04-22: MOB, 24 Hour Fitness, AAP, Walgreens

1. MOB in Naperville, IL: 6715 SF newly renovated medical office building on 1+ ac lot in affluent Chicago suburbs with an AHI of $150K/yr in 1 mile.  10 yrs NNN- lease with 9+ yrs left to MedSpring, an urgent care provider with 14 locations. NOI $175K/yr with 10% rent bumps every 5 yrs. $2.338M. 7.50% cap.
2.  Office Building in Merced, CA: 21,603 SF Class-B office building on 2 ac lot along main corridor. 95% leased to multiple tenants. NOI $236K/yr. $2.8M. 7.74% cap.
3. Neighborhood Center in Redland, CA: 97,185 SF shopping center on 7.60 acres of land at a hard corner location in high income San Bernardino suburbs. Anchored by 17,700 SF Rite Aid, 24-Hour Fitness and Chase. Shadow anchored by Albertsons grocery. 79% NNN leased. NOI $1.064M/yr. $13.75M. 7.74% cap.
4. Retail Center in San Antonio, TX: 8500 SF attractive retail center built in 2006 on .84 ac outparcel to Walmart Supercenter and adjacent to Loop-410.  Near Westover Marketplace, a Power Center anchored by Target, Lowe’s, Ross, Office Depot and PetSmart. 100% leased to 5 tenants including GameStop, Cash Advance, Verizon Wireless, Pro Tax and Nail Salon. NOI $227K/yr. $2.8M. 8.13% cap. Buyer must assume existing loan.
5. 24 Hour Fitness in Houston, TX: 16,735 SF fully renovated fitness center on 1.24 ac lot in densely populated and high income (AHI $107K/yr in 3 mile radius) area. 15 yrs NNN lease with 6 yrs left. NOI $284K/yr. $2.995M. 9.50% cap.
6. Los Alazanes Restaurant in Victorville, CA: 2000 SF drive-thru Mexican restaurant fully renovated in 2008 on .76 ac lot in San Bernardino County. Close to Mall of Victor Valley and I-15. 10 yrs NNN lease with 4+ yrs left to experienced operator with multiple locations. NOI $114K/yr with 3% annual rent increases. $1.52M. 7.50% cap.
7. Advance Auto Parts in Houston, TX: 8528 SF auto center on .89 ac lot next to Walgreens and across from HEB center. 15 yrs NNN lease with 8 yrs left. NOI $133K/yr. $1.663M. 8% cap. Buyer to assume $1.2M loan at 6.3% interest rate.
8. Walgreen’s in Carmichael, CA: 14,490 SF drive-thru drug store built in 2002 on 1.35 ac lot in high income Sacramento suburbs. 20 yrs NNN- corp lease with 9 yrs left. NOI $399K/yr. $5.911M. 6.75% cap.
9. MOB in Edinburg, TX: 6064 SF Class-A medical office building in affluent McAllen suburbs with AHI of $135K/yr in 1 mile. Just North of Cornerstone Regional Hospital. 100% leased. This is a sale & leaseback investment, so lease terms are negotiable. $1.1M.
10. Advance Auto Parts in Universal City, TX: 7000 SF Advance Auto Parts built in 2001 on 1+ ac lot in fast growing San Antonio suburbs. NNN- newly exercised 5 yr option. NOI $102K/yr.  $1.363M. 7.50% cap.

© Transmercial 2013

04-19: MOB, Apartments, Neighborhood Center, Inline Center

1. Retail Center in Orland Park, IL: 12,085 SF retail center built in 2007 on 1.49 ac corner lot in high income (AHI $106K/yr in 3 mile) Chicago suburbs. 85% NNN leased to Thai Fried Rice, Great Clips, Anytime Fitness and Heartland Dental. Current NOI $158K/yr. $1.946M. 8.14% actual cap. Upside potential.
2. Apartments in Fresno, CA: 34-units multifamily apartment complex on 1.23 ac lot in fast growing area. Close to parks, schools, shopping centers, restaurant and public transportation. 98% occupied. NOI $156K/yr. $2.153M. 7.30% cap.
3. Inline Retail Center in Westerville, OH: 15,219 SF attractive retail center in affluent Columbus suburbs with an AHI of $125K/yr in 1 mile radius. Part of 200,000 SF regional center anchored by Kroger Supermarkets and Home Depot. 76% leased. NOI $147K/yr. $1.5M. 9.84% cap.
4. Apartments in Houston, TX: 46-unit apartment complex on nearly 1 ac lot in high income (AHI $95K/yr in 3 mile) area. 100% occupied. NOI $155K/yr. $1.42M. 9.10% cap.
5. MOB in Albuquerque, NM: 13,206 SF Class-B medical office building fully renovated in 2005. Across from Presbyterian Kaseman Hospital. Close to Winrock Mall and I-40. 100% leased with mostly medical tenants. NOI $161K/yr. $2M. 8.05% cap.
6. Community Center in Stockbridge, GA: 162,778 SF well maintained neighborhood center on nearly 20 acres of land in growing Atlanta metro. National/regional tenants include: Goodwill Industries, Northern Tool & Equipment, Fred's, Citi Trends Fashion, Cato & Farmer's Home Furniture Adjacent to I-675. 89% leased. NOI $900K/yr. $10M. 9% cap.
7. MOB in Houston, TX: 21,600 SF Class-B seven units medical office complex built in 2006 on 2.77 ac lot in fast growing area. 77% leased to a diverse mix of medical tenants including Texas Children’s Pediatrics, Total Woman Healthcare, and ABC Dental. NOI $239K/yr. $2.95M. 8.12% cap.

© Transmercial 2013

04-18: 24-Hour Fitness, Jiffy Lube, Aspen Dental, Automotive Center, Retail Centers

1. Retail Center in Gilbert, AZ: 14,878 SF shopping center built in 2006 on 2+ ac lot in high income (AHI $80K/yr in 3 mile) area. Shadow anchored by 99¢ Only store. 100% NNN leased to Maddy’s Pool Supply, SW Dental Group, JL Nails, East Valley Animal Hospital and Gilbert Center for Family Medicine. NOI $264K/yr. $2.9M. 9.01% cap.
2. 24-Hour Fitness in Reno, NV: 24,000 SF single tenant fitness center built in 1997 on 3 ac lot at a signalized location.  Adjacent to Meadowood Mall. Tenant has been at this location since 1997. 100% NNN- corp lease with 4+ yrs left. NOI $350K/yr. $3.5M. 10% cap.
3. Strip Center in Milwaukee, WI: 8498 SF attractive strip center on .86 ac outparcel to Pick ‘n Save grocery. 100% NNN leased to Sally Beauty Supply, Cricket Wireless, Subway and Starbucks Coffee, and Wingstop. NOI $175K/yr. $2.192M. 8% cap.
4. Retail Building in College Park, GA: 9240 SF retail building remodeled in 2008 at a major corridor in fast growing Atlanta suburbs. 100% NNN leased to O’Reilly Auto Parts and Choice Tire. NOI $111K/yr with income from billboard. $1.528M. 7.30% cap.
5. Retail Center in Porterville, CA: 3620 SF attractive retail at the intersection of 2 major arteries in San Joaquin Valley.  100% NNN leased to 3 credit tenants: Starbucks, Subway and QC Financial.  NOI $139K/yr. $1.995M. 7% cap.
6. Retail Center in Parker, CO: 51,743 SF retail center at main corridor in affluent (AHI $1012K/yr in 3 mile) Denver suburbs. Near Parker Adventist Hospital. 100% NNN leased to Sprouts Farmers market and Parker Spirits & Wine. NOI $814K/yr. $11.631M. 7% cap.
7. Retail Center in Porterville, CA: 9329 SF retail center built in 2008 on 1.48 ac lot at a hard corner location in San Joaquin Valley.  Adjacent to Lowes and proposed Walmart Supercenter. Close to Hwy-65. NOI $142K/yr. $2.035M. 7% cap.
8. Automotive Center in Las Vegas, NV: 15,000 SF well maintained automotive center on 1+acres lot in fast growing area.  100% leased by automotive tenants.  NOI $159K/yr. $2M. 7.95% cap.
9. Jiffy Lube in Austin, TX: 2766 SF well maintained Jiffy Lube on .37 ac lot in fast growing and upper middle class area. Visible from & next to Hwy-183. 100% NNN leased with 4 yrs left. NOI $96K/yr with annual rent increases. $1.1M. 8.75% cap.
10. Aspen Dental in Huber Heights, OH: 3200 SF recently constructed retail building on .72 ac outparcel to 318,000 SF Power Center in Dayton suburbs. Adjacent to Target and Lowe’s. 10 yrs NNN- lease. NOI $108K/yr with rent bumps every 5 yrs. $1.335M. 8.15% cap.

© Transmercial 2013

04-17: USA Pawn, Rite Aid, Wendy's, AAP, MOB, Shopping Centers

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 Maple Grove, MN: 43,107 SF attractive upscale shopping center built in 2002 at a major retail artery in fast growing and high income (AHI $108K/yr in 3 mile) Minneapolis suburbs. Close to The Shoppes at Arbor Lakes Mall and I-94/694. 93% NNN leased. NOI $716K/yr. $8.9M. 8.05% cap.
2. USA Pawn in Tucson, AZ: 10,291 SF recently renovated retail building on .76 ac lot at main thoroughfare. 100% NNN lease with 9 yrs left to a credit tenant with 1100 locations. NOI $98K/yr. $1.372M. 7.15% cap.
3. Retail Center in Canton, OH: 13,216 SF eye-catching retail center built in 2008 on nearly 1 ac lot in high income Akron suburbs. Across from 800,000 SF Westfield Belden Village Mall. 100% NNN leased to Aspen Dental, EyeMasters, Buybacks and SleepLogic. NOI $346K/yr. $4.3M. 8.07% cap.
4. Rite Aid in Riverside, CA: 16,550 SF Rite Aid Pharmacy built in 2000 on 2.26 ac lot at high traffic and high income (AHI $80K/yr in 1 mile) location in Southern California. 20 yrs NNN corp ease with 7 yrs left. NOI $294K/yr.  $3.847M. 7.65% cap. Store with strong sales revenue of $8.3M (low 3.54% rent to income ratio means high likelihood of lease renewal.)
5. Retail Center in Woodstock, IL: 13,915 SF retail center in fast growing and high income (AHI $75K/yr) city just West of Chicago. Across from Walmart Supercenter. 89% NNN leased to Verizon Wireless, Benjamin Franklin, Anytime Fitness, Great Clips and Chiro One. NOI $225K/yr. $2.73M. 8.25% cap.
6. Wendy’s in Buffalo Grove, IL: 4,089 SF Wendy’s restaurant at major retail corridor in affluent (AHI $103K/yr in 1 mile) Chicago metro.  Tenant has been at this location since 1990. 100% NNN lease with 2 yrs left. NOI $69K/yr. $910K. 7.64% cap.  Store with strong over $1.1M in sales and is very likely to renew lease.
7. Strip Center in Corpus Christi, TX: 8768 strip center built in 2005 on .91 ac lot with excellent visibly in high income area with an AHI of $96K/yr within 1 mile.  100% leased. NOI $120K/yr. $1.39M. 8.64% cop.
8. Advance Auto Parts in Raleigh, NC: 7000 SF Advance Auto Parts built in 2006 on 1.48 ac lot next to Walgreens. Across from Walmart supercenter. 15 yrs NNN lease with 8 yrs left. NOI $155K/yr. $2.276M. 6.85% cap.
9. MOB in Hendon, WA: 22,833 SF Class-B medical office building on 1.48 ac lot in very affluent (AHI $182K/yr) Washington DC suburbs. 100% leased. 7% cap. NOI/Price not disclosed.
10. Shopping Center in Florissant, MO: 32,794 SF well maintained shopping center on 3+ ac lot at a high traffic location in St. Louis suburbs. Next to I-270.  With solid tenant mix. NOI $333K/yr. $4.1M. 8.13% cap.

© Transmercial 2013