06-16: Walgreen's, Tire Pros, Kids R Kids, Medical, Professional buildings, Shopping Centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+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. Apartments in Phoenix, AZ: 173-units well-maintained multifamily property with excellent units mix near park/light rail/Mall and Hwy-17. 90% leased. NOI $425K/yr. $4.25M. 10% Cap. 
2. Retail Center in Granite Bay, CA: 6,092 SF retail center built in 2003 across from Safeway and Staples along main boulevards in fast growing & affluent (AHI of $110K/yr in 1 mile) Sacramento metro. 74.72% leased.  NOI $129K/yr. $1.495M. 8.67% Actual Cap. Upside potential. 
3. Shopping Center in Glendale Heights, IL: 89,631 SF shopping center with good tenant mix: La Rosita grocery store, Dollar Tree, Fresenius Dialysis Clinic and Hair Design. Across from Menards at a signalized intersection in middle-class Chicago suburbs. 93% NNN leased. NOI $758K/yr. $9.14M. 8.30% Cap. 
4. Shopping Center in Gastonia, NC: 61,996 SF shopping center built in 1993 on 8.50 ac lot at a busy signalized corner location in growing city in Charlotte suburbs.  Anchored by Bi-Lo grocery store and Family Dollar NOI $476K/yr. $5.25M. 9% Cap. 
5. Walgreen’s in Jacksonville, FL: 13,845 SF pharmacy on 10 ac lot. Across Winn Dixie grocery store. 6-years remaining or original NNN-lease. NOI $215K/yr. $2.662M. 8.08% Cap.  Potential lot subdivision and development. 
6. Tire Pros in Chandler, AZ: 6429 SF retail shop built in 2005 on .81 ac lot at high traffic location in high income Phoenix metro. 100% NNN leased to a successful chain Tire Pros with 300+ locations. NOI 96K/yr. $1.018M. 9.5% Cap.
7.  Shopping Center in Moreno Valley, CA: 36,175 SF shopping center on 3.31ac lot near Fwy-60 off-ramp. Anchored by CVS,  dd’s Discount (owned by Ross) and Dollar Tree. 100% NNN leased. NOI $205K/yr. $3.8M. 5.4% Cap. Only $105.04 Per SF.
8.  Kids R Kids in Lexington, KY: 13,550 SF established day care center built in 1999 on 1.50 ac lot   in well-off ($78K/yr within 1-mi radius) neighborhood. New 15-years absolute NNN lease. NOI $198K/yr with 10% rent increases every 5 years. $2.15M. 9.21% Cap. 
9. Medical/Professional Building in Charlotte, NC: 5546 SF multi-tenant medical/professional building in close proximity to Carolinas Medical Ctr-Pineville Hospital, I-485 and Hwy-51. 100% leased. NOI $111K/yr. $1.3M. 8.5% Cap. 
10. REO Retail Center in Port Charlotte, FL: 9760 SF retail center built in 1996 on 1.03 ac lot along main retail corridor. 85% NNN leased. NOI $52K/yr. $700K. 7.5% Actual Cap. Upside potential when fully leased.

© Transmercial 2011.

06-15: Advance Auto, Car Care center, Retail centers, Fresh & Easy, KFC, Carl's Jr

1.       Advance Auto Parts in West Allis, WI:  7504 SF Advance Auto built in 2007 on 1.14 acres lot in Milwaukee metro.  15 yrs NN corp lease with 12+ yrs remaining.  NOI $139K/yr. $1.737M. 8% cap.

2.       Car Care Center in Lake in the Hills, IL: 10,545 SF Car care center built in 1997 on 1.14 acres lot in upper middle-class Chicago suburbs (AHI $98K/yr w/i 3 mile).  100% leased to 3 tenants: Marco Muffler & Brakes, Weber Automotive, and Handle With Care Carwash.  NOI $145K/yr. $1.05M. 9.63% cap.

3.       Retail Center in Laveen, AZ: 14,446 SF inline retail center on 1.5 acres lot as part of a 106,800 SF shopping center anchored by Safeway, and BofA in Phoenix metro. Across the street from Home Depot, Fry’s Supermarket, Walgreens, CVS drug, and LA Fitness.  100% NNN leased to 7 good tenants: UPS store, Urgent Care center, Fantastic Sams, Papa John’s, Pacific Dental, Nail salon, and Chiropractor.  NOI $325K/yr. $4.34M. 7.5% cap.

4.       Fresh & Easy in Avondale, AZ: 14,390 SF Fresh & Easy market in Phoenix metro.  20 yrs NNN ground lease (land is for sale, tenant owns the building) with 18 yrs remaining.  NOI $120K/yr. $1.714M. 7% cap.

5.       Jiffy Lube in La Habra, CA: 1937 SF Jiffy Lube on .39 acre lot at a hard corner in high income area.  100% NNN lease.  NOI $78K/yr with 4% annual rent bump. $1.197M. 6.5% cap.

6.       Executive Center in San Diego, CA: 24,317 SF 2-story class-A office building completed in 2005 on 1.7 acres lot.  100% occupied by 9 tenants.  NOI $489K/yr.  $6.2M. 7.9% cap.

7.       Office Building in The Woodlands, TX: 11,855 SF brick office building on 2/3 ac lot in affluent (AHI $125K/yr in 3 miles) Northern Houston suburbs.  100% leased.  NOI $155K/yr. $2.1M. 7.4% cap.

8.       KFC in Omaha, NE: 2784 SF KFC on .8 ac lot in high income area (AHI $85K/yr in 3 mile).  New 20 yrs absolute NNN lease to an operator with 64 units.  NOI 90K/yr with 10% rent bump every 5 yrs.  $1.161M. 7.75% cap.

9.       Retail center in Reno, NV: 10,965 SF retail center in growing middle class area.  100% leased.  NOI $88K/yr. Appraised at $1.4M.  $1.28M. 7% cap.

10.   Medical Office Building in Orlando, FL: 53,000 SF 3-story lake-front medical office building on 4.25 acres lot adjacent to Orlando Regional Medical Center (ranked nationally in 2 pediatric specialties). 100% leased to 2 AAA credit tenants: Nemours Foundation and Mid-Florida Cardiology.  NOI $720K/yr. $7.5M. 8.86% cap.

© Transmercial 2011.

06-14: Shopping center, Hardees, Apartments, Rite Aid, Gated Resort

1.       Shopping Center in the Woodlands, TX: 64,206 SF shopping center on 7 acres lot in fast growing and middle class Northern Houston suburbs.  Near I-45.  Anchored by HEB supermarket and Big Lots!  100% NNN leased.  NOI $421K/yr. $4.9M. 8.6% cap.

2.       Hardees in St Petersburg, FL: 2652 SF restaurant on ¾ ac lot at a signalized intersection.  New 20 yrs absolute NNN corp lease.  NOI $108K/yr. $1.44M. 7.5% cap.

3.       Apartments in Houston, TX: 126 unit apartments in  NW Houston with enclosed swimming pool.  91% occupied.  Pro forma NOI $227K/yr. $2.3M. 9.9% pro forma cap.  Just over $18K/unit.

4.       Short sale Apartments in Las Vegas, NV: lender-approved short sale of 244 unit apartments on 8.13 acres lot.  Property was acquired in 2006 for $14.5M.  Proforma NOI $1.06M.  $8.4M. 12.64 pro forma cap.

5.       Office Building in Desoto, TX: 19,111 SF office building on 1.46 acres lot in Dallas metro.  91% leased.  NOI $144K/yr. 1.6M. 9% cap.

6.       Rite Aid in Reading, MA: 13,611 SF drug store in affluent Boston suburbs (AHI $99K/yr in 1 mile).  New 20 yrs absolute NNN lease.  NOI $303K/yr with 10% rent bump every 10 yrs.  $3.469M. 8.75% cap.

7.       Strip Center in Las Vegas, NV: 13,727 SF strip center built in 1996.  Across from Santa Fee Station casino and off US-95.  NOI $179K/yr. priced to sell at $1.999M 9% cap.

8.       Multi family in Redwood City, CA: 5050 SF 5-plex with 5 individual garages in the middle of Silicon Valley.  100% occupied.  NOI $52K/yr. $978K. 5.35% cap.

9.       Gated Resort in Kissimmee, FL: 79 gated resort with 7000 SF club house, pool, lakes, children play area, gym, hot tub, and 34 single family attached homes.  Site is approved for additional 780 homes.  Bank has $18M lien on the property.  All for $5M.

© Transmercial 2011.

06-13: Save mart, Shopping Centers, Advance Auto, Family Dollar, Office Building

1.     Save Mart Supermarket in Chowchilla, CA: 46,500 SF Save Mart grocery store built in 2008 on 4.75 ac lot in growing town next to Hwy-99. Regional tenant with 240 stores in CA and NV. 17 years remaining on NNN lease. NOI $287K/yr. Price reduced from $4.2M to $3.825M. 7.5% Cap.

2.     Shopping Center in New Haven, CT: 49,146 SF shopping center on busy corridor close  to Lowes/Wal-Mart and Hwy-91. Shadowed anchored by Aldi Food market, an international grocery chain.  93% NNN leased. NOI $574K/yr. $7.66M. 7.5% Cap.

3.     Strip Center in Shelby Township, MI: 19,000 SF strip center with excellent tenant mix: O’Reilly Auto Parts, Curves, Hairlines and Thai Cuisine and next to Aldi Supermarket in middle class Detroit suburbs. 83% leased. NOI %153K/yr. $1.525M. 10.04% Cap.

4.     Advance Auto Parts in Elizabeth, NJ: 7000 SF 4-years old retail in densely populated middle class city. Sales above national average. 11½ years remaining on original 15-years NNN- corp lease. NOI $257K/yr. $3.115M. 8.25% Cap.

5.     Bank-owned Borges Supermarket in Homeland, FL: 19,440 SF successful grocery store close to Miami-Dale College Campus/South Dale Adult Education Center. Short-term NNN lease. Tenant would consider staying. NOI $178K/yr. $1.508M. 11.80% Cap.

6.     Retail Center in Collegeville, PA: 10,664 SF well-maintained retail center on 1.68 ac lot in affluent (AHI $98K/yr within 1-mile radius) Philadelphia suburbs. 100% NNN leased. NOI $133K/yr. $1.725M. 7.72% Cap.

7.     Strip Center in Killeen, TX: 10,186 SF newly constructed retail center next to Wal-Mart at densely retail location near Hwy-190. 100% NNN leased to four tenants and ATM. NOI $238K/yr. $2.986M. 8% Cap.

8.     Family Dollar in Miami, FL: 8238 SF recently renovated free-standing retail building at a major signalized corner location. 10-years NNN- corp lease. NOI $163K/yr with 10% rent increases every 5 years. $2.113M. 7.75% Cap.  

9.     Office Building in Sarasota, FL: 21,700 SF Class-B upscale multi-tenant office building close to I-75. High income area with AHI of $89K/yr in 1 mile. 98% leased to long-term national tenants.  NOI $238K/yr. $2.650M. 9% Cap.

10.  Shopping Center in Scottsdale, AZ: 29,075 SF beautiful shopping center built in 1995. Shadow anchored by CVS Pharmacy. Very affluent area in Phoenix suburbs (AHI of $166K/yr in 1 mile).  90% leased to eight tenants. Current NOI $374K/yr. (with 2 tenants not paying rents) $4.750M. 7.89% Cap. Upside potential when fully leased.

© Transmercial 2011.

06-10: FREE Seminar. Retail centers, Carino's, Starbucks, Dennys, La Petite Academy, Kelly Moore, Multifamily

1.       Retail center in Maywood, CA: 28,340 SF single-tenant retail center built in 1993 on 1.8 acres lot with 950K residents within 5 miles ring.  100% leased with 6 yrs remaining to Fellas Parades Discount Store,  a regional tenant with the same owner as Factory 2-U.  NOI $325K/yr. $3.95M. 8.25% cap.

2.       Carino’s Italian Restaurant in Antioch, CA: 6842 SF Carino’s restaurant on 1.41 acres outparcel to a power center anchored by Target, Sport Chalet, Office Depot, Pets Mart, Pier 1 Imports, Bev Mo, Bed Bath & Beyond, Old Navy, and more.   New 15 yrs absolute NNN lease to the largest Carino’s franchisee.  Northern CA city with excellent demographics.  NOI $180K/yr. with 12% rent bump every 5 yrs.  $2.665M. 6.75% cap.

3.       Starbucks in Decatur, AL: 1870 SF Starbucks completed in 2008 on over 1 ac lot.  Adjacent to Wal-Mart and Home Depot.  10 yrs NNN- with 7 yrs remaining and no kick out clause.  NOI $103K/yr. with 10% rent bump in 2013. $1.381M. 7.5% cap.

4.       Medical Office Building in Rio Rancho, NM: 18,060 SF class-A medical office building on 2.58 acres lot across street from Intel.  100% leased. NOI $366K/yr. $4.95M. 7.4% cap.

5.       Denny’s in Orlando, FL: 4765 SF restaurant on 1.13 acres lot in a growing and high income near the airport.  100% NNN leased till 2027 to an operator with 52 Dennys.  NOI $82K/yr with 4% rent bump in 2013 and 10% rent bump every 5 yrs thereafter.  $1.1M. 7.5% cap.

6.       La Petite Academy in Diamond Bar, CA: 7536 SF La Petite Academy childcare center on .83 ac lot near Hwy 57 in upper middle class (AHI $99K/yr) city in Southern CA.  100% absolute NNN corp leased till 2017.  NOI $232K/yr. with annual CPI-based rent bump.  $2.586M. 9% cap.

7.       Chuck E Cheese’s in Mobile, CA: 12,450 SF Chuck E. Cheese’s restaurant/entertainment center on 1.54 acres lot.  100% absolute NNN corp lease with 9 yrs remaining.  NOI $114K/yr. $1.424M. 8% cap.

8.       Kelly Moore Paints in Hayward, CA: 10,000 SF single-tenant retail center on .88 ac parcel.  15 yrs absolute NNN corp lease with 9 yrs remaining.  Kelly Moore has been at this location for 40 yrs.  NOI $134K/yr with CPI-based rent bump every 5 yrs not less than 10%.  $2.066M. 6.5% cap.

9.       Multi Family in Hayward, CA: portfolio of 9 single-family homes on separate parcels in high income San Francisco-Silicon Valley area.  100% occupied.  NOI $141K/yr. $1.975M. 7.53% cap.  Just over $200K/unit.

© Transmercial 2011.

FREE “How to invest in commercial real estate” seminar/webinar. 

Date: Sat June 25, 2011

Time: 8:55AM to noon PST

Place: Transmercial at 1340 Tully Rd.  suite 307.  San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).

Presenter: David Tran

This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:

• Compare commercial vs. residential investment properties.
• Commercial real estate terminology: cap rate, NOI, etc.
• Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
• How to choose a good investment property.
• Investment returns
• When is a best time to invest in commercial real estate?
• National demographic trends that may influence on where to invest
• Where should you invest?  
• Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
• Property Management issues.
• What you should know about financing for commercial properties.
• The offer process, due diligence.

Please use attached form for reservation for both seminar and webinar. Webinar instruction will be emailed 1 week before the presentation date.

06-09: Medical Office Building, Apartments, Check E. Cheese, CVS, Shopping centers, Mixed use, Office Building,

1.       Medical Office Building in Keller, TX: 3560 SF 3-yrs old single-tenant build to suit class-A dental office building in affluent Dallas suburbs (AHI $126K/yr).  20 yrs NNN- lease.  NOI $94K/yr with CPI rent increases every 3 yrs.  $1.05M. 8.95% cap.

2.       Apartments in Winston Salem, NC: 294-unit apartments in nine 3-story buildings on 16 acres lot in a stable area.  93% occupied.  NOI $700K/yr. $9.25M. 7.57% cap.

3.       Shopping Center in Sparks, NV: 116,171 SF neighborhood center on 12.9 acres lot at a major signalized intersection in high growth, high income Reno metro. Anchored by Scolari's Food and Drug, a regional tenant with 16 locations in CA and NV.  91% leased.  NOI $1.599M. $19.5M. 8.2% cap.

4.       Chuck E. Cheese’s in Indianapolis, IN: 12,820 SF well-maintained Chuck E. Cheese near I-465 and Castleton Square Mall in high income area.  10 yrs absolute NNN corp lease with 7 yrs remaining.  Tenant has been here since 1988.   NOI $157K/yr. with 5% rent bump in 2013. $1.962M. 8% cap.

5.       Retail center in Knoxville, TN: 20,496 SF retail center built in 1996 on 2.5 acres lot in a growing middle class area.  20 yrs NNN- lease from 1996 to 2 national tenants: CVS (has drive thru), and Advance Auto Parts. Stores with strong sales ($7.29M for CVS).  NOI $248K/yr. $3.1M. 8% cap.

6.       Retail center in Omaha, NE: 23,954 SF retail center built in 2004 on over 2 ac lot in affluent area (AHI $98K/yr in 1 mile).  100% NNN leased.  NOI $333K/yr.  $3.65M. 9.13% cap.  Buyer to assume $3.12M loan at 5.75% interest (just 12% down payment needed).

7.       Mixed Use in Hamden, CT: 13,920 SF mixed use property built in 1991 in New Haven metro.  Property consists of : 7500 SF retail on fist floor, 100% leased to 3 tenants, and eight 1BR apartments on 2^nd floor.  95% occupied.  NOI $96K/yr. $1.175M. 8.25% cap.

8.       CVS Pharmacy in Baytown, TX: 11,200 SF drug store in Houston suburbs.  20 yrs NNN- till 2016.  NOI $220K/yr with rare rent bump of $5280 every 5 yrs.  Store with $4.28M in sales (Low rent to sales ratios of 5.1%, i.e. very likely to be profitable location). $2.3M. 9.56% cap.

9.       Family Dollar in Tampa, FL: 8000 SF Family Dollar store under construction on .86 ac lot.  10 yrs NNN- corp lease.  NOI $167K/yr with rare rent bump in yr 6.  $2.096M. 8% cap.

10.   Office Building in Cary, NC: 27,150 SF class A office building on 2.18 acres parcel in growing & affluent Raleigh suburbs (AHI $94K/yr in 3 miles).  90% occupied.  NOI $280K/yr. $3.4M. 8.25% cap.

© Transmercial 2011.

06-08: Bally Total Fitness, The Learning Experience, Kinder Care, Jack in the Box

1.     Office Building in North Miami Beach, FL: 17,710 SF fully renovated multi-tenant class A  office building next to Hwy-1 & marina. NOI not avail.  100% leased. $3.75M.

2.     Shopping Center in Rancho Cordova, CA: 40,704 SF shopping center shadow-anchored by Fresh & Easy and O’Reilly Auto parts at a signalized corner location. With excellent national/regional tenant mix. 70% NNN leased. NOI $466K/yr. $6.5M. 7.18% Actual Cap. Upside potential when 100% leased.

3.     Retail Center in Ontario, CA: 45,075 SF recently renovated retail center with excellent visibility/adjacent to Fwy-60. Anchored by Sears Outlet.  NOI $675K/yr. $7.675M. 8.8% Cap.

4.     Retail Center in Apple Valley, CA: 4000 SF strip center built in 2007 on over 1 ac outparcel to Home Depot in Los Angeles suburbs. 71% NNN leased. Current NOI $102K/yr. $1.415M. 7.25% Actual Cap.

5.     Bally Total Fitness in Huntington Park, CA: 30,334 SF fitness center on 1.32 ac corner lot across from The Home Depot/Staples anchored center. Densely populated Los Angeles area with over 1M residents within 5 miles.  9-yrs remaining on NNN lease. NOI $627K/yr. $8M. 7.84% Cap.

6.     The Learning Experience in Apex, NC: brand new 10,000 SF single-tenant day care facility in fast growing and wealthy (AHI $89K/yr within 5-mile radius) Raleigh metro near US Hwy-64 and new I-540 Expressway. New 15 yrs NNN lease. NOI $247K/yr. with 12% rent increases every five years. $2.675M. 9.25% Cap.

7.     Kinder Care in Everett, WA: 9986 SF free-standing day care center built in 2003 on 1.27 ac lot in affluent (AHI $83K/yr. within 1-mile radius) city just North of Seattle. 100% NNN ground lease. NOI $98K/year with 20% rent increase in 2016 and 2021. $1.409M. 7% Cap. Buyer owns the land.

8.     Jack in the Box in Rock Hill, SC: 2814 SF fast food restaurant on 1.29 ac lot shadow-anchored by Food Lion grocery store at a busy corner lot location. 100% NNN lease. NOI $135K/yr. $1.8M. 7.54% Cap. 

© Transmercial 2011.

06-07: FREE Seminar. Office Building, Shopping Centers. DaVita

FREE “How to invest in commercial real estate” seminar/webinar. 

Date: Sat June 25, 2011

Time: 8:55AM to noon PST

Place: Transmercial at 1340 Tully Rd.  suite 307.  San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).

Presenter: David Tran

This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:

• Compare commercial vs. residential investment properties.
• Commercial real estate terminology: cap rate, NOI, etc.
• Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
• How to choose a good investment property.
• Investment returns
• When is a best time to invest in commercial real estate?
• National demographic trends that may influence on where to invest
• Where should you invest?  
• Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
• Property Management issues.
• What you should know about financing for commercial properties.
• The offer process, due diligence.

Please use attached form for reservation for both seminar and webinar. Webinar instruction will be emailed 1 week before the presentation date.

1.       Office Building in Wappingers Fall, NY: 50,972 SF 2-story office building on 3.66 acres lot in middle-class NY suburbs.  Anchored by 38,500 SF unit leased to Dutchess Community College.  82% leased.  Current NOI $433K/yr.  $5.5M.  8% cap.  Upside potential when 100% occupied.

2.       Shopping Center in Pittsburg, Ca: 9580 SF strip center built in 2007 on .79 ac outparcel to a shopping center anchored by Mi Pueblo Foods, a fast growing chain targeting fast growing Hispanics community segment.  Next to hwy 4 exit.  100% NNN leased to 5 mostly brand-name tenants.  NOI 335K/yr.  $4.585M. 7.31% cap.

3.       DaVita Dialysis Center in Dearborn, MI: 10,250 SF dialysis center in upper middle class area.  Tenant has been here since 1995. 100% NNN- leased with 7 yrs remaining.  NOI $226K/yr. $2.262M. 10% cap.  Recession resistant tenant.

4.       CVS anchored shopping center in Farmington Hills, MI: 26,600 SF retail center on 1.23 acres lot at a major intersection in affluent city (AHI $129K/yr in 3 miles).  Anchored by CVS pharmacy with 25 yrs absolute NNN ground lease.  NOI $568K/yr. $7.102M. 8% cap.

5.       Strip Mall in Manassas, VA: 6600 SF strip mall on .64 ac lot at an intersection in upper middle-class Washington DC suburbs.  100% leased. NOI $117K/yr. $1.3M. 9% cap.

6.       Retail Center in Fort Mill, SC: 18,000 SF retail center on 2.7 acres lot in fast growing Charlotte suburbs.  100% NNN leased.  NOI $356K/yr. $3.9M. 9.15% cap.

7.       Shopping Center in New Port Richey, FL: 14,000 SF 8-unit shopping center on 2.74 acres lot in front of Lowe’s and across from Home Depot, Kohl’s and Hobby Lobby in Tampa metro.  92% NNN leased to many brand name tenants.  NOI $318K/yr. $3.6M. 9% cap.

8.       Shopping Center in Katy, TX: 24,285 SF 7-yrs old shopping center in fast growing middle-class Houston suburbs.  100% NNN leased with low average rent of $15.60/SF (upside potential).  NOI $378K/yr. $3.789M. 10% cap.

9.       Shopping Center in Fresno, CA: 103,411 SF 14-unit shopping center next to Hwy 41 exit in a stable city.  Anchored by 67.259 SF Burlington Coat Factory and shadow anchored by Target. 98.8% occupied.  NOI $890K/yr. $10.835M. 8.25% cap.

© Transmercial 2011.

06-06: Dreyer Medical Clinic, Fresenius Medical Building, Total Wine & More, Shopping Centers

1.     Dreyer Medical Clinic in Aurora, IL: 38,873 SF high quality two-story medical clinic built in 1994. Tenant is a subsidiary of Advocate Heath Care. Currently in their 2^nd 10-yr term which stated in Aug 2004. 81% NNN leased. NOI $481K/yr with 3% annual rent increases. $5.25M. 9.17% Cap. Upside Potential.

2.     Fresenius Medical Building in Peoria, IL: 8652 SF Dialysis Center on 1.72 ac lot close to Proctor Hospital near Hwy-6/17 and I-74. Absolute NNN lease till 2015. NOI $235K/yr with 3% annual rent increases. $2.775M. 8.48% Cap.

3.     Total Wine & More in Alpharetta, GA: 20,450 SF retail building constructed in 2009 on 2.19 ac lot adjacent to North Point Mall near Hwy-19 in growing & affluent Atlanta metro. NNN lease till 2019. NOI $552K/yr with 10% rent increases every 5-yrs. $7.125M. 7.75% Cap. Store with strong sales of over $1,000/SF.

4.     Retail Building in Sacramento, CA: 11,014 SF retail building anchored by 7-Eleven at a hard corner location along busy boulevard near Hwy-80. 90% leased. NOI $208K/yr. $2.957M. 7.07% Cap.

5.     Retail Center in Palm Coast, FL: 7500 SF retail center on 1.05 ac lot at busy corner location with excellent ingress/egress. 100% leased. NOI $83K/yr. $1,47M. 8% Cap.

6.     Shopping Center in Lathrop, CA: 16,404 SF recently constructed shopping center next to Save Mart center with excellent visibility/next to I-5. 91% NNN leased. NOI $294K/yr. $3.8M. 7.8% Cap.

7.     Jack in the Box in Oakhurst, CA: 2692 SF newly constructed fast-food restaurant at dominant retail location. Gateway to Yosemite National Park (over 3.7M visitors a year. Percentage rent over 9.5% of gross sales. Long NNN lease. NOI $90K/yr with fixed increases every 5-yrs. $1.327M. 6.85% Cap.

8.     Shopping Center in Richmond, VA: 72,250 SF shopping center built in 1994 on over 5 ac lot near Chippenham Hospital. 93% leased. NOI $393K/yr. $5.25M. 7.5% Cap.

9.     Strip Center in North Richland Hills, TX: 13,510 SF strip center on 1.13 ac lot remodeled in 2006 near Loop-820 in Dallas-Fort Worth suburbs. 100% leased to long term tenants. NOI $166K/yr. $1.845M. 9% Cap.

10.  Shopping Center in Overland Park, KS: 59,000 SF one-year old beautiful shopping center on 7 ac lot. Shadow-anchored by Costco just south of Kansas City. 98% NNN leased. NOI $1.125M. $15M. 7.50% Cap.     

© Transmercial 2011.

06-03: Travelodge-Ambassador Hotel, CVS Pharmacy, Shopping Centers

1.     Travelodge-Ambassador Inn in Las Vegas, NV: 106-room well-maintained motel on 1.57 ac lot only one block from Las Vegas Strip adjacent to airport. NOI $435K/yr. $4M. 10.88% Cap.

2.     Office Building in Bloomington, IL: 19,060 SF 6-years old multi-tenant office building near Osf St Joseph Medical Center & Eastland Mall. 100% leased. $2.1M. 9.5% Cap.

3.     CVS Pharmacy in Roseville, CA: 15,791 SF free-standing/drive-thru drugstore built in 2009 in fast growing (118.65%) & well-off (AHI $90K/yr within 2-miles) Sacramento metro. 18-yrs remaining or original NNN lease. NOI $663K/yr with rare 15% rent increase in 2019 and 10% in 2024. $8.29M. 8% Cap.  Note: this is a not-yet opened location.

4.     Retail Center in Jonesboro, GA: 16,339 SF attractive retail c enter outparcel to Kmart at highly visible location along major boulevard. 100% leased. NOI $199K/yr. $1.950M. 10% Cap.

5.     Office Building in Baytown, TX: 18,193 SF recently renovated multi-tenant office building in close proximity to San Jacinto Methodist Hospital  in Houston suburbs. 96% leased. NOI $135K/yr. $1.5M. 9% Cap.

6.     Strip Center in Glen Cove, NY: 7200 strip center on .53 ac lot with excellent exposure in a prime North Shore location in New York metro. 90% leased. NOI $134K/yr. $1.625M. 8.25% Cap.

7.     Shopping Center in Summerfield, FL: 27,171 SF shopping center anchored by Office Depot across from Wal-Mart Supercenter with excellent access/visibility to US Hwy-441. 100% leased. NOI $549K/yr. $6.1M. 9% Cap. Buyer to assume $4.825M loan at 6% interest.

8.     Retail Center in Rancho Cucamonga, CA: 16,800 SF retail center close to a hard corner location in fast growing Los Angeles city. NOI $326K/yr. $4.5M. 7% Cap.

© Transmercial 2011

06-02: Office building, shopping centers, DaVita, CVS, surgical center, medical office building

1.     Office Building in High Point, NC: 50,000 SF three story office building constructed in 1990 in growing Greensboro suburbs. 100% NNN leased till 2016 to SunGard Public Sector, Inc. NOI $474K/yr. $5.45M. 8.7% Cap.  

2.     DaVita in Jacksonville, FL: 6141 SF medical building on .97 ac lot across from Regency Square Mall off of active passage. NNN- corp lease. NOI $124K/yr with annual rent increases. $1.46M. 8.5% Cap.

3.     CVS Pharmacy in Decatur, GA: 10,125 SF drug store built in 1999 on 1.5 ac lot near Decatur Hospital, DeKalb Medical Center and Georgia Regional Hospital.  Roughly 8½-years left on lease. NNN corp lease. NOI $212K/yr. $2.55M. 8.34% Cap.

4.     Strip Center in Las Vegas, NV: 13,727 SF well-maintained 10- units retail center built in 1996 off of US-95. 82.5% NNN leased. NOI $179K/yr. $2.190M. 8.2% Cap. Upside Potential.

5.     Shopping Center in Fairview Heights, IL: 59,398 SF 2-years old shopping center on 5.90 ac lot in Chicago metro.  Anchored by Jo-Ann Fabrics and next to Market Place, St Clair Square and Crossroads Center in St Louis suburbs. 100% NNNN leased by national tenants. NOI $625K/yr. $7.680M. 8.15% Cap.

6.     Ambulatory Surgical Center in Casa Grande, AZ: 6000 SF medical building adjacent to Casa Grande Regional Medical Center. NNN- leased till 2022. NOI $210K/yr. $2.4M. 8.75% Cap.

7.     Shopping Center in North Aurora, IL: 38,301 SF shopping center at a signalized corner location in Chicago suburbs. Strong local/regional/national tenant mix. NNN. NOI $297K/yr. $3.9M. 7.62% Cap.

8.     Strip Center in McKinney, TX: 18,960 SF strip center built in 1997 on 2.43 ac lot in fast growing (1,521.93%) and affluent (AHI $130K/yr) Dallas metro. 100% NNN leased. NOI $279K/yr. $3.291M. 8.5% Cap.

9.     Shopping Center in Memphis, TN: 23,000 SF shopping center at highly visible corner location. 84% leased by sixteen tenants. NOI $225K/yr. $2.149M. 10.50% Cap.

10.  Medical Office Building in Prescott, AZ: 9282 SF multi-tenant Class-A medical office building adjacent to Yavapai Regional Medical Center. 100% NNN leased. NOI $168K/yr. $1.875M. 8.5% Cap. 

© Transmercial 2011.