03-15: IHOP, Wendy's, 7-Eleven, Retail centers for sale

1. Shopping center in Cedar Hills, TX: 11,162 SF 6-yrs old shopping center on 1.42 ac lot in middle-class Dallas suburbs.  Shadow anchored by JCPenny and across from 24-Hr Fitness and Cinemark Theatre.  100% NNN leased to 4 tenants.  NOI $181K/yr. $2.2M. 8.25% cap. 
2. Strip mall in Indianapolis, IN: 5200 SF strip center built in 2008 on .64 ac lot in high income area with easy access to I-65.  Next to LA Fitness.  100% NNN corp leased to Aspen Dental and Subway.  NOI $135K/yr. $1.686M. 8% cap. 
3. Retail center in Baytown, TX: 5000 SF retail center built in 1999 on an outparcel of 100-store San Jacinto Mall in Houston metro.  100% leased.  NOI $90K/yr. $1.1M. 8.18% cap. 
4. IHOP in Garden Grove, CA: 2170 SF IHOP across from a power center with Regal Cinemas, PetsMart, Ross, Party city, Dollar Tree, and Hometown Buffet in high income Orange county. Tenant has been here over 30 yrs.  100% absolute NNN leased till 2017 with no more options left (upside potential).  NOI $85K/yr. $1.56M. 5.5% cap. 
5. Wendy’s in Mundy Township, MI: 2997 SF restaurant in Flint metro. New 20 yrs absolute NNN lease.  NOI $90K/yr. $1.091M. 8.25% cap. 
6. 7-Eleven in Las Vegas, NV: 2100 SF 7-eleven store on .4 ac lot at the intersection of 2 major arteries in densely-populated area.  100% absolute NNN lease with 4 yrs left.  NOI $60K/yr. $875K. 6.86% cap. 
7. Retail Plaza in Lawndale, CA: 12,085 SF retail center in upper middle-class city in LA county.  1 block from South Bay Galleria Mall anchored by Macy’s, Kohl’s, and Nordstrom. 100% occupied.  NOI $123K/yr. $2.25M. 5.5.% cap.

© Transmercial 2013

03-14: Denny's Restaurant, DaVita Dialysis, A Tooth Doctor for Kids, Medical Condo

1. Denny’s Restaurant in Coon Rapids, MN: 5235 SF Denny’s Restaurant built in 1998 on .89 ac lot in growing Minneapolis suburbs. Across from Walmart center. Near 941,336 SF Riverdale Village, an outdoor mall with over 75 stores and Hwy-10/47. 100% absolute NNN lease with 10 yrs left to strong operator with 9 units. NOI $144K/yr. $1.645M. 8.75% cap.
2. MOB in Apple Valley, CA: 10,640 SF 2-story well-maintained medical office building constructed in 1990 on .56 ac lot in growing and high income area.  One block from 186-bed Saint Mary Medical Center.  80% leased to five tenants. Proforma NOI $89K/yr. $1.149M. 7.8% proforma cap.
3. Office Building in Worthington, OH: 46,140 SF attractive office building constructed in 1988 in fast growing and high income Columbus suburbs. 94% NNN leased to Absolute Care, Gaylor, Paychex and Guardian. NOI $212K/yr. $2.375M. 9% cap.
4. DaVita Dialysis in Edwardsville, IL: 3700 SF recently re-developed dialysis center on .50 ac lot in high income St Louis suburbs. 10 yrs NNN- lease with 5 yrs left. NOI $65K/yr. $838K. 7.80% cap.
5. Napa Auto Parts in Sheridan, CO: 9000 SF autoparts center built in 2006 on .84 ac lot in growing Denver metro. 100% NNN corp lease with 4 yrs left. NOI $95K/yr. $1.35M. 7.11% cap.
6. A Tooth Doctor for Kids in Phoenix, AZ: 8094 SF well-kept single-tenant dental office building on .64 ac lot at a hard corner location in densely populated area with over 460,000 residents in 5 mile radius. Close to 232-bed Maryvale Hospital. 100% NNN leased with 4 yrs left to national tenant with 278 offices. NOI $139K/yr. $1.854M. 7.50% cap.
7. Retail Center in Escondido, CA: 6525 SF complex consisting of four separate retail buildings on .89 ac lot at a signalized intersection in upper middle class San Diego suburbs. 100% leased to long term tenants. NOI $58K/yr. $1.1M. 5.33% cap.
8. Medical Condo in Milpitas, CA: 2654 SF Class-A medical office condo with its own parcel built in 2000 with excellent visibility to Montague Expy, a major retail corridor. Close to Great Mall and I-680. Excellent for owner user! Only $790K.
9. Office Building in Rocklin, CA: 12,558 SF well-maintained office building on 1 ac lot in fast growing and high income (AHI $91K/yr in 3 mile) Sacramento suburbs. Close to I-80. 74% leased. NOI $95K/yr. $1.25M. 7.60% cap.

© Transmercial 2013

03-13: Carino's Italian Grill, Firestone Tire & Rubber, REO'ed Shopping Center

Welcome new investors.  Transmercial is the only company that offers this list of best properties 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 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. Retail Center in Folsom, CA: 4200 SF attractive retail center outparcel to Fresh & Easy in affluent (AHI $143K/yr in 1 mile) Sacramento suburbs. Across from Raley’s grocery center. NNN leased. NOI $127K/yr. $1.35M. 9.40% cap.
2. Retail Center in Goodyear, AZ: 13,868-SF property consisting of two retail buildings constructed in 2009 on 1.68 ac lot on a major corridor in fast growing and high income Phoenix suburbs. Across from Estrella Mountain Community College. 84% leased. NOI $213K/yr. $2.7M. 7.90% cap.
3. Strip Center in Chandler, AZ: 5372 SF recently constructed strip center on .40 ac outparcel to Bashas’ grocery & Petco center in Phoenix suburbs. Close to 1,300,000 SF Chandler Fashion Center with more than 180 stores. 100% NNN leased to The Hungry Monk and Driving MBA, a local driver training facility. NOI $130K/yr. $1.7M. 7.70% cap.
4. Restaurant in Palm Beach Gardens, FL: 4520 SF well maintained restaurant built in 2004 on over 1 ac lot on a major retail artery. Close to I-95. Across from Costco, Lowe’s, Target and near 264,667 SF Northlake Commons power center with Home Depot and Ross Dress For Less. 100% NNN leased with 8 yrs left to Quarterdeck Seafood Bar & Grill. NOI $100K/yr. $1.2M. 8% cap.
5. Retail Center in Tucson, AZ: 15,332 SF retail center built in 2006 on a main thoroughfare. Next to Walgreen’s and close to I-10.  NOI $324K/yr. $4.05M. 8% cap.
6. Carino’s Italian Grill in Longmont, CO: 6938 SF Italian restaurant on 1 ac lot in growing & affluent Denver’s suburbs (AHI $104K/yr).  Across from Twin Peaks Mall.  100% absolute NNN corp lease with 4 yrs left to Carino’s Italian Grill, a regional chain.  NOI $152K/yr. Price reduced to $1.521M. 10% cap.
7. Shopping Center in Brownstown Township, MI: 36,168 SF attractive shopping center on 4.65 ac lot in upper middle class Detroit metro.  Anchored by CVS pharmacy. Across from Kroger center and near Henry Ford Health Center. 100% NNN leased to excellent tenants mix. NOI $412K/yr. $4.714M. 8.75% cap.
8. REO’ed Shopping Center in Rowlett, TX: 45,527 SF well-maintained shopping center on 5.75 ac lot at a signalized location & in high income Dallas suburbs (AHI $83K/yr in 1 mile). Shadow anchored by Albertsons grocery. Near 112-bed Lake Pointe Medical Center. 81% leased. NOI $509K/yr. $7.025M. 7.25% cap. Huge upside potential when fully leased.
9. Firestone Tire & Rubber in Lisle, IL: 8800 SF recently improved auto care center on 1.40 ac lot I affluent (AHI $113K/yr) Chicago metro. Close to I-88. 100% NNN corp long lease. NOI $123K/yr. $1.907M. 6.50% cap.
10. Retail Center in Henderson, NV: 8977 SF retail center built in 2004 on nearly 1 ac lot anchored by Verizon Wireless. Across from Galleria at Sunset Mall and near I-515. 100% leased. NOI $224K/yr. $3.2M. 7% cap.

© Transmercial 2013

03-12: The Learning Experience, Tanner's Bar & Grill, Popeye's, Jiffy Lube

1. The Learning Experience in Parker, CO: 11,000 SF newly constructed childcare center on over 1 ac lot in fast growing & affluent Denver suburbs (AHI $109K/yr).  15 yrs NNN- lease to The Learning Experience, a childcare provider with over 200 locations in 28 states. NOI $282K/yr with 10% rent bumps every 5 yrs.  $3.135M. 9% cap.
2. Neighborhood Center in Santa Clarita, CA: 77,647 SF well maintained shopping center built in 1998 on 9+ acres of land in high income neighborhood in Southern California. Anchored by Edwards Theatres, currently running over 6621 screens in 524 locations.  NOI $1.455M/yr. $18.5M. 7.9% cap.
3. Retail Center in Rocklin, CA: 10,660 SF attractive retail center on 1 ac lot in growing and high income Sacramento suburbs. Next to Hwy-65. Close to Galleria Mall and Stanford Crossing Power Center with Sprouts Farmers Market, Ross, Home Depot, Jo-Ann Fabrics and Crafts and Guitar Center. 80% NNN leased. NOI $116K/yr. $1.505M. 7.71% cap. Upside potential when fully leased.
4. Tanner’s Bar & Grill in Kansas City, MO: 6000 SF Tanner’s Bar & Brill Restaurant on 1.41 ac corner lot on a major artery in growing and high income (AHI $89K/yr in 3 mile) area. Across from Walmart Supercenter and near I-35. New 5 yrs absolute NNN lease to a regional tenant. NOI $90K/yr. $1M. 9% cap.
5. Popeye’s in Lawrenceville, GA: 2382 SF Popeye’s restaurant along major retail corridor in fast growing Atlanta metro. New 15 yr NNN ground lease (land for sale) to strong franchisee with 14 units. NOI $111K/yr with unusual 20% increase in yr 11. $1.645M. 6.75% cap.  This is a sale & leaseback investment.
6. Strip Center in Redding, CA: 5515 SF attractive strip center on 1 ac lot in a growing middle class city in Northern California.  Off of Hwy-273. 100% NNN leased to Starbucks, Edward Jones, Baja Burrito and Good Will. NOI $178K/yr. $2.224M. 8% cap.
7. Neighborhood Center in Orlando, FL: 143,132 SF well kept shopping center on over 14 acres of land at a hard corner location. Anchored by Winn Dixie grocery (regional tenant) including four outparcels ground leased to McDonalds, KFC//Taco Bell, Bank of America and Valvoline Oil. 82% leased. NOI$817K/yr. $9.5M. 8.60% cap.
8. Shopping Center in Oak Harbor, WA: 72,104 SF well maintained shopping center on 6+ ac lot anchored by Saar’s Market Place grocery in a growing community just North of Seattle. 98% leased. NOI $735K/yr. $9.49M. 7.75% cap.
9. Jiffy Lube in Independence, MO: 4,073 SF Jiffy Lube three-bay auto center built in 2004 on .52 ac lot in growing and affluent (AHI $114K/yr in 1 mile) Kansas City suburbs. 20 yrs absolute NNN lease with 11 yrs left to largest franchisee with over 500 units. NOI $96K/yr with rent bumps every 5 yrs. $1.13M. 8.50% cap.

© Transmercial 2013

03-11: Pier 1 Imports, KFC, Wendy's, MOB, Retail/Office complex

1. Pier 1 Imports in Lake Charles, LA: 9460 SF single tenant retail building constructed in 2002 on 1 ac outparcel to Prien Lake Mall and off/on ramp I-210. 100% NNN- lease with 9+ yrs left. NOI $171K/yr with 10% rent bumps every 5 yrs. $2.443M. 7% cap.
2. Medical & Professional Building in Cypress, TX: 24,616 SF Class-A building constructed in 2006 in fast growing and high income (AHI $112K/yr in 3 mile radius) Houston suburbs. 100% NNN leased to strong medical & professional tenants. NOI $487K/yr. $6.5M. 7.50% cap.
3. Retail Center in Sausalito, CA: 9766 SF consisting of two well maintained retail buildings on .48 ac lot in high income (AHI $161K/yr in 3 mile) and stable city North of San Francisco. Close to Hwy-101. 92% leased to Dario’s Pizza, Hairstylist, Nail salon, Esthetician, Permanent makeup and offices. NOI $136K/yr. $2.6M. 5.30% cap.
4. Retail/Office Center in Sunnyvale, CA: 51,000 SF consisting of 3 buildings; 2 single story retail buildings and 1 two-story retail/office building on 3.72 ac lot with frontage on Lawrence Expy, a prime corridor. Excellent demographics: AHI of $101K/yr within 2 miles in Silicon Valley. High barrier to entry. 85% leased. NOI $633K/yr. $12.5M. 5.07% cap.
5. KFC in Summerville, SC: 2686 SF attractive KFC restaurant on .89 ac lot at main retail corridor in North Charleston suburbs. New 20 yrs NNN lease to an experienced franchisee with 10 units. NOI $75K/yr with 10% rent increases every 5 yrs. $1.115M. 6.75% cap.
6. Golden Corral in McKinney, TX: 9934 Golden Corral Buffet Restaurant built in 1999 on 1.68 ac lot next to & visible to Hwy-121/75. In fast growing and high income (AHI $89K/yr) Dallas suburbs. New 15 yrs absolute NNN lease to largest franchisee with over 380 units. This is a sale leaseback investment.  NOI $190K/yr with 10% rent increases every 5 yrs. $2.375M. 8% cap.
7. Wendy’s in Tampa, FL: 3600 SF Wendy’s restaurant on .86 ac lot at major retail corridor. Across from Sweetbay Supermarket center. 100% NNN corp ground lease (land is for sale) with 8+ left. NOI $75K/yr with 10% rent bumps every 5 yrs. $1.215M. 6.20% cap.
8. MOB in Louisville, KY: 26,302 SF Class B medical office building on 2+ ac lot in densely populated and upper middle class neighborhood. Next to I-264, near 373-bed Norton Suburban Hospital, 150-bed Baptist Hospital East and I-64.  100% NNN leased to medical tenants. NOI $288K/yr. $3.395M. 8.50% cap.
9. Retail Building in Gilbert, AZ: 6501 SF attractive retail building constructed in 1998 on 1.31 ac lot in high income Phoenix suburbs. 100% NNN leased to Brugger’s Bagels and Arizona Wilderness Brewing. $1.25M. NOI/Cap not provided.

© Transmercial 2013