03-03: CVS, OfficeMax, Hardee's, Professional Park, Strip Center

1. Professional Park in Friendswood, TX: 19,247 SF Class-A consisting of two office buildings on nearly 2 ac lot in high income Houston suburbs. 93% leased. NOI $215K/yr. $2.9M. 7.42% cap.
2. Shopping Center in San Antonio, TX: 50,114 SF 15-unit attractive shopping center built in 2006 on 4+ ac lot at major artery. Close to North Central Baptist Hospital. 84% leased to established 12 national regional/local tenants with 3 avail units. NOI $682K/yr. $8.9M. 7.67% cap.
3. OfficeMax in East Peoria, IL: 23,500 SF retail building on 1.86 ac lot. Across from Lowe’ s and near Walmart Supercenter in Chicago metro. Recently extended 5-yrs left with 4-yrs left. NOI $258K/yr. $3.041M. 8.50% cap.
4. Shopping Center in San Antonio, TX: 29,363 SF well maintained shopping center built in 2006 on 2.74 ac lot in growing middle-class area. 100% leased. NOI $5.25M. 7.80% cap.
5. CVS in Decatur, GA: 10,161 SF drive-thru drug store built in 1999 on 1.54 ac lot at a hard corner location in Atlanta suburbs. New roof was installed in 2009. Close to I-285. 20-yrs NNN- corp lease with 6-yrs left. NOI $231K/yr. $3M. 7.72% cap.
6. Hardee’s in Chicago Heights, IL: 2600 SF fast food restaurant on over 1 ac lot in Chicago suburbs. New 20-yrs NNN lease to strong franchisee with 150 units. NOI $120K/yr. $1.5M. 8% cap.
7. Strip Center in Perris, CA: 10,500 SF well kept strip center in Riverside County. 100% NNN leased to established tenants. NOI $187K/yr. $2.5M. 7.50% cap.
8. Strip Center in Mokena, IL: 7250 SF attractive strip center in Chicago suburbs. 100% NN leased to Subway, Dentist, Chiropractor, Tobacco Store and Liquor Store. NOI $157K/yr. $1.749M. 9% cap.
9. Office Building in Tampa, FL: 10,995 SF Class-B built-to-suit office building constructed in 2005 on 1.26 ac lot.  12-yrs NNN lease with 8-yrs left. NOI $178K/yr with 2% annual rent increases. $2.38M. 7.50% cap.

           

(c) Transmercial 2014

02-28: CVS Pharmacy, Fresenius, The Taco Maker, Office Building

Client's testimonial:   " Thank you David. This [purchase] experience has been efficient and stress free." S. & M. Villasenor.

1. CVS Pharmacy in Carefree, AZ: 13,813 SF attractive drug store built in 2003 on 2.79 ac lot at a hard corner location in growing and high income area. 20-yrs NNN lease with 9-yrs left. NOI $431K/yr. $6.157M. 7% cap. Buyer to assume $4.312M loan at 5.52% interest rate.
2. Shopping Center in Olympia, WA: 35,776 SF well maintained shopping center built in 1995 on 5 ac lot in Tacoma suburbs. Across from Westfield Capital Mall, with Macy’s, JCPenney, Bed Bath and Beyond & Best Buy. 100% NNN leased. NOI $268K/yr. $3.7M. 7.25% cap.
3. Fresenius in Columbus, OH: 8700 SF well kept dialysis center on .67 ac lot close to I-670. 100% NN corp lease with 7-yrs left. NOI $91K/yr. $1.5M. 6.13% cap.
4. Office Building in Grapevine, TX: 15,275 SF Class-A office building on 1.57 ac lot in growing and high income Fort Worth/Dallas area. Close to Baylor Regional Medical Center, Gateway Plaza Mall and Hwy-114. 100% NNN leased to multiple tenants. NOI $180K/yr. $1.999M. 9.03% cap.
5. The Taco Maker in Centerville, UT: 2060 SF well performing restaurant built in 1997 in growing upper middle-class area. Adjacent to Kohl’s, Super Target and Home Depot. Visible and on an off/on ramp of I-15. 15-yrs NNN corp lease with 2-yrs left. NOI $87K/yr. $1.134M. 7.75% cap.

            (c) Transmercial 2014

02-27: IRS, DaVita, Apartments, Carl's Jr., Taco Bell, Retail Center

1. IRS Office Building in Greenwood, IN: 9,715 SF attractive office building constructed in 2000 on 2 ac lot in Indianapolis metro. Next to Sam’s Club and near I-65. 10-yrs lease with 9-yrs left. NOI $151K/yr. $1.89M. 8% cap.
2. Shopping Center in Westborough, MA: 29,011 SF shopping center in affluent Boston metro with an AHI of $121K/yr in 3 miles. Next to 12-screen Regal Cinema. NNN leased to Outback Steakhouse, Spa Tech Institute and soon to open Women’s health club.  NOI $440K/yr. $5M. 8.80% cap.
3. DaVita in Mission, TX: 6370 SF Class-A dialysis center built in 2009 next to Mission Regional Medical Center in McAllen suburbs. 10-yrs NNN- lease with 6-yrs left. NOI $101K/yr with a 10% rent bump in Sept 2014. $1.3M. 7.84% cap.
4. Taco Bell in Oklahoma City, OK: 2304 SF drive-thru fast food restaurant completed in 1996 on .69 ac lot in middle-class area. Close to Oklahoma City University and I-235. Brand new 15-yrs absolute NNN lease. NOI $120K/yr with 1% annual rent increases. $1.929M. 6.25% cap.
5. Apartments in Sacramento, CA: 19-units recently updated apartment complex on 1 ac lot. Close to schools, parks and shopping centers. NOI $78K/yr. $1.12M. 7% cap.
6. MOB in Flower Mound, TX: 10,258 SF Class-A medical office building constructed in 2007 in growing and high income (AHI $111K/yr in 1 mile) Fort Worth/Dallas suburbs. Across from 898-bed Texas Health Presbyterian Hospital. 100% NNN leased to multiple tenants. $2.39M. 7.05% cap.
7. Carl’s Jr in Phoenix, AZ: 4361 SF drive-thru fast food restaurant in densely populated area. 100% absolute NNN lease with 11-yrs left to strong franchisee with 150-units. NOI $158K/yr with 5% rent increases every 5-yrs. $2.346M. 6.75% cap.
8. Retail Building in Woodbury, MN: 4800 SF inline retail building constructed in 2008 between Staples and Hobby Lobby in high income Minneapolis suburbs. Shadow-anchored by Sam’s Club. Near I-94. 100% leased to 2 tenants. NOI $80K/yr. $1.1M. 7.32% cap.

            (c) Transmercial 2014

02-26: DaVita, Medical Office Park, Hooters, Bridgestone Firestone, Retail Center

1. Davita Dialysis Center in Fairview Park, OH: 3787 SF dialysis center in excellent condition on 1/3 ac lot just 1/4 mile from 517-bed Fairview Hospital in middle-class Cleveland metro.  10 yrs NNN- till 2019 to Davita.  NOI $60K/yr with generous 3% annual rent bumps.  $749K.  8% cap.
2. Bridgestone Firestone in Broker Arrow, OK: 6888 SF auto repair center on .80 ac lot in Tulsa suburbs. currently being remodeled.  Close to Hwy-51. 20-yrs absolute NNN corp lease with 8+ yrs left. NOI $157K/yr. $2.247M. 7% cap.
3. Shopping Center in Liberty Township, OH: 24,007 SF attractive shopping center built in 2005 on 5.44 ac lot in affluent (AHI $102K/yr) Cincinnati suburbs. All units face main corridor. 100% NNN leased. NOI $321K/yr. $3.573M. 9.01% cap
4. Hooters in Topeka, KS: 6000 SF Hooters Restaurant built in 2005 on 1.85 ac lot at a major retail artery. Off an off/on ramp of I-70. 15-yrs absolute NNN corp lease. Tenant has been at this location since 2004. NOI $200K/yr with 10% rent increases every 5-yrs. $2.857M. 7% cap.
5. Office Building in Rockwall, TX: 8400 SF Class-A office building completed in 2008 on .86 ac lot in growing (67.71% pop growth since 2000) and high income Dallas metro with an AHI of $99K/yr in 3 miles. Adjacent to Texas Health Presbyterian Hospital-Rockwall. 100% leased to dentist, dermatologist, CPA firm and a title company. NOI $184K/yr. $2.275M. 8.10% cap.
6. Shopping Center in Lincoln, NE: 55,321 SF well maintained shopping center on 4.75 ac lot close to Westfield Gateway Mall. 100% leased to Westlake Ace Hardware, Goodwill, Fazoli’s, Outback Steakhouse, Dietze Music House, Papa John’s Pizza, Salon Centric and Smokehouse Deli. NOI $433K/yr. $5.36M. 8.09% cap.
7. Retail Center in Sacramento, CA: 14,147 SF 5-units well maintain retail center on nearly 1 ac corner lot.  Tenants include: Subway, Thrift Store, Visual Impact and Golden Hand Hair and Nails.  81% NNN leased with 1 vacant unit.  NOI $72K/yr.  $1.2M. 5% cap.  Just $85/SF!
8. Shopping Center in Bessemer, AL: 38,900 SF attractive shopping center built in 1999 on 8+ ac lot shadow-anchored by Walmart Supercenter in Birmingham suburbs. Close to I-20. 100% NNN leased. NOI $184K/yr. $2.265M. 8.15% cap.
9. Medical Office Park in Miami, FL: 60,275 SF Class-A medical office park consisting of four buildings completed in 2001. 84% leased. NOI $762K/yr. $12.1M. 7.24% cap.

            (c) Transmercial 2014

02-25: Chevron Gas Station, Maineke/Econo Lube, DaVita, FedEx Kinko's

1. Chevron Gas Station in Sunnyvale, CA: 1700 SF renovated Chevron gas station with convenience store and car wash on .42 ac lot at a signalized intersection in an affluent city in Silicon Valley.  Along major retail artery and close to Hwy-101. Station with $5.4M in annual gas sales revenue. Sale of business & real estate. NOI $353K/yr. $3.925M. 9% cap.
2. Retail Center in Apex, NC: 7331 SF attractive retail center built in 2008 on 1.30 ac lot in fast growing and high income Raleigh suburbs. Across from Wakemed Apex Healthplex. 100% NNN leased to Verizon Wireless and Yong-In Martial Arts. NOI $201K/yr. $2.621M. 7.69% cap.
3. Retail Center in Edinburg, TX: 61,756 SF attractive retail building on over 6 ac lot in fast growing McAllen suburbs. 100% NNN leased to Family Dollar and Teleperformance. NOI $514K/yr. $5.571M. 9.24% cap.
4. Meineke/Econo Lube in Surprise, AZ: 2552 SF auto center constructed in 2006 on 1 ac lot in growing Phoenix suburbs. Along main retail artery and adjacent  to Walgreens. 15-yrs absolute NNN lease with 7-yrs left. NOI $92K/yr with annual rent increases. $1.371M. 6.75% cap.
5. Retail Center in Holland, MI: 16,697 SF well maintained retail center on 1.73 ac lot in Grand Rapids suburbs. 100% NNN leased to Arby’s (ground lease), Dollar Tree, Big Apple Bagels and Upper Cut Salon. NOI $155K/yr. $1.804M. 8.62% cap.
6. Strip Center in Palm Springs, FL: 6968 SF well kept strip center on .70 ac lot at a busy thoroughfare North of Fort Lauderdale. 100% leased to 6 tenants. NOI $65K/yr. $879K. 7.50% cap.
7. Mixed-use in Carson, CA: 5060 SF office/retail center built in 1990 at a signalized corner location in densely populated Los Angeles County. Close to LA County Harbor-UCLA Medical Center and I-110. 100% leased. NOI $75K/yr. $1.12M. 6.74% cap.
8. Shopping Center in Mesa, AZ: 34,405 SF well maintained shopping center on 3+ ac lot at a hard corner location. 97% leased. NOI $254K/yr. $3.65M. 7% cap.
9. DaVita in Hanford, CA: 9468 SF attractive dialysis center in growing Kings County. Near Adventist Medical Center and Hwy-198. Tenant has been at this location since 1999. 100% leased with 5 yrs left. NOI $91K/yr. $1.3M. 7% cap.
10. FedEx Kinko’s in Syracuse, NY: 6000 SF single-tenant retail building constructed in 1999 on an off/on ramp of I-690. 100% NNN lease with 6 yrs left. NOI $102K/yr. $1.37M. 7.5% cap.

            (c) Transmercial 2014