01-10: FREE SEMINAR, Rite Aid, Auto Center, Office Building, Shopping Centers

Date: Sat Jan 26, 2013

Time: 9:25AM to 12 noon

Place: Transmercial at 1340 Tully Rd.  suite 307.  San Jose CA 95122

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
• 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 instructions will be emailed 1 week before the presentation date.

1. Rite Aid in Highland Township, MI: 11,180 SF Rite Aid built in 2000 at main corridor & in high income Detroit suburbs. 100% NNN lease till 2020. NOI $369K/yr. $4.223M. 8.75% cap.
2. Strip Center in Crete, IL: 10,200 SF strip center on 1.25 ac lot in affluent (AHI $113K/yr) Chicago suburbs. 100% NNN leased with a strong tenant mix. NOI $130K/yr. $1.415M. 9.25% cap.
3. Retail Center in Yorktown, VA: 3994 SF retail center on .73 ac corner lot in affluent (AHI $102K/yr in 1 mile) city North of Norfolk. Across from CVS Pharmacy and along Hwy-17. 100% NNN leased to Starbucks, Supercuts and Dry cleaner. NOI $150K/yr. $1.95M. 7.70% cap.
4. Retail Center in Moreno Valley, CA: 3510 SF retail center remodeled in 2007 on/off ramp Fwy-60. Adjacent to Moreno Valley Mall and near Kaiser Permanente. 100% NNN leased. NOI $123K/yr. $2.055M. 6% cap.
5. Office Building in Corona, CA: 6220 SF Class-A two-story office building on .12 ac lot in prosperous Riverside County with an AHI of $130K/yr within 1 mile. Easy access to Hwy-91. 70% leased. NOI $90K/yr. $999K. 9% cap (Note: probably pro forma).
6. Auto Center in Sunnyvale, CA: 4800 SF 5-bay auto repair facility on .34 ac lot in the middle of Silicon Valley with AHI of $113K/yr. in 3 miles. 100% NNN leased to 3 stable tenants. NOI $105K/yr. $1.6M. 6.56% cap.
7. Retail Center in Bellingham, WA: 15,800 SF high quality constructed retail center built in 2009 on 1.84 ac lot in growing city. At main entrance of Whatcom Community College and near Bellis Fair Mall and I-5. 88% NNN leased. NOI $231K/yr. $3.1M. 7.50% cap. Upside potential when fully leased.
8. Retail Center in Odessa, TX: 8500 SF retail center built in 2011 on 1.52 ac outparcel to a Walmart Supercenter. 100% NNN leased to 3 national tenants. NOI $107K/yr. $1.28M. 8.39% cap.
9. Retail Center in Bloomingdale, IL: 14,300 SF well maintained mature  retail center on 1.27 ac lot anchored by a 6,000 SF Concentra Immediate Care. Along main retail corridor in high income (AHI $93K/yr in 3 mile) Chicago suburbs. Close to 1.3 Million SF Stratford Square Mall.  100% leased. NOI $187K/yr. $1.785M. 10.48% cap.
10. Shopping Center in Clovis, CA: 48,770 SF retail center on 5.75 acres of land at a major retail corridor in Fresno suburbs. Shadow-anchored by Save Mart Supermarket and close to Sierra Vista Mall. 98% NNN leased. NOI $656K/yr. $9.25M. 7.10% cap.

© Transmercial 2013

01-09: Hometown Buffet, Hardee's, Wendy's, Macayo's Mexican Kitchen, Midas, Office Depot

1. Shopping Center in Strongsville, OH: 31,100 SF attractive shopping center built in 2000 at a hard corner in high income (AHI $98K/yr) Cleveland suburbs. 93% leased. NOI $397K/yr. $4.599M. 8.65% cap.
2. Retail Center in San Diego, CA: 10,214 SF retail center on .40 ac lot at a signalized location and in densely populated area. Close to La Maestra Health Center and Fwy-15. 100% leased to 4 tenants. NOI $68K/yr. $995K. 7% cap.
3. Strip Center in Marion, OH: 11,920 SF newly constructed strip center on 1.50 ac outparcel to Walmart & Kroger Supermarkets and across from Ohio State University campus.  100% NNN leased to 4 tenants: Aspen dental, Kay Jewelers, Iron Chef and Tan Pro. NOI $243K/yr. $2.59M. 9.41% cap.
4. Hometown Buffet in Laguna Woods, CA: 9055 SF freestanding buffet restaurant built in 2004 in high income Orange County. Across from Starter Bros, The Home Depot and Rite Aid. Near Laguna Hills Mall and I-5. 100% NNN corp lease with 8 yrs left. NOI $205K/yr with a 10% rent bump in 2015. %3.8M. 5.40% cap.
5. Hardee’s in Petal, MS: 3550 SF Hardee’s restaurant on 1.22 ac lot at a main corridor. Near Petal High School and Petal Middle School. 100% NNN corp lease with 10+ yrs left. NOI $79K/yr. $1.056M. 7.50% cap.
6. Retail Center in Rohnert Park, CA: 11,564 SF well maintained retail center on .89 ac lot in North of San Francisco. Across from Grocery Outlet, 24-Hr Fitness, Safeway and CVS. Easy access to Hwy-101. 100% NNN leased. NOI $95K/yr. $1.5M. 6.33% cap.
7. Wendy’s in Jacksonville, FL: 3242 SF brand new Wendy’s restaurant on 1+ ac lot on/off ramp I-295. New 20 yrs absolute NNN lease to strong operator. NOI $106K/yr with 5% rent increases every 5 yrs. $1.63M. 6.50% cap.
8. Macayos’s Mexican Kitchen in Phoenix, AZ: 7783 SF restaurant built in 1997 in affluent area with an AHI of $102K/yr in 3 miles. Close to Foothills Park Place and Hwy-158 100% NNN lease with 7 yrs left to a regional chain with 14 locations. NOI $188K/yr. $2.2M. 8.54% cap.
9. Midas in Tampa, FL: 4700 SF 6-bay auto center on .65 ac lot at a major thoroughfare. 100% NNN corp lease with 5 yrs let. NOI $69K/yr with rent increases every 2 yrs. $815K. 8.50% cap.
10. Office Depot in Miami Gardens, FL: 20,810 SF Office Depot built in 2008 in Miami metro. Across from Walmart Supercenter. 15 yrs NNN lease with 10 yrs left. NOI $343K/yr. $4.6M. 7.47% cap. 

© Transmercial 2013

01-08: Rite Aid, Walgreens, shopping centers, Burger King, Steakhouse

1. Rite Aid in Renton, WA: 16,280 SF Rite Aid built in 2006 on 1.6 acres lot in Seattle metro with AHI of $92K/yr in 1 mile.  100% NNN- till 2026.  NOI $574K/yr. $6.684M. 8.35% cap.  WA has no state income taxes. Store with est. $6M in sales. 
2. Walgreens in Peoria, AZ: 14,420 SF Walgreens built in 1996 on 2.09 ac lot at an intersection of 2 major arteries in high income Phoenix metro (AHI of $72K/yr).  100% NNN- lease till 2017.  NOI $284K/yr. $3.246M. 8.75% cap.  Store with est. $5.5M in sales.   
3. Shopping Center in Palmdale, CA: 49,215 SF shopping center built in 2006 on 3+ ac lot in fast growing city in Los Angeles. Across from Palmdale Regional Medical Center and close to Antelope Valley Mall and Hwy-14.  100% leased to 4 tenants. NOI $747K/yr. $7.999M. 9.34% cap. 
4. Retail Center in Lancaster, CA: 6651 SF well maintained retail center on .42 ac lot in growing town just North of Los Angeles. Close to 420-bed Antelope Valley Hospital. 100% leased to liquor store, pawn shop and shoe store. NOI $82K/yr. $949K. 8.65% cap. 
5. Burger King in Ontario, CA: 3839 SF Burger King on .90 ac outparcel to Ontario Mills Outlet in San Bernardino Country. Across from Costco and near I-15/10. 100% NNN lease to strong franchisee (currently operating 70 units) with 17 yrs left. NOI $132K/yr with a 10% rent bump in March 2014. $2.6M. 5.08% cap. 
6. Retail Center in Humble, TX: 5276 SF retail center built in 2005 on 1.56 ac lot in growing and high income (AHI $103K/yr in 3 mil) Houston suburbs. 100% NNN leased to Starbucks Coffee, The Nailspot and Menchie’s Frozen Yogurt. $1.726M. NOI/Cap not provided. 
7. Retail Center in Atlanta, GA: 10,822 SF 8-unit retail center built in 2002 on 2+ ac lot.  Shadow-anchored by Kroger supermarkets in high income area. 90% NNN  leased with 1 avail unit. Current NOI $177K/yr. $2.185M. 8.1% actual cap. Upside potential when fully leased. 
8. Retail Center in La Quinta, CA: 6400 SF attractive retail building built in 2005 on .48 ac lot in affluent Riverside County with an AHI of $138K/yr within 1 mile. 100% NNN leased to El Mexicali Café and Louise’s Pantry. NOI $149K/yr. $1.785M. 8.36% cap. 
9. Arizona’s Steakhouse in Lithonia, GA: 6442 SF upscale steakhouse restaurant built in 2004 on 1.57 ac outparcel to The Mall At Stonecrest, a 1.2M SF Regional Mall near I-20 exit in fast growing Atlanta suburbs.  Tenant with 4 Arizona’s + 11 Travina Italian Restaurants. 100% NNN leased with 10 yrs left. NOI $246K/yr. with 2% annual rent bump. $3.2M. 7.70% Cap.

© Transmercial 2013

01-07: Burger King, Dollar Tree, Hilton Garden hotel, Walgreens, apartments

1. Burger King in Klamath Falls, OR: 2824 SF restaurant on .92 ac lot just completed a $300K renovation to Burger King’s 20/20 New Look.  New 20 yrs absolute NNN lease.  NOI $90K/yr with 7% rent bumps every 5 yrs.  $1.35M. 6.67% cap. 
2. Dollar Tree in Glendale, AZ: 12,500 SF Dollar Tree store in high income Phoenix metro.  Across from Safeway and Savers grocery.  100% NNN lease with 5 yrs left.  NOI $158K/yr.  $1.925M. 8.25% cap. 
3. Hilton Garden Inn in Gilroy, CA: 137-room 4-story upscale hotel built in 2001 on 3 ac lot next to Hwy 101 exit 30 minutes South of high-tech Silicon Valley.  75% avg occupancy rate.  NOI $878K/yr. $15.5M. 
4. Strip Mall in Omaha, NE: 11,250 SF retail center on .8 ac lot at an intersection.  Remodeled in 2011.  Shadow anchored by Gold Gym and across from a  supermarket.  100% NNN leased to 7 tenants.  NOI $102K/yr. $1.247M. 8.25% cap. 
5. Shopping Center in Topeka, KS: 71,841 SF 22-unit mature shopping center on 6.12 ac lot in middle class area.  Anchored by 29,870 SF Apple Market grocery, a regional tenant with 28 locations in KS and MO.  88% leased with 3 vacant spaces.  Current NOI $305K/yr. $3.1M. 9.84% cap.
6. Baymont Inn & Suites in Orlando, FL: 162-unit hotel on 3.88 ac lot near Florida Mall & easy access to Florida and Ronald Regan turnpikes.  Just 10 minutes from several demand-generators, including Universal Studios, Aquatica, Mall at Millenia, SeaWorld, Discovery Cove, Walt Disney World, Wet 'n Wild, Islands of Adventure, Florida Mall, and the Orlando International Airport. Amenities include swimming pool, gym and meeting room.  2012 gross income of $1.58M. $4.25M. 
7. Apartments in San Jose, CA: 8-unit apartments on 2.3 ac lot in high income area near Westfield Valley Mall,  O’Connor Hospital and San Jose City college.  90% occupied.  NOI $85K/yr. $1.165M. 7.34% cap. 
8. Walgreens in Holy Hills, FL; 13,905 SF Walgreens built in 1998 on 1.8 ac corner lot in Daytona Beach.  100% NNN lease with 16 yrs left.  NOI $242K/yr. $3.65M. 6.65% cap.

© Transmercial 2013

01-04: Applebee's, CARQUEST Auto Parts, Power Center, MOB, Professional Plaza

1. Applebee’s in Grandville, MI: 5125 SF Applebee’s Restaurant on 1.72 ac lot in growing upper middle class Grand Rapids suburbs. Along restaurant row and across from Rivertown Crossings Mall. 20 yrs absolute NNN lease to national tenant with 15 yrs left. Strong store sales.  NOI $238K/yr with a 2% rent increase in 2013 and 10% every 5 yrs thereafter. $3.18M. 7.50% cap.
2. CARQUEST Auto Parts in Prospect Heights, IL: 6552 SF auto center constructed in 2007 on .82 ac lot in affluent (AHI $111K/yr in 1 mile) Chicago metro. Across from Target and 343,600 SF Town and Country Mall, anchored by Best Buy, Dick’s Sporting Goods, Marshall’s and Joann Fabrics. 100% NNN lease with a recently extended 5 yrs lease. NOI $203K/yr. $1.331M. 7.75% cap.
3. Neighborhood Center in Fresno, CA: 50,000 SF well maintained neighborhood center on 4+ ac lot at a hard corner location in high income area with an AHI of $92K/yr in 1 mile. Just min from upscale Fig Garden Village Shopping Center and near Hwy-41. NOI $557K/yr. Price reduced to $7.055M. 7.90% cap.
4. Power Center in Louisville, KY: 206,979 SF regional power center renovated in 2000 on 13.69 acres of land along Hwy-60/31W. Anchored by Target, Dollar Tree and CATO & next to Burlington Coat Factory and Big Lots. 96% leased. NOI $783K/yr. $8.7M. 7.80% cap.
5. Strip Center in Albuquerque, NM: 6650 SF strip center on .64 ac outparcel to Albertsons grocery in wealthy (AHI $133K/yr) neighborhood. 100% NNN leased. NOI $186K/yr. $2.334M. 8% cap.
6. Retail Center in Miami Gardens, FL: 8480 SF newly constructed retail center on 1.58 ac outparcel to Target in Miami metro. Across from Walgreen’s and near Walmart and Lowe’s. 85% NNN leased. NOI $357K/yr. $3.765M. 9.50% cap.
7. MOB in Merced, CA: 21,603 SF newly remodeled medical & professional business plaza on 1.20 ac lot. 97% leased. NOI $216K/yr. $2.8M. 7.74% cap.

© Transmercial 2012

01-03: Carl's Jr., Arby's, Office Building, MOB, Retail Centers

1. Shopping Center in Greenville, NC: 31,800 SF shopping center renovated in 2011 on 3.67 ac lot. Anchored by a 16,366 SF Joann Fabric and Crafts and shadow anchored by Walmart Supercenter and across from University Commons anchored by Harris Theater, Target, TJ Maxx and Barnes & Noble. 100% NNN leased. NOI $216K/yr. $2.4M. 9% cap.
2. MOB in Mission, TX: 10,080 SF just-completed 24-hr Emergency Care center on 1.31 ac lot along Hwy-83 in McAllen suburbs. 12 yrs NNN lease to HealthOne Emergency Care. NOI $262K/yr. with 2% annual rent bumps.  $3.493M.  7.5% cap. Note: flyer not available.
3. Shopping Center in Manchester, CT: 24,670 SF shopping center built in 2006 on 3 ac lot in high income area. Across from 1.2M SF Buckland Hills Mall and near I-84. 100% leased to LAZY-Boy, Frank Pepe Pizza and Scottrade. NOI $640K/yr. $8M. 8% cap.
4. Retail Center in Huntington Beach, CA: 11,540 SF well maintained retail center on .92 ac lot in affluent coastal town in Southern CA (AHI $138K/yr within 1 mile).100% leased to Sea Cliff Liquor, Superb Donuts, Nail Tek, 17th Street Surf Shop, Koop Chiropractor, Fiesta Grill, Launderland and Redz Bar. NOI $300K/yr. $5.72M. 5.25% cap.
5. Carl’s Jr. in Hemet, CA: 3500 SF drive-thru well kept fast food restaurant on .50 ac lot in growing Riverside County. 35 yrs corp lease with 5 yrs left. NOI $156K/yr. $1.699M. 9.20% cap.
6. Tanner’s Restaurant in Kansas City, MO: 6000 SF Tanner’s Bar & Grill Restaurant on 1.47 ac lot in growing and high income area. Across from Walmart Supercenter and near I-35.New 5 yrs absolute NNN lease to a regional tenant. NOI $92K/yr. Just $1M. 9.20% cap.
7. Strip Center in Flower Mound, TX: 6500 SF newly constructed retail center on 1 ac lot at major retail corridor in growing and high income (AHI $153K/yr) Dallas suburbs. 100% NNN leased to Starbucks Coffee, Zoes Kitchen and Beverly Hills Rejuvenation Center. NOI $212K/yr. $3.036M. 7% cap.
8. Arby’s in Springfield, IL: 2742 SF Arby’s built in 2000 on .84 ac lot at a hard corner location and next to I-55.  New 20 yrs absolute NNN lease to the 8-th largest Arby’s operator with 364units.  NOI $102K/yr with 7.5% rent bump every 5 yrs.  $1.316M. 7.75% cap. Tenant’s financials avail after acceptance.
9. Office Building in Westborough, MA: 57,413 SF Class A office building on 16.78 acres of land along main corridor in affluent (AHI $154K/yr in 3 mile) Boston metro. 80% leased. NOI $527K/yr. $5.5M. 9.59% cap.

© Transmercial 2013