01-26: Sonic, Famous Dave's, KFC, Walgreens, Strip Center, CVS, Jack in the Box for sale

1.      Sonic Drive-in in Woodland, CA: 1718 SF restaurant built in 2005 on ¾ ac lot one block from I-5 and Hwy 113 in Sacramento suburb.  Close to Wal-Mart, Food 4 Less, Big 5 Sports. 100% NNN ground lease (only land is for sale) to high networth franchisee.  NOI $130K/yr. $1.857M. 7% cap.

2.      Bank-owned Famous Dave’s in Palmdale, CA: 6600 SF Famous Dave’s BBQ Restaurant on 1.3 acres lot across from 1M SF Antelope Valley Mall.  100% NNN lease.  Tenant wishes to extend the lease.  NOI $178K/yr. $1.8M. 9.9% cap.

3.      KFC in Eugene, OR: 2041 SF restaurant on .59 ac in growing middle class area.  New 20 yrs absolute NNN lease to an operator with 16 locations.  NOI $86K/yr. with 1.5% annual rent bump. $1.225M. 7.02% cap.

4.      Walgreens in Mesa, AZ: 15,120 SF drug store built in 2001 on 2.15 acres corner lot in fast growing and affluent Phoenix suburbs (AHI $102K/yr within1 mile). 100% absolute NNN lease with 10 yrs remaining on primary term.  NOI $332K/yr. $4.295M. 7.75% cap.

5.      Strip Center in Campbell, CA: 7406 SG 7-unit retail center on .63 ac lot in high income city (AHI $107K/yr) in Silicon Valley.  73% NNN leased with 2 small vacant units.  Current NOI $144K/yr. $1.8M. 8% cap.  Upside potential when 100% leased.

6.      Beach front Retail center in Melbourne, FL: 4482 SF beach-front retail center in an affluent area (AHI $122K/yr).  100% NNN leased to 3 tenants: Starbucks, Cold Stone Creamery and Burrito Ranch.  NOI $142K/yr. $1.95M. 7.3% cap.

7.      CVS Pharmacy in Erie, PA: 10,125 SF drug store on 1.3 acres lot.  100% NNN lease with 8 yrs remaining.  NOI $165K/yr. Store with strong sales of over $4.9M (low rent to income ratio of 3.36% means tenant is VERY profitable and likely to extend the lease). $1.834M. 9% cap.

8.      Jack In the Box in Santa Clara, CA: 2376 SF JIB built in 1998 on ½ acres lot in the heart of Silicon Valley with over 500K residents within 5 miles ring.  Close to Kaiser Hospital complex.  18 yrs corp NNN lease with 5 yrs remaining.  NOI $114K/yr. $2.05M. 5.57% cap.

9.      Shopping Center in Santa Rosa, CA: 27,674 SF shopping center on 1.4 acres corner lot with easy access to Hwy 101 in high income area.  Anchored by Cash & Carry, a regional easy-to-shop warehouse that caters to foodservice operators of all types with 10+ yr remaining.  NOI $177K/yr. $2.35M. 7.53% cap.

10.   Sonic Restaurant in Denver, CO: 1483 SF restaurant built in 2001 on 25,000 SF lot on a heavily travelled road.  15 yrs NNN corp lease with 5 yrs remaining.  NOI $66K/yr.  with rent bumped to $78K/yr in 2014.  $850K.  7.76% cap.

© Transmercial 2011.

01-25: Walgreens, Shopping centers, Apartments, 7-Eleven, Advance Auto for sale

Welcome new investors.  Each property has a brief description and an one-page 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 on the market today.

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.      Walgreens in Chicago, IL: 14,820 SF drugstore under construction on 1.38 acres lot.  100% absolute NNN 75 yrs lease.  NOI $344K/yr. $4.9M. 7% cap.

2.      Shopping Center in Columbus, OH: 34,416 SF shopping center built in 2005on 4.38 acres lot in high income area in North Columbus.  90% leased to 9 tenants with 2 small avail units.  Current NOI $529K/yr. 8.86% cap.

3.      Single-tenant Office/industrial building in Santa Rosa, CA: 21,623 SF office/industrial building on 1.12 acres lot near intersection of Hwy 101 and 12 in a middle class city North of San Francisco.  10 yrs NNN leased till 2018 to American Medical Response West, an EMSC company (NYSE: EMR).  NOI $315K/yr. $3.8M. 8.3% cap.

4.      Apartments in San Jose, CA: 6-unit apartments in high income area (AHI $89K/y in 1 mile).  Gross income $70K/yr. $760K.

5.      Shopping Center in Roswell, GA: 117,392 SF upscale shopping center built in 2000 on 15.54 acres corner lot in affluent (AHI $132K/yr in 1 mile) North Ease Atlanta.  Anchored by Kohl’s, Rite Aid, and Petco.  Adjacent to Kroger Supermarket.  99% NNN leased.  NOI $1.355M. $16.937M. 8% cap.

6.      Strip Center in Santa Ana, CA: 3600 SF strip center on .4 acre lot.  100% NNN lease.  NOI $58K/yr.$825K.  7% cap.

7.      Shopping Center in Laredo, TX: 23,747 SF 14-unit shopping center built in 2007 on 2.3 acres lot next to Target and across from Wal-Mart in a fast growing border city. 95% NNN leased to 13 good tenants: Payless Shoesource, Sally Beauty Supply, Subway, GameStop, Cricket, Citi Financial, State Farm, Ace America's Cash Express, and more.  NOI $488K/yr. $5.2M. 9.4% cap.

8.      Shopping Center in Somerset, NJ: new 20,164 SF 3-building retail center on 3.29 acres corner lot in booming and affluent city in NY metro (AHI $111K/yr in 1 mile). 100% NNN leased to 3 tenants: Rite Aid (20 yrs), New Millennium Bank (20 yrs),  and Dunkin’s Donuts (10 yrs).  NOI $768K/yr. $9M. 8.54% cap.

9.      Advance Auto in Binghamton, NY: 7000 SF Advance Auto on ¾ ac lot.  Tenant just renewed lease for 10 more yrs.  NOI $87K/yr.  $1.05M. 8.34% cap.

10.   Strip center in Roslyn, NY: 6000 SF retail center on 1/3 acre corner lot in a very wealthy city (AHI $180K/yr in 3 miles) East of New York city.  100% NNN leased to 3 long term tenants.  NOI $159K/yr. $2.128M. 7.5% cap.

© Transmercial 2011.

01-24: Burger King, Sonic, Buffalo Wild Wing, Shopping center, Advance Auto, Family Dollar, Taco Bell for sale

1.      Burger King in West Palm Beach, FL: 3039 SF restaurant being rebuilt on .86 acre outparcel.  New 17.5 yrs NN corp lease at close of escrow.  NOI $147K/yr with 5% rent bump every 5 yrs.  $1.96M. 7.5% cap.

2.      Sonic Restaurant in Homestead, FL: 1645 SF brand new restaurant on .79 acre outparcel to Kohl's, Ross, Sports Authority, Staples, Bed, Bath & Beyond and Michael's Anchored Shopping Center in Miami suburbs.  20 yrs absolute NNN lease.  NOI $160K/yr with 7.5% rent bump every 5 yrs.  $1.89M. 8.5% cap.

3.      Bank-owned Retail Office center in Las Vegas, NV: 21,704 SF 2-story retail office building constructed in 2004.  Anchored by 11,897 SF Korean grocery store.  86% leased.  Current NOI $136K/yr. $1.68M. 8.11% cap.

4.      Buffalo Wild Wing in Tyler, TX: 6000 SF franchised restaurant built in 2008 on 1.39 acres lot in fat growing and high income city (AHI $89K/yr. in 1 mile).  15 yrs absolute NNN lease.  NOI $211K/yr with 9% rent bump every 5 yrs.  $2.561M. 8.25% cap.

5.      Advance Auto Parts in Houma, LA: 7000 SF AAP built in 2008 on ¾ ac lot in growing middle class area. 15 yrs NNN- with 12 yrs remaining.  NOI $140K/yr. $1.783M. 7.9% cap.

6.      Aetna Office Building in Columbia, SC: 40,000 SF 2-story class-A single-tenant office building on 5.89 acres lot with easy access to I-77.  20 yrs lease to Aetna (NYSE: AET, S&P rating A+) wit 8 yrs remaining.  NOI $630K/yr. $7.885M. 8% cap.

7.      Family Dollar Store in Richton park, IL: 8000 SF Family Dollar in growing and middle class Chicago suburbs.  10+ yrs NNN- lease.  NOI $99K/yr. $1.17M.  8.5% cap.

8.      Taco Bell in Muncie, IN: 3042 SF restaurant built in 2007 on .43 acre outparcel to a 259,000 SF shopping center anchored by Harbor Freight Tools, Staples, Dollar Tree, Jo-Ann Fabrics, Big Lots, and Hobby Lobby.  100% NNN corp ground lease (land is for sale) by Yum! Brands.  NOI $60K/yr with 10%n rent bump every 5 yrs (next on in 2012).  $888K. 6.75% cap now and  7.43% in 2012.

© Transmercial 2011.

01-21: Walgreens, Bi-Lo, Apartments, Kmart, CVS, Rite Aid for sale

Welcome new investors.  Each property has a brief description and an one-page 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 on the market today.

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.      Walgreens in Bremerton, WA: 14,490 SF drug store built in 2009 on 1.45 acres lot in Seattle metro (no state income tax state). 20 yrs NNN lease.  NOI $425K/yr.  with rare 17% rent bump in 1^st option.  $6.295M. 6.75% cap.

2.      Bi-Lo supermarket in Anderson, SC: 46,453 SF Bi-Lo Supermarket (200+ locations in 4 states) on 5.13 acres lot across from 672,000+ SF Anderson Mall anchored by Dillard' s, JC Penney, Belk & Sears in a stable city.  100% NNN lease with low rent of 30 cents/SF.  Tenant has been here since 1993.  NOI $168K/yr. $2.105M. 8% cap.

3.      Apartments in Waipahu, HI: 9-unit 3-story apartments in Honolulu metro.  100% occupied.  Gross revenue $129K/yr. $1.195M. 7% cap.

4.      Kmart in Cary, NC: 96,707 SF Kmart in middle class Durham suburbs.  100% NNN corp lease with 10+ yrs remaining.  NOI $300K/yr. $3.75M. 8% cap.

5.      Retail Center in Redwood City, CA: 6900 SF retail center on El Camino real in the middle of affluent Silicon Valley.  100% leased to 2 tenants: beauty salon, and tires store. NOI $75K/yr. $1.295M. 5.83% cap.

6.      CVS Drug store in Baltimore, MD: 12,608 SF drug store on .91 acre lot in densely populated area with over 550K residents in 5 miles ring.  NOI $234K/yr with rent bump to $249K/yr in 2013.  8 yrs remaining on the NNN lease.  $2.85M. 8.25% cap.

7.      Strip Center in Clemson, SC: 7440 SF strip center on 1.5 acres lot across from Bi-Lo Grocery and near SunTrust Bank, Domino's Pizza, UPS, The Marriot, Blockbuster, Gold's Gym, Bojangles, Capital Bank of SC, and Advanced Auto Parts. 100% NNN leased to 5 tenants.  NOI $94K/yr. $1.05M. 9% cap.

8.      Rite Aid in Tallmadge, OH: 2 yrs old Rite Aid on 2.33 acres lot in Akron metro.  20 yrs NNN corp lease with 18 yrs remaining. NOI $426K/yr. $4.49M. 9.5% cap.

© Transmercial 2011.

01-20: Shopping Centers, Burger King, Pollo Tropical, Apartments, Advance Auto, Dollar Tree for sale

1.      Shopping Center in Selma, CA: 16,726 SF shopping center built in 1988 on 1.72 acres lot just off Hwy 99 South of Fresno.  100% NNN leased to 10 tenants with low avg rent of $1.06/SF.  NOI $196K/yr. $2.15M.  9.12% cap.

2.      Burger King in Naperville, IL: 2917 SF restaurant built in 1998 on .57 ac outparcel to a shopping center in affluent Chicago suburbs (AHI $127K/yr within 1 mile).  100% absolute NNN leased till 2024 to an operator with 48 locations.  NOI $121K/yr with 1% annual rent bump. Price reduced to 1.495M. $8.11% cap.

3.      Pollo Tropical Restaurant in Sunrise, FL: 3361 SF chicken and Caribbean restaurant built in 2000 on .75 acre lot.  100% NNN corp lease with 12 yrs remaining to Carol Corp (NASDAG: TAST, the largest restaurant operator in the US).  NOI $129K/yr.  Store with strong sales over $1.6M.  $1.79M. 7.25% cap.

4.      Apartments in East Palo Alto, CA: 20-unit apartments on ½ acre lot close to Stanford University in affluent area (AHI $154K/yr).  100% occupied.  NOI $147K/yr.  $2.499M.  Property in bankruptcy.  Need to sell quick.

5.      Office Buildings in Roseville, CA: 11,920 SF 3-building 9-suite medical office condos constructed in 1983 in middle-class Sacramento suburbs.  100% leased.  NOI $155K/yr. $1.71M. 9.09% cap.

6.      Pollo Tropical restaurant in Lake Park, FL: 2910 SF restaurant built in 2001 on .86 ac lot in high income North Palm Beach.  Next to Walgreens and across from Target, Lowe’s and Kmart.  100% absolute NNN leased till 2023 to Carol Corp (NASDAG: TAST, the largest restaurant operator in the US).  NOI $114K/yr.  $1.425M. 8% cap.

7.      Advance Auto Parts in Macomb, MI: 7000 SF Advance Auto built in 2007 in a fast growing an affluent city (AHI $90K/yr).  100% NNN- till 2024.  NOI $174K/yr. $2.125M. 8.2% cap.

8.      Dollar Tree Store in Greensboro, NC: 10,000 SF retail store built in 2009 on an outparcel to a 99,688 SF Food Lion anchored shopping center.  Fast growing, middle class area. 10 yrs NNN- lease.  NOI $99K/yr. $1.17M. 8.5% cap.  Recession resistant tenant.

9.      Strip Center in Roswell, GA: 13,290 SF upscale retail center built in 2008 in affluent Northern Atlanta suburbs (AHI $106K/yr).  90% NNN leased to 5 tenants.  NOI $205K/yr. $2.352M. 8.75% cap.

© Transmercial 2011.

01-19: Retail center, Burger King, Dollar General, Benihana, Sonic restaurant for sale

1.      Retail Center in Hayward, CA: 5098 SF retail center on .43 ac lot near Kaiser Permanente Hospital in high income San Fran Bay Area.  100% leased to 5 tenants.  NOI $150K/yr. $1.775M. 8.5% cap.

2.      Burger King in Anaheim, CA: 2950 SF brand new restaurant on ¾ ac outparcel to Home Depot just off of I-5 exit in densely populated area (650K residents in 5 miles ring).  New 20 yrs NNN lease.  NOI $130K/yr with 10% rent bump every 5 yrs. $2.166M. 6% cap.

3.      Strip center in Corona, CA: 3825 SF strip center on .28 acre lot near.  100% leased to 2 tenants both have been here for over 10 yrs.  NOI $62K/yr. $885K.  7% cap.

4.      Dollar General in Columbia, SC: 9014 SF new Dollar General store on 1.15 acres lot.  New 15 yrs NNN lease.  NOI $99K/yr.  $1.167M. 8.5% cap.

5.      AutoZone in Fort Lauderdale, FL: 7300 SF AutoZone on .82 ac lot.  20 yrs NNN ground lease (tenant owns the building while investor owns the land).  NOI 80K/yr with 10% rent bump every 5 yrs. $1.23M.  6.5% cap.

6.      Benihana Japanese Steakhouse in Coral Springs, FL: 7107 SF Japanese Steakhouse on 1.95 acres lot in high income Fort Lauderdale metro.  100% NNN corp lease till 2028.  NOI $260K/yr with 10% rent bump every 5 yrs.  $2.975M. 8.75% cap.

7.      Sonic Restaurant in Norcross, GA: 1715 SF restaurant built in 2001 on 1.06 acres lot in high income Northern Atlanta suburbs.  Long term NNN lease with annual rent bump.  NOI $117K/yr.  $1.33M. 8.8% cap.

8.      Restaurant in Hayward, CA: 6717 SF restaurant on .63 acre lot in middle class area.  100% NNN lease with 3 yrs remaining.  NOI $124K/yr. $1.385M. 9% cap.

© Transmercial 2011.

01-18: Retail center, Office Building, Starbucks, Arbys, Dennys, apartment for sale

Welcome new investors.  Each property has a brief description and an one-page 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 on the market today.

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.      Strip center in Port Saint Lucie, FL: 8140 SF retail center built in 2007 in a fast growing city.  100% leased to 5 tenants.  NOI $163K/yr. $1.789M. 9.2% cap.

2.      Office Building in Fort Myers, FL: 17,876 SF office building constructed in 1999 as a part of 12+ acres office park in fast growing area (96% since 2000).  100% leased.  NOI $250K/yr. $2.592M. 9.7% cap.

3.      Wells Fargo Office Building in Pearland, TX: 24,994 SF class-A office building on 2.33 acres lot in high growth, high income Houston suburbs.  Anchored by Wells Fargo.  95% leased.  NOI $316K/yr. $3.2M. 9.9% cap.

4.      Starbucks Retail in Murfreesboro, TN: 3970 SF retail center built in 2006 on an outparcel to Kroger anchored shopping center.  100% NNN leased to Starbucks and Suntan City (regional tenant with 100+ locations in 7 states).  NOI $118K/yr.  with 10% rent bumps for both tenant in 2011.  $1.524M. 7.75% cap now and 8.52% cap later this year.

5.      Arby’s in Woodbury, MN: 3528 SF restaurant built in 2003 on 1.21 acres in a growing suburb in the Twin Cities metropolitan area.  Long term NNN lease.  NOI $179K/yr. $2.237M. 8% cap.

6.      Denny’s in Brooklyn Center, MN: 5250 SF family restaurant built in 1996 on 1 ac lot right off I-94 exit in St Paul metro.  100% NNN lease with 11 yrs remaining to an operator with 9 locations.  NOI $180K/yr. $2.117M. 8.5% cap.

7.      Apartments in San Francisco, CA: 7-unit well-kept apartments with 6 garages.  6 occupied units with 1 avail.  NOI $89K/yr. $899K. 10% cap.

© Transmercial 2011.