Top 10 Properties 01-22-10

1. Retail center in Fort Worth, TX: 9244 SF inline retail center built in 2004 on 1.38 acres lot in growing and high income area. Shadow anchored by Albertsons supermarkets. 100% NNN leased by 6 tenants and BofA ATM. NOI $170K/yr. $1.763M. 9.66% cap.
2. Oil Changers in San Jose, CA: 3100 SF franchised Oil Changers with car wash built in 1989 on .45 ac corner slot on busy Monterey road. Tenant has been here for 20 yrs. 100% NNN lease expires on July 2010 (will let you know on Monday if tenant renews lease.) NOI $131K/yr. $1.19M. 11% cap.
3. Shopping Center in Katy, TX: 24,285 SF eye-catching shopping center constructed in 2004 on 1.39 acres of land in growing Houston suburbs with excellent tenant mix: Pizza, Insurance, Curves, Hair Salon, Plaster Funhouse, Dentist, Cleaners, Casual Patio, Katy Tile, Medusa Lounge and Nails Salon. 100% NNN leased. NOI $378K/yr. $3.950M. 9.59% Cap.
4. Retail Center in Austin, TX: 15,438 SF recently constructed retail center on over 2 acres of land with excellent visibility off of Hwy-290. 100% NNN leased. NOI $304K/yr. $3.5M. 8.6% Cap.
5. Dollar General in Jacksonville, FL: brand-new 8998 SF single-tenant retail building on 1.20 acres of land at signalized intersection in close proximity to I-23. Unusual 15-years absolute NNN corp lease. NOI $118K/yr. $1.390M. 8.5% Cap.
6. Strip Center in San Ysidro, CA: 30,625 SF strip center anchored by Factory 2-U with excellent exposure to I-5. 100% NNN leased in the last 10+ yrs. NOI $448K/yr. $4.850M. 9.25% Cap.
7. Jiffy Lube in Gilbert, AZ: 1504 SF free-standing retail building across from Albertsons at high traffic location in growing & well-off (AHI $94K/yr) Phoenix outskirts. 100% absolute NNN leased by strong operator. 3% annual rent increases. NOI $107K/yr. $1.130M. 9.50% Cap.
8. Medical Office in Huntington Beach, CA: 58,518 SF 40-unit well-kept four-story medical office building on 2.60 acres of parcel on Beach Blvd. Ideally located next to Huntington Beach Hospital. Excellent demographics with AHI over $110K/yr. 95% leased. NOI $864K/yr. $10.875M. 7.95% Cap.
9. Family Dollar in Colorado Springs, CO: 10,000 SF all brick retail building on 2.45 acres of land along Bus-24. 100% NNN leased by recession-resistant credit tenant. NOI $86K/yr. $1.020M. 8.5% Cap.
10. Apartments in Houston, TX: two-story 212-apartment complex on 7.50 acres of land with recent upgrades: new roofs, exterior pain and landscape. 94% occupied. Proforma NOI $448K/yr. $4.250M. 9.59% Cap.
    
    Sales Activities:

1. Apartments in Dallas, TX: 63-unit, $2.35M. In contract.
2. Rite Aid in Concord, NC: $2.119M. 10.75% cap. In contract.
3. Rite Aid in Raleigh, NC: $2.647M. 10.75% cap. In contract.
4. Family Dollar in Deltona, FL: $1.466M. 8.75% cap. In contract.
5. Family Dollar in Arlington, TX: $820K. 9.26% cap. In contract.

© Transmercial 2009. All rights reserved.

Top 9 Properties 01-21-10

1. Apartments in Highlands, CA: 106-unit apartments complex on 3.56 acres lot in Sacramento metro. 80% occupied. Gross revenue of $948K/yr. $5.3M. short-sale.
2. Walgreens in Phoenix, AZ: brand new 14,832 SF drug store on 1.38 acres corner lot in well-off area (AHI 106K/yr within 1 mile radius) in Phoenix. New 25 yrs absolute NNN lease. NOI $560K/yr. $7.725M. 7.25% cap.
3. Apartments in Sacramento, CA: 26-unit apartments in strong income area within walking distance to hundreds of restaurants, shops and nightlife. 100% occupied. NOI $146K/yr. $1.95M. 7.5% cap.
4. Office building in Washington, DC: rare 6525 SF 4-story office building completely renovated in 2005. Conveniently located just 2 blocks from metro station and 1 mile from the National Mall/Capitol Hill. Amenities include kitchenettes, elevator service, a roof deck, and security cameras. 100% leased by a non-profit organization. NOI $193K/yr. $2.4M. 8.07% cap.
5. Apartments in San Diego, CA: 27-unit 3-story apartments built in 1987 in great central location with strong rental submarket & gated parking. Scheduled market rent of $249K/yr. $1.9M.
6. Office building in Visalia, CA: 9766 SF office building on ¾ ac lot. 100% occupied by County of Tulare Health & Human Services Agency since 1990. NOI $126K/yr. $1.4M. 9% cap.
7. Ryan’s Grill Buffet in Indianapolis, IN: 9601 SF restaurant on an outparcel to a shopping center anchored by Michaels, Hobby Lobby. New 20 yrs absolute NNN lease with guaranty by Buffet, Inc. NOI $188K/yr with 2% annual rent bump. $1.71M. 11% cap.
8. Carl Jr in Anaheim, CA: 2127 SF franchised restaurant with drive thru on .64 ac lot on a major artery near I-5. Area with high barrier for entry. Densely populated area with over 650K residents within 5 miles. 100% NNN ground lease with 2 yrs left and no options (Note: Investor buys the land and Improvements revert to landlord at end of lease if tenant does not sign a new lease.) Tenant has been at this location for nearly 40 yrs. NOI $80K/yr. $1.23M. 6.5% cap.
9. Davita Dialysis Center in Lakewood, CO: 14,055 SF single-tenant medical building in Denver metro. 100% NNN lease by a national tenant with 6 yrs remaining. NOI $275K/yr with 2% annual rent bump. $3.675M. 7.5% cap. Recession insensitive tenant.
   
   Sales Activities:

1. KFC in Monroe, LA: $922K, 8.25% cap. In contract.
2. Macaroni Grill restaurant in Burlington, MA: $3.35M 8% cap. In contract.
3. CVS in Kennesaw, GA: closed escrow.

© Transmercial 2010. All rights reserved.

Top 8 Properties 01-20-10

AHI: Avg Household Income
NOI: Net Oper Income

1. Shopping Center in Austin, TX: 17,811 SF unique multi-tenant center built in 1995 on over 3 acres of land at signalized intersection with excellent mix of medical/retail/office tenants. 100% leased. NOI $552K/yr. $6.9M. 8% Cap.
2. Apartments in Macon, GA: 108 two-story well-kept multi-family complex with numerous amenities: swimming pool, fitness center, laundry facility in a growing well-off (AHI $92K/yr) city South of Atlanta. 93% leased. Proforma NOI $441K/yr. $5.5M. 8.04% Cap.
3. Michaels Retail Building in Beaumont, TX: 25,725 SF retail building constructed in 1999 on 1.70 acres of parcel across from Wal-Mart at busy retail corridor. 100% NNN leased by national credit tenant. NOI $288K/yr. $2.4M. 9.52% Cap.
4. Rite Aid Pharmacy in Apple Valley, CA: 3-years old 17,340 SF high quality construction retail building on 1.62 acres of land across from Best Buy/Bed Bath & Beyond at signalized intersection. 20-years absolute NNN corp lease. NOI $483K/yr. $5.690M. 8.5% Cap.
5. Jiffy Lube in Omaha, NE: 3113 SF two-years old single-tenant retail building on .32 acre pad with excellent visibility. New 20-years absolute NNN lease with 10% rental increases every 5-years. NOI $74K/yr. $926K. 8% Cap. Excellent for 1st time investor.
6. Tuffy Auto Care Center in Omaha, NE: 3900 SF retail building constructed In 2007 on .63 acre pad across from Wal-Mart near newly constructed Super Target, Office Max, Hobby Lobby and Sports Authority. New 20-years NNN corp lease. NOI $111K/yr. $1.369M. 8.15% Cap.
7. Walgreens Pharmacy in Boise, ID: 13-905 free-standing retail building with excellent visibility at active signalized intersection. Long NNN lease. NOI $406K/yr. $5K. 8.13% Cap.
8. Motel in Wichita, KS: 85-rooms two-story attractive motel conveniently located along main retail corridor across from Towne East Square Mall. $1.990M.
   
   Sales activities:

1. Medical building in mesa, AZ: 5200 SF. 10 yrs NNN lease. Price increased from $1.85M to $1.982M. 7% cap.
2. Portfolio of 3 retail centers in Seattle, WA: 42,052 SF, 7.02% cap. Closed escrow.

© Transmercial 2010. All rights reserved.

Top 8 Properties 01-18-10

NOI: Net Oper Income
AHI: Avg Household Income

1. Borders Books in Plantation, FL: 24,822 SF sing-tenant retail building constructed in 1999 on 2.37 acres lot adjacent to 2.383 Million SF 300-store Sawgrass Mills Mall (6-th largest mall in US). City West of Fort Lauderdale with excellent demographics: AHI over $107K/yr. 100% NNN absolute corp lease with 9 yrs left. NOI $383K/yr. $3.82M. 10% cap.
2. Apartments in Los Angeles, CA: 28-unit 3-story apartments complex in a densely-populated city with over 1M residents within 5 miles radius. NOI $224K/yr. $2.7M. 8.3% cap.
3. Arby’s in Colorado Springs, CO: 3246 SF 5-yrs old franchised fast-foods restaurant on ¾ acre out parcel to a Kings Sooper Grocery and Pharmacy at an intersection of 2 major arteries. Excellent demographics with AHI over $77K/yr and 95% pop growth from 2000-2008. 100% NNN leased by the largest Arby’s franchisee. 14 yrs left on the lease. NOI $129K/yr. with 7.5% rent bump every 5 yrs. $1.7M. 7.59% cap.
4. Retail center in Elk Grove, CA: 7200 SF strip mall as part of a large shopping center in fast growing and upper income Sacramento metro (AHI $86K/yr). Proforma NOI $127K/yr. $1.45M. 8.96% cap.
5. Apartments in Austell, GA: 267-unit 15-building bank-owned apartments complex on 22 acres of land in Atlanta suburbs. Large units with avg size of 1083 SF. Amenities include clubhouse, swimming pool, tennis courts, a fitness center, and on-site laundry facilities. Area with excellent schools. Proforma NOI $850K/yr. $8.5M. 10% cap.
6. Apartments in Anaheim, CA: 8-unit 9022 SF apartments near Disneyland and Anaheim Stadium. 2 4-BR units, 2 -3- BR units, 2 2-BR units and 2 1-BR units. Gross revenue $138K/yr. $1.425M. 8.24% cap.
7. Rite Aid in Raleigh, NC: 10,908 SF drug store built in 2001 on a hard corner with convenient 2 points of access. Fast growing (97%) and upper income area. NNN leased till 2022. NOI $284K/yr. $2.647M. 10.75% cap.
8. Davita Dialysis Center in Marriott Slaterville, UT: 5000 SF 2-yrs old medical office building in Salt Lake City metro. 10 yrs NNN lease by a financially strong national tenant. NOI $88K/yr. $1.054M. 8% cap. Recession insensitive tenant.
   
   Activities:

1. Family Dollar store in Dover, FL: 1.87M. 8.75% cap. In contract.
2. Office Building in Campbell, CA: 40,000 SF. Closed escrow.
3. Retail center in Laredo, TX: price increased from $1.175M to $1.395M.
4. Jack In the Box in Dallas, TX: price increased from $1.031M to $1.095M
5. Jack In The Box in Perris, CA: $2.262M. 6.25% cap. Pretty low cap and yet it’s in contract!
6. CVS Pharmacy in Las Vegas, NV: $2.563M. Zero cash flow. In contract.
7. Jiffy Lube in Surprise, AZ: $1.635M. In contract.
8. Walgreens in Montgomery, IL: $5.915M. 7.1% cap. In contract.
9. Apartments in Watsonville, CA: 11 units, $2M. In contract.

(c) Transmercial 2010. All rights reserved.

When the economy is in recovery phase, it’s time to buy. Below are some evidence from the Wall Street Journal that things are getting better. Prices are likely to go up.
US central bank posts record profit of US$52.1 billion Posted: 13 January 2010 0132 hrs
WASHINGTON: The US Federal Reserve said Tuesday it earned a record profit in 2009 of US$52.1 billion, led by gains on its unorthodox investments and bailouts during the height of the financial crisis. The profit will provide US Treasury with US$46.1 billion from the operations of the central bank.
Banks Set for Record Pay - Top Firms on Pace to Award $145 Billion for 2009, Up 18%, WSJ Study Finds
JANUARY 14, 2010. BY STEPHEN GROCER

Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record sum that indicates how compensation is climbing despite fury over Wall Street's pay culture.

An analysis by The Wall Street Journal shows that executives, traders, investment bankers, money managers and others at 38 top financial companies can expect to earn nearly 18% more than they did in 2008—and slightly more than in the record year of 2007. The conclusions are based on an examination of securities filings for the first nine months of 2009 and revenue estimates through year-end.

Top 6 properties 01-15-10

1. Shopping Center in Greenwood, IN: 41,901 SF shopping center renovated in 2006 on over 4 acres of land along dense commercial corridor. NOI $282K/yr. $3.5M. 8.07% Cap.
2. Apartments in Houston, TX: attractive Class-B 117-units apartment complex on 4.42 acres of parcel near Beltway-8/Hwy-59. NOI $494K/yr. $4.8M. 10.31% Cap.
3. Advance Auto Parts in Jacksonville, FL: 7000 SF single-tenant retail building constructed in 2007 on 1.44 acres of land about one mile from I-295. 11-years remaining on NNN lease with public company. NOI $123K/yr. $1.550M. 7.94% Cap.
4. Burger King in San Fernando, CA: 2792 SF Burger King along busy thoroughfare just minutes from Freeway-210. New 20-years NNN leased by experienced franchisee currently operating 33 restaurants. NOI $144K/yr. $2.057M. 7% Cap.
5. Jack in the Box in Chandler, AZ: 3200 SF free-standing recently remodeled restaurant on .61 acre lot outparcel to East Valley Mall at high traffic location. Rare long absolute NNN corp ground-lease with CPI rent increases every 5-years. Buyer owns the land. NOI $70K/yr. $1M. 7.05% Cap.
6. Community Center in Daytona Beach, FL: 158,667 SF shopping center on 14.59 acres of land with huge monument sign close to Halifax Medical Center. 91% leased. NOI $811K/yr. $8.9M. 9.12% Cap.
   --Upside potential as current rents are below market rent.
   
   Sales activities:

1. MRI medical building in Conyers, GA: $972K. 8.25% cap. In contract.
2. Jack In the Box in Perris, CA: $2.262M. 6.25% cap. In contract.
3. CVS Pharmacy (building only, no land) in Las Vegas, NV: $2.56M. 8.25% cap. In contract.
4. Jack In the Box, Dallas TX: closed escrow.
5. Earl Scheib Auto Paint & body in Long Beach, CA: closed escrow.
6. Public storage in Denton, TX: 1.9M. 9.77% cap. In contract.
7. Walgreens in Louisville, KY: closed escrow.
8. Retail center in Colleyville, TX: closed escrow
9. Retail center in Chicago, IL: closed escrow.
10. McDonald in Fort Worth, TX: $1.5M ground lease (land sale), 6% cap. Closed escrow.

© Transmercial 2010. All rights reserved.

Top 7 Properties 01-14-10

NOI: Net Oper Income
AHI: Avg Household Income

1. Corporate Dollar Tree Retail Building in Philadelphia, PA: 14,867 SF recently renovated free-standing retail building on .60 acre lot close to I-1. 100% absolute NNN corp lease till 2019. NOI $139K/yr. $1.595M. 8.97% Cap.
   Recession-resistant tenant
2. Retail Building in Des Plaines, IL: 5985 SF auto-care retail building across from McDonald’s at prime signalized location close to I-294. 100% leased. NOI $101K/yr. $975K. 10.42% Cap.
3. Shopping Center in Chicago, IL: 17,974 SF well-located shopping center on 1.47 acres of parcel across from Walgreen’s along busy retail corridor with excellent tenant mix: Spring, City of Chicago, Rent-A-Center and Little Caesar’s. 92% NNN leased. NOI $235K/yr. $4.405M. 11% Cap.
4. Strip Center in Houston, TX: 7630 SF attractive strip center constructed in 2004 on .69 acre pad in fast growing area. 100% NNN leased. NOI $152K/yr. $1.8M. 8.5% Cap.
5. CVS Pharmacy in Baytown, TX: 10,906 SF CVS Pharmacy on 1.29 acres of land about .25 miles South of the Medical Complex which includes the Gulf Coast Hospital and Primary Medical Towers off of Loop-201/146. 100% NNN corp lease. NOI $220K/yr. $2.450M. 9% Cap.
6. Retail Center in Oxnard, CA: 10,800 SF attractive shopping center built in 1998 on over 1.1 acre corner lot in a stable coastal city. Shadow-anchored by El Pollo Loco and Jack in the Box. High income area with AHI over $87K/yr within 1 mile radius. 100% leased by 6 tenants. NOI $224K/yr. $2.8M. 8.02% Cap.
7. Medical Office in Las Vegas, NV: 4470 SF L-shaped medical building on 1.34 acres of land with excellent visibility. 100% NNN leased. NOI $107K/yr. $1.016M. 10.62% Cap.
   
   © Transmercial 2010. All rights reserved.

Top 8 Properties 01-13-10

1. Pep Boy Auto center in Austin, TX: 22,279 SF automotive center in a prime commercial retail area with easy access to freeways. 15 yrs absolute NNN corp lease. NOI $230K/yr with 1.5% annual rent increase. $3.032M. 7.61% cap. Favorable seller financing at 6.25% interest.
2. Mini-skool Childcare center in Surprise, AZ: 10,000 SF brand new child care center in an explosive growth Phoenix area (230% since 2000). New 10 yrs NNN lease by a strong national childcare provider. NOI $213K/yr. $2.59M. 8.25% cap.
3. Papa Johns Pizza in Greenwood, CO: 2400 SF free-standing restaurant on ¼ acre lot at signalized corner just off I-25 exit in wealthy Denver suburbs (AHI $122K/yr). 100% NNN lease. NOI $68K/yr with annual rent bump. $940K/yr. 7.28% cap. Great property for first time investors!
4. Strip Center in Saratoga, CA: 6168 SF 4-unit strip center on over ½ acre lot in an affluent town with high barrier for entry. 90% leased with small 620 SF unit vacant. Rent below market. NOI $136K/yr. $2M. 6.8% cap.
5. Shopping Center in Houston, TX: 21,012 SF shopping center built in 1998 on 3.56 acres lot with I-35 frontage. Shadow anchored by Conn’s Appliance. 100% NNN leased by 6 regional tenants. NOI $333K/yr. $3.225M. 10.46% cap!
6. El Pollo Loco Restaurant in Garden Grove, CA: 2264 SF free-standing restaurant on 1/3 ac outparcel to a shopping center anchored by Rite Aid, Big Lots, and Value Plus Food Warehouse. Densely populated city in Orange county with over 825K residents within 5 miles ring. Close to Garden Grove Hospital and Fwy 22. 100% NNN lease with 5 yrs remaining with below market rent. NOI $84K/yr. $1.525M. 5.51% cap.
7. Shopping Center in Manchester, NH: 36,252 SF shopping center on 3.29 acres lot. 95% leased. NOI $268K/yr. $268K/yr. .5M. 7.7% cap.
8. Shopping Center in Plainfield, IN: 50,400 SF shopping center built in 2003 on 5.78 acres lot as part of a 580,000 SF power center home to Kohl's, Pier 1, Old Navy, Bath and Body Works, Dress Barn, and Shoe Carnival. Adjacent to 550,000 SF Metropolis Lifestyle Center anchored by JC Penney, Dick's Sporting Goods, Rave Theatres, and Barnes & Noble in a fast growing Indianapolis suburban. 100% NNN leased. NOI $560K/yr. $5.75M. 9.75% cap.
   
   © Transmercial 2010. All rights reserved.