06-27: Shopping centers, Walgreens, Medical office building Burger King, McDonald

1.       Shopping Center in Fort Worth, TX: 28,344 SF shopping center built in 2005 on 4.65 acres parcel in front of Wal-mart.  89% NNN leased to 9 tenants, 5 of them national tenants.  Pro forma NOI $442K/yr. $5.3M. 8.36% cap.

2.       Shopping Center in Downers Grove, IL: 31,196 SF shopping center on 4.5 acres site in upper middle-class (AHI $88K/yr) Chicago suburbs.  91% leased.  NOI $426K/yr. $4.9M. 8.7% cap.

3.       Walgreens in Torrington, CT: 15,120 SF drug store on 1.5 acres lot. Store with strong sales revenue of over $10M/yr.  NOI $440K/yr. $6.07M. 7.25% cap.

4.       Laundromat in Huntington park, CA: 4972 SF single-tenant retail center on ¼ ac lot in densely populated area in Los Angeles (close to 1M residents in 5 miles).  100% NNN long term leased to a Laundromat operator.  NOI $60K/yr. $1M. 6% cap.

5.       Medical Office Building in Cedar Park, TX: 30,622 SF 2-story medical office building developed in 1999 in a fast growing and high income Austin suburbs.  80% leased.  Current NOI $384K/yr.  $5.5M. 7% cap.  Upside potential when 100% leased.

6.       Office Building in Ann Arbor, MI: 31,508 SF class-A office building on 2.58 acres lot in high income area.  Near I-94 and minutes from the University of Michigan.  100% NNN leased to Cybernet, a research company in medical and defense fields  (named the Best of the Best Michigan business in 2009).  NOI $287K/yr. $3.029M. 9.5% cap.

7.       Burger King in Apple Valley, CA: 5684 SF Burger King restaurant with kids playplace built in 1996 on .98 acre lot near K-mart and Food 4 Less.  8 yrs NNN lease.  NOI $80K/yr with 10% rent bump every 5 yrs.  $1.23M. 6.5% cap.

8.       McDonalds in Colorado Springs, CO: 4000 SF McDonalds on 1.49 acres lot near I-25 exit and Walmart.  20 yrs NNN ground lease (land is for sale).  NOI $80K/yr. $1.066M. 7.5% cap.

© Transmercial 2011.

06-24: SEMINAR CANCELLED. Medical Office Building, Jack In the Box, Short sale shopping centers, Bank United, Starbucks

Please be advised that the seminar/webinar scheduled for June 25 has been postponed.  Transmercial will announce the new date in the future.  Sorry for any inconveniences this may cause.

1.       Medical Office Building in Spring, TX: 17,369 SF established medical office building in affluent Houston suburbs (AHI $120K/yr in 1 mile).  85% NNN leased to 6 tenants (5 medical/dental) with 2 small avail units (one of current tenants is negotiating to expand).  Current NOI $157K/yr. $1.65M. 9.55% cap.  Upside potential when 100% leased.

2.       Shopping Center in Humble, TX: 91,078 SF shopping center on 4.73 acres lot with US-59 frontage and near Houston Intercontinental Airport.  100% leased with 7 national tenants: Ashley Furniture, Chili’s, Popeye’s Chicken & Biscuits, Souper Salad, Oreck Floor Care, Pearle Vision and Comcast Cable.  NOI $1.06M. $11.195M. 9.5% cap.

3.       Jack In The Box in San Antonio, TX: 2760 SF JIB on .69 ac lot.  100% NNN corp lease with 9 yrs remaining.  NOI $105K/yr with CPI –based rent bump not to exceed 9% every 5 yrs (next on in 2012).  $1.545M. 6.8% cap now (est. 7.4% in 2012).

4.       Short sale Apartments in Dallas, TX: 120-unit apartments built in 1983 on 8.94 acres lot in high income area (AHI $87K/yr in 1 mile). 74% occupied.  Proforma NOI $329K/yr. $2.75M. 12% cap.

5.       Medical Office Building in Smyrna, GA: 14,218 SF class-A medical office building on a corner lot in high income Atlanta suburbs (AHI $87K/yr).  100% NNN leased to WellStar Urgent Care, WellStar Allergy & Immunology Clinic, WellStar Rheumatology, Patrick Family Dentistry and Physicians Weight Loss / ObGyn Clinic.  NOI $270K/yr. $3.6M. 7.5% cap.

6.       Shopping Center in Reno, NV: 53,314 SF shopping center on 3.97 acres corner lot.  NOI $530K/yr. $5.3M. 10% cap.

7.       Strip Center in Joliet, IL: 10,595 SF retail center in Chicago suburbs.  Adjacent to CVS.  83% NNN leased to 2 national tenants: Advance Auto and Jimmy Johns Sandwiches with1 vacant unit.  NOI $198K/yr. $2.6M. 7.75% cap.

8.       Short sale Shopping Center in Mauldin, SC: 18,752 SF 5 yr-old 9-unit shopping center on 2.8 acres lot in fast growing and high income Greenville metro.  70% leased.  Proforma NOI $220K/yr. $2.449M. 9% cap.

9.       Bank United in Saint Petersburg, FL: 4150 SF Bank United building on 1.25 acres lot.  New 12 yrs NNN-.  NOI $104K/yr. $1.398M. 7.5% cap.

10.   Starbucks in Kokomo, IN: 1800 SF free-standing Starbucks built in 2008.  100% NNN- leased with 8 yrs remaining.  NOI $93K/yr with 10% rent bump every 5 yrs. $1.12M. 8.37% cap

© Transmercial 2011.

06-23: SENINAR POSTPONED. Hardee's, Fresenius, Pick 'n Save, Walgreen's, apartments

Hi,

Please be advised that the seminar/webinar scheduled for June 25 has been postponed.  Transmercial will announce the new date in the future.  Sorry for any inconveniences this may cause.

1.     Hardee’s in Jacksonville, FL: 3903 SF restaurant across Food Lion grocery store at signalized corner location near I-295.  New 20-yrs absolute NNN corp lease. NOI $83K/yr with 10% rent increases every 5 years.  $1.118M. 7.5% Cap.

2.     Strip Center in Palos Heights, IL: 5217 SF strip center on .72 ac lot with excellent visibility/signage & close to Palos Community Hospital/Hwy-83 in middle-class ($AHI $80Kyr) Chicago metro.  Long-term NNN leased. NOI $136K/yr.  $1.882M. 7.25% Cap.

3.     Fresenius Dialysis Center in Chicago, IL: 7540 SF attractive medical building on .42 ac lot  in densely populated city. 100% NNN leased to a major provider of kidney dialysis services. NOI $174K/yr. $2.411M. 7.25% Cap.

4.     Strip Center in Portland, OR: 10,261 SF well-maintained strip center across from anchored Safeway center in close proximity to I-84. NNN leased. NOI $100K/yr.  $1.250M. 8% Cap.

5.     Pick ‘n Save in Milwaukee, WI: 60,969 SF grocery store next to Menards along main retail corridor. Long NNN- lease till 2025. $526K/yr with rent increases every 5 years. $6.1M. 8.63% Cap.

6.     REO Apartments in Dallas, TX: 200 units 2-story well-maintained multifamily building on 11.89 ac lot & close to I-635/30. 2/3 bedroom unit mix. 89% Occupied. NOI $261K/yr. $2.750M. 9.51% Cap.

7.     Retail Center in Corona, CA: 7109 muti-tenant retail center on .4 ac corner outparcel to Vans Supermarkets anchored shopping center. 100% leased. NOI $179K/yr. $2.4M. 7.5% Cap.

8.     Strip Center in Orlando, FL: 9729 SF strip center built in 2005 across Winn Dixie anchored center. NOI $220K/yr. $2.2M. 10% cap.

9.     Walgreen’s in Fort Worth, TX: 13,833 SF pharmacy conveniently located at busy corner intersection with ease access to I-80 and I-30. 100% NNN- lease till 2018. NOI $294K/yr. $3.168M. 9.31% Cap.

10.   Shopping Center in Houston, TX: 21,125 SF recently constructed shopping center on 1.87 ac lot near Beltway-8. 76.8% Leased. NOI $179K/yr. $2.4M. 7.47% Cap. Upside potential when fully leased.

© Transmercial 2011.

06-22: O'Reilly Auto, Dollar Tree, Walgreen's, Denny's, Office building

1.     O’Reilly Auto in Indianapolis, IN: 7000 SF fully renovated auto parts store on 1.08 ac lot near Castleton Square Mall, I-69 and I-465. 19-yrs remaining on original NNN- lease. NOI $110K/yr with rare 8% rent bumps every 5-yrs. $1.446M. 7.5% Cap.

2.     O’Reilly Auto & Dollar Tree in White Lake, MI: 21,600 SF retail center renovated in 2009 on 2.37 ac lot in affluent (AHI $106K/yr within 3-mile radius)) Detroit suburbs.  100% NNN- leased by 2 national tenants. NOI $159K/yr. $1.830M. 8.7% Cap.

3.     Walgreen’s in Tucson, AZ: 15,525 SF drug store built in 1996 on 1.96 ac lot at a signalized corner location near Tucson Mall. NNN- corp lease till 2016. NOI $249K/yr. $3.115M. 8% Cap.

4.     Shopping Center in Charlotte, NC: 45,908 SF shopping center anchored by Food Lion grocery store at a busy signalized intersection. 100% NNN leased. NOI $324K/yr. $3.504M. 9.25% Cap.

5.     Strip Center in Orlando, FL: 9375 SF retail center renovated in 2001 across from Florida Mall which is anchored by Saks Fifth Avenue, Dillard’s, Nordstrom, Macy’s, Sears and JC Penny.  100% leased. NOI and price not avail.

6.     Retail Center in Crete, IL: 10,200 SF well maintained retail center at highly visible location in growing prosperous (AHI $101K/yr within 1-mile) Chicago suburbs near I-394. 100% leased. NOI $128K/yr.  $1.425M. 9% Cap.

7.     Office Building in Lincoln, NE: 41,921 SF Class-B multi-tenant office building on 3.20 ac lot in upscale neighborhood. 89% NNN leased. NOI $410K/yr. $4.750M. 8.65% Actual Cap. Upside Potential.

8.     Denny’s in Jacksonville, FL: 5390 SF restaurant on 1.19 ac corner lot location in close proximity to Regency Square Mall next to Hwy-9A. Well performing store (2010 sales $1.873M). Absolute NNN lease till 2027. NOI $159K/yr. $2.123M. 7.5% Cap.

9.     Strip Center in Longview, WA: 8484 SF strip center next to Lower Columbia College  at hard corner location. 100% leased. NOI $126K/yr. $1.8M. 7% Cap. 

© Transmercial 2011.

06-21: Dennys, Rite Aid, Walgreens, Shopping Centers, Apartments, AutoZone

1.       Dennys in Altamonte, FL: 5390 SF restaurant on 1 ac corner lot near I-4, 160-store Altamonte Mall and Florida Hospital Altamonte (the county's only comprehensive cancer care).  100% absolute NNN lease till 2027 to an operator with 52 Dennys and 74 Burger King locations.  NOI $151K/yr with 4% rent bump in 1/2013 and 10% every 5 yrs thereafter.  $2.016M. 7.5% cap.

2.       Office Building in Arlington, TX: 17,158 SF office building developed in 2000 on 1.28 acres lot near I-30  in middle-class Dallas metro.  100% leased.  NOI $198K/yr. $2.3M. 8.5% cap.

3.       Rite Aid in Cheswick, PA: 10,908 SF drug store on 1.13 acres corner lot in Pittsburgh suburbs. Store with strong sales.  100% absolute NNN lease with 9 yrs remaining.  NOI $223K/yr. $2.26M. 11% cap.

4.       Shopping Center in Bellflower, CA: 59,960 SF well-maintained shopping center on 5.97 acres corner lot in densely populated city in Los Angeles (over 700K residents within 5 miles).  Anchored by 11,747 SF Fresenius Dialysis center.  76% leased.  Current NOI $676K/yr.  $8.75M. 7.73% cap.  Upside potential when 100% lease.

5.       Walgreens in Houston, TX: 15,120 SF drug store built in 2000 on 1.74 acres lot at a hard corner in high income area.  100% NNN- with 9 yrs remaining.  NOI $284K/yr. $3.66M. 7.75% cap.

6.       Shopping center in Oklahoma City, OK: 66,805 SF shopping center built in 2007 on 9.48 acres lot in prime commercial corridor near 1.128M SF 130-store Quail Springs Mall.  Surrounded by Sam’s Club, Super Target, Best Buy,  Pets Mart, Lowes, Ross, Old Navy, Michaels.  Anchored by 48,171 SF Gold’s Gym with new 11 yrs NNN lease.  100% leased to 5 tenants.  NOI $791K/yr.  $9.045M. 8.75% cap.

7.       Apartments in Las Vegas, NV: 192-unit fully furnished apartments built in 1998 on 3.8 acres lot. NOI $472K/yr. $5.5M.  8.58% cap.

8.       Strip Center in Odessa, TX: 9000 SF strip center on 1 ac lot next to Wal-mart.  100% NNN leased.  NOI $130K/yr. $1.53M. 8.5% cap.

9.       Retail Center in Las Vegas, NV: 8600 SF retail center built in 2007 on 1 ac lot.  Shadow anchored by Fresh & Easy and AutoZone.  100% leased to 4 tenants.  NOI $193K/yr. $2.5M. 7.8% cap.

10.   AutoZone in Pomona, CA: 6050 SF AutoZone built in 1997 on .79 acre corner lot with over 400K residents in 5 miles.  Store with strong sales.  Corp lease.  NOI $127K/yr. $1.695M. 7.53% cap.

© Transmercial 2011.

06-20: Shopping centers, Sunbelt Rentals, Starbucks, Office Buildings

1.       Shopping center in Florissant, MO: 101,323 SF shopping center in St. Louis metro.  Anchored by Shop N Save supermarket with 42 locations in St Louis. 98% leased. NOI $875K/yr. $11.293M. 7.75% cap.

2.       Office Building in Sunrise, FL:  11871 SF single-tenant class-A office building on 2 ac lot in Fort Lauderdale metro.  10 yrs NNN lease to Cinergy Health, a profitable national health insurance company with $70M in revenue.  NOI $312K/yr with CPI-based annual rent bump. $3.2M. 9.75% cap.

3.       Shopping Center in Lincoln, CA: 20,765 SF shopping center built in 2005 on 2.33 acres lot in fast growing upper middle class Sacramento suburbs (AHI $99K/yr in 1 mile).  90% NNN leased.  Tenants include Wells Fargo, Sunset Deli, Mina's Coffee Shop, a convenience store, Coldwell Banker, a CPA.  NOI $535K/yr. $6.957M. 7.7% cap.

4.       Distressed Retail Center in Gilbert, AZ: 5496 SF strip center built in 2004 in high income Phoenix metro (AHI of $90K/yr in 1 mile).  Shadow anchored by Walgreens.  100% leased to 4 tenants: Hertz, Edward Jones, Taco Shop and Chiropractor. NOI $99K/yr. $1.05M. 9.47% cap.

5.       Sunbelt Rentals in Orange Park, FL: 15,370 SF single-tenant retail center in high income Jacksonville metro.  100% leased to Sunbelt Rentals, an equipment rental company with 398 locations.  NOI $135K/yr.  $1.421M. 9.5% cap.

6.       Mi Pueblo Marketplace in Pittsburg, CA: 50,173 SF grocery store completely remodeled in 2009.  Next to Hwy 4 off ramp. 15 yrs NNN leased to Mi Pueblo Foods, a fast growing regional chain.  NOI $835K/yr. with 10% rent bump every 5 yrs.  $11.93M. 7% cap.

7.       Starbucks in Clarksville, TN: 1850 SF Starbucks built in 2006 on .93 ac lot across Wal-mart Supercenter, Kmart, Food Lion in high income town.  100% NNN- with 5 yrs remaining.  NOI $91K/yr. $1.009M.  9.1% cap.

8.       Office Building in Aurora, IL: 38,400 SF class-A office building constructed in 1994 in Chicago metro.  81% NNN leased to Dryer Medical Clinic since 1994.  NOI $481K/yr. $5.25M. 9.17% cap.  Upside potential when full leased.

© Transmercial 2011.

06-17: Denny's, apartments, DaVita, Retail center

1.       Denny’s in Orlando, FL: 4765 SF restaurant on 1.13 acres lot in a growing and high income near the airport.  100% NNN leased till 2027 to an operator with 52 Dennys.  NOI $82K/yr with 4% rent bump in 2013 and 10% rent bump every 5 yrs thereafter.  $1.1M. 7.5% cap.  Note: this transaction is restructured as follows: NOI $60K/yr.  $750K. 8% cap.  With the low rent, the business with $943K in revenue (low 6.36% rent to income ratio) is profitable.

2.       Apartments in Bay Point, CA: 63-unit apartments in near Concord.  90% occupied.  NOI $258K/yr. $2.825M.  9.13% cap.

3.       Childtime Learning Center in Midlothian, VA: 6380 SF Childtime day care center on .8 ac lot in affluent Richmond metro (AHI $100K/yr in 3 mile).  100% NNN corp lease.  NOI $89K/yr. $1.115M. 8% cap.

4.       Apartments in Austin, TX: 248-unit apartments in a stable market.  Pro forma NOI $910K/yr.  $9.5M. 9.58% cap.

5.       DaVita in Redwood City, CA: rare 8190 SF dialysis center on .57 acre lot across from Kaiser Permanante in an affluent Silicon Valley town (AHI $145K/yr in 5 mile).  Completely remodeled in 2009.  10 yrs NNN corp lease with 9 yrs remaining.  NOI $282K/yr with CPI-based annual rent bump. $4.3M. 6.65% cap.

6.       Apartments in Houston, TX: 66-unit apartments in quiet, high income cul de sac.  92% occupied.  NOI $186K/yr. $1.55M. 12% cap.  Just over $23K/unit.

7.       Retail Center in Murrieta, CA: newer 53,000 SF retail center on 5.1 acres lot in fast growing (102% since 2000) and high income (AHI $98K/yr).  Adjacent to Wal-mart and I-15.  NOI $600K/yr. $7.999M. 7.5% cap.

© Transmercial 2011.

06-16: Walgreen's, Tire Pros, Kids R Kids, Medical, Professional buildings, Shopping Centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+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. Apartments in Phoenix, AZ: 173-units well-maintained multifamily property with excellent units mix near park/light rail/Mall and Hwy-17. 90% leased. NOI $425K/yr. $4.25M. 10% Cap. 
2. Retail Center in Granite Bay, CA: 6,092 SF retail center built in 2003 across from Safeway and Staples along main boulevards in fast growing & affluent (AHI of $110K/yr in 1 mile) Sacramento metro. 74.72% leased.  NOI $129K/yr. $1.495M. 8.67% Actual Cap. Upside potential. 
3. Shopping Center in Glendale Heights, IL: 89,631 SF shopping center with good tenant mix: La Rosita grocery store, Dollar Tree, Fresenius Dialysis Clinic and Hair Design. Across from Menards at a signalized intersection in middle-class Chicago suburbs. 93% NNN leased. NOI $758K/yr. $9.14M. 8.30% Cap. 
4. Shopping Center in Gastonia, NC: 61,996 SF shopping center built in 1993 on 8.50 ac lot at a busy signalized corner location in growing city in Charlotte suburbs.  Anchored by Bi-Lo grocery store and Family Dollar NOI $476K/yr. $5.25M. 9% Cap. 
5. Walgreen’s in Jacksonville, FL: 13,845 SF pharmacy on 10 ac lot. Across Winn Dixie grocery store. 6-years remaining or original NNN-lease. NOI $215K/yr. $2.662M. 8.08% Cap.  Potential lot subdivision and development. 
6. Tire Pros in Chandler, AZ: 6429 SF retail shop built in 2005 on .81 ac lot at high traffic location in high income Phoenix metro. 100% NNN leased to a successful chain Tire Pros with 300+ locations. NOI 96K/yr. $1.018M. 9.5% Cap.
7.  Shopping Center in Moreno Valley, CA: 36,175 SF shopping center on 3.31ac lot near Fwy-60 off-ramp. Anchored by CVS,  dd’s Discount (owned by Ross) and Dollar Tree. 100% NNN leased. NOI $205K/yr. $3.8M. 5.4% Cap. Only $105.04 Per SF.
8.  Kids R Kids in Lexington, KY: 13,550 SF established day care center built in 1999 on 1.50 ac lot   in well-off ($78K/yr within 1-mi radius) neighborhood. New 15-years absolute NNN lease. NOI $198K/yr with 10% rent increases every 5 years. $2.15M. 9.21% Cap. 
9. Medical/Professional Building in Charlotte, NC: 5546 SF multi-tenant medical/professional building in close proximity to Carolinas Medical Ctr-Pineville Hospital, I-485 and Hwy-51. 100% leased. NOI $111K/yr. $1.3M. 8.5% Cap. 
10. REO Retail Center in Port Charlotte, FL: 9760 SF retail center built in 1996 on 1.03 ac lot along main retail corridor. 85% NNN leased. NOI $52K/yr. $700K. 7.5% Actual Cap. Upside potential when fully leased.

© Transmercial 2011.

06-15: Advance Auto, Car Care center, Retail centers, Fresh & Easy, KFC, Carl's Jr

1.       Advance Auto Parts in West Allis, WI:  7504 SF Advance Auto built in 2007 on 1.14 acres lot in Milwaukee metro.  15 yrs NN corp lease with 12+ yrs remaining.  NOI $139K/yr. $1.737M. 8% cap.

2.       Car Care Center in Lake in the Hills, IL: 10,545 SF Car care center built in 1997 on 1.14 acres lot in upper middle-class Chicago suburbs (AHI $98K/yr w/i 3 mile).  100% leased to 3 tenants: Marco Muffler & Brakes, Weber Automotive, and Handle With Care Carwash.  NOI $145K/yr. $1.05M. 9.63% cap.

3.       Retail Center in Laveen, AZ: 14,446 SF inline retail center on 1.5 acres lot as part of a 106,800 SF shopping center anchored by Safeway, and BofA in Phoenix metro. Across the street from Home Depot, Fry’s Supermarket, Walgreens, CVS drug, and LA Fitness.  100% NNN leased to 7 good tenants: UPS store, Urgent Care center, Fantastic Sams, Papa John’s, Pacific Dental, Nail salon, and Chiropractor.  NOI $325K/yr. $4.34M. 7.5% cap.

4.       Fresh & Easy in Avondale, AZ: 14,390 SF Fresh & Easy market in Phoenix metro.  20 yrs NNN ground lease (land is for sale, tenant owns the building) with 18 yrs remaining.  NOI $120K/yr. $1.714M. 7% cap.

5.       Jiffy Lube in La Habra, CA: 1937 SF Jiffy Lube on .39 acre lot at a hard corner in high income area.  100% NNN lease.  NOI $78K/yr with 4% annual rent bump. $1.197M. 6.5% cap.

6.       Executive Center in San Diego, CA: 24,317 SF 2-story class-A office building completed in 2005 on 1.7 acres lot.  100% occupied by 9 tenants.  NOI $489K/yr.  $6.2M. 7.9% cap.

7.       Office Building in The Woodlands, TX: 11,855 SF brick office building on 2/3 ac lot in affluent (AHI $125K/yr in 3 miles) Northern Houston suburbs.  100% leased.  NOI $155K/yr. $2.1M. 7.4% cap.

8.       KFC in Omaha, NE: 2784 SF KFC on .8 ac lot in high income area (AHI $85K/yr in 3 mile).  New 20 yrs absolute NNN lease to an operator with 64 units.  NOI 90K/yr with 10% rent bump every 5 yrs.  $1.161M. 7.75% cap.

9.       Retail center in Reno, NV: 10,965 SF retail center in growing middle class area.  100% leased.  NOI $88K/yr. Appraised at $1.4M.  $1.28M. 7% cap.

10.   Medical Office Building in Orlando, FL: 53,000 SF 3-story lake-front medical office building on 4.25 acres lot adjacent to Orlando Regional Medical Center (ranked nationally in 2 pediatric specialties). 100% leased to 2 AAA credit tenants: Nemours Foundation and Mid-Florida Cardiology.  NOI $720K/yr. $7.5M. 8.86% cap.

© Transmercial 2011.

06-14: Shopping center, Hardees, Apartments, Rite Aid, Gated Resort

1.       Shopping Center in the Woodlands, TX: 64,206 SF shopping center on 7 acres lot in fast growing and middle class Northern Houston suburbs.  Near I-45.  Anchored by HEB supermarket and Big Lots!  100% NNN leased.  NOI $421K/yr. $4.9M. 8.6% cap.

2.       Hardees in St Petersburg, FL: 2652 SF restaurant on ¾ ac lot at a signalized intersection.  New 20 yrs absolute NNN corp lease.  NOI $108K/yr. $1.44M. 7.5% cap.

3.       Apartments in Houston, TX: 126 unit apartments in  NW Houston with enclosed swimming pool.  91% occupied.  Pro forma NOI $227K/yr. $2.3M. 9.9% pro forma cap.  Just over $18K/unit.

4.       Short sale Apartments in Las Vegas, NV: lender-approved short sale of 244 unit apartments on 8.13 acres lot.  Property was acquired in 2006 for $14.5M.  Proforma NOI $1.06M.  $8.4M. 12.64 pro forma cap.

5.       Office Building in Desoto, TX: 19,111 SF office building on 1.46 acres lot in Dallas metro.  91% leased.  NOI $144K/yr. 1.6M. 9% cap.

6.       Rite Aid in Reading, MA: 13,611 SF drug store in affluent Boston suburbs (AHI $99K/yr in 1 mile).  New 20 yrs absolute NNN lease.  NOI $303K/yr with 10% rent bump every 10 yrs.  $3.469M. 8.75% cap.

7.       Strip Center in Las Vegas, NV: 13,727 SF strip center built in 1996.  Across from Santa Fee Station casino and off US-95.  NOI $179K/yr. priced to sell at $1.999M 9% cap.

8.       Multi family in Redwood City, CA: 5050 SF 5-plex with 5 individual garages in the middle of Silicon Valley.  100% occupied.  NOI $52K/yr. $978K. 5.35% cap.

9.       Gated Resort in Kissimmee, FL: 79 gated resort with 7000 SF club house, pool, lakes, children play area, gym, hot tub, and 34 single family attached homes.  Site is approved for additional 780 homes.  Bank has $18M lien on the property.  All for $5M.

© Transmercial 2011.

06-13: Save mart, Shopping Centers, Advance Auto, Family Dollar, Office Building

1.     Save Mart Supermarket in Chowchilla, CA: 46,500 SF Save Mart grocery store built in 2008 on 4.75 ac lot in growing town next to Hwy-99. Regional tenant with 240 stores in CA and NV. 17 years remaining on NNN lease. NOI $287K/yr. Price reduced from $4.2M to $3.825M. 7.5% Cap.

2.     Shopping Center in New Haven, CT: 49,146 SF shopping center on busy corridor close  to Lowes/Wal-Mart and Hwy-91. Shadowed anchored by Aldi Food market, an international grocery chain.  93% NNN leased. NOI $574K/yr. $7.66M. 7.5% Cap.

3.     Strip Center in Shelby Township, MI: 19,000 SF strip center with excellent tenant mix: O’Reilly Auto Parts, Curves, Hairlines and Thai Cuisine and next to Aldi Supermarket in middle class Detroit suburbs. 83% leased. NOI %153K/yr. $1.525M. 10.04% Cap.

4.     Advance Auto Parts in Elizabeth, NJ: 7000 SF 4-years old retail in densely populated middle class city. Sales above national average. 11½ years remaining on original 15-years NNN- corp lease. NOI $257K/yr. $3.115M. 8.25% Cap.

5.     Bank-owned Borges Supermarket in Homeland, FL: 19,440 SF successful grocery store close to Miami-Dale College Campus/South Dale Adult Education Center. Short-term NNN lease. Tenant would consider staying. NOI $178K/yr. $1.508M. 11.80% Cap.

6.     Retail Center in Collegeville, PA: 10,664 SF well-maintained retail center on 1.68 ac lot in affluent (AHI $98K/yr within 1-mile radius) Philadelphia suburbs. 100% NNN leased. NOI $133K/yr. $1.725M. 7.72% Cap.

7.     Strip Center in Killeen, TX: 10,186 SF newly constructed retail center next to Wal-Mart at densely retail location near Hwy-190. 100% NNN leased to four tenants and ATM. NOI $238K/yr. $2.986M. 8% Cap.

8.     Family Dollar in Miami, FL: 8238 SF recently renovated free-standing retail building at a major signalized corner location. 10-years NNN- corp lease. NOI $163K/yr with 10% rent increases every 5 years. $2.113M. 7.75% Cap.  

9.     Office Building in Sarasota, FL: 21,700 SF Class-B upscale multi-tenant office building close to I-75. High income area with AHI of $89K/yr in 1 mile. 98% leased to long-term national tenants.  NOI $238K/yr. $2.650M. 9% Cap.

10.  Shopping Center in Scottsdale, AZ: 29,075 SF beautiful shopping center built in 1995. Shadow anchored by CVS Pharmacy. Very affluent area in Phoenix suburbs (AHI of $166K/yr in 1 mile).  90% leased to eight tenants. Current NOI $374K/yr. (with 2 tenants not paying rents) $4.750M. 7.89% Cap. Upside potential when fully leased.

© Transmercial 2011.

06-10: FREE Seminar. Retail centers, Carino's, Starbucks, Dennys, La Petite Academy, Kelly Moore, Multifamily

1.       Retail center in Maywood, CA: 28,340 SF single-tenant retail center built in 1993 on 1.8 acres lot with 950K residents within 5 miles ring.  100% leased with 6 yrs remaining to Fellas Parades Discount Store,  a regional tenant with the same owner as Factory 2-U.  NOI $325K/yr. $3.95M. 8.25% cap.

2.       Carino’s Italian Restaurant in Antioch, CA: 6842 SF Carino’s restaurant on 1.41 acres outparcel to a power center anchored by Target, Sport Chalet, Office Depot, Pets Mart, Pier 1 Imports, Bev Mo, Bed Bath & Beyond, Old Navy, and more.   New 15 yrs absolute NNN lease to the largest Carino’s franchisee.  Northern CA city with excellent demographics.  NOI $180K/yr. with 12% rent bump every 5 yrs.  $2.665M. 6.75% cap.

3.       Starbucks in Decatur, AL: 1870 SF Starbucks completed in 2008 on over 1 ac lot.  Adjacent to Wal-Mart and Home Depot.  10 yrs NNN- with 7 yrs remaining and no kick out clause.  NOI $103K/yr. with 10% rent bump in 2013. $1.381M. 7.5% cap.

4.       Medical Office Building in Rio Rancho, NM: 18,060 SF class-A medical office building on 2.58 acres lot across street from Intel.  100% leased. NOI $366K/yr. $4.95M. 7.4% cap.

5.       Denny’s in Orlando, FL: 4765 SF restaurant on 1.13 acres lot in a growing and high income near the airport.  100% NNN leased till 2027 to an operator with 52 Dennys.  NOI $82K/yr with 4% rent bump in 2013 and 10% rent bump every 5 yrs thereafter.  $1.1M. 7.5% cap.

6.       La Petite Academy in Diamond Bar, CA: 7536 SF La Petite Academy childcare center on .83 ac lot near Hwy 57 in upper middle class (AHI $99K/yr) city in Southern CA.  100% absolute NNN corp leased till 2017.  NOI $232K/yr. with annual CPI-based rent bump.  $2.586M. 9% cap.

7.       Chuck E Cheese’s in Mobile, CA: 12,450 SF Chuck E. Cheese’s restaurant/entertainment center on 1.54 acres lot.  100% absolute NNN corp lease with 9 yrs remaining.  NOI $114K/yr. $1.424M. 8% cap.

8.       Kelly Moore Paints in Hayward, CA: 10,000 SF single-tenant retail center on .88 ac parcel.  15 yrs absolute NNN corp lease with 9 yrs remaining.  Kelly Moore has been at this location for 40 yrs.  NOI $134K/yr with CPI-based rent bump every 5 yrs not less than 10%.  $2.066M. 6.5% cap.

9.       Multi Family in Hayward, CA: portfolio of 9 single-family homes on separate parcels in high income San Francisco-Silicon Valley area.  100% occupied.  NOI $141K/yr. $1.975M. 7.53% cap.  Just over $200K/unit.

© Transmercial 2011.

FREE “How to invest in commercial real estate” seminar/webinar. 

Date: Sat June 25, 2011

Time: 8:55AM to noon PST

Place: Transmercial at 1340 Tully Rd.  suite 307.  San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).

Presenter: David Tran

This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:

• Compare commercial vs. residential investment properties.
• Commercial real estate terminology: cap rate, NOI, etc.
• Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
• How to choose a good investment property.
• Investment returns
• When is a best time to invest in commercial real estate?
• National demographic trends that may influence on where to invest
• Where should you invest?  
• Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
• Property Management issues.
• What you should know about financing for commercial properties.
• The offer process, due diligence.

Please use attached form for reservation for both seminar and webinar. Webinar instruction will be emailed 1 week before the presentation date.