- REO Shopping Center in Glendale, AZ: 52,247 SF shopping center consisting of four retail buildings across from Wal-Mart/ Sum’s Club anchored center and next to Fwy-101. Close to Peoria Stadium and Arrowhead Towne Center in Phoenix suburbs. 75% leased. $6.8M.
- Retail Center in Pearland, TX: 7594 SF in-line retail center renovated in 1998 on .59 ac lot close to Hwy-288. In fast growing and well-off (AHI $101K/yr within 3-miles radius) Houston metro. 87% NNN leased. NOI $85K/yr. $1.3M. 6.6% cap.
- Strip Center in Tampa, FL: 7838 SF well-maintained strip center built in 2008 next to main thoroughfare and close to Target, Office Depot and Lowe’s. $1.15M. NOI/Cap not provided.
- Medical Building in Riverdale, GA: 12,256 SF well –maintained multi-tenant medical building anchored by DaVita close to Southern Regional Medical Center in Atlanta outskirts. 100% NNN leased to three tenants: DaVita, Hearing Doctors of GA and Southside Medical Center. NOI $174K/yr. $1.833M. 9.5% cap.
- Cash America in El Paso, TX: 5000 SF newly constructed single-tenant retail building on .96 ac lot adjacent to Wal-Mart & Lowe’s and along main corridor. Absolute NNN lease (NYSE: CSH). NOI $100K/yr w/10% increases every 5-yrs. $1.3M. 7.75% cap.
- Aaron’s in Springfield, OR: 8500 SF single-tenant building on .69 ac lot across from WinCo Foods and near Hwy-126. NNN leased till 2026. NOI $110K/yr. $1.58M. 7% cap.
© Transmercial 2011
- Carl’s Jr in Graham, OR: 2884 SF Carl’s Jr built in 2008 on .6 ac in Portland metro. 100% absolute NNN ground lease (land is for sale) with 18 yrs left to an operator with 13 units. NOI $130K/yr with 10% rent bump every 5 yrs. $1.85M. 7% cap.
- Starbucks in Ogden, UT:1813 SF Starbucks built in 2007 on .38 ac lot in Salt Lake City suburbs. 10 yrs NNN- corp lease with 5.5 yrs left. NOI $93K/yr. in Aug 2012. $1.2M. 7.81% cap.
- Medical Office Building in Pasadena, TX: 51,316 SF multi-tenant attractive class-A medical office building on 4.68 acres lot at an intersection of 2 major arteries in fast growing and high income Houston metro. Easy access to Sam Houston tollway and 1.8 miles 359 bed HCA Bayshore Medical Center. 81% leased with current NOI $706K/yr. $8.8M. 8.03% cap. Upside potential when fully leased.
- Emergency Hospital in San Antonio, TX: 28,355 SF full-service 24/7 emergency hospital renovated in 2011 in high income Northern San Antonio. New 12 yrs NNN lease. NOI $720K/yr with 10% rent bump every 5 yrs. $9M. 8% cap.
- Buffet Restaurant in Phoenix, AZ: 8473 SF Chinese buffet restaurant on 1.29 ac lot on a major artery. 100% NNN lease till 2018. Tenant has been here since 2003. NOI $113K/yr. with generous 3% annual rent bump. $1.38M. 8.25% cap.
- Office Building in Aptos, CA: 2793 SF office building on .44 ac lot in affluent coastal Santa Cruz metro in Northern CA. 100% leased to 2 tenants: Fitness Prescription and American Medical Response. NOI N/A. Just $823K.
- Wendy’s in Spring Hill, FL:2959 SF Wendy’s restaurant built in 2003 on 1.12 ac lot in Tampa suburbs. 15 yrs absolute NNN corp ground lease (land is for sale, tenant owns the building) with 7 yrs left. NOI $69K/yr with 10% rent bump every 5 yrs (next on in 2013). $1.091M. 6.35% cap now and 7% cap in 2013.
- Shopping Center in Houston, TX:23,875 SF shopping center built in 2009 with easy access to Sam Houston tollway. 87% NNN leased. Tenants include Western Union, State Farm, WIC, Colbert Ball Tax Service, Dazzles Hair Salon, Casa de Villa Mexican Restaurant, 249 Sports Grill, Subway, EZ Mobile, Kid's Nutrition. NOI $333K/yr. $3.95M. 8.65% cap.
- Walgreens in Rosedale, MD: 15,120 SF Walgreens on 2 ac lot in high income Baltimore suburbs. 20 yrs NNN- with 11 yrs left. NOI $404K/yr. $5.75M. 7.1% cap.
- Shopping Center in Elizabeth City, NC: 96,416 SF well-maintained shopping center built in 1992. Anchored by Farm Fresh Supermarket and Big Lots with long term leases with 2 anchored tenants contribute 89% of rental income. 99% leased. NOI $512K/yr. $6.5M. 7.88% cap. Assumable debt.
© Transmercial 2011.
- Office Depot in Chicago, IL: 24,526 SF Office Depot adjacent to Jewel-Osco Grocery in densely-populated and affluent area (AHI $129K/yr in 1 mile). 10 yrs NNN corp lease with 7 yrs left. NOI $535K/yr with 10% rent bump in Sept 2013. $7.143M. 7.5% cap.
- Office Building in San Jose, CA: 8000 SF 2-story office building on .55 ac lot next to Hwy 101 with easy access to I-880. Near San Jose airport. Ideal for user owner. $1.575M.
- Office Building in Southlake, TX: 20,616 SF 6-yrs old office building on 1 ac lot in richest zip code in TX (AHI $222K/yr in 1 mile,). 100% lease. NOI $437K/yr. $5.25M. 8.33% cap.
- Burger King in Bakersfield, CA:3128 SF Burger King on 1.18 ac lot near Hwy 178 exit. New 20 yrs NNN lease to a franchisee with 5 units. NOI $78K/yr with 8% rent bump every 5 yrs. $1.25M. 6% cap.
- Daycare Center in Newport News, VA: 11,000 SF build-to-suit childcare center completed in 2010 on 5.19 ac lot in high income area. 15 yrs NNN corp lease to The Learning Experience, a national childcare provider. NOI $242K/yr with 12% rent bump every 5 yrs. $3.125M. 7.75% cap.
- Shopping Center in Pearland, TX:20,452 SF 2-building shopping center on 3 ac lot in fast growing (123% from 2000-2011) and affluent (AHI $140K/yr in 1 mile) Houston suburbs. 100% NNN leased to 8 tenants. NOI $408K/yr. $5M. 8.16% cap.
© Transmercial 2011
- Office Building in Southlake, TX: 8890 SF single-tenant office building in #1 most affluent suburbs in 2008 by Forbes.com (AHI $223K/yr in 1 mile) in Dallas metro. 100% leased. NOI $177K/yr. $1.9M. 9.36% cap.
- Office building in Stow, OH: 38,240 SF 2-yrs old single-tenant 2-story class-A office building in growing and high income Akron metro. 10 yrs absolute NNN lease with 9 yrs left toJDC, a law firm providing complete creditor representation. NOI $573K/yr. with generous 5% annual rent bump starting from 2014. $6M. 9.55% cap.
- Shopping Center in Antioch, CA: 20,635 SF shopping center on 2.1 ac lot across from Somersville Towne Center Mallnear Hwy 4 in San Francisco metro. NOI $202K/yr. (pro form $275K/yr). $2.7M. 10.2% pro forma cap.
- Office Building in Humble, TX: 9800 SF office building in Houston suburbs. 98% occupied. NOI $73K/yr. $825K. 9% cap.
© Transmercial 2011
- Schlotzsky’s Deli in Aurora, CO: 2730 SF Schlotzsky’s Deli built in 1999 on ½ ac outparcel to 466,363 SF power center anchored by King Soopers, Old Navy, Marshalls, Ross, and an AMC Theaters. Fast growing (168% since 2000) and affluent (AHI $154K/yr) Denver suburbs. 10 yrs NNN lease with 7.5 yrs left. NOI $90K/yr with 5% rent bump every 5 yrs. $1M. 9% cap.
- Retail Center in Los Angeles, CA:12,220 SF retail center remodeled in 2001 in densely populated area with over 1M residents in 5 miles. 100% leased to 2 national tenants: O’Reilly Auto Parts and Sherwin William Paints (S&P rating of A). NOI $288K/yr with 12% rent bumps every 5 yrs from both tenants. $4.4M. 6.5% cap.
- Retail Plaza in Salem, OR:10,298 SF 7-unit retail plaza built in 2006 with easy access to I-5 in a growing area. Across from Shopko andWinco Foods. NOI $235K/yr. $2.45M. 9.59% cap.
- Shopping Center in Palmdale, CA:104,811 SF shopping center built in 1994 on 9.76 acres next to Hwy 14 exit in fast growing city in Los Angeles. Anchored by Michael’s, Bevmo, and Ashley Furniture. 100% NNN lease to 12 tenants. NOI $1.513M. $19.25M. 7.9% cap.
- Shopping Center in Palmdale, CA: 15,250 SF shopping center as part of a power center anchored by Target, Lowes, Staples, Best Buy, Barnes & Nobles, Ross, TJ Maxx, Trader Joes and more. 100% NNN leased to 6 tenants: 5 of them national/regional. NOI $491K/yr. $6.2M. 8.2% cap.
- REO’ed Shopping Center in Vista, CA:29,106 SF multi-tenant bank-owned shopping center on 2.43 ac corner lot in growing San Diego suburbs. 41% NNN leased to 7 tenants. Priced below replacement cost. Pro forma NOI $370K. $2.8M. $13.2% cap. Just $96/SF. Strong upside potential!
- Medical Office Building in Big Bear Lake, CA: 23,840 SF 2-story office building on 1.81 ac lot in a Ski resort town. NOI $281K/yr. $3.75M. 7.5% cap. Seller financing available.
- Medical Office Building in Roseville, MI: single-tenant state-of-the-art medical office building completed in 2008 on .7 ac lot in Detroit metro with now highly-profitable auto industry. 10 yrs NNN lease till 2018 to McLaren Health Systems, a large hospital group with $4 billion in revenue. NOI $145K/yr. $1.6M. 9.07% cap.
© Transmercial 2011
- O’Charley’s restaurant in Richmond, VA: 7050 SF family restaurant built in 2001 on 2.06 ac corner lot in growing upper middle class area. 20 yrs absolute NNN corp lease to O’Charleys, Inc (NASDAG CHUX, S&P rating B-) till 2023. NOI $189K/yr with 1.75% annual rent bump. $2.528M. 7.5% cap.
- Medical Office Building in Melbourne, FL: 3293 SF class-A medical office building developed in 1999 on .74 ac lot in affluent (AHI $105K/yr) & fast growing coastal town. 100% absolute NNN lease till 2021 to Brevard Eye Center with 7 locations in FL. NOI $103K/yr. Only $995K. 10% cap.
- Strip Center in Meridian, ID: 3980 SF strip center on 2/3 ac lot in fast growing and high income (AHI $86K/yr in 1 mile) Boise metro. 100% NNN lease. NOI $111K/yr. $1.537M. 7.25% cap.
- Shopping center in Torrance, CA: 18,224 SF mature retail center on over 1 ac lot in high income city (AHI $94K/yr in 1 mile) in Los Angeles (500K people within 5 miles). 92% leased. NOI $375K/yr. $5.889M. 6.37% cap.
- Strip Mall in Boise, ID: 6000 SF 4-unit strip mall on an outparcel to 90,000 SF Shopko. 86% NNN lease with1 small vacant unit. NOI $123K/yr. $1.538M. 8% cap.
- CVS Pharmacy in Fremont, CA: 16,224 SF CVS in an affluent residential town (AHI $123K/yr in 1 mile) in Silicon Valley suburbs with very high barriers to entry & minimal competition (closest drug store 2.3 miles away). 100% NNN lease. NOI $325K/yr. $5.702M. 5.7% cap.
- Jack In the Box in Las Vegas, NV: 2590 SF JIB built in 1997 on .56 ac near I-15 exit. 100% absolute NNN corp lease with 6 yrs left. NOI $131K/yr. with 8% rent bump every 5 yrs. $1.877M. 7% cap.
- Shopping Center in Freehold, NJ: 25,105 SF shopping center in well-off Ney York suburbs (AHI $118K/yr). NOI $399K/yr. $4.2M. 9.5% cap.
© Transmercial 2011.
- Walgreens in Hutchinson, KS: 14,395 SF Walgreens on 2.31 acres lot in Wichita suburbs. 100% absolute NNN lease till 2027. NOI $346K/yr. $4.808M. 7.2% cap. Buyer to assume 3.462M non-recourse loan at 5.51% interest.
- Walgreens in Waukesha, WI: 15,680 SF Walgreens built in 2000 on 2.12 acres lot in Milwaukee suburbs. 100% NNN- lease with 9 yrs left. NOI $400K/yr. $5.5M. 7.27% cap.
- Retail center in Frisco, TX: 10,417 SF retail center built in 2007 on 1.47 acres lot in high income (AHI $114K/yr) and booming (647% since 2000!) Dallas suburbs. 100% NNN leased to 7 tenants including Starbucks, UPS Store, Allstate, Verizon Wireless, and Pet Clinic. NOI $219K/yr. $2.823M. 7.75% cap.
- Jack In the Box in Las Vegas, NV: 2956 SF JIB restaurant built in 2000 on ½ ac lot at major intersection with 49,000 & 50,000 vehicles per day in high income area. 100% NNN corp lease with 7 yrs left. Store with strong sales. NOI $185K/yr with rare 10% rent bump every 5 yrs. $2.652M. 7% cap.
- KFC/Taco Bell in Arlington, TX: 2736 SF new KFC/Taco Bell restaurant on 1.15 ac lot near I-20 exit in growing middle class Dallas metro. 100% NNN lease till 2028 to the 2ndlargest KFC franchisee with 200+ units. NOI $116K/yr. with annual rent bump. $1.724M. 6.75% cap.
- Strip Center in Antelope, CA: 11,057 SF inline retail center built in 2006 on 1.19 ac lot in growing Sacramento metro. Shadow anchored by Bel-Air Supermarket and 24-Hr Fitness. 100% leased to 4 tenants. NOI $182K/yr. $2.435M. 7.5% cap.
- Burlington Coat Factory in Santa Ana, CA: 58,450 SF single-tenant retail building on 5.32 ac lot close to the prestigious South Coast Plazaand I-405. 100% NNN corp lease with 8 yrs left. NOI $1.066M/yr. with a 2.7% increase in 2012. $14.222M. 7.50% cap.
© Transmercial 2011
- Kohl’s in Livermore, CA: 89,000 SF single-tenant retail center built in 2007 on 9.54 acres lot next o Wal-mart and Home Depot. Easy access to I-580 in affluent city (AHI $107K/yr in 1mile) in Northern CA. 25 yrs absolute NNN ground lease (land is for sale, building is owned by tenant). NOI $575K/yr. with 10% rent bump in 2017. $10.952M. 5.25% cap. Buyer to assume $6.9M non-recourse loan at 5.77% interest only till 2017.
- Jiffy Lube in Bellevue, NE: 3137 SF brand new Jiffy Lube on .43 ac lot in Omaha metro with low 4.1% unemployment rate. Brand new 20 yrs absolute NNN lease to an operator with 450 units. NOI $99K/yr with 10% rent bump every 5 yrs. $1.17M. 5% cap.
- Walgreens in Leland, NC: 14,820 SF Walgreens built in 2004 on 1.84 ac lot in Wilmington metro. 100% NNN lease till 2029. NOI $255K/yr. $3.642M. 7% cap.
- REO’ed Retail Plaza in Carrollton, TX: 19,692 SF built in 2007 on 2.18 ac lot in high income (AHI $79K/yr in 1 mile) Dallas suburbs. 76% leased. NOI $247K/yr. $2.27M. 10.89% cap.
- Walgreens in Chicago, IL: 20,483 SF Walgreens retail condo built in 2001 just 4 blocks from Wrigley Field Ballpark (home of the Chicago Cubs) with outstanding demographics (100K residents and AHI $107K/yr in 1 mile). 100% NNN lease till 2021. NOI $349K/yr. $4.985M. 7% cap.
- Retail Plaza in Livermore, CA: 9300 SF well-maintained retail center in home of Lawrence Livermore National Laboratory with strong and stable workforce. Affluent area with AHI $120K/yr in 5 miles. Shadow-anchored by Nob Hill Foods & Rite Aid withnational, regional and local tenants. 91% NNN leased to 7 tenants. NOI $249K/yr. Price reduced from $2.95M to $2.8M. 8.96% cap. Seller very motivated to sell due to partnership breakup.
- Shopping Center in Lakewood, CO: 53,262 SF established shopping center on 4.3 ac lot in Denver metro. 92% NNN leased to 20 tenants. Current NOI $675K/yr. $7.2M. 9% cap.
- Retail Center in Morgan Hill, CA: 5800 SF retail building on .62 ac lot as part of a shopping center anchored by Ross, and Family Dollar store in affluent Silicon Valley suburbs. Only $700K. Strong upside potential when leased.
© Transmercial 2011
- Advance Auto Parts in Pearl, MS: 7000 SF Advance Auto built in 2007 on ¾ ac lot in Jackson metro. 15 yrs NNN corp lease till 2022 with landlord responsible for structure only. NOI $94K/yr. $1.305M. 7.25% cap.
- Neighborhood Center in Crete, IL: 10,200 SF multi-tenant center on 1.25 ac lot in affluent Southern Chicago suburbs (AHI $116K/yr in 1 mile). 100% NNN leases to established tenants. NOI $130K/yr. $1.37M. 9.52% cap.
- IHOP in Pasadena, TX: 4972 SF IHOP restaurant on 1.25 ac lot with frontage on Sam Houston Tollway in upper middle class Houston metro. 20 yrs NNN lease with 18 yrs left to the largest IHOP franchisee with over 250 IHOPs. NOI $189K/yr with annual rent bump. $2.67M. 7.1% cap.
- Jiffy Lube in Peoria, AZ: 2539 SF Jiffy Lube on .59 ac lot in high income Phoenix metro. 100% absolute NNN lease till 2024 to a franchisee with 60 units. NOI $126K/yr. with 2% annual rent bump. $1.51M. 8.35% cap.
- KFC in Stow, OH: 3200 SF newly remodeled KFC in high income (AHI $73K/yr in 1 mile) Akron metro. 20 yrs NNN corp lease to Yum! Brands, Inc. NOI $78K/yr with 7.5% rent bump every 5 yrs. $950K. 8.25% cap.
- Strip Mall in Riverside, CA: 8326 SF strip center on 1.32 ac lot outparcel to a shopping center anchored by Wal-mart, Target, Pier 1 Import, and Petsmart. Surrounded by JoAnn Fabrics, Petco, Old Navy, Marshalls, World Market, Best Buy and more. Next to Moreno Fwy exit in high income and fast growing area. 100% NNN leased to 4 national tenants: Payless Shoesource, Verizon Wireless, GameStop, and Subway. NOI $259K/yr. $3.7M. 7% cap.
- Strip Center in Riverside, CA: 8312 SF 5-unit strip center on 1.04 ac lot outparcel to a shopping center anchored by Best Buy, Michaels, Smart & Final grocery. Across from Target, and Wal-mart in high income and fast growing area. 100% NNN lease. NOI $182K/yr. $2.5M. 7.3% cap.
- Staples in Dallas, TX: 23,942 SF Staples on 1.9 ac lot as the anchored tenant in a shopping center near I-30 with exposure to 227,000 vehicles per day. 15 yrs NNN lease with 4 yrs left. NOI $305K/yr. $3.7M. 8.25% cap.
- Retail Plaza in Bellmore, NY: 5600 SF retail plaza in affluent New York suburbs (AHI $132K/yr). 100% leased. NOI $168K/yr. $2.1M. 8% 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.
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- 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 Norcross, GA: 10,339 SF multi-tenant strip center on 7.26 acres lot in Atlanta suburbs. 100% NNN lease. NOI $223K/yr. $2.9M. 7.89% cap. Property has room for 2 identical centers. Buyer to assume non-recourse loan at 5.3% interest.
- Retail Center in Clovis, CA: 3784 SF retail center on .71 ac outparcel to a shopping center anchored by Orchard Supply Hardware on a high-traffic artery. 100% NNN leased to 2 tenants: Starbucks (till 2018) and Parrot Cellular (with 80 locations). NOI $97K/yr. $1.398M. 7% cap.
- Walgreens in Loveland, CO: 14,000 SF new Walgreens on 2 ac lot 20 minutes North of Denver downtown. 25 yrs NNN lease. NOI $400K/yr. $6M. 6.4% cap.
- Walgreens in Mesa, AZ: 15,525 SF Walgreens on 1.95 acres corner lot in Phoenix metro. 100% NNN- lease with 4 yrs left. NOI $231K/yr. $2.89M. 8% cap.
- Medical Office Building in West Des Moines, IA: 22,849 SF 7-unit medical office building on 3.21 ac lot next to I-235 exit in affluent area (AHI $103K/yr). 86% leased to 6 tenants. NOI $298K/yr. $3.14M. 9.5% cap.
- Retail Center in Billings, MT: 7000 SF retail 1-yr old center on ¾ ac outparcel to Costco & Shopko. Close to Wal-mart, Best buy, Home Depot, Lowe’s, Ross, Michaels, and more. 100% NNN leased to 2 national tenants: Men’s Wearhouseand Qdoba Mexican Grill, both with 10 yr leases. NOI $167K/yr. $2.237M. 7.5% cap.
- Medical Office Building in Los Angeles, CA: 31,787 SF 3-story medical office building completed in 1996 in densely populated area with almost 600K residents within 3 miles. 94% leased to 13 tenants including radiology, surgery center, pediatrics, internal medicine, dental, pharmacy, oriental medicine, chiropractor and cell towers. NOI $582K/yr. $8.5M. 6.84% cap.
© Transmercial 2011