05-24: In-line Shopping Centers, Office Buildings, Retail Centers

1. Retail Center in Deer Park, TX: 10,761 SF attractive retail center in fast growing and high income Houston suburbs. Credit tenants include: Verizon & Baskin Robbins.100% NNN leased. NOI $220K/yr. $2.85M. 7.75% cap.
2. Strip Center in Mobile, AL: 12,960 SF strip center built in 2005 on 1.46 ac outparcel to Lowe’s at a dominant retail corridor. Close to I-10. Across from Walmart supercenter. 81% NNN leased. NOI $202K/yr. $2.526M. 8% cap. Upside potential.
3. In-line Shopping Center in Arroyo Grande, CA: 26,941 SF shopping center on 2.52 ac lot at a hard corner location in Southern California coastal city. Shadow anchored by Dollar Tree and Smart & Final. $3.4M. NOI/Cap not provided.
4. Orchard Supply Hardware in Fairfield, CA: 43,896 SF single tenant big box renovated in 2007 on 4 acres of land in Northern CA. 20 yrs absolute NNN lease with 15 yrs left. NOI $805K/yr with strong 11% rent bumps every 5 yrs. $11.1M. 7.26% cap.
5. Office Building in Oxnard, CA: 20,714 SF Class-B office building completed in 1990 on 1.56 acres lot in high income Southern California.  97% leased to multiple tenants.  NOI $320K/yr.  $3.3M. 9% cap.
6. Office Building in Overland Park, KS: 9536 SF Class-B office building constructed in 1998 on .72 ac lot in fast growing (7.95% growth since 2000) and affluent (AHI $129K/yr within 3 mile) Kansas City suburbs. Across from Costco and St. Luke’s South Hospital. Near 3,900,000 SF Sprint World Headquarters. 100% leased to four tenants. NOI $138K/yr. $1.3M. 10.70% cap.
7. Retail Center in Vero Beach, FL: 13,000 SF retail center on 1.33 ac lot at main entrance to 860,000 SF Indian River Mall. 78% leased. NOI $256K/yr. $2.675M. 9.60% cap. Upside potential when fully leased.
8. Retail Center in Grayson, GA: 33,125 SF 6-yrs old high quality construction retail center in fast growing and high income Atlanta suburbs. 90% NNN leased. NOI $550K/yr. $5.799M. 9.50% cap.
9. Office Buildings in Lawrenceville, GA: 12,000 SF Class-A office buildings on 1 ac lot in fast growing Atlanta suburbs. Along Hwy-29/8. 100% leased to stable long term tenants. NOI $140K/yr. $1.3M. 10.80% cap.

© Transmercial 2013

05-23: Arby's, Burger King, MOB, Apartments, Retail Centers

1. Arby’s in Beaver Dam, WI: 3040 SF Arby’s restaurant built in 2008 on 1 ac outparcel to Menards grocery in a growing city. Across from Walmart Supercenter. 20 yrs absolute NNN lease with 10 yrs left to strong franchisee with 71 units. NOI $105K/yr with 5% rent bumps every 5 yrs. $1.333M. 7.88% cap.
2. Retail Center in Lake Worth, FL: 27,936 SF attractive retail center on 2.73 ac lot in upper middle-class Fort Lauderdale suburbs. Along major corridor. 90% NNN leased to 9 tenants. NOI $216K/yr. $3.6M. 6% cap.
3. Shopping Center in Lee’s Summit, MO: 56,544 SF well maintained shopping center renovated in 1995 on 5+ ac lot in high income (AHI $85K/yr within 3 mile) Kansas City suburbs. Excellent visibility from Hwy-50. 86% leased. NOI $344K/yr. $3.75M. 9.18% cap. Upside potential.
4. Apartments in Fresno, CA: 90-unit well kept apartment complex on 6.41 ac lot close to schools, parks and Hwy-168/180. 91% occupied. NOI $407K/yr. $4.95M. 8.24% cap.
5. Retail Center in Harker Heights, TX: 19,340 SF retail center built in 1997 on 1.76 ac lot in growing Killen suburbs. Across from H-E-B Supermarket & near  off/on ramp to Hwy-190. 100% leased. NOI $189K/yr. $2.1M. 9% cap.
6. MOB in Phoenix, AZ: 10,480 SF Class-B medical office building on .36 ac lot close to 266-bed John C. Lincoln North Mountain Hospital. 10 yrs NNN lease with 7 yrs left. NOI $120K/yr with 10% rent increases every 5 yrs. $1.25M. 9.60% cap.
7. Retail Center in Moreno Valley, CA: 6700 SF retail center on .61 ac lot in growing San Bernardino suburbs. Across from City Hall. Near Moreno Valley Mall and Hwy-60/I-215. 100% leased. NOI $62K/yr. $885K. 7.03% cap.
8. Retail Center in Rialto, CA: 9612 SF retail center and 4,825 SF free-standing McDonald’s  on ground lease (land is for sale, building revert to landowner if tenant does not renew lease) completed in 2002 on 3+ ac lot. In growing San Bernardino County. Across from Walmart and near I-10. NNN leases. NOI $282K/yr. $4.34M. 6.5% cap.
9. Burger King in Cedar Grove, NJ: 2307 SF Burge King on .81 ac lot in affluent (AHI $132K/yr in 3 mile radius) New York metro. Tenant has been at this location since 1971. 10 yrs NNN-lease with 7 yrs left. NOI $78K/yr. $1.3M. 6% cap.

© Transmercial 2013

05-22: Walgreen's, Checkmate, Office Condo, Shopping Centers

1. Walgreens in Colorado Springs, CO: 15,120 SF drive-thru drug store built in 2000 on 3.49 ac lot at a signalized corner. Close to 64-bed Heathsouth Rehabilitation Hospital. 100% NNN- corp lease with 7 yrs left. $6.05M. 7% cap.
2. Retail Building in Cincinnati, OH: 2727 SF retail building constructed in 2009 on .59 ac lot in densely populated area. Close to Sam’s Club, Kroger grocery and I-74.  100% NNN leased to Verizon Wireless and Little Caesar’s. NOI $64K/yr. $675K. 9.54% cap.  Ideal for first time investors.
3. Apartments in Sacramento, CA: 95-units well maintained apartments complex on nearly 4 ac lot near parks and Hwy-99. Close to Florin Towne Centre with Walmart Supercenter, Famsa, and 24 Hour Fitness. 99% occupied. NOI $392K/yr. $5.7M. 6.90% cap.
4. Walgreen’s in Hermitage, TN: 13,905 SF Walgreens on 1.67 ac outparcel to Home Depot in Nashville suburbs. Across from Lowe’s. 20 yrs NNN- corp lease with 5 yrs left. NOI $260K/yr. $3.6M. 7.23% cap.
5.  Retail Center in Mead, WA: 17,141 SF attractive retail center on .81 ac lot in high income (AHI $89Kyr) Spokane suburbs. 93% leased with great tenant mix. NOI $290K/yr. $4.1M. 7.08% cap.
6. Checkmate in Glendale, AZ: 1900 SF retail building renovated in 2003 on .52 ac lot at a hard corner location in growing Phoenix suburbs. 10 yrs NNN- lease with 9 yrs left to a financial company with 100+ locations in AZ, CA, CO, NM, UT and WA. NOI $100K/yr with rent increases. $1.4M. 7.20% cap.
7. Office Condo in Anaheim, CA: 10,079 SF Class-B office condo on 2+ ac lot at a hard corner location.  Zoning allows medical office use. 100% leased to Mace Security International (OTCQB: MACE), a public company known for manufacturing and marketing high quality security product, including personal defense sprays, home and business electronic products and central station monitoring. NOI $145K/yr. $1.864M. 7.81% cap.
8. Shopping Center in Palm Harbor, FL: 43,314 SF shopping center renovated in 2007 on 4.80 ac lot in upper middle-class Tampa metro. Excellent visibility from Hwy-19 with over 65,000 CPD. 70% leased. NOI $327K/yr. $3.9M. 8.40% cap. Upside potential.

© Transmercial 2013

05-21: Holiday Inn Express & Suites, Chevron, Red Robin, Apartments, MOB

1. Office Building in Dayton, OH: 15,244 SF Class-B office building on 1.90 ac lot in growing and high income area with and AHI of $87K/yr within 3 miles. Close to 116-bed Southview Medical Center and I-675. 74% leased with only one vacancy. $890K. NOI/Cap not provided.
2. Apartments in Stockton, CA: 190-unit well maintained apartment complex close to San Joaquin Delta College, University of the Pacific, major power centers including Weberstown Mall, schools and parks. NOI $607K/yr. $8.75M. 7.06% cap.
3. Retail Center in Tampa, FL: 15,442 SF well kept retail center on 2.73 ac lot in high income (AHI $92K/yr in 3 mile) area. Close to 199,534 SF Carrollwood Commons, 222,368 SF North Pointe Plaza and Hwy-597. 87% NNN leased with stable tenants. NOI $250K/yr. $3.1M. 8% cap. Upside potential.
4. Holiday Inn Express & Suites in Austin, TX: 65-room hotel built in 2002 on 2.69 ac lot in a fast growing area. Across from Lakeline Mall and near Hwy 620/183. 67% average occupancy. NOI $602K/yr. $7.35M. 8.20% cap.
5. Strip Center in Wylie, TX: 6600 SF attractive strip center on .57 ac lot in fast growing and high income (AHI $89K/yr) Dallas suburbs. Next to major retail corridor. 100% leased. NOI $61K/yr. $795K. 7.70% cap.
6. Chevron Gas Station in Santa Clara, CA: 1300 SF gas station with convenience store on .66 ac lot on El Camino Real at Lawrence Expressway.   High income (AHI $106K/yr) Silicon Valley.  $2.9M for both real estate and business.
7. Red Robin in Cordova, TN: 6,381 SF Red Robin Restaurant built in 2007 at a major retail corridor in high income Memphis suburbs. Along main retail corridor. 15 yrs absolute NNN corp ground lease (land for sale) with 9 yrs left. NOI $137K/yr with 10% rent bumps every 5 yrs. $1.964M. 7% cap.
8. Office Building in San Diego, CA: 32,702 SF Class-B office building on 1.52 ac lot in a high income area with an AHI of $96K/yr within 3 mile radius. 87% leased to 11 tenants. Pro forma NOI $403K/yr. $4.89M. 8.25% pro forma cap.
9. MOB in Fort Myers, FL: 33,841 SF Class-B consisting of three medical office buildings across from 349-bed Gulf Coast Hospital. 88% leased with strong quality tenants. NOI $459K/yr. $6M. 7.65% cap.

© Transmercial 2013

05-20: Bright Horizons, Econo Lube, Sombrero, Jack In The Box, Arby's

1. Shopping Center in Brentwood, CA: 22,950 SF consisting of two retail centers completed in 2003 on nearly 2 ac lot at a hard corner location in high income San Fran East Bay area. Across from Food Maxx. 68% NNN leased to 12 tenants. NOI $290K/yr. $4.21M. 6.90% cap. 
2. MOB in San Leandro, CA: 29,085 SF Class-B recently remodeled medical office building on 1.56 ac lot next to San Leandro Hospital in Silicon Valley. 88% leased. NOI$247K/yr. $4.75M. 5.20% cap.
3. Red Robin in Lawrenceville, GA: 6,350 SF restaurant built in 2006 at a main retail corridor in fast growing and high income Atlanta suburbs. Adjacent to The Avenue Webb Gin Shopping Center. 15 yrs absolute NNN corp ground lease (land for sale) with 8 yrs left. NOI $132K/yr with 10% rent bumps every 5 yrs. $1.885M. 7% cap.
4. Bright Horizons in Kendall Park, NJ: 8500 SF child care facility on 2 ac lot at a major thoroughfare in affluent (AHI $119K/yr within 3 mile) New York suburbs. 10 yrs NN corp lease with 8 yrs left. NOI $215K/yr. $2.774M. 7.75% cap.
5. Rite Aid in Charlotte, NC: 13,824 SF two lane drive-thru pharmacy on 1.45 ac lot at a signalized intersection in fast growing (96.76% pop growth) and high income (AHI $92K/yr) area. 100% NNN lease with 10 yrs left. NOI $326K/yr. $3.961K. 8.25% cap.
6. Econo Lube ‘N Tune & Brakes in San Antonio, TX: 3497 SF well kept six bay auto repair center on .34 ac lot next to I-410. 100% absolute NNN corp lease with 5 yrs left. NOI $82K/yr. $1.141M. 7.25% cap.
7. Sombrero Mexican Restaurant in Yuma, AZ: 2907 SF drive-thru Mexican restaurant on .91 ac lot at a main corner location. Close to 369-bed Yuma Regional Medical Center. 10 yrs absolute NNN lease with 7 yrs left to a tenant with 20 locations. NOI $74K/yr. $875K. 8.50% cap.
8. Jack in the Box in Garland, TX: 3152 SF well maintained fast food restaurant on .80 ac lot at a major retail artery in Dallas suburbs. Close to I-635. 100% NNN corp lease with 9 yrs left. NOI $88K/yr. $1.468M. 6% cap.
9. Arby’s in Chesterfield, MI: 3259 SF Arby’s restaurant on 1.24 ac lot in growing and upper middle-class Detroit suburbs. New 20 yrs absolute NNN ground lease (land for sale) to an experienced franchisee. This is a sale & leaseback investment. NOI $126K/yr with 5% rent bumps every 5 yrs. $1.575M. 8% cap.
10. Neighborhood Center in El Centro, CA: 47,010 SF neighborhood center on 2.45 ac lot along main artery in a growing city. 100% leased to Big 5, Border Tac-tical, Phoenix Uniforms, Palama’s Furniture and El Centro Fitness. NOI $402K/yr. $5.5M. 7.31% cap.

© Transmercial 2013