10-24: Big Lots, Walgreens, 7-Eleven, Jiffy Lube, Subaru

1. Big Lots! Center in Lakewood, CA: 29,025 SF retail building on 1.46 ac lot on a major artery in Los Angeles with 678K residents in 5 miles.  Across from 2-story Lakewood Center Mall anchored by Macys, Target, Costco, JCPenny, Home Depot, Best Buy, Sports Authority, and Albertsons.  Next to Petco, JoAnn Fabric, Big-5 Sports, CVS, and Vons.  100% leased to Office Depot till 2015 which in turns subleases to Big Lots!  NOI $546K/yr. $8.1M. 6.75% cap. 
2. Walgreens in Marco Island, FL: 15,930 SF Walgreens built in 2000 on 1.6 ac corner lot in affluent town (AHI $125K/yr) in Naples suburbs.  100% NNN- with 8 yrs left.  NOI $412K/yr. $5.8M. 7.12% cap. 
3. 7-Eleven in Fountain Valley, CA: 4804 SF 3-unit strip center on ½ ac lot in high income city in Orange County (AHI $90K/yr in 1 mile).  Anchored by 7-eleven with a new 10 yrs NNN lease.  100% leased.  NOI $124K/yr. $1.66M 7.5% cap. 
4. Retail Plaza in University Place, WA: 11,796 SF multi-tenant strip center on 1.29 acres lot in very high income Seattle suburbs.  87% leased.  NOI $160K/yr. $2.015M. 7.95% cap. 
5. Jiffy Lube in Nashville, TN: 3040 SF Jiffy Lube on .78 ac lot in high income area in Nashville.  100% NNN leased till 2027.  NOI $79K/yr with 2% annual rent bump. $1.081M. 7.5% cap. 
6. Subaru Car Dealer in Redwood City, CA: 23,300 SF Carlsen Subaru Dealer on 1.75 acres lot near hwy 101 in the heart of high income Silicon Valley.  100% NNN lease with 4 yrs left.  NOI $357K/yr. $5.5M. 6.5% cap.

© Transmercial 2011.

10-21: Family Dollar, Advance Auto, Medical Office Building, Retail Centers

1. Family Dollar in Lake City, GA: brand-new 8340 SF retail building adjacent to Clayton State University and close to I-75 in Atlanta suburbs. 10-yr NNN corp lease. NOI $120K/yr. $1.51M. 8% cap.  
2. Advance Auto Parts in Machesney Park, IL: 6124 SF new Advance auto parts store on .70 ac lot across from The Home Depot, Target, Petsmart and Office Depot in Chicago metro. 15-yr NNN- lease. NOI $110K/yr with rare 10% rent bump in 2021. $1.52M. 7.25% cap.  
3. Office Building in Desoto, TX: 19,089 SF well-maintained 11-unit office building with excellent visibility and various ingress/egress in fast growing Dallas suburbs. 91% leased to 9 tenants. NOI $144K/yr. $1.45M. 9.95% cap. 
4. Neighborhood Center in Live Oak, TX: 60,077 SF shopping center built in 2008 on 8.95 acres lot with I-35 frontage in fast growing San Antonio suburbs.  Anchored by Office Depot, Citibank, Specs Wine & Spirits and Chuck E . Cheese’s. Across from Power Center anchored by The Home Depot, Target, Best Buy, TJ-Max and more. 100% leased. NOI $915K/yr. $12.2M. 7.50% cap.
5.  Medical Office Building in Glenview, IL: 37,500 SF multi-tenant four single story buildings on 5.45 ac lot close to I-294 in Chicago metro. Anchored by 7500 SF Fresenius Dialysis with 15 yrs lease. 90% leased. NOI $326K/yr. $4.75M. 8% cap.  
6. Community Center in Wildomar, CA: 72,892 SF 4-years old Retail/Office center on 7.14 acres lot next to I-15 exit in fast growing (88.09%) and well-off (AHI $82K/yr within 3-miles) Riverside.  Shadow-anchored by Albertson’s Supermarket.  Anchored by Ace Hardware.  Other tenants include: Dennys, Panda Express, sprint, Massage Envy, and more.  Pro forma NOI $1.257M. $12.57M. 10% cap.  
7. Shopping Center in Schaumburg, IL: 59,256 SF shopping center at highly visible intersection close to prestigious Woodfield Mall, the 2^nd largest regional mall in the country in Chicago metro. 100% leased to a great mix of national/steady tenants. NOI$ 821K/yr. $10.9M. 7.54% cap. 
8. Shopping Center in Glendale Heights, IL: 86,905 SF 17-unit shopping center in high income (AHI $89K/yr in 1 mile) Chicago metro. Anchored by Aldi Food Market and Walter E. Smithe, a regional tenant with 13 furniture showrooms in Chicago. 98.7% leased. NOI $885K/yr. $11.2M. 7.91% cap.

© Transmercial 2011.

10-20: Chase Bank & Starbucks, KFC, Apartments, Fresh & Easy, Smokey bone, Office Building

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.  Chase Bank & Starbucks in Carmichael, CA: 6995 SF build-to-suite retail center constructed in 2007 on 1.19 acres lot.  100% leased to Chase Bank (S&P A+) and Starbucks (S&P BBB+) both till 2017.  NOI $308K/yr with 10% rent bumps for both every 5 yrs.  $4.4M. 7% cap. 
2. Shopping Center in Pensacola, FL: 49,768 SF 4-yrs old 3-unit shopping center on 9.2 acres lot.  Adjacent/close to Lowes, Home Depot, Wal-mart, and Walgreens. Anchored by 26,838 SF Ross (till 2020) and 20,930 SF Office Depot (till 2018).  96% NNN leased with just 2000 SF unit vacant.  Pro forma NOI $359K/yr. $4.185M. 8.58%cap. 
3. KFC in Belleview, NE: 2138 SF KFC restaurant on ½ ac lot in Omaha metro.  New 20 yrs absolute NNN lease to the 4-th largest KFC franchisee with 115 restaurants in 6 states.  NOI $75K/yr with 10% rent bump every 5 yrs.  $1M. 7.5% cap. 
4. Strip Mall in Gilbert, AZ: 7200 SF strip mall built in 2003 on 1.41 acres lot as part of multi-building retail office complex in affluent Phoenix metro (AHI $100K/yr in 1 mile).  100% NNN leased to 3 tenants.  NOI $114K/yr. $1.366M. 8.4% cap. 
5. Starbucks in Sacramento, CA: 2658 SF retail center on ¾ ac outparcel to Save Mart supermarket and Rite Aid anchored 136,000 SF shopping center.  100% NNN corp lease till 2020.  NOI $92K/yr. with 10% rent bump every 5 yrs.  $1.321M. 7% cap.  Note:  While Starbucks [smartly] subleases 1280 SF to Mr Pickles Sandwich shop but it remains responsible for the entire building. 
6. Apartments in Austin, TX: 479 unit class-A apartments complex built in 2001 on 38 acres lot in a gorgeous, natural, Hill Country setting in high income Southwest Austin.  Avg rent $1138/month.  NOI and price N/A. 
7. Fresh & Easy Market in Napa, CA: 19,204 SF Fresh & Easy Neighborhood Market on 1.84 acres in affluent wine country in Northern CA (AHI $97K/yr in 1 mile).  20 yrs corp NNN- lease with 18 yrs left.  NOI $432K/yr with 10% rent bump every 5 yrs.  $7.2M. 6% cap. 
8. Firestone in Mesa, AZ: 8143 new Firestone Auto center on an outparcel to Wal-mart supercenter in affluent Phoenix metro (AHI $98K/yr in 1 mile). 20 yrs absolute NNN corp lease. NOI $231K/yr. with 6.25% rent bump every 5 yrs. $3.302M. 7% cap. 
9. Smokey Bone Restaurant in Grove City, OH: 6930 SF Smokey Bone Bar & Grille on 1.35 acres outparcel to Wal-mart in fast growing and high income Columbus metro.  Surrounded by national big box retailers including Target, TJ Maxx, Bed Bath & Beyond, Old Navy, Dick' s Sporting Goods, Michaels, Kohl' s, Staples, Home Depot, Sam' s Club, Best Buy.  Long term absolute NNN lease.  NOI $145K/yr. with 1.75% annual rent bump.  $2.012M. 7.25% cap. 
10. Single-tenant Office Building in Ann Arbor, MI: 31,504 SF class-A office building on 2.58 acres lot in high-income high-tech Ann Arbor.  Just 5 minutes from the University of Michigan.  100% NNN leased till 2017 to Cybernet Systems, a leader in American research and development in the medical and defense fields and is one of the country's largest Small Business Innovation Research (SBIR) contract winners. NOI $287K/yr. $2.995M. 9.6% cap.

© Transmercial 2011.

10-19: Super 8 Hotel, Burlington Coat Factory, Tuffy Auto, Jiffy Lube, Self Storage

• 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.  Super 8 in Kissimmee, FL: 127-room 2-story hotel along US-17 near Airport, Osceola Regional Medical Center and Walt Disney World in Orlando metro.  NOI $400K/yr. $4M. 10% cap.  
2. Burlington Coat Factory in Santa Ana, CA: 58,450 SF single-tenant retail building on 5.32 ac lot close to the prestigious South Coast Plaza and I-405. 100% NNN corp lease with 8 yrs left. NOI $1.66M/yr. with a 2.7% increase in 2012. $14.222M. 7.50% cap.  
3. Arby’s in Springfield, IL: 2742 SF well-performing restaurant built in 2000 on a hard corner location and next to I-55.  Brand new 20-yrs absolute NNN lease to an operator with 36 units. NOI $102K/yr with 10% rent bumps every 5-yrs. $1.316M. 7.75% cap. 
4. Tuffy Auto in Omaha, NE: 3900 SF auto repair and service center built in 2007 on .63 ac lot next to Super Target, Office Max, Hobby Lobby & Sport Authority and across from Wal-Mart Supercenter. In growing (195.41%) and affluent (AHI $102K/yr within 1-mile) area. New 20-yr corp lease. NOI $111K/yr with 7.3% rent bump in 2013. $1.369M. 8.15% cap.  
5. Jiffy Lube in Las Vegas, NV: 3960 SF auto center in fast growing area and close to Beltway-215. Long NNN leased to an operator with 450+ locations. NOI $122K/yr with 2% annual rent increases. $1.742M. 7% cap.  
6. Apartments in Smyrna, GA: 152-units newly renovated multifamily buildings on 12.49 ac lots in Atlanta suburbs. 88% occupied. Proforma NOI $490K/yr. $5.5M. 8.91% cap.  
7. Office Building in Carrollton, TX: 68,699 SF two-story single-tenant office building on 6.87 acres in well-off (AHI $87K/yr within 3 mile radius) Dallas metro. 100% NNN corp lease till 2019 to Certified Payment Processing, a leading provider of electronic payment processing products and services with over $3B in transactions. NOI $576K/yr. with very generous $1/SF (11.82%!) rent escalations every 2 years. $6.3M. 9.20% cap.  
8. Hillsdale Self Storage in San Jose, CA: 53,120 SF 3-story storage facility between Guadalupe Pkwy and Capitol Expr. In high income and high barriers to entry area.  Video surveillance throughout the facility and electronic gate. 92% occupied. NOI $379K/yr. $5.25M. 7.20% cap.    
9. Outlet Center in Pomona, CA: 49,685 SF shopping center on 3.10 ac lot next to Fwy-60 in densely populated Los Angeles suburbs. 100% leased to 3 retail tenants. Proforma NOI $443K/yr. $5.5M. 8.06% cap.

© Transmercial 2011

10-18:Olive Garden, Jiffy Lube, Petco, Apartments, Office Complex

1. Olive Garden in Colorado Springs, CO: Olive Garden restaurant on 1.78 acres parcel next to Chapel Hills Mall in high income area. 100% absolute NNN corp ground lease (land is for sale).  Tenant has been here for 20 yrs and just exercised 5 yrs option.  NOI $70K/yr.  $950K. 7.42% cap. 
2. Jiffy Lube in Colorado Springs, CO: 1460 SF 3-bay Jiffy Lube on .41 ac corner at a major intersection.  Renovated in 2010.  100% absolute NNN leased till 2026 to an operator with 54 locations.  NOI $111K/yr with 7.73% rent bump every 5 yrs.  $1.48M. 7.5% cap. 
3. Shopping Center in Fair Oaks, CA: 24,000 SF 12-unit well-maintained center on 3 ac lot at main thoroughfare and close to Hwy-50 in Sacramento suburbs. Excellent demographics: AHI $109K/yr. 86% NNN leased. Pro forma NOI $587K/yr.  $7.25M. 8.10% cap. 
4. Shopping Center in Houston, TX: 55,847 SF shopping center anchored by Family Dollar at a corner location near Westpark Tollway. 97% leased with great tenant mix. NOI $443K/yr.  $5.5M. 8.06% cap.  
5. Retail center in Deer Park, TX: 14,030 SF retail center on 1.33 ac lot in high income (AHI $81K/yr in 1 mile) Houston metro. 100% NNN leased to six tenants. NOI $194K/yr. $2.94M. 9.30% cap. 
6. Petco in Redding, CA: 18,310 SF single-tenant retail center built in 1996 on 1.76 ac lot across from Mt Shasta Mall and next to I-5/Hwy-44 in Northern CA. 100% NNN- corp lease till 2017. NOI $226K/yr. $2.99M. 7.58% cap. 
7. Office Complex in Denton, TX: 27,576 SF Class-B multi-tenant office complex on 3.09 ac lot close to Denton Regional Medical Center and I-35E. 93% leased to stable tenants. NOI $332K/yr. $4.1M. 8.11% Proforma cap. 
8. Apartments in Pasadena, TX: 208-units multifamily buildings on 9.77 ac lot in Houston metro. Amenities include: two pools, four laundry rooms, a playground, and a basketball court. 94% Occupied. NOI $570K/yr. $6M. 9.51% cap. 
9. Retail Center in Green Bay, WI: 9602 SF 2-tenant retail center built in 2006 on 1.50 ac lot at a main signalized corner location. 100% NNN leased to Advance Auto Parts (till 2021) and Aurora Pharmacy, a regional tenant. NOI $169K/yr. $1.953M. 8.70% cap. 
10. Shopping Center in Miami, FL: 54,000 SF L-shaped shopping center next to new AutoZone at a corner location. 100% leased. NOI $719K/yr. $8.99M. 8% cap.

© Transmercial 2011