11-10: Hardees, Power Center, Retail centers, Office Complex

Welcome new investors.  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 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 names if any indicate safe hyperlinks that you can click for more info.

For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing broker.  If so, please cooperate.

• 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.  Hardee’s in Indianapolis, IN: 3377 SF restaurant on 1.39 ac lot along six-lane highway and next to I-74/465.  New 20-yr absolute NNN corp lease. NOI $100K/yr with 10% rent increases every 5-yrs. $1.312M. 7.65% cap. 
2. Power Center in Glendale, AZ: 74,832 SF power center on 9.79 acres of land next to Hwy-101 in fast growing and affluent (AHI $114K/yr) Phoenix suburbs.  Shadow-anchored by The Home Depot, Staples and Petco.  94% leased to national tenants including Staples, Petco, Mattress Firm, Del Taco, Subway, Papa Murphy's and Panda Express. NOI $1.327M. $17.38M. 7.64% proforma cap.  
3. Shopping Center in Hollywood, FL: 37,802 SF prestigious shopping center in densely-populated North Miami metro.  Anchored by Walgreens Pharmacy. Near Memorial Regional Hospital and Joe DiMaggio Children’s Hospital. 100% leased. NOI $473K/yr. $10M. 7.43% cap. 
4. Retail Center in Livermore, CA: 9300 SF well-maintained retail center in home of Lawrence Livermore National Laboratory with strong and stable workforce. Affluent area with AHI $120K/yr in 5 miles. Shadow-anchored by Rite Aid with national, regional and local tenants. 91% NNN leased. NOI $249K/yr. $2.95M. 8.45% cap.  
5. Shopping Center in Auburn, CA: 24,569 SF flex-space (retail/office/warehouse) center on 1.69 ac lot along Hwy-49 in middle-class Sacramento suburbs. 100% leased to long term tenants. NOI $152K/yr. $1.9M. 8% cap. 
6. Office Complex in Fort Myers, FL: 82,106 SF office complex consisting of five Class-A buildings on 12.65 acres near I-75. 83% NNN leased. Reduced from $10.2M to $7.8M for quick sale. 8% cap.  
7. Shopping Center in Lewisville, TX: 29,079 SF shopping center built in 2005 at high traffic corner location in fast growing & high income (AHI $92K/yr in 1 mile) Dallas suburbs. Shadow-anchored by Wal-Mart Neighborhood Market. 92% NNN leased. NOI $370K/yr. $4.5M. 8.23% cap.  

© Transmercial 2011

11-09: Shopping Centers, LA Fitness, CVS Pharmacy, Driver's Auto Repair

1. Shopping Center in Roswell, GA: 67,318 SF shopping center renovated in 2004 at main retail corridor and across from Hobby Lobby anchored center in growing and well-off (AHI $81K/yr within 3-miles) Atlanta metro. The center includes two outparcels ground leased to Auto Zone and Stone River Legendary Steaks. 100% NNN leased. NOI $783K/yr. $9.55M. 8.2% cap.  
2. LA Fitness in Irving, TX: 45,000 SF fitness center constructed in 2006  on 4.95 acres of land close to North Lake College, Las Colinas Medical Center and next to Fwy-114 in middle-class Dallas outskirts. Long absolute NNN corp lease. NOI $915K/yr with 10% rent increases every 5-yrs. $12.375M. 7.4% cap. 
3. Lender-owned Shopping Center in Moorpark, CA: 21,561 SF attractive shopping center built in 2005 at a signalized corner. In affluent (AHI $125K/yr) city in Southern California. 65% leased. NOI $333K/yr. $4.2M. 7.93% cap. Upside Potential.  
4. Office Building in Millburn, NJ: 14,000 SF multi-tenant office building on .75 ac lot across from train station in prosperous ($186K/yr) New York suburbs. 93% leased. NOI $161K/yr. $2.3M. 7% cap. 
5. CVS Drug store (S&P BBB+) in Shelby Township, MI: 13,013 SF newly constructed pharmacy on 1.93 ac lot at a signalized corner location. In affluent (AHI $124K/yr) North of Detroit. 13+ years remaining on NNN lease. NOI $329K/yr. $4.55M. 7.25% cap. 
6. Strip Center in Fontana, CA: 8024 SF 2-yrs old strip center close to Kaiser Permanente Fontana and I-10 in densely populated Los Angeles suburbs. 100% NNN leased to Kaiser Federal Bank, Andrea Shoes, Medical Office, and Little Caesar Pizza. NOI $276K/yr. $3.68M. 7.5% cap. 
7. Shopping Center in Hilliard, OH: 19,825 SF brand-new shopping center on 3.75 ac lot at high traffic location in fast growing and middle-class Columbus suburbs. 100% NNN leased to credit tenants. NOI $510K/yr. $6.181M. 8.25% cap.  
8. Driver’s Auto Repair in Katy, TX: brand new 5,905 SF full service automotive repair center in fast growing (253.66%) and affluent (AHI $144K/yr) Houston metro. 20-yrs NNN lease to an operator with 7 locations. NOI $177K/yr with 1.5% annual rent increases. $2.218M. 8% cap.

© Transmercial 2011.

11-08: Bank of the West, Apartments, Office Building, Retail Centers

1. Shopping Center in Cleveland, TN: 78,900 SF well maintained shopping center with excellent access to I-75 in Chattanooga suburbs. Anchored by Food Lion Supermarket, Burke’s Outlet, Dollar Tree and across from Wall-Mart and The Bradley Square Mall. 100% leased. NOI $532K/yr. $5.6M. 9.5% cap.  
2. Retail Center in Duluth, GA: 18,820 SF retail center built in 2004 on 1.8 ac lot next to I-85 exit.  High income North East Atlanta suburbs.  100% leased.  NOI $253K/yr.  $2.768M. 9.16% cap. 
3. Shopping Center in Schaumburg, IL: 21,964 SF retail center remodeled in 2005 at a corner lot location and with strong mix of local tenants. In well-off (AHI $85K/yr) Chicago metro. 100% NNN leased. NOI $336K/yr. $3.9M. 8.64% cap.  
4. Bank of the West in Antioch, CA: 5200 SF bank retail condo on an outparcel to CVS, 99¢ Only and Big Lots anchored center in growing city in San Francisco metro.  Across Somerville Towne Center with easy access to Hwy-4. 100% NNN leased till 2016. NOI $190K/yr with 2% annual bumps starting Feb 2012. $2.865M. 6.63% cap.  
5. Retail Center in Scottsdale, AZ: 17,831 SF attractive retail center built in 2003 at main retail corridor and near Hwy-101. In affluent (AHI $113K/yr) North East of Phoenix metro. 77% NNN leased. NOI $304K/yr. $3.566M. 8.55% cap.  
6. Apartments in San Jose, CA: 6-units 2-story well maintained multifamily building just blocks from San Jose State University and close to many downtown attractions. 100% occupied. NOI $69K/yr. $898K. 7.76% cap.  
7. Shopping Center in Abilene, TX: 30,430 SF recently built center shadow anchored by Wal-Mart Supercenter at busy intersection of I-20 and Hwy-351. In growing city just West of Fort Worth/Dallas. 84% NNN leased. NOI $295K/yr. $3.56M. 8.44% cap.  
8. Office Building in Stockton, CA: 12,003 SF high quality built office building constructed in 2010 next to DaVita and Heald College. 100% leased to 4-tenants: DMV, Dept of Rehab, Doctor’s office, and Heald College. NOI $217K/yr. $2.997M. 7.25% cap.

© Transmercial 2011.

11-07: Carl's Jr, O'Reilly Auto, Dollar Tree, Office Depot, Shopping Centers, Office Building

1. Office Depot in Stockbridge, GA: 20,509 SF retail building constructed in 2001 on 2.42 acres adjacent to Lowe’s and Kroger between I-675/I-75 in Atlanta suburbs. 100% NNN leased to national tenant with 5 yrs left. NOI $258K/yr. $2.59M. 10% cap.  
2. Retail Center in Wylie, TX: 14,190 SF high quality and newly constructed retail center on 1.84 ac lot at major retail corridor and near next to Hwy-78 in fast growing & middle-class Dallas suburbs.  Adjacent to Albertson's Supermarket and Home Depot. 90% NNN leased to great tenant mix. NOI $296K/yr. $3.3M. 9% cap.  
3. Carl’s Jr. in McAllen, TX: 3000 SF brand-new fast food restaurant adjacent to Lowe’s, Wal-Mart Super Center and Sam’s Club.  20-years absolute NNN lease by franchisee with 138 restaurants. NOI $147K/yr. $2.1M. 7% cap.  
4. O’Reilly Auto & Dollar Tree in White Lake, MI: 21,600 SF 2-tenant retail building renovated in2009 on 2.37 ac lot in affluent (AHI $106K/yr within 3-mile radius)) Detroit suburbs.  100% NNN- leased. NOI $159K/yr. $1.83M. 8.7% Cap. 
5. Strip Center in Bridgeport, CT: 8774 SF strip center on .68 ac lot at high traffic location. 100% NNN leased by seven tenants. NOI $148K/yr. $1.85M. 8% cap.  
6. Strip Center in Marysville, CA: 6300 SF recently constructed strip center on an outparcel to CVS. On a main retail corridor in growing Yuba City neighborhood just North of Sacramento.  100% NNN lease to Starbucks, Tri Counties Bank, Spoon Me Yogurt and cellular store. NOI $203K/yr. $2.6M. 7.82% cap. 
7. Office Complex in Grapevine, TX: 15,275 SF Class-B multitenant medical & professional office complex on 1.57 ac lot close to Baylor Regional Medical Center and Hwy-114. In growing and affluent (AHI $121K/yr) Dallas metro. 100% NNN leased. NOI $190K/yr. $1.999M. 9.54% cap. 
8. Retail Center in San Diego, CA: 9885 SF well-maintained retail center in densely populated area and close to I-805. 100% leased by four tenants. NOI $117K/yr. $1.465M. 8% cap. 
9. Shopping Center in Victorville, CA: 26,152 SF shopping center on 3.32 acres with excellent tenant mix: Pizza, Café, Laundry, Cleaners, Cosmetic, Salon, Bar, Liquor Store, Nails Shop, Alteration, Weight Control Clinic and Traffic School. In fast growing Los Angeles suburbs. 80% NNN leased. NOI $285K/yr. $4.2M. 6.8% cap. Upside Potential. 
10. Retail Center in Deer Park, NY: 10,400 SF retail center at busy signalized intersection with multiple egress/ingress in high income New York suburbs. 100% leased. NOI $145K/yr. $2.15M. 6.77% cap. 

© Transmercial 2011