09-20: Medical office buildings, Shopping Centers, Goddard Childcare center

Attached please find reservation form for the free seminar/webinar on this coming Saturday.  For those signed up for the webinar, you should receive the instruction by email already.  Please advise if otherwise.

1. Medical Office Building in Joliet, IL: 29.315 SF medical office building on 3.13 acres lot 1 block from Provena Hospital in Chicago suburbs.  Anchored by 10.891 SF Provena Imaging Center, and 8225 SF VA medical center. 100% leased to 7 tenants.  NOI $399K/yr.  $4.68M. 8.54% cap. 
2. Strip Center in South Gate, CA: 10,702 SF well-maintained strip center at a busy signalized corner location across from South Gate City Hall. 100% leased. NOI $124K/yr. $1.73M. 7.2% Cap.  
3. Medical Office Building in Decatur, GA: 17,090 SF multi-tenant medical building on 1.51 ac lot across from Dekalb Medical Hospital in Atlanta metro. With 71% credit tenants and 29% established local tenants. NOI $261K/yr. $3.1M. 8.43% Cap.  
4. Mix-Use Building in Morgan Hill, CA: 29,750 SF two-story beautiful retail/office center built in 2006 on 2.28 ac corner lot on a major artery and close to Hwy-101 exit. Excellent demographics: AHI $131K/yr. in Silicon Valley suburbs.  NOI $393K/yr. $4.77M. 8.27% Cap.  
5. Shopping Center in Fresno, CA: 160,104 SF shopping center on 15.03 ac lot anchored by Save Mart Supermarket, Gold’s Gym, and Dollar Tree with excellent access to Fwy-168. 70% leased. NOI $1.276M. 9.25% Proforma Cap. 
6. The Goddard School in Macomb Township, MI: 8262 SF day care facility on 1.37 ac lot bounded by mostly residential neighborhoods in affluent (AHI $116K/yr) city. Long NNN- lease. NOI $161K/yr with 15% rent bumps every five years. $1.791M. 9% Cap. 

© Transmercial 2011.

09-19: Rite Aid, Walgreens, 7-Eleven, Shopping centers

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. Rite Aid in Reading, MA: 13,611 SF drug store built in 1997 on 1.5 acres corner lot with convenient 4 points of access in affluent (AHI $99K/yr in 1 mile) Boston suburbs. 20 yrs absolute NNN lease till 2028.  NOI $301K/yr with 10% rent bump every 10 yrs.  $3.469M. 8.7% cap. 
2. Neighborhood center in Arlington, TX: 118,559 SF busy neighborhood center on 13.39 acres lot next to I-20 in well off Dallas metro (AHI $88K/yr). Anchored by 44.854 SF LA Fitness Center with 20 yrs lease till 2021. 95% NNN leased to 20 tenants with 2 avail units.  NOI $1.327M. $16.587M. 8% cap. 
3. 7-Eleven Strip Center in San Bernardino, CA: 6003 SF retail center built in 2009 on .59 ac corner lot across from Walgreens.  Anchored by 7-Eleven with 15 yrs NNN lease.  100% NNN leased to 3 tenants: 7-Eleven, T-Mobile and Nutrition 4 Kids (WIC program).  NOI $149K/yr. $2.22M. 6.75% cap. 
4. Walgreens in Port Saint Lucie, FL: 14,820 SF drug store built in 2009 on 2.39 acres lot in a fast growing city.  25 yrs absolute NNN lease with 23 yrs remaining.  NOI $508K/yr. $7.85M. 6.47% cap. 
5. Shopping Center in Cary, NC: 26,983 SF built in 1999 on 3.3 acres corner lot in upper middle class Raleigh-Durham suburbs.  Anchored by stable NC Dept Motor Vehicle.  100% NNN leased to 14 tenants.  NOI $304K/yr. $3.6M. 9% cap. 
6. Shopping Center in Gahanna, OH: 40,763 SF shopping center in affluent Columbus suburbs (AHI $102K/yr in 1 mile radius).  100% NNN leased to 4 tenants.  NOI $160K/yr. $1.89M.  8.5% cap.  Less than $50/SF!

© Transmercial 2011.

09-16: Shopping center, office buildings

1. Shopping Center in Powell, OH: 25,099 SF 11-unit shopping center built in 2008 on 4.58 ac lot with good national, regional and local tenant mix in prosperous (AHI $131K/yr) Columbus MSA. 95% leased. NOI $585K/yr. $6.655M. 8.75% Cap.  
2. Retail Center in Cape Coral, FL: 6143 SF six-yrs old retail center at a major retail corridor. 100% leased to stable tenants. NOI $119K/yr. $1.5M. 8% Cap.  
3. Strip Center in Miami, FL: 15,773 SF recently renovated strip center anchored by Dollar General with excellent access to I-95. Shadow-anchored by Bravo Supermarket, a regional tenant with locations in 5 states. 100% leased. NOI $162K/yr. $1.75M. 9.27% Cap.   
4. Office Building in San Diego, CA: 16,600 SF well-maintained multi-tenant office building on 2.28 ac lot in densely populated area close to I-15. 100% leased to three tenants. NOI $224K/yr. $2.8M. 8% Cap.  
5. Office Building in San Diego, CA: 30,995 SF recently upgraded two-story multi-tenant office buildings close to I-508 and I-5. $4.450M.  
6. Shopping Center in Victorville, CA: 19,764 SF12-unit recently constructed shopping center adjacent to Wal-Mart Supercenter in fast growing Los Angeles suburbs. NOI $ 387K/yr. $4.4M. 8.8% Cap. 

© Transmercial 2011

09-15" Jiffy Lube, Retail center, Just Breaks, Davita

• 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. Jiffy Lube in Worth, IL: 2800 SF newly remodeled retail building at corner lot location and along busy corridor in Chicago metro. 100% NNN leased with 7 yrs left. NOI $74K/yr. $880K. 8.5% Cap.  
2. Retail Center in Costa Mesa, CA: 6988 SF well-maintained retail center in densely populated & affluent (AHI $129K/yr in 3 mile) coastal city . 100% leased. NOI $91K/yr.  $1.467M. 6.25% Cap.  
3. Just Brakes in Arlington, TX: 5382 SF single-tenant retail building on .94 ac lot in Dallas metro  . Absolute NNN lease with 12 yrs remaining. NOI $120K/yr with rent bumps in year 5 and 10. $1.45M. 8.28% Cap.  
4. DaVita Dialysis Center in Saint Louis, MO: 7312 SF medical building built in 1996 near Christian Hospital and I-270. 100% NNN lease with 12 yrs left and corp. guaranty. NOI $131K/yr with 2% annual rent increases. $1.732M. 7.6% Cap.  
5. Shopping Center in Colton, CA: 108,393 SF shopping center built in 1992 on 8.47 ac lot near I-215. Anchored by Ross Dress for Less, 99 Cents Only Stores and shadow-anchored by Wal-Mart Supercenter.  85% NNN leased. NOI $1.337M. $18.1M. 7.39% Cap. Buyer to assume $16.2MM loan at 6.18% interest. 
6. Shopping Center in Lakewood, CO: 53,262 SF well-kept shopping center on 4.31 ac lot anchored by Red Robin. 87% leased to many long term/stable tenants. NOI $675K/yr. $7.5M. 9% Cap.

© Transmercial 2011

09-14: REO Shopping Centers, Saver's, Car-X auto, Jefferson Dental Office for sale

Notice: For those who have signed up for the “How to Invest in Commercial Real Estate” seminar/webinar on 9/24/11, you should receive an email today with instruction how to attend the webinar.  If we miss anyone, please advise.

1.  REO Shopping Center in Mesquite, TX: 58,093 SF shopping center on 5.61 ac lot shadow-anchored by Hobby Lobby and adjacent to Hwy-80 in growing Dallas/Fort Worth MSA. 82% leased. NOI $342K/yr. $3.81M. 9% Cap.  
2. Retail Center in Oceanside, CA: 19,315 SF retail center with great tenant mix: Rockin’ Baja Lobster, Lighthouse Bar and Grill and Harbor Fish & Chips.  Next to the harbor and beach. 88% leased. NOI $459K/yr. $5.1M. 9% Cap. 
3. Saver’s in Hamburg, NY: 21,525 SF retail building on 2.86 ac lot close to McKinley Mall and next to I-90 in Buffalo metro. 10 yrs absolute NNN lease to Saver’s Thrift Store, a  growing national tenant . NOI $286K/yr. $3.47M. 8.25% Cap.  
4. Car-X in Glen Ellyn, IL: 4500 SF auto service center on .8 acre lot in affluent (AHI $104K/yr) Chicago metro. Long term absolute NNN corp lease.  NOI $81K/yr. $959K. 8.51% cap. 
5. Medical Office Building in El Paso, TX: 60,495 SF recently built Class-A multi-tenant medical building located on the Sierra Providence East Medical Center campus. 90% leased. NOI $629K/yr. $8.388M. 7.5% Cap.  
6. Strip Center in Grand Rapids, MI: 9647 SF strip center anchored by Starbucks and across from Woodland Shopping Center and Centerpointe Mall. Along a main retail corridor in a well-off and stable neighborhood. 100% NNN leased. NOI $278K/yr. $3.275M. 8.5% Cap.  
7. Shopping Center in Plantation, FL: 70,437 SF shopping center built in 1990 on 7.20 ac lot at a signalized intersection and close to Sawgrass Mills Mall. Anchored by Comp USA. 100% leased with excellent  and historically stable tenant mix. Price/Cap not disclosed.  
8. Strip Center in Mesa, AZ: 10,270 SF strip center with 2 freestanding structures built in 2002.  Shadow-anchored by Albertsons and across from Safeway in booming (150% since 2000) Phoenix suburbs. 100% NNN leased to 6-tenants including Chase and Starbucks. NOI $234K/yr. $2.8M. 8.4% cap.  
9. Dental Office in Fort Worth, TX: 5625 SF single-tenant office built in 2006.  Adjacent to Wal-Mart and near Fwy-121. 12-yrs NNN lease to Jefferson Dental Clinic with 38 locations. NOI $123K/yr. $1.375M. 9% Cap. 
10. Retail Building in San Jose, CA: 2614 SF two-tenants retail building at a signalized intersection close to Hwy-101. 100% NNN leased to stable tenants. NOI $59K/yr. $750K. 7.8% Cap.  

© Transmercial 2011.