02-22: How to invest in Commercial RE with IRA funds

Attached please find the article titled “How to Use IRA Funds to Invest in Commercial Properties”

1.  Neighborhood center in Keizer, OR: 61,838 SF neighborhood center on 5.32 ac lot in Salem metro.  Shadow anchored by Albertson supermarket.  Anchored by Rite Aid.  92% NNN leased. Current NOI $538K/yr. $6.75M. 7.98% cap. 
2. Shopping Center in Akron, OH: 75,866 SF shopping center on 8 ac lot.  Anchored by Giant Eagle Supermarket, a regional chain with $9.3B in revenue.  Store with strong sales of est. $500/SF.  NOI $669K/yr. $9.25M. 7.24% cap. 
3. MOB in Columbus, OH: 32,000 SF 2-story class-A medical office building and surgery center built in 2000 on 2.2 acres lot.  Anchored by 13,333 SF Knightsbridge Surgery Center.   94% leased.   NOI $431K/yr.  $5.595M. 7.2% cap.   Low price $175/SF for class-A MOB. 
4. Retail Center in Modesto, CA: 23,346 SF retail center on 1.97 ac lot.  100% occupied. NOI $224K/yr. $3.35M. 6.7% cap. 
5. Shopping Center in Phoenix, AZ: 26,341 SF shopping center on 5.5 ac lot.  Shadow anchored by Safeway grocery.  91% leased.  NOI $390K/yr. 7.8% cap. 
6. Shopping center in Colorado Springs, CO: 65,154 SF shopping center on 5.21 acres lot in wealthy area with AHI $108K/yr in 1 mile.  Easy access to I-25.  99% leased.  NOI $453K/yr. $4.93M. 9.38% cap.

© Transmercial 2013

02-21: Walgreens, Red Robin, AAP, Napa Auto Parts, Arizona's Steakhouse, Apartments

1. Walgreen’s in Westland, MI: 13,782 SF double drive-thru drug store built in 1997 on 1.53 ac lot at a hard corner location in Detroit metro. Shadow anchored by Kroger grocery. 20 yrs NNN- corp lease with 5 yrs left. NOI $285K/yr. $3.33M. 8.50% cap.
2. Red Robin Restaurant in Lawrenceville, GA: 6350 SF Red Robin restaurant built in 2006 on .32 ac lot at a main retail corridor in fast growing and high income Atlanta suburbs. Adjacent to The Avenue Webb Gin Shopping Center . Close to 310-bed Eastside Medical Center. 15 yrs absolute NNN ground lease (land for sale) with 8 yrs left. NOI $132K/yr with 10% rent bumps every 5 yrs. $1.955M. 6.75% cap.
3. Advance Auto Parts in Flowery Branch, GA:  7000 SF auto part retail center built in 2007 in fast growing and high income  ($94K/yr) Atlanta suburbs. Across from Publix super market and close to Kroger grocery center. 15 yrs absolute NNN corp lease with 9+ yrs left. NOI $163K/yr. $2.3M. 7.11% cap.
4. Napa Auto Parts in Vallejo, CA:  7,500 SF Napa Auto Parts built in 2006 on .61 ac lot at a signalized corner location Northeast of San Francisco. 15 yrs NNN lease with 6+ yrs left. NOI $117K/yr with annual CPI rent increases. Price just reduced to $1.565M. 7.50% cap.
5. Professional Center in Porter Ranch, CA: 13,896 SF Class-B professional center on .98 ac lot in affluent (AHI $158K/yr in 1 mile) Southern California. Next to Hwy 118. 91% leased to medical practices and professional tenants. Proforma NOI $328K/yr. $5.4M. 6.10% proforma cap.
6. Office Building in Soquel, CA: 7541 SF Class-A office building in high income coastal Santa Cruz metro in Northern CA. Across from Palo Alto Medical Foundation, near Sutter Maternity and Surgery Center and Dominican Hospital. $1.496M.
7. Arizona’s Steakhouse in Lithonia, GA: 6,442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall near I-20 exit in fast growing Atlanta suburbs.  Tenant with 4 Arizona’s + 11 Travina Italian Restaurants. 100% NNN leased with 10 yrs left. NOI $246K/yr. with 2% annual rent bump. $3.2M. 7.71% Cap.  Tenant’s P&Ls showing profitable business will be available.
8. Apartments in Fort Worth, TX: 121-unit well maintained apartment complex in growing middleclass area. Close to parks, shopping centers and I-30. Proforma NOI $343K/yr. $4.2M. 8.89% proforma cap.

© Transmercial 2013

02-20: KFC, Walgreen's, Office Buildings, Shopping Centers

1. Shopping Center in Plano, TX: 50,479 SF well-maintained shopping center consisting of three buildings on nearly 5 ac lot at a signalized corner in high income (AHI $108K/yr in 1 mile) Dallas metro. Anchored by a 5,824 SF stand alone six-bay Firestone Tires. 93% NNN leased to 22 tenants including Firestone Tires on 5,824 SF free-standing building. NOI $413K/yr. $4.75M. 8.70% cap.
2. Strip Center in Saint Joseph, MO: 7956 SF attractive strip center built in 2007 in growing and high income (AHI $89K/yr) city. Outparcel to a shopping center anchored by Walmart, Home Depot, Target, Kohl’s, TJ Maxx and Best Buy. 100% NNN leased to Buffalo Wild Wings, Sprint and Allure Nails. NOI $193K/yr. $2.492M. 7.75% cap.
3. Shopping Center in Hartford, CT: 39,900 SF shopping center built in 2003 on 2.90 ac lot in densely populated city.  Anchored by Family Dollar and Save-A-Lot grocery. 100% leased. NOI $474K/yr. $6.322M. 7.75% cap,
4. KFC in Wichita Falls, TX: 3200 SF KFC restaurant built in 2010 on .94 ac outparcel to Walmart Supercenter. 15 yrs absolute NNN lease with 13+ years left to strong operator with 32 units. NOI $94K/yr with 7.5% rent increases every 5 yrs. $1.15M. 8.26% cap.
5. Apartments in Menlo Park, CA: 6-unit well kept apartment complex on .18 ac lot in a very wealthy (AHI $149K/yr in 3 mile radius) neighborhood which is home of Facebook, and Oracle headquarters. Close to hospitals, shopping centers and highways. 100% occupied. NOI $68K/yr. $1.149M. 6% cap.
6. Walgreen’s in Cincinnati, OH: 14,560 SF Walgreen’s pharmacy on 1.39 ac lot in affluent neighborhood with an AHI of $140K/yr in 1 mile. Across from Kroger grocery. 25 yrs NNN corp lease with 17 yrs left. NOI $335K/yr. $5.583M. 6% cap.
7. Walgreen’s in Palmetto, FL: 15,120 SF drive-thru established drug-store built in 2000 on 1.30 ac lot at a hard corner location in Tampa metro. 100% NNN leased with 7 yrs left. NOI $280K/yr. $3.5M. 8.02% cap.
8. Office Building in The Woodlands, TX: 95,973 SF Class-A 5-story office tower constructed in 1994 on 2+ ac lot in affluent (AHI $149K/yr) Houston suburbs. Near The Woodlands Mall & I-45. 100% leased to multiple tenants since 1999. 7.20% cap. NOI/Price not disclosed.
9. Office Building in Meridian, ID: 7132 SF Class-A office building constructed in 2007 on nearly 1 ac lot in fast growing Boise suburbs. Close to St Luke’s Meridian Medical Center.   100% NNN leased. NOI $64K/yr. $781K. 8.30% cap.

© Transmercial 2013

02-19: Apartments, Church's Chicken, Shopping Centers

1. Apartments in Fresno, CA: 57-units well maintained apartment complex on 2+ ac lot. Recent upgrades include: 22-units completely remodeled, new stucco and paint, renovated laundry room and resurface pool. Next to Hwy-168 and close to shopping centers. High Occupancy. NOI $116K/yr. $1.495M. 7.81% cap. Upside potential.
2. Shopping Center in St. Petersburg, FL: 33,147 SF well maintained shopping center on 3+ ac lot at a signalized corner location. Anchored by a 14,324 SF Save-A-Lot grocery (regional tenant with over 1200 stores). 84% NNN leased. NOI $199K/yr. $2.45M. 8.13% cap. Upside potential when fully leased.
3. Strip Center in Lancaster, CA: 6651 SF retail center on .42 ac lot in growing town just North of Los Angeles. 100% leased to liquor store, pawn shop and shoes store. NOI $82K/yr. $949K. 8.70% cap.
4. Church’s Chicken in Wichita, KS: 1345 SF Church’s Chicken on .32 ac lot adjacent to 300-bed Via Christi Hospital. 100% NNN leased with 11 yrs left. NOI $50K/yr. $760K. 6.67% cap.
5. Shopping Center in Indianapolis, IN: 66,470 SF shopping center anchored by Kroger grocery with huge monument sign along main corridor. Close to I-74. 100% leased to mostly national tenants. NOI $413K/yr. $5.5M. 7.51% cap.
6. Apartments in Fresno, CA: 51-units well maintained two-bedroom apartments built in 1977. Across from Sunnyside High School and near shopping centers. 98% occupancy. Proforma NOI $203K/yr. $3.195M. 7.77% cap.
7. Shopping Center in Katy, TX: 26,355 SF shopping center on 3.5 acres of land in fast growing & affluent area with an AHI of $160K/yr in 1 mile. 97% leased with only one small vacant unit. NOI $407K/yr. $5M. 8.15% cap.
8. Shopping Center in Grove City, OH: 58,216 SF shopping center built in 1996 on 8.20 ac lot in growing Columbus suburbs. Close to I-71. 97% leased. NOI $520K/yr. $5.85M. 8.90% cap.

© Transmercial 2013

02-18: Strip centers, apartments

1. Strip Mall in Fresno, CA: 4800 SF strip center on a outparcel to Manchester Shopping center next to Hwy 41 exit.  100% leased to Starbucks, Panda Express and Deli Delicious. NOI $133K/yr. $2.2M. 6.04% cap. 
2. Multifamily in Downey, CA: 8-unit multi-family on .37 ac lot in Los Angeles county.  Close to Fwy 5, 105, and 710.  Remodel within a year with new granite counter tops in kitchen, bathrooms, tile,  carpet floors, dishwasher, stove, paint, blinds. 100% occupied with gross income of $159K/yr. $1.8M. 7.32% cap. 
3. Apartments in Richmond, VA: 40-unit apartments.  Recent improvements include new roof, hot water heaters, forced air gas heater with central air and heat pumps.  NOI $127K/yr. $1.6M. 7.94% cap. 
4. Apartments in Houston, TX: 64-unit apartments on 1.54 ac lot in high income area in Houston (AHI $88K/yr in 1 mile).  Totally renovated in 2010-2011.  100% occupied. $NOI $259K/yr. $2.875M. 9% cap. 
5. Shopping Center in Reno, NV: 7300 SF retail center built in 2005 on 1.5 ac outparcel to a shopping center anchored by Savemart supermarket, Walgreens, Staples, and Dollar Tree. Growing & high income area.  100% NNN leased to 5 national/regional tenants - Qdoba Mexican Grill, Subway, Go Wireless, Supercuts and Paycheck Advance.  NOI $217K/yr. $2.899M. 7.5% cap.

© Transmercial 2013

02-15: Just Brakes, Del Taco, Shopping Centers

1. Retail/Office Center in Melbourne, FL: 61,746 SF retail & office complex built in 2001 on 6.5 ac lot adjacent to Sam’s Club with easy access to I-95.  High income and growing area.  100% NNN leases.  NOI $384K/yr $4.9M. 7.84% cap. 
2. Just Brakes in Lafayette, CO: 3800 SF auto service center built in 2005 on ½ ac lot in high income Denver suburbs.  20 yrs corp NNN lease by Just Brakes, a regional tenant with 160 centers.  NOI 78K/yr with 2% annual rent bumps in the 1^st 12 yrs. $975K.  8% cap.
3.  Shopping Center in Columbia, SC: 58,207 SF retail center.  Anchored by 4 national & regional tenants occupying 88% of the center: Save A Lot grocery, Dollar General, Rent-A-Center and Citi Trends fashion.  92% leased.  NOI $339K/yr. $3.65M. 9.3% cap. 
4. Shopping Center in Fresno, CA: 35,963 SF 5-yrs old retail center on 4.2 ac lot.  Anchored by FitU, a regional fitness center with 12 locations and Family Dollar store.  Shadow anchored by AutoZone.  100% leased.  NOI N/A.  $3.75M.  Just over $100/SF. 
5. Office Building in Locust Valley, NY: 25,408 SF 2-story office building on 1.12 ac lot in high income New York metro (AHI $126K/yr in 1 mile).  90% occupied.  NOI $354K/yr. $3.9M. 9% cap. 
6. Shopping Center in Toledo, OH: 22,400 SF multi-tenant shopping center on 3.15 ac lot.  100% leased.  NOI $216K/yr. $2.16M. 10% cap. 
7. Del Taco Restaurant in Greeley, CO: 2240 SF Del Taco restaurant on .8 ac lot in a growing area North of Denver.  Across from Greeley Mall.  20 yrs NNN lease with 15 yrs left.  NOI $132K/yr. $1.76M. 7.5% cap. 
8. Shopping Plaza in Port Orange, FL: 14,611 SF retail plaza built in 2005 on 1.61 ac outparcel to Super Target and Lowes Center next to I-95 in Daytona Beach.  Anchored by Panera Bread.  NOI $357K/yr. $4.75M. 7.5% cap.

© Transmercial 2013