12-09: Strip Mall, Anchored Center, Starbucks

1. Strip mall in Phoenix, AZ: 4314 SF 3-unit strip center built in 2008 on a major artery with easy access to Freeway. 62% NNN leased to Dunkin Donuts & Progressive Insurance.  Seller to provide 2 yrs rent guaranty for the vacant unit.  NOI $95K/yr. $1.25M. 7.64% cap.
2. Shopping Center in Grandville, MI: 60,876 SF shopping center built in 2000 on 6.48 ac lot in Grand Rapids metro. Across from Rivertown Crossing Mall.  Anchored by Planet Fitness and shadow anchored by Family Fare Supermarkets.  93% leased.  NOI $641K/yr. $7.825M. 8.2% cap.  Upside potential when full leased.
3. Retail center in Waukegan, IL: 27,687 SF retail center built in 1991 about 40 miles North of downtown Chicago.  96% leased by 11 tenants with 1 vacant unit.  NOI $274K/yr. $3.2M. 8.57% cap.
4. Anchored Shopping center in Saint George, UT: 81,000 SF shopping center built in 2005 on 6.8 ac lot next to I-15 exit in Salt Lake City metro.  Anchored by TJ Maxx & Plant Fitness.  NOI $1.1167M. $15.65M. 7.46% cap.
5. Market Place in lake Worth, FL: 78,997 SF market place on 11.94 acres lot in Fort Lauderdale/Miami metro.  90% leased.  NOI $763K/yr. $9.5M. 8.04% cap.
6. Starbucks Strip Mall in Saint Petersburg, FL: 6377 SF strip center on 2/3 ac lot on a main artery.  100% leased to 4 tenants including Starbucks.  NOI $150K/yr. $2.147M. 7% cap.

            (c) Transmercial 2014

12-08: Family Dollar, MOB, Fast Auto Loans, Retail Centers

1. Family Dollar in Wichita, KS: 8320 SF newly constructed retail building on .73 ac corner lot in a growing area. New 10-yrs NNN- corp lease. NOI $101K/yr. $1.405M. 7.25% cap.  
2. MOB in Arvada, CO: 8796 SF well maintained multitenant medical office building on.57 ac corner lot in growing middle-class Denver suburbs. 100% leased to established tenants. NOI $74K/yr. $993K. 7.5% cap.
3. Retail Center in Rochester, MN: 6684 SF attractive retail center with excellent freeway visibility. On off/on ramp of Hwy-52/63. 100% NNN leased. NOI $113K/yr. $1.497M. 7.57% cap.
4. Retail Building in Orland Park, IL: 14,923 SF retail building constructed in 1998 on 1.53 ac lot at a signalized intersection in high income Chicago suburbs. Adjacent to major centers with Walmart Supercenter, Aldi Grocery, Sport Authority, Jewel-Osco Grocery, Baby “R” Us, Lowe’s, Best Buy and Costco. 100% NNN leased to Physicians Immediate Care, and Heavenly Massage. NOI $392K/yr. $4.775M. 8.23% cap.
5. Professional Building in Fort Lauderdale, FL: 36,600 SF Class-B office building adjacent to 557-bed Holy Cross Hospital. 70% leased. NOI $336K/yr. $3.3M. 10.20% cap.
6. Fast Auto Loans in Chico, CA: 1600 retail building on .43 ac lot close to North Valley Plaza Mall and Hwy-99. 5-yrs NNN corp lease. NOI $65K/yr with 3% annual rent increases. $928K. 7% cap.
7. Church’s Chicken in Panama City, FL: 1354 SF drive-thru fast food restaurant at a hard corner location. 20-yrs NNN lease with over 19-yrs left. NOI $65K/yr with rent increases. $928K. 7% cap.
8. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 5.57 ac lot in growing and high income Indianapolis metro with an AHI of $84K/yr in 1 mile. Shadow anchored by Kroger and across Meijer and Menards. 7.53% cap. NOI N/A.
9. Retail Center in Boynton Beach, FL: 10,000 SF 5-units attractive retail center along main artery in upper middle-class Lake Worth suburbs. Across from Publix center. 100% NNN leased. NOI $244K/yr. $3.495M. 7% cap.

            (c) Transmercial 2014

12-05: Texas Car Title & Payday Loan, Just Brakes, Applebee's, Mixed-Use, MOB

1. MOB in Barkley, MI: 31,225 SF attractive medical office building on 2 ac lot at a hard corner location in high income (AHI $93K/yr in 1 mile) Detroit suburbs. Close to Beaumont Health System. 90% leased to established medical tenants. NOI $593K/yr. $6.75M. 8.80% cap.
2. Texas Car Title & Payday Loan in Irving, TX: 2375 SF attractive single-tenant retail building constructed in 1995 on .76 ac lot along major retail artery in growing Dallas/Fort Worth suburbs.  Tenant has been at this location since 2007. 100% recently renewed lease with 4-yrs left. NOI $66K/yr. $830K. 8% cap.
3. Retail Center in Lawrenceville, GA: 22,658 SF eye-catching retail center built in 2006 on 1.79 ac lot in fast growing (159% pop growth since 2000) and high income Atlanta metro with an AHI of $81K/yr in a 3-mile ring. 100% leased. NOI $244K/yr. $3.1M. 7.90% cap.
4. Shopping Center in Tempe, AZ: 31,723 SF recently renovated shopping center on over 3 ac lot at a signalized corner location in prosperous (AHI $128K/yr) Phoenix suburbs. Close to Hwy-101. Pro forma NOI $504K/yr. $6.8M. 7.40% pro forma cap.
5. Office Building in Las Vegas, NV: 23,056 SF Class-B multitenant office building completed in 2004 part of Origin Business Park. Close to Mountain View Hospital and Hwy-95. 86% leased to multiple tenants. NOI $208K/yr. $2.768M. 7.53% cap.
6. Just Brakes in Tempe, AZ: 4085 SF auto repair center on .58 ac lot at a highly visible location. Adjacent to Scott & White Memorial Hospital and Tempe Mall. 100% NNN corp lease with 5-yrs left. NOI $66K/yr. $825K. 8% cap.
7. Applebee’s in Vancouver, WA: 5580 SF newly remodeled Applebee’s restaurant on 1.59 ac lot at a main retail corridor in growing middle-class Portland suburbs. With easy access to I-205. 100% NNN lease with 10-yrs left. NOI $154K/yr. $2.818M. 5.5% cap.
8. Strip Center in Arvada, CO: 9066 SF well kept strip center on over 1 ac corner lot in Denver suburbs. 100% leased with stable and good tenant mix. NOI $127K/yr. $1.9M. 6.70% cap.
9. Mixed-Use Center in Garden Grove, CA: 6120 SF office/ retail center at a signalized location in densely populated Los Angeles area.  Across from Garden Grover Promenade Power Center. 95% leased. Actual NOI $73K/yr. $1M. 7.30% actual cap.

            (c) Transmercial 2014

12-04: Payless Shoes Source, Jo-Ann Fabric & Crafts, Sherwin Williams, Shopping Centers

1. Neighborhood Center in Oakland Park, FL: 90,275 SF well kept shopping center along major artery in Fort Lauderdale suburbs. Close to I-95. 98% leased. Actual NOI $901K/yr. $10.8M. 8.35% cap. Upside potential.
2. Payless Shoes Source in San Jose, CA: 3209 SF well maintained retail building on .34 ac lot along busy thoroughfare. Close to La Tropicana Foods anchored center and near Target, and Mi Pueblo Food Centers. With easy access to I-680 and Hwy-101. 100% leased to a credit tenant. $1.8M.  NOI N/A.
3. MOB in Freedom, CA: 8052 SF Class-B multitenant medical office building in Santa Cruz County. Near Watsonville Community Hospital and Hwy-1. 100% NNN leased. NOI $139K/yr. $1.995M. 7% cap.
4. Jo-Ann Fabric and Crafts in El Paso, TX: 27.515 SF relocated store on 2.66 ac lot part of Yarbrough Plaza, anchored by Ross Dress for Less, Pro’s Ranch Market, Sally Beauty Supply and Pep Boys. Across from Walmart Supercenter, Burlington Coat Factory and adjacent to I-10. 100% NNN lease. NOI $357K/yr with 10% rent bumps every 5-yrs. $5.38M. 6.65% cap.
5. Strip Center in Mesquite, TX: 6500 SF attractive strip center built in 1996 on .56 ac lot in fast growing Dallas suburbs. Close to Hwy-80. 100% NNN leased to Sprint and Cosmo Nail & Spa. NOI $107K/yr. $1.54M. 7% cap.
6. Office Building in Santa Clara, CA: 15,570 SF Class-B consisting of two office buildings on 3.42 ac lot at a signalized intersection in high income Silicon Valley. 93% leased. NOI $224K/yr. $4.499M. 5% cap.
7. Sherwin Williams in Charlotte, NC: 5010 SF well maintained retail building constructed in 1998 on over ½ ac lot in a fast growing area. Close to Carolinas Medical Center. 100% NNN corp lease with over 4-yrs left. NOI $68K/yr. $1.044M. 6.55% cap.
8. Shopping Center in Sioux Falls, SD: 21,375 SF well maintained shopping center on 2.46 ac corner lot in a growing middle class area. Three different points of access. Near I-229. NNN leased with good tenant mix. Actual NOI $203K/yr. $2.1M. 9.70% actual cap. Upside potential.
9. Shopping Center in Tequesta, FL: 26,817 SF shopping center on over 4 ac lot along US Hwy-101 in a high income coastal City. 98% leased with only one vacancy. Actual NOI $466K/yr. $7.7M. 6.06% cap. Upside potential when fully leased!

            (c) Transmercial 2014

12-03: Midtown Imaging, Joe Crab Shack, Sears Grand, Office Building

1. Shopping Center in Ocoee, FL: 126,163 SF well maintained shopping center on nearly 15 ac lot anchored by Old Time Pottery, an expanding discount home décor with 30 locations in Orlando suburbs. Close to Health Central Hospital. 100% NNN leased. NOI $920K/yr. $11.5M. 8% cap.
2. Retail Center in Orlando, FL: 12,200 SF retail center on 1.43 ac lot. Across from Family Dollar Center and Mid Florida Tech, a public adult vocation school. 100% NNN leased. NOI $172K/yr. $1.8M. 9.60% cap.
3. Midtown Imaging in Lake Worth, FL: 14,585 SF Class-B medical office building on 2 ac lot along main artery. Close to JFK Medical Center. With easy access to I-95. 100% NNN lease with 4-yrs left to Good Samaritan Medical Center. NOI $276K/yr. $4.3M. 6.44% cap.
4. Joe's Crab Shack in Morrow, GA: 7500 SF seafood family restaurant built in 1997 on 1½ ac outparcel to AMC Movie Theater and along main retail artery. Close to Southlake Mall and I-75. 100% absolute NNN ground lease (land is for sale) with 3-yrs left to a strong operator with 136 units. NOI $123K/yr with 10% rent bumps in option periods. $1.76M. 7% cap.
5. Sears Grand in Las Vegas, NV: 162,000 SF big box retail building completed in 2004 on over 12 acres of land part of Grand Canyon Parkway , with Target, Kohl’s and JC Penney. 100% absolute NNN ground lease (land is for sale) with over 10-yrs left. NOI $600K/yr. $8.1M. 7.40% cap.
6. Strip Center in Palos Height, IL: 5548 SF newly renovated strip center on .68 ac outparcel to Jewel-Osco grocery in affluent (AHI $103K/yr) Chicago suburbs. 100% NNN leased to Lou Malnati’s Pizzeria, Jersey Mike’s Subs, Great Clips and Forever Yogurt. NOI $126K/yr. $1.8M. 7.02% cap.
7. Office Building in Troy, MI: 19,809 SF Class-B multitenant office building in growing and upper middle class Detroit suburbs. Off ramp I-75. 94% leased. NOI $127K/yr. $1.29M. 9.92% cap. 

            (c) Transmercial 2014

12-02: Office Buildings, Sherwin Williams, Apartments, Shopping Centers

1. Office Building in Walnut Creek, CA: 15,908 SF Class-B office building on .31 ac lot in high income Contra Costa County with an AHI of $94K/yr. Across from John Muir Urgent and Outpatient Center.  With easy access to I-680. 75% leased to multiple tenants. NOI $228K/yr. $3.695M. 6.20% cap.
2. Sherwin Williams in Lansing, MI: 4000 SF well maintained retail building on .48 ac corner lot along main artery. Close to Lansing Mall. Tenant has been at this location since 1987. NOI $55K/yr. $769K. 7.25% cap.
3. Strip Center in Woodland, CA: 8610 SF strip center renovated in 2002 on .70 ac lot in growing middle class city West of Sacramento. Shadow anchored by CVS and Marshalls.  Across from Walgreens.   89% NNN lease with only one vacancy. $90K/yr. $1.25M. 7.25% cap.
4. Shopping Center in Memphis, TN: 73,754 SF well maintained shopping center on over 8 ac lot. Close to Hwy-385. 98% NNN leased to national, regional and local tenants. NOI $966K/yr. $13.811M. 7% cap.
5. Office Building in Madison, TN: 39,483 SF Class-A office building completed in 2008 with excellent visibility. Tenants are on long term NNN leases. NOI $496K/yr. $6.2M. 8% cap.
6. Apartments in San Bernardino, CA: 15-units gated multifamily complex close to schools, hospital, parks and shopping centers.  NOI $53K/yr. $900K. 5.94% cap.

            (c) Transmercial 2014

12-01: hhgregg, Taco Bell, Applebee's, Apartments, MOB, Power Centers

1. Hhgregg in Chesapeake, VA: 25,150 SF single-tenant retail building constructed in 2010 on over 2 ac lot in growing Norfolk suburbs. Adjacent to Kohl’s, Walmart Supercenter and Sam’s Club. Near Greenbrier Mall. On on/off ramp of I-64. 15-yrs NNN- lease with 11-yrs left to Gregg Appliances Inc. (a regional, publicly traded company, NYSE: HGG) with 228 stores. NOI $401K/yr with rent bumps every 5-yrs. $5.517M. 7.27% cap.
2. Power Center in Lewisville, TX: 118,580 SF well maintained neighborhood center anchored by Big Lots in fast growing & upper middle class (AHI $85K/yr in a 3 mile ring) Dallas/Fort Worth metro. Close to I-35E. 94% NNN leased. NOI $762K/yr. $9.36M. 8% cap.
3. Shopping Center in Cary, IL: 48,708 SF attractive shopping center on 3.56 ac lot in growing and high income Chicago suburbs with an AHI of $103K/yr in 3 miles. 92% leased with good tenant mix including Dollar General and O’Reilly Auto Parts.  NOI $296K/yr. $3.7M. 8% cap.
4. Taco Bell in Calumet City, IL: 3029 SF drive-thru fast food restaurant on nearly 1 ac outparcel to River Oaks Plaza with Sam’s Club, Marshalls, Ross Dress for Less, Fallas, Shoe Carnival, Big Lots and more in Chicago suburbs. Across from 1,300,000 SF River Oaks Mall. 20-yrs absolute NNN corp ground lease (land is for sale) with 10-yrs left. NOI $66K/yr with 10% rent bumps every 5-yrs. $1.11M. 6% cap.
5. MOB in Acworth, GA: 9120 SF Class-B multi-tenant medical office building completed in 2007 growing & upper middle-class (AHI $87K/yr) Atlanta suburbs. 75% leased to Governor’s Family Medical Group and Dermatologist. Actual NOI $90K/yr. $1.15M. 7.84% cap. Upside potential.
6. Retail Center in Katy, TX: 10,164 SF retail center built in 2007 in fast growing and affluent (AHI $166K/yr) Houston metro. Across from Super Target and near Hwy-99. 100% leased. NOI $212K/yr. $3.12M. 6.80% cap.
7. Applebee’s in East Peoria, IL: 5829 SF franchised Applebee’s Restaurant constructed in 2004. Shadow anchored by Walmart Supercenter and Lowes. With easy access to I-74. 100% NNN lease with over 9-yrs left. NOI $198K/yr with 5% rent increases every 5-yrs. $2.75M. 7.22% cap.
8. Apartments in Santa Clara, CA: 8-units well maintained apartment complex on .25 ac lot in high income Silicon Valley with an AHI of $92K/yr in 3 miles. Close to Santa Clara University, Valley Fair and Santana Row.  100% occupied. NOI $105K/yr. $2.1M. 5% cap.
9. MOB in Arlington, TX: 29,800 SF medical office building remodeled in 2012 on 2 ac lot in Fort Worth suburbs. Close to Medical Center of Arlington, The Parks at Arlington. And next to I-20. 100% NNN leased to multiple medical tenants. NOI $371K/yr. $5.3M. 7% cap.
10. Apartments in Los Angeles, CA: 11-units apartments building in densely populated area with over 1,100,000 residents in 5-mile radius. 5-units have been completely remodeled. Actual NOI $97K/yr. $1.55M. 6.31% cap.

            (c) Transmercial 2014

10-26: Strip center, IHOP, Office building, Neighborhood center

1.       Strip Center in Miramar, FL: 15,000 SF multi-tenant strip center on 1.24 ac corner lot in Miami metro.  100% leased to 5 tenants including Day Care, Food Store, Restaurant, and Hair Salon.  NOI & cap not avail.  $2.6M.

2.       IHOP in Orlando, FL: 2450 SF IHOP on 2/3 ac lot near I-4 exit.  100% absolute NNN lease with 3 yrs left to a franchisee with 150 locations.  Store with strong sales revenue of $1.2M/yr.  NOI $65K/yr. $963K. 6.8% cap.

3.       Neighborhood Center in Pembroke Pine, FL: 90,022 SF neighborhood center on 8.36 ac lot in Miami metro. anchored by Winn-Dixie grocery and Planet Fitness.  82% leased.  7% cap.  Price/NOI no avail.

4.       Office Building in White Plains, NY: 24,000 SF 3-story office building with elevator and staircases in high income New York metro.  100% leased.  NOI $266K/yr. $3.5M. 7.6% cap.

5.       Shopping Center in Warren, MI: 100,885 SF shopping center on 9.56 ac corner in middle class Detroit suburbs.  Anchored by Kroger supermarket and Advance Auto Parts.  98% leased.  NOI $793K/yr. $10.241M. 7.75% cap.

6.       Strip Mall in Washington Township, MI: 17,561 SF strip center in middle class Detroit suburbs.   On an outparcel to Meijer Hypermarket, a regional chain & across from Home Depot.  100% leased to  Great Clips, UPS Store, AAA Insurance, Expert Eyes and Miracle Ear, among others. NOI $217K/yr. $2.588M. 8.4% cap.

            (c) Transmercial 2014

11-25: Chase Bank, Shopping Centers, Retail Centers

1. Retail Center in Sarasota, FL: 11,000 SF retail center built in 2005 on 1.49 ac lot in upper middle class area with an AHI of $72K/yr in 1 mile. Between Walmart Supercenter and Publix anchored center. 100% NNN leased. NOI $242K/yr. $3.201M. 7.59% cap.
2. Shopping Center in Taylor, MI: 48,000 SF newly renovated shopping center shadow anchored by PetSmart in Detroit suburbs. Across from 603,000 SF Southland Mall. 100% NNN leased to Lumber Liquidators, Sky Zone and Party City. NOI $475K/yr. $5.76M. 8.25% cap.
3. Shopping Center in League City, TX: 28,150 SF consisting of two retail buildings completed in 2002 on over 3 ac lot in growing and affluent Houston suburbs with an AHI of $109K/yr in 1-mile ring. 100% NNN leased. NOI $526K/yr. $6.412M. 8.21% cap.
4. Shopping Center in South Milwaukee, WI: 80,571 SF well maintained shopping center anchored by 13,905 SF Walgreens Pharmacy, Advance Auto Parts and Associated Bank. 84% NNN leased. Actual NOI $629K/yr. $8.275M. 7.61% actual cap. Upside potential.
5. Shopping Center in Pickerington, OH: 44,834 SF newly constructed shopping center on nearly 6 ac lot anchored by Life Time Fitness in Columbus metro. Adjacent to Kohl’s and next to OhioHealth’s Medical Campus. 96% NNN leased. NOI $689K/yr. $8.62M. 8% cap.
6. Chase Bank in Woodland, CA: 6000 SF attractive Chase Bank built in 1990 on .75 ac outparcel to County Fair Mall in Sacramento metro. Tenant has been at this location over 25-yrs. 100% absolute NNN corp lease with 5-yrs left. NOI $96K/yr. $1.92M. 5% cap.
7. Retail Center in Phoenix, AZ: 15,582 SF well maintained retail center at a hard corner location anchored by Fresenius Dialysis Center. 9% cap. Price N/A.
8. Retail Center in Oland Park, IL: 15,887 SF attractive retail center built in 2003 in a growing and affluent Chicago suburbs with an AHI of $102K/yr in 1 mile. 90% leased with excellent tenant mix. NOI $187K/yr. $2M. 9.37% cap.
9. Strip Center in Eagan, MN: 7956 SF strip center built in 2002 on 1.33 ac lot in Minneapolis suburbs. Across from Regal Cinema Theater and Target. Close to I-35E. 100% NNN leased. NOI $185K/yr. $2.61M. 7.10% cap.
10. Shopping Center in Des Plaines, IL: 38,767 SF well kept shopping center completed in 2008 on 3.56 ac lot along busy artery in upper middle class Chicago suburbs. 96% leased. NOI $631K/yr. $7.5M. 8.40% cap.

            (c) Transmercial 2014

11-24: DaVita, Taco Mayo, Napa Auto Parts, Arby's, MOB, Neighborhood Centers

1. DaVita Portfolio in Various Cities: 42,064 SF consisting of eight well maintained dialysis centers: 6 in KS, 1 in OK and 1 in TX. 100% NNN leased to credit tenant. NOI $720K/yr. $10M. 7.20% cap.
2. Taco Mayo in Edmond, OK: 2150 SF newly remodeled drive-thru fast food restaurant on .71 ac outparcel to Kohl’s in growing upper middle class Oklahoma City suburbs. Across from Walmart. 100% absolute NNN lease with 7-yrs left. NOI $50K/yr with 5% rent bumps every 5-yrs. $775K. 6.50% cap.
3. Napa Auto Parts in Clinton, MD: 8,900 SF Napa Auto Parts in a high income are with an AHI of $109K/yr in Washington DC metro. Close to Hwy-5. 100% NNN- lease with 4 yrs left. NOI $69K/yr. $926K. 7.50% cap.
4. Retail Center in North Richland Hills, TX: 16,900 SF attractive retail center on 1.70 ac lot in growing & upper middle class Fort Worth suburbs. $922M. NOI N/A.
5. Neighborhood Center in Lexington, KY: 180,576 SF well maintained shopping center built in 2003 on over 18 acres of land along major retail artery. Anchored by 78,337 SF Burlington Coat Factory, 13,571 Hancock Fabrics, Tuesday Morning and GB Shoes.  Close to St. Joseph Hospital. 100% NNN leased. NOI $1,069M/yr. $14M. 7.64% cap.
6. MOB in Kingwood, TX: 28,038 SF Class-B consisting of two medical buildings completed in 2000 on nearly 4 ac lot in fast growing (284% prop growth since 2000) and high income (AHI $90K/yr in 3 miles) Houston MSA. Near Kingwood Medical Center and I-69. 94% NN leased to six medical tenants. 7.25% cap. Price N/A.
7. Neighborhood Center in Jacksonville, FL: 166,759 SF shopping center built in 1990 on over 15 ac lot at a signalized intersection along major artery with good ingress/egress. 85% leased with national & regional tenants. Actual NOI $719K/yr. $8.995M. 8% actual cap. Upside potential.
8. Arby’s in Vestavia, AL: 3187 SF Arby’s Restaurant built in 1998 on .68 ac lot along main thoroughfare in upper middle class Birmingham metro. 25% NNN lease with 9-yrs left to a strong operator with over 50-units. NOI $153K/yr with 7% rent bumps every 5-yrs. $2.188M. 7% cap.
9. MOB in Winter Springs, FL: 5800 SF attractive multitenant medical office building constructed in 2004 on .72 ac lot in Orlando suburbs. All units face main road. 100% NNN leased to two long term medical practices. NOI $88K/yr. $1.695M. 5.20% cap.

            (c) Transmercial 2014

11-21: Rite Aid, Urgent Care, Office Buildings, MOB's, Retail Centers

1. Shopping Center in Carrolton, TX: 57,760 SF attractive shopping center on 4 ac lot in a fast growing and upper middle-class Dallas suburbs with an AHI of $78K/yr in 3 miles. 100% leased. NOI $380K/yr. $4.65M. 7.50% cap.
2. Neighborhood Center in Plano, TX: 124,567 SF shopping center in Dallas suburbs. Along Hwy-75. Shadow anchored by Burlington Coat Factory. NOI $1.322M/yr. Price reduced from $16.527M to $15.51M. 8.50% cap.
3. Rite Aid in Livonia, MI: 11,180 SF Rite Aid Pharmacy built in 1998 on 1.48 ac corner lot in upper middle class Detroit suburbs. Close to Botsford Hospital and Hwy-5. 20-yrs NN corp lease with 4-yrs left. NOI $212K/yr. $2.429M. 8.75% cap.
4. Retail Center in Jonesboro, GA: 9600 SF attractive retail center built in 2007 on 1.23 ac lot on a main corridor in Growing Atlanta suburbs. 88% NNN leased. NOI $98K/yr. $1.05M. 9.38% cap. Upside potential when fully leased! Note: Full brochure upon request.
5. Office Building in Benicia, CA: 25,000 SF Class-B office building completed in 1991 on over 1 ac lot in high income (AHI $116K/yr) San Francisco suburbs. Near I-780. 97% leased to multiple tenants. NOI $262K/yr. $3.65M. 7% cap.
6. Retail Building in Kokomo, IN: 4791 SF attractive retail building on nearly 1 ac lot at a signalized intersection. Adjacent to Howard Community Hospital. 100% NNN leased to Marco Pizza and ATI Physical Therapy. NOI $104K/yr. $1.55M. 6.77% cap.
7. Office Building in Wake Forest, NC: 15,382 SF attractive multitenant office building constructed in 2009 in growing and high income Raleigh MSA with an AHI of $90/yr in 3 miles. 85% leased. $2.384M. NOI & cap rate N/A.
8. Office Building Flower Mound, TX: 7235 SF well maintained office building completed in 1995 on .71 ac lot in a growing and affluent (AHI $122K/yr in 1 mile) Dallas/Fort Worth suburbs. 74% leased. Actual NOI $94K/yr. $1.152M. 8.25% actual cap. Upside potential.
9. Urgent Care in Queen Creek, AZ: 4574 SF medical office building constructed in 2007 on over 1 ac lot at a hard corner location in booming (3,321% pop growth since 2000) Phoenix metro. Close to Banner Ironwood Medical Center. 100% NNN lease to a strong operator with 40 units. NOI $146K/yr with 10% rent bumps every 5/yrs. $2.439M. 6% cap.
10. Office Building in Suwanee, GA: 12,560 SF beautiful multitenant office building on 1.40 ac corner lot along main corridor in high income (AHI $111K/yr in 3 miles) Atlanta suburbs.  100% leased. NOI $122K/yr. $1.75M. 7% cap.

            (c) Transmercial 2014

11-20: MOB, Mixed-use, Retail Buildings

1. Shopping Center in Kingwood, TX: 35,085 SF high quality construction shopping center built in 2008 on 4 ac lot in growing and high income Houston suburbs. Near Kingwood Medical Center and I-69. 94% NNN leased to fourteen tenants. Actual NOI $595K/yr. $7.938M. 7.50% actual cap.
2. Retail Center in Memphis, TN: 17,360 SF attractive retail center built in 2002 on 1.69 ac corner lot. 76% leased. Actual NOI $128K/yr. $1.2M. 10.7% actual cap.
3. MOB in Boise, ID: 3770 SF Class-B single-tenant medical office building completely renovated in 2003 at a corner location. Across from St. Luke’s Medical Center. This is a sale lease back investment. New 7-yrs absolute NNN lease to Center for Lifetime Health. NOI $84K/yr with 3% annual rent increases. $1.4M. 6% cap.
4. Retail Center in La Porte, TX: 16,500 SF retail center built in 2008 on nearly 2 ac lot in growing and upper middle class Houston MSA with an AHI of $84K/yr in 3 miles. 100% leased to eight tenants. NOI $264K/yr. $3.53M. 7.5% cap.
5. Office Building in Mesa, AZ: 15,249 SF Class-B multitenant office building completed in 2000 on 1.56 ac lot in Phoenix suburbs. Close to Superstition Springs Center, with Sears, Dillards, Macy’s and JC Penney. With easy access to Hwy-60. 100% leased. NOI $164K/yr. $2.188M. 7.5% cap.
6. MOB in East Greenwich, RI: 15,619 SF newly constructed medical office building in high income (AHI $98K/yr) Providence metro. 100% NNN leased with long term tenants. NOI $449K/yr. $4.999M. 9% cap.
7. Retail Building Norcross, GA: 10,000 SF attractive retail center built in 2007 on 1 ac lot along busy corridor in growing Atlanta suburbs. 70% NNN leased. Actual NOI $99K/yr. $1.65M. 6% actual cap. Upside potential.
8. MOB in Snellville, GA: 28,750 SF Class-B office building on 2½ ac lot in growing and high income Atlanta suburbs with an AHI of $85K/yr in 3 miles. Adjacent to Eastside Medical Center. 74% leased. Actual NOI $157K/yr. $1.8M. 8.75% actual cap.
9. Strip Center in Lomita, CA: 4872 SF strip center built in 2008 at a hard corner location in densely populated Los Angeles County. NNN leased. NOI $84K/yr. $1.699M. 5% cap.
10. Mixed-use in Moorpark, CA: 7525 SF well maintained retail/office center with excellent visibility in high income city (AHI $115K/yr in 3 miles) in Southern California. 67% leased. Actual NOI $60K/yr. $1.15M. 5.29% actual cap. Upside potential when fully leased.

            (c) Transmercial 2014

11-19: Office Building, Retail Buildings, Cash America, Shopping Centers

1. Office Building in Gainesville, FL: 15,026 SF Class-B multitenant office building on .87 ac lot along main artery. 90% leased. NOI $66K/yr. $947K. 7% cap.
2. Retail Center in Saratoga Springs, UT: 14,000 SF attractive retail center built in 2009 on over 1 ac lot in booming (1,005% pop growth since 2000) Salt Lacy City suburbs. Shadow anchored by Walmart.  100% leased to Dollar Tree, Sally Beauty, Verizon Wireless and United Studios. NOI $215K/yr. $3.082M. 7% cap.
3. Strip Center in Saratoga Springs, UT: 8400 SF strip center built in 2010 shadow anchored by Walmart in growing (1,005% pop growth since 2000) Salt Lake City suburbs. 100% NNN leased to five tenants. NOI $198K/yr. $2.839M. 7% cap.
4. Retail Building in Chino, CA: 12,069 SF retail building completed in 2009 on 1.58 ac lot in high income (AHI $99K/yr in 3 miles) San Bernardino County. Shadow anchored by Home Depot and JC Penney. 100% NNN leased. NOI $194K/yr. $3.117M. 6.25% cap.
5. Shopping Center in Mesa, AZ: 69,270 SF attractive shopping center built in 2002 on nearly 8 ac lot anchored by Michaels and PetSmart at a dominant retail intersections. Shadow anchored by Home Depot. Near Hwy-202. 100% leased to national & local tenants. 6.84% cap. NOI & price N/A.
6. Cash America in Indianapolis, IN: 14,700 SF single-tenant retail building on 1.50 ac lot along main artery. With easy access to I-465/I-74. Recently extended NNN lease with 6-yrs left. NOI $80K/yr. $1.005M. 8% cap.
7. Office Building in Las Vegas, NV: 26,310 SF Class-B office building on .88 ac lot close to Sunrise Hospital and Medical Center & Boulevard Mall. 91% leased to multiple tenants. NOI $184K/yr. $2.3M. 8% cap.
8. Retail Building in Overland Park, KS: 7170 SF attractive retail building constructed in 2009 on .85 ac lot along major retail artery in affluent Kansas City suburbs with an AHI of $112K/yr in a 3 mile ring. 100% NNN leased. NOI $126K/yr. $1.45M. 8.70% cap.
9. Shopping Center in Sacramento, CA: 30,023 SF shopping center on over 2 ac lot at a busy thoroughfare. 76% leased with good tenant mix. Actual NOI $226K/yr. $3.1M. 9.61% cap. Upside potential when fully leased.

            (c) Transmercial 2014

11-18: MOB, TitleMax, Office Buildings, Shopping Centers

1. Retail Center in Plainfield, IN: 20,420 SF attractive retail center constructed in 2006 on over 2 ac lot at a signalized corner location in growing and upper middle class Indianapolis suburbs. Adjacent to new Walmart Neighborhood market and across from CVS.  88% leased to Subway, Great Clips, Anytime Fitness, Fox' s Pizza, Perfect Tan & Spa, China Wok, Saratoga Family Dental, and Accelerated Physical Therapy. NOI $276K/yr. $3.505M. 7.88% cap.
2. Strip Center in Bentonville, AR: 14,974 SF strip center built in 2006 on 1.51 ac lot in a growing area. Close to Northwest Medical Center-Bentonville and I-540. 82% leased with good tenant mix. Seller will escrow buyer rent for one year on the vacant space. NOI $123K/yr. $1.4M. 8.81% cap.
3. MOB in Temecula, CA: 36,911 SF Class-B consisting of two medical office buildings on 2 ac lot in high income Southern California. With easy access to I-15. 74% leased. Actual NOI $252K/yr. $3.6M. 7.01% actual cap. Upside potential when fully leased. Only $97.53/SF.
4. Shopping Center in Tempe, AZ: 34,433 SF well maintained shopping center on nearly 3 ac lot in Phoenix suburbs. Close to Tempe St Luke’s Hospital and I-10. 93% NNN leased. Actual NOI $342K/yr. $4.7M. 7.29% actual cap. Upside potential.
5. Strip Center in Wichita, KS: 7845 SF strip center built in 1994 on .72 ac outparcel to Walmart Neighborhood Market. 100% leased. Pro forma NOI $94K/yr. $975K. 9.64% pro forma cap.
6. MOB in Sheffield Village, OH: 35,799 SF Class-B multi-tenant medical office building completed in 2000 on 6.48 ac lot in high income Cleveland suburbs. Near I-90. 82% leased. Actual NOI $332K/yr. $4.18M. 7.95% cap. Upside potential.
7. Retail Center in Memphis, TN: 22,325 SF retail center built in 2001 on 2+ ac lot anchored by Family Dollar and Black Decker.  Property with 3 different entrances to the center. 93% NNN leased. NOI $207K/yr. $2.3M.  9% cap.
8. TitleMax in San Angelo, TX: 4940 SF single-tenant retail building at a main thoroughfare. 100% NNN corp lease with 5 yrs left to TitleMax, a national title loan company. NOI $61K/yr. $758K. 8.15% cap.
9. Office Building in Tulsa, OK: 17,748 SF Class-B office building on .80 ac lot close to St John Medical Center and Hwy-64. 100% leased to multiple tenants. NOI $96K/yr. $1.2M. 8% cap.
10. Office Building in Walnut Creek, CA: 17,068 SF well maintained office building in high income (AHI $104K/yr in 3 mile) San Francisco metro. Close to Kaiser Permanente and next to I-680. 100% leased to local and credit tenants. NOI $226K/yr. $4.195M. 5.39% cap.

            (c) Transmercial 2014

11-14: Retail centers, MOB, Office Building

1. Neighborhood Market in Charlotte, NC: 65,584 SF neighborhood center built in 1999 on 8.91 ac lot at an intersection in well-off area.  Anchored by 46,624 SF Bi-Lo Supermarket, a regional tenant. 100% NNN leased to 11 tenants.  Access land for adding more retail spaces.  NOI $758K/yr. Price reduced to $9.484M. 8% cap.  Buyer to assume $6.9M loan.
2. Office Building in Frisco, TX: 27,125 SF 2-story class-A office building on 2.06 ac corner lot completed in 2007 in fast growing and affluent Dallas suburbs (AHI $157K/yr in 1 mile). Great access to the Dallas North Tollway and the Sam Rayburn Tollway.  100% leased to multiple tenants.  Price N/A. 7% cap.
3.  Shopping Center in Atlanta, GA: 13,264 SF shopping center on 2.18 ac lot completed in 2008. Shadow anchored by Walgreens and adjacent to 600,000 SF Camp Creek Marketplace, a power center.  Ease access to I-285.  100% leased.  NOI $342K/yr. $4.725M. 7.25% cap.
4. MOB in Pleasanton, CA: 9974 SF medical office building on 1 ac lot in high income Silicon Valley suburbs.  100% leased to 9 medical/dental tenants.  Gross income $204K/yr. $2.895M.
5. Office Building in Dallas, TX: 9952 SF 2-story office building in high income area with AHI $94K/yr.  97% leased.  NOI $124K/yr. $1.395M. 9% cap.
6. Shopping Center in Toledo, OH: 21,000 SF shopping center built in 2002 on 2.78 ac lot in middle class area.  100% mostly NNN leases to 9 tenants with average rent below $10/SF (means tenant likely to stay for a long time). NOI $185K/yr. $2.16M. 8.6% cap.
7. Shopping Center in Lilburn, GA: 41,150 SF mature shopping center on 5.26 ac lot in high income Atlanta metro.  100% NNN leased to 9 tenants including CVS, Dollar Tree, BofA, Antique Mall. NOI $390K/yr. $4.34M. 9% cap.
8. Retail Plaza in McKinney, TX: 9400 SF shopping plaza on 1.04 ac lot in high income (AHI $93K/yr in 1 mile) Dallas suburbs.  100% leased.  NOI $106K/yr. $1.445M. 7.37% cap.

            (c) Transmercial 2014.

11-12: Walgreens, MOB, Mixed-Use, CVS, Retail Centers

Welcome new investors.  Transmercial is the only company in the US 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. Walgreens in Rock Island, IL: 13,905 SF drive-thru Walgreens Pharmacy on 1.45 ac lot at a hard corner location. Close to Trinity Medical Center. Tenant has been at this location since 1998. Recently extended NNN- corp lease with 18-yrs left. NOI $316K/yr. $4.7M. 6.74% cap.
2. MOB in Gilbert, AZ: 4561 SF Class-B single tenant medical office building constructed in 2003 in upper middle class Phoenix suburbs. Near Banner Gateway Medical Center and Hwy-60. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $86K/yr with 3% annual rent bumps. $1.195M. 7.25% cap.
3. Community Center in Buffalo, NY: 92,720 SF shopping center on 6.75 ac outparcel to Home Depot and at a major retail corridor in a growing area. 100% NNN leased to Jo-Ann Fabrics and Crafts, Big Lots and Office Max. NOI $840K/yr. 10.425M. 8.06% cap.
4. Mixed-Use in Colorado Springs, CO: 57,900 SF office/retail center at a high traffic location on over 5 ac corner lot in upper middle class area. 85% NNN leased. Actual NOI $618K/yr. $7.5M. 8.25% cap.
5. Shopping Center in Milwaukie, OR: 25,420 SF well kept shopping center on 2 ac lot in growing upper middle-class Portland metro  area. All units face main retail artery. 100% NNN leased. NOI $350K/yr. $4.995M. 7.02% cap.
6. CVS in Yuma, AZ: 15,251 SF CVS Pharmacy constructed in 2000 on 2.51 ac lot adjacent to Southgate Mall with Sears, Burlington Coat Factory, Goodwill and Big 5 Sporting Goods. Close to Yuma Regional Medical Center. 100% NNN corp lease with 6-yrs left. NOI $323K/yr. $4.462M. 7.25% cap.
7. Retail Center in Missouri City, TX: 29,910 SF attractive shopping center on 2.88 ac lot along Hwy-6 in fast growing & affluent (AHI $124K/yr in 1 mile) Houston suburbs. Near Wal-Mart, Kohl’s, Lowe’s and Home Depot. 97% NNN leased. NOI $447K/yr. $5.95M. 7.5% cap. 
8. Retail Building in Las Vegas, NV: 10,987 SF retail building constructed in 2007 on over 1 ac lot at a signalized intersection. 79% NNN leased. Actual NOI $173K/yr. $2.225M. 7.78% cap.
9. MOB in Gilbert, AZ: 3835 SF Class-A single-tenant medical office building completed in 2003 in Phoenix suburbs. Close to Mercy Gilbert Medical Center and Hwy-202. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $72K/yr with 3% annual rent increases. $1.005M. 7.25% cap.

            (c) Transmercial 2014

11-11: 24 Hour Fitness, MOB, Burge King, Shopping Centers

1. Shopping Center in Missouri City, TX: 29,910 SF attractive shopping center on 2.88 ac lot along Hwy-6 in fast growing & affluent (AHI $124K/yr in 1 mile) Houston suburbs. Near Wal-Mart, Kohl’s, Lowe’s and Home Depot. 97% NNN leased. NOI/Price N/A.
2. Retail Building in Augusta, GA: 4200 SF brand new retail building on .85 ac corner lot along major corridor. Near I-520. 100% NNN leased to 2 brand-name tenants:  Dunkin’ Donuts and Firehouse Subs. NOI $100K/yr. $1.44M. 7% cap.
3. Retail Center in Noblesville, IN: 12,080 SF retail center built in 2005 on 1.42 ac outparcel to Home Goods, T-J-maxx, Shoe Carnival, Petsmart, Best Buy and Barnes & Noble in Indianapolis suburbs. 86% NNN leased with only one vacancy.  Actual NOI $175K/yr. $2.195M. 8% actual cap. Upside potential.
4. Strip Center in Ridge, NY: 6000 SF well maintained retail center on 1 ac lot in high income New York suburbs. Only one vacancy. Pro forma NOI $103K/yr. $1.3M. 7.93% pro forma cap.
5. Retail Center in Fresno, CA: 14,040 SF retail center constructed in 2000 on 1.34 ac outlot to Walmart. Tenants include: Kaiser Permanente, Payless Shoe Source, Govind Jewelers, KK Nails, Insurance and Dental Office.  69% NNN leased. Seller to provide 1 yr rent guaranty for the vacant spaces.  NOI $282K/yr. $2.973M. 9.50% cap.
6. 24 Hour Fitness in Tempe, AZ: 46,658 SF well kept fitness center built in 1993 on 7 ac lot in high income Phoenix suburbs. Close to Banner Desert Medical Center, Mesa Community College, and Fiesta Mall. Next to Hwy-101. 100% NNN corp lease with 5-yrs left. NOI $521K/yr. $6.6M. 7.90% cap.
7. Retail Center in Queen Creek, AZ: 10,600 SF retail building completed in 2006 on 1.36 ac lot at a signalized corner location in booming (1,491% pop growth since 2000) and high income (AHI $93K/yr in 3 miles) Phoenix metro. 87% NNN leased. Actual NOI $135K/yr. $1.85M. 7.30% cap.
8. Retail Building in Bakersfield, CA: 7580 SF retail building constructed in 2009 on nearly 1 ac lot at a signalized intersection in growing and upper middle class area. Shadow anchored by In Shape Fitness Center. 82% NNN leased to Western Dental and AT&T.  Pro forma NOI $258K/yr. $3.688M. 7% pro forma cap.
9. MOB in Lady Lake, FL: 4756 SF multitenant medical office building along main corridor across from Villages Regional Hospital. 100% NNN leased. $1.6M. NOI N/A.  Average cap rate 7.5%.
10. Burger King in San Antonio, TX: 3937 SF franchised fast food restaurant built in 1995 on .81 ac outlot to Rolling Oaks Mall with Dillards, Macy’s, JCPenney, and Sears. This is a sale leaseback investment. 20-yrs absolute NNN lease to an experience operator with 20-units. NOI $132K/yr with 7% rent increases every 5-yrs. $2.202M. 6% cap.

            (c) Transmercial 2014

11-10: MOB, Goddard School, Office/Flex, Retail Center

   

Welcome new investors.  Transmercial is the only company in the US 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 Las Vegas, NV: 43,897 SF attractive multi-tenant medical office building constructed in 1997 on 2.60 ac lot adjacent to 340-bed Mountain View Hospital. 87% leased. Actual NOI $762K/yr. $10M. 7.62% cap. Upside potential when fully leased.
2. Shopping Center in Orland Park, IL: 57,499 SF shopping center built in 2006 at a hard corner location in growing and affluent Chicago suburbs with an AHI of $106K/yr in 3 miles. Major tenant include: Jewel Osco Grocery, Starbucks, Jimmy Johns and Chase Bank. NNN. NOI $396K/yr. $6.1M. 6.5% cap.
3. Goddard School in Powell, OH: 8124 SF early childhood preschool education center constructed in 2003 in prosperous (AHI $115K/yr in 3 miles) Columbus MSA. 100% NNN lease with 4-yrs left. NOI $169K/yr. $2.184M. 7.75% cap.
4. Office/Flex Building in Rohnert Park, CA: 23,260 SF well maintained buildings on 1.40 ac lot in fast growing city just North of San Francisco. Easy access to Hwy-101. 100% leased to six professional tenants. NOI $215K/yr. $3.18M. 6.78% cap.
5. Office Building in Sacramento, CA: 20,336 SF Class-C office building close to UC David Medical Center and California State University-Sacramento. 100% leased. NOI $138K/yr. $2.25M. 6.15% cap.  Low price/SF.
6. Retail Center in Clinton Township, MI: 26,552 SF attractive retail center built in 1995 on over 6 ac lot anchored by Dollar General in Detroit suburbs. 94% NNN leased. NOI $200K/yr. $2.165M. 9.25% cap.
7. Retail Center in Chandler, AZ: 13,200 SF eye-catching retail center at a corner location in booming (1,586% pop growth since 2000) and affluent (AHI $112K/yr) Phoenix suburbs. 100% NNN leased. NOI $220K/yr. $3.046M. 7.25% cap.
8. Retail Center in Phoenix, AZ: 15,635 SF attractive retail center across from Wal-Mart, near Home Depot and on/off ramp of Hwy-101.  94% NNN leased. NOI $241K/yr. $3.109M. 7.75% cap.
9. Retail Center in Sacramento, CA: 16,200 SF well kept retail center on 1.28 ac lot at a hard corner location. Across from La Superior Supermercado. Adjacent to shopping center with 99 Cents Only and Harbor Freights Tools. 100% NNN leased to fourteen tenants. NOI $132K/yr. $1.6M. 7.55% cap.
10. Retail Center in Austell, GA: 35,150 SF attractive shopping center built in 2000 anchored by Gold’s Gym in Atlanta suburbs.  Shadow-anchored by Regal Cinema. 91% NNN leased. NOI $347K/yr. $4.086M. 8.50% cap.

            (c) Transmercial 2014

11-07: Wienerschnizel, MOB, Office Buildings, Shopping Centers

Advisory on property visit: Once you review all the leases, financial documents and other documents of the property and are satisfied with them, the next step is to visit the property.  The purpose of the visit is to

1. Make sure there is nothing wrong with the property physically with your own eyes.  While Google Streetview is a powerful tool to "visit" the property, it does not show you clearly the building condition or if the building has structural problems like cracks on the wall.  So walk around the property and also drive around the neighborhood.
2. Ensure all the tenants are doing well in the property.  Bring along the rent roll to verify the tenants are still there and talk to the tenants to see how they are doing or ask any relevant questions you may have, e.g. does the dry cleaner use PERC (a cleaning solvent that may cause soil contamination if spilled)?
3. Meet the property managers. You should meet the current manager and at least another property manager.  If the property is well kept, the tenants are happy and nothing broke that needs fixing then you may want  to retain the current manager.

1. Strip Center in South Elgin, IL: 13,436 SF attractive strip center built in 2007 on 2 ac outparcel to Super Target, LA Fitness, Toys ‘R Us and Ross Dress For Less in growing Chicago suburbs. 100% NNN leased to national tenants including Sherwin Williams, Sports Clips, and Game Stop. NOI $292K/yr. $3.965M. 7.37% cap.
2. Retail Center in Victorville, CA: 21,208 SF recently renovated retail center on over 2 ac lot close to Victor Valley Global Medical Center and I-15. 100% leased. NOI $189K/yr. $2.688M. 7.04% cap.
3. Strip Center in Orlando, FL: 10,250 SF well maintained strip center constructed in 2000 on over 1 ac outparcel to Wal-Mart at a main corridor. Close to Waterford Lakes Town Center, with over 100 stores. 100% NNN leased to Sherwin Williams, MetroPCS, Little Caesars and Ace of Spades. NOI $240K/yr. $3.43M. 7% cap.
4. Retail Center in Las Vegas, NV: 21,015 SF well kept retail center on 1.65 ac lot along main thoroughfare. 97% leased to national & local tenants. NOI $266K/yr. $3.85M. 6.92% cap.
5. MOB in Phoenix, AZ: 10,378 SF well maintained medical office building on .52 ac lot in close proximity to four major hospitals: John C. Lincoln North Mountain, Thunderbird Samaritan Hospital, Phoenix Baptist Hospital, and John C. Lincoln Deer Valley.  Near Metro center Mall and I-17. 61% leased. $934K. NOI N/A.
6. MOB in Prescott, AZ: 7800 SF Class-B multitenant medical office l building on ½ ac lot. 100% leased to multiple tenants with 77% space leased to 2 medical/dental tenants. NOI $82K/yr. $995M. 8.25% cap.
7. MOB in Gurnee, IL: 22,416 SF Class-B medical office building constructed in 1998 on nearly 2 ac lot in growing and high income Chicago suburbs. 100% NNN leased to medical practices. NOI $379K/yr. $5.3M. 7.17% cap.
8. Strip Center in Santa Ana, CA: 8006 SF well maintained strip center along major corridor in densely Los Angeles area with over 700,000 residents in a 5 mile ring. 60% leased to Pizza Hut, Coin Laundry, Video and Tax Service among others. Actual NOI $118K/yr. $1.97M. 6% cap. Upside potential when fully leased.
9. Shopping Center in Carrolton, TX: 57,760 SF attractive shopping center on 4 ac lot in a fast growing and upper middle-class Dallas suburbs with an AHI of $78K/yr in 3 miles. 100% leased. NOI $348K/yr. $4.65M. 7.50% cap.
10. Wienerschnitzel in Henderson, NV: 2017 SF fast food restaurant constructed in 1992 on .49 ac lot in high income Las Vegas suburbs. 100% NNN lease with 3-yrs left. NOI $71K/yr. $825K. 8.72% cap. 

11-06: Rite Aid, MOB, AAA Office Building, Shopping Centers

1. Shopping Center in League City, TX: 28,150 SF attractive shopping center constructed in 2002 on over 3 ac lot in growing and affluent Houston suburbs with an AHI of $109K/yr in 1-mile ring. 100% NNN leased. NOI $526K/yr. $6.412M. 8.21% cap.
2. Retail Center in Washington Township, MI: 17,561 SF attractive retail center built in 2005 on over 3 ac outparcel to Meijer Supermarket in Detroit suburbs. Near Hwy-53. Good tenant mix including: Great Clips, UPS Store, AAA Insurance, Expert Eyes, Miracle Ear and more. Across from Target, Kohl’s and Home Depot. 100% NNN leased. NOI $217K/yr. $2.588M. 8.40% cap.
3. Shopping Center in Noblesville, IN: 40,650 SF well maintained shopping center on 4.60 ac lot. Major tenants include: Fresenius, Starbucks, Sherwin Williams, Supercuts and Edward Jones. Across from 156-bed Riverview Health. 85% NNN leased. Actual NOI $472K/yr. $6.2M. 7.63% cap. Upside potential.
4. MOB in Chicago, IL: 27,007 SF medical office building constructed in 2007 on over 1 ac lot across from Roseland Community Hospital. 100% NNN leased to 7 medical & retail tenants: Fresenius, Chicago Family Health, Roseland Alliance, Roseland Community Hospital, Skylake Chinese, Roseland Nail Spa and Subway. NOI $541K/yr. $5.695M. 9.50% cap.
5. Shopping Center in Saint Cloud, FL: 88,264 SF shopping center and 6300 SF Outback Steakhouse Restaurant on over 10 ac lot anchored by 42,112 SF Gold’s Gym and 13,500 Mizu Supermarket. At a major artery in Orlando suburbs. 99% leased. NOI $771K/yr. $9.25M. 8.34% cap.
6. Retail Center in Orlando, FL: 32,908 SF eye-catching seventeen units retail center on 4 ac lot at a signalized intersection in a fast growing area. Major tenants are JP Morgan Chase FedEx/Kinko's, Verizon, Subway, and Five Guys. 96% leased with only one vacancy. NOI $780K/yr. $9.75M. 8% cap.
7. AAA Auto Club in Hayward, CA: 21,372 SF Class-B multitenant office building on 1.88 ac lot in Alameda County. Across from Chabot College and close to Southland Mall. 53% NNN leased. Actual NOI $191K/yr. $3.199M. 6% cap.
8. Rite Aid in Ogden, UT: 21,000 SF well maintained Rite Aid Pharmacy on .92 ac lot in growing town North of Salt Lake City. Tenant has been at this location since 1965. 7-yrs recently extended NNN- corp lease. NOI $99K/yr. $1.584M. 6.25% cap.
9. AAA Auto Club in Petaluma, CA: 7039 SF Class-B single tenant office building on 1 ac lot in high income town North of San Francisco. 100% NNN lease with 4-yrs left to a credit tenant. NOI $89K/yr. $1.35M. 6.60% cap.
10. MOB in Woodstock, GA: 6840 SF Class-B medical office building completed in 1999 in affluent Atlanta metro with an AHI of $108K/yr in 1 mile radius. 100% NNN lease. NOI $110K/yr. $1.2M. 9.20% cap.

            (c) Transmercial 2014

11-05: Fresenius Dialysis, Rite Aid, MOB, Burger King, Retail Centers

Welcome new investors.  Transmercial is the only company in the US 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. Fresenius in Springfield, IL: 6567 SF dialysis center renovated in 2012 on .65 acre lot. 15 yrs NNN- lease with 7 yrs remaining to Fresenius Medical Care with 1,800 centers.  NOI $132K/yr with annual rent increases.  $1.858M. 7.15% cap.
2. Retail Center in Tucker, GA: 15,350 SF retail center constructed in 2000 on 1.40 ac lot in Atlanta suburbs. 100% leased with good tenant mix. NOI $187K/yr. $2.25M. 8.35% cap.
3. Shopping Center in Madison, WI: 33,325 SF attractive retail center constructed in 1990 on 3.56 ac lot with good tenant mix such as Auto Zone, Lumber Liquidators and Harbor Freight Tools. Across from Home Depot and close to Hwy-12. 92% NN leased. Actual NOI $236K/yr. $2.916M. 8.11% cap.
4. Rite Aid in Charlotte, NC: 11,421 SF Rite Aid constructed in 1999 on 1.82 acres of lot located at hard corner. 100% NNN corp lease with 5-yrs left. NOI $241K/yr. $3.021M. 8% Cap.
5. MOB in Florence, KY: 18,283 SF well maintained medical office building renovated/expanded in 2007 on 1.71 ac lot anchored by Fresenius Dialysis Center in Cincinnati suburbs. 100% NNN leased to multiple tenants. NOI $320K/yr. $3.375M. 9.51% cap.
6. Shopping Center in Fishkill, NY: 65,000 SF attractive shopping center on 2.77 ac lot anchored by Gold’s Gym in upper middle-class (AHI $85K/yr) New York MSA. Close to I-84. 100% leased with a strong tenant mix. NOI $477K/yr. $5.3M. 9% cap.
7. Burger King in El Paso, TX: 2716 SF drive-thru franchised fast food restaurant built in 1988 on .52 ac lot in a growing border city. Across from Sam’s Club and Hobby Lobby. On on/off ramp of I-10. 100% absolute NNN lease with 6-yrs left to strong operator with 88 units. NOI $94K/yr. $1.42M. 6.69% cap.
8. Strip Center in Dallas, TX: 9800 SF attractive strip center near UTSW University Hospital, Parkland Memorial Hospital, Children’s Medical Center and I-35E. 100% leased. NOI $176K/yr. $2.2M. 8% cap.
9. Retail Center in Lilburn, GA: 19,600 SF well maintained retail center along main corridor in growing Atlanta suburbs. 90% leased with long term tenants. NOI $209K/yr. $2.324M. 9% cap.
10. Retail Center in Maple Shade, NJ: 15,900 SF attractive retail center in high income Philadelphia suburbs. 100% NNN leased to For Eyes Optical, Men’s Warehouse and Mattress Warehouse. Across from 1,095,000 SF Moorestown Mall and 800,000 SF Eastgate Square. 10% cap. NOI & price N/A.

            (c) Transmercial 2014

11-04: Lee's Famous Recipe Chicken, AAA, Walgreens, Shopping Centers

1. Shopping Center in Plantation, FL: 35,937 SF well maintained shopping center on over 3 ac lot along major corridor in Fort Lauderdale.  Near Plantation General Hospital. NOI $246K/yr. $3.25M. 7.57% cap.
2. Neighborhood Center in Grandville, MI: 60,876 SF shopping center built in 2000 on 6.48 ac lot in Grand Rapids (2nd biggest city in MI) suburbs.  Anchored by Family Fare Supermarket. Across from 1,250,000 SF Rivertown Crossings Mall. 93% NNN leased. NOI $641K/yr. $7.825M. 8.20% cap.
3. Lee’s Famous Recipe Chicken in Dayton, OH: 4950 SF well maintained single-tenant restaurant on .54 ac lot. Next to I-35.  20-yrs absolute NNN lease to an experience operator with 13-units. NOI $120K/yr with 5% rent bumps every 5-yrs. $1.714M. 7% cap.
4. AAA Auto Club in Fresno, CA: 15,571 SF Class-B office building on 1.69 ac lot along major artery. 100% NNN lease with 3-yrs left to AAA, a brand name tenant. NOI $191K/yr. $2.399M. 8% cap.
5. Mixed-Use in Haverstraw, NY: 9000 SF attractive retail/office building on .72 ac lot in growing and high income New York suburbs with an AHI of $97K/yr in 3 miles. 100% leased. NOI $80K/yr. $1.15M. 7% cap.
6. Shopping Center in Phoenix, AZ: 100,260 SF shopping center on 7.54 ac lot at a signalized intersection anchored by Goodwill.  98% leased.  NOI $854K/yr. $10.49M. 8.15% cap.
7. Walgreens in Jacksonville, FL: 13,980 SF established Walgreens Pharmacy on 1.65 ac lot. Near I-95.  Recently extended absolute NNN corp lease with 5-yrs left. $2.455M.
8. AAA Auto Club in Clovis, CA: 12,305 SF Class-B single-tenant office building on 1.45 ac lot in growing Fresno suburbs. Close to Sierra Vista Mall. 100% NNN lease to a credit tenant with 3-yrs left. NOI $164K/yr. $1.35M. 12.20% cap.
9. Shopping Center in Gurnee, IL: 103,938 SF well maintained shopping center on 6.80 ac lot anchored by Salvation Army in growing middle-class Chicago suburbs. 97% leased. Actual NOI $495K/yr. $5.9M. 8.40% cap. Upside potential when fully leased.
10. Shopping Center in Glendale, AZ: 88,227 SF shopping center on 8.65 ac lot at a hard corner location Tenants Include: Fry's Marketplace (Anchor and is a division of the Kroger Company), Jackson Hewitt, Papa Murphy's, UPS Store, JP Morgan Chase, Leslie's Pools.  Major tenants Include: Fry's Marketplace (Anchor), Jackson Hewitt, Papa Murphy's, UPS Store, JP Morgan Chase, Leslie's Pools.  93% leased. $10.25M. NOI N/A.

            (c) Transmercial 2014

11-03: MOB, AAA, Rite Aid, Shopping Centers

Welcome new investors.  Transmercial is the only company in the US 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 Miami, FL: 18,026 SF Class-B consisting of three medical office buildings on 1.63 ac lot adjacent to Baptist Hospital of Miami. 78% leased to multiple tenants. Actual NOI $389K/yr. $5.9M. 6.60% cap. Upside potential.
2.  Retail Center in Marion, OH: 11,870 SF attractive newly constructed retail center on 1.51 ac lot across from The Ohio State University at Marion. 100% leased. NOI $249K/yr. $3.696M. 6.75% cap.
3. Neighborhood Center in Louisville, KY: 74,300 SF well maintained shopping center on 9½ ac lot anchored by grocery store in a fast growing area. 83% NNN leased with good tenant mix. NOI $549K/yr. $7.85M. 7% cap.
4. Shopping Center in Mesa, AZ: 94,894 SF well-maintained shopping plaza on 10.43 acres corner lot in Phoenix metro.  95% leased.  NOI $562K/yr. $6.9M. 8.15% cap.
5. Retail Centers in Houston, TX: 97,576 SF consisting of four retail buildings on over 8 ac lot anchored by Goodwill in a fast growing and high income area. All units face main corridor. 95% NNN leased. NOI $1,140M/yr. $14.25M. 8% cap.
6. AAA in Salinas, CA: 7293 SF Class-B office building in growing Monterey County. With easy access to Hwy-101. 100% NNN lease with over 5-yrs left to AAA, a brand name tenant. NOI $123K/yr. $1.5M. 8.20% cap.
7. Office Building in Santa Clara, CA: 12,900 SF Class-B multitenant office building along main corridor in high income (AHI $100K/yr) Silicon Valley. NNN leased. NOI $172K/yr. $2.7M. 6.39% cap.
8. Office Building in Van Nuys, CA: 10,190 SF Class-A office building completed in 1991 along major artery. Near Valley Presbyterian Hospital and I-405. 100% leased to multiple tenants. Pro forma NOI $180K/yr. $2.2M. 6.50% cap.
9. Rite Aid in Livonia, MI: 11,180 SF Rite Aid Pharmacy built in 1998 on 1.48 ac corner lot in upper middle class Detroit suburbs. Close to Botsford Hospital and Hwy-5. 20-yrs NN corp lease with 4-yrs left. NOI $212K/yr. $2.429M. 8.75% cap.

            (c) Transmercial 2014

10-31: Retail centers, Pizza Hut, Honeybaked Ham

1. Strip Center in Rocklin, CA: 10,080 SF 7-unit strip center on 1.1 ac corner lot in middle-class Sacramento metro with AHI of $85K/yr in 1 mile.  85% NNN leased with 1 vacant unit.  Pro forma NOI $137K/yr.  $1.65M. 8.31% pro forma cap.
2. Shopping Center in Tucker, GA: 368,229 SF shopping center on 38 acres lot across from Northlake Mall in high income (AHI 95K/yr in 1 mile) NE Atlanta suburbs.  Anchored by 43,000 SF Toys R Us, 25,855 SF Petsmart, 26,900 SF Movie Tavern and 24,278 SF Goodwill store. Easy & close access to I-285.  83% leased.  NOI $1.69M. $20M. 8.46% cap.      
3. Office Building in Morgan Hill, CA: 19,247 SF 2-story 12-unit office building on 1.24 ac corner lot on a major artery close to Hwy 101 in high income Silicon Valley suburbs.  93% leased.  NOI $244K/yr. $3.958M. 6.16% cap.  Just over $200/SF.
4. Retail Center in Oceanside, CA: 10,840 SF retail center on .98 ac lot on a major artery with easy access to I-5, a coastal town halfway between Los Angeles and San Diego. 87% leased to 5 tenants plus 2 cell towers. Pro forma NOI $285K/yr. $4.085M. 7% pro forma cap.
5. Strip Center in Plano, TX: 5869 SF strip center built in 2006 in high income Dallas suburbs.  100% NNN leased to 2 tenants: Subway and Chennai Cafe. NOI $129K/yr. $1.85M. 7% cap.
6. Shopping Center in Akron, OH: 14,545 SF shopping center on 1.06 ac lot across from 860,000 SF Chapel Hill Mall.  90% NNN leased to 5 brand-name tenants: Mattress Warehouse, Sprint, H&R Block, Check N' go, and the Men's Wearhouse. Actual NOI $215K/yr. $2.475M. 8.7% cap.  Upside potential when 100% leased.
7.  Office Building in Austin, TX: 69,547 SF 3-story office building on 5.15 ac lot.  Excellent access to MoPac Expressway (Loop 1), Highway 183, and Capital of Texas Highway (Loop 360).  100% NNN leased to multiple tenants.  NOI $672K/yr. $8.346M. 8.06% cap.
8. Pizza Hut in Blasdell, NY: 2895 SF restaurant on .77 ac corner lot across from McKinley Mall in Buffalo metro. 100% NNN lease with 4 yrs left.  Tennant has been here since 1998.  NOI $51K/yr with 10% rent bump in each 5 yrs option. Only $712K. 7.25% cap.
9. Strip mall in Tampa, FL: 10,702 SF strip mall on .52 ac lot in wealthy part of Tampa with AHI $105K/yr in 1 mile.  100% NNN leased.  NOI $188K/yr. $2.55M. 7.37% cap.
10. Honeybaked Ham in Tucker, GA: 5105 SF free-standing  Honeybaked Ham store on 1/2 ac lot near Northlake Mall in high income (AHI 95K/yr in 1 mile) NE Atlanta suburbs.  15 yrs NNN corp lease with 6+ yrs left. NOI $98K/yr. $1.283M. 7.7% cap.

            (c) Transmercial 2014

10-30: Mixed-Use, Neighborhood Center, Strip Centers

1. Shopping Center in Red Oak, TX: 45,761 SF shopping center renovated in 2008 on over 5 ac lot in growing Dallas suburbs. Major tenants include: 19,721 Life School Dallas (a non-profit public charter school with 7 locations), 8400 SF Family Dollar and 6000 SF Anytime Fitness. Adjacent to Walmart Supercenter and near I-35E. 96% NNN leased. NOI $647K/yr. $8.1M. 8% cap.
2. Strip Center in Princeton, TX: 9177 SF attractive strip center constructed in 2004 on nearly 2 ac lot in a fast growing Dallas suburbs. Tenants include: Dickey’s BBQ, Mr. Jim’s Pizza, PT Donuts, Verizon Wireless, Princeton Smiles and T-Nails Salon. 100% NNN leased. NOI $143K/yr. $1.94M. 8% cap.
3. Retail Building in Jacksonville, FL: 6000 SF well maintained retail building on .77 ac outparcel to Marshalls and Winn Dixie grocery center. 100% NNN leased to Foot Locker and Wireless America. NOI $70K/yr. $850K. 8.27% cap.
4. Shopping Center in Spring, TX: 20,790 SF shopping center built in 2006 in growing and high income Houston MSA with an AHI of $103K/yr in 3 miles. All units face main corridor. 100% NNN leased. NOI $335K/yr. $3.95M. 8.50% cap.
5. Neighborhood Center in Indianapolis, IN: 102,678 SF well kept shopping center on 11½ ac lot anchored by Big Lots and a brand new HHGregg. Across from 1,000,000 SF Washington Square Mall. 79% leased. Actual NOI $426K/yr. $5.7M. 7.49% actual cap. Upside potential.
6. Retail Buildings in San Antonio, TX: 8480 SF consisting of two retail centers on 1.26 ac lot. 100% NNN leased to Tacos N Salsa, Gorgeous Hair & Nail Salon, Blimpies, Bahama Bucks, Cleaners and Old Fashion Donuts. NOI $130K/yr. $1.725M. 7.56% cap.
7. Retail Center in Kingwood, TX: 18,107 SF beautiful retail center completed in 2006 on 3.5 ac lot in affluent (AHI $127K/yr) Houston suburbs. 100% NNN leased to four tenants. NOI $251K/yr. $3.2M. 7.80% cap.
8. Retail Center in Aurora, CO: 15,800 SF attractive retail center built in 2004 on 1.64 ac lot anchored by Big 5 Sporting Goods at a hard corner location in high income Denver suburbs. 100% leased. NOI $336K/yr. $4.082M. 8.25% cap. Buyer to assume $2.804M at 5.57% interest rate.
9. Retail Center in Downers Grove, IL: 10,887 SF well maintained retail center in affluent Chicago suburbs with an AHI of $105K/yr. With easy access to I-88 and I-355. 100% NNN leased. tenants include AT&T, Jimmy Johns, Edward Jones and Battery Giant. NOI $197K/yr. $2.159M. 9.12% cap.
10. Mixed-Use in Round Rock, TX: 20,532 SF office/retail center on over 2 ac lot in Austin suburbs. With easy access to I-35. 89% NNN leased. Actual NOI $173K/yr. $2.585M. 6.70% cap. Upside potential when fully occupied. 

            (c) Transmercial 2014

10-29: HHGregg, EZ Pawn, U-Like Buffet, Office Buildings, Retail Centers

1. Retail Center in Kennesaw, GA: 19,173 SF well maintained retail center on 1.38 ac outparcel to Toy’s R Us in growing Atlanta suburbs. Adjacent to Power Center with Home Goods, T-J-Maxx and Marshalls. Across from Town Center at Cobb and between I-75 and I-575. 93% NNN leased. $2.88M. 8% cap.
2. Retail Center in Tampa, FL: 17,935 SF retail center built in 2004 on over 2 ac outparcel to Super Walmart. Good tenant mix including: GameStop, Amscot and Show-Me’s Bar & Grill. 82% leased with mostly NNN leases. Actual NOI $285K/yr. $3.8M. 7.51% cap. Upside potential when fully leased.
3. HHGregg in Chesapeake, VA: 25,150 SF single-tenant retail building constructed in 2010 on over 2 ac lot in growing Norfolk suburbs. Adjacent to Kohl’s, Walmart Supercenter and Sam’s Club. Near 900,000 SF Greenbrier Mall. On on/off ramp of I-64. 15-yrs NNN lease with 11-yrs left to Gregg Appliances Inc. (a regional, publicly traded company, NYSE: HGG) with 228 stores. NOI $401K/yr with rent bumps every 5-yrs. $5.517M. 7.27% cap.
4. Office Building in Littleton, CO: 12,180 SF Class-B multi-tenant office building completed in 2000 on .69 ac lot in a growing and high income (AHI $98K/yr in 3 miles) Denver suburbs. 100% leased to seven tenants. NOI $71K/yr. $975K. 7.33% cap.
5. U-Like Buffet in Tucson, AZ: 9625 SF highly-rated-on-Yelp buffet restaurant redeveloped in 2012 on 1.47 ac corner lot. Close to Park Place Mall and Kindred Hospital Tucson. 10-yrs NNN lease with 7-yrs left to an operator with 7-units. NOI $138K/yr with a rent bump in 2016. $1.652M. 8% cap.
6. EZ Pawn in Houston, TX: 3640 SF well maintained retail building on .57 ac corner lot in growing upper middle class area. Tenant has been at this location for over 45-yrs. Near Memorial Herman Northwest Hospital and I-610. 100% NNN lease with 5-yrs left. 6% cap. NOI N/A.
7. Neighborhood Center in Palmdale, CA: 96,352 SF shopping center on over 5 ac lot anchored by 99 Cents Only in Los Angeles County. Shadow anchored by Home Depot and Sears Outlet. Next to Hwy-14 and near Antelope Valley Mall. NNN leased. NOI $613K/yr. $10.225M. 6% cap.
8. Office Building in Westport, CT: 10,940 SF Class-B office building on .61 ac lot in affluent (AHI $146K/yr in 3 mile radius) New York coastal town. 79% leased to multiple tenants. Pro forma NOI $201K/yr. $2.8M. 7.20% pro forma cap.
9. Shopping Center in Katy, TX: 40,000 SF attractive shopping center in growing (119% growth since 2000) and upper middle class (AHI $83K/yr) Houston suburbs. 90% leased. NOI $294K/yr. $3.5M. 8.40% cap.
10. Retail Center in Washington Township, MI: 17,561 SF attractive retail center in high income Detroit suburbs with an AHI of $91K/yr in 3 miles. Near Hwy-53. Good tenant mix including: Great Clips, UPS Store, AAA Insurance, Expert Eyes, Miracle Ear and more. 100% NNN leased. NOI $217K/yr. $2.588M. 8.40% cap.

            (c) Transmercial 2014

10-28: MOB, Shopping Centers, Retail Centers

1. Retail Center in Phoenix, AZ: 12,980 SF retail center built in 2008 on 1.38 ac lot in fast growing area. Close to I-17. 100% leased. NOI $271K/yr. $3.65M. 7.44% cap.
2. Neighborhood Center in Indianapolis, IN: 50,107 SF well maintained shopping center on over 5 ac lot anchored by 21,500 SF Jo-Ann Fabric. Adjacent to 963,000 SF Washington Square Mall, with Target, Sears, Dicks Sporting Goods and Burlington Coat Factory. 90% NNN leased.  Actual NOI $401K/yr. 4.34M. 9.25% actual cap. Upside potential.
3. Shopping Center in Powel, OH: 49,810 SF shopping center constructed in 2001 on 7.78 ac lot anchored by Discount Drug Mart, a regional tenant with 71 stores. Great demographics: 116% pop growth since 2000 and AHI of $123K/yr in a 3 mile ring. Close to Columbus Zoo and Aquarium. 89% leased. NOI $578K/yr. $6.975M. 8.30% cap.
4. Retail Center in Friendswood, TX: 33,379 SF retail center built in 1996 on 2.46 ac lot in fast growing and affluent Houston suburbs with an AHI of $140K/yr in 1 mile. Adjacent to H-E-B Grocery. 100% NNN leased. 8.5% cap. NOI N/A.
5. Retail Center in Toledo, OH: 21,000 SF retail center completed in 2002 on 2.78 ac lot along main corridor. With easy access to I-475. 100% NNN leased. NOI $185K/yr. $2.16M. 8.60% cap.
6. Neighborhood Center in Glendale Heights, IL: 58,251 SF well kept shopping center on 2.60 ac lot along main thoroughfare and in high income (AHI $83K/yr) Chicago suburbs. 88% leased. NOI $428K/yr. $4.95M. 8.66% cap.
7. MOB in Lake Worth, FL: 34,753 SF Class-B medical office building constructed in 2009 on 1.72 ac lot at major artery and with easy access to Hwy-93. 94% leased to multiple tenants. NOI $833K/yr. $11.49M. 7.25% cap.
8. Retail Center in Aurora, IL: 11,485 SF attractive retail center built in 1998 on 1.26 ac lot in growing Chicago suburbs. 84% leased. Pro forma NOI $183K/yr. $1.995M. 9.21% cap.
9. Shopping Center in Mentor, OH: 103,910 SF well maintained shopping center on over 9 ac lot anchored by Big Lots in Cleveland suburbs. Near on/off ramp of Hwy-2. 91% leased. Actual NOI $517K/yr. $6.47M. 8% cap.
10. Retail Building in Hayward, CA: 18,690 SF two tenant retail center on over 1 ac lot in San Francisco Bay Area. 100% NNN lease to Aaron’s and Larry’s Tire Express. NOI $203K/yr. $3.252M. 6.25% cap.

            (c) Transmercial 2014

10-27: MOB, Office Buildings, Retail Centers, Shopping Centers

1. MOB in Cherry Hill, NJ: 23,000 SF Class-B single-tenant medical office building in high income (AHI $94K/yr in 3 mile ring) Philadelphia metro. Close to Kennedy Hospital and I-295. 100% NNN lease with 5-yrs left to Penn Medicine. NOI $430K/yr. $5.377M. 8% cap.
2. MOB in Maryville, IL: 31,567 SF attractive multi-tenant medical office building on 3 ac lot anchored by DaVita Dialysis Center in growing and high income St. Louis suburbs with an AHI of $92K/yr. Near Anderson Hospital. 91% NNN leased with a strong mix of medical tenants. NOI $454K/yr. $6.35M. 7.15% cap. Upside potential.
3. MOB in Merrillville, IN: 37,328 SF multi-tenant medical office building constructed in 1994 on 5.71 ac lot in Chicago suburbs. Adjacent to Methodist Hospital. 97% NNN leased. NOI $481K/yr. $6.3M. 7.64% cap.
4. Shopping Center in Omaha, NE: 35,206 SF well maintained shopping center on 3 ac lot. Near 145-bed Children’s Hospital and Medical Center & newly proposed redevelopment Crossroad Mall.  91% leased to national and local tenants. NOI $297K/yr. $3.575M. 8.32% cap.
5. MOB in Westfield, NJ: 12,000 SF Class-B recently renovated medical office building in affluent (AHI $130K/yr in 1 mile) New York MSA. NOI $307K/yr. $3.7M. 8.30% cap.
6. Office Building in Livermore, CA: 33,321 SF Class-B office building on over 1 ac lot in growing high income (AHI $106K/yr in 3 mile radius) city East of San Francisco. Close to I-580. 77% leased. NOI $198K/yr. $1.95M. 10.16% cap.
7. MOB in Homewood, AL: 27,915 SF Class-A multi-tenant medical office building completed in 2010 on  Hospital campus of 631-bed Brookwood Medical Center, an affiliate of Tenet Health in Birmingham suburbs. 100% NNN leased to four tenants. 7% cap. NOI N/A.
8. MOB in Whippany, NJ: 22,000 SF medical office building completed in 2005 on 2.39 ac lot in affluent (AHI $112K/yr) New York metro. Near I-287. 100% NNN leased to Ambulatory Surgical Center, Endoscopy Center, Pediatric Group and a Physical Therapy/Wellness Group. NOI $474K/yr. $6.5M. 7.30% cap.
9. Office Building in Bentonville, AR: 32,000 SF Class-B office building on 2.53 ac lot across from Northwest Medical Center-Bentonville. 100% NNN leased with good tenant mix. NOI $306K/yr. $3.55M. 9.05% cap.
10. Retail Center in Hialeah, FL: 24,322 SF 20-units retail center built in 2002 on 1.35 ac lot in Miami suburbs. Close to I-75. 90% leased. NOI $175K/yr. $2.5M. 7% cap.  

            (c) Transmercial 2014