06-20: Surgery Center, Wendy's, MOB's, Retail Centers

1. Shopping Center in Cumming, GA: 24,517 SF attractive shopping center built in 2007 on 5+ ac lot in affluent Atlanta suburbs with an AHI of $121K/yr in 1 mile. Along Hwy-20. 94% NNN leased to 9 tenants with only one vacancy. Actual NOI $426K/yr. $5.015M. 8.5% cap. Upside potential when fully occupied.
2. Surgery Center in Houston, TX: 11,200 SF surgery center renovated in 2003 on 1+ ac lot with easy access to Hwy-290. 15 yrs NNN lease to Northwest Surgery Associates with 6 yrs left. NOI $425K/yr with a rent bump in 2014. $4.8M. 8.87% cap.
3. Wendy’s in Clermont, FL: 3048 SF well maintained Wendy’s in Orlando suburbs. Close to South Lake Hospital and next to Hwy-27. 20 yrs NNN lease with 18 yrs left to a strong franchisee with 40+ units. NOI $107K/yr with 8% rent increases every 5 yrs. $1.783M. 6% cap.
4. MOB in Waukesha, WI: 55,800 SF medical office building completed in 1999 on 4.7 ac lot at main retail corridor in Milwaukee suburbs. Close to I-94. New 7 yrs NNN lease to Criticare Systems, an international medical device company. This is a sale-leaseback investment. NOI $558K/yr. $5.873M. 9.50% cap.
5. Shopping Center in Indian Trail, NC: 21,463 SF attractive shopping center built in 1996 in fast growing and high income Charlotte suburbs. Anchored by Carolinas HealthCare. 83% leased. NOI $136K/yr. $1.708M. 8% cap. Upside potential.
6. MOB in Mount Laurel, NJ: 21,000 SF Class-A medical office building in an affluent Philadelphia metro with an AHI of $137K/yr in 1 mile. Close to 90+ store Moorestown Mall,  and I-295. 85% leased. NOI $243K/yr. $2.7M. 9% cap.
7. Retail Center in Folsom, CA: 17,445 SF well kept retail center on 1.48 ac lot in wealthy Sacramento suburbs (AHI $102K/yr in 3 mile radius).  87% leased.  NOI $182K/yr. $2.235M. 8.33% cap.
8. MOB in Jacksonville, FL: 14,200 SF Class-B medical office building on 1.82 ac lot next to I-95.. Anchored by St. Vincent’s First Care Occupational Health Practice. 100% leased to multiple tenants. NOI $116K/yr. $1.3M. 9% cap.
9. Retail Center in Maywood, CA: 7669 SF well kept retail center at a signalized intersection in densely populated Los Angeles County. Good tenant mix. NOI $164K/yr. $1.695M. 9.70% cap.
10. Retail Center in Charlotte, NC: 18,460 SF retail center in fast growing and high income area. Tenants include: Goodwill, HobbyTown USA and World Class Hair Care. 100% NNN leased. 9% cap. Price/NOI not disclosed.

© Transmercial 2013

06-19: Red Robin, Pizza Hut, 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. $1.964M. 7% cap.
2. Shopping Center in Colorado Springs, CO: 27,017 SF attractive shopping center on 4+ ac lot.  Shadow anchored by King Soopers, a regional grocery chain. Close to I-25. 94% leased to sixteen tenants. NOI $591K/yr. $8.453M. 7% cap.
3. Pizza Hut & Wing Street in Los Angeles, CA: 1800 SF dual branded fast food restaurant at a corner location in densely populated area. Next to Big Lots an across from The Home Depot, Food 4 Less and Walgreens center. 100% NNN absolute NNN lease with 7 yrs left to a strong operator with 222 units. NOI $52K/yr with 10% rent bumps every 5 yrs. $740K. 7.03% cap.
4. Retail Center in Milwaukee, WI: 9477 SF well maintained retail center near close to I-43 and I-94. 100% NNN leased with long tern tenants. NOI $79K/yr. $935K. 8.50% cap.
5. Shopping Center in Lehigh Acres, FL: 25,000 SF shopping center built in 2006 on 3.26 ac lot along major corridor in fat growing Fort Myers suburbs. 100% NNN since 2006.  NOI $480K/yr $6M. 8% cap.
6. Shopping Center in Baltimore, MD: 21,399 SF upscale retail center constructed in 2006 in upper middle class area.  90% leased.  NOI $539K/yr. $6.5M. 8.3% cap.
7. Shopping Center in Clermont, FL: 30.214 SF 5-yrs old upscale shopping center in Orlando metro.  Shadow anchored by Lowes.  Tenants include  AT&T, Firehouse Subs, The Vitamin Shoppe, Mattress One, Robata Japanese Steakhouse, CFE Credit Union, Key Heath Pharmacy (a compounding pharmacy), and Massage Envy.  NOI $665K/yr. $8.3M. 8.03% cap.
8. Office Building in Salinas, CA: 10,000 SF 3-story office building just 4 blocks from courthouse, and Steinbeck museum.  85% occupied.  NOI $67K/yr. $895K. 7.5% cap.
9. Retail Plaza in Evansville, IN: 24,589 SF retail plaza.  Shadow anchored by Walmart and Home Depot. 100% NNN leased to 8 tenants including Buffalo Wild Wings, Fantastic Sams, Cold Stone Creamery.  NOI $329K/yr. $4.25M. 7.75% cap.

© Transmercial 2013

06-18: Tutor Time, Retail Centers, Office Buildings, MOB's, Apartments

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings various sources & websites.   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 for selection criteria.  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. Office Building in Winter Garden, FL: 92,573 SF Class-B consisting of eight office buildings completed in 2005-2007 on 7 ac lot in high income (AHI $94K/yr in 3 mile radius) Orlando suburbs. 86% NNN leased. NOI $777K/yr. $8.85M. 8.78% cap.
2. Shopping Center in Goleta, CA: 34,329 SF shopping center built in 2002 on 2.69 ac lot in Southern California coastal city just West of Santa Barbara. Visible from Hwy-101. Next to Hwy 101 on/off ramps. 96% NNN leased to nine tenants. NOI $851K/yr. $11.9M. 7.16% cap.
3. Office Building in Northfield, NJ: 14,000 SF Class-B professional office building on 1.35 ac lot in high (AHI $87K/yr) income Atlantic City metro. 90% NNN leased to a Dental Office, Doctors Office and a variety of Law Offices. NOI $156K/yr. $1.6M. 9.80% cap.
4. Tutor Time in Sterling Heights, MI: 10,710 SF child care facility built in 1998 on 1+ ac lot in densely populated Detroit suburbs. 100% absolute NNN lease with 9 yrs left. NOI $187K/yr with annual rent increases. $ 2.05M. 9.16% cap.
5. Apartments in Austell, GA: 120-unit well maintained multifamily complex on 11+ ac lot in growing Atlanta metro. Close to100-ac Six Flags Over Georgia and I-20. 95% occupied. NOI $241K/yr. $3.1M. 7.80% cap.
6. Office Building in Walnut, CA: 4200 SF well maintained six units office building along major corridor in high-income (AHI $96K/yr in 1 mile) Los Angeles suburbs. 90% leased. NOI $60K/yr. $995K. 6% cap.
7. MOB in Fort Lauderdale, FL: 12,193 SF medical office building at major retail artery. 80% leased to physicians. $1.69M. Cap/NOI not provided.
8. Shopping Center in Fort Collins, CO: 26,340 SF well maintained shopping center at a main retail corridor. 100% NNN leased to solid good tenant mix. NOI $220K/yr. $2.9M. 7.60% cap.
9. Retail Center in Oakland Park, FL: 9600 SF six units retail center on .77 ac lot at main retail corridor in high income area just North of Fort Lauderdale. Close to 571-bed Holy Cross Hospital. NNN leased to 5 tenants with only one vacant unit. Pro forma NOI $134K/yr. $1.89M. 7.09% pro forma cap.
10. Retail Center in Orem, UT: 13,104 SF attractive retail center at a hard corner location in Salt Lake City suburbs. 77% leased. NOI $164K/yr. $2.05M. 8% cap.

© Transmercial 2013

06-17: Hooters, Family Dollar, Shopping Centers, MOB

1. Shopping Center in Plano, TX: 126,838 SF well maintained shopping center on nearly 10 ac lot at a major retail corridor in growing Dallas suburbs. Anchored by a 18,000 SF Aldi Grocery, a global discount supermarket chain; 6525 SF Firestone Tires store; 27,956 SF Locke Supply Co, a regional tenant; 36,200 SF Family Thrift Store, a regional tenant. 99% leased to 23 tenants. NOI $953K/yr. $11.995M. 8% cap.
2. Retail Center in Fort Worth, TX: 8220 SF attractive retail center built in 2004 on .86 ac lot in densely populated area. Included vacant lot across the street. 82% leased. NOI $79K/yr. $895K. 8.88% cap.
3. Hooters in Sanford, FL: 5,000 SF Hooters Restaurant on 1.46 ac outparcel to 1,000,000 SF Seminole Towne Center and on/off ramp of I-4 in Orlando suburbs. 20 yrs NNN lease with 13 yrs left. NOI $211K/yr with 10% rent bumps every 5 yrs. $2.85M. 7.20% cap.
4. REO’ed Retail Center in Placerville, CA: 18,288 SF attractive bank-owned retail center built in 2006 at a signalized intersection across from Wal-Mart in growing city East for Sacramento. NNN leases. Pro forma NOI $252K/yr. $3M. 8.53% pro forma cap.
5. MOB in Livonia, MI: 20,200 SF medical office buildings in high income Detroit suburbs with an AHI of $83K/yr within 1 mile. 100% leased to The University of Michigan Livonia Heath Center, Bostford Hospital, LIV Imaging and Dr. William Kloote, DDS. NOI $262K/yr. $2.661M. 9.87% cap.
6. Family Dollar in Mesquite, TX: 8000 SF Class-A all brick retail building on 1.65 ac lot adjacent to CVS and 7-Eleven in fast growing Dallas suburbs. 100% NNN- lease with 9 yrs left. NOI $138K/yr. $1.737M. 7% cap.
7. Shopping Center in Cheyenne, WY: 29,329 SF well kept shopping center built in 2005 on 2.83 ac lot near I-25 on/off ramp. Excellent demographics with AHI $96K/yr in 1 mile. 100% leased to twelve tenants. NOI $469K/yr. $5.87M. 8% cap.
8. Shopping Center in Rancho Cucamonga, CA: 83,184 SF attractive shopping center on 6½ ac lot part of 611,000 SF Terra Vista Town Center in high income San Bernardino County. NNN leased to Michaels, HomeGoods and Old Navy. NOI $721K/yr. $9.882M. 7.30% cap.
9. Retail Center in Suwanee, GA: 11,200 SF attractive retail center on 1.56 ac lot next to CVS pharmacy in fast growing and affluent (AHI $131K/yr in 1 mile) Atlanta metro. Across from Kroger grocery center. 94% NNN leased. NOI $176K/yr. $2.1M. 8.42% cap.
10. Shopping Center in Keizer, OR: 76,649 SF shopping center renovated in 2004 anchored by Goodwill in growing Salem suburbs. 96% NNN leased. NOI $777K/yr. $10.03M. 7.75% cap.

© Transmercial 2013