Top 9 Properties 06-29-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Office Building in Fresno, CA: 12,977 SF Class-B office building on .95 acre lot across from The Fresno Surgical Center near Kaiser Hospital off of Fwy-41. 100% leased. NOI $175K/yr. $2.350M. 7.5% Cap.
2. Shopping Center in Omaha, NE: 23,954 SF shopping center constructed in 2004 on over 2 acres of land across from new Hy-Vee Grocery Anchored Center at corner location in fast growing (130.54) well-off (AHI $98K/yr within 1-mile radius) area. 96% NNN leased. NOI $323K/yr. $3.8M. 8.5% Cap.
3. Firestone In Phoenix, AZ: 5250 SF Firestone retail building with excellent visibility along main busy corridor. 100% NNN corp lease. NOI $60K/yr. $705K. 8.5% Cap.
4. Strip Center in Orland Park, IL: 10,800 SF 6-unit strip center in a middle-class Chicago metro. NOI $155K/yr. $1.525M. 10.22% Cap.
5. Shopping Center in Phoenix, AZ: 20,173 SF well-located multi-tenant shopping center built in 1996 on 2.24 acres of parcel with excellent tenant mix at busy signalized intersection. 83% leased. NOI $333K/yr. $3.420M. 9.75% Cap.
6. Shopping Center in Phoenix, AZ: 88,075 SF attractive shopping center on 8.85 acres of land anchored by Savers and Dollar General situated at prominent intersection. 84% NNN leased. NOI $669K/yr. $6.8M. 9.84% Cap.
7. Medical Building in Rowlett, TX: 16,119 SF recently constructed medical building off of Hwy-66 in fast growing Dallas/Fort With suburbs. 90% NNN leased. NOI $232K/yr. $2.8M. 8.3% Cap.
8. Shopping Center in Houston, TX: 77,490 SF beautiful multi-tenant shopping center constructed in 1999 on 16.20 acres of land. 97% leased. $8.9M. 8.93% Cap.
9. Shopping Center in Jacksonville, FL: 17,600 SF well-maintained shopping center with great tenant mix: Laundromat, Nail Salon, Convenience Store and Video Store along main corridor. 93% leased. NOI $116K/yr. $1.3M. 8.98% Cap.

© Transmercial 2010.  All rights reserved.

Top 8 Properties 06-28-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Strip Center in Spring, TX: 6080 SF attractive strip center constructed in 1999 at signalized hard corner location. 100% NNN leased by 3-tenatns. NOI $135K/yr. $1.5M. 9.04% Cap.
2. Shopping Center in Ontario, CA: 44,028 SF shopping center on 4.45 acres of land  anchored by Stater Bros Supermarket. 100% NNN leased. NOI $558K/yr. $7.984M. 7% Cap.
3. Arby’s Restaurant in Chandler, AZ: 3300 SF recently remodeled single-tenant retail building outparcel to a Target Center across from East Valley Mall. 100% NNN leased by largest franchisee in Arizona currently operating 56 restaurants. NOI $100K/yr. $1.350M. 7.41% Cap.
4. Carl’s Jr in McAllen, TX: brand-new 3000 SF free-standing restaurant next to New Wal-Mart Supercenter, Sam’s Club and Lowe’s at excellent corner location near I-83. 100% NNN leased.  NOI $136K/yr. $1.7M. 8% Cap.
5. Goodyear in Frisco, TX: 6864 SF single-tenant retail building constructed in 2005 on .89 acre lot in fast growing (1,410.31%) affluent (AHI $111K/yr) Dallas metro. Long NNN corp lease. NOI $149K/yr. $2.065M. 7.26% Cap.
6. Multifamily Building in San Diego, CA: 24-units fully landscaped multifamily complex at a quiet neighborhood conveniently located between Memorial Park/Recreation Center and Fwy-15. 100% leased. NOI $131K/yr. $1.728M. 7.6% Cap.
7. Apartments in Phoenix, AZ: 62-apartments complex consisting of four two-story buildings with pool on-site near to public transportation and freeways. NOI $106K/yr. $1.250M. 8.5% Cap.
8. Shopping Center in Mauldin, SC: 18,752 SF good-looking shopping center constructed in 2006 in close proximity to Fwy-385. 90% leased. NOI $216K/yr. $2.495M. 8.67% Cap.

© Transmercial 2010.  All rights reserved.

Top 8 Properties 06-25-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Walgreen’s Pharmacy in Fort Myers, FL: 14,820 SF Walgreen’s Pharmacy on 2.61 acres of land off of main corridor. Long NNN leased by credit tenant. NOI $224K/yr. $2.637M. 8.5% cap.
2. Multifamily Building in Long Beach, CA: 8-units good-looking multifamily building close to parks and freeways. 100% leased. NOI $87K/yr. $1.250M. 7% Cap.
3. Office Building in Huntsville, AL: 40,525 SF Class-B office building with several recent upgrades: drainage system, HVAC system, New boiler, re-paving of the parking lot and roof warranty till 2016 off of Pkwy-231. 100% leased. NOI $283K/yr. $3.1M. 9.15% Cap.
4. Macaroni Grill Restaurant in Orlando, FL: 7141 SF free-standing Macaroni Grill Restaurant on 1.86 acres of land adjacent to Waterford Lakes Town Center. 20-years absolute NNN lease. NOI $269K/yr. $3.363M. 8% Cap.
5. Hotel in South Lake Tahoe, CA: 20-rooms recently remodeled hotel with picnic area and swimming pool along Hwy-89. NOI $88K/yr. $1.2M. 7.4% Cap.
6. Retail Center in Clearwater, FL: 6300 SF well-maintained retail center anchored by Amscot with excellent visibility along main retail corridor. 100% NNN leased. NOI $152K/yr. $1.550M. 9.81% Cap.
7. Strip Center in Greeley, CO: 7979 SF strip center constructed in 2005 on 1 acre lot in fast growing (191.86%) well-off (AHI $89K/yr.) neighborhood. 90% leased. NOI $108K/yr. $1.350. 8% Cap.
8. Office Building in Oceanside, CA: 15,940 SF 3-stories office building constructed in 2000 adjacent to El Camino Real Country Club. 100% leased. NOI $299K/yr. $4.150M. 7.21% Cap.

© Transmercial 2010.  All rights reserved.

Top 7 Properties 06-24-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Shopping Center in Orlando, FL: 52,381 SF recently renovated shopping center on 4.41 acres of land anchored by Winn Dixie with excellent visibility. 100% leased. NOI $516K/yr. $6.335M. 8.15% Cap.
2. Apartments in Van Nuys, CA: 24-units good-looking multifamily complex close to Woodley Ave Park/Woodley Lakes Golf Course off of Fwy-405. NOI $186K/yr. $2.275M. 8.21% Cap.
3. Medical Offices in Missouri City, TX: 9817 SF newly constructed medical offices on 1.26 acres of parcel with good tenant mix: Dental professionals, Orthodontist, General Dentist and Pediatric Dentist in fast growing (330.79%) well-off (93K/yr) Houston suburbs. 100% leased. 8% Cap. Price not disclosed.
4. Strip Center in Houston, TX: 9700 SF well-maintained multi-tenant strip center at signalized intersection with national tenants. 80% NNN leased. NOI $128K/yr. $1.350M. 9.5% Cap. (not certain if this is actual or proforma cap)
5. Apartments in Canoga Park, CA: 14-units 2-stories recently renovated multifamily building with great unit mix close to parks in densely Los Angeles city. 100% leased. NOI $132K/yr. $1.499M. 8.8% Cap.
6. Shopping Center in Phoenix, AZ: 19,692 SF attractive shopping center across from Fry’s along main corridor. 74% leased. NOI $220K/yr. $2.2M. 10% Cap.
7. Medical Office in Colorado Springs, CO: 13,471 SF Class-A medical office on 1.68 acres of land close to hospitals. 100% NNN leased. NOI $220K/yr. $2.750M. 8% Cap.

© Transmercial 2010.  All rights reserved.

Top 6 Properties 06-23-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Shopping Center in Saint Augustine, FL: 38,615 SF shopping center shadow-anchored by Winn-Dixie with excellent tenant mix: Family Dollar, The UPS Store, Domino’s Pizza, Advance America, Metro PCS, Jackson Hewitt and Curves along main thoroughfare. 93% leased. Upside potential when fully leased. NOI $432K/yr. $5M. 8.65% Cap. Buyer to assume $3.051M at below-market rate of 5.53%.  
2. Retail Center in Spring, TX: 12,600 SF attractive retail center built in 2004 conveniently located between Lowe’s and Home Depot with excellent visibility to I-45 in fast growing Houston metro. 100% NNN leased. NOI $268K/yr. $3.125M. 8.41% Cap.
3. Shopping Center in Mooresville, IN: 38,400 SF shopping center built in 2001 on 9.70 acres of land shadow-anchored by Marsh Supermarket with national/local tenants: Domino’s, Blockbuster, Hallmark, Liberty Tax Service, Great Clips, Check Into Cash, Lawyers Title and more in growing Indianapolis suburbs. 83% leased. NOI $624K/yr. $6.325M. 9.88% Cap. Upside Potential.
4. Apartments in Sacramento, CA: 14-units well-maintained multifamily building on .63 acre lot with many recent improvements at quiet neighborhood. NOI $83K/yr. $950K. 8.81% Cap.
5. Shopping Center in Tulsa, OK: 48,288 SF L-shaped shopping center on 4.97 acres of land in front of a new Wal-Mart Supercenter. 83% leased. NOI $480K/yr. $6.4M. 7.5% Cap.
6. Strip Center in San Bernardino, CA: 8608 SF well-kept strip center with plenty of parking spaces at corner location. NOI $133K/yr. $1.524M. 8% Cap.

© Transmercial 2010.  All rights reserved.

Top 9 Properties 06-22-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Rite Aid Pharmacy in Alpharetta, GA: 13,813 SF Rite Aid Pharmacy constructed in 2004 at hard corner location across from 80,000 SF Publix anchored center in fast growing (80.35%) wealthy (AHI $113K/yr within 1 mile radius) Atlanta metro. 100% NNN leased. NOI $308K/yr. $2.802M. 11% Cap.
2. Shopping Center in San Diego, CA: 32,494 SF beautiful shopping center on 3.80 acres of land anchored by McDonald’s/KFC conveniently located off of Fwy-805. 97% NNN leased. NOI $800K/yr. $9.9M. 8.09% Cap.
3. Retail Center in Coral Springs, FL: 13,025 SF well-maintained retail center on 1.25 acres of land along busy corridor. 100% leased. NOI $300K/yr. $3.785M. 8% Cap.
4. Strip Center in Jackson, TN: 10,850 SF attractive retail building outparcel to 500,000 SF shopping center anchored by Home Depot, Kohl’s, Best Buy, Ross, Hobby Lobby and Old Navy along Hwy-45/I-40. 100% NNN leased by national tenants: McAlister’s Deli, AT&T and Men’s Warehouse. NOI $243K/yr. $2.675M. 9.10% Cap.
5. Retail Building in El Centro, CA: 7985 SF retail building constructed in 2000 on .92 acre lot across from Costco/Lowe’s and Target along main traffic artery. 100% NNN leased by America’s Tire Company and US Army. NOI $175K/yr. $1.895M. 9.28% Cap.
6. Shopping Center in Queen Creek, AZ: 12,500 SF recently constructed shopping center near Wal-Mart anchored shopping center at hard corner location in booming Gilbert suburbs. 90% NNN leased. NOI $228K/yr. $2.425M. 9.42% Cap.
7. Family Dollar in Tampa, FL: 7800 SF recently renovated single-tenant retail building constructed in 1998 on .69 acre lot. Long NNN leased by national credit tenant. NOI $110K/yr. $1.4M. 7.88% Cap.
8. Retail Building in Chicago, IL: 5788 SF recently renovated multiple-tenant retail building anchored by Little Caesars at corner location with excellent visibility along main corridor. 100% NNN leased. NOI $145K/yr. $1.725M. 8.42% Cap.
9. Apartments in Palmdale, CA: 56-units two-story apartment building built in 1984 on 3.21 acres of parcel with excellent unit mix in densely populated Los Angeles area. 96% leased. NOI $299K/yr. $2.8M. 8.19% Cap.

© Transmercial 2010.  All rights reserved.

Top 7 Properties 06-21-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Kragen Auto Parts in Pittsburg, CA: 8000 SF single-tenant retail building constructed in 1990 at busy signalized intersection near Hwy-4. 100% NNN leased by national tenant. NOI $110K/yr. $1.5M. 7.34% Cap.
2. Apartments in Greensboro, NC: 94-multifamily well-maintained 2-stories apartment complex on 5.65 acres of land just off of Hwy-29. 90% leased. NOI $295K/yr. $2.998M. 9.84% Cap.
3. Strip Center in Melrose Park, IL: brand new 6307 SF strip center anchored by Chipotle along main retail corridor near Gottlieb Memorial Hospital /Maywood Park Racetrack. 100% NNN leased. NOI $197K/yr. $2.388M. 8.25% Cap.
4. Shopping Center in San Antonio, TX: 46,554 SF attractive shopping center at corner location in close proximity to I-16 in fat growing (22.36%) middle-class (AHI $50K/yr) neighborhood. 100% NNN leased. NOI $416K/yr. $4.5M. 9.25% Cap.
5. Ryan’s Restaurant in Carrollton, GA: 10,553 SF free-standing restaurant on 2.56 acres of parcel along main thoroughfare in fast growing Atlanta metro. Long term absolute NNN corp lease. Annual rent increases. NOI $205K/yr. $2.050M. 10% Cap.
6. Apartments in Palmdale, CA: 38-units well-maintained townhomes constructed in 1985 on 1.98 acres of land with on-site laundry/pool at densely Los Angeles suburbs. 92% leased. NOI $204K/yr. $2.350M. 8.7% Cap.
7. Strip Center in Frisco, TX: 7265 SF recently constructed strip center with excellent tenant mix: Chicago Pizza Café, Cacique Jewelers and Von Anthony Salon in rapid growing (213.76%) affluent (AHI $121K/yr) Dallas metro 100% leased. NOI $213K/yr. $2.4M. 8.88% Cap.

© Transmercial 2010.  All rights reserved.

Top 8 Properties 06-18-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Strip Center in Memphis, TN: 6950 SF strip center built in 2007 at signalized corner location in densely populated area. 100% NNN leased by local/national tenants. NOI $91K/yr. $1.075M. 8.5% Cap.
2. Retail Center in Albany, OR: 16,187 SF newly constructed retail center on over 1 acre lot anchored by Petco across from Heritage Mall conveniently located along Hwy-99E. NOI $280K/yr. $3.375M. 8.31% Cap.
3. Mimi’s Café in Brandon, FL: 7045 SF eye-catching single-tenant retail building constructed in 2003 in close proximity to Westfield Mall. Long absolute NNN corp lease with increases every 5-years. NOI $219K/yr. $2.743M. 8% Cap.
4. Pep Boys in Austin, TX: 22,279 SF free-standing retail building on 1.99 acres of land off of Hwy-71. 100% absolute NNN corp lease. 1.5% annual rent increases. NOI $230K/yr. $2.978M. 7.75% Cap.
5. Retail Center in Green Bay, WI: 9518 SF Class-A retail center with excellent tenant mix: Cousins Subs, Run Away Shoes, The Little Gym an Enterprise Rent-A-Car off of I-41. NOI $174K/yr. $2.181M. 8% Cap.
6. Shopping Center in Rowlett, TX: 49,273 SF recently renovated shopping center on 5.52 acres of land anchored by Big Lots located at hard corner location in growing Dallas metro. 100% NNN leased. NOI $456K/yr. $4.420M. 10.32% Cap.
7. Neighborhood Center in Byram, MS: 69,054 SF well-maintained shopping center on 7.75 acres of land anchored by Vowell’s Marketplace along main retail corridor. 94% NNN leased. NOI $353K/yr. $3.1M. 11.41% Cap.
8. Family Dollar in Austin, TX: 9180 SF Family Dollar retail building constructed in 2005 on 1.53 acres of land in fast growing area. 100% NNN leased till 2016. NOI $75K/yr. $937K. 8% Cap.

© Transmercial 2010.  All rights reserved.

Top 10 Properties 06-17-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Shopping Center in San Antonio, TX: 37,800 SF shopping center constructed in 2002 on 2.24 acres of land across from North Star Mall close to I 410/281. 87% leased. NOI $462K/yr. $5.5M. 8.40% Cap.
2. Strip Center in Algonquin, IL: 16,500 well-maintained strip center on 1.29 acres of parcel at high traffic location in growing (21.29%) middle-class (AHI (86K/yr) Chicago suburbs. 100% NNN leased. NOI $166K/yr. $1.995M. 8.36% Cap.
3. Medical Office in Anderson, SC: 2972 SF Class-B single-tenant medical office situated along main corridor. Long NNN lease by a stable tenant currently operating over 150 locations nationwide. NOI $74K/yr. $851K. 8.75% Cap.
4. Retail Center in San Jose, CA: 7440 SF recently constructed retail center next door to Century 24 Movie Theater off of Hwy-280. 90% leased. NOI $299K/yr. $4.799M. 6.25% Cap.
5. Big O Tires in Surprise, AZ: 4845 SF free-standing retail building at hard corner along main retail corridor. New 15-years absolute NNN lease. NOI $179K/yr. $2.1M. 8.57% Cap.
6. Multifamily Building in Sunnyvale, CA: 6-units 2-stories apartment complex located in a nice neighborhood next to an elementary school close to Hwy-101/237. 100% leased. NOI $62K/yr. $888K. 7.09% Cap.
7. Office Building in Pittsburg, CA: 15,596 SF well-maintained office building constructed in 1980 on 1 acre lot with excellent tenant mix: Dental Lab, Contra Costa ARC, Orthodontist and Dentist. 86.5% leased. NOI $237K/yr. $2.65M. 8.97% Cap. Upside potential when fully leased.
8. Apartments in Palmdale, CA: 38-units attractive apartment complex with good unit mix as well as on-site laundry and pool. NOI $204K/yr. $2.350M. 8.7% Cap.
9. Strip Center in Lauderdale Lakes, FL: 17,916 SF well-maintained shopping center on 1.80 acres of land with excellent tenant mix: Rent-A-Center, Wireless Tech, Merit Pharmacy, Mary Jo’s off the chain and Mary Jo’s off the hook. 92% leased. NOI $162K/yr. $1,950M. 8.33% Cap.
10. Retail Center in Avon, IN: 21,060 SF attractive shopping center built in 1998 pm 2.37 acres of land with excellent visibility conveniently located along Hyw-36. 100% leased.  NOI $273K/yr. $2.875M. 9.5% Cap.

© Transmercial 2010.  All rights reserved.

Top 10 Properties 06-16-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Retail Building in San Francisco, CA: 13,971 SF attractive retail/office building renovated in 2006 across from Japan Town. 93% leased. NOI $190K/yr. $3.475M. 5.48% Cap.
2. Apartments in Sacramento, CA: 76-units multifamily building constructed in 1991 on 5.46 acres of land with good unit mix just minutes from Downtown near Fwy-80. NOI $448K/yr. $6M. 7.47% cap.
3. Apartments in Mesa, AZ: 35-units well-kept apartment complex across from Royal Palms Golf Course conveniently located near public transportation, shopping and freeways. 95% leased. NOI $144K/yr. $1.550M. 9.34% Proforma Cap.
4. Shopping Center in Reseda, CA: 19,822 SF mature shopping center on 1.41 acres of parcel anchored by Denny’s at signalized intersection along main thoroughfare. 100% NNN leased. NOI $433K/yr. $6M. 7.23% Cap.
5. Retail Center in Fort Myers, FL: 18,066 SF well-maintained retail center anchored by Pier 1 Imports adjacent to Walgreen’s Pharmacy. 93% NNN leased. NOI $341K/yr. $3.793M. 9% Cap.
6. Advance Auto Parts in Denham Springs, LA: 7000 SF 2-years old retail building on .74 acre lot along Hwy-16 surrounded by many national tenant: Walgreens, Dollar General, Popeye’s and more in fast growing Baton Rouge metro. Long NNN lease. NOI $99K/yr. $1.223M. 8.15% Cap.
7. Shopping Center in Seagoville, TX: 78,685 SF recently updated shopping center anchored by Brookshire’s Grocery Store off of US-175. 97% leased by excellent tenant mix. NOI $219K/yr. $2.6M. 8.45% Cap.
8. Borders in Tulsa, OK: 24,773 SF attractive free-standing retail building on over 3 acres of land in growing (6.54%) well-off (AHI $97K/yr within 1-mile radius) area. 100% absolute NNN leased by national tenant. NOI $432K/yr. $4.325M. 10% Cap.
9. Retail Building in Spokane, WA: 38,016 SF retail building constructed in 1999 anchored by Dollar Tree conveniently located between The Home Depot and Costco near I-90. Long term NNN leases. NOI $527K/yr. $7.271M. 7.25% Cap.
10. Apartments in Columbus, IN: 120-units well-maintained multifamily building built in 1994 with washer/dryer hook-ups in every unit, playground area located at quiet neighborhood. 97% leased. NOI $474K/yr. $5.650M. 8.4% Cap.   

© Transmercial 2010.  All rights reserved.

Top 9 Properties 06-15-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Retail Building in Moreno Valley, CA: 11,852 SF two-years old single-tenant retail building on over 1 acre lot at prime retail location with easy access to Fwy-60/215. 100% NNN leased by national credit tenant. NOI $362K/yr. $4.260M. 8.5% Cap.
2. Shopping Center in Chattanooga, TN: 74,978 SF shopping center anchored by BI-LO grocery store with large monument sign in fast growing area. NOI $640K/yr. $6.4M. 10% Cap.
3. Taco Bell in Las Vegas, NV: 2375 SF Taco Bell Restaurant constructed in 2000 on over 1 acre lot across from McCarran International Airport with excellent visibility. 100% NNN leased by strong franchisee currently operating 63 restaurants. NOI $170K/yr. $2.125M. 8% Cap.
4. Hooters Restaurant in Council Bluffs, IA: 4880 SF single-tenant retail building constructed in 2008 on 1.5 acres of land on a pad site to Horseshoe Casino across from Mid-America Convention Center in growing Omaha suburbs. New 15-years absolute NNN lease. 10% rental increases every 5-years. NOI $216K/yr. $2.469M. 8.75% Cap.
5. Pizza Hut & WingStreet Restaurant in Columbia, SC: 3114 SF attractive free-standing retail building at prime retail location with excellent visibility off of Hwy-1 in affluent (AHI $128K/yr within 1-mile radius) Columbia metro. New 20-years absolute NNN lease. Franchisee guarantee from 39-unit operator. 1.5% rent increases every 2-years. NOI $85K/yr. $1.068M. 8% Cap.
6. Apartments in Hayward, CA: 61-units well-kept multifamily building on 3.45 acres of land with good unit mix close to Fwy-880. 92% leased. NOI $445K/yr. $5.7M. 7.8% Cap.
7. Carl’s Jr. Restaurant in Las Vegas, NV: 4500 SF recently constructed retail building in booming (792.85%) middle-class (AHI $76K/yr) area along main thoroughfare. Long 20-years absolute NNN lease with 10% increases every 5-years. NOI $225K/yr. $3.214M. 7% Cap.
8. DaVita Medical Office in Freeport, NY: 18,588 SF Class-B medical building renovated in 1995 on 5.7 acre lot. 100% NNN leased. NOI k$367K/yr. $4.325M. 8.5% Cap.
9. Strip Center in Indianapolis, IN: 12,220 SF multi-tenant strip center built in 2002 shadow-anchored by CVS with excellent tenant mix: Quizno’s, State Farm Insurance and Taylor’s Pub. 85% NNN leased. NOI $196K/yr. $1.9M. 10.34% Cap.    

© Transmercial 2010.  All rights reserved.

Top 8 Properties 06-14-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Advance Auto Parts in Houston, TX: 6000 SF single-tenant recently constructed retail building on .66 acre lot at signalized intersection. Long NNN corp lease. NOI $125K/yr. $1.518M. 8.25% Cap.
2. Apartments in Portland, OR: 54-units two-story apartment complex built in 1969 with many recent extensive upgrades across from the TriMet Max Light Rail Station. 100% leased. NOI $270K/yr. $3.6M. 7.5% Cap.  
3. Church’s Chicken in Midland, TX: 1350 SF free-standing Church’s Chicken Restaurant conveniently positioned at main artery in fast growing area. 15-years absolute NNN corp lease. 1.5% annual rent increases. NOI $72K/yr. $852K. 8.5% Cap.
4. Shopping Center in Pasadena, TX: 163,992 SF well-kept shopping center on 13.23 acres of land across from Kroger anchored center with excellent tenant mix: Big Lots, Cato Fashion, Dollar Tree, Payless Shoe Source, Supercuts, Ace Cash Express and more. 96% leased. NOI $682K/yr. $7.450M. 9.16% Cap.
5. Staples in Woodbury, MN: 20,053 SF recently constructed Staples on over 2 acres of parcel shadow-anchored by Sam’s Club and Target in growing (34.42%) well-off (AHI ($101K/yr within 1 mile radius) Minneapolis suburbs off of I-94. Long term NNN leased. NOI $320
   K/yr. $4M. 8% Cap.
6. Office Building in Fullerton, CA: 13,950 SF Class-B office building at highly visible corner location in wealthy (AHI $105K/yr) neighborhood at densely populated Los Angeles area. 100% leased. NOI $237K/yr. $3.390M. 7% Cap.
7. Shopping Center in Oak Ridge, TN: 41,778 SF recently renovated shopping center on 4.72 acres of land anchored by Food Lion at signalized corner location with great visibility West of Knoxville suburbs. 97% leased. NOI $251K/yr. $2.770M. 9.08% Cap.  
8. Hardee’s in Independence, MO: 2863 SF attractive single-tenant retail building located at signalized intersection of Hwy-24. New 20-years absolute NNN lease. 10% increases every 5-years. NOI $77K/yr. $934K. 8.25% Cap.

© Transmercial 2010.  All rights reserved.

Top 6 Properties 06-11-10

1. Home Depot in Austell, GA: 134,518 SF Home Depot built in 2007 on 14.46 acres lot in a fast growing area in Atlanta metro.  Across from Walmart, Lowe, Target, and Office Max. 20 yrs ground lease with 18 yrs remaining.  NOI $623K/yr. $8.9M.  7% cap. 
2. Taco Bell in Orlando, FL: 3023 SF restaurant on .87 acre outparcel to Sam Club.  100% NNN lease.  Tenant has been at this location since 1989.  NOI $105K/yr. $1.29M. 8.15% cap. 
3. Shopping Center in Chicago, IL: 17,794 SF retail center on 1.47 acres lot with all units facing the road. 92% leased.  NOI $235K/yr. $2.14M. 11% cap. 
4.  Shopping center in Omaha, NE: 23,954 SF class-A shopping center built in 2004 on over 2 acres corner lot in fast growing upper middle class (AHI $112K/yr).  96% NNN leased.  NOI $323K/yr. $3.8M. 8.5% cap.  Buyer to assume $3.344M non-recourse loan at low 5.75% interest.  Just 12% down payment needed! 
5. Ulta Beauty Store in Jackson, TN: 10,000 SF brand new single-tenant retail center in a prime commercial area near I-40.  Surrounded by Best Buy, Hobby Lobby, Ashley Furniture, Home Depot, Lowe's, Wal-Mart Supercenter and Sam's Club. New 10 yrs NNN lease by Ultra Beauty (NASDAQ: ULTA), a national chain.  NOI $222K/yr. $2.87M. 7.75% cap.
6. 24 Hr Fitness in Fort Worth, TX: 36,000 SF single-tenant fitness center built in 2007 on 4.75 acres of land near I-35W exit in a booming area.  100% NNN lease with 16 yrs remaining.  NOI $723K/yr. with 12% rent bump every 5 yrs.  $8.3M. 8.71% cap.  Buyer to assume $6.5M nonrecourse loan at 6.18% fixed till 2017. 

Client’s testimonial

A former employer of mine asked me to come out to San Jose from Ireland to work with him on finding some investment properties to buy.  I searched the internet for a broker that I could work with, and found Transmercial.  I liked what I read on the internet about David and decided that this would be a good place to start.  On meeting David, I immediately felt at ease.  And unlike many other brokers, I did not feel at all under any pressure. So I decided to go with my gut feeling and use him as our broker.  What a great decision it turned out to be! From the start he sourced great properties for us to look at.  At no stage did he encourage us to make any decision that we weren't fully happy with. Now a few months later we have bought two great properties, and are very happy with our investments. At all times I found David and his assistant Maria extremely pleasant and professional to deal with. I would encourage anyone who is thinking of getting into commercial real estate investment to make an appointment with David and decide for yourself if he is the broker for you, because he certainly was for me.

Mike Walsh, Ireland.  2010.

© Transmercial 2010.  All rights reserved.

Top 10 Properties 06-10-10

1. Office Building in Anaheim, CA: 7336 SF Class-B multiple-tenant two-stories office building on .33 acre lot leased by three tenants: Acupuncture, Chiropractor and church. 100% leased. NOI $62K/yr. $799K. 7.8% Cap.
2. Aaron’s in Springfield, OR: 8500 SF single-tenant retail building on .69 acre lot across WinCo Foods anchored- shopping center off of Hwy-126. 100% NNN leased. NOI $119K/yr. $1.653M. 7.25% Cap.
3. Strip Center in Corona, CA: 14,557 SF newly constructed strip center conveniently located at signalized intersection just off of I-15. NOI $329K/yr. $4.395M. 7.50% Cap.
4. Retail Center in Corona, CA: 4325 SF retail center anchored by Marui Sushi Restaurant adjacent to I-15. NOI $94K/yr. $1.255M. 7.5% Cap.
5. 24 Hour Fitness in Fort Worth, TX: 36,000 SF single-tenant retail building constructed in 2007 on 4.75 acres of land in fast growing area just off of Fwy-287. Long NNN corp lease. NOI $722K/yr. $8.3M. 8.71% Cap. Assumable non-recourse financing at 6.18% fixed rate till 2017.
6. Strip Center in Granada Hills, CA: 8000 SF well-located strip center at signalized intersection with excellent tenant mix: Domino’s Pizza, Nail Salon, Martial Arts, Beauty Salon and Billboard. NOI $147K/yr. $1.875M. 7.9% Cap.
7. Retail Center in Green Bay, WI: 9518 SF Class-A recently constructed retail center in fast growing area. 100% NNN leased by national tenants. NOI $174K/yr. $2.181M. 8% Cap.
8. Retail Center in Green Bay, WI: 6703 SF attractive retail center anchored by Starbucks Coffee off of I-41. 100% NNN leased. NOI $160K/yr. $2.001M. 8% Cap.
9. Strip Center in San Jose, CA: 7440 SF newly constructed strip center conveniently located near Santana Row/Westfield Valley Fair in well-off (AHI $100K/yr) neighborhood off of Fwy-280. 89% NNN leased. NOI $272K/yr. $4.807M. 6.25% Proforma Cap.
10. Strip Center in Suwannee, GA: 12,150 SF nice-looking strip center built in 2004 on over 1.25 acre lot located across Home Depot with excellent visibility in fast growing Atlanta metro. 90% leased. NOI $221K/yr. $2.950M. 7.52% Cap.

© Transmercial 2010.  All rights reserved.

Top 9 Properties 06-09-10

1. Office Building in Concord, CA: 18,400 SF Class-B multi-tenant office building with ample parking conveniently located near Bart-Concord Station. NOI $235K/yr. $2.944M. 8% Cap.  
2. Strip Center in Clearwater, FL: 9500 SF strip center renovated in 1997 on over 1 acre lot with excellent visibility along US-19. 88% NNN leased by three tenants. NOI $132K/yr. $1.2M. 9.70% Cap.
3. Shopping Center in Missouri City, TX: 54,158 SF attractive shopping center built in 1996 on 5.50 acres of parcel in fast growing Houston suburbs. 100% leased. Proforma NOI $705K/yr. $6.999M. 10.10% Cap.
4. Apartments in Pomona, CA: 17-units apartment complex on .46 acre lot close to parks and Fwy-10. 94% leased. NOI $153K/yr. $1.790M. 8.60% Cap.  
5. Shopping Center in Katy, TX: 24,285 multi-tenant shopping center constructed in 2004 on 1.39 acres of land in fast growing Huston metro. 100% leased. NOI $404K/yr. $3.850M. 10.50% Cap.
6. Shopping Center in Fisher, IN: 15,019 SF well located shopping center constructed in 2004 at hard signalized intersection with excellent tenant mix. 89% leased. NOI $277K/yr. $3.1M. 8.95% Cap. Upside potential when fully leased.
7. Strip Center in Cicero, IL: 7,385 SF multi-tenant retail center located at primary retail corridor. 100% leased by six retail tenants. NOI $159K/yr. $1.850M. 8.61% Cap.
8. Shopping Center in Sunrise, FL: 21,612 SF shopping center built in 1977 on 1.54 acres of parcel located along heavily traveled thoroughfare. NOI $251K/yr. $3.4M. 7.39% Cap. Buyer to assume $2.210M at 5.62% for the first five years.
9. Hardee’s Restaurant in Kansas City, MO: 3125 SF single-tenant fast food restaurant constructed in 1980 on .77 acre lot. New 20-years absolute NNN leased by strong franchisee. 10% increases every 5-years. NOI $60K/yr. $727K. 8.25% Cap.   

© Transmercial 2010.  All rights reserved.

Top 10 Properties 06-08-10

1. Taco Bell in West Columbia, SC: 2334 SF fast food restaurant on a corner outparcel to Food Lion Grocery anchored center.  Property just underwent a $400K renovation to new bold choice design.  Store with strong $1.2M in revenue.  10 yrs absolute NNN lease by a strong franchisee.  NOI $96K/yr with 2% annual rent bump. $1.24M. 7.75% cap. 
2. Walgreens in Ocala, FL: 16,510 SF new drug store on 1.7 acres parcel.  25 yrs NNN lease.  NOI $494K/yr. $6.825M. 7.25% cap. 
3. Shopping center in Edinburg, TX: 7600 SF 3-yrs old strip mall on ¾ ac lot across from Wal-mart Supercenter in a booming (71% since 2000) middle-class McAllen metro. 100% NNN leased by 5 good tenants.  NOI $140K/yr. $1.4M. 10% cap. 
4. Lone Star Steakhouse in Chesapeake, VA: 5374 SF franchised steakhouse on 1.37 acres lot across from Greenbrier Mall just off I-64 in high income (AHI $89K/yr within 1 mile) Norfolk metro.  15 yrs absolute NNN lease.  NOI $220K/yr with 2% annual rent bump. $2.4M. 9.17% cap. 
5. Medical Office Building in League City, TX: 13,000 SF medical office in high-growth, high income Houston metro. 100% leased by 3 good strong medical credit tenants.  NOI $202K/yr. $2.25M. 9% cap. 
6. Valero Gas Station in Cupertino, CA: very rare Valero gas station with car wash and convenience store built in 2003 on .45 acre lot at the intersection of Stevens Creek and De Anza Blvd. in a wealthy Silicon Valley city (AHI $135K/yr).  NOI $416K/yr.  $3.2M for both real estate and business.  13% cap. 
7. O’Reilly Auto in Brighton, CO: 6000 SF auto parts store in Denver metro.  100% corp NNN lease with 8 yrs remaining.  NOI $100K/yr with 4% rent bump every 2 yrs. $1.25M. 8% cap. 
8. Burger King in Phoenix, AZ: 3370 SF restaurant on .62 acre lot at a high traffic corner. 20 yrs NNN lease with 18 yrs remaining. NOI $130K/yr. $1.696M. 7.69% cap. 
9. Starbucks in McDonough, GA: 1750 SF Starbucks built in 2007 on .91 acre outparcel to a shopping center anchored by Dick’s Sporting Goods, Best Buy and Ashley Furniture.  Across from a 800,000 SF power center anchored by Home Depot, Belk, Super Target, Bed Bath and Beyond, Ross Dress for Less, Marshall’s, Michael’s, PetSmart and BJ’s Wholesale Club in Atlanta suburbs. 100% leased till 2017.  NOI $87K/yr with 10% rent bump in 2012. $1.031M. 8.5% cap. 
10. Shopping Center in Sacramento, CA: 30,023 SF bank-owned shopping plaza on the busy Stockton blvd.  58% NNN leased by 9 tenants.  Actual NOI $176K/yr.  $2.95M. 6% cap.  Only $98/SF!  Strong upside potential when 100% leased.

© Transmercial 2010.  All rights reserved.

Top 8 Properties 06-07-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses

1. Pep Boys in Indio, CA: 19,338 SF single-tenant retail building on 1.58 acres of land conveniently located along Hwy-111 in the growing (38.98%) Palm Springs. Long absolute NNN corp lease with 1.5% annual rent increases. NOI $257K/yr. $3.222M. 8% Cap.
2. Arby’s Restaurant in Mishawaka, IN: 3592 SF Arby’s Restaurant at busy corner location along main retail corridor just East of South Bend. 15 years left on 20-years absolute NNN corp lease. 8% increases every 5-years. NOI $110K/yr. $1.421M. 7.75% Cap.
3. The Goddard School in Chantilly, VA: 10,000 SF single tenant day care facility built in 2003 on 1.29 acres of parcel in wealthy ($122K/yr within 5-miles radius) Washing DC suburbs. 100% NNN lease by a national childcare provider. NOI $240K/yr. with 2% annual rent increases $3.2M. 7.5% Cap.
4. Shopping Center in West Covina, CA: 11,400 SF shopping center shadow-anchored by Seafood City Supermarket with excellent tenant mix: Liquor Plus, Hair Salon, Dress Shop, Dental Office, Mananda Gifts, Restaurant, Nail Salon, Owtel Beyond, Inc, Check Cashing, and phone card stand. 100% NN leased. NOI $356K/yr. $5M. 7.13% Cap.
5. Retail Building in San Jose, CA: 7800 SF multiple tenant retail building on .46 acre lot along S 1^st Street. Leased by 3-tenants. NOI $68K/yr. $880K. 7.84% Cap.
6. Apartments in Los Angeles, CA: 8-units two-stories multifamily building with excellent unit mix just minutes from Santa Monica beach. NOI $55K/yr. $775K. 8.19% Cap.
7. Apartments in Hemet, CA: 140-units attractive apartments on over 6 acres of land with several amenities: swimming pool, whirlpool spa, electric central heating/air, ceiling fans, walk-in closets, dishwashers, electric stoves, oven, refrigerators, custom carpeting/blinds and balcony/patio. NOI $543K/yr. $7.4M. 7.34% Cap.
8. Medical Office in Desoto, TX: 5000 SF Class-B medical office next to Methodist Charlton Hospital & easy access to I-20 & Fwy 67 in Dallas metro. 100% NNN leased. NOI $104K/yr. $1.1M. 9.5% cap.

© Transmercial 2010.  All rights reserved.