It’s a boy!
For those who know my assistant Maria, she just gave birth to a baby boy at 6:20AM today.
Name: Obadiah Martinez. It’s biblical name.
Weight: 7 lbs 9 oz
Length: 20 inches
Mom, dad, baby all are doing fine.
Welcome new investors. Each property has a brief description and an one-page flyer (attached). For a full marketing brochure, please email to maria@transmercial.com. 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 today.
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. Shopping Center Cumming, GA: 14,837 SF shopping center built in 2008 on 1.3 acres lot high affluent Atlanta suburbs. Anchored by Sears Hardware store. Across from Kohl’s, Target and Ross. 33% NNN leased with 7 small vacant units. NOI not avai. Just $1.1M. Just $74/Sf. Strong upside potential when fully leased.
2. Shopping Center in Appleton, WI: 29,000 SF shopping center on 1.71 acres corner lot. Anchored by Dollar General. 90% leased. NOI 99K/yr. Just $1M. 9.9% cap.
1. Walgreens in Louisville, KY: 10,578 SF drug store on a corner lot. 100% NNN lease with 20 yrs remaining. NOI $77K/yr. $1.185M. 6.5% cap. Note: this is the least expensive Walgreens Transmercial is aware of. The price is primarily based on net income.
2. Retail center in Sacramento, CA: 26,720 SF retail center with easy access to Hwy 50. Remodeled in 2006 with new roof, HVAC, electrical, & plumbing. 100% leased to 3 tenants: Kelly Moore Paints, A&A Appliances, A&A Lighting. NOI $275K/yr. $3M. 9.17% cap.
3. Walgreens in Avondale, PA: 12,000 SF drug store built in 2003 on 2.7 acres corner lot in affluent Philadelphia suburbs. 15 yrs NNN- lease with 8 yrs remaining. NOI $213K/yr. $2.558M. 8.35% cap.
4. CVS in Baltimore, MD: 12,608 SF drug store built in 1998 on .91 ac corner lot in a busy artery in densely-populated area. 100% NNN lease with 8 yrs remaining. NOI $235K/yr. (increased to $249K in 2013). $2.85M. 8.25% cap.
5. Shopping Center in Morrisville, PA: 68,179 SF 17-unit shopping center on 8.5 acres corner lot in upper middle class Philadelphia suburbs. Anchored by 28,000 SF Sears Appliances and Hardware. Shadow anchored by Giant Supermarket. 88% leased. NOI $590K/yr. $5.9M. 10% cap.
6. Shopping Center in Wynantskill, NY: 22,800 SF shopping center anchored by Family Dollar store with a new 10 yrs lease. NOI $212K/yr. $2.5M. 8.5% cap.
7. Walgreens in Orlando, FL: 15,930 SF drug store built in 1996 on 1.4 acres corner lot. 100% NNN lease. NOI $273K/yr. $3.643M. 7.5% cap.
8. Single Retail Center in San Dimas, CA: 15,120 SF single-tenant retail center as part of a larger neighborhood center in a middle class area. 100% leased to Pacific Kitchen & Bath, a regional tenant with 41 locations in 3 states. 100% NNN lease with very low rent of $.55/SF. NOI $95K/yr. $1.483M. 6% cap. Just over $100/SF. Upside potential as tenant has option at (believed to be higher) fair market rent.
9. Office Building in Houston, TX: 23,065 SF 2-story office building on a major road in upper middle class area. 94% leased by 13 tenants. NOI $161K/yr. $1.78M. 9.04% cap.
© Transmercial 2010.
AHI: Avg. Household Income. National average is about $50K/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.
- Rite Aid Pharmacy in Douglasville, GA: 11,275 SF newly-constructed single-story retail building along Hwy-5 in fast growing Atlanta metro. Store with very strong sales of over $900/SF which means highly profitable location and landlord highly likely to receive the rent checks. New 20-year absolute NNN corp lease with scheduled 10% increases. $2.950M. 8.65% Cap.
- Office Building in Corona, CA: 7415 SF Class-B two-story multi-tenant office building constructed in 2008 on .48 acre lot close to I-91/15. 89% leased by seven tenants. NOI $107K/yr. $1.295M. 8.28% Cap.
- DaVita Dialysis Center in Manteca, CA: 7168 SF DaVita Dialysis Center conveniently located across from Kaiser Permanente Manteca Medical Center. 100% NNN corp lease with 7-years remaining on original lease. 3% annual rent increases. NOI $196K/yr. $2.91M. 6.75% Cap.
- Shopping Center in Gainesville, FL: 13,129 SF L-shaped shopping center built in 2006 on over 2 acres of parcel with good tenant mix: Chipotle Mexican Grill, Bento Café, Pita Pit, Sprint, Pazzo Bistro and Mochi Frozen Yogurt across from Miacle Mile Butler Plaza near I-75. 100% NNN leased. NOI $359K/yr. $4.4M. 8.20% Cap.
- Office Building in Houston, TX: 23,065 SF well-kept Class-C multi-tenant office building on .88 acre lot. 94% leased by 13 tenants. NOI $160K/yr. $1.780M. 9.04% Cap. Upside potential when fully leased.
- CVS Pharmacy in Daytona Beach, FL: 10,981 SF CVS Pharmacy built in 1998 on 1.61 acres of land located at corner busy intersection. 100% NNN corp lease. NOI $292K/yr. $3.542M. 8.25% Cap.
© Transmercial 2010. All rights reserved.
1. Shopping center in Jacksonville, FL: 68,575 SF 3-yrs old shopping center in an area with excellent demographics: high growth (68% since 2000) and high income (AHI $94K/yr). Shadow anchored by Kohl’s. 97% NNN leased by national credit tenants. NOI $969K/yr. $11M. 8.82% cap.
2. CVS Pharmacy in Daytona Beach, FL: 10,981 SF drug store built in 1998 at an intersection of 2 major arteries. 100% NNN lease with 8 yrs remaining. NOI $292K/yr. $3.542M. 8.25% cap.
3. Shopping Center in Owensboro, KY: 62,924 SF shopping center anchored by Sav-A-Lot Grocery. Shadow anchored by K-mart. NOI $315K/yr. $3.15M. 10% cap.
4. Apartments in Hanover Park, IL: 24-unit apartments in middle class Chicago suburbs. 95% occupied. NOI $132K/yr. $1.55M. 9% cap. Seller will finance with 15% down at 5.5% interest.
© Transmercial 2010. All rights reserved.
1. Walgreens in Kennesaw, GA: 13,600 SF drug store built in 2004 on 1.5 acres corner lot in wealthy Atlantasuburbs (AHI $111K/yr in 1 mile). 100% NNN leased till 2029. NOI $314K/yr. $4.55M. 6.9% cap. Buyer to assume $3.51M non-recourse loan at 5.68% fixed rate till 2017.
2. Shopping center in Orlando, FL: 50,200 SF 1-yr old shopping center on 5.4 acres lot in a fast growing area. Anchored by 30,000 SF Gregg Appliances (NYSE: HGG), a regional appliance & electronics retailer with 139 stores in 15 states. Shadow anchored by Wal-mart and Sam’s Club. 72% leased. NOI $794K/yr. $9.35M. 8.5% cap.
3. Retail Center in Duluth, GA: 18,820 SF retail center built in 2004 on 1.8 acres corner lot next to I-85 exit. High income North East Atlanta suburbs. 100% NNN leased to 10 tenants. NOI $277K/yr. $2.766M. 10% cap.
4. Fresenius Dialysis Center in Chicago, IL: 7540 SF dialysis center built in 2009 on .42 acre lot in densely-populated area. 100% NNN- corp lease with 8 yrs remaining. NOI $174K/yr. $2.411M. 7.25% cap.
5. Taco Bell in Fort Pierce, FL: 2163 SF restaurant built in 1990 on .9 acre. 20 yrs NNN lease with 15 yrs remaining. NOI $126K/yr. with 8% rent bump every 5 yrs. $1.535M. 8.25% cap.
6. Strip Center in Las Vegas, NV: 6000 SF strip center on .96 acre lot on busy Las Vegas Blvd. 75% leased. NOI $89K/yr. $999K. 8% cap.
© Transmercial 2010. All rights reserved.
1. CVS in Roanoke, VA: 10,125 SF drug store on 1.19 acres corner lot. 100% NNN- till 2018. Store with strong sales of $6.789M, i.e. highly profitable and highly likely to renew lease. NOI $231K/yr ($250K in 2013). $2.81M. 8.25% cap.
2. Jiffy Lube in Florissant, MO: 2800 SF Jiffy Lube on .56 acre corner lot in St Louis suburbs. $140,000 renovation in 2009. 100% NNN lease. NOI 74K/yr with 1.25% annual rent bump. $873K. 8.5% cap.
3. Office Depot in Madison, MS: 20,000 single-tenant retail center on 4.13 acres pad in front of Lowe’s and across from Wal-mart supercenter in affluent & growing Jackson suburbs. Right off of I-55 exit. 100% NNN leased till 2020. NOI $207K/yr.$2.3M. 10% cap.
4. Walgreens in Saint Johns, FL: 14,560 SF drug store developed in 2004 at an intersection in affluent Jacksonville suburbs. 100% NNN lease. NOI $382K/yr. $5.55M. 6.9% cap.
5. Single-tenant Office Building in Carrollton, TX: 68,699 SF 2-story class-B office building on 6.87 acres lot in high income Dallas suburbs. 8 yrs lease to Certified Payment Processing, a leading payment processing company with over $3B in transactions. NOI $551K/yr. generous $68K rent bump every 2 yrs (over 10%!). $6.3M. 8.75% cap.
6. Rite Aid in Raleigh, NC: 11,529 SF drug store on 2.73 acres corner lot in high growth, high income area. New 15 yrs NNN lease. NOI $261K/yr. $2.905M. 9% cap.
7. Davita Dialysis in Kenner, LA: 6000 SF dialysis center built in 2002 on 1 acre lot in the high income area North of New Orleans International Airport. 100% NNN lease with 5 yrs remaining. NOI $119K/yr with 3% annual rent bump. $1.35M. 8.87% cap.
8. Shopping Center in Houston, TX: 44,738 SF shopping center on 5.72 acres lot just off of I-45 and across from 1.5M SF Greenspoint Mall. 92% leased to 15 tenants with 2 small vacant units. NOI $535K/yr. $6.3M. 8.5% cap.
© Transmercial. All rights reserved.
Welcome new investors. Each property has a brief description and an one-page flyer (attached). For a full marketing brochure, please email to maria@transmercial.com. 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 today.
AHI: Avg. Household Income. National average is about $50K/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.
- Strip Center in Anaheim, CA: 4532 SF mature multi-tenant strip center along busy retail corridor with excellent visibility in densely populated city in Orange county. Easy access to I-5 and Fwy 91. 100% NNN leased by four established local tenants. NOI $71K/yr. $1.1M. 6.48% Cap.
- Tuffy & Sprint Retail Building in Altoona, IA: 5220 retail center built in 2005 on 1.09 acres corner lot in middle-class Des Moines. Across from Wal-Mart & Lowe’s. 100% NNN leased by national tenants. NO $117K/yr. $1.446M. 8.10% Cap.
- Shopping Center in City of Industry, CA: 20,174 SF shopping center built in 2009 on 2.52 acres lot next to Puente Hills Mall in stable & high income area. 92% NNN leased to Chipotle (950+ Locations), Panera Bread (1,400+ Locations), Jamba Juice (740+ Locations), Vitamin Shoppe (400+ Locations), Wing Stop (600+ Locations), & T Mobile. NOI $942K/yr. $13.47M. 7% cap.
- Shopping Center in Spring, TX: 12,600 SF recently constructed shopping center with excellent visibility to I-45 in fast growing middle-class Houston metro. 100% leased. NOI $262K/yr. $3.075M. 8.55% Cap.
- Neighborhood Center in Houston, TX: 17,400 SF well-maintained neighborhood center built in 2003-2007 with I-45 frontage in high growth & high income Houston suburbs. 100% NNN leased to 8 tenants. NOI $247K/yr. $2.5M. 9.91% Cap.
- Shopping Center in Lacey, WA: 23,145 SF shopping center consisting of three building in growing (28.06%) middle-class (AHI $70K/yr) city just South West of Tacoma. 94% leased. NOI $408K/yr. $4.990M. 8.20% Cap.
© Transmercial 2010. All rights reserved.
1. Single-tenant Retail in San Antonio, TX: 5000 SF single tenant retail center on .53 ac lot to be completed in 2/2011. 10 yrs NNN lease to Cash America. NOI $87K/yr. $1.164M. 7.5% cap.
2. Family Dollar in Philadelphia, PA: 9500 SF Family Dollar store in a densely-populated area with 800K residents in 5 miles ring. 10 yrs NN lease with 5 yrs remaining. NOI $75K/yr. $795K. 9.5% cap. Recession resistant tenant.
3. REO Office Building in Indianapolis, IN: 31,055 SF modern class-A office building on a major artery close to I-465 in high income area. Short distance to 130-store Castleton Square Mall, the largest mall in Indiana. 72% leased. Current NOI $214K/yr. $3M. 7.12% cap. Less than $100/SF! Strong upside potential.
4. Office Building in Sunrise, FL: 9180 SF class-A office building in a wealthy For Lauderdale metro. 100% leased to a national tenant. NOI $148K/yr. $1.65M. 9% cap.
5. Rite Aid in Methuen, MA: 13,227 SF drug store on 2.63 acre just off the Fwy. High income (AHI $81K/yr) Boston suburbs. Store with strong sales of over $8.25M, i.e. very profitable. New 20 yrs NNN lease. NOI $324K/yr with 10% rent bump every 10 yrs. $3.797M. 8.55% cap.
6. Strip Center in Lakewood, CO: 10,200 SF strip mall built in 2006 on 1.93 acres lot at the signalized intersection in Denver metro. Strong retail trade area with Super WalMart, PetsMart, Whole Foods, King Soopers, Dick' s Sporting Goods, Target and Nordstrom Rack. 100% NNN leased to 4 good national/regional tenants: FedEx Office, Pizza Hut, Quizno's and Brothers BBQ. NOI $224K/yr. Price reduced from $2.99M to $2.75M. 8.25% cap.
7. Best Buy in Roanoke, VA: 45,000 SF big box retail center next to 800,000 SF Valley View Mall. 20 yrs NNN corp lease with 10 yrs remaining. NOI $519K/yr. $6.487M. 8% cap. Buyer to assume non-recourse loan.
© Transmercial 2010. All rights reserved.
AHI: Avg. Household Income. National average is about $50K/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.
- Rite Aid in Alpharetta, GA: 10,908 SF Rite Aid Pharmacy on 1.38 acres of land outparcel to Lowe’s at a signalized intersection in growing & wealthy North Atlanta metro. 100% absolute NNN lease till 2019. NOI $217K/yr. $2.350M. 9.25% Cap.
- Texaco Xpress Lube in Tampa, FL: 1633 SF single-tenant retail building shadow-anchored by Big Lots along Hwy-587. 100% absolute NNN lease till 2020. NOI $60K/yr. $800K. 7.5% Cap.
- Retail Center in Northglenn, CO: 7048 SF retail center with excellent visibility along main corridor in middle class (AHI $71K/yr within 1-mile radius) Denver metro. 100% NNN leased by two tenants: MedExpress Urgent Care and Dazbog Coffee. NOI $172K/yr. $2.150M. 8% Cap.
- Ambulatory Surgical Center in Casa Grande, AZ: 6,000 SF free-standing medical office constructed in 2002 adjacent to Casa Grande Regional Medical Center in growing area just South of Phoenix at intersection of I-8/I-10. Long NNN lease till 2022. NOI $204K/yr. $2.4M. 8.5% Cap.
- Rite Aid in Sumter, SC: 12,728 SF Rite Aid with double drive-thru outparcel to Piggly Wiggly anchored shopping center at active intersection approximately 45-miles from Columbia. Location with high store sales. 100% NNN corp lease till 2021. $2.950M. 10.48% Cap. Assumable financing in place: buyer to assume $2.250M loan at 6.20% interest rate.
- Texas Land & Cattle Steak House in Killeen, TX: 7470 SF steakhouse built in 2006 on 2 acres of land. 15 years NNN lease with 12-years remaining. NOI $287K/yr with 2% annual rent increases. $2.803M. 10.25% Cap.
- Applebee’s Restaurant in Lees Summit, MO: 4,560 SF recently remodeled single-tenant restaurant on 1.22 acres at hard corner location in growing middle-class Kansas City metro. 100% NNN corp lease till 2028. NOI $136K/yr. $1.610M. 8.5% Cap.
- Dollar General in Garland, TX: 9,014 SF single-tenant retail building constructed in 2006 on 1.20 acres of land with excellent visibility along main thoroughfare. 100% NN corp lease with 6-years remaining. NOI $59K/yr. $725K. 8.20% Cap.
- Medical Building in West Jordan, UT: 12,305 SF attractive Class-B multi-tenant medial building close to Hwy-154 in fast growing Salt Lake City metro. . Excellent tenant mix. 100% leased. NOI $197K/yr. $2.327M. 8.5% Cap.
- Office Building in Stockton, CA: 12,003 SF recently constructed beautiful office building located at corner location. 100% leased by strong tenant mix. NOI $217K/yr. $2.997M. 7.25% Cap.
© Transmercial 2010. All rights reserved.
Welcome new investors. Each property has a brief description and an one-page flyer (attached). For a full marketing brochure, please email to maria@transmercial.com. 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 today.
AHI: Avg. Household Income. National average is about $50K/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.
- Shopping Center in Henderson, NV: 34,707 SF shopping center consisting of five separate building with excellent tenant mix located at signalized high-traffic corner location in Las Vegas metro. 60% leased. Current NOI $349K/yr. $3.850M. 9.10% Actual Cap. Upside potential when fully leased.
- Strip Center in Duluth, GA: 14,975 SF upscale multi-tenant strip center constructed in 2003 with local/national tenants: Moe’s Southwest Grille, Quizno’s, SportClips and State Farms in fast growing & affluent Atlanta metro (AHI $132K/yr in 1 mile). Across from Arena at Gwinnett Center. 100% leased. $3.270M.
- Goodyear Tire in Ellisville, MO: 6232 SF single-tenant retail building outparcel to Home Depot along dominant retail corridor in affluent (AHI $125K/yr within 5-mile radius) St. Louis suburbs. Long NNN lease. NOI $75K/yr. $1.030M. 8.85% Cap.
- Multifamily Buildings in Dallas, TX: 30-units well-maintained multifamily buildings surrounded by newer residential development with recent renovations totaling over $200K. 90% leased. NOI $128K/yr. $1.3M. 10% Proforma Cap.
- Red Robin Restaurant in Kent, WA: 7541 SF beautifully maintained free-standing retail building constructed in 1993 on 2.13 acres of land in growing northeast of Tacoma. 100% NNN rare corp leased. NOI $174K/yr. $3.835M. 8.5% Cap.
- Strip Center in Santa Ana, CA: 8395 SF well-maintained strip center on .62 acre lot at signalized hard corner location with excellent tenant mix. 100% NNN leased to 5 tenants. NOI $270K/yr. $3.533M. 7.65% Cap.
- Retail Center in Houston, TX: 7630 SF retail center on .69 acre pad with excellent visibility in fast growing area. $1.750M. 8.5% Cap.
© Transmercial 2010. All rights reserved.