Thursday, February 23, 2012

02-09: Family Dollar, AUI Contractors, Academy Sports & Outdoors, Popeye's


  1. Family Dollar in Jonesboro, GA: 8000 SF recently renovated retail store on 1.10 ac lot in fast growing Atlanta metro. 100% NN corp lease till 2018. NOI $68K/yr with percentage rent. $777K. 8.75% cap.  
  2. Corporate Office in Fort Worth, TX: 22,600 Class-A office building on 7.22 acres of land in fast growing area & next to I-35W. 100% absolute NNN corp lease to AUI Contractors: a full service general contractor with  $120M annual sales and $50M work backlog in 2012. This is a sale and lease back in which the seller plans to fund debt relief and to purchase equipment and grow business nationally. NOI $251K/yr. $3.359M. 7.5% cap.  
  3. Shopping Center in Homestead, FL: 14,780 SF well-maintained strip center on 1.66 ac lot next to Hwy-1in fast growing South Miami suburbs. 100% NNN leased to long term/established tenants. NOI $241K/yr. $2.6M. 9.3% cap.  
  4. Academy Sports & Outdoors in Longview, TX: 5387 SF free-standing retail building conveniently located across from 600,000 SF Longview Mall. 100% absolute NNN corp lease to credit tenant (S&P B) with 10.5 yrs left. NOI $396K/yr. $5.387M. 7.35% cap.  
  5. Family Dollar in Lubbock, TX: brand-new 8000 SF Family dollar store scheduled to open May 2012 on .99 ac lot near Fwy-62/82 and Tx-289-Loop N. 100% NNN- corp lease. NOI $119K/yr. $1.493M. 8% cap.  
  6. Strip Center in Irving, TX: 10,627 SF recently renovated strip center on 1.14 ac lot close to Baylor Medical Center and Fwy-183 in Dallas metro. 86% leased. NOI $139K/yr. $1.641M. 8.5% cap.  
  7. Retail Center in Champaign, IL: 15,450 SF retail center consisting of two buildings in affluent area with AHI $137K/yr in 1 mile. NNN leased to multiple tenants. Proforma NOI $258K/yr. $2.35M. 11% cap. 
  8. Popeye’s in Decatur, GA: 1750 SF fast food restaurant on .87 ac lot next to I-20 exit in Atlanta metro. 20 yrs absolute NNN lease with 12 yrs left to an operator with 32 restaurants.  NOI $66K/yr. $852K. 7.75% cap.

© Transmercial 2012

02-08: Spec's Wine & Spirits, Del Taco, Walgreen's, O'Reilly, Chuck E. Cheese, MOB


  1. Spec’s Wine & Spirits in Victoria, TX: 13,469 SF retail building constructed in 1993 at a signalized corner.  Renovated in 2009 plus new roof.  Next to Dollar General, Office Depot and across from Walgreens. 100% NNN lease till 2019 to a growing retailer with 95 locations. NOI $118K/yr. with generous 11.8% rent bump in 2014 and 13% in 2019. $1.531M. 7.75% cap.  
  2. Del Taco in Aurora, CO: 2491 SF restaurant built in 2005 on .95 ac lot outparcel to Wal-Mart and Home Depot anchored center. In affluent (AHI $108K/yr in 1 mile) Denver suburbs.  20 yrs absolute NNN lease till 2025 to an operator with 14 restaurants.  NOI $145K/yr with 5% rent increases every 5-yrs. $1.717M. 8.5% cap.  
  3. Walgreen’s in Wichita, KS: 15,120 SF pharmacy built in 2001 on 1.66 acres of lot at a hard corner location and adjacent to Prairie Village Shopping Center. Excellent demographics: AHI $92K/yr within 1-mile. 100% absolute NNN corp lease to credit tenant (S&P A+). NOI $450K/yr. $5.86M. 7.75% cap. 
  4. Office Building in Louisville, KY: 77,106 SF Class-A office building on 26.70 acres of land close to Ford Motor Company KY Truck Plant with nearly 5600 employees and near I-265. AHI $106K/yr within 1-mile and 27.46% pop growth since 2000. $9.9M. NOI/Cap not avail. 
  5. O’Reilly Auto Parts in Childress, TX: 8300 SF auto parts retail building constructed in 2009 across from 62,000 SF Shopping Center anchored by United Supermarkets, Dollar General and Aaron’s. 100% NNN lease to credit tenant. NOI $89K/yr with rent a rent increase in yr-11. $1.1M. 8.18% cap.
  6. Medical Office Building in Frisco, TX: 19,627 SF medical office building on 2.17 ac lot in prosperous (AHI $110K/yr within 3-miles) Dallas metro. 60% NNN leased. NOI $220K/yr. $2.2M. 10% cap. Upside potential.  
  7. Chuck E. Cheese Restaurant in Oklahoma City, OK: 12,267 SF free-standing building constructed in 2006 on 1.35 ac lot next to I-240. 100% NNN lease till 2020. NOI $107K/yr. $1.337M. 8% cap.  
© Transmercial 2012

Tuesday, February 21, 2012

02-07: Advance Auto Parts, Jiffy Lube, USA Discounters, ALDI Supermarket, retail centers


  1. Shopping Center in Cleveland, TN: 78,900 SF shopping center built in 1990 on 8 acres lot near I-75 in Chattanooga suburbs. Anchored by Food Lion and shadow-anchored by Hobby Lobby.  100% NNN leased. NOI $537K/yr. $5.85M. 9.18% cap.  
  2. Advance Auto Parts in Papillion, NE: 7000 SF auto parts single-tenant retail building on .74 ac lot next to busy thoroughfare. In well-off (AHI $96K/yr within 1-mile) Omaha suburbs. 100% NNN- lease till 2022 to credit tenant. NOI $107K/yr. $1.537M. 7% cap.  
  3. Jiffy Lube in Bellevue, NE: brand-new 3137 SF auto retail building on .43 ac lot next to Hwy-370 and near Bellevue Medical Center & Fwy-75 in Omaha metro. 20-yrs absolute NNN lease to experienced franchisee operating 450 units. NOI $99K/yr with 10% rent bumps every 5-yrs. $1.17M. 8.5% cap.  
  4. Shopping Center in Miami Gardens, FL: 53,370 SF attractive shopping center built in 2005 with diverse & stable tenant mix. At a high traffic and densely populated area. 97% NNN leased. NOI $805K/yr. $9.25M.  8.70% cap.  
  5. Retail Buildings in Monterey, CA: 4500 SF retail buildings constructed in 1991 at a busy retail location in a high income coastal town. 100% NNN leased to Jiffy Lube and Cypress Studio. NOI $152K/yr. $2.15M. 7.10% cap. 
  6. Retail Center in San Antonio, TX: 9850 SF newly constructed retail center on 2.60 acres at a signalized corner location. 100% NNN leased. NOI $236K/yr. $3.3M. 7.15% cap.  
  7. USA Discounters in August, GA: 22,560 SF retail building on 3.67 ac lot across from Wal-Mart Supercenter in fast growing Atlanta metro. 100% NNN lease to USA Discounters, a growing retailer with over 20 locations. NOI $180K/yr. $2.125M. 8.5% cap.  
  8. Retail Center in San Mateo, CA: 13,639 SF retail center on over 1 acre lot shadow-anchored by Walgreens in a wealthy city in south of San Francisco (AHI $109K/yr).  100% NNN leased. NOI $390K/yr. $6.5M. 6% cap. 
  9. ALDI in Rock Island, IL: 18,788 SF recently grocery store on 1.63 acres in growing & middle class area.  20-yrs NNN lease to Aldi, an international grocery chain. NOI $101K/yr. with 5% rent bump every 5 yrs.  $1.594M. 6.35% cap. 
  10. Office Building in Colorado Springs, CO: 58,064 SF Class-A office building near I-25. 87% leased. NOI $676K/yr. $7.35M. 9.21% cap.

© Transmercial 2012

02-06: Sweet Tomatoes, 24-Hour Fitness, O'Reilly Auto Parts, MOB, Retail Centers


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.  Sweet Tomatoes Restaurant in Albuquerque, NM: 7240 SF restaurant on .57 ac lot at a busy thoroughfare and close to I-25. 100% absolute NNN corp lease with 12-ys remaining. NOI $168K/yr with 1.25% annual rent increases. $2.17M. 7.75% cap. 
  2. Retail Center in Fort Worth, TX: 16,319 SF newly constructed retail center on 1.73 acres of land anchored by Chipotle and AT&T across from 147,000 SF Ridglea Plaza anchored by Stein Mart, Tom Thumb, Dollar Tree, and Tuesday Morning. In fast growing and middle-class area. 100% NNN leased. NOI $468K/yr. $5.935M. 7.9% cap. 
  3. 24-Hour Fitness in Fort Worth, TX: 37,500 SF fitness center built in 2008 on 6.43 acres at dominant retail location and adjacent to Landmark Quebec (300,000 SF center anchored by Starplex Cinemas). 100% NNN- corp lease till 2024. NOI $750K/yr with 12.5% rent increases ever 5-yrs. $8.825M. 8.5% cap. 
  4. Strip Center in Atlanta, GA: 10,800 SF attractive strip center on over 1 ac lot with in an affluent (AHI $164K/yr) & fast growing area. NNN leased to multiple tenants. NOI $254K/yr. $2.825M. 9% cap. 
  5. O’Reilly  Auto Parts in Stockton, CA: 7000 SF well-maintained auto parts store on 1 ac lot across from Super Wal-Mart. 100% absolute NNN corp lease till 2023. NOI $88K/yr. $1.47M. 6% cap. 
  6. Strip Center in Rocklin, CA: 9400 SF strip center built in 2002 at highly visible location next to Expy-65 and close to Galleria at Roseville in Sacramento suburbs.  Strong demographics: high growth and high income.  100% NNN lease. $3.3M. NOI/Cap not avail. 
  7. Shopping Center in O’Fallon, MO: 24,638 SF shopping center constructed in 2005 on 3.70 acres with good tenant mix and along main corridor in Saint Louis metro. AHI of $97K/yr in 1 mile and 70% pop growth since 2000.   NNN leased.  NOI $319K/yr. $3.55M. 9% cap. 
  8. Medical Office Building in The Woodlands, TX: 8414 SF 2-story newly constructed medical office building next to I-45 and near The Memorial Hermann Hospital in wealthy (AHI $112K/yr) Houston metro. 100% NNN leased to 3 medical tenants: Nexus Specialty Hospital, Sleep Center and a Dentist. NOI $159K/yr. $1.85M. 8.6% cap. 
  9. Retail Center in Shawnee, KS: 13,430 SF multi-tenant retail center built in 2006 next to busy corridor & near The Home Depot, Target, Lowes and Wal-Mart. Strong demographics: fast growing middle class Kansas City metro.100% leased.  NOI $309K/yr. $3.914M. 7.9% cap. 
  10. Retail Center in Worthington, OH: 8957 SF retail center on 1.60 ac lot anchored by Starbucks Coffee and across from The Worthington Square Mall in affluent Columbus metro. 100% leased. Tenants include Starbucks, COSI, ImmediaDent urgent dental care, T-Mobile, and Jimmy Johns. NOI $255K/yr. $2.75M. 9.3% cap.
© Transmercial 2012