Tuesday, January 10, 2012

12-27: Chick-Fill-A, CVS Pharmacy, Office Park


  • 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.  Chick-Fil-A in Walnut Creek, CA: 4671 SF drive-thru chicken restaurant on .66 ac lot adjacent to 24 Hour Fitness and close to I-680. In wealthy city (AHI $92K/yr in 1 mile) East of San Fran. 15-yr absolute NNN corp ground lease (land is for sale, tenant owns the building). NOI $137K/yr. with 10% rent bumps every 5-yrs. $2.7M. 5.10% cap. 
  2. CVS in Beaumont, TX: 10,908 SF pharmacy on 1.91 acres lot at a busy signalized intersection close to Beaumont Baptist Herman Memorial Hospital. 100% NNN lease till 2037. NOI $220K/yr. $3.325M. 6.62% cap.
  3. Retail/Office Building in Orlando, FL: 10,695 SF newly constructed retail/office building close to publics anchored center. 88% NNN leased. NOI $185K/yr. $1.85M. 10% cap. 
  4. Retail Center in Phoenix, AZ: 7534 SF well-maintained retail center shadow-anchored by Walgreens. NNN leased to good tenants. NOI $147K/yr. $1.639M. 9.01% cap. 
  5. Office Park in Fort Myers, FL: 82,106 SF well-kept office buildings close to I-75 in high income Cape Coral metro. 90% leased. NOI $627K/yr. $7M. 9% cap. 
  6. Office Building in Upland, CA: 5092 SF multi-tenant office building on ½ acre and next to I-10  in growing San Bernardino county.  NOI $58K/yr. $850K. 7% actual cap. 
  7. Office Building in Artesia, CA: 7388 SF 2-story office building constructed in 2008 at highly visible/busy location and close to Fwy-91 in Los Angeles suburbs. 100% leased. NOI $176K/yr. $2.2M. 8% cap. 

© Transmercial 2011.  All rights reserved.

Friday, January 6, 2012

12-23: Best Buy, Medical Office, Strip 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. Shopping Center in Nicholasville, KY: 32,300 SF well maintained shopping center anchored by Fresenius Medical Care and close to Super Wal-Mart in growing county just North of Lexington. $3.91M. 7.5% cap.  
  2. Best Buy in Hialeah, FL: 55,880 SF big-box single-tenant building built in 1996 on 5.08 ac lot on main retail corridor close to Westland Mall. 100% absolute NNN lease to credit-tenant (S&P BBB-). NOI $798K/yr. $10.641M. 7.5% cap. 
  3. Retail Center in University Place, WA: 11796 SF retail center built in 1997 at heavily traveled street in Tacoma metro. NOI $160K/yr. $2.15M. 7.95% cap. 
  4. Shopping Center in Houston, TX: 23,000 SF shopping center on over 1 ac lot along main corridor with excellent visibility. 100% leased. $2.6M. NOI/Cap not avail.  
  5. Strip Center in Kansas City, MO: 7670 SF strip center on 1.97 ac lot next to Hwy-152. In growing & middle-class (AHI $73K/yr) neighborhood. $1.2M. NOI/Cap not provided.  
  6. Retail Center in Fox Lake, IL: 11,000 SF newly constructed 6-units retail center across from Golf Course Center in Chicago outskirts. NOI $200K/yr. $2M. 10% cap.  
  7. Medical Office in Fort Myers, FL: 6959 SF medical office built in 1997 close to Heath Park Medical Center. 100% NNN leased to Florida Cancer Specialist with 106 MDs & 45-locations. NOI $141K/yr. $1.6M. 8.5% cap.  
  8. Medical Office in Cape Coral, FL: 4978 SF medical building next to Cape Coral Hospital and at main artery. 100% NNN leased to Florida Cancer Specialist. NOI $108K/yr. $1.229M. 8.5% cap.

© Transmercial 2011

Thursday, January 5, 2012

12-22: Denny's Restaurant, Retail centers


  1. Strip Center in Killeen, TX: 8601 SF strip center constructed in 2007 with huge monument-sign and at high-traffic location. 100% NNN leased. NOI $120K/yr. $1.5M. 8% cap.  
  2. Retail Center in Hiram, GA: 10,700 SF retail center built in 2005 in a heavily commercial area in fast growing Atlanta metro. Across the street from Target, Kohl’s, Petsmart, Sam’s Club and Marshals. 75% leased. NOI $116K/yr. $1.225M. 9.5% cap. 
  3. Denny’s in Arlington, TX: 5120 SF family restaurant built in 2007 on over 1 ac lot between Six Flags Over Texas and Fwy-360. Near Cowboys Stadium and I-30 in middle-class Dallas/Fort Worth metro. Absolute NNN lease to an operator with 23 units till 2027. NOI $159K/yr. $2.232M. 7.15% cap.  
  4. Retail Center in San Diego, CA: 9664 SF well-maintained retail center on 1.17 ac lot close to I-15 in densely populated and affluent (AHI $116K/yr within 3-miles) Southern California City. 100% leased. NOI $213K/yr. $3.52M. 7% cap.  
  5. Shopping Center in Pearland, TX: 65,500 SF shopping center renovated in 2009 on a corner lot in Houston suburbs. 77% leased. NOI $556K/yr. $6M. 9.27% cap.  
  6. Retail Center in Cooper City, FL: 9594 SF retail center built in 1998 on1.30 ac lot with excellent tenant mix in affluent (AHI $106K/yr) Fort Lauderdale suburbs. 100% leased. 7% cap. Price not provided.
© Transmercial 2011

Wednesday, January 4, 2012

12-21: Apartments, Taco Bell/KFC, Strip Centers


  1. Apartments in Houston, TX: 56-units multifamily buildings on 1.90 ac lot close to park, Hospital and US-59. Major renovations include: gates, fencing, hardi siding, roofs, interior and landscape. 95% occupied. NOI $136K/yr. $1.5M. 9.10% cap.  
  2. Shopping Center in Arlington, TX: 22, 400 SF shopping center on 1.85 ac lot across from Six Flags Hurricane Hbr-Arlington & close to Dallas Cowboys Stadium. 79% leased. NOI $257K/yr. $2.85M. 9.03% cap.  
  3. Taco Bell/KFC in Los Angeles, CA: 2848 SF restaurant built in 2000 on .57 acre parcel in densely populated area with over 1M residents in 5 miles. 100% NNN leased to strong franchise with 237 units. NOI $74K/yr. $1.149M. 6.5% cap. 
  4. Shopping Center in Phoenix, AZ: 49,783 SF well-maintained shopping center anchored by 24-Hours Fitness and adjacent to Metrocenter Mall. 81% NNN leased. NOI $833K/yr. $9.25M. 9.01% cap. 
  5. Shopping Center in Hendersonville, TN: 24,773 SF newly constructed shopping center on 2.56 acres anchored by Fresenius Medical Care near Hendersonville Medical Center in Nashville metro. 84% NNN leased. NOI $454K/yr. $5.38M. 8.44% proforma cap.  
  6. Retail Center in Kennesaw, GA: 11,400 SF upscale retail center in fast growing and high income area. Across from Publix Supermarket, and in front of ITT Technical Institute. 100% NNN leased to 6-tenants. NOI $253K/yr. $3.17M. 8% cap.  
  7. Strip Center in McDonough, GA: 10,767 SF strip center near I-75 in Atlanta metro. 100% NNN leased to good tenants: Dunkin Donuts, Metro PCS, Verizon Wireless, Dentist, Fallas Family Vision and CJ’s Hot Dogs. NOI $245K/yr. $2.98M. 8.25% cap.
© Transmercial 2011

12-20: La Petite Academy, Office Buildings, Shopping Centers


  1. 1.Office Buildings in Albany, GA: 10,000 SF well-maintained 3-tenant office buildings close to Albany Mall in Hwy-82 in growing city. 100% NNN leased to Law Firm, Pediatric Heath Care and AT&T. $1.75M. Cap/NOI not provided. 
  2. Shopping Center in Albuquerque, NM: 40,682 SF renovated shopping center on 3.76 ac lot near Presbyterian-Kaseman Hospital and I-40. 84% leased. NOI $298K/yr. $3.725M. 8% cap. 
  3. Retail Center in Fort Worth, TX: 17,162 SF shopping center at busy thoroughfare and in close proximity to I-30. 100% NNN leased to 9-tenants. NOI $224K/yr. $2.553M. 8.8% cap. Buyer to assume $1.17M loan at 5.84% rate. 
  4. La Petite Academy in Cedar Park, TX: 6757 SF childcare center built in 1993 on .67 ac lot in fast growing Austin metro. 100% absolute NNN corp lease. NOI $54K/yr. $780K. 7% cap.  
  5. Retail Center in Hammond, LA: 21,960 SF retail center constructed in 2005 on 1.90 ac lot shadow-anchored by Wal-Mart near I-12/I-55. 92% leased to great tenant mix: Cato, GameStop, Jackson-Hewitt and It’s Fashion. NOI $272K/yr. $3.45M. 7.75% cap.  
  6. Office Building in Loves Park, IL: 9600 SF multi-tenant office building in middle-class Rockford suburbs. 100% NNN leased with long-term tenants. NOI $131K/yr. $1.75M. 7.5% cap. 
  7. Retail Center in Santa Clara, CA: 15,000 SF well-maintained retail center in prime commercial corridor in high income Silicon Valley (AHI $102K/yr). 92% leased to 11-tenants. NOI $525K/yr. $7.5M. 7% cap. 

© Transmercial 2011

Tuesday, January 3, 2012

12-19: Denny's, Office Building, Shopping Center


  1. Shopping Center in Fort Lauderdale, FL: 19000 SF newly improved shopping center across from Holy Cross Hospital near I-95. 100% NNN leased. NOI $339K/yr. $3.995M. 9% cap. 
  2. Denny’s in Lake Worth, TX: 4224 SF restaurant on .80 ac lot next to I-20 and near Marshalls, Bed Bath and Beyond, Kohl’s, The Home Depot, Wal-Mart & Target. Long absolute NNN lease to strong franchisee operating 50-locations. NOI $115K/yr. $1.68M. 7.15% cap.  
  3. Retail Center in Temecula, CA: 6750 SF retail center built in 2000 on .92 ac lot adjacent to The Promenade in Temecula shopping center in fast growing & middle-class Southern CA.  100% NNN leased to Sprint, Baja Fresh and Cold Store Creamery.  NOI $254K/yr. $3.39M. 7.5% cap.  
  4. Office Building in The Woodland, TX: 24,350 SF attractive multi-tenant office building on 2.46 acres of land next to Fwy-45 in growing county just North of Houston. 100% leased. NOI $450K/yr. $4.5M. 10% cap.  
  5. Shopping Center in Richmond, TX: 29,881 SF beautiful shopping center shadow-anchored by Kroger in growing/middle-class Houston suburbs. 94% leased. NOI $682K/yr. $8.8M 7.75% cap.  
  6. Office Building in Cape Coral, FL: 9800 SF Class-A newly constructed multi-tenant office building on .73 ac lot.  100% NNN leased. %1.3M. NOI/Cap not provided.
© Transmercial 2011