07-09: Best Buy, MOB, Shopping Centers

1. Strip Center in Ocala, FL: brand new 12,600 SF strip center on an outparcel to Home Depot  in a growing city in Central FL. Close to Paddock Mall and I-75. Tenants include: Mattress Firm, Aspen Dental, Weight Watchers and Fist Watch Restaurant. 100% leased. NOI $304K/yr. $4.205M. 7.25% cap.
2. Best Buy in Sunnyvale, CA: 30,071 SF top performing electronics store constructed in 2005 on 2.7 ac lot on El Camino Real, a prime commercial corridor in Silicon Valley with AHI $111K/yr.  100% NNN lease with 5 yrs left. NOI $1.174M/yr. $19.56M.  6% cap. Buyer to assume $11.84M loan at low 5.62% interest rate.
3. Shopping Center in Bolingbrook, IL: 17,960 SF attractive shopping center built in 2003 in growing and high income (AHI $93K/yr) Chicago suburbs. Shadow anchored by Meijer’s, Macy’s & IKEA off I-355. 93% leased. NOI $461K/yr. $5.3M. 8.7% cap.
4. Retail Center in Sinking Springs, PA: 15,000 SF newly constructed retail center on 3.56 ac lot in wealthy (AHI $103K/yr) Philadelphia metro. 100% leased to 4 tenants. NOI $176K/yr. $2.2M. 8% cap.
5. MOB in Gilroy, CA: 36,800 SF Class-A 2-story medical office building next to St Louise Regional Hospital and Hwy-101 in high-income Silicon Valley suburbs. 70% NNN leased by 11 tenants with 5 available units. Actual NOI $468K/yr. $5.85M. 8% cap. Strong upside potential when fully leased.  This is an estate sale and priced to sell quickly.  Sellers must sell to pay inheritance taxes.

© Transmercial 2012

07-06: Tires Plus, Rite Aid, MOB, Shopping Centers

1. Tires Plus in Toledo, OH: 6832 SF car care center built in 2002 on 1.22 ac lot at busy retail corridor and next to Target and Kroger anchored center. Close to 2,000,000 SF GM Plant.  100% NNN lease with 10+ yrs left. NOI $171K/yr with 8% rent increases every 4 yrs. $2.286M. 7.50% cap.
2. Retail Center in Blaine, MN: 10,034 SF attractive retail center built in 2005 on the outer ring of  Northtown Mall and close to Hwy 610/10 in St Paul suburbs. Excellent tenant mix: Potbelly Sandwich Works, Verizon Wireless, Chipotle, Fedex/Kinkos and Game Stop. 100% leased. NOI $315K/yr. $3.7M. 8.54% cap.
3. Shopping Center in Johnson City, TN: 23,036 SF recently renovated shopping center on 4.30 ac lot in high income area close to I-26. Across from Kohl’s and Lowes. NOI $267K/yr. $3.146M. 8.50% cap.
4. Rite Aid Pharmacy in San Jacinto, CA: 17,272 SF Rite Aid pharmacy built in 2008 on 1.81 ac lot next to Expy-79. In growing Riverside County. 100% NNN corp lease with 16 yrs left. NOI $410K/yr with 7.5% rent bump in 2018. $5.125M. 8% cap.
5. MOB in Jacksonville, FL: 5520 SF beautiful Class-A medical building constructed in 2008 on .21 ac lot in high income area. 100% NNN lease with 8 yrs left to University of Florida Jacksonville Healthcare. NOI $81K/yr with 3%- 5% annual rent increases. $1.1M. 7.25% cap.
6. Retail Building in Champlin, MN: 8158 SF 5-units retail building constructed in 2002 on 1.44 ac lot in growing and affluent (AHI $94K/yr) Minneapolis metro. 100% NNN leased to national/local tenants. NOI $132K/yr. $1.65M. 8% cap.   

© Transmercial 2012

07-05: Applebee's, Shopping Centers, MOB's, Retail Centers

1. MOB in Brooksville, FL: 6070 SF beautiful class-A medical building constructed in 2004 on .59 ac lot in fast growing Tampa metro. Close to Oak Hill Hospital. 10 yrs NNN- lease by Brooksville Cardiology that has been in the business for 15 yrs with 2 locations. This is a sale lease back investment so lease terms are negotiable. NOI $109K/yr with generous 3% annual rent increases. $1.3M. 8.41% cap. 
2. Applebee’s in Saint Augustine, FL: 5766 SF sit-down family restaurant built in 1993 on 1.40 ac lot at a major retail corridor and close to Flagler Hospital. New 20 yrs NNN lease to an experienced franchisee. NOI $220K/yr with 6% rent increases every 5 yrs. $3.034M. 7.25% cap. 
3. Retail Center in Ocean, NJ: 13,500 SF retail center along Hwy-35 in wealthy (AHI $112K/yr) New York metro. Tenants include: Michaels’s Shoes, Thriller Diamonds, U.S. Video and $2.50 Dry Cleaners. NOI $116K/yr. $1.45M. 8% cap. 
4. Retail Center in Lawrenceville, GA: 14,800 SF retail center on a busy highway in high income Atlanta suburbs. Across from Publix shopping center. 100% leased. NOI $279K/yr. $2.65M. 10.54% cap. 
5. Retail Center in Garland, TX: 17,400 SF retail center built in 2009 anchored by a 5,824 SF Buffalo Wild Wings restaurant. All units facing busy throughway. Nearby tenants: Wal-Mart Supercenter, Super Target, Michael’s, Petsmart, Sam’s Club and more. In growing and well-off (AHI $104K/yr) Dallas suburbs. 100% NNN leased.  NOI $306K/yr. $3.92M. 7.82% cap. 
6. Shopping Center in Plainfield, IN: 15,589 SF shopping center shadow anchored by Marsh Supermarket and next to Blvd-26 in Indianapolis suburbs.  Close to Metropolis Mall. 76% NNN leased. NOI $119K/yr. $1.22M. 9.77% cap. 
7. MOB in Indianapolis, IN: 4875 SF recently renovated medical building in middle-class (AHI $62K/yr in 3 miles) neighborhood and near I-46/74. 10 yrs absolute NNN lease to Franciscan Alliance, a chain with 14 hospitals in IN and IL with AA rating from Fitch. NOI $68K/yr. $974K. 7% cap. 
8. MOB in Setauket, NY: 21,254 SF completely remodeled Class-A medical building on 2+ ac lot in affluent (AHI $150K/yr within 1 mile) New York metro. Close to three major hospitals. 88% leased with only 2,500 SF avail. NOI $457K/yr. $5.2M. 8.80% cap.
9. Retail Center in Phoenix, AZ: 13,797 SF well maintained retail center built in 2005 at main retail corridor close to Target. 85% leased. NOI $176K. $2.2M. 8% cap.

© Transmercial 2012

07-03: CBA, Romano's Macaroni Grill, Wendy's, Big Lots, Food 4 Less, Walgreens, Jack in the Box, MOB

1. Shopping Center in Midland, TX: 94,000 SF shopping center in growing & high income oil and gas town with AHI of $80K/yr in 1 mile. 86% leased to national, regional and local tenant. NOI $556K/yr. $7.95M. 7% cap.
2. Christian Brothers Automotive in League City, TX: 4921 automotive center built in 2011 on .96 ac lot in a fast growing upper class Houston suburbs with AHI of $92/yr. Near Home Depot, Wal-Mart Supercenter, Target and more.15 yrs absolute NNN corp lease. NOI $162K/yr with 1½% rent bumps starting in yr two. $2.237M. 7.25% cap.
3. Romano’s Macaroni Grill in Hoffman Estates, IL: 8458 SF Italian Restaurant on 1.95 ac lot near St Alexius Medical Center and I-90 in Chicago suburbs. 100% absolute NNN corp lease with 16 yrs remaining. 2% annual rent increases. $2.43M. NOI $170K/yr. 7% cap.
4. Wendy’s in Goose Creek, SC: 2310 SF Wendy’s restaurant on .99 ac lot at hard corner location next to Hwy-52. In a growing North Charleston metro, a coastal town. 20 yrs absolute NNN lease with 8+ yrs left. NOI $119K/yr with 5% rent bumps every 5 yrs. $1.25M. 9.50% cap.
5. Jack in the Box in Stockton, CA: 2343 SF drive-thru fast food restaurant on .39 ac lot just off I-5 exit. 100% NNN lease with 14 yrs left. NOI $102K/yr with 8% rent increases every 5 yrs. $1.5M. 6.84% cap.
6. Big Lots in Las Vegas, NV: 48,536 SF big box retail building constructed in 1994 on 4.39 acres of land close to I-215. 100% NNN lease with 9 yrs left. NOI $562K/yr. $6.4M. 8.80% cap.
7. Food 4 Less in Henderson, NV: 43,114 SF Food4Less grocery store built in 1991on nearly 4 acres lot at high traffic location in affluent Las Vegas neighborhood (AHI $96K/yr in 1 mile). 100% NNN leased with 9 yrs left. NOI $500K/yr. $5.53M. 9.05% cap.
8. Walgreen’s in Springfield, IL: 15,120 SF drug store on 1.85 ac lot along busy road across from Wal-Mart and Target in growing and affluent  area (AHI $104K/yr in 1 mile).  20 yrs NNN- corp lease with 7+ yrs left. NOI $418K/yr. 5.225M. 8% cap.
9. Retail Center in Columbus, OH: 13,312 SF attractive retail center on 5+ ac lot along main road with big pylon sign. 100% NNN leased. NOI $157K/yr.  $1.75M. 9% cap.
10. MOB in Chandler, AZ: 12,815 SF Class-B single-tenant medical office building constructed in 2008 close to Chandler Regional Hospital and Loop-202 in Phoenix metro. 100% NN lease to Behavioral Health Industry. NOI $246K/yr.  $3M. 8.20% cap.

© Transmercial 2012

07-02: Jiffy Lube, Logan's Roadhouse, Denny's, MOB's

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  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 on the market).  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.  We may ask you for feedback later for the listing brokers.  If so, please help.

Below are the most commonly used acronyms:

• 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. Jiffy Lube in Avondale, AZ: 2134 SF Jiffy Lube built in 1995 on .46 ac lot close to I-10 in Phoenix metro. 15 yrs absolute NNN lease with 10 yrs left to strong franchisee with 50+ units. NOI $108K/yr with 10% rent increases every 5 yrs. $1.309M. 8.25% cap.
2. Retail Center in Boise, ID: 15,000 SF retail center on 1.35 ac outparcel to Wal-Mart and Lowe’s. Next to I-84 exit.  Tenants include: Verizon, GameStop, U-Swirl, Papa John’s, Payless ShoeSource, T-Mobile and Sprint. 100% leased. NOI $331K/yr. $4.731M. 7% cap.
3. Logan’s Roadhouse in Orlando, FL: 8000 SF steakhouse restaurant built in 1999 on 1.64 ac outparcel to Wal-Mart Supercenter and Lowe’s. Next to Florida’s Tpke and close to Florida Mall. 100% NNN lease with 14 yrs remaining. NOI $234K/yr with annual rent increases. $3.133M. 7.50% cap.
4. MOB in Morgan Hill, CA: 29,210 SF two-story high quality medical office building constructed in 2002 in affluent Silicon Valley suburbs (AHI $120K/yr). Easy access to Hwy-101. 100% leased. NOI $522K/yr. $7.25M. 7.20% cap.
5. MOB in Canyon Country, CA: 5466 SF Class-B medical office building on .84 ac lot in high income Santa Clarita suburbs. Next to Fwy-14 and close to Facey Medical Facility.  90% leased. NOI $110K/yr. $1.575M. 7% cap.
6. Denny’s in Melbourne, FL: 5420 SF Denny’s on 2+ ac lot in affluent (AHI $104K/yr) & fast growing coastal town. Close to new Viera Hospital and I-95 exit/entrance. 100% NNN lease with 4 yrs left. NOI $102K/yr. $1.25M. 8.16% cap.

© Transmercial 2012

06-29: Starbucks Coffee, Romano's Macaroni Grill, McDonalds, MOB

1.     Starbuck Coffee in South Ogden, UT: 1813 SF drive-thru Starbucks Coffee built in 2007 on .38 ac lot in high income (AHI $92K/yr in 1 mile) Salt Lake City Suburbs. At a busy signalized intersection and across from Albertsons. 10 yrs NNN- lease with 5+ yrs left. NOI $93K/yr with 10% rent bump in 8/12. $1.2M. 7.81% cap.

2.     Retail Center in St. Augustine Beach, FL: 12,614 SF retail center built in 2001 on .32 ac lot shadow anchored by Winn Dixie along Hwy-A1a .  Tenants include:  Advance Auto Parts, Dragon Sushi, Cleaners, Coldwell Banker Premier, Hungry Howie’s Pizza and Good Nails. 91% NNN leased with only one vacant unit. NOI $193K/yr. $2.245M. 8.61% cap.

3.     Apartments in Sacramento, CA: 8-untis 2 bed/2ba two-story well maintained apartments on .41 ac lot close to parks, Arden Fair Mall and I-80. Unit features include modern kitchens with dishwasher, disposal and microwave oven. Each unit has washer dryer hook ups, two patios/balconies and two assigned parking spaces per unit. NOI $49K/yr. $735K. 6.67% cap.

4.     MOB in Ontario, CA: 5750 SF Class-B single-tenant medical office building on .25 ac lot along main thoroughfare and with easy access to Fwy-60 in Rancho Cucamonga suburbs. 5 yrs NNN lease with 4 yrs left to Molina Healthcare. Tenant has been at this location since 1980’s. NOI $84K/yr. $1.2M. 7% cap.

5.     Romano’s Macaroni Grill in Huntsville, AL: 6739 SF Italian Restaurant built in 2001 on 2.33 ac outparcel to Madison Square Mall and Madison Square 12 Cinemas off Hwy-255. 100% NNN lease with 17 yrs left to a strong operator with 200+ units. $274K/yr with 10% rent increases every 5 yrs. $3.341M. 8.20% cap.

6.     McDonald’s in Marietta, GA: 3200 SF fast food drive-thru restaurant next to I-75 in fast growing Atlanta suburbs. 5 yrs NNN corp lease with no options left. Tenant as been at this location for 40+ yrs. NOI $53K/yr. $830K. 6.50% cap.

7.     Shopping Center in San Antonio, TX: 46,554 SF well maintained shopping center at a corner location close to I-410 in fast growing area. Tenants include: Blast Fitness, ZLB Plasma, Blockbuster, Liberty Tax & Planned Parenthood. 95% leased. NOI $408K/yr. 4.3M. 9.50% cap.

© Transmercial 2012