03-25: Office Buildings, REO'ed Office Building, Shopping Center

1. MOB in Hurst, TX: 33,000 SF class-A medical office building in high-income Dallas suburbs. Across from Super Walmart.  Major Tenants include Specialty Surgery Center, Touchstone Imaging, Lone Star Bariatrics, and Family Sleep Diagnostics.  NOI $425K/yr. $5M. 8.5% cap.
2. Office Building in Bountiful, UT: 34,022 SF Class-B office building built in 2000 on 2+ ac lot in growing and high income Salt Lake City suburbs. Next to I-15. 97% leased. NOI $253K/yr. $2.821M. 9% cap.
3. Shopping Center in Westborough, MA: 56,681 SF attractive shopping/office center along main corridor in affluent (AHI $154K/yr in 3 mile) Boston metro. 78% leased. NOI $484K/yr. $5.5M. 8.81% cap. Upside potential when fully leased.
4. Retail Center in Colorado Springs, CO: 13,507 SF recently renovated retail center on 1.33 ac lot along major retail corridor.  100% leased to strong tenants. NOI $134K/yr. $1.595M. 8.43% cap.
5. Office Buildings in Riverside, CA: 90,154 SF consisting of two Class-A office buildings completed in 2003/2004 on nearly 5 ac lot in Southern California.  Next to Hwy-91. 90% leased. NOI $1.322M/yr. Price/Cap not disclosed.

6. Burger King in Hixson, TN: 2607 SF Burger King built in 2008.  100% absolute NNN lease to an operator with 18 units.  NOI $115K/yr with 10% annual rent bumps very 5 yrs.  $1.643M. 7% cap.
7. Office Building in Tampa, FL: 32,000 SF consisting of three recently remodeled office buildings at a major intersection in a high income (AHI $97K/yr within 1mile) area.  Near Walmart Supercenter and Target centers.  100% leased to 15 tenants. NOI $297K/yr. $3.6M. 10% cap.
8. Shopping Center in Oshkosh, WI: 32,858 SF attractive shopping center built in 2005 on 5+ ac outparcel to Walmart Supercenter.  Close to 172-bed Mercy Medical Center and Hwy-41. 93% leased. NOI $346K/yr. $3.3M. 10.49% cap.
9. Retail Center in Lake Oswego, OR: 16,483 SF well maintained strip center in prosperous (AHI $118K/yr within 1-mile) Portland suburbs. Near I-5. 81% NNN leased. NOI $271K/yr. $3.75M. 7.25% Cap. Upside potential.
10. REO’ed Office Building in Kissimmee, FL: 20,543 SF bank-owned office building on 1 ac lot near Osceola Regional Medical Center. NOI $119K/yr. $1.495M. 8% cap.

© Transmercial 2013

03-22: Retail center, multifamily, CBA, Walgreens for sale

1. Retail Center in McKinney, TX: 11,948 SF multi-tenant retail center built in 2006 on 1 ac lot in affluent (AHI $142K/yr) Dallas suburbs.  100% leased with 65% tenants are regional or multi-store tenants.  NOI $192K/yr. $2.2M. 8.75% cap. 
2. Shopping Center in Boise, ID: 17,465 SF retail center on 3.2 ac corner lot.  90% leased to Bank of the West, Edible Arrangements, Blimpies, All Valley Pet Clinic, Maru Sushi, Saladman, Kabob House.  NOI $152K/yr. $1.697M. 9% cap. 
3. Multi-family in Rancho Cordova, CA: 16-unit townhome-styled 15,740 SF multifamily on .71 ac lot in Sacramento metro.  95% occupied.  Gross income $156K/yr. NOI $83K/yr. $1.175M. 7.11% cap. 
4. Shopping Center in Westminster, CO: 24,054 SF upscale shopping center constructed in 2006 on 8.36 ac corner lot in upper middle-class Denver metro.  88% NNN leased.  NOI $487K/yr. $6.9M. 7% cap. 
5. Christian Brothers Auto in Tampa, FL: 4921 SF auto service center built in 2012 on .96 ac in affluent Tampa suburbs.  15 yrs NNN corp lease to Christian Brothers Auto, a fast growing regional tenant.  NOI $171K/yr with 1.5% annual rent bumps. $2.36M. 7.25% cap. 
6. Strip Mall in Reno, NV: 3842 SF 2-unit strip center on an outparcel of a center anchored by Smith's Food and Drug.  High income area.  65% NNN leased to Check City, a regional tenant with locations in 5 states.  Current NOI $76K/yr.  Only $825K.  9.2% cap. Ideal for first time investors. 
7. Walgreens in Park Forest, IL: 13,905 SF Walgreens built in 1998 on 1.3 ac corner lot.  100% NNN- lease with 5 yrs left.  NOI $233K/yr. $3.15M. 7.39% cap. 
8. Shopping Center in Sioux City, IA: brand new 6200 SF shopping center on 1.18 ac pad to a power center with Kohl’s, Michael’s, PetsMart, Old Navy, Shoes Carnival, Dress Barn, Linens & Things. 100% NNN leased to Panera Bread and Qdoba Mexican Grill.  NOI $178K/yr. $2.765M. 6.45% cap.

© Transmercial 2013

03-21: Christian Brothers Automotive, Jiffy Lube, Dollar General, Office Buildings for sale

1. Christian Brothers Automotive in Katy, TX: brand new 4921 SF automotive center on .86 ac lot in fast growing and affluent (AHI $148K/yr in 1 mile) Houston suburbs. Close to I-10.  15 yrs absolute NNN corp lease. NOI $160K/yr with 1½% annual rent increases. $2.219M. 7.25% cap.
2. Jiffy Lube in Hilliard, OH: 2692 SF well maintained Jiffy Lube on .58 ac lot at a hard corner location in growing and high income Columbus metro. 100% NNN corp lease with 10+ yrs left. NOI $91K/yr with a rent increase in 2018. $1.14M. 8% cap.
3. Christian Brothers Automotive in Allen, TX: 4921 SF newly constructed auto center on .97 ac lot in Fort Worth/Dallas suburbs. Excellent demographics: 131.67% pop growth since 2000, AHI of $111K/yr within 1 mile radius. Adjacent to The Village at Fairview and The Village at Allen, with over 150 stores.  Close to Allen Premium Outlets with 100 stores & Hwy-75. 15 yrs absolute NNN corp lease. NOI $168K/yr with 1½% annual rent bumps. $2.32M. 7.25% cap.
4. Retail Center in Arlington, TX: 14,761 SF attractive retail center built in 2008 on 1.65 ac lot in fast growing and upper middle class Fort Worth/Dallas suburbs. Across from Tarrant County College Southeast. 70% leased. NOI $166K/yr. $1.975M. 8.42% cap.
5. Shopping Center in Ocala, FL: 27,956 SF shopping center built in 2006 on 3 ac corner lot at a major retail corridor. Major tenants include: IHOP, AT&T, AMSCOT, H&R Block and The UPS Store. Adjacent to Walmart Supercenter. 95% NN leased to 10 tenants. NOI $454K/yr. $4.94M. 9.20% cap.
6. Office Building in Independence, OH: 29,500 SF Class-B office building at a hard corner location in Cleveland suburbs. Off/on ramp I-77. 95% leased with good tenant mix. Proforma NOI $252K/yr. $2.8M. 9% cap.
7. Dollar General in San Antonio, TX: 9014 SF retail building with good visibly in fast growing area. 100% NNN lease with 3 yrs left. NOI $81K/yr. $1.084M. 7.50% cap. 
8. Office Building in Berkeley, CA: 24,182 SF well-maintained office building renovated in 1984 in Downtown Berkeley. 95% leased. NOI $353K/yr. $6.2M. 6.50% cap.
9. Mix-Used Centers in Hampton, VA: 39,000 SF consisting of two retail/office centers completed in 2006 & 2009 at a signalized corner location. Close to 79-bed Riverside Behavioral Health Center and I-64. NOI $602K/yr. $5.95M. 10% cap.
10. Retail Center in Greenville, SC: 8238 SF attractive retail center with signage and visibility along I-385. Adjacent to 1,300,000 SF Haywood Mall, near Patewood Memorial Hospital and Children’s Medical Center. 100% leased to McAlister Deli and Marked Down Furniture. NOI $80K/yr. $1M. 8% cap.

© Transmercial 2013

03-20: Red Robin, Arby's, Shopping Centers

1. Red Robin in Cordova, TN: 6381 SF Red Robin Restaurant built in 2007 on 1.68 ac lot at a major retail corridor in high income Memphis suburbs. 15 yrs absolute NNN corp ground lease (land for sale) with 9 yrs left. NOI $137K/yr with 10% rent bumps every 5 yrs. $2.037M. 6.75% cap.
2. Professional & MOB in Ann Arbor, MI: 28,600 SF Class B consisting of two professional & medical center built in 1993 on 6.55 ac lot at a main corridor. Close to I-94. NOI $355K/yr. $3.55M. 10.02% cap.
3. Arby’s in Norcross, GA: 3381 SF well maintained Arby’s Restaurant on .75 ac lot on/off ramp I-85 and across from Lowe’s in fast growing Atlanta suburbs. 20 yrs absolute NNN corp lease with 7+ yrs left. NOI $152K/yr with 4% rent increases every 2 yrs. $1.88M. 8.08% cap.
4. Retail Center in Richmond, VA: 5600 SF retail buildings built in 2007 on 1+ ac outparcel to Walmart and Lowe’s and near I-95. Tenants include: free-standing1,850 SF drive-thru Starbucks Coffee, 1,777 SF Game Stop and 1,973 SF Sunshine Nails. 100% NNN leased. NOI $155K/yr. $2.187M. 7% cap.
5. Neighborhood Center in Chino, CA: 64,076 SF shopping center on 6+ ac lot anchored by 24 Hour Fitness at a major retail corridor in San Bernardino County. Across from Chino Town Square Center, anchored by Burlington Coat Factory, DD’s Discount, JoAnn’s Fabrics, Ross and Target. Near Hwy-60. 71% leased. NOI $720K/yr. $9M. 8.01% cap.
6. Shopping Center in Matteson, IL: 61,437 SF attractive shopping center in growing and upper middle class Chicago suburbs. Adjacent to Lincoln Mall and near I-57.  93% NNN leased to Jimmy John’s, Verizon Wireless, DaVita Dialysis, Family Christian Stores, ATI Physical Therapy and many more.  NOI $877K.  Expected price $8M. 10+% cap..
7. Retail Center in Las Vegas, NV: 20,147 SF eye-catching retail center built in 2004 on 1+ ac lot at a hard corner location. Shadow anchored by Lowe’s and HomeGoods. Across from St. Rose Dominican Hospital-Siena. 96% leased. NOI $484K/yr. $6.75M. 7.18% cap.
8. Retail Building in Las Vegas, NV: 9105 SF Class B retail building constructed in 1998 along major retail corridor and in high income area. 100% NNN leased to Discount Tire and Dynamic Sport & Spine. NOI $111K/yr. $1.29M. 8.63% cap.

© Transmercial 2013

03-19: IHOP, Walgreens, Advance Auto Parts, MOB

1. IHOP in Oak Ridge, TN: 3820 SF IHOP Restaurant renovated in 2009 on .62 ac outparcel to Wal-Mart Supercenter just West of Knoxville suburbs. Adjacent to mall being re-developed and cross from Kroger/K-Mart center. 20 yrs absolute NNN lease with 16+ yrs left to a strong franchisee with 11 units. NOI $180K/yr. $2.25M. 8% cap. NOTE: flyer not available, full brochure upon request.  
2. Walgreen’s in Phoenix, AZ: 13,905 SF Walgreens pharmacy built in 1999 on 2½ ac lot at a signalized intersection with good ingress/egress.  20 yrs NNN- corp lease with 6 yrs left. $2.995M. 8.34% cap.  
3. Office Building in Cary, NC: 14,568 SF Class B all-brick office building constructed in 1995 on 1.48 ac lot in growing and high income area with an AHI of $96K/yr in 3 mile radius. 100% NNN leased. NOI $195K/yr. $1.95M. 10% cap.  
4. Advance Auto Parts in South Sioux City, NE: 7000 SF Advance Auto Parts built in 2000 on .65 ac corner lot at a main corridor. 100% NNN- recently extended lease with 11+ yrs left. NOI $69K/yr. $992K. 7% cap.  
5. Strip Center in Cumming, GA: 13,560 SF consisting of two retail buildings on 1.92 ac lot in fast growing and affluent (AHI $106K/yr) Atlanta metro. Across from 470,000 SF Avenue Forsyth, an open-air, specialty mixed-use project. 90% NNN leased. NOI $62K/yr. $3.11M. 8.50% cap.  
6. MOB in Livermore, CA: 7415 SF well maintained medical office building on .50 ac lot in affluent city (AHI $110K/yr in 3mile) in Northern CA. Adjacent to Valley Care Medical Center. 100% leased to Medical, Dental, Optometry and Pediatric Podiatry tenants. NOI $95K/yr. $1.614M. 5.90% cap.  
7. Retail Center in Lakewood, CA: 3600 SF attractive retail building constructed in 2005 on .27 ac lot on a major artery in Los Angeles with over 500K residents in 5 miles. Across from Tri-City Regional Medical Center, near Long Beach Towne Center and off/on I-605 ramp. 100% NNN leased to 7-Eleven and Dan Goldman’s Cash For Gold. NOI $135K/yr. $1.695M. 8% cap. 
8. Apartments in Fresno, CA: 22-units well kept apartment complex on .82 ac lot. Renovation underway for 2^nd phase Solar system. Close to Hwy-99. 91% occupancy. NOI $101K/yr. $1.45M. 7% cap.  
9. Shopping Center in Cedar Park, TX: 30,798 SF shopping center in fast growing and high income Austin suburbs. National tenants including Hertz, Quick Cash & Popeye’s and Rent-A-Center. 69% NNN leased. NOI $234K/yr. $2.932M. 8% cap. Upside potential when fully leased. 
10. Shopping Center in Cottonwood Heights, UT: 25,490 SF attractive shopping center built in 2002 on nearly 2 ac lot in densely populated and high income (AHI $113K/yr) Salt Lake City suburbs. 89% leased to nine tenants. NOI $285K/yr. $3.4M. 8.40% cap.

© Transmercial 2013

03-18: Jiffy Lube, Panda Buffet, Wendy's, Taco Bell, Talbots, Retail Centers

1. Jiffy Lube in Phoenix, AZ: 1936 SF attractive Jiffy Lube on .37 ac corner lot at a busy corridor and near I-10. Tenant has been at this location since 2005. 15 yrs absolute NNN lease with 9+ yrs left to a strong franchisee with 70 units. NOI $90K/yr with 10% rent bumps every 5 yrs. $1.125M. 8% cap. Note: flyer not available, full brochure upon request.
2. Panda Buffet Restaurant in San Diego, CA: 8915 SF well maintained Panda Buffet restaurant on .39 ac outparcel to CVS and VONS Power Center. In high income area with an AHI of $121K/yr in 3 mile radius. Close to I-15. 10 yrs NNN- lease with 3+ yrs left. NOI $202K/yr. $2.895M. 7% cap.
3. Shopping Center in Indianapolis, IN: 26,400 SF shopping center consisting of two retail buildings completed in 2004 on 2.54 ac lot in fast growing and high income area. 95% NNN leased to Outback Steak House, McAlister’s Deli, AT&T, Five Guys Burgers & Fries, Subway, Sport Clips and Davita Dialysis. NOI $486K/yr. $6.075M. 8.01% cap.
4. Wendy’s in Lithonia, GA: 2718 SF Wendy’s restaurant on .82 ac lot in fast growing Atlanta suburbs. Close to I-20 off/on ramps. 20 yrs absolute NNN lease with 12+ yrs left.  NOI $87K/yr. $1.208M. 7.25% cap.
5. Taco Bell in Fresno, CA: 2575 SF drive-thru fast food restaurant on .62 ac lot at a main retail corridor with good ingress/egress. Close to Airport. 100% NNN lease with 13 yrs left to experience franchisee currently operating 42 units. NOI $93K/yr with 10% rent bumps every 5 yrs. $1.87M. 5% cap.
6. Retail Center in Fremont, CA: 14,818 SF retail center built in 2001 on 1.32 ac lot in affluent Silicon Valley suburbs (AHI $110K/yr in 1 mile). Across from The Home Depot and next to REI. Easy access to I-880 and I-680. 100% NNN leased. NOI $506K/yr. $7.1M. 7.14% cap.
7. Medical Office Building in Orlando, FL: 51,976 SF Class A single-tenant medical office building constructed in 2008 on 2.67 ac lot. New 15 yrs lease. NOI $675K/yr. $7.5M. 9.01% cap.
8. Retail Center in Fontana, CA: 13,800 SF well maintained retail center built in 2008 on 1+ ac lot at a hard corner location in San Bernardino County. 83% leased. Proforma NOI $202K/yr. $2.897M. 7% proforma cap.
9. Talbots in Oklahoma City, OK: 10,000 SF attractive retail center on .75 ac lot in growing and upper middle class neighborhood. Across from Penn Square Mall and close to I-44. 100% NNN lease to Talbots, a national women fashion retailer with 10+ yrs left. NOI $199K/yr. $2.495M. 8% cap.
10. Jiffy Lube in Virginia Beach, VA: 3,060 SF Jiffy Lube on .37 ac lot at a main retail corridor. Next to Kroger grocery and Home Depot. 100% absolute NNN lease with 9 yrs left. NOI $144K/yr. $1.656M. 8.70% cap.

© Transmercial 2013