01-03: Carl's Jr., Arby's, Office Building, MOB, Retail Centers

1. Shopping Center in Greenville, NC: 31,800 SF shopping center renovated in 2011 on 3.67 ac lot. Anchored by a 16,366 SF Joann Fabric and Crafts and shadow anchored by Walmart Supercenter and across from University Commons anchored by Harris Theater, Target, TJ Maxx and Barnes & Noble. 100% NNN leased. NOI $216K/yr. $2.4M. 9% cap.
2. MOB in Mission, TX: 10,080 SF just-completed 24-hr Emergency Care center on 1.31 ac lot along Hwy-83 in McAllen suburbs. 12 yrs NNN lease to HealthOne Emergency Care. NOI $262K/yr. with 2% annual rent bumps.  $3.493M.  7.5% cap. Note: flyer not available.
3. Shopping Center in Manchester, CT: 24,670 SF shopping center built in 2006 on 3 ac lot in high income area. Across from 1.2M SF Buckland Hills Mall and near I-84. 100% leased to LAZY-Boy, Frank Pepe Pizza and Scottrade. NOI $640K/yr. $8M. 8% cap.
4. Retail Center in Huntington Beach, CA: 11,540 SF well maintained retail center on .92 ac lot in affluent coastal town in Southern CA (AHI $138K/yr within 1 mile).100% leased to Sea Cliff Liquor, Superb Donuts, Nail Tek, 17th Street Surf Shop, Koop Chiropractor, Fiesta Grill, Launderland and Redz Bar. NOI $300K/yr. $5.72M. 5.25% cap.
5. Carl’s Jr. in Hemet, CA: 3500 SF drive-thru well kept fast food restaurant on .50 ac lot in growing Riverside County. 35 yrs corp lease with 5 yrs left. NOI $156K/yr. $1.699M. 9.20% cap.
6. Tanner’s Restaurant in Kansas City, MO: 6000 SF Tanner’s Bar & Grill Restaurant on 1.47 ac lot in growing and high income area. Across from Walmart Supercenter and near I-35.New 5 yrs absolute NNN lease to a regional tenant. NOI $92K/yr. Just $1M. 9.20% cap.
7. Strip Center in Flower Mound, TX: 6500 SF newly constructed retail center on 1 ac lot at major retail corridor in growing and high income (AHI $153K/yr) Dallas suburbs. 100% NNN leased to Starbucks Coffee, Zoes Kitchen and Beverly Hills Rejuvenation Center. NOI $212K/yr. $3.036M. 7% cap.
8. Arby’s in Springfield, IL: 2742 SF Arby’s built in 2000 on .84 ac lot at a hard corner location and next to I-55.  New 20 yrs absolute NNN lease to the 8-th largest Arby’s operator with 364units.  NOI $102K/yr with 7.5% rent bump every 5 yrs.  $1.316M. 7.75% cap. Tenant’s financials avail after acceptance.
9. Office Building in Westborough, MA: 57,413 SF Class A office building on 16.78 acres of land along main corridor in affluent (AHI $154K/yr in 3 mile) Boston metro. 80% leased. NOI $527K/yr. $5.5M. 9.59% cap.

© Transmercial 2013

01-02: 24-Hour Fitness, Hardee's, Macaroni Grill, Jiffy Lube, MOB

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number. 

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $55+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. MOB in Weston, FL: 30,100 SF State of the Art medical office building constructed in 2000 on 3+ ac lot in wealthy Fort Lauderdale suburbs. Anchored by a highly profitable surgical center occupying almost 50 percent of the building.  Close to Cleveland Clinic Florida Weston and I-75. 100% leased to medical tenants. NOI $731K/yr. $10M. 7.32% cap.  
2. 24 Hours Fitness in Littleton, CO: 49,834 SF well maintained fitness center on 4.68 ac lot at a hard corner location in high income Denver suburbs. Near Southwest Plaza Mall. Tenant has been at this collation since 1998. 100% NNN corp lease with 10½ yrs left. NOI $722K/yr with a rent bump in 2018. $7.811M. 9.25% cap.
3. Hardee’s in Lawrenceville, GA: 2854 SF newly constructed fast food restaurant on 1.30 ac lot near Walmart & Kohl’s in Atlanta suburbs.  New 20 yrs NNN lease to a strong operator with 99 Hardee’s/Carl’s Jr. units.  NOI $144K/yr with 7.5% rent bumps every 5yrs. $1.987M. 7.25% cap.
4. Retail Center in Houston, TX: 14,050 SF attractive retail center on 1.41 ac lot at a major corridor in wealthy (AHI $116K/yr in 1 mile) Houston metro. Close to 149,396 SF Copperwood Village upscale shopping center. 100% NNN leased to Fed Ex Kinko's , Papa John's Pizza, Starsmile Dental, Star cleaners and Red Carpet Nail. NOI $192K/yr. $3.2M. 7% cap.
5. Macaroni Grill in Tulsa, OK: 7164 SF Italian Restaurant on 1.37 ac outparcel to Walmart Supercenter and next to 1+M SF 160+ store Woodland Hills Mall. 20 yrs NNN corp lease with 16 yrs left. NOI $171K/yr with 10% rent increases every 5 yrs. Tenant has been at this location since 1992. $2.285M. 7.49% cap.
6. Shopping Center in Mechanicsburg, PA: 33,545 SF well kept shopping center built in 2007 anchored by 11,946 SF Party City in fast growing and high income (AHI $91K/yr) Philadelphia suburbs. 94% NNN leased to 6 tenants. NOI $323K/yr. $4.25M. 7.60% cap. Upside potential.
7. Retail Center in Baltimore, MD: 6000 SF retail center in densely populated area with over 451,000 residents within 5 miles and affluent area (AHI $163K/yr in 1 mile). 100% NNN leased to two tenants. NOI $150K/yr. $2M. 7.50% cap.
8. Retail Center in Bayshore, NY: 15,000 SF well maintained retail center on 2 ac lot in high income coastal town in New York city metro. Across from Westfield South Shore Mall next to Hwy-27. 100% NNN leased to 7 tenants. NOI $243K/yr. $3.2M. 7.60% cap.
9. Jiffy Lube in Silverdale, WA: 1408 SF two bay Jiffy Lube built in 1995 on .53 ac lot in Seattle suburbs. Across from Costco and near Harrison Medical Center & Kitsap Mall. 20 yr NNN lease with 6+ yrs left. NOI $76K/yr. $950K. 8% cap.
10. Retail Center in Yucca Valley, CA: 13,536 SF retail center built in 1993 on .78 ac lot in San Bernardino County. Shadow anchored by Wal-Mart, JCPenney and Stater Brothers. 100% NNN  leased to three tenants: Payless Shoes, Fashion Bug and Optical Services. NOI $123K/yr. $1.78M. 6.95% cap.

© Transmercial 2012

12-28: Dialysis center, Texas Roadhouse

Happy holidays.  Please be advised that Transmercial will reopen for business on 1/2/2013.

1. Dialysis Center in Hammond, IN: 6834 SF dialysis center built in 2008 on .79 ac lot Chicago suburbs with easy access to I-80. 100% NNN leased to Liberty Dialysis (now owned by Fresenius) with 5 yrs left.  NOI $142K/yr.  $1.9M. 7.5% cap.
2. Texas Roadhouse in Dyer, IN: 7135 SF steakhouse restaurant built in 2008 on 1.68 ac lot along major corridor in high income (AHI $89K/yr in 3 mile) Chicago metro. Close to St. Margaret Mercy Dyer hospital. Tenant has been at this location since 2008.  100% absolute NNN corp ground lease with 10 yrs left (land is for sale). NOI $93K/yr as of Oct 2013 with a 9% rent increase in 2018. $1.508M. 6.20% cap.

© Transmercial 2012

12-27: 7-Eleven, LA Fitness, Waffle House, Advance Auto Parts, Family Dollar, MOB

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number. 

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $55+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 Forney, TX: 24,451 SF attractive two one-story buildings constructed in 2007 on nearly 3 ac lot at prime retail corridor. Across from Wal-Mart and Lowe’s in Dallas suburbs. 90.87% NNNN leased to 8 tenants including 5,000 SF Care United Medical Center. $4.995M. 9.01% cap.
2. 7-Eleven in Indio, CA: 2934 SF convenience store on .36 ac lot at a signalized intersection in growing Riverside County. Brand new 10 yrs absolute NNN corp lease. NOI $80K/yr with 10% rent increases every 5 yrs. $1.608M. 5% cap.
3. LA Fitness in Lansing, IL: 46,600 SF fitness center close to Ingalls Family Care Center & River Oaks Mall. Off/on ramp I-94/80 & densely populated Chicago suburbs. 100% NNN corp lease with10 ½ yrs left. NOI $768K/yr with a 10% rent increase in 2018. $9.6M. 8% cap.
4. Waffle House in Stockbridge, GA: 1806 SF free-standing Waffle House at highly visible location in fast growing Atlanta suburbs.  Close to Wal-Mart Supercenter, Macy’s center, Hotels and I-675. 20 yrs NNN corp ground lease (land is for sale) with 10 yrs left. NOI $43K/yr. $710K. 6.08% cap.
5. Advance Auto Parts in Smyrna, TN: 7000 SF Auto parts store on .82 ac lot in fast growing Nashville suburbs. Good performing store. Close to Nissan plant.  100% NNN- with 9 yrs left.  NOI $89K/yr. with 10% rent bump during 5-yr options.  Price reduced to $1.232M. 7.25% cap. Buyer to assume $590K loan at 5.25% fixed till 2022. Store with very strong sales of $2.5M/yr.
6. Office Building in Rockford, IL: 6514 SF Class B office building constructed in 2009 on .91 ac lot in high income (AHI of $99K/yr within 3 mile) area. 100% NNN- lease to established tenant. NOI $68K/yr. $850K. 8.04% cap.
7. Family Dollar in Houston, TX: 9180 SF well maintained retail building on .69 ac lot next to AutoZone at main retail corridor. 100% lease to national tenant. NOI $75K/yr. $1.05M. 7.14% cap.
8. MOB in Machesney Park, IL: 31,000 SF Class B medical office building built in 2002 and renovated in 2010. Close to OSF Health Care, Target, Home Depot and Menards. 100% NNN leased to Universal Hospital Services and Apria Healthcare. NOI $310K/yr. $3.564M. 8.72% cap.
9. Retail Center in Orem, UT: 6160 SF attractive retail center built in 2003 on 1+ ac lot a major retail corridor. NOI $132K/yr. $1.75M. 7.54% cap.

© Transmercial 2012

12-26: Rite Aid, Retail center, Comfort Suites, MOB

1. Rite Aid in Bowling Green, KY: 14,565 SF drug store in a fast growing city.  20 yrs absolute NNN lease with 15 yrs left.  NOI $354K/yr. $4.165M. 8.5% cap. 
2. Retail Center in Miami Gardens, FL: 20,810 SF retail center near Miami Dolphins stadium in Miami metro.  Across from Walmart.  Anchored by Office Depot with NNN lease till 2023 with 90% of the space.  100% leased to 2 tenants.  NOI $343K/yr.  $4.6M. 7.47% cap. 
3. Shopping Center in Las Vegas, NV: 13,790 SF retail center on 1.65 ac parcel in booming upper middle class area (1000% since 2000, AHI $88K/yr in 1 mile).  1005 NNN leased to national, regional, and local tenants including: Dunkin Donuts, Affordable Dental and Firehouse Subs.  NOI $250K/yr. $3.334M. 7.5% cap. 
4. Comfort Suites in Salem, OR: 86-unit Comfort Suites just off I-5.  NOI $553K/yr.  Price reduced to $5.65M. 9.5% cap. 
5. Shopping Center in Bonsall, CA: 30,955 SF 6-building shopping center built in 1984 on 2.85 ac lot in Northern San Diego county.  93% leased.  NOI $275K/yr. $5.5M. 5% cap. 
6. MOB in Carmichael, CA: 9385 SF medical office building on 1.6 ac lot in Sacramento metro. 78% leased.  NOI $89K/yr. $850K.  10.47% cap (Note: probably pro forma figures). 
7. Motel in Kissimmee, FL: 196-unit motel on 5.7 ac lot in Orlando metro.  Only 96 unit are in rentable condition.  The other 100 units need to be renovated at $3000/unit.  NOI $405K/yr. $2.7M. 15% cap.

© Transmercial 2012