02-15: Burger King, Cash America, MOB, Smokey Bones, Applebee's, Family Dollar, Shopping centers

Welcome new investors.  Transmercial is the only company that offers this list of best properties to invest between $700K to $20M in 50 states.  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 to see how Transmercial selects the following properties among 300-400 properties on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing brokers.  If so, please help.

Below are the most commonly used acronyms:

• 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.  Burger King in Bakersfield, CA: 2850 SF restaurant built in 1991 on .68 ac outparcel to a shopping center anchored by Albertson supermarket, Rite Aid, and Dollar Tree.  High income area.  20 yrs absolute NNN lease to a franchisee with 7 units.  NOI $78K/yr with 10% rent bumps every 5 yrs.  Low rent to income ratio of 8%.  $1.2M. 6.5% cap. 
2. Cash America in Charlotte, NC: 7343 SF retail center on 1.2 ac lot at a major intersection and near Eastland Mall. New 10-yrs absolute NNN corp lease. NOI $99K/yr with 10% rent increase in yr 6. $1.287M. 7.75% cap. 
3. Medical Office Building in St. Paul, MN: 33,393 SF renovated medical office building on 2+ ac lot close to United Hospital. 100% absolute NNN corp lease with 16 yrs remaining to Meridian Behavioral Health LLC: profitable behavioral health and chemical dependency treatment provider.  NOI $268K/yr with annual rent increases. $3.18M. 9% cap.  
4. Smokey Bones Bar & Fire Grill in Tampa, FL:6961 SF sit-down restaurant built in 2002 on 1.80 acres between Westfield Citrus Park Mall and Citrus Plaza: anchored by Staples, PetSmart, Bed Bath and Beyond, & Sports Authority. 100% absolute NNN corp lease till 2027. NOI $228K/yr with 1.75% or CPI annual rent increases. $3.5M. 7.5% cap. Brochure upon request. 
5. Applebee’s in Roanoke, VA: 5127 SF casual dining restaurant built in 2007 on 1.44 ac lot outparcel to Lowe’s and Wal-Mart Supercenter along busy thoroughfare. 100% NNN lease. NOI $212K/yr. $2.83M. 7.5% cap.  
6. Walgreen’s in Hesperia, CA: 15,120 SF 24-Hours Walgreen’s built in 2002 on 1.10 ac lot near Desert Valley Hospital. In growing and middle-class Southern CA City. 100% NNN leased to credit tenant. $420K/yr. $6.725M. 6.25% cap.  
7. Family Dollar in San Antonio, TX: 9180 SF newly constructed retail building on 1.12 ac lot  near Fwy-151 in fast growing & high income area. 100% NNN lease. NOI $115K/yr with rare rent increase in yr 6. $1.536M. 7.5% cap. 
8. Strip Center in Clive, IA: 8256 SF Class-A retail center built in 2006 on a corner lot anchored by Starbucks & next to I-35/80. In growing and affluent (AHI $181K/yr within 1-mile) Des Moines suburbs. 100% NNN leased. NOI $196K/yr. $2.45M. 8% cap. 
9. Staples & Smart & Final in Reno, NV: 50,300 SF big-box retail building constructed in 2009 across from a 500,000 SF planned Power Center. 100% NNN corp leases to Staples and Smart & Final grocery. NOI $906K/yr. $12.5M. 7.25% cap.  
10. Inline Center in Pomona, CA: 7224 SF well-maintained center on .52 ac lot at a busy corner location in densely populated Los Angeles suburbs. 100% NNN leased. NOI $127K/yr. $2.5M. 6.23% cap.

© Transmercial 2012.

02-14: R&D, shopping centers

1. R&D Office building in Cupertino, CA: 91,195 SF R&D office building on 5.8 ac lot adjacent to the proposed 3.42 Million SF Apple Corporate Campus in a city with 0%  vacancy for R&D office spaces.  100% NNN leased to Apple, Inc. (market cap of $415 Billion) till 2021.  NOI $1.07M with 3% annual rent bumps.  Low rent of less than $1/SF/month.  Unpriced. 
2. Shopping Center in Elk Grove, CA: 33,979 SF 15-unit shopping center built in 1999 anchored by Big 5 Sporting Goods, Taco Bell and O’Reilly Auto Parts. In well-off (AHI $83K/yr) Sacramento suburbs. 93% leased. Current NOI $547K/yr. $7M. 7.82% cap. 
3. Retail Center in Madison, WI: 10,730 SF retail center built in 2001 on 1.44 ac lot across from 918,912 SF West Towne Mall & near Hwy-14/12. 100% leased to national/regional tenants: Starbucks, Scottrade, 2^nd Wind Sports and Stanton Optical. Excellent demographics: growing and high income area.  NOI $208K/yr. $2.475M. 8.42% cap. 
4. Retail Center in Rohnert Park, CA: 18,720 SF well-maintained 12-unit retail center on over 3 acres lot  across from Sonoma State University. In growing & high income town North of San Francisco. 90% leased. Tenants include Starbucks, Quiznos and other regional tenants.  NOI $374K/yr. $4.75M. 7.89% Proforma Cap. 
5. Shopping Center in Westminster, CO: 95,791 SF recently remodeled shopping center on 11.85 acres of land anchored by Safeway Supermarket in well-off (AHI $91K/yr) Denver metro. 88% NNN leased. NOI $870K/yr. $12M. 7.25% cap. 
6. Retail Buildings in Mesa, AZ: 10,270 SF inline retail buildings on over 2 acres lot shadow-anchored by Albertsons Grocery Store at a signalized location close to Fwy-60/202. 100% leased to 6 tenants including Chase Bank, Starbucks, and State Farm. NOI $238K/yr. $2.8M. 8.5% cap. 
7. Shopping Center in North Richland Hills, TX: 29,400 SF shopping center on 2.36 ac lot next to I-820 in Dallas/Ft. Worth metro. 84% leased. NOI $280K/yr. $3.5M. 8% cap.

© Transmercial 2012.

02-13: Big Lots!, Apartments, Tutor Time, Retail Center, Christian Brothers Auto

1. Big Lots in Whittier, CA: 35000 SF single-tenant retail center on 3.59 ac lot in densely-populated city in Los Angeles.  Across from 433,000 SF power center anchored by Old Navy, Ralph's, Ross, TJ Maxx and more. 100% NNN lease to Big Lots!  NOI $467K/yr. $7.03M. 6.65% cap. 
2. Apartments in Walnut Creek, CA: 16-unit all 2BR-1BA apartments in affluent Northern CA city (AHI $128K/yr in 1 mile).  Amenities include central air, pool, laundry facility and a management office.  100% occupied.  NOI $163K/yr. $2.64M. 6.2% cap. 
3. Tutor Time in Mooresville, NC: 10,160 SF childcare center built in 2002 on 1.97 ac lot in fat growing and affluent Charlotte suburbs.  100% NNN- lease with 11 yrs left.  NOI $238K/yr. with annual rent bump and minimal landlord responsibilities.  $2.646M. 9% cap. 
4. Retail center in Columbus, OH: 9159 SF retail center on a corner signalized location in front of a Kohl's department store in fast growing & affluent area (AHI $106K/yr in 1 mile).  Tenants include Panera Bread, Massage Envy, China Express. NOI $168K/yr.  $1.986M. 8.5% cap. 
5. Christian Brothers Auto in St Louis, MO: 4922 SF auto service center built in 2008 on .69 ac lot in high income area (AHI $102K/yr).  15 yrs absolute NNN lease to CBA, a growing national tenant.  NOI $146K/yr with 1.5% annual rent bumps. $1.78M. 8.25% cap.

© Transmercial 2012.

02-10: Firestone Complete Auto Care, Dollar General, Sam's Club, Rite Aid

1. Firestone Complete Auto Care in Madison, WI: 9000 SF auto repair shop adjacent to West Towne Mall in growing and well-off area with AHI $85K/yr in 1 mile. 100% NNN lease to credit tenant. NOI $221K/yr. $3.158M. 7% cap.  
2. Dollar General (S&P BB+) in Chicago, IL: 9500 SF recently renovated retail building at a hard corner and across from a center anchored by Walgreen’s. NNN- corp lease till 2021. NOI $124K/yr. $1.66M. 7.5% cap. 
3. Retail Center in Bakersfield, CA: 8400 SF inline retail center built in 2000 on 2.74 ac lot anchored by Albertson’s Supermarket along Hwy-58. In growing (91.85% since 2000) & affluent (AHI $130K/yr in 1-mile) neighborhood. 100% NNN leased. NOI $167K/yr. $1.88M. 9% cap.  
4. Rite Aid in La Vergne, TN: 14,564 SF double-dive thru drug store built in 2009 on 1.62 ac lot with 20+% annual sales growth. At hard corner  in Nashville fast growing suburbs. 20 yrs absolute NNN lease with 17+ yrs left. NOI $461K/yr with 10% rent increase in 2019. $5.125M. 9% cap.  
5. Office Building in San Jose, CA: 4194 SF multi-tenant 2-story office building on .41 ac lot next to busy Bascom Ave. In the center of high-tech Silicon Valley with easy access to Hwy-17. Flexible leases with existing tenants. $1.175M. Ideal for owner user. 
6. Office Building in Albuquerque, NM: 12,928 SF newly remodeled office building along busy (25,100 cars/day) Blvd. 65% leased. NOI $133K/yr. $1.486M. 9% cap. Upside potential. 
7. Neighborhood Center in Pearland, TX: 67,241 SF shopping center built in 2009 on 6.60 acres shadow-anchored by 100,000 SF Kroger Supermarket. In fast growing and well-off (AHI $121K/yr in 1 mile) Houston metro. 95% NNN leased. NOI $1.136M. $15.15M. 7.5% cap.  
8. Sam’s Club in Citrus Heights, CA: 113,298 SF retail building on 13 acres of land in fast growing Sacramento suburbs. Long absolute NNN ground lease (sale of land only)) occupied by national tenant. NOI $950K/yr. $15.3M. 6.21% cap. Buyer to assume $7.626M loan at low 4.93% rate.  
9. Strip Center in National City, CA: 12,940 SF strip center renovated in 2006 on 1.35 ac lot adjacent to Wal-Mart Supercenter in densely populated Southern CA city. 100% leased with national/regional tenants: Sprint, Wing Stop, USA Checks Cashed, Mother’s Nutritional Center, H&R Block and Patriot Auto. NOI $333K/yr. $4.75M. 7.03% cap.

© Transmercial 2012