- Retail center in Gloucester, NJ: 15,740 SF established retail center on 1.93 acres lot in densely populated Philadelphia metro. Anchored by 10,000 SF Dollar General store. 100% leased. NOI $157K/yr. $1.92M. 8.23% cap.
- Office Building in Omaha, NE: 17,412 SF office building in high income Omaha metro (AHI $86K/yr in 1 mile). 100% leased. NOI $145K/yr. $1.675M. 8.7% cap.\
- Shopping Center in Pomona, CA: 34,497 SF 25-unit shopping center on 2.42 acres corner lot in high income city in Los Angeles. Excellent visibility with all units facing the main road and easy access to Pomona Fwy. 100% NNN leased with low average rent of $1.69/SF/month. NOI $696K/yr. $9.65M. 7.21% cap.
- Bank-owned Neighborhood Center in Murrieta, CA: 60,390 SF 21-unit high-quality upscale retail center built in 2008 on 5.59 acres lot in fast growing & high income. Anchored by 13,930 SF Fresh & Easy Neighborhood Market with a 20 yrs NNN lease. 55% leased. Current $442K/yr (pro forma $1.027M). Just submit offer.
- Shopping Center in
Lockport, IL: 41,913 SF shopping center built in 2007 high income Chicago
suburbs. Adjacent to Wal-Mart & across from Aldi Food Market.
73% leased. Tenants include Dollar Tree,
Sherwin Williams, Play It Again Sports, GameStop, Great Clips, Cici’s Pizza and
U.S. Cellular. Current NOI $489K/yr. Unpriced but listing broker
expects it to trade at 10% cap.
- Neighborhood
Center in Gilbert, AZ: 54,136 SF center near Banner-Gateway Medical Centerand Fwy-60 in well-off (AHI $84K/yr) Phoenix suburbs. 96% NNN leased. NOI
$487K/yr. $5.73M. 8.5% cap.
- EZ Lube in San Clemente, CA: 2322 SF auto repair center in densely populated coastal resort and next to I-5. 100% NNN corp lease till 2018. NOI $142K/yr with a 15% rent increase in 2013. $1.943M. 7.35% cap.
- Ryan’s Steakhouse in Marrero, LA: 9921 SF restaurant built in 1997 on 1.42 ac lot at main retail blvd in New Orleans suburbs. Corp guaranteed by the nation’s largest buffet operator in the US currently operating 672 locations. Long NNN lease. NOI $165K/yr with annual rent increases. $2M. 8.25% cap.
- Shopping Center in Columbus, OH: 19,546 SF shopping center built in 2003 near the Home Depot and across from Aldi Store. 81% NNN leased. NOI $343K/yr. $3.3M. 10.42% cap.
- Blue Cross in Springfield, IL: 75,960 SF Class-A single-tenant office building on 6 ac lot close to Whit Oak Mall and I-72. Absolute NNN corp lease till 2016. NOI $804K/yr with annual rent bumps. $10.55M. 8% cap.
- Office Building in San Jose, CA: 5475 SF well-maintained office building on .32 ac lot with monument signage located at Willow Glen area (AHI $115K/yr within 1-mile). $1.45M. Excellent for owner user!
- NTB Tire in Dayton, OH: 5284 SF single-tenant auto repair center built in 2001 on .75 ac lot at major thoroughfare. 100% NNN corp lease. NOI $109K/yr. $1.373M. 8% cap.
- Storage Facility in Alpharetta, GA: 43,952 SF 4-level climate controlled storage facility built in 2001 on 1.22 ac lot at intersection of Hwy-120 and cross from Publix shopping center. Affluent Atlanta suburbs. 70% leased. NOI $178K/yr. $2.4M. 7.4% cap.
- Neighborhood Center in Fall River, MA: 106,000 SF center on 7.55 ac lot near New Harbour Mall at heavy commercial corridor. Property has new roof. 96% leased. NOI $824K/yr. $10.999M. 7.5% cap.
© Transmercial 2011
- Shopping Center in Murrieta, GA: 31, 529 SF shopping center built in 2006 on 2.87 ac lot at a signalized corner. Across from Lowes/Kohl’s and with excellent access to I-15 in fast growing and affluent ($AHI $93K/yr) Atlanta metro. 44% leased. NOI $300K/yr. $4.2M. 7.16% cap. Upside Potential.
- Strip Center in San Antonio, TX: 12,231 SF newly constructed strip center anchored by The Home Depot and close to Wal-Mart, Office Depot, Best Buy and Sam’s Club anchored-center. Along major retail thoroughfare and close to I-37. 100% NNN leased. NOI $270K/yr. $3.564M. 7.6% cap.
- Shopping Center in Cordova, TN: 20,400 SF beautiful shopping center built in 2005 on 2.39 ac lot in high income (AHI $104K/yr) Memphis suburbs. 100% NNN leased. NOI $317K/yr. $3.25M. 9.75% cap.
- Shopping Center in Omaha, NE: 40,419 SF well-maintained shopping center on 5.19 ac lot across from Hy-Vee Grocery anchored center and close toAlegent Health Lakeside Hospital. 88% NNN leased. NOI $491K/yr. $5.685M. 8.64% cap.
© Transmercial 2011
Welcome new investors. 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 between $700K-$20M on the market today (please advise if you are interested in properties above $20M). Underlined names if any indicate safe hyperlinks that you can click for more info.
For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number. We may ask you for feedback later for the listing broker. If so, please cooperate.
- 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.
- Strip Center in Kennesaw, GA: brand-new 11,400 SF strip center with good tenant mix: Dunkin Donuts, AT&T, H&R Block, Pizza, Mexican Restaurant and Elite Beer & Wine. Across from Publix Grocery anchored center in upper middle-class Atlanta metro. 100% leased. NOI $253K/yr. $3.17M. 8% cap.
- REO’ed Office Building in Elgin, IL:40,647 SF beautiful multi-tenant office building with easy ingress/egress near I-90 in middle-class Chicago metro. 41% leased to mostly medical tenants. NOI $157K/yr. $1.138M. 13.80% cap. Only $28 per SF!
- Shopping Center in Indio, CA:135,452 SF 22-unit neighborhood center on over 11 acres lot along Hwy-111 in growing and middle-class city Southeast of Los Angeles suburbs. Anchored by K-Mart. 96% NNN leased with Kmart on a ground lease (tenant owns the building, if it does not renew lease than the building is reverted to landowner). NOI $713K/yr. $9.3M. 7.67% cap.
- Apartments in Houston, TX:60-unit multifamily complex close to city transportation, shopping centers, Hospital and I-610. 90% occupied. NOI $125K/yr. $1.25M. 10% cap.
- Retail Center in Joliet, IL:5405 SF retail building on 1.10 ac lot shadow-anchored by Menards (a regional Home Improvements chain) and by proposed Wal-Mart Supercenter in Chicago metro. NNN leased to 2 national tenants: Starbucks Coffee and T Mobile. NOI $248K/yr. $3.31M. 7.5% cap.
- KFC Restaurant in Lincolnton, NC:5010 SF restaurant built in 2007 on 1.15 acres lot close to Carolina Medical Center and Hwy-321. New 20-yrs absolute NNN lease to an operator with 41 stores. NOI $95K/yr with 10% rent bumps every 5-yrs. $1.238M. 7.75% cap.
- Office Building in Cedar Hill, TX:68,591 SF Class-A trophy office building constructed in 2009 on 3.74 ac lot across from Wal-Mart with excellent access to I-67 in Dallas suburbs. 50% leased. Current NOI $441K/yr. $6.9M. 6.4% cap. Upside potential when fully leased.
- Apartments in Duluth, GA:266-unit well-maintained bank-owned apartments close to Gwinnett Place Mall and I-85 in high income Atlanta metro. 95% occupied. NOI $454K/yr. $3.565M. 12.75% cap. 5% down payment possible!
- Buffalo Wild Wings in Calumet City, IL:7027 SF recently remodeled restaurant. Adjacent to River Oaks Shopping Malls in Chicago metro. 18 yrs NNN lease to strong franchisee. NOI $170K/yr. $2.345M. 7.25% cap.
© Transmercial 2011.
- Shopping Center in Chicago, IL: 18,077 SF multi-tenant retail center built in 1989 on .81 ac lot in a very densely-populated area (over 550K residents in 3 miles). Tenants include 7-Eleven, Pizza Hut, Check N Go and local tenants. 97% NNN leased. NOI $280K/yr. $4M. 7% cap.
- Shopping Center in Coral Springs, FL: 20,327 SF well-maintained shopping center in affluent Fort Lauderdale metro. 93% leased. NOI $239K/yr. $3M. 7.97% cap.
- Neighborhood Center in Gastonia, NC: 47,480 SF retail center built in 1993 on over 7 acres lot in Charlotte suburbs. Anchored by Bi-Lo Supermarket, a regional chain with 207 stores. 100% leased. NOI $348K/yr. $3.24M. 10.75% cap.
- Strip Mall in Canton, GA: 12,000 SF strip mall built in 2009 in fast growing and upper middle-class Atlanta suburbs. Adjacent to Home Depot. 84% leased. 84% leased. NOI $238K/yr. $2.56M. 9.3% cap.
- Single tenant Retail Center in Santa Maria, CA: 4860 SF retail center on .44 ac outparcel to Target about 30 minutes North of Santa Barbara. 10 yrs NNN lease to David’s Bridal, Inc. NOI $128K/yr. $2.06M. 6.25% cap.
- Shopping Center in Phoenix, AZ: 66,413 SF 14-unit shopping center built in 1999 on 7.66 acres lot near I-15 on ramp. Anchored by 31, 617 SF Big Lots. 90% leased. NOI $435K/yr. $4.75M. 9.15% cap.
- Office Building in Mountain View, CA: 24,790 SF 2-story office building on 1.3 ac lot about ½ mile from Google headquarters in high income Silicon Valley. 75% leased. Proforma NOI $375K/yr. $5.08M. 7.4% cap.
© Transmercial 2011.
- Walgreens in Shawnee, OK: 13,905 SF Walgreens built in 1998 on 1.69 acres lot at a signalized intersection in Oklahoma suburbs. 20 yrs NNN- with 8 yrs left. Store with strong sales of $12M. NOI $244K/yr. $3.021M. 8.1% cap.
- Strip Center in Loveland, CO: 3523 SF two-tenant retail center built in 2005 on a pad to Albertsons grocery-anchored center in Denver suburbs. 100% NNN leased to Chipotle Mexican Grill and Fred Loya Insurance. NOI $112K/yr with 10% rent bumps every 5-yrs including options. $1.493M. 7.55% cap.
- Family Dollar in Atlanta, GA: 9100 SF retail building built in 2001 on .92 ac lot across from CVS Pharmacy and close to I-20. Proven location: tenant has been here for 10 yrs and just renewed 10 yrs NNN- lease. NOI $91K/yr. $1.138M. 8% cap.
- Wendy’s Restaurant in El Paso, TX: 3136 SF well performing restaurant close to Cielo Vista Mall and I-10. New 20-year NNN lease to strong operator. NOI $153K/yr with 7% rent increases every 5-yrs. Strong sales of over $1.815M. $2.04M. 7.5% cap.
- 5.Best Buy in Lubbock, TX:30,000 SF big-box single-tenant building on 3.14 ac lot adjacent to Lowes and across from Regional Mall. 100% absolute NNN corp lease. NOI $453K/yr. $6.4M. 7.5% cap.
- Retail Center in Hanford, CA: 5190 SF well-maintained retail center built in 1997 shadow-anchored by OSH in CA San Joaquin Valley. 100% NNN leased to Advance America, Baja Fresh and Nurse Boutique. NOI $76K/yr. $915K. 8.31% cap.
- AT&T Retail Building in Pittsburgh, PA: 3000 SF single-tenant retail building adjacent to North Hills Village Mall. New 10-yrs NNN- lease. NOI $126K/yr. $1.68M. 7.5% cap.
- Shopping Center in Orlando, FL: 49,200 SF 12-unit beautiful shopping center built in 2008 on 5.4 acres lot. Anchored by HH Gregg appliances and shadow-anchored by Wal-Mart and Sam’s Club. Current NOI $686K/yr. Price reduced from $9M to $8.2M. 8.36% cap.
- Christian Brothers Automotive in Shawnee, KS: 4921 SF auto center built in 2009 on .98 ac lot across from Dillon’s Grocery anchored center. In affluent ($109K/yr) Kansas City suburbs. 15 yrs absolute NNN corp lease. NOI $176K/yr with 1.5% annual rent increases. $1.963M. 9% cap.
- Strip Center in Greeley, CO: 7878 SF strip center built in 2004 on 1.03 ac at major intersection next to Hwy-34 in affluent Denver suburbs. 100% NNN leased to 3 tenants: On the Rocks Liquor, Hertz and Pizza Hut. NOI $113K/yr. $1.475M. 7.67% cap.
© Transmercial 2011.
- Fresenius Dialysis center in Peoria, IL: 8652 SF built in 2000 on 1.72 acres lot. 100% absolute NNN corp lease till 2024 to Fresenius Medical Care Holdings, Inc. ("FMCH"), the largest provider of dialysis treatment in the US. NOI $212K/yr. $2.735M. 7.75% cap. Note: This location is a state mandated certificate of need location.
- Arby’s in Springfield, IL: 2742 SF Arby’s built in 2000 on .84 ac lot. New 20 yrs absolute NNN lease to the 8-th largest Arby’s operator with 36 units. NOI $102K/yr with 10% rent bump every 5 yrs. $1.316M. 7.75% cap.
- Red Robin in Beavercreek, OH: 6360 SF Red Robin restaurant built in 2003 on 2.09 acres lot adjacent to 144-store Mall at Fairfield Commons in high income Dayton’s suburbs. 15 yrs absolute NNN corp (NasdaqGS: RRGB), ground lease 8 yrs left (land is for sale). NOI $115K/yr with 10% rent bump every 5 yrs. $1.753M. 6.6% cap.
- Aldi Food Market in Chicago, IL: 16,750 SF brand new Food Market on 1.8 acres lot as part of new 50-acres Chatham Market anchored by Wal-mart, Lowes, Home Depot, and I.E.E 14 Movie theater. Nearby retails include Marshalls, Food 4 Less, Bally’s, Staples, Burlington, Best Buy. Densely-populated area with close to 800K residents in 5 miles. 18+ yrs absolute NNN ground lease (land is for sale) to Aldi, an International supermarket chain. NOI $120K/yr with 10% rent bump every 5 yrs. $1.845M. 6.5% cap.
- Retail Center in Miami, FL: 17,813 SF retail center built in 2007 on 3 ac lot near Florida Turnpike 821. Anchored by 7800 SF Davita dialysis. 100% leased to 6 tenants. NOI $336K/yr. $4.45M. 8.52% cap.
- Apartments in Austin, TX: 284-unit class-A apartments on 19.86 acres lot consisting of 14 buildings. Developed in 1999 in fast growing (29% since 2000) and high income area. Amenities including a resort-style pool with a sundeck and Wi-Fi access, a remodeled clubhouse featuring new furniture and a resident coffee bar, 24-hour fitness center, executive business center, pet park, and an on-site clothes care center. 95% occupied. NOI N/A. Unpriced.
© Transmercial 2011.
- Office Building in Northfield, IL: 13,182 SF high-quality construction office building completed in 1996. Easy access to I-94 & in very affluent Chicago metro (AHI $214K/yr in 1 mile!). 100% leased to 4 tenants. NOI $168K/yr. $2.02M. 8.35% cap.
- Rite Aid in Reading, MA: 13,611 SF drug store built in 1997 on 1.5 acres lot in affluent Boston suburbs (AHI $99K/yr). 20 yrs absolute NNN lease with 18 yrs remaining. NOI $301K/yr. with 10% rent bump in 2018. $3.469M. 8.7% cap.
- Olive Garden in Taunton, MA: 7497 SF beautiful Olive Garden Italian restaurant built in 2005 on over 1 ac outparcel to a TJ MAXX, Home Depot, Smokey Barnes, and Target in Boston/Providence suburbs. 15 yrs NNN corp ground lease (land is for sale, tenant owns the building) with 9 yrs remaining. Store with strong over $3M in sales. NOI $136K/yr. $1.951M. 7% cap.
- Shopping/Office Center in Salt Lake City, UT: 42,670 SF 21-unit retail & office center on 2.92 acres lot in growing area. Extensively remodeled in 2008 with stucco and stone façade at a cost of $1.5M. 44% leased. Current NOI $269M. $2.75M. 9.8% actual cap. Strong upside potential when fully lease. This property MUST be purchase with 2.87 acres vacant lot adjacent to the property for additional $1.25M. Total $4M.
- Strip Center in Schertz, TX:12,000 SF strip center built in 2006 on 1.58 acres outparcel to a Wal-Mart in fast growing and high income San Antonio suburbs. Next to I-35 exit. 100% NNN leased to 5 tenants. NOI $192K/yr. $2.6M. 7.41% cap.
- Office Building in Belleview, WA:52,376 SF single-tenant office building on 2.69 acres lot in prestigious & affluent (AHI 111K/yr) area in heart of Seattle. 100% NNN leased to LexisNexis with 6 yrs remaining. NOI $1.25M. $16.25M. 7.7% cap.
- Shopping Center in Fort Worth, TX:181,151 SF shopping center on 12.86 acres lot with several national/regional tenants: Joanne Fabrics, Chili’s, Guitar Center, Tuesday Morning, and Men’s Warehouse. NOI $808K/yr. $9M. 9% cap.
- Bank Owned Apartments in Houston, TX: 250-unit apartments in 13 2&3 story buildings built in 2000 on 23 acres lot in one of Houston’s premier school district. 94% occupied. NOI N/A. Price: just make offer.
- Retail Center in Albuquerque, NM: 22,616 SF 11-unit retail center on 2.64 acres lot. Shadow anchored by Big Lots! 96% leased. NOI $310K/yr. $3.45M. 9% cap.
© Transmercial 2011
For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number. We may ask you for feedback later for the listing broker. If so, please cooperate.
- 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.
- Shopping Center in Ridgeland, MS: 16,075 SF shopping center on busy Hwy-51 and near I-55 in well-off (AHI $84K/yr) Jackson suburbs. NOI $160K/yr. $1.65M. 9.7% cap.
- Strip Center in San Diego, CA: 5000 SF strip center anchored by 7-Eleven in densely populated area. 100% NN leased. NOI $121K/yr. $1.715M. 7% cap.
- Chase Bank in Altamonte Springs, FL: 3578 SF single-tenant building on .58 ac lot at a signalized intersection and with multiple points of access in Orlando suburbs. Shadow anchored by a Publix supermarket. NNN corp lease till 2022. NOI $196K/yr with a 9.65% increase in 2013. $3M. 6.56% cap.
- Shopping Center in Pensacola, FL: 49,768 SF 4-yrs old shopping center on 9.20 acres of land across from The Home Depot/Wal-Mart. 100% NNN leased with 3 national tenants: Office Depot, Ross and Chili’s (Chili’s Restaurant is on Ground Lease). NOI $434K/yr. $5.83M. 7.45% cap.
- Retail Center in Leander, TX: 9600 SF retail center built in 2006 on 1.50 ac lot in Austin metro. Excellent tenant mix: Subway, Super Donuts, Z’s Hair Salon, Marco’s Pizza and Anytime Fitness. 100% NNN leased. NOI $158K/yr. $1.75M. 9.05% cap.
- Shopping Center in Covington, WA: 73,169 SF neighborhood center on 7.92 ac lot anchored by Big 5 Sporting Goods and Big Lots. In a retail corridor across from Wal-Mart. 97% leased. 7% cap. Price not disclosed.
- LA Fitness in Covington, WA: 45,000 SF fitness center on 3.99 ac lot at retail thoroughfare and near Hwy-18 in Tacoma metro. 100% leased. $7.6% Cap. Price not disclosed.
- Shopping Center in Tucson, AZ: 59,494 SF shopping center on 4.84 ac lot at a busy retail corridor and near I-10. Major renovation in 2003. 100% NNN leased. NOI $695K/yr. $7.85M. 8.86% cap. Buyer to assume $5.901M loan at 5.85% rate.
- Shopping Center in Schaumburg, IL: 21,964 SF renovated shopping center as a corner location. 100% NNN leased with strong mix of local/stable tenants. NOI $337K/yr. $4.1M. 8.22% cap.
© Transmercial 2011
- Shopping Center in Woodland, CA: 22,400 SF seven-tenant shopping center a busy signalized intersection Northwest of Sacramento and close to I-5. 94% leased. NOI $96K/yr. $1.29M. 7.5% cap.
- Shopping Center in Glenview, IL:36,597 SF 9-unit shopping center built in 2005 on 3.28 ac lot in very affluent (AHI $127K/yr) Chicago suburbs. . Anchored by Staples and next to Trader Joe’s and Walgreen’s. 100% NNN leased. NOI $740K/yr. $8M. 9.25% cap.
- Shopping Center in Miami Gardens, FL:93,991 SF well-maintained shopping center built in 1991 on 10.19 acres lot in Miami metro. Anchored by Winn-Dixie supermarket. 93% leased. NOI $876K/yr. $10.95M. 8% cap.
- Shopping Center in Arlington, TX:62,676 SF shopping center on 5.5 acres lot in high income Dallas metro (AHI $77K/yr in 1 mile). Anchored by Kroger Supermarket and Family Dollar. 93% leased. NOI $420K/yr. $5.25M. 8% cap.
- Medical Office Building in Joliet, IL: 12,070 SF 5-yrs old medical building on 1.50 ac lot in fast growing & middle-class area in Chicago metro. 100% leased to 5 medical tenants: OB, Fertility Clinic, Sleep lab, Ophthalmologist, and General practice. NOI $236K/yr. $2.41M. 10.25% cap.
- Shopping Plaza in Littleton, CO:33,947 SF shopping plaza in affluent Denver suburbs (AHI $98K/yr in 3 miles). 100% leased. NOI $353K/yr. $4.3M. 8.2% cap.
© Copyright Transmercial 2011.