05-10: Fresenius, Walgreens, Rite Aid, MOB, Health Club

·         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.  Strip Center in Newman, GA: 12,600 SF strip center built in 2000 on 2 acres lot in high growth, high income Atlanta metro. All units face Hwy-34. 100% NNN lease to three national tenants: Advance Auto, Snap Fitness, and Sherwin Williams Paint.  NOI $167K/yr. $1.939M. 8.62% cap.
2.  Fresenius Dialysis Center in Baytown, TX: 7194 SF brand new dialysis center on over 1 ac lot across from San Jacinto Regional Mall and near San Jacinto Methodist Hospital.  High income area (AHI $91K/yr in 1 mile) in Houston suburbs. 12 yrs NNN- corp lease. NOI $126K/yr with 12% rent bump in yr 7. $1.742M. 7.25% cap.  (Note: no flyer) 
3. Walgreens in Jacksonville, FL: 13,908 SF double drive-thru pharmacy on 2+ ac lot at a hard corner location and near I-295. 100% NNN lease with 7 yrs left. NOI $268K/yr. $3.458M. 7.75% cap.  
4. Office Building in La Habra, CA: 30,288 SF two-story Class-B office building on a major artery, high income (AHI $94K/yr in 3-miles) and densely populated city in Orange county. NOI $268K/yr. $3.35M. 8% cap.  
5. Medical Center & Heath Club in Oak Lawn, IL: 33,936 SF newly constructed medical and health center on 2+ acres lot in Chicago metro. 100% NNN leased to 3 tenants: Advocate Home Health Care, VA Outpatient Clinic and LA Fitness. NOI $800K/yr. $10M. 8% cap.  
6. Rite Aid in Virginia Beach, VA: 12,784 SF drug store on 3.25 acres lot near I-64. 100% NNN lease with 13 yrs remaining. Recent “Wellness Store” remodel.  NOI $315K/yr. $3.715M. 8.50% cap.  Store with strong sales of $7.3M  
7. Retail Building in Chicago, IL: 9053 SF well-maintained retail building on .93 ac lot on a major artery and close to Metro-West Pullman Station. 100% NNN leased to JPMorgan Chase and Community Assistance Program. NOI $126K/yr. $1.39M. 9% cap.  
8. Fresenius Dialysis Center in Round Lake, IL: 6500 SF single-tenant dialysis center on .44 ac lot at a busy corridor. In growing and upper-middle class Chicago metro. 100% NNN- corp lease with 11 yrs left. High barrier of entry as IL is a certificate of need (CON) state. NOI $115K/yr. $1.544M. 7.5% cap.  
9. Retail Center in Southaven, MS: 18,200 SF high quality newly constructed retail center on 2.44 ac lot close to I-55/69 in Memphis suburbs. 94% leased. NOI $276K/yr. $3M. 9.20% cap. 
10. Strip Center in Manassas, VA: 7830 SF well-located strip center on .91 ac lot in affluent (AHI $101K/yr) Washington DC suburbs. 77% leased to 4 tenants. Current NOI $89K/yr. $1.1M. 8.11% cap.  Upside potential when fully leased.

© Transmercial 2012.

05-09: Centennial Fine Wine and Spirits, Big Daddy's, Walgreens, Starbucks, Rite Aid, Burger King, Family Dollar

1. Centennial Fine Wine and Spirits in Dallas, TX: 6000 SF liquor store on .50 ac lot along Hwy-348. In growing (163.94% population growth since 2000) and upper middle-class (AHI $87K/yr in 1 mile) area. New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $102K/yr. $1.133M. 9% cap. 
2. Big Daddy’s Liquor in Arlington, TX: 11,880 SF single-tenant retail store on 1.16 ac lot at busy thoroughfare in affluent (AHI $122K/yr) Dallas/Fort Worth metro. New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $225K/yr. $2.508M. 9% cap. 
3. Walgreens in Eagan, MN: 12,544 SF Walgreen’s on 1.74 ac lot at a hard corner location near I-35 exit in affluent (AHI of $99K/yr) St. Paul/Minneapolis metro. From corner to corner tenants: Target and Regal 16 Screen Movie Theater. 100% NNN lease with 5½ yrs left. NOI $170K/yr. $2.135M. 8% cap. 
4. Strip Center in Portland, OR: 14,245 SF strip center built in 2005 on 2.50 ac outparcel to Wal-Mart and close to Clackamas Town Center and I-205. 100% NNN leased with mostly national credit tenants. NOI $201K/yr. $2.24M. 9% cap. 
5. Starbucks in Kokomo, IN: 1800 SF newly constructed single-tenant retail building on .41 ac lot near Howard Regional Health System and next to Hwy-31. 100% NNN- corp lease with 7 yrs left. NOI $103K/yr. $1.063M. 9.70% cap. 
6. Rite Aid in Macomb Township, MI: 14,564 SF Rite Aid built in 2009 on 2.75 acres corner lot in a wealthy town with AHI $121K/yr in 1 mile. 20 yrs absolute NNN lease with 17 yrs left. NOI $427K/yr. $4.75M. 9% cap. 
7. Burger King in Swartz Creek, MI: 3000 SF fast food restaurant built in 2000 on 1.60 ac lot next to Kroger anchored center and near I-69 in Flint suburbs. 100% NNN lease with 7 yr left. NOI $82K/yr. $1.044M. 7.90% cap. Store sales over $1M.  
8. Family Dollar in Austin, TX: 9180 SF free-standing retail store at high traffic location. 100% NNN lease with 5 yrs left. NOI $82K/yr. $1M. 8.25% cap.  
9. Shopping Center in Plano, TX: 99,152 SF well-maintained shopping center on 9.80 acres of land along main retail corridor in growing Dallas suburbs. 100% NNN leased. NOI $770K/yr. 9M. 8.56% cap. 
10. Shopping Center in Cathedral City, CA: 32,622 SF shopping center built in 1990 on 2.59 ac lot along busy retail corridor in Riverside County. NNN lease. NOI $409K/yr. $6.5M. 6.30% cap.

© Transmercial 2012

05-08: Centennial Fine Wine and Spirits, Fresenius, Cost Plus World Market, MOB, Retail centers

1. Centennial Fine Wine and Spirits in The Colony, TX: 10,000 SF liquor store built in 1999 on 1.36 acres lot at a hard corner of Hwy-121(87,670 CPD) in affluent Dallas suburbs (AHI $102K/yr in 3 miles). New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $240K/yr with 10% rent bump in year 6. $3M. 8% cap.  
2. Centennial Fine Wine and Spirits in The Colony, TX: 5500 SF liquor store built in 1998 on 2/3 ac lot at a hard corner on Hwy-121(87K CPD) in affluent Dallas suburbs (AHI $117K/yr in 3 miles). New 10 yr NNN lease to Centennial Fine Wine & Spirits with 52 stores in Texas. This is a sale lease back transaction so lease terms are negotiable. NOI $137K/yr with 10% rent bump in year 6. $1.833M. 7.5% cap.  
3. Fresenius Medical Care in Chicago, IL: 12,650 SF dialysis center built in 1999 along I-90. 100% NNN- corp lease with 11 yrs left. High barrier of entry as IL is a certificate of need (CON) state. NOI $257K/yr with 10% rent increases every 5 yrs (next increase in 2017. $3.431M. 7.5% cap.  
4. Retail Center in Lawrenceville, GA: 16,000 SF attractive retail center at high traffic location and across from Publix Supermarket anchored center. In growing and upper middle-class Atlanta metro (AHI of $86K/yr). 86% leased to 8 tenants including: Sherwin William, AT&T, Firehouse Sub, Smoothie King, Scott Trade. NOI $279K/yr.  $2.65M. 10% cap. Upside potential. 
5. Shopping Center in Lynnwood, WA: 23,534 SF fully renovated shopping center on 1.93 ac lot at a signalized intersection of Hwy-99 in growing city just North of Seattle. Anchored by Starbucks and AutoZone. 94% leased. NOI $406K/yr. $5.75M. 7.07% cap.  
6. Shopping Center in Grove Heights, MN: 65,139 SF shopping center built in 2000 on nearly 7 acres of land anchored by a 56,202 SF Rainbow Foods. Next to Hwy-52 in Minneapolis suburbs. Good demographics: 33.60% population increase since 2000, AHI $90K/yr in 1 mile. 100% NNN leased to 5 tenants. NOI $621K/yr. $5.99M. 10.38% cap.  
7. Office Buildings in Houston, TX: 93,671 SF Class-B 3-story office buildings at prime retail location and next to Hwy-6 in upper middle class area. Anchored by Chase Bank (leased till 2023) and Harris County Hospital District (new 10 yrs lease). 87% leased. NOI $825K/yr. $9.435M. 8.75% cap. Price reduced. Buyer to assume $6.7M non-recourse loan at 6.32% interest rate.  
8. Strip Center in Pasco, WA: 12,552 SF strip center built in 2007 on 1.60 ac lot anchored by O’Reilly Auto Parts and UPS Store. In growing & well-off neighborhood. 100% leased. NOI $225K/yr. $3.01M. 7.50% cap.  
9. Cost Plus World Market in La Quinta, CA: 18,280 SF newly constructed retail building on 1.87 ac lot in affluent (AHI $132K/yr in 1 mile) Palm Springs metro. Part of a 600,000 SF Power Center anchored by Trader Joe’s, Lowe’s, Target, Stain Mart and Office Depot & across from 180,000 SF center anchored by Kohl’s, Petco, Ross and Stater Bros. 100% NNN- corp lease with 10 yrs left. NOI $421K/yr with a 10% rent increase in 2017. $6.017M. 7% cap. 
10. MOB in Charlotte, NC: 13,407 Class-A medical office building on 1.67 ac lot close to Park Road Shopping Center in prosperous (AHI $114K/yr in 3 mile) neighborhood. 90% leased. NOI $171K/yr. $1.95M. 8.82% cap.

© Transmercial 2012

05-07: Amscot & MetroPCS, Family Dollar, Walgreens, Office Building

1. Strip Center in Austin, TX: 6500 SF well-maintained strip center on .67 ac corner lot. 100% leased to five tenants. NOI $71K/yr. $899K. 7.90% cap.  
2. Amscot & MetroPCS in Kissimmee, FL: 5000 SF two-tenant retail building constructed in 2006 on .86 ac outparcel to Publix Supermarket in Orlando suburbs. 100% NNN leased to brand name  tenants. NOI $162K/yr. $1.8M. 9% cap.  
3. Family Dollar in Winston Salem, NC: 9180 SF all brick retail building constructed in 2009 on 1.72 ac lot close to Food Lion Grocery anchored center. 100% NNN- corp lease with 7 yrs left. NOI $110K/yr with a generous 10% rent increase every 5 yrs (next increase in 2014). $1.25M. 8.80% cap.
4. Retail Center in Naples, FL: 7379 SF retail center consisting of two buildings on 1.10 ac lot anchored by Dunkin Donuts. At high income area in fast growing Fort Meyers metro. 100% leased. NOI $131K/yr. $1.75M. 7.50% cap.  
5. Shopping Center in Renton, WA: 94,233 SF shopping center on 8+ acres of land at a hard corner location in upper middle-class Seattle metro (Boeing assembles 747 and 787 airplanes in Renton).  100% NNN leased to 4 national tenants: Albertsons, Planet Fitness, Big Lots and ACE Hardware. NOI $650K/yr. $9.3M. 7% cap. 
6. Strip Center in Turnersville, NJ: 9600 SF well-maintained strip center on .92 ac lot in affluent (AHI $114K/yr) Philadelphia suburbs. 81% NNN leased by stable local tenants. NOI $59K/yr. $743K. 8% cap. Upside potential.  
7. Walgreens in Reynoldsburg, OH: 15,120 SF Walgreens on 1.98 ac lot at a hard corner location near I-270 in Columbus suburbs. 100% NNN lease with 8 yrs left. NOI $429K/yr. $5.047M. 8.50% cap.
8. Office Building in Venice, FL: 19,516 SF Class-A Mediterranean Style office building constructed in 1999 at highly visible location. 100% leased. NOI $300K/yr. $3M. 10% cap.  
9. Retail Center in Macedonia, OH: 11,921 SF high quality constructed retail center shadow-anchored by Target, Lowe’s and Giant Eagle in Cleveland suburbs. 90% leased. NOI $217K/yr. $2.477M. 8.75% cap.  
10. Shopping Center in Sicklerville, NJ: 40,695 SF shopping center on 8.27 acres of land. Shadow anchored by ShopRite grocery. 94% leased to great tenant mix. NOI $545K/yr. $7.125M. 7.65% cap.

© Transmercial 2012