfield, NJ: portfolio of 2 multi-family properties in middle class NY metro consisting of 14-unit with combined 11,996 SF.  NOI $116K/yr. $1.35M. 8.61% cap.
  8. Rite Aid in Warren, OH: 11,325 SF drug store built in 1996 on 1.95 ac lot in Cleveland suburbs.  100% NNN- leased till 2028. NOI $151K/yr. $2.399M. 6.4% cap.
  9. Multi-Family in Homestead, FL: 12-unit beautiful multi-family in gated communities in south Miami. NOI $87K/yr. $1.45M. 6% cap.


            (c) Transmercial 2015

Friday, January 23, 2015

01-09: DaVita, Whataburger, World Market, AutoZone, Long John Silver's & A&W, Jiffy Lube, MOB


  1. DaVita in Fresno, CA: 6150 SF dialysis center built in 2014 on .52 ac lot along busy corridor and in a fast growing area. Close to Kaiser Permanente Medical Center. 15-yrs NNN- corp lease. NOI $150K/yr with 10% rent bumps every 5-yrs. $2.727M. 5.50% cap.
  2. Whataburger in Phoenix, AZ: 2855 SF drive-thru fast food restaurant constructed in 2000 on over 1 ac outparcel to Big Lots. On off/on ramp of I-17. Close to 221-bed Phoenix Baptist Hospital. 20-yrs absolute NNN corp lease with 5-yrs left. NOI $148K/yr. $2.095M. 7% cap.
  3. Shopping Center in Milwaukee, WI: 35,327 SF well kept shopping center on 3½ ac corner lot in a fast growing middle-class area. Close to new Walmart Supercenter. 83% leased with mostly NNN leases. Actual NOI $311K/yr. $3.617M. 8.62% actual cap. Upside potential.
  4. Retail Center in Orlando, FL: 21,599 SF eye-catching retail center built in 2006 on  3.3 ac outparcel to Publix shopping center in growing & high income area. All units face main artery. 95% leased. NOI $361K/yr. Price N/A.
  5. Retail Building in Franklin Square, NY: 10,088 SF well maintained retail building along major thoroughfare in densely populated New York suburbs with over 700,000 residents in a 5 mile ring. Leased to long term tenants. NOI $119K/yr. $2M. 6% cap.
  6. World Market in Prescott, AZ: 18,300 SF single-tenant retail building on 1.79 ac outparcel to Prescott Gateway Mall, a 589,854-square foot regional mall anchored by Dillard' s, JCPenney, Sears, Best Buy and many more.. Recently extended NNN lease with 8-yrs left. NOI $142K/yr. $2.039M. 7% cap.
  7. 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% leased.  NOI $126K/yr. $2.027M. 6.25%cap.
  8. Long John Silver’s / A&W in Lafayette, IN: 2780 dual branded fast food restaurant along main retail corridor. Close to 864,000 SF Tippecanoe Mall with over 100 stores. Brand new 20-yrs NNN lease. NOI $96K/yr with 10% rent bumps every 5-yrs. $1.476M. 6.50% cap.
  9. MOB in Freeport, NY: 19,200 SF Class-B medical building renovated in 1995 anchored by DaVita in affluent (AHI $108K/yr in 3 miles) New York suburbs. 74% NNN leased. NOI $361K/yr. $4.75M. 7.60% Cap.
  10. Jiffy Lube in La Grande Park, IL: 1400 SF auto center in growing and high income Chicago suburbs with an AHI of $86K/yr in 1 mile. 100% NNN lease with 7-yrs left to a strong franchisee with over 500 units. NOI $71K/yr with a 10% rent bump in 2017. $1.016M. 7% cap.


            (c) Transmercial 2015

Thursday, January 22, 2015

01-08: O'Charley's, Arby's, Burger King, Starbuck Coffee, CVS, Rite Aid

  1. O’Charley’s in Asheville, NC: 6802 SF attractive casual dining restaurant constructed in 1996 on1.59 ac lot along main retail corridor. Close to Asheville Mall and with easy access to I-240. 20-yrs absolute NNN lease with 9-yrs left, to a restaurant chain with over 200 locations. NOI $155K/yr with annual rent increases. $2.005M. 7.75% cap.
  2. Retail Buildings in Plano, TX: 21,817 SF consisting of two attractive retail buildings along Hwy-75 in fast growing Dallas suburbs. Close to Costco, Lowes and Walmart Supercenter. 100% NNN leased. NOI $487K/yr. $6.29M. 7.75% cap.
  3. Arby’s in Mundelein, IL: 4023 SF well maintained franchised restaurant on .87 ac outparcel to recently renovated Jewel-Osco and Burlington Coat Factory Center. In growing and affluent Chicago suburbs with an AHI of $103K/yr in 1 mile. 20-yrs absolute NNN lease with 5-yrs left to a strong operator with 25-units. NOI $72K/yr with 1.5% rent bumps starting in 2018. $929K/yr. 7.75% cap.
  4. Burger King in San Antonio, TX: 2505 SF franchised fast food restaurant built in 2006 on .48 ac lot. Across from Walmart Supercenter, Home Depot, Target and H-E-B Supermarket. Close to Mission Trail Baptist Hospital and I-37. This is a sale/leaseback investment. Long absolute NNN lease to an experience operator with 20-units. NOI $100K/yr. $1.667M. 6% cap.
  5. Starbucks Coffee in San Antonio, TX: 1785 SF drive-thru newly constructed retail building at a signalized intersection. Across from Lowe’s and Sprouts Farmers Market. With easy access to I-10.  Close to University Hospital, Methodist Hospital and St. Luke’s Baptist Hospital.  New 10-yrs NNN- lease. NOI $87K/yr. $1.749M. 5% cap.
  6. Rite Aid in Ogden, UT: 21,000 SF well maintained Rite Aid Pharmacy on .92 ac lot in growing town North of Salt Lake City. Tenant has been at this location since 1965. 7-yrs recently extended NNN- corp lease. NOI $99K/yr. $1.523M. 6.50% cap.
  7. CVS in San Bernardino, CA: 15,251 SF CVS Pharmacy built in 2002 on over 2 ac lot at a hard corner location. Adjacent to California State University San Bernardino. 100% NNN corp lease with over 9-yrs left. NOI $353K/yr with 5% rent bumps every 5-yrs. $6.615M. 5.35% cap.
  8. KFC in West View, PA: 3238 SF KFC restaurant built in 2001 on .56 ac lot in middle-class Pittsburgh suburbs. Near shopping center with Kmart and Giant Eagle Grocery. 100% absolute NNN lease with 17-yrs left. NOI $67K/yr with 1.5% annual rent increases. $1.132M. 6% cap.
  9. Shopping Center in Plano, TX: 28,805 SF attractive shopping center on nearly 3 ac lot in fast growing and upper middle class Dallas Metro. Shadow anchored by Kroger, a major supermarket chain with 2640 locations. 81% leased. NOI $247K/yr.$3.81M. 6.50% cap. Upside potential when fully leased.
  10. Retail Building in Artesia, CA: 3150 SF well kept single-tenant retail building in densely populated and high income (AHI $89K/yr) Los Angeles County. Across from Los Cerritos Center and close to I-605.  100% NNN lease with 2-yrs left. NOI $110K/yr. $1.88M. 5.80% cap.

            (c) Transmercial 2015

Wednesday, January 21, 2015

01-07: MOB, Bruno's Burgers, Mixed-use, Retail Centers


  1. Shopping Center in Fairview Heights, IL: 59,386 SF shopping center built in 2009 on 5.90 ac lot in growing St Louis metro. Anchored by 25,546 SF JoAnn’s Fabrics & Party City. Adjacent to St. Clair Square Mall and near I-64. 100% NNN leased. NOI $684K/yr. $8.055M. 8.50% cap.
  2. Retail Building in St. Louis, MO: 9,971 SF attractive retail building constructed in 2007 on .89 ac corner lot. Excellent tenant mix: City Gear, Check N Go, Boost Mobile and Instant Tax Service. 100% NNN leased. NOI $117K/yr. $1.232M. 9.50% cap.
  3. Retail Building in Woodbury, MN: 9426 SF eye-catching retail center on 1.54 ac lot in growing (64% pop growth since 2000) and affluent (AHI $117K/yr) Minneapolis/St Paul suburbs. 100% NNN leased. NOI $127K/yr. $1.55M. 8.24% cap.
  4. Bruno’s Burgers in Inglewood, CA: 1227 SF fast food restaurant at a   signalized corner location in Los Angeles area. Along major artery and close to Centinela Hospital Medical Center. 100% NNN lease with 12-yrs left. NOI $48K/yr with CPI rent increases every 2-yrs. $740K. 6.49% cap.
  5. Retail Center in Scottdale, GA: 15,300 SF well maintained retail center constructed in 2002 on over 1 ac lot in fast growing Atlanta suburbs. Close to Dekalb Medical Center. 85% leased. Actual NOI $105K/yr. $1.275M. 8.50% actual cap. Upside potential.
  6. Retail Building in Rancho Cordova, CA: 23,640 SF retail building on over 3 ac lot along major retail artery. Part of Zinfandel Square Center with Target, Ross Dress for Less, 99 Cents Only and more. Tenants include: Grocery Outlet, a regional grocery chain and Furniture Store. NOI $243K/yr. $4.05M. 6% cap.
  7. MOB in Sunnyvale, TX: 11,492 SF Class-A multitenant medical office building on 2.52 ac lot in high income Dallas suburbs. Near Texas Regional Medical Center. NNN leased to stable tenants. NOI $292K/yr. $3.9M. 7.50% cap.
  8. Arby’s in McHenry, IL: 3070 SF Arby’s Restaurant completed in 1994 outparcel to a Power Center anchored by Target in Chicago metro. Along major retail artery. 100% absolute NNN lease with 8-yrs left to a strong franchisee with 25-units. NOI $101K/yr. $1.2M. 8.46% cap.
  9. Mixed-use in West Orange, NJ: 11,348 SF well kept office/ retail center in affluent New York suburbs with an AHI of $118K/y in 1 mile ring. 80% lease. Actual NOI $192K/yr. $2.725M. 7.06% cap. Upside potential when fully leased. 


            (c) Transmercial 2014

Tuesday, January 20, 2015

01-06: Walgreens, MOB, Shopping Centers, Retail Centers

  1. Walgreens in Chicago, IL: 13,000 SF built-to-suit pharmacy constructed in 1993 on 1 ac lot at a signalized intersection. With easy access to I-94. 100% NN lease with 4-yrs left. NOI $159K/yr. $2.461M. 6.50% cap.
  2. MOB in Florence, KY: 18,283 SF well maintained medical office building renovated/expanded in 2007 on 1.71 ac lot in Cincinnati suburbs. Close to I-75.  Anchored by Fresenius Dialysis Center. 100% NNN leased to multiple tenants. NOI $320K/yr. $3.375M. 9.51% cap.
  3. Shopping Center in Kissimmee, FL: 28,827 SF well maintained shopping center on over 2 ac lot along major artery in Orlando suburbs. 100% NNN leased. NOI $429K/yr. $5.544M. 7.75% cap.
  4. Office Building in Santa Fe, NM: 31,975 SF Class-A multitenant office building adjacent to CHRISTUS St Vincent Regional Medical Center. 97% leased. NOI $405K/yr. $5.375M. 8.30% cap.
  5. Retail Center in Chino, CA: 12,069 SF retail building completed in 2009 on 1.58 ac lot in high income (AHI $99K/yr in 3 miles) San Bernardino County. Shadow anchored by Home Depot and JC Penney. 100% NNN leased. NOI $194K/yr. $3.117M. 6.25% cap.
  6. Retail Center in Indio, CA: 15,136 SF well kept retail center on 1.34 ac outparcel to Cardenas Supermarket and CVS Pharmacy. Across from Fiesta Mall and near JFK Memorial Hospital. 100% leased. NOI $164K/yr. $2.995M. 5.50% cap.
  7. Neighborhood Center in Las Vegas, NV: 71,008 SF attractive anchored shopping center on 6.46 ac lot in densely populated Clark County. Close to Meadows Mall and Hwy-95. 97% leased. NOI $797K/yr. $10.9M. 7.32% cap.
  8. Office Building in Glastonbury, CT: 11,000 SF Class-B office building on 1½ ac lot in high income Hartford metro with an AHI of $92K/yr in a 3 mile ring. 100% leased to eight tenants. NOI $91K/yr. $995M. 9.20% cap.
  9. Retail Center in Sicklerville, NJ: 12,039 SF attractive retail center completed in 2009 on 1.88 ac lot in affluent (AHI $105K/yr) Philadelphia MSA. Adjacent to 122,000 SF The Shoppes at Cross Keys. 100% leased with good tenant mix. NOI $313K/yr. $4.475M. 7% cap.
  10. Shopping Center in Mesa, AZ: 34,140 SF L-shaped shopping center renovated in 1994 on over 3 ac lot at a hard corner location. Anchored by The Learning Foundation and Performing Arts School. 100% leased. NOI $327K/yr. $4.362M. 7.50% cap. 


            (c) Transmercial 2015

01-05: Walgreens/Dollar Tree, O'Reilly Auto Parts, Apartments, 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 Oak Park, MI: 29,772 SF consisting of two well maintained retail buildings completed in 2000 at a hard corner location in Detroit suburbs. Near Province Hospital and Northland Center Mall. 100% NNN leased to two recession-insensitive credit tenants: Walgreens and Dollar Tree. NOI $694K/yr. $8.682M. 8% cap.
  2. Retail Building in Woodland, CA: 16,036 SF well maintained retail center on 1.86 ac lot in a growing town Northwest of Sacramento. 62% absolute NNN leased to Bank of America. Seller will provide 2 yrs lease guaranty for the remaining space.  Actual NOI $149K/yr. $2.368M. 6.31% actual cap.
  3. Office Building in Las Vegas, NV: 24,040 SF Class-A multitenant office building renovated in 2013 on 2 ac lot  in growing and affluent neighborhood with an AHI of $111K/yr in  mile. Close to Summerlin Hospital Medical Center. 100% leased. NOI $385K/yr. $5.5M. 7% cap.
  4. Retail Buildings in Charlotte, NC: 7838 SF retail building and 3280 SF KFC/Long John Silver’s completed in 2004 on 2.60 ac lot in growing & upper middle class area. 100% NNN leased. NOI $198K/yr. $2.75M. 7.23% cap.
  5. Office Building in Portland, OR: 22,889 SF Class-A office  building constructed in 2008 on 1 ac lot with easy access to I-205. 100% NNN leased to multiple tenants. NOI $300K/yr. $4.1M. 7.34% cap.
  6. Professional Building in Phoenix, AZ: 31,600 SF Class-B professional building on 2.49 ac lot along busy corridor and close to I-17. 78% leased by 15 medical & professional tenants. NOI $387K/yr. $5.16M. 7.50% cap.
  7. O’Reilly Auto Parts in Sacramento, CA: 5400 SF well maintained O’Reilly Auto Parts at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.895M. 5.50% cap.
  8. Retail Center in Orlando, FL: 10,095 SF retail center built in 2007 on over 1 ac outparcel to Sam’s Club. All units face main thoroughfare. 100% leased. NOI $198K/yr. $2.5M. 7.95% cap.
  9. Apartments in Fresno, CA: 16-units 2BR/1BA multifamily apartment complex adjacent to California State University, Fresno with over 23,000 students. 100% occupied. NOI $59K/yr. $796K/yr. 7.50% cap.
  10. Retail Center in Frisco, TX: 17,105 SF retail center built in 2004 on 1.98 ac lot in upper middle class Dallas metro with an AHI of $97K/yr in 1 mile.  100% NNN leased. NOI $317K/yr. $3.6M. 8.83% cap.


            (c) Transmercial 2014

Wednesday, January 14, 2015

12-31: Denny's Restaurant, Shopping Centers, Strip Centers

Happy New Year.  Transmercial will close on 1/1 and 1/2.

  1. Strip Center in Fort Worth, TX: 9600 SF newly constructed strip center on over 1 ac lot. Part of 500,000 SF Renaissance Square with Walmart, Marshalls, Shoe Carnival, Ross Dress for Less, Dots, Hibbett Sports and Dollar Tree. Tenants include: T Mobile, Nails Salon, RSQ Dental, Subway, GameStop and Seham Enterprises. 100% NNN leased. NOI $209K/yr. $2.757M. 7.60% cap.
  2. Shopping Center in Flint Township, MI: 58,130 SF consisting of five well maintained retail centers constructed in 1990 along major retail artery. Eight points of ingress/egress. Retailers in the immediate area include: Lowe’s, Sam Club, Walmart, Home Depot, Kroger and more. NOI $425K/yr. $4.483M. 9.50% cap.
  3. Shopping Center in Carrollton, TX: 31,686 SF attractive shopping center built in 2002 on 3.88 ac lot in fast growing Dallas metro. Next to I-35E. 94% NNN leased with good tenant mix. NOI $378K/yr. $4.524M. 8.37% cap. Upside potential.
  4. Shopping Center in Pickerington, OH: 59,495 SF well maintained shopping center on 8 ac lot in growing and upper middle class Columbus suburbs. Major tenants include: Urgent Care, Goodwill and Chase. 96% leased. Actual NOI $551K/yr. $6M. 9.20% actual cap. Upside potential when fully leased.
  5. Retail Center in Maplewood, MN: 12,690 SF well kept retail center on 5 ac lot at a signalized intersection in St Paul suburbs. Price N/A.
  6. Denny’s in Phoenix, AZ: 4796 SF recently remodeled restaurant constructed in 1997 on 1 ac lot. On on/off ramp of I-17. Close to John C Lincoln Deep Valley Hospital. Newly executed 10-yrs absolute NNN lease. NOI $85K/yr with 10% rent bumps every 5-yrs. $1.478M. 5.75% cap.
  7. Strip Center in North Las Vegas, NV: 6619 SF strip center built in 2007 at a corner location. Adjacent to Walmart Neighborhood Market and Albertsons Grocery. 100% leased. $2.175M. NOI N/A.
  8. Retail Building in Greenville, NC: 3127 SF single tenant retail building in fast growing area across from Greenville Mall. 100% NNN lease with 6-yrs left to Adam & Eve, and adult entertainment tenant. NOI $64K/yr. $909K. 7.15% cap.


            (c) Transmercial 2014

Tuesday, January 13, 2015

12-30: Jiffy Lube, Walgreens, Wendy's, Mixed-use, Shopping Centers

  1. Shopping Center in Sherman, TX: 37,088 SF shopping center built in 2001 on 5.83 ac lot at a hard corner location of Hwy-75 in Dallas suburbs. Across from Lowes and Walmart Supercenter, Adjacent to TMC Behavioral Health Center. 100% leased to national, local and regional tenants. NOI $497K/yr. $6.225M. 8% cap.
  2. Jiffy Lube & Auto Center in Whittier, CA: 2400 SF Jiffy Lube and 5760 SF auto center at a signalized intersection in densely populated and upper middle-class area in Los Angeles. 100% NNN leased to three tenants. NOI $148K/yr. $2.4M. 6.20% cap.
  3. Walgreen’s in Jacksonville, FL: 13,980 SF Walgreens constructed in 1994 on 1.65 ac lot at a signalized corner location. Tenant has been at this location since 1994. Recently extended rare absolute NNN corp lease till 2019. Low rent of $9.66 per SF. NOI $135K/yr. $2.16M. 6.25% cap.
  4. Wendy’s in High Point, NC: 4206 SF franchised fast food restaurant constructed in 2008 on over 1 ac outparcel to Walmart in Greensboro metro. 20-yrs absolute NNN lease with over 19-yrs left to a strong franchisee with 140 units. NOI $80K/yr with 10% rent bumps every 5-yrs. $1.523M. 5.25% cap.
  5. Retail Center in Crown Point, IN: 11,964 SF attractive retail center completed in 1990 on over 1 ac lot in Chicago metro. 94% NNN leased with good tenant mix including O’Reilly Auto Parts. NOI $94K/yr. $1.25M. 7.54% cap.
  6. Strip Center in Orlando, FL: 5588 SF eye-catching strip center in affluent neighborhood. 100% leased to Barton Chiropractic, H & H Insurance, B.A. Hattaway and Blezoo, Inc. NOI $71K/yr. $990K. 7.27% cap.
  7. Mixed-use in Maple Grove, MN: 27,425 SF office and retail building constructed in 2005 in upper middle-class Minneapolis suburbs. Visible and on/off ramp to Hwy-169. 100% NNN leased. NOI $309K/yr. $3.865M. 8% cap.
  8. Retail Center in Melbourne, FL: 1838 SF free-standing drive-thru Starbucks and 13,380 SF strip center completed in 2008 on 5.53 ac lot adjacent to Brevard Community College. 91% leased. $3.45M. NOI N/A.
  9. Shopping Center in San Diego, CA: 44,861 SF well maintained shopping center on 3.82 ac lot anchored by El Picador Food Grocery and Grow Fit Fitness Center. With easy access to Hwy-905. 100% leased. NOI $564K/yr. $9M. 6.27% cap.
  10. Retail Center in Casa Grande, AZ: 18,500 SF retail center anchored by 11,000 SF Pep Boys along main retail corridor. 100% NNN leased. NOI $153K/yr. $1.995M. 7.70% cap.


            (c) Transmercial 2014

12-29: Advance Auto Parts, Family Dollar, MOB, Retail Centers, Strip Centers

  1. AAP in San Antonio, TX: 7000 SF well maintained Advance Auto Parts on over 1 ac corner lot with easy access to I-10.  15-yrs NNN corp lease with 4-yrs left. NOI $108K/yr. $1.45M. 7.50% cap.
  2. Family Dollar in Wilmington, NC: 10,000 SF brand new Family Dollar on 1½ ac lot at a signalized intersection in a growing area. Near Independence Mall and New Hanover Regional Medical Center. New 10-yrs NNN- lease. NOI $140K/yr. $2.075M. 6.75% cap.
  3. MOB in Greenville, SC: 6835 SF single tenant medical office building on .55 ac lot adjacent to Greenville Hospital Systems. 10 yrs absolute NNN lease to Greenville Health System, a large, multi-hospital with institutional credit rating. $1.25M. NOI N/A.
  4. MOB in Greenville, SC: 4891 SF under construction single-tenant medical office building on .84 ac lot. Adjacent to an under construction Walmart Neighborhood Market and close to Publix shopping center. 20 yrs absolute NNN lease to Greenville Health System, a large, multi-hospital with institutional credit rating. $1.45M. NOI N/A.
  5. Retail Center in Spokane, WA: 17,141 SF attractive retail center on 1.81 ac lot in upper middle class area with an AHI of $72K/yr in 1 mile ring. 100% leased with good tenant mix. NOI $291K/yr. $4.1M. 7.10% cap.
  6. Strip Center in Colleyville, TX: 6800 SF attractive strip center constructed in 2005 on .75 ac lot at a signalized intersection in affluent (AHI $132K/yr) Fort Worth suburbs. Across from new Whole Food Market. 100% leased. NOI $118K/yr. $1.9M. 7% cap.
  7. Retail Center in Allen, TX: 12,000 SF retail center built in 2003 on 1.74 ac lot at a hard corner location. Close to 73-bed Texas Health Presbyterian Hospital and Hwy-75. 90% leased to stable tenants. High growth (103% since 2000) & high income area (AHI $108K/yr in 1mile). NOI $210K/yr. $2.8M. 7.50% cap.
  8. MOB in Cumberland, RI: 24,969 SF Class-A multi-tenant medical office building in high income Providence metro with an AHI of $83K/yr in 1 mile. 90% leased. Actual NOI $187K/yr. $2.2M. 8.50% cap.


            (c) Transmercial 2014

Wednesday, January 7, 2015

12-24: Advance Kids, MOB, Retail Center


  1. MOB in Plano, TX: 8064 SF Class-B medical office building constructed in 1998 on over 2 ac lot in high income Dallas suburbs with an AHI of $102K/yr in a 3 mile radius.  100% leased to multiple tenants. $1.5M. NOI N/A.
  2. Advance Kids in Sacramento, CA: 11,250 SF well maintained day care center on 1½ ac corner lot in growing & upper middle class area. With easy access to Hwy-50. This is a sale/leaseback investment. New 10-yrs lease. NOI $175K/yr. $1.95M. 9% cap.
  3. Retail Center in Warren, MI: 17,672 SF well kept retail center in Detroit suburbs. Adjacent to St John Macomb-Oakland Hospital.  100% leased to nine tenants. $1.17M. NOI N/A.

            (c) Transmercial 2014

Tuesday, January 6, 2015

12-23: Rite Aid, Just Fitness, Office Buildings, Retail Buildings

  1. Retail Building in Rancho Cordova, CA: 23,640 SF well maintained retail building on over 3 ac lot along major retail artery. Part of Zinfandel Square Center with Target, Ross Dress for Less, 99 Cents Only and more. Tenants include: Grocery Outlet, a regional grocery chain and Wood Furniture Store. NOI $244K/yr. $4.05M. 6% cap.
  2. Rite Aid in Rex, GA: 8640 SF drive-thru pharmacy constructed in 1994 on 1 ac lot at a hard corner location in growing Atlanta metro. On an off/on ramp of I-675. Brand new rood has been installed. Recently extended NN corp lease with 5-yrs left. NOI $120K/yr. $1.457M. 8.25% cap.
  3. MOB in La Canada Flintridge, CA: 18,643 SF well kept multitenant office building on .61 ac lot in affluent Los Angeles County with an AHI of $143K/yr in a 1 mile ring. With easy access to I-210 and 158-bed USC Verdugo Hills Hospital.  100% leased. NOI $355K/yr. $6.2M. 5.74% cap.
  4. Just Fitness in Carrolton, TX: 17,373 SF fitness center on 1 ac lot in a growing and affluent Dallas suburbs with an AHI of $95K/yr in 1 mile. Across from Kohl’s and adjacent to Kroger Grocery Center. 100% NN leased with 6-yrs left to Just Fitness 4 U with 7 locations. NOI $165K/yr. $2.2M. 7.50% cap.
  5. Office Building San Jose, CA: 11,688 SF attractive office building on .69 ac lot along major thoroughfare in high income Silicon Valley. Easy access to Hwy-101 & I-880. $2.485M.
  6. Retail Building in Williston Park, NY: 13,000 SF attractive retail building in affluent (AHI $120K/yr in 3 miles) New York suburbs. 100% NN leased to four tenants. NOI $249K/yr. $3.9M. 6.39% cap.


            (c) Transmercial 2014

Monday, January 5, 2015

12-22: Starbucks Coffee, Shopping Centers, Office Buildings

  1. Shopping Center in Fort Worth, TX: 59,950 SF consisting of three eye-catching retail buildings completed in 2005 on over 7 ac corner lot.  88% NNN lease to national, regional and local tenants. NOI $628K/yr. $9.69M. 6.49% cap.
  2. Office Buildings in Macon, GA: 19,200 SF consisting of four well maintained office buildings on 3.83 ac lot along main corridor & in a fast growing area.  Close to 58-bed Central Georgia Rehabilitation Hospital and I-75. 87% leased. Actual NOI $147K/yr. $1.642M. 9% actual cap. Upside potential.
  3. Office Building in Greenville, SC: 18,025 SF Class-B multitenant office building on .71 ac lot in growing and upper middle class area with an AHI of $71K/yr in 1 mile. 91% leased. NOI $95K/yr, $1.375M. 6.97% cap.
  4. Starbucks Coffee in Humble, TX: 1850 SF attractive retail building constructed in 2008 on .63 ac lot in fast growing (132% pop growth since 2000) and high income (AHI $90K/yr in 3 miles) Houston suburbs. 10-yrs NNN corp lease with 5-yrs left. NOI $75K/yr. $1.065M. 7.06% cap.
  5. Shopping Center in Carrollton, TX: 83,697 SF shopping center on 7 ac lot at a hard corner location anchored by Dollar General in upper middle class Dallas/Fort Worth suburbs. 85% leased. Actual NOI $601K/yr. $7.075M. 8.50% actual cap. Upside potential when fully leased.
  6. Shopping Center in Arlington, TX: 19,451 SF beautiful shopping center built in 2010 on over 2 ac lot in affluent (AHI $105K/yr in 1 mile radius) Fort Worth suburbs. Close to The Parks at Arlington and I-20. 100% NNN leased. NOI $646K/yr. $7.7M. 8.39% cap.
  7. Retail Center in Allen, TX: 25,953 SF L-shaped retail center constructed in 2012 on 2.84 ac lot in growing Dallas metro. Major tenant include: The Milk Pail, Allen Dance Studio, Castle Nails, Watters Animal Hospital, Mio Nonna/Rabe Mala, Myhomedia and H&R Block. 92% NNN leased. NOI $520K/yr. $7.434M. 7% cap.


            (c) Transmercial 2014

12-19: Golden Corral, Shopping Centers, Retail Centers

  1. Shopping Center in Plano, TX: 24,805 SF consisting of three retail buildings constructed in 2003 on nearly 3 ac lot in fast growing and upper middle class Dallas Metro. Shadow anchored by Kroger, a major supermarket chain with 2640 locations. 81% NNN leased. $3.81M. 6.50% cap. Upside potential.
  2. Shopping Center in Santa Clarita, CA: 29,817 SF well maintained shopping center built in 1999 on over 3 ac lot in affluent Los Angeles suburbs with an AHI of $128K/yr in 1 mile. 83% NNN leased with good tenant mix including; Tutor Time, Kumon & Smile Focus Dental. Close to I-5. NOI $637K/yr. $9.445M. 6.75% cap.
  3. Retail Building Arlington, TX: 27,581 SF retail building remodeled in 2012 on 1.49 ac lot visible from I-20. Close to 1,510,000 SF The Parks At Arlington with 180 stores. 100% NNN leased to Lumber Liquidators, Star Medical Center, Lumin Healthcare and Steiner Group. NOI $369K/yr. $5.3M. 6.98% cap.
  4. Neighborhood Center in Grapevine, TX: 86,940 SF well kept shopping center on 6.56 ac lot at a main retail arty in a fast growing and high income (AHI $95K/yr in 3 miles) Dallas/Fort Worth suburbs. Near Baylor Regional Medical Center and with easy access to Hwy-114/121. 87% leased to Petco, Jo-Ann Stores, Dollar Tree and City of Grapevine. NOI $587K/yr. $7.532M. 7.80% cap.
  5. Golden Corral in Indianapolis, IN: 10,003 SF Golden Corral buffet restaurant built in 1999 on 1.92 ac outparcel to Washington Square Mall.  100% NNN lease with 14-yrs left to a strong franchisee with 13 units.  NOI $185K/yr with 10% rent bumps every 5 yrs. $2.652M. 7% cap.


            (c) Transmercial 2014

12-18: Starbucks Coffee, Walgreens, Verizon Wireless, Quik Cash, MOB

  1. Inline Center in Fort Worth, TX: 9176 SF attractive retail center built in 2003 on 1.38 ac lot in a fast growing upper middle class area in Dallas metro. Shadow anchored by Albertsons Supermarkets, a major supermarkets chain with over 2400 locations. 100% NNN leased to six tenants. NOI $177K/yr. $2.295M. 7.75% cap.
  2. Starbucks in Little Rock, AR: 1750 SF well maintained Starbucks Coffee constructed in 2006 on .46 ac lot along busy retail corridor. Close to I-430. 10-yrs NNN- corp lease with 2-yrs left. NOI $92K/yr. $1.315M. 7% cap.
  3. Strip Center in Overland Parks, KS: 4636 SF newly constructed strip center on .75 ac lot in high income (AHI $96K/yr) Kansas City suburbs. 100% NNN leased to Little Caesars, Supercuts & Jimmy John’s. NOI $112K/yr. $1.603M. 7% cap.
  4. MOB in Chapel Hill, NC: 9800 SF Class-B single-tenant medical office building on .66 ac lot in a high income (AHI $98K/yr) city Southwest of Durham. Close to University Mall and Hwy-501. Tenant has been at this location since 1990’s. Newly executed 5-yr lease by Wake Radiology, a regional tenant with 20 locations. NOI $204K/yr. $2.733M. 7.50% cap.
  5. MOB in Richland, WA: 29,168 SF Class-B multi-tenant  medical office building adjacent to 249-bed Kadlec Regional Medical Center. NOI $129K/yr. $1.999M. 6.50% cap.
  6. Walgreens in Chicago, IL: 15,120 SF drug store on nearly 1 ac lot at a signalized intersection. Near St. Bernard Hospital and I-94. 100% NN lease. NOI $320K/yr. $5.12M. 6.25% cap.
  7. Shopping Center in Denver, CO: 20,754 SF consisting of two retail centers built in 202 on 3 ac lot. Shadow anchored by Walmart Neighborhood Market. 93% NNN leased with excellent tenant mix. NOI $465K/yr. $7.16M. 6.50% cap.
  8. Strip Center in Des Moines, IA: 9312 SF strip center on .76 ac lot along main artery and adjacent to Walgreens. 100% NNN leased. NOI $110K/yr. $1.1M. 10% cap.
  9. Verizon Wireless in Independence, MO: 5673 SF well maintained retail building on .85 ac lot along main retail corridor in Kansas City MSA. Newly extended NNN- lease till 2021. NOI $68K/yr with 10% rent bumps every 5-yrs. $1.052M. 6.50% cap.
  10. Quik Cash in Various Cities: three well maintained retail buildings: 2 in MO and 1 in MS with combined 11,969 SF. Newly executed 10-yrs absolute NNN lease. NOI $128K/yr with a 10% rent increase in year 6. $1.6M. 8% cap.


            (c) Transmercial 2014