07-26: Shopping center, Office Plaza, Techna Glass, Medical office building

1.     Shopping Center in Sugar Land, TX: 96,623 SF shopping center built in 2000 at intersection of Hwy-6 and busy Blvd in affluent Houston suburbs. Anchored by Kroger Supermarket on a long term ground lease (buyer owns the land) and occupied by numerous national tenants. NOI $696K/yr.  $9.487M. 7.35% Cap.

2.     Retail Center in Fort Lauderdale, FL: 19,247 SF retail center on busy road, near Holy Cross Hospital and I-95 in high income area. New roof and parking lot paving. 91% leased. NOI $333K/yr. $4.170M. 8% Cap.

3.     Office Plaza in Northbrook, IL: 34,700 SF office building constructed in 1987 on 2.44 acres lot in very affluent (AHI $173K/yr in 3 miles) Chicago suburbs.  Easy access to I-94.  92% leased.  NOI $285K/yr.  $3.435M. 8.32% cap.

4.     Retail center in McHenry, IL: 16,203 SF retail center built in 1998 on 4.73 ac lot in Chicago suburbs.  85% leased.  Current NOI $161K/yr. $1.99M. 8.1% cap.

5.     Strip Mall in Colorado Springs, CO: 7500 SF strip center on 1.61 acres outparcel to Walmart Supercenter and Home Depot in fast growing middle class area.  100% NNN leased to 4 national tenants: Cost Cutters (Regis Corp.), Gamestop, Subway, and Batteries Plus.  NOI $186K/yr. $2.263M. 8.25% cap.

6.     Shopping Center in Marietta, GA: 12,540 SF shopping center on 1.1 acres lot in affluent Atlanta suburbs (AHI $133K/yr in 1 mile).  100% leased. NOI $172K/yr. $1.85M. 9.3% cap.

7.     Single tenant retail center in Las Vegas, NV: 3490 SF single-tenant retail center built in 2006 on ½ ac lot on a busy road in upper middle class area.  100% NNN leased to Techna Glass, a regional chain in NV, UT, and NM.  NOI 4128K/yr.  price reduced to $1.225M. 10.5% cap.

8.       Medical Office Building in Phoenix, AZ: 5013 SF class-A medical office building redeveloped in 2010 on .37 acre lot across the street from 673-bed Catholic Healthcare West's (CHW) St. Joseph's Hospital. High income area.  100% leased to 2 medical tenants.  NOI $101K/yr. $1.2M. 8.54% cap.

9.       Shopping Center in Indian Head Park, IL: 17,875 SF shopping center on 1.94 acres lot in affluent Chicago metro (AHI $120K/yr in 3 miles). 100% NNN leased to 8 tenants.  NOI $304K/yr. $3.9M. 8.5% cap.

© Transmercial 2011.

07-25: Best Buy, Super 8 Model, Strip centers, Rite Aid, Medical office building

1. Best Buy in Roanoke, VA: 45,237 SF Best Buy on 4.65 acres lot as part of a shopping center anchored by Super Target, Staple, and Petsmart.  Next to Walmart supercenter, 800,000 SF Valley View Mall and I-581.  Absolute NNN lease till 2020.  NOI $519K/yr. $5.981M. 8.85% cap.  Buyer to assume $3.87M non-recourse loan.
2. Super 8 Motel in Austell, GA: 106-unit newly-renovated motel just off I-20 exit in Atlanta metro. Originally built as a La Quinta Inn & Suites in 1986, operated as Baymont Inn & Suites through October 2009 and recently converted to Super 8.  Price reduced to $2.19M. 
3. Strip Mall in Elk Grove Village, IL: 6880 SF strip mall in middle class Chicago metro.  100% NNN leased to 6 tenants.  NOI $72K/yr. Just $855K.  9% cap. 
4. Rite Aid in Douglasville, GA: 11,275 SF Rite Aid built in 1996 on 1.92 acres lot in middle class Atlanta suburbs.  New 20 yrs NNN lease.  NOI $270K/yr.  with 10% rent bump every 10 yrs. $2.95M. 9.15% cap.  Store with strong sales revenue of over $10M/yr. 
5. Tuffy Auto in Omaha, NE: 3900 SF auto service center built in 2007 on .63 ac outparcel to Super Target and across from Walmart Supercenter.  New 20 yrs NNN- corp lease.  NOI $111K/yr with 7.3% rent bump in 2013.  $1.369M. 8.15% cap. 
6. Retail Center in Marysville, CA: 6300 SF one-year old retail center on an outparcel to a CVS pharmacy in Northern CA.  Across from Walgreens.  100% NNN leased to 4 good tenants: Starbucks, Tri-Counties Bank, Yogurt store and Wireless store.  NOI $202K/yr. $2.85M. 7.12% cap. 
7. Single-tenant Retail center in Orlando, FL: 33,315 SF retail center on 2.37 acres corner lot.  $1.2M renovation in 2007 by tenant. 15 yrs absolute NNN corp lease to HHgregg, a publicly traded electronics and appliance retail with 174 store network.  NOI $522K/yr. $6.33M. 8.25% cap. 
8. Medical Office Building in Phoenix, AZ: 12,510 SF multi-tenant medical office building on 1 ac lot.  83% NNN leased.  Current NOI $172K/yr. $1.85M. 9.3% cap. 
9. 7-11 center in Corona, CA: 4385 SF retail center on .37 acre corner lot in Southern CA.  100% occupied by 7-11 (new 10 yrs lease), and an insurance tenant.  NOI $103K/yr. $1.433M. 7.25% cap. 
10. 7-11 center in El Cajon, CA: 4500 SF retail center on .46 ac lot in San Diego metro.  100% leased to 7-11 (new 10 yrs lease) and a Laundromat.  NOI $113K/yr. $1.505M. 7.51% cap.

© Transmercial 2011.

07-22: Walgreen's, Fresenius Medical Care, KFC Restaurant, Shopping Center

1. Walgreens in Pueblo, CO: 24-hrs drug store with drive-thru constructed in 2000 on 2.58 acres lot at a busy signalized intersection close to Hwy 50/I-25. NNN- leased till 2020. NOI $411K/yr. $5.202M. 7.9% Cap. 
2. Fresenius Medical Care in Jackson, MI: 8000 SF Class-A 2-yr old medical building near Allegiance Health Hospital. 15 yrs NNN- lease with 13 yrs remaining. NOI $245K/yr with 1% annual rent escalations. $2.978M. 8.25% Cap. 
3. Mixed-Use Center in Lawndale, CA: 43,256 SF retail/office center on 2.63 ac lot at heavily traveled blvd with huge monument-sign near I-405 in Southern CA. 90% leased. NOI $699K/yr. $9.9M. 7.07% Cap.  
4. Shopping Center in Mansfield, TX: 40,068 SF shopping center built in 2001 next to Wal-Mart in Dallas/fort Worth MSA. 71% NNN leased by national/regional tenants. NOI $383K/yr. $5.250M. 7.30% Cap. Upside potential. 
5. KFC in Roanoke Rapids, NC: KFC well-performing restaurant built in 2007 adjacent to Wal-Mart Supercenter close to Halifax Regional Medical Center and I-95. 17-yrs NNN lease. NOI $135K/yr. $1.652M. 8.20% Cap. Store with strong sales revenue of $1.58M. 
6. Office Business Park in Broomfield, CO: 115,968 SF business park on 11.88 acres of land near Flatiron Crossing Mall. 95% leased. NOI $1.244M. $14.350M. 8.67% Cap. Upside potential as tenants are paying low rent.  
7. Shopping Center in Lancaster, CA: 32,662 SF attractive shopping center built in 2005 at high traffic intersection in Los Angeles county. Anchored by Family Dollar store and shadow-anchored by CVS Pharmacy. 100% leased. NOI $415K/yr. $5.250M. 7.91% Cap. 

© Transmercial 2011.

07-21: Jiffy Lube, Dennys, Tire Kingdom, Walgreens, Amscot

1.       Jiffy Lube in Port Orchard, WA: 2168 SF Jiffy Lube built in 1994 on .42 ac lot in Seattle metro.  20 yrs NNN lease to an operator with 440 stores.  NOI $66K/yr with 10% rent bump every 5 yrs.  Only %$833K. 8% cap.

2.       Denny’s in Dallas, TX: 4546 SF being-remodeled Denny’s family restaurant on ¾ ac lot next to I-20 exit.  New 20 yrs absolute NNN lease to an operator with 52 Dennys and 74 Burger Kings.  NOI $119K/yr. $1.594M. Store with strong sales of $1.495M.  7.5% cap.

3.       Rite Aid in Marietta, GA: 10,908 SF drug store built in 1997 on 1.59 acres outparcel to Target.  Across from Home Depot, Publix Supermarket and Kroger in affluent Atlanta suburbs (AHI $117K/yr in 3 miles).  100% absolute NNN lease with 6 yrs remaining.  NOI $224K/yr with rent bump every 5 yrs. $2.425M. 9.25% cap.

4.       Tire Kingdom Auto Center in Tarpon Spring, FL: 5998 SF auto center built in 2003 on ¾ ac lot in affluent Tampa suburbs (AHI $113K/yr in 1 mile).  100% NNN leased to Tire Kingdom (national tenant), and T-Mobile (cell tower only).  NOI $181K/yr with 2% and 3% annual rent bumps.  $2.423M. 7.5% cap.

5.       Walgreens in Denver, CO: 13,905 SF drug store rebuilt in 1996 on 1.13 acres lot on a major artery in high income area (AHI $86K/yr in 1 mile).  Tenant has been here since 1950.  100% NNN lease till 2022.  NOI $326K/yr. $4.505M. 7.25% cap.

6.       Amscot Financial in Orlando, FL: 3200 SF single-tenant retail center on .36 ac lot on a busy artery.  10 yrs NNN lease to Amscot Financial, a major regional tenant in FL.  NOI $132K/yr.  $1.65M. 8% cap

© Transmercial 2011.

07-20: shopping centers, Carls Jr, Starbucks, Best Buy, Pizza Hut

Welcome new investors.  Each property has a brief description and a 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 between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

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 Mall in Milpitas, CA: 9884 SF strip center on .64 ac lot near I-680 exit in affluent city in Silicon Valley (AHI $115K/yr in 1 mile).  Shadow anchored by Lucky Supermarket, Fitness USA, Rite Aid, O'Reilly Auto Parts.  NOI $164K/yr.  $2.25M. 7.2% cap. 
2. Shopping Center in Glendale, AZ: 91,563 SF mature shopping center on 7.18 acres lot in upper middle class Phoenix metro (AHI $84K/yr).  Anchored by Big Lots!  93% NNN leased to 20 tenants with just 1 vacant unit.  NOI $769K/yr.  Price reduced from $9.5M to $8.995M. 8.52% cap. 
3. Carl’s Jr in Las Vegas, NV: 3198 SF Carl’s Jr built in 2007 on .62 ac in high growth, high traffic area in North Las Vegas.  25 yrs absolute NNN lease with 21 yrs remaining to an operator with 40 units.  NOI $147K/yr. with 12% rent bump every 5 yrs.  $2.1M. 7% cap. 
4. Starbucks in Weslaco, TX: 1750 SF Starbucks coffee built in 2008 on .54 ac outparcel to 191,000-Square Foot Ross and Bealls Anchored Center and across from Home Depot.  High growth McAllen metro.  10 yrs corp NNN lease with 8 yrs remaining.  NOI $84K/yr with 10% rent bump every 5 yrs.$1.12M 7.5% cap. 
5. Best Buy in Pueblo, CO: 20,044 SF Best Buy store built in 2007 on 3 acres lot near I-25 in high growth area.  100% NNN- corp lease till 2018.  NOI $274K/yr. with 3% rent bump every 5 yrs.  $4.076M. 6.73% cap. 
6. Shopping Center in Mason, OH: 20,150 SF multi-tenant shopping center built in 2005 on 2.5 acres outparcel to a new Walmart Supercenter in high growth (108% since 2000) high income (AHI $96K/yr in 3 miles) Cincinnati suburbs. 89% leased to 7 good tenants (AAA, GameStop, Supercuts).  NOI $326K/yr. $3.95M. 8.25% cap. 
7. Strip Center in Hiram, GA: 7488 SF strip center built in 1997 on an outparcel to Walmart supercenter and across from Big-K in fast growing Atlanta suburbs.  100% NNN leased to 2 tenants: Sears and an Orthodontist.  NOI $171K/yr. Price reduced from $2M to $1.725M. 9.92% cap. 
8. Retail Center in Sugar Land, TX: 16,800 Sf retail center built in 2004 on 1.79 acres lot on Hwy 6 in fast growing middle class Houston suburbs.  100% NNN leased.  NOI $160K/yr. $$1.725M. 9.32% cap. 
9. Pizza Hut in West Carrollton, OH: 2631 SF Pizza Hut on .55 ac lot in Dayton metro.  20 yrs NNN lease to an operator with 105 restaurants.  NOI $80K/yr with 1.5% annual rent bump. $1.006M. 8% cap.

© Transmercial 2011.

07-19: CVS Pharmacy, Children of America, Air System Components, Office Buildings for sale

1.     CVS Pharmacy in Daytona Beach, FL: 10,981 SF drugstore at a busy intersection (50,000 CPD) near Halifax Medical Center, Daytona Mall and Volusia Mall. 100% NNN- leased. NOI $291K/yr. $3.89M. 7.5% Cap.

2.     Children on America in Charlotte, NC: 11,067 SF day facility built in 2010 in fast growing & well-off (AHI $73K/yr within 1-mile) neighborhood. 15-year absolute NNN lease commencing 7/11 with a 5-year corporate guarantee. NOI $238K/yr with 2.5% annual rent increases. $2.8M. 8.5% Cap.

3.     Office Buildings in Palm Harbor, FL: 11,864 SF Class-A office buildings completed in 2001 fully occupied by solid tenants. High income Tampa metro.  NOI $179K/yr. $2.444M. 7.30% Cap.

4.     Office Building in Richardson, TX: 28,880 SF single-tenant office building constructed in 2000 on 2.2 acres lot.  Prominent retail location close to US-75 in affluent Dallas suburbs. Solid tenant since 2000. 100% leased by Air System Components till 2021. NOI $314K/yr with rent increases in 2014/2017/2019. $3.7M. 8.5% Cap.

5.     Office Building in Santa Clara, CA: 31,157 SF well-maintained multitenant office building in thriving Silicon Valley.  Along busy corridor near San Jose International Airport and Hwy-101/880/87. $ 3.350M. Only $107.52 per SF.

6.     Retail Center in Hurst, TX: 6820 SF four-tenant retail center in close proximity to North East Mall and Hwy-820 in Dallas/Fort Worth MSA. 100% NNN leased. NOI $86K/yr. $986K. 8.81% Cap.

7.     Retail Center in Raleigh, NC: 10,000 SF recently remodeled retail building built in 2005 along busy blvd. 100% NNN leased to long-term tenants. NOI $126K/yr. $1.8M. 7% Cap.

© Transmercial 2011.

07-18: Walgreens, O'Reilly, KFC, Wendy's, Office Building, Childcare Center

Welcome new investors.  Each property has a brief description and a 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 between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

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 Tucson, AZ: 15,525 SF drug store built in 1996 on 1.96 acres lot at an intersection.  100% NNN- lease till 2016.  NOI $252K/yr. Store with strong sales revenue of $7M (profitable and likely to renew lease).  $2.933M. 8.5% cap.

2.       Alfredo’s Mexican restaurant in Los Angeles, CA: 1584 SF highly-rated drive thru restaurant on ¼ ac corner lot in densely-populate area with over 1.1M residents in 5 miles. 10 yrs NNN lease till 2015.  NOI $79K/yr. Only $899K.  8.88% cap.

3.       O’Reilly Auto Part in Lynn Haven, FL: 6944 SF O’Reilly built in 2010 on .64 ac lot in Panama city metro.  20 yrs NNN corp lease to O’Reilly (NASDAG ORLY).  NOI $102K/yr. with 6% rent bump in 2020.  $1.307M. 7.8% cap.

4.       KFC in Charlotte, NC: 2718 SF KFC on ½ ac lot in high income area.  Tenant has been here since 1986.  New 20 yrs NNN lease to a franchisee with 9 stores.  NOI $75K/yr. $1M.  7.5% cap.  Tenant will spend $300K from sales proceed to renovate the restaurant after close of escrow.

5.       Wendy’s in Surprise, AZ: 2137 SF Wendy’s restaurant built in 2009 on .87 ac outparcel in front of Kohl’s in high growth (1200% since 2000), high income (AHI 94K/yr in 1 mile) Phoenix metro. 15 yrs absolute NNN ground lease till 2023 (land is for sale) to an operator with 18 stores.  NOI 72K/yr with 12% rent bump every 5 yrs (next on in 11/2013).  $1.074M. 6.75% cap now (7.58% in 2013).

6.       Walgreens in Nashville, TN: 14,560 SF Walgreens on 1.67 acres corner lot.  100% absolute NNN lease till 2029.  NOI $371K/yr. $5.122M. 7.25% cap.

7.       Strip Mall in Indianapolis, IN: 5936 SF strip center built in 2007 on .86 ac corner lot next to Walgreens in high income area.  100% NNN leased to Starbucks, Subway and Verizon Wireless.  NOI $157K/yr. $1.907M. 8.25% cap.

8.       Office Building in Las Vegas, NV: 27,102 SF 3-story office building with attached parking garage on busy Sahara Avenue.  73% occupied.  Current NOI $195K/yr. $2.3M. 8.5% cap.  Just $85/SF.  Upside potential when fully leased.

9.       Childcare Center in South Elgin, IL: 10,000 SF childcare center built in 2009 on .91 ac corner lot in affluent (AHI $119K/yr) Chicago suburbs.  100% NNN corp leased to Children of America.  NOI $238K/yr with 2.5% annual rent bump.  $2.739M. 8.7% cap.

© Transmercial 2011.

07-15: Retail centers, Advance Auto, Arbys, CVS, Office Building

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. Retail Center in Lawrenceville, GA: 13,065 SF bank-owned retail center on 1.40 ac lot with excellent tenant visibility alongside busy highway in high income Atlanta metro (AHI $114K/yr in 1 mile). 87% NNN leased 6 tenants with 2 small vacant units. NOI $132K/yr. $1.2M. 11% Cap. 
2. Strip Center in Fort Lauderdale, FL: 13,018 SF well-maintained strip center on 2.30 ac lot at high traffic location close to I-95. 90% leased. NOI $90K/yr. $1.301M. 7% Cap.   
3. Retail Center in Lauderdale Lakes, FL: 17,916 SF mature retail center at a highly visible location. 100% leased to 8 established tenants. NOI $187K/yr. $2.239M. 8.4% Cap. 
4. Two-Tenant Retail Building in Indianapolis, IN: 8325 SF 4-year old retail building near Greenwood Park Mall. 100% NNN leased to Flagstar Bank and Family Christian Store. $2.450M. 
5. Advance Auto Parts in Arnold, MO: 7000 SF free-standing auto parts store built in 2000 along busy blvd near I-55 in Saint Louis metro.  Recently exercised 1^st renewal option. 100% NNN- Corporate lease with 6 yrs remaining. NOI $99K/yr. $1.212M. 8.25% Cap. 
6. Medical Building in San Jose, CA: 10,000 SF Class-B multi-tenant medical building near Santana Row, Valley Fair Mall and Hwy-280/880/17. 91% leased. NOI and price not avail. 
7. Arby’s in Chattanooga, TN: 2511 SF restaurant on .57 ac lot outparcel to Food Lion, Big Lots and Fred’s anchored-center. New 20-year NNN lease to an operator with 70 stores. NOI $59K/yr with 7.5% rent increases every 5 years. Only $721K. 8.25% Cap. 
8. Retail Center in Apple Valley, CA: 16,435 SF newly constructed retail center on 1.84 ac lot outparcel to The Home Depot. 83% NNN leased. NOI $395K/yr. $4.2M. 9.42% Cap.
9.  CVS in Levittown, PA: 10,125 SF drug-store built in 2000 on 1.5 acres lot in  middle class Philadelphia metro.  100% NNN- till 2028.  High volume location.  NOI $312K/yr. $4.433. 7.05% cap.
10.  Office Building in Anaheim, CA: 13,500 SF office building on .82 acre lot on a busty artery in densely-populated middle class city in Orange county.  90% occupied.  NOI $124K/yr. $1.75M. 7.1% cap.

© Transmercial 2011.

07-14: Walgreen's, Lowes Center, El Pollo Loco, El Torito for sale

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.     Lowe’s Distribution Center in White House, TN: 252,000 SF recently expanded distribution center (for 226 Lowes stores) on 37.67 acres of land next to I-65 & about 25 miles North of Nashville. 100% NNN- corporate lease to Lowes (S&P rating of A+). NOI $609K/yr. $8.750M. 8.15% Cap.

2.     Walgreen’s in McFarland, WI: 14,550 SF retail building constructed in 2007 on 1.34 ac lot across from Pick ‘n Save along busy road (20,800 VPD) in Madison metro.  Absolute NNN corporate lease till 2032. NOI $284K/yr. $4.116M. 6.9% Cap. Buyer to assume $3.370M non-recourse loan at low 5.93% interest due in 2017.

3.     Shopping Center in Pensacola, FL: 49,768 SF 4-yrs old shopping center on 9.20 acres of land across from The Home Depot/Wal-Mart. 95% NNN leased to 3 national tenants: Office Depot, Ross and Chilis (Chili’s Restaurant is on Ground Lease). NOI $434K/yr. $5.830M. 7.45% Cap.

4.     Retail Center in Apple Valley, CA: 6417 SF retail center built in 2007 outparcel to The Home Depot across from Lowe’s and Stater Bros. 86% NNN leased to great tenant mix: Taco Bell, Hertz, US Army and Jewelry Store. NOI $224K/yr. $2.150M. 10.42% Cap.

5.     Advance Auto Parts in Poinciana, FL: 7292 SF single-tenant retail building on a pad site to Wal-Mart in growing middle-class neighborhood. Long NNN corporate lease. Store with strong sales of over $2M.NOI $95K/yr with 10% rent increase in 2014. $1.325M. 7.22% Cap.

6.     El Pollo Loco in Atlanta, GA: 3210 SF free-standing restaurant built in 2007 on .75 ac lot along busy highway. Long absolute NNN ground lease (landlord owns land). NOI $86K/yr. $1.232M. 7% Cap.

7.     Shopping Center in Sugar Land, TX: 96,623 SF shopping center on 10.7 acres parcel at a signalized intersection on Hwy-6 in affluent Houston metro. Anchored by Kroger supermarket. NOI $696K/yr. $9.487M. 7.35% Cap.

8.     El Torito in Fresno, CA: 7790 SF restaurant on .95 ac lot close to Community Regional Medical Center minutes from Amtrak, City Hall and Courthouse. Absolute NNN corporate lease till 2018. NOI $126K/yr. $2.1M. 6% Cap.

© Transmercial 2011.

07-13: Shopping centers, Tuffy Auto, Burger King, Fresenius

1.       Shopping Center in Wake Forest, NC: 21,860 SF upscale retail center built in 2005 on 2.36 acres lot in Raleigh suburbs.  95% NNN leased with1 small vacant unit.  NOI $341K/yr.  $3.9M. 8.75% cap.

2.       Shopping Center in Allen, TX: 14,743 SF 8-unit retail center built in 1996 on 1.7 acres lot across from Target and Home Depot in affluent Dallas suburbs (AHI $119K/yr).  82% NNN leased with 2 vacant units.   Current NOI $222K/yr. $2.5M. 8.89% cap.  Upside potential when 100% leased.

3.       Strip Mall in Indianapolis, IN: 9076 SF strip mall built in 2010 on a .97 acre outparcel to Washington Square Shopping center in fat growing middle class area. 100% NNN leased to 3 brand name tenants: the Vitamin Shoppe, Jimmy John’s Gourmet sandwiches, and Aspen Dental. NOI $235K/yr. $2.858M. 8.25% cap.

4.       Retail Center in Mason, OH: 8878 Sf retail center built in 2006 on 1.73 acres lot in fast growing upper-middle class Cincinnati suburbs.  Shadow anchored by Walmart.  100% NNN leased to 4 good tenants: Starbucks, FedEx, Mattress Firm, Verizon. NOI $219K/yr. $2.5M. 8.77% cap.

5.       Retail center in Texas City, TX: 6861 SF retail center on ¾ acres corner parcel in Houston metro.  Renovated in 2010.  100% NNN leased to 3 tenants: H&R Block, Verizon, and Schlotzskys Deli. NOI $129K/yr. $1.528M. 8.5% cap.

6.       Tuffy Auto in Omaha, NE: 3900 SF auto center built in 2007 on an outparcel to a  Super Target in affluent area with AHI over $102K/yr in 1 mile ring.  New 20 yrs absolute NNN corp lease to Tuffy Auto with 220 locations in 20 states. NOI $11K/yr. with 7.3% rent bump in 2013.  $1.369M. 8.15% cap.

7.       Shopping Center in Glen Allen, VA: 9763 SF shopping center built in 2002 on 1.3 acres outparcel to a 266,000 SF power center in growing Richmond metro with AHI of $75K/yr.  Close to I-295. 100% NNN leased to Starbucks, Papa John' s Pizza (NASDAQ PZZA), Quizno's Subs, T-Mobile, Atlantic Tanning, and GameStop.  NOI $312K/yr. $4M. 7.8% cap.

8.       Shopping Center in Madison, WI: 18,195 Sf attractive shopping center built in 2008 in growing upper middle class area.  Shadow anchored by Super Target.  100% NNN leased.  NOI $456K/yr. $4.9M. 9.32% cap.

9.       Burger King in Oklahoma, OK: 3000 SF restaurant on .69 ac lot next to I-240.  New 20 yrs absolute NNN lease to a 30-yrs veteran franchisee.  NOI $97K/yr. with 1.75% annual rent bump.  $1.256M. 7.75% cap.

10.   Fresenius Dialysis in Salem, OR: 5916 SF dialysis center built in 2010 on .98 ac lot in a growing middle class area. 100% NNN leased till 2020.  NOI $233K/yr. $2.915M. 8% cap.

© Transmercial 2011.

07-12: Napa Auto Parts, Walgreen's, Burger King, Office Building, Community Center for sale

1.     Napa Auto Parts in Lakewood, CO: 22,166 SF auto parts store renovated in 2008 in densely populated and middle-class Denver area. NNN- corp lease till 2021. NOI $135K/yr with 10% rent bumps every 5-years. $1.862M. 7.25% Cap.

2.     Walgreen’s in Colorado Springs, CO: 15,120 SF drug store built in 2000 at a signalized intersection. Well performing store currently paying low rent. 100% NNN- corporate lease till 2020. NOI $423K/yr. $5.464M. 7.75% Cap.

3.     Burger King in Colorado Springs, CO: 3267 SF fast-food restaurant across from Chapell Hill Mall near I-25 in affluent area. Absolute NNN lease with 8-yrs remaining on lease. Guaranteed by one of the largest franchisees in CO. NOI $92K/yr with 5% rent increase in 2014. $1.157M. 8% Cap.  

4.     Retail Center in Irving, TX: 11,200 SF retail center on over 1 ac lot at prime retail location close to I-635/Hwy-14. 74% leased. NOI $133K/yr. $1.650M. 8.10% Actual Cap. Upside Potential.

5.     Strip Center in Wauconda, IL: 10,000 SF strip center built in 2007 in growing well-off (AHI $111K/yr) Chicago metro. 100% leased by 4-tenants. NOI $202K/yr. $2.250M. 9% Cap.

6.     Shopping Center in Glendale, AZ: 91,563 SF well-maintained shopping center on 7.18 acres lot at a busy signalized intersection. Anchored by Big Lots. 93% leased. NOI $769K/yr. $8.995M. 8.52% Cap. Upside potential when fully occupied.

7.     Office Building in American Folk, UT: 11,736 SF attractive 4-year old multi-tenant office building in fast growing middle-class South of Salt Lake City suburbs. 100% NNN leased. NOI $105K/yr. $1.2M. 8% Cap.

8.     Shopping Center in Shakopee, MN: 51,863 SF shopping center on 5.94 acres parcel. Anchored by Goodwill and Dollar General with easy access to Hwy-169 in Minneapolis suburbs. 88% NNN leased. NOI $348K/yr. $4.250M. 8.20% Cap.

9.     Strip Center in Austin, TX: 14,717 SF brick/stone strip center built in 2004 on 2.48 ac lot just off of Hwy-183. 82% leased. NOI $272K/yr. $3.150M. 8.70% Pro Forma Cap.

10.  Community Center in Conroe, TX: 112,169 SF center with excellent visibility minutes from I-45 in Houston metro. 89% leased. NOI $642K/yr. $7.140M. 9% Cap. 

© Transmercial 2011.

07-11: Fresenius, Shopping Center, Apartments, Rite Aid. Retail condo

1.       Fresenius Medical in Greensboro, NC: 15,105 SF build to suit dialysis center built in 2000 on 3 acres lot.  100% NNN- lease.  Tenant just renew lease till 2021.  NOI $285K/yr with CPI annual rent bump not less than 2.5%.  $3.529M. 8% cap.

2.       Strip Center in Crystal Lake, IL: 10,313 SF strip center built in 2007 on 1.33 acres lot in Chicago suburbs.  Shadow anchored by Walmart.  100% leased to all brand name tenants: Starbucks, Verizon, Sally Beauty, Great Clips, Cash Store, & GameStop.  NOI $336K/yr. $3.995M. 8.43% cap.

3.       Shopping Center in Glendale Heights, IL: 89,631 SF mature shopping center on 11 acres lot in upper middle class Chicago metro (AHI over 87K/yr in 3 miles).  Anchored by Dollar Tree, Fresenius, Anytime Fitness, and Tricoci University.  NOI $758K/yr. $9.14M. 8.3% cap.

4.       Shopping Center in Coral Springs, FL: 26,243 SF well-maintained shopping center built in 1993 in Fort Lauderdale metro. 95% occupied by 16 tenants with just 1 small vacant unit.  NOI $271K/yr. $3.176M. 8.56% cap.

5.       Apartments in Tucson, AZ: 60-unit apartments built in 1994 in stable area.  NOI $129K/yr. Priced for quick sale at $1.5M. 8.6% cap.

6.       Rite Aid in Virginia Beach, VA: 10,908 SF drug store built in 2000 on 1.62 acres lot near I-264 exit.  100% NNN lease with 9 yrs remaining.  NOI $368K/yr. $3.95M. 9.34% cap.  Buyer to assume $2.94M loan at low 5.5% interest.

7.       Shopping Center in Layton, UT: 45,837 SF shopping center on 3.4 acres corner lot in high income Salt Lake City metro.  NOI $517K/yr. $5.9M. 8.7% cap.

8.       Retail Condo in Hayward, CA: 3000 SF retail condo as part of a shopping center in front of Target near I-880 exit in high income area (AHI $91K/yr).  100% NNN corp lease to T-Mobile till 2016.  NOI $108K/yr. $1.44M. 7.5% cap.

© Transmercial 2011.

07-08: shopping centers, Jack in the Box, Apartments, Wedding Facilities, PNC Bank

1.       Shopping Center in Baytown, TX: 30,600 SF shopping center built in 2007 on 4.86 acres lot in Houston suburbs.  Anchored by Dollar Tree and surrounded by National retailers such as Lowes, Wal-mart, Home Depot, Hobby Lobby.  93% NNN leased.  NOI $450K/yr. $5.3M. 8.5% cap.

2.       La Petite Academy in Lancaster, CA: 6635 SF childcare center built in 1986 on 1.06 ac parcel in Los Angeles.  100% leased to La Petite Academy, a national childcare provider.

3.       Jack in the Box in El Sobrante, CA: 2418 SF restaurant .4 ac lot in San Fran Bay Area.  100% absolute NNN leased till 2022.  NOI $86K/yr with CPI-based rent bump not to exceed 8%  every 5 yrs. $1.389M. 6.25% cap.

4.       Apartments in Stone Mountain, GA: 144-unit REO apartments on 14 acres lot across from Wade Walker county park in middle class Atlanta metro.93% occupied.  NOI $396K/yr. $4.3M. 9.21% cap.

5.       Shopping Center in Fort Worth, TX: 28,344 SF shopping center built in 2005 on 4.74 acres lot next to Walmart.  90% NNN leased 9 tenants with 1 avail unit.  NOI $444K/yr.  $5.3M. 8.38% cap.

6.       Wedding Facilities in Denver, CO: 2 special purpose buildings designed for wedding receptions, private parties with combined 16,016 SF.  15 yrs absolute NNN lease to Crystal Rose with 5 locations in Denver.  NOI $285K/yr with 2% annual rent bump.  $3.2M. 8.91% cap.  This is a sale and lease back.

7.       Shopping Center in Aurora, CO: 34,463 SF mature shopping center on 3.9 acres lot in Denver metro.  100% NNN leased to 21 tenants.  NOI $388K/yr with low average base rent less than $1/SF/month (this means tenants are likely to stay and upside potential).  $4.89M. 8.32% cap.

8.       PNC Bank in Milwaukee, WI: 1800 SF newly renovated PNC Bank (A+ S&P rating and $17B in revenue) building on .38 ac corner lot in front of Aldi grocery and across from Walmart, Big Lots! and Office Depot.  10 yrs NNN- lease.  NOI $113K/yr. $1.607M. 7% cap.

© Transmercial 2011.