08-24: El Pollo Loco, Davita, Shopping centers, Applebee's, O'Chalrey's

1. El Pollo Loco in Atlanta, GA: 3210 SF free-standing retail building constructed in 2007 on .75 ac lot outparcel to new Aldi Grocery anchored center along busy retail corridor. 100% absolute NNN corporate ground lease (only land is for sale) till 2022. NOI $75K/yr. $1.232M. 7% Cap. 
2. DaVita in Sanford, FL: 8586 SF medical building constructed in 2005 across from Central Florida Regional Hospital in Orlando MSA. 100% NNN corporate lease till 2020. NOI $250K/yr with CPI-based rental increases every 3 yrs. $3.158M. 7.94% Cap. 
3. Strip Center in Moraga, CA: 4096 SF strip center anchored by 7-Eleven in affluent (AHI $139K/yr within 3-miles) San Fran Bay Area . 100% NNN leased to 3 tenants with 1 10 yrs lease from 7-Eleven. NOI $102K/yr. $1.460M. 7% Cap.  
4. Shopping Center in Hillside, IL: 25,496 SF shopping center on 1.90 ac lot across from 1+M SF corporate center at a signalized intersection. Middle-class Chicago suburbs. 94% leased. $5.4M. NOI/Cap not avail.   
5. Office Building in Clarksville, TN: 4900 SF Class-B single-tenant office building near hospital and next to Hwy-79. 100% leased. NOI $69K/yr. $864K. 8% Cap. 
6. Distressed Shopping Center in Mount Prospect, IL: 32,188 SF well-maintained shopping center on 2.86 ac lot in high income Chicago metro.  Excellent tenant mix: El Sombrero Restaurant, Dental Office, Best Vision Optometry, Enagic, USA and Spa One at high traffic location. $4M. NOI/Cap not avail.  
7. Retail Center in Jonesboro, GA: 10,000 SF retail center built in 2002 on 1.20 ac corner lot along main retail corridor in fast growing area. 75% leased. Current/Pro forma NOI $56K/$78K.  $750K.  7.46% cap.  Upside potential when 100% leased. 
8. Applebee’s in Fort Collins, CO: 4700 SF sit-down family restaurant on .82 ac lot shadow-anchored by TJ Maxx, across from Target and near Foothills Mall. High income Denver suburbs.  Over 15-yrs remaining on absolute NNN lease. NOI $125K/yr with 8%-10% rental increases every 5 yrs. $1.537M. 8.15% cap.  
9. O’Charley’s Restaurant in Richmond, VA: 7050 SF all brick restaurant built in 2001 on over 2 ac lot off of I-64 in high income area (AHI $85K/yr). Long absolute NNN corporate lease to O’Charley’s  with 235 locations. NOI $186K/yr with 1.75% annual rent increases. $2.485M. 7.5% Cap.

© Transmercial 2011

08-23: Medical office, Retail Condo, Sears Outlet, Arbys, Ford Motor, Retail center

Welcome new investors.  Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined names if any indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing broker.  If so, please cooperate.

·         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. Medical Office building in Grapevine, TX: 10,728 SF class-A medical office building in high income low unemployment Dallas suburbs (AHI $118K/yr in 3 miles radius). Close to Baylor Grapevine Hospital.  100% NNN leased to 4 medical tenants: Dentist, Dermatologist, Ophthalmologist, Family Practice/Sports Medicine.NOI $184K/yr. $2.166M. 8.5% cap. 
2. Retail Condo in Antioch, CA: 3012 SF retail condo as part of a 2 tenant retail center (the other tenant is Bank of The West) on an outparcel to a shopping center anchored by CVS, 99 Cents Only, and Big Lots!.  Across from County East Mall and near Hwy 4 exit in San Francisco suburbs.  10 yrs NNN lease to Mountain Mike Pizza, a regional tenant with 150 locations.  NOI $74K/yr with 5% rent bump every 3 yrs.  Only $926K. 8% cap.  Great for first time investors! 
3. Office Building in Oxnard, CA: 20,714 SF 2-story office building completed in 1990 on 1.57 acres lot in high income area.  95% leased to 7 tenants with two 600 SF units avail.  NOI $307K/yr.  $3.6M. 8.52% cap. 
4. Sears Outlet in Reynoldsburg, OH: 33,016 SF single-tenant retail center built in 1997 on 2.96 acres corner lot in front of Lowes in fast growing and strong income Columbus suburbs.  Fully renovated in 2011.  New 5.5 yrs NNN lease to Sears Outlet.  NOI $184K/yr. $2M. 9.24% cap. 
5. Medical Office Building Murrieta, CA: 32,852 SF class-A state-of-the-art medical office building completed in 2004 in fast growing (103% since 2000) & high income city in Riverside county.  Visibility & easy access to I-215.  Just blocks from 134-bed acute care Rancho Springs Medical Center.  00% leased.  NOI and price not avail. 7.5% cap. 
6. Arby’s in Fort Worth, TX: 2964 SF Arby’s restaurant built in 2008 on over 1 ac lot close to Walmart and Hulen Mall in high income area.  20 yrs absolute NNN corp ground lease with 17 yrs remaining (land is for sale).  NOI $93K/yr with 10% rent bump every 5 yrs. $1.36M. 6.87% cap. 
7. Ford Motor in Dearborn, MI: 57,600 SF office building on 5.82 acres lot in high income area. 9 yrs NNN lease with 6 yrs left to Ford Motor Company.  NOI $609K/yr. $6M. 10.29% cap. 
8. Office/Retail Building in Wauwatosa, WI: 30,639 SF 2-story retail/office building across from 1.1M SF 180-store Mayfair Mall in affluent Milwaukee suburbs.  96$ leased.  Major tenants include US Cellular, Family Christian Bookstore and Midwest Rehab.  NOI $422K/yr.  $4.8M. 8.8% cap. 
9. Retail center in Royal Palm Beach, FL: 30,520 SF retail center built in 2000 on 3.19 acres lot in high income Palm Beach county.  100% NNN leased to 2 national tenants: Office Depot and Mattress Giant.  NOI $484K/yr. $4.85M. 10% cap.

© Transmercial 2011.

08-22: Shopping centers, Advance Auto, Walgreens, Starbucks, Burger King

1. Shopping Center in Brighton, CO: 57,271 SF shopping center on 4.83 acres lot as part of a shopping center anchored by Kmart in fast growing Denver suburbs.  100% NNN leased to 2 national/regional tenants: Big Lots, and Mi Pueblo Market (regional tenant with 5 stores in Denver).  NOI $371K/yr. $4.535M. 8.19% cap. 
2. Advance Auto Parts in Scotch Plains, NJ: 6120 SF AAP built in 2009 on .79 ac lot in affluent NY suburbs (AHI $127K/yr in 1 mile).  15 yrs NNN lease with 13 yrs remaining.  NOI $205K/yr. $2.77M. 7.4% cap. 
3. Office Building in Plantation, FL: 32,688 SF 2-story class-B office building in Fort Lauderdale metro.  100% leased to 2 tenants: Bank of America (7 yrs lease) and Chrysalis Health (10 yrs lease).  NOI $493K/yr. $6M. 8.22% cap. 
4. Walgreens in El Mirage, AZ: 14,440 SF Walgreens built in 2001 on 1.78 acres lot in fast growing (158% since 2000) Phoenix suburbs.  20 yrs NNN- with 10 yrs remaining.  NOI $344K/yr.  $4.44M. 7.75% cap.  Buyer to assume $3.393M non-recourse loan at 5.75% interest. 
5. Bank-owned Apartments in Fresco, CA: 24-unit apartments within walking distance to Fresno State University.  83% occupied.  NOI $92K/yr.  $899K.  10.23% cap. 
6. Walgreens in Gurnee, IL: 13,905 SF Walgreens built in 1997 on 2.1 acres lot at signalized corner on a major artery in affluent Chicago suburbs (AHI $112K/yr in 1 mile).  100% NNN- with 6 yrs remaining.  NOI $276K/yr.  Store with strong sales revenue of $8.25+M/yr.  (very profitable and highly like to extend the lease).  $3.45M.  8% cap. 
7. Starbucks in Weslaco, TX: 1750 SF Starbucks built in 2008 on ½ ac outparcel to 191,000-Square Foot Ross and Bealls Anchored Center and directly across from The Home Depot in McAllen metro.  100% NNN- with 7 yrs remaining.  NOI $84K/yr with 10% rent bump in 2013 and 5 yrs thereafter. $1.12M. 7.5% cap. 
8. Shopping Center in Fort Worth, TX: 28,344 SF shopping center built in 2005 on 4.74 acres lot in front of Walmart Supercenter in high income area.  90% NNN leased to 9 tenants, 5 of them national. Just 1 vacant unit. Pro forma NOI $444K/yr. $5.3M. 8.38% cap. 
9. Bank-owned Retail Center in Lake City, GA: 19,200 SF retail center in Atlanta metro.  100% leased.  NOI N/A $1.2M. Just $62/SF! 
10. Burger King in Zion, IL: 3300 SF Burger King on .9 acres lot in Chicago metro. 100% NNN lease with 13 yrs remaining.  NOI $103K/yr. $1.15M. 9% cap.

© Transmercial 2011.

08-19: Shopping centers, Best Buy, Burger King, Arbys, Starbucks

1. Shopping Center in Norfolk, VA: 50,886 SF shopping center on 5.15 ac lot.  Anchored by Fresh Pride Supermarket (regional tenant with 14 locations in MD and VA) and Family Dollar store.  100% leased to 10 tenants.  NOI $350K/yr.  $3.5M. 10% cap. 
2. Shopping Center in La Habra, CA: 66,577 SF shopping center remodeled in 2005 with attractive contemporary style.  On a major artery in high income and densely populated city in Orange county.  Anchored by a grocery store.  NOI N/A.  $12.5M.  Just $187/SF. 
3. Shopping Center in Granite Bay, CA: 39,748 SF highend 24-unit shopping center built in 2006 on 5 acres lot on a heavily-travelled artery  in an affluent community (AHI $153K/yr in 1 mile) in Sacramento suburbs.  67% NNN leased.  Current NOI $384K/yr. ($705K pro forma).  No asking price but estimated $6M. Upside potential when 100% leased. 
4. Best Buy in Pueblo, CO: 20,044 SF Best Buy built in 2008 on 3 acres lot in fast growth, high income area & net to I-25.  Surrounded by Target, Sam's Club, Wal Mart, Kohl's and Ross. Long term NNN corp lease.  NOI $274K/yr with rent bumps.  $4.076M. 6.73% cap. 
5. Burger King in Yuma, AZ: 4872 SF Burger King built in 1993 on 1.41 acres lot on hwy 95 and 1 block from I-8. New 20 yrs NNN lease to a 25-yr experienced franchisee.  NOI $100K/yr with 10% rent bump every 5 yrs. $1.333M. 7.5% cap. 
6. Arbys in Concord, NC: 3199 SF Arby’s on .92 ac corner lot near I-85 in Charlotte suburbs.  New 20 yrs NNN lease to a seasoned operator with 25+ yrs experience.  NOI $84K/yr with 5% rent bump every 5 yrs.  $1.12M. 7.5% cap. 
7. Starbucks in Peoria, IL: 1928 SF Starbucks coffee built in 2005 on an outparcel to a shopping center anchored by Bed Bath & Beyond and Schnucks supermarket (chain with 90 locations).  10 yrs NNN- lease with 4.5 yrs remaining.  NOI $106K/yr. $1.3M. 8.16% cap. 
8. Shopping Plaza in Flower Mound, TX: 31,939 SF 17-unit shopping center built in 1998 on 4.77 acres lot in affluent (AHI $116K/yr in 1 mile) Dallas suburbs.  97% NNN leased with1 small vacant unit.  NOI $534K/yr. $5.939M. 9% cap.

© Transmercial 2011

08-18: 7-11, shopping centers

1. 7-11 in Milpitas, CA: 2400 SF free-standing single-tenant retail center on .46 ac corner lot in high income (AHI $120K/yr) Silicon Valley with high barrier for entry. 100% NNN corp lease with 3 yrs remaining.  Tenant has been here since 1983 with 2 five-yrs options at market rent.  NOI $66K/yr.  $1.1M. 6% cap. 
2. Shopping center in Coral Springs, FL: 21,200 SF 11-unit inline shopping center built in 2000 on 3.66 acres lot in high income (AHI $95K/yr) North Miami suburbs.  Shadow anchored by Publix Supermarket and CVS.  65% lease to 8 tenants.   Current/pro forma NOI $169K/$358K.  $3.11M.  5.45% cap (11.53% Proforma).  Large lot with potential for further development.
3.  Shopping center in Coral Springs, FL: 92,898 SF established shopping center on 10.64 acres parcel at the entrance to Coral Springs Mall.  97% NNN leased to 19 tenants.  NOI $1.151M. $14.393M. 8% cap. 
4. Shopping Center in Shorewood, IL: 44,594 SF shopping center in middle class Chicago suburbs.  Anchored by HomeGoods (owned by TJ Maxx).   Shadow anchored by Target.  78% leased.  Current NOI $394K/yr. $4.555M. 8.65% cap.  Just over $100/SF! 
5. Shopping Center in Apple Valley, MN: 34,500 SF shopping center in high income Minneapolis suburbs.  100% NNN leased to 2 national tenants: Office Max and Party City.  Building is attached to Best Buyer and Super Target.  NOI  $464K/yr. $5.795M. 8% cap.
6. Strip mall in Santa Ana, CA: 6500 SF strip center built in 1993 on .59 ac lot in densely populated area with over 700K residents in 5 miles ring. 95% NNN leased with 3% annual rent bumps.  NOI $137K/yr. $2.115M. 6.5% cap.

© Transmercial 2011.