06-14: surgery center, Walgreens, O'Reilly, Jiffy Lube, BWW, Retail centers

1. Surgery Center in Scottsdale, AZ: 21,674 SF surgery center built in 2000 and improved in 2010 on 2.14 ac lot in affluent (AHI $101K/yr in 1 mile) Phoenix suburbs.  Near 433-bed Scottsdale Healthcare Shea medical center and Kindred hospital.  Easy access to Loop 101.  100% NNN ground lease till 2015 to Surgery Center of Scottsdale (land is for sale with expensive surgery center reverts to landowner should tenant unlikely not renew lease).  NOI $148K/yr. $2.35M. 6.31% cap.  Note: when lease expires in 2015, tenant has to exercise a 15-yr renewal. 
2. Shopping Center in Peachtree, GA: 18,472 SF 10-unit shopping center built in 2001 on 2.22 ac lot in an affluent city (AHI $114K/yr) in Atlanta suburbs. 84% NNN leased.  Current NOI $257K/yr.  $3.1M.  8.3% cap.  Upside potential when fully leased. 
3. Retail Center in Fort Worth, TX: 18,873 SF mature center on 1.15 ac lot in high income area with easy access to I-30.  100% leased.  NOI $230K/yr. $2.71M. 8.5% cap. 
4. Retail Center in Grosse Pointe Woods, MI: 6072 SF single-tenant retail center in high income Detroit suburbs near Lake St Clair.  100% NNN leased to Better Health market, a regional tenant with 13 locations.  NOI $120K/yr with 10% rent bumps every 5 yr option.  $1.175M. 10.21% cap. 
5. Shopping Center in Panama City, FL: 38,552 SF shopping center on 5.4 ac lot in a coastal city.  93% leased.  Current NOI $380K/yr. $4.327M. 8.78% cap.  
6. Walgreens in McAllen, TX: 13,029 SF drug store built in 1993 on 1.57 ac lot.  Walgreen just renewed 5 yr option.  NOI $170K/yr. $2.129M. 8% cap. 
7. O’Reilly Auto Parts in Dublin, CA: 8050 SF auto parts store on .7 ac lot in well-off San Francisco metro.  Easy access to I-580 & I-680.  20 yrs absolute NNN lease with 5 yrs left.  NOI $151K/yr.  $2.241M. 6.75% cap. 
8. Jiffy Lube in Orlando, FL: 2572 SF 3-bay Jiffy Lube built in 1996 on 1/3 ac lot.  20 yrs NNN lease to an operator with 8 locations.  NOI $53K/yr with 2% annual rent bumps.  $738K.  7.25% cap. 
9. Buffalo Wild Wing in Cedar Park, TX: 6000 SF BWW restaurant built in 2008 in high income Austin suburbs.  15 yrs NNN lease with 10 yrs left.  NOI $244K/yr with 10% rent bumps every 5 yrs.  $3.253M. 7.5% cap.  
10. Strip Mall in Lansing, MI: 9400 SF 10 yrs old strip mall on 1 ac lot.  Anchored by Aaron’s.  100% leased.  NOI $101K/yr. $1.071M. 9.5% cap.

© Transmercial 2013

06-13: Red Lobster, Rite Aid, Johnny's Carino's, REO'ed Center

1. Retail Center in Houston, TX: 12,000 SF attractive retail center built in 2008 on 1.34 ac lot at a signalized intersection in fast growing area. Close to 339-bed Houston Northwest Medical Center and I-45. 100% NNN leased to eight tenants. NOI $215K/yr. $2.6M. 8.30% cap.
2. Strip Center in Madison, MS: 5818 SF strip center built in 1997 on 2 ac outparcel to Lowe’s & in an affluent neighborhood with and AHI of $115K/yr within 3 mile radius. Across from Walmart Supercenter and near I-55. 100% NNN leased to Cups An Espresso Café, FedEx Office and Neblett’s Framing. NOI $116K/yr. $1.529M. 7.59% cap.
3. Rite Aid in Palm Desert, CA: 17,272 SF drug store built in 2006 on 1.78 ac lot in high income (AHI  $93K/yr in 3 mile) Riverside County. Across from Eisenhower Health Center.  20 yrs NNN corp lease with 13+ yrs left.  NOI $525K/yr. $7.245M. 7.25% cap.
4. Red Lobster in Montclair, CA: 6233 SF Red Lobster restaurant outparcel to Montclair Plaza, a 1,2000,000 SF Regional Mall in San Bernardino County. Irreplaceable location.  Near I-10. 25 yrs absolute NNN corp lease with 2 yrs left. NOI $162K/yr. $3.2M. 5.06% cap.
5. Macayo’s Mexican Restaurant in Tucson, AZ: 8065 SF well kept restaurant in high income area (AHI of $86K/yr in 1 mile) along major retail corridor. 100% NNN lease with 7 yrs left to a regional  chain with 14 locations. NOI $184K/yr. $2.195M. 8.42% cap.
6. Retail Center in Everett, WA: 10,683 SF retail center built in 2005 on .66 ac lot in fast growing Seattle suburbs. Next to Everett Mall and near I-5. 93% NNN leased with 1 avail unit. Current NOI $241K/yr. $2.9M. 7.68% cap.  Upside potential when 100% leased.
7. REO’ed shopping Center in Oceanside, CA: 36,295 SF bank-owned shopping center built in 2009 on 3.81 ac lot in growing and high income coastal town North of San Diego. 90% leased. NOI $770K/yr. $11M. 7% cap.
8. Condominiums in Irving, TX: 54-unit condominium complex on 3+ ac lot in fast growing Fort Worth/Dallas metro. Close to shopping centers, parks and Highways. 98% occupied. NOI $255K/yr. $3M. 8.50% cap.
9. Johnny Carino’s in Lake Charles, LA: 6532 SF Italian Restaurant built in 2003 on 1.57 ac lot at major retail artery. Next to Lowe’s, across from Walmart Supercenter and close to I-210. 17 yrs absolute NNN corp lease with 7+ yrs left. NOI $173K/yr with 1% annual rent bumps. $2.105M. 8.25% cap.
10. Retail Center in Johns Creek, GA: 22,900 SF retail center built in 2003 in growing and affluent (AHI $140K/yr in 3 mile) Atlanta suburbs. Across from Kroger grocery center. 100% leased. NOI $247K/yr. $3M. 8.25% cap.

© Transmercial 2013

06-12: Office Buildings, Shopping Centers, Retail Centers, MOB, Apartment Complex

1. Shopping Center in Richardson, TX: 63,952 SF distinctive shopping center on 7+ ac lot in growing and affluent (AHI $103/yr in 1 mile) Dallas suburbs. 90% leased with mostly NNN leases. NOI $720K/yr. $8M. 9% cap. Upside potential when fully leased.
2. Retail Center in Fort Worth, TX: 4,742 SF retail center and a freestanding 2,500 SF drive-thru Taco Bueno restaurant completed in 2007 on 1.22 ac outparcel to The Home Depot in a fast growing area. Close to 208,000 SF Walmart Supercenter and I-820. 86% NNN leased to First Cash, Edward Jones, Taco Bueno and Little Caesar’s with a small vacant unit.  Proforma NOI $177K/yr. $1.977M. 8.99% pro forma cap.
3. Office Building in Santa Rosa, CA: 9852 SF well maintained office buildings on .85 ac lot in upper middle class area North of San Francisco. Close to Coddingtown Mall and Hwy-101. 100% leased to six tenants. NOI $83K/yr. $1.1M. 7.60% cap.
4. Retail Center in Huntington Park, CA: 4679 SF retail center built in 1997 lot at a corner location and in densely populated area with over 1,000,000 residents within 5 miles. 100% NNN leased to four tenants. NOI $71K/yr. $875K. 8.16% cap. Perfect for 1^st time investor!
5. Strip Center in Plainfield, IL: 9973 SF attractive strip center on nearly 1 ac corner lot in fast growing and high income (AHI $108K/yr in 3 mile) Chicago suburbs. Shadow anchored by recently remodeled Target and across from Walmart Supercenter. 100% leased to Chipotle, Yumz Yogurt, AT&T, Which Wich and Burning Leaf Cigar. NOI $243K/yr. $3.6M. 6.7% cap.
6. Retail Building in Chandler, AZ: 5372 SF attractive 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 and Chandler Regional Medical Center. 100% NNN leased to The Hungry Monk and Driving MBA, a local driver training facility. NOI $130K/yr. $1.612M. 8.10% cap.
7. Shopping Center in Sacramento, CA: 64,171 SF well maintained shopping center on 4.63 ac lot at a hard corner.  Anchored by Food Source Grocery. Close to Kaiser Permanente Medical center and Hwy-99. 100% leased. NOI $531K/yr. $6.6M. 8.05% cap.
8. MOB in Las Vegas, NV: 51,646 SF Class-A medical office building on 4½ ac lot in high income area with an AHI of $101K/y in 1 mile. 95% leased to multiple tenants. NOI $676K/yr. $9.661M. 7% cap.
9. Apartments in Houston, TX: 62-units well maintained apartment complex on 1+ ac lot in growing and affluent neighborhood with an AHI of $116K/yr within 3 mile.  100% occupancy. NOI $372K/yr. $4.65M. 8% cap.
10. Shopping Center in Hoffman Estates, IL: 21,000 SF attractive shopping center at a main retail corridor in high income Chicago metro. Adjacent to Mercedes, Audi, Infiniti, and Toyota Dealerships. Near Barrington Square Mall and 339-bed Hoffman Estates Medical Center. 90% leased. NOI $267K/yr. $2.892M. 9.25% cap.

© Transmercial 2013

06-11: TIC ownership property, MOB, Apartments, Retail Centers

1. Shopping Center in Houston, TX: 23,024 SF L-shaped shopping center on 1.49 ac lot at a major retail corridor and in high income area. NNN leases. NOI $171K/yr. $1.71M. 10% cap.
2. Apartments in Lawrenceville, GA: 170-units 194,272 SF attractive apartment complex built in 1981 on 16+ ac lot in fast growing and high income Atlanta metro. Close to schools, shopping centers and I-85. Recent renovations throughout the property. 94% average occupied. NOI $648K/yr. $9.8M. 6.62% cap.
3. MOB in Florence, KY: 18,283 SF medical office building renovated in 2007 on 1.71 ac corner lot in Cincinnati metro.  Anchored by 12,323 SF Fresenius Dialysis.  100% leased to 3 medical tenants.  NOI $293K/yr. Price reduced from $3.4M to $3.125M. 9.41% cap.
4. MOB in Bradenton, FL: 6,000 SF well kept medical office building on .63 ac lot at a busy corridor. Next to 24-hr Walgreens and across from Publix, Bealls & 24-hr CVS pharmacy.  15 yrs NNN- corp lease with 12+ yrs left to Hospital Corporation of America (NYSE: HCA), the largest private operator of health care facilities in the world. NOI $84K/yr with 3% annual rent bumps. $1.25M. 6.75% cap. Buyer to assume $667K loan at 6.37% interest rate.
5. MOB in Canfield, OH: 10,448 SF Class-A medical office building on 1.40 ac lot growing and affluent city with an AHI of $108K/yr in 1 mile. Close to I-76. 100% leased to medical tenants. $950K.  NOI/Cap not provided.
6. Shopping Center in Missouri City, TX: 29,910 SF attractive shopping center built in 2005 on 2.88 ac lot along main retail corridor in high income (AHI $109K/yr) area in Houston metro. Across from Power Center anchored by Target & Kohl’s, Home Depot and PetSmart. NOI $458K/yr. $5.5M. 8.5% cap.
7. MOB in Bend, OR: 28,804 SF Class-B multitenant medical office building on 3.89 ac lot in fast growing area. Across from St Charles Medical Center. Surrounded by major medical facilities. 86% leased. Proforma NOI $475K/yr. $6.599M. 7.19% cap.
8. Shopping Center in Jacksonville, FL: 76,486 SF well kept shopping center on 11.53 ac lot with several points of ingress/egress. Anchored by a 39,686 SF Save a Lot grocery and a 12,000 SF Family Dollar. 98.50% leased. NOI $493K/yr. $4.932M. 10% cap.
9. TIC Shopping Center in El Segundo, CA: 23,539 SF attractive Tenant in Common ownership property (1/3 interest in a 82,539 SF property is for sale) in affluent (AHI $152K/yr within 3 mile radius) coastal city in Los Angeles. 100% NNN leased to 5 tenants. NOI $199K/yr. $3.195M. 6.25% cap.
10. Retail Center in Houston, TX: 11,900 SF retail center built in 2007 on 1.24 ac lot in fast growing area. 100% leased to excellent tenant mix. NOI $176K/yr. $2.43M. 7.25% cap. 

© Transmercial 2013

06-10: Walgreens, Applebee's, Buffet King, Starbucks, Apartments

1. Walgreen’s in Waterford, MI: 14,490 SF attractive drug-store built in 2003 on 2.57 ac lot at a signalized corner location in Detroit suburbs. Across from Meijer grocery. 100% NNN corp lease with 10 yrs left. NOI $474K/yr. $6.549M. 7.25% cap.
2. Applebee’s in Venice, FL: 5060 SF Applebee’s restaurant on 1 ac outparcel to power center anchored by Target, Bealls and Staples. At main retail corridor North of Cape Coral. 20 yrs absolute NNN lease with 14+ yrs left to strong operator. NOI $217K/yr with 1.5% annual rent increases. $3.46M. 6.30% cap.
3. MOB in Fort Worth, TX: 9824 SF Class-A medical office building completed in 2012 on 1.27 ac lot in booming (1,003.50% pop growth) & affluent (AHI $101K/yr) neighborhood. 100% NNN leased to US Renal Care Dialysis, Orthodontist and Thinique medical Weightloss. NOI $243K/yr. $3.038M. 7.75% cap.
4. Buffet King in Fort Worth, TX: 7525 SF buffet restaurant on .90 ac lot at a main corridor in high income area. Rebuilt in 2011.  100% absolute NNN lease with 4 yrs left. NOI $96K/yr. $1.2M. 8% cap.
5. Retail Center in Houston, TX: 27,600 SF retail center at a major retail corridor. Near Houston Northeast Medical Center and I-45. NOI $286K/yr. $2.9M, 9.88% cap.
6. Strip Center in Sacramento, CA: 3110 SF strip center built in 2008 on .80 ac lot at a hard corner location. 100% NNN leased to 2 tenants: Cash 1, and Circle S Deli. NOI $95K/yr. with 2% and 4% annual rent bumps.  $1.19M. 8.02% cap.
7. Starbucks Coffee in Mesa, AZ: 800 SF Starbucks Coffee built in 2012 on .68 ac lot in high income Phoenix suburbs. 10 yrs NNN corp lease with 9 yrs left. NOI $93K/yr. $1.465M. 6.35% cap.
8. Retail Center in Austin, TX: 16,000 SF well kept two-story retail center off/on ramp Hwy-183. 100% NNN leased to seven tenants. NOI $150K/yr. $1.772M. 8.50% cap.
9. Apartments in San Jose, CA: 7-units well maintained apartment complex close Downtown and San Jose State University. 100% occupancy. NOI $56K/yr. $995K. 5.66% cap.

© Transmercial 2013