02-08: Apartments, Chili's Restaurant, MOB, Shopping Center

1. Apartments in Sacramento, CA: 35-units fully renovated two-bedroom apartments close to American River College and I-80. Amenities include: playground and swimming pool. 91% occupancy. Proforma NOI $190K/yr. $2.625M. 7.25% cap.
2. Shopping Center in Irving, TX: 30,512 SF well maintained shopping center on nearly 2 ac lot in growing Dallas/Fort Worth suburbs. Shadow anchored by Lowe’s and across from 123-stores Irving Mall.  Off/on ramp Hwy-183. 100% leased to national & local tenants. 8.56% cap. Price/NOI not provided.
3. Chili’s Restaurant in Tallahassee, FL: 5714 SF casual dining restaurant built in 2004 on 1.91 ac lot at a major corridor in growing (18.05% pop growth since 2000) and affluent (AHI $105K/yr in 1 mile) area. 10 yrs absolute ground lease (land for sale, building reverted o landowner if tenant does not renew lease) with 6½ yrs left. NOI $99K/yr with a 10% bump in 2019. $1.585M. 6.25% cap.
4. MOB in Tucson, AZ: 3522 SF Class A medical office building part of La Cholla Corporate Center, a 200,000 SF medial complexes in growing middle-class area. Across from Foothills Mall. 100% NNN leased with 2 yrs left. NOI $80K/yr. $916K. 8.87% cap.
5. Apartments in Birmingham, AL: 254-units well maintained multifamily complex lot in fast growing and high income area. Close to major shopping center, Hwy-31 & I-65. 96% occupancy. NOI $1.101M/yr. $15.5M. 7.11% cap.

© Transmercial 2013

02-07: CARQUEST, Walgreen's, Tutor Time, Denny's, Office Building, MOB

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. 

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $55+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. CARQUEST in Prospect Heights, IL: 6552 SF auto center built in 2007 on .82 ac lot in affluent (AHI $111K/yr in 1 mile) Chicago metro. Across from Target. 100% NNN lease with a recently extended 5 yrs lease to a regional tenant. NOI $103K/yr. Price just reduced to $1.258M. 8.20% cap.
2.  Walgreen’s in Merriam, KS: 15,120 SF Walgreen’s built in 2001 on 1.79 ac lot in Kansas City suburbs. Across from 475,000 SF Merriam Town Center, anchored by Cinemark Theatres and Home Depot. Adjacent to new IKEA store, schedule to open Summer of 2014. 20 yrs NNN- corp lease with 8 yrs left. NOI $407K/yr. $6.27M. 6.50% cap.
3. Retail Center in Cape Coral, FL: 19,000 SF L-shaped retail center built in 2002 on 1.56 ac lot at a signalized intersection & in fast growing area. Close to Cape Coral Hospital. 80% leased. $2.25M. Just less than $120/SF!  NOI/Cap not provided.
4. Retail Center in Milpitas, CA: 8400 SF mature retail center on 1+ ac lot in high income ($106K/yr in 3 mile) high tech San Jose suburbs. Close to Great Mall, I-880 & I-680. 100% leased to six tenants. NOI $148K/yr. $2.9M. 5.10% cap.
5. Neighborhood Center in Montgomery, AL: 42,257 SF attractive shopping center built in 2004 near I-85..  Anchored by Petco and Books-A-Million. Next to Lowe’s and near The Home Depot. 94% leased. NOI $503K/yr. $6.1M. 8.25% cap.
6. Center Medical Center in Boardman Township, OH: 10,140 SF Class B medical office building upgraded in 2007 on .70 ac lot in growing area. Close to St Elizabeth Wellness Center and I-680. 100% NNN- corp lease to US Oncology, a private company with 83 cancer centers. NOI $113K/yr. $1.23M. 9.25% cap.
7. Tutor Time in Mooresville, NC: 10,160 SF childcare center built in 2002 on 1.97 ac lot in fast growing and high income (AHI $97K/yr) Charlotte suburbs. Two miles from Lowe's Headquarters and regional hospital 100% NNN- corp lease with 10+ yrs left.  NOI $249K/yr. $2.625M. 9.50% cap.
8. Denny’s in Ontario, CA: 4360 SF well maintained Denny’s restaurant on .88 ac lot in San Bernardino County. Visible and next to off/on ramp I-10. Tall pylon sign along I-10. 100% absolute NNN corp ground lease (land for sale, building reverted o landowner if tenant does not renew lease) with 7+ yrs left. NOI $42K/yr with a CPI rent increase in 2015. Only $861K. 4.90% cap.  Note: Transmercial believes the land value is higher than $861K.
9. Office Building in Avon, IN: 38,448 SF Class B consisting of two single story office buildings at a signalized intersection in Indianapolis suburbs. Near Hwy-36. Four of the nine tenants are medical practices. 84% leased. NOI $365K/yr. $3.847M. 9.50% cap. Upside potential.
10. Retail Center in Coventry, RI: 8750 SF eye-catching retail center built in 2007 outparcel to The Home Depot and next to Walmart in high income coastal city. Close to I-95. 100% leased. NOI $210K/yr. $2.999M. 7% cap.

© Transmercial 2013

02-06: Lowe's, Apartments, Mix-used, Community Center, Retail Center

1. Lowe’s in West Sacramento, CA: 170,393 SF big box retail building on 11.60 acres of land at busy corridor and in high income area. Across from Target and Nugget Market anchored center. 20 yrs absolute NNN corp ground lease (land is for sale) with 15 yrs left. NOI $495K/yr. $9.445M with a 20% rent bump in 1^st option. 5.25% cap. 
2. Strip Center in Fairfield, CA: 4511 SF strip center on .89 ac outparcel to Staples  and near off ramp I-80. 100% NNN leased to Starbucks Coffee and Leslie’s Swimming Pool Supplies. NOI $148K/yr. $2.378M. 6.25% cap.
3. Retail Center in San Jose, CA: 15,000 SF consisting of two retail buildings constructed in 2007 on 1.35 ac lot in high income Silicon Valley. Close to The Plant shopping center, a 30+ stores center and Hwy-87. 83% NNNN leased to 8 tenants. NOI $468K/yr. $6.5M. 7.20% cap.
4. Neighborhood Center in Newman, GA: 146,121 SF well maintained shopping center on nearly 20 acres of land anchored by a recently expanded Big Lots and recently renovated Goodwill in Atlanta metro. Next to Hwy-34. 100% leased. NOI $1.052M/yr. $11.55M. 9.11% cap.
5. Retail Center in Clinton, UT: 34,186 SF in-line retail center built in 1999 on nearly 3 acres  lot At a hard corner location in growing and middle-class city North of Salt Lake City. Shadow-anchored by 58,000 SF Maceys grocery & across from Lowe’s, Kohl’s and Walmart anchored center. 100% leased. NOI $426K/yr. $5.33M. 8% cap.
6. Retail Building in San Jose, CA: 1000 SF retail building on .26 ac lot at busy retail corridor close to Westfield Valley Fair, prestigious Santa Row and I-880. Currently being used as a used car lot with 4+ yrs left. NOI $54K/yr. $1.05M. 5.14% cap.
7. Apartments in Pasadena, TX: 88-units well maintained multifamily apartments on 4.40 ac lot in growing Houston suburbs. Close to shopping centers, schools and parks. 95% occupancy. NOI $426K/yr. $2.9M. 8.50% cap.
8. Community Center in Anaheim Hills, CA: 53,190 SF well maintained two-story community center on 4.78 ac lot in affluent (AHI $151K/yr in 1 mile) Los Angeles suburbs. Adjacent to & visible from Fwy-91. 91% NNN leased. NOI $1.033M/yr. $16.8M. 6.15% cap.
9. Mix-used center in Fort Lauderdale, FL: 3850 SF two-story retail/office building at a hard corner location and in affluent area with an AHI of $118K/yr in1 mile. Across from Coral Ridge Mall, anchored by Target, TJ Maxx and Home Goods. 100% leased. NOI $61K/yr. $769K. 8% cap.
10. Retail Center in Austin, TX: 16,000 SF two-story retail center off/on ramp Hwy-18. Recent property improvements. 79% NNN leased to five tenants with only one vacant unit. NOI $120K/yr. $1.5M. 8% cap. Upside potential when fully leased.

© Transmercial 2013

02-05: Family Dollar, Professional Center, MOB, Office Buildings, Retail Centers

1. Shopping Center in Fairlawn, OH: 33,253 SF well-kept shopping center on nearly 3 acres of land in Akron suburbs.  Across from 770,800 SF Summit Mall anchored by Dillard’s and Macy’s and near I-77.  In high income  (AHI $97K/yr in 3 mile radius) Akron suburbs. 94% NNN leased. NOI $431K/yr. $4.295M. 10.04% cap.
2. Shopping Center in Kissimmee, FL: 23,628 SF consisting of two building constructed in 1999 on 3.95 ac lot in Orlando metro.  Anchored by free standing ground lease (land for sale) Bank of America. At a major corridor. 72% NNN leased. NOI $266K/yr. $3.098M. 8.61% cap.
3. Family Dollar in Fresno, CA: 8320 SF brand new Family Dollar store on 2.36 ac lot off/on ramp& visible to Hwy-180. New 10 yrs NNN corp lease. NOI $110K/yr. $1.595M. 6.90% cap.
4. Retail Center in Duluth, GA: 18,820 SF retail center built in 2004 next to I-85 exit in Atlanta suburbs. Across from Gwinnett Place Mall. 100% leased to 10 tenants. NOI $245K/yr. $2.65M. 9.26% cap.
5. MOB & Professional Center in Laurel, MD: 40,000 SF well maintained medical office building on 3.60 ac lot in growing and high income (AHI $109K/yr) Washington DC metro. Near Hwy-295. 86% leased. NOI $407K/yr. $3.7M. 11% cap.
6. Retail Building in Las Vegas, NV: 6100 SF attractive inline retail center on .63 ac lot.  Shadow anchored by Cardenas grocery (regional tenant with 29 locations) and CVS pharmacy. Near I-515. 100% NNN leased. NOI $155K/yr. $2.3M. 6.76% cap.
7. Office Building in Mission Hills, CA: 37,066 SF Class B multi story office building at a signalized corner location in densely populated Los Angeles county. At a high income area with an AHI of $83K/yr in 1 mile. 88% leased. NOI $464K/yr. $5.65M. 8.22% cap.
8. Shopping Center in Brandon, FL: 29,812 SF   eye-catching shopping center built in 2006 in growing Tampa suburbs. Adjacent to Super Walmart and Home Depot. 80% leased with only one vacant unit. NOI $150K/yr. $2.5M. 6% cap.
9. MOB in Newburyport, MA: 4816 SF three story medical office building in high income (AHI $106K/yr) coastal city. Across from Anna Jaques Hospital. 100% NNN leased to three medical tenants. NOI $77K/yr. $1.25M. 7.50% cap.
10. Shopping Center in Fremont, CA: 63,460 SF well maintained shopping center on nearly 3 acres of land in affluent Silicon Valley suburbs (AHI $106K/yr in 3 mile). 100% leased. $9.95M. Just $156/SF!  NOI/Cap not provided.

© Transmercial 2013