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Blog Archives

05-01: MOB, Outback Steakhouse, Shopping Centers, Strip Centers

  1.   Strip Center in Duluth, GA: 16,340 SF attractive strip center built in 1997 on 1.70 ac lot in fast growing and high income Atlanta suburbs with an AHI of $129K/yr in a 1 mile radius. Shadow anchored by Target & The Home Depot. Across from whole Foods and Publix shopping center. 100% NNN leased to five tenants. NOI $196K/yr. Price reduced from $2.95M to $2.814M. 7% cap. 2.   …Read More

03-29: Arby’s, O’Reilly Auto Parts, Ross Dress For Less, Strip Centers, Shopping Centers

1.   Strip Center in Noblesville, IN: 9,296 SF recently renovated strip center on over 1 ac corner lot in a high income Indianapolis MSA with an AHI of $101K/yr in a 3 mile radius. Leased with long term tenants. NOI $101K/yr. $1.12M. 9.03% cap. 2.   Retail Center in Orem, UT: 20,282 SF attractive retail center completed in 2003 on 1.8 ac lot. Shadow anchored by Macey’s Grocery, a regional operator …Read More

03-18: Mixed-use, Professional Buildings, IHOP Restaurant, Neighborhood Centers, Retail Plazas

  1.   Mixed-use in Palm Bay, FL: 25,200 SF attractive retail/medical center built in 2007 on nearly 3 ac lot. Close to I-95. 100% NNN lease with national, regional and local tenants including Subway, CSI Pediatric Services and Beachside Physical Therapy. NOI $389K/yr. $5.3M. 7.34% cap. 2.   Retail Plaza in North Olmsted, OH: 36,516 SF well kept shopping center on 3.81 ac lot along busy artery in Cleveland MSA. Key …Read More

08-01: Walgreens, Sonic Drive-In, Community Centers, Winstead’s Steakburgers, Auto Centers, Wendy’s, Retail Buildings

1.   Walgreens in Joppa, MD: 11,980 SF drive-thru Walgreens drug store built in 1998 on 4.63 ac lot at a signalized corner location in high income Baltimore MSA. Along Hwy-40 with over 26,000 VPD. 100% NNN- corp leased till 2023. NOI $270K/yr. $3.857M. 7% cap. 2.   Sonic in Montrose, CO: 2,258 SF drive-in single tenant fast food restaurant completed in 1999. Along Hwy-550. Close to Walmart Supercenter. New 15-years absolute …Read More

07-03: Burger King, Office Buildings, Hardee’s, O’Reilly’s Auto Parts, Apartments, Retail Centers

  1.   Burger King in Pontiac, MI: 4,475 SF drive-thru fast food restaurant remodeled in 2016 on 1.48 ac lot in Detroit suburbs. With easy access to I-75. Tenant has been at this location since 2006. Recently executed a new 20 year absolute NNN lease to a strong franchisee with over 800 units. NOI $68K/yr with scheduled rent increases. $1.056M. 6.50% cap. 2.   Hardee’s in Columbia, SC: 3,389 SF Hardee’s …Read More

06-04: Buffalo Wild Wings, Advance Auto Parts, UNO Chicago Grill, Executive Buildings, Retail Plazas

1.   Retail Building in Belton, MO: 44,500 SF newly constructed center on 2.5 ac lot in Kansas City MSA. With easy access to I-49. 100% NNN- corp leased to two national tenants; Marshalls and Ross Dress for Less. NOI $345K/yr. $4.93M. 7% cap. 2.   Strip Center in Lincoln, NE: 16,020 SF well maintained strip center at a main retail hub. Adjacent to Gateway Mall. 100% NNN leased to USPS, Lumber …Read More

05-01: Multifamily, Retail Centers, Shopping Centers

Press Release San Jose, CA., April 30, 2018. — Transmercial, a commercial real estate company in San Jose today announced that it is expanding into the residential real estate market in San Jose. “This expansion will make it simpler for investors who want to sell residential rentals and exchange for commercial properties”, David V. Tran, Chief Investment Advisor said. “They will save time by not having to work with 2 …Read More

04-05: Advance Auto Parts, DaVita, Starbucks Coffee, Denny’s, Brakes Plus, Shopping Centers

1.   Advance Auto Parts in Jacksonville, FL: 7,000 SF single tenant auto parts center at a corner location. 15 year NNN- lease with 5 years left. NOI $135K/yr. $1.84M. 7.35% cap. 2.   Retail Center in Raleigh, NC: 10,100 SF attractive retail center built in 2007 on .90 ac lot. Across from Walmart Supercenter. 100% leased to six tenants. Five NNN leases. NOI $200K/yr. $2.675M. 7.49% cap. 3.   DaVita in Stockton, …Read More

03-05: Professional Buildings, MOB’s, Famous Dave’s, Advance Auto Parts, Retail Centers

  1.   Professional Building in Santa Ana, CA: 13,084 SF Class-B multitenant office building on .52 ac lot in growing Los Angeles suburbs. Part of Brookhallow Business Park, a mixed-use commercial and office complex. Near Hwy-55. 100% leased to four tenants. $4M. NOI/Cap N/A. 2.   Retail Center in Springfield, IL: 18,000 SF well maintained retail center on over 4 ac lot. 100% NNN leased to multiple tenants. NOI $241K/yr. $3.1M. …Read More

02-05: BioMat USA Plasma Center, Jiffy Lube, Medical Buildings, Retail Centers, Neighborhood Centers

1.   Retail Building in Spokane, WA: 17,472 SF retail building completed in 2006 on 1.23 ac lot along major retail corridor. 63% leased to multiple tenants including U.S. HeathWorks and Urgent Care. $1.4M. NOI/Cap N/A. 2.   Plasma Center in Chicago, IL: 18,320 SF completely remodeled retail building on 1.41 ac lot at a signalized corner location. 100% NNN- corp lease till 2027 to BioMat USA. NOI $333K/yr with 2.5% annual …Read More