07-25: Fresenius, Walgreens, Denny's, DaVita, Professional Plaza

1. Fresenius Medical Care in Jacksonville, FL: 6390 SF dialysis center redeveloped in 2013 on .92 ac lot close to four major medical centers. New 15 yrs NNN- corp lease. NOI $154K/yr with 1.7% annual rent increases. $2.47M. 6.25% cap.
2. Walgreen’s in Portage, IN: 13,905 SF well maintained Walgreen’s built in 1999 on 4+ ac lot at a hard corner location in a coastal town Southeast of Chicago. Along Hwy-6. Across from Walmart and Kmart. 20 yrs NNN- corp lease with 5 yrs left. NOI $282K/yr. $3.773M. 7.50% cap.
3. Denny’s in North Palm Springs, CA: 4400 SF attractive franchised Denny’s restaurant on nearly 1 ac lot near off/on ramp of I-10. Tenant has been at this location since 1991. 18 yrs recently extended lease. NOI $61K/yr with 1.5% annual rent increases. $885K. 7% cap.
4. Office Building in Glen Rock, NJ: 65,544 SF Class-B office building on 3.80 ac lot in densely populated New York suburbs. 100% leased to 18 tenants. NOI $887K/yr. $11.95M. 7.43% cap.
5. Office Building in Swansea, IL: 27,945 SF Class-A office building completed in 1992 on 2.46 ac lot in high income (AHI $86K/yr) East St. Louis suburbs. Along main thoroughfare. 100% leased to long term tenants. NOI $322K/yr. $3M. 10.76% cap.
6. DaVita Dialysis in Fort Myers, FL: 9,000 SF dialysis center built in 2008 on 1 ac lot in fast growing area. Along major thoroughfare. New 10yr NNN- corp lease. NOI $85K/yr with 3% annual rent increases. $1.43M. 6% cap.
7. Office Building in La Habra, CA: 29,935 SF Class-B foreclosed office building on a major artery in densely populated city in Orange county. At a high income area with an AHI of $98K/yr in 3-miles. 47% leased. Actual NOI $271K/yr. $2.6M. 10.46% actual cap.
8. Professional Plaza in Phoenix, AZ: 35,500 SF well maintained professional plaza on 3+ ac outparcel to Desert Sky Mall and near I-10. 74% occupied with CareMore Medical, Lens Crafters, Sonora Quest Laboratories, Smile Fitness Dental Center, CAS Chiropractic and others. NOI $326K/yr. $4.495M. 7.26% cap. Upside potential.
9. Retail Center in Coral Springs, FL: 11,142 SF retail center along major retail corridor. Across from Coral Square Mall. 6.85% cap. NOI/Price not disclosed.

© Transmercial 2013

07-24: Mixed-use Property, MOB, Shopping Centers, Retail Centers. Office Building

1. Shopping Center in Jacksonville, FL: 32,837 SF mature shopping center on 3 ac lot at a hard corner location. Anchored by Family Dollar. 95% leased. NOI $299K/yr. $3M. 10% cap.
2. Medical Office Building in Edmond, OK: 19,334 SF Class-A medical office building completed in 2002 on 2.61 ac lot in high income (AHI $101K/yr) Oklahoma City metro. Anchored by 12,462 SF Breast Imaging Center. 100% leased to 3 tenants. NOI $204K/yr. $3.1M. 6.59% Cap.
3. Mix-used Neighborhood Center in Spring, TX: 94,628 SF attractive office/retail center on 4.52 ac lot at a hard corner location in affluent Houston suburbs with an AHI of $121K/yr in 1 mile.  $4.5+M in capital improvements in the past 2 yrs.  75% leased. Actual NOI $1.152M/yr. $15.9M. 7.25% cap. Upside potential when fully leased.
4. Shopping Center in Dublin, OH: 22,140 SF attractive upscale shopping center built in 2008 on nearly 3 ac lot in high income (AHI $95K/yr) Columbus suburbs. Across from Mall at Tuttle Crossing, with 120 stores and near I-270. Tenants include: Mattress Firm, Noodles & Company, Don Patron Mexican Restaurant, Artemis Laser & Vein Center, Ronin Asian Bistro and Nail Spree Salon. 100% leased. NOI $659K/yr. $6.8M. 9.70% cap.
5. Retail Center in Arlington, TX: 13,940 SF well maintained retail center built in 2005 on 1.72 ac lot in fast growing (126.45% growth) and upper middle class Fort Worth/Dallas suburbs. Across from Tarrant County College. 74% NNN leased to Subway, Campus Donuts, Air Dental, Alsafa Food Mart, Ana Moreno Salon, Too Foxi Nails and the Islamic Society Mosque. NOI $150K/yr. $1.884M. 8% cap. Upside potential.
6. Retail Center in Rex, GA: 14,000 SF 9-unit retail center built in 2008 on 3.49 ac lot in growing Atlanta suburbs. All units face Hwy-42. 71% leased. Actual NOI $105K/yr. $1.295M. 8.18% cap.
7. MOB in Houston, TX: 4,400 SF Class-A medical office building renovated in 2006 in densely populated area with over 400,000 residents within 5 miles. 100% leased to MRI/CT Imaging Center pending construction, Midtown Pharmacy, St. Theresa Wound Clinic, and Injury Rehab Center. NOI $92K/yr. $1.25M. 7.40% cap.

© Transmercial 2013

07-23: Jonny Carino's, Meineke Auto Center, Medical Condo, Retail Centers

1. Retail Center in Arlington, TX: 16,490 SF attractive retail center built in 2003 on 1.76 ac lot in fast growing and high income (AHI $90K/yr in 1 mile) Dallas/Fort Worth suburbs. Tenants include: Dentist, Tan Spa, Taekwondo, Edward Jones & Co. Kumon, Little Caesar’s Pizza, Nail Salon, Great Skin and J. Michael Lloyd, DDS, MDS, PC.  94% NNN leased with only one small vacancy. NOI $225K/yr. $2.6M. 8.67% cap.
2. Office Building in Houston, TX: 70,474 SF well maintained office building on 4+ ac lot along major retail corridor. Close to 251-bed Methodist Willowbrook Hospital, Willowbrook Mall and Pkwy-249. 100% leased to multiple tenants. NOI $742K/yr. $7.5M. 9.90% cap.
3. Shopping Center in Vero Beach, FL: 57,915 SF maintained shopping center at a hard corner location anchored by high performing Winn Dixie grocery. 98% NNN leased to national/local tenants. NOI $512K/yr. $6.73M. 7.62% cap.
4. Retail Center in Chicago, IL: 11,185 SF retail center built in 2001 on .91 ac lot at a highly visible location. Near Metro station. 100% leased to Chase Bank, Subway, Currency Exchange, Yale Insurance and 87^th St. Discount. $2.15M. NOI/Cap not provided.
5. Shopping Center in Lansing, MI: 27,852 SF eye-catching shopping center completed in 2008 on nearly 4 ac lot with tremendous visibility. With easy access to I-69 and Hwy-127. 98% leased to AAA Insurance, Dunkin' Donuts, Xiao China Grille & Lounge, Regency Beauty Institute, Batterie's Plus and Jude's Barbershop. NOI $441K/yr. $5.967M. 7.40% cap.
6. Jonny Carino’s in Lake Charles, LA: 6,532 SF Italian Restaurant built in 2003 on 1.57 ac lot at major retail corridor. Next to Lowe’s, across from Walmart Supercenter and close to I-210. 17 yrs absolute NNN corp lease with 7+ yrs left. NOI $173K/yr with 1% annual rent bumps. $2.105M. 8.25% cap.
7. Meineke Auto Center in Peabody, MA: 7069 SF auto center at busy corridor in high income Boston suburbs. Close to I-95. Tenant has been at this location for roughly 25 yrs.100% NNN leased with 2 yrs left. NOI $115K/yr. $1.491M. 7.75% cap.
8. Retail Center in Miami, FL: 17,156 SF mature shopping center on over 1 ac corner lot adjacent to Power Center anchored by Kmart and Marshall’s. 100% leased. NOI $263K/yr. $3.2M. 8.22% cap.
9. Strip Center in Tinley Park, IL: 4800 SF attractive strip center outparcel to Menard’s home improvement store in high income Chicago metro. Along major retail artery. 100% leased to two tenants. NOI $85K/yr. $1.064M. 8% cap.
10. Medical Office Condo in Roseville, CA: 4057 SF Class-A medical office condo building in fast growing (484.37% pop growth since 2000) and affluent (AHI $116K/yr in 1 mile) Sacramento suburbs. Close to Kaiser Permanente and I-80. 100% leased to Sutter Medical Foundation with 4+ yrs left. NOI $61K/yr with CPI annual rent increases. $799K. 7.75% cap.

© Transmercial 2013

07-22: LA Fitness, Apartments, MOB, Office Buildings, Retail Centers

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 on CBRE, M&M, SVN, and various other sources.   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. MOB in Phoenix, AZ: 8750 SF well-maintained medical office building on 1 ac lot in densely populated area. 100% leased to two stable medical tenants. NOI $98K/yr. $999K. 9.90% cap.
2. Office Building in Bend, OR: 12,364 SF Class-B office building on 1.60 ac lot in fast growing (92.98% growth) and affluent area with an AHI of $105K/yr within 1 mile. 90% NNN leased to Harrigan, Price, Fronk & Co CPA's, Exam Works, Inc, N. Pacific Financial, & Leah Schock PhD.. NOI $177K/yr. $1.95M. 9.10% cap.
3. LA Fitness in Hemet, CA: 50,000 SF fitness center built in 2008 on 5.61 ac lot across from Home Depot at densely populated Southern California. 100% NNN- corp lease. NOI $819K/yr with rent increases every 5 yrs. $11.25M. 7.28% cap.
4. Day Care Facility in Walnut Creek, CA: 7780 SF attractive day care center on .80 ac lot in affluent Northern CA city with an AHI of $138K/yr in 1 mile. Previous KinderCare preschool with outdoor play areas. Excellent for owner-user. $3.5M.
5. Retail Center in Atlanta, GA: 14,647 SF attractive retail center built in 2009 on 1.93 ac outparcel to Publix grocery center. Along major retail corridor and I-285. 100% leased to Five Guys, Comcast, This Is It! BBQ & Seafood, Armed Forces Career Center and Nail Salon. NOI $355K/yr. $4.184M. 8.50% cap.
6. Apartments in Hayward, CA: 8-unit 2-bedroom 1/bath apartment building in San Fran Bay Area. Close to Southland Mall and I-880. 100% occupied. NOI $73K/yr. $1.22M. 6.03% cap.
7. MOB in Fresno, CA: 5050 SF well kept medical office building part of a medical/office complex close to St Agnes Hospital. 100% NNN leased to multiple tenants. NOI $92K/yr. $1.44M. 6.25% cap.
8. Shopping Center in Cedar Hill, TX: 26,075 SF attractive shopping center built in 2006 on 3+ ac lot in high income Fort Worth/Dallas suburbs. Across from Uptown Village at Cedar Hill, an open-air regional shopping mall. Near Fwy-67. 100% leased. NOI $489K/yr. 6.50% cap. Price not disclosed.
9. Retail Center in Tampa, FL: 9750 SF retail center in Chinatown. All units face main road. 100% leased to Yummy House, Nail Supply and Ginja Bay Café. NOI $130K/yr. $1.89M. 6.90% cap.
10. Apartments in Louisville, KY: 30-unit Class-A multifamily complex completed in 2011 on 1.50 ac lot close to shopping centers, parks and major roads. 100% occupied. NOI $207K/yr. $2.599M. 8% cap.  

© Transmercial 2013