04-08: Hereford House Steakhouse, Strip Centers, Retail Centers, Office Buildings

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  • Retail Center in Indianapolis, IN: 16,785 SF attractive retail center built in 2008 on 1.79 ac corner lot close to I-74/465.  Tenants include: Huntington Bank, Subway, Sprint, Noble Romans, Gone Kountry and Sky Nails. NOI $257K/yr. $3.32M. 7.75% cap.
  • Hereford House in Leawood, KS: 11,055 SF Steakhouse Restaurant on 1 ac outparcel to Town Center Plaza in high income (AHI $98K/yr) Kansa City suburbs. Close to Menorah Medical Center. 15-yrs absolute NNN lease with 12-yrs left to tenant with 4 locations.  NOI $254K/yr with annual rent increases. $3.512M. 7.25% cap.
  • Office Building in Flower Mound, TX: 16,415 SF Class-B consisting of three medical/office  buildings completed in 1998 on 1.77 ac lot in growing and prosperous Fort Worth/Dallas suburbs with an AHI of $134K/yr. 97% leased to multiple tenants. Actual NOI $206K/yr. $2.55M. 8.10% cap.
  • Retail Center in Altamonte Springs, FL: 52,800 SF well maintained retail center along busy corridor in Orlando suburbs. Close to Altamonte Mall and I-4. Actual NOI $513K/yr. $5M. 10% cap.
  • Retail Center in Kissimmee, FL: 42,183 SF attractive retail center on 4.53 ac lot along Hwy-530 in Orlando metro. Close to Florida Hospital Celebration Health Hospital and I-4. Major tenants include: Ponderosa Steak House and Big Bargain World. 88% leased. Actual NOI $512K/yr. $5.1M. 10.05% cap. Upside potential.
  • Starbucks Coffee in Little Rock, AR: 1750 SF Starbucks Coffee constructed in 2006 on .46 ac lot along busy retail corridor. Near I-430. 10-yrs NNN- corp lease with 2-yrs left. NOI $92K/yr. $1.23M. 7.50% cap.
  • Strip Center in Edinburg, TX: 12,025 SF attractive strip center built in 2007 on over 1 ac lot in McAllen suburbs. Across from Walmart Supercenter. 90% NNN leased. NOI $236K/yr. $3.29M. 7.20% cap.
  • Retail Center in Minneapolis, MN: 30,712 SF well kept retail center at a corner location. 90% leased to Family Dollar, Mega Wash, Adult Day Care and Nokomis Child Care Center. Actual NOI $228K/yr. $2.6M. 8.80% cap.
  • Shopping Center in Topeka, KS: 37,189 SF shopping center on 2.83 ac lot close to West Ridge Mall and I-470. 100% leased to 4 tenants: Goodwill, Going Bonkers, Verizon and Bella Salon. Pro forma NOI $304K/yr. $3.5M. 8.70% cap.
  • Retail Center in Chandler, AZ: 11,665 SF attractive retail center in booming (1,586% pop growth since 2000) and affluent (AHI $112K/yr) Phoenix suburbs. 100% leased. NOI $258K/yr. $3.569M. 7.25% cap.

(c) Transmercial 2015

04-07: Hancock Fabrics, Midas, Midwest Pain Clinic, Retail Centers

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  1. Retail Center in Dickinson, TX: 22,745 SF retail center built in 2009 on nearly 2 ac lot in fast growing and high income (AHI $87K/yr) Houston suburbs. 89% NNN leased. NOI $322K/yr. $3.555M. 9.08% cap.
  2. Hancock Fabrics in Longmont, CO: 15,229 SF well maintained strip center on .94 ac lot at a signalized corner location in Denver metro. Recently renewed 5-yrs lease with roughly 6-yrs left. Pro forma NOI $94K/yr. $1.29M. 7.33% cap.
  3. Midas in Port Charlotte, FL: 4970 SF built-to-suit automotive center on .36 ac lot along major retail artery. 20-yrs NNN lease with 3-yrs left. NOI $74K/yr with CPI rent increases every 2yrs. $999K. 7.50% cap.
  4. Retail Center in Cordova, TN: 15,100 SF attractive retail center constructed in 1991 on 1.43 ac lot in Memphis suburbs. 100% NNN leased to AutoZone, Trinity Learning Center and Advance Prosthetics. NOI $217K/yr. $3.45M. 6.30% cap.
  5. Shopping Center in Allen, TX: 48,849 SF shopping center built in 1999 on 8.46 ac lot at a hard corner location in growing and affluent Dallas suburbs with an AHI of $132K/yr in 1 mile. 86% leased with good tenant mix including: Wendy’ s, Taco Bell, BB&T Bank, H&R Block, Subway, Little Caesars, GNC, Edward Jones and Farmers Insurance among others. Actual NOI $832K/yr. $11.641M. 7.15% actual cap. Upside potential.
  6. Midwest Pain Clinic in Omaha, NE: 26,986 SF Class-A single-tenant medical office building completed in 1993 on 2 ac lot. Close to Methodist Hospital, Westroads Mall and I-680. 10 yrs absolute NNN lease. NOI $332K/yr. $4.6M. 7.22% cap.
  7. Retail Center in Plano, TX: 22,900 SF well maintained retail center constructed in 1999 in growing and affluent Dallas metro with an AHI of $145K/yr in 1 mile. 8.5% cap. NOI/Price N.A.
  8. Retail Center in Lauderhill, FL: 66,103 SF retail center on 8.76 ac lot close to Florida Medical Center in Fort Lauderdale metro. 89% leased with excellent tenant mix. Actual NOI $526K/yr. $7.95M. 6.62% cap.
  9. Shopping Center in Pompano Beach, FL: 61,658 SF well kept shopping center on 4.51 ac lot at a signalized intersection in Fort Lauderdale metro. Near Broward Health Imperial Point. 80% leased. NOI $346K/yr. $4.5M. 7.70% actual cap. Upside potential as rent is below market rent.
  10. Strip Center in Vernon Hills, IL: 12,113 SF attractive strip center on 1.38 ac lot at a signalized intersection in affluent (AHI $115K/yr in a 3 mile ring) Chicago suburbs. 85% leased. NOI $175K/yr. $1.95M. 9% cap.

(c) Transmercial 2015

04-06: Rite Aid, Burger King, Office Building, Strip Centers, Shopping Centers

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  1. Strip Center in Aurora, CO: 15,800 SF attractive strip center built in 2006 on 1.65 ac lot at a hard corner location in high income (AHI $93K/yr in 3 miles) Denver suburbs.  Tenants include: Big 5 Sporting Goods, Subway, H & R Block and Quincy Liquor. 100% NNN- leased. NOI $336K/yr. $4.082M. 8.25% cap. Buyer to assume $2.804M at 5.57% interest rate.
  2. Rite Aid in Antioch, CA: 16,708 SF well maintained drive-thru pharmacy constructed in 2000 on nearly 2 ac corner lot in high income (AHI $96K/yr) Contra Costa County. Adjacent to Epic Care and close to Sutter Delta Medical Center.  20-yrs NNN- corp lease with over 5-yrs left. NOI $303K/yr. with 5% rent bump each 5 yrs options.  $5M. 6.07% cap.
  3. Shopping Center in Chicago, IL: 29,891 SF 14-units well maintained shopping center on over 1 ac lot along major retail artery. 92% leased with good tenant mix including: Aaron’s Little Caesars, Sprint, Subway and Universal Dental Group. NOI $444K/yr. $5.855M. 7.59% cap. Upside potential when fully occupied.
  4. Retail Center in Meridian, ID: 22,008 SF retail center constructed in 1999 on 1.71 ac lot at a high traffic location in growing (49% pop growth since 2000) and upper middle Boise suburbs with an AHI of $83K/yr in 1 mile ring. Across from Meridian Crossroads with, Sportsman’s Warehouse, Ross, Shopko, PetSmart and Beth Bath & Beyond. Close to St. Luke’s Meridians Medical Center and I-84. 100% leased. NOI $269K/yr. $3.845M. 7% cap.
  5. Office Building in Santa Ana, CA: 10,808 SF Class-B multitenant office building on .43 ac lot in densely populated Los Angeles suburbs. Close to Kindred Hospital Santa Ana and with easy access to I-5. 98% occupied. NOI $113K/yr. $1.275M. 8.92% cap.
  6. Burger King in Louisville, KY: 3159 SF fast food restaurant remodeled in 2012 on 1.24 ac lot with good visibility. New 10-yrs NNN lease. NO $82K/yr. $1.38M. 6% cap.
  7. Neighborhood Center in Lake Stevens, WA: 96,341 SF attractive shopping center on over 12 ac lot in high income Seattle suburbs. Anchored by 22,289 SF Rite Aid, Dollar Tree & Ace Hardware. Shadow anchored by Albertsons. 98% leased. $1.259M/yr. $18.25M. 6.90% cap.
  8. Strip Center in Fort Wayne, IN: 12,227 SF attractive strip center on 1.33 ac lot in a high income (AHI $94K/yr) neighborhood. Adjacent to Walgreens and across from Kroger grocery center. Near Dupont Hospital Outpatient Hospital and I-69. 100% NNN leased with national tenants. NOI $224K/yr. $2.839M. 7.90% cap.
  9. Retail Center in Lexington, KY: 13,500 SF attractive retail center on .87 ac lot along busy retail corridor. 80% leased. Actual NOI $124K/yr. $1.55M. 8% actual cap. Upside potential.
  10. Retail Center in Lilburn, GA: 12,480 SF retail center constructed in 2005 on 1.70 ac corner lot in growing Atlanta suburbs. Close to Walmart Supercenter and Home Depot. 100% leased to ten tenants. NOI $193K/yr. $2.415M. 8% cap.

(c) Transmercial 2015

04-03: Pet Paradise, KFC Restaurant, Office Buildings, Retail Centers

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  1. Shopping Center in Chandler, AZ: 55,194 SF well maintained shopping center on 4.62 ac lot at a hard corner location. Across from Home Depot, Safeway and Staples. Close to Chandler Regional Medical Center. 81% leased with good tenant mix including: Anytime Fitness, Filiberto’s, Sweeties Candy, 360 Physical Therapy, Novacur Pin Center and EVDI Medical Imaging among others. NOI $742K/yr. $10.6M. 7% cap.
  2. Office Building in Jacksonville, FL: 16,222 SF Class-A multitenant office building on .74 ac lot along busy artery and near Hwy-1. 100% leased. NOI $195K/yr. $2.325M. 8.36% cap.
  3. Shopping Center in Bell, CA: 22,686 SF consisting of three free standing retail buildings in densely populated Los Angeles area with nearly 900,000 residents in a 5 mile radius. Close to I-710.  Excellent tenant mix with only two vacancies. Actual NOI $566K/yr. $8.7M. 6.51% cap.
  4. Office Building in Keller, TX: 7685 SF Class-B office building constructed in 1999 in affluent (AHI $144K/yr) Fort Worth/Dallas suburbs. 100% NNN leased to four medical/dental & professional tenants. NOI $119K/yr. $1.7M. 7% cap.
  5. Retail Center in Oakland Park, FL: 20,159 SF well maintained retail center on 1.31 ac lot along busy artery in Miami suburbs. Close to I-95. 88% leased. NOI $165K/yr. $2.36M. 7% cap.
  6. Pet Paradise in Plano, TX: 12,000 SF retail building completed in 2012 on 1.42 ac lot in upper middle class Dallas suburbs. Adjacent to major power centers with Costco, Target and Kohl’s. With easy access to Hwy-75. 100% absolute NNN lease with 17-yrs left to a regional operator with over 20 units. NOI $228K/yr with 2% annual rent bumps. $3.04M. 7.50% cap.
  7. KFC in Palm Harbor, FL: 2627 SF KFC Restaurant built in 1999 on over 3 ac lot along Hwy-19 in Tampa suburbs. 100% NNN corp ground lease (land is for sale) with 5-yrs left. NOI $71K/yr. $1.197M. 6% cap.

(c) Transmercial 2015

04-02: FastMed Urgent Care, Professional Centers, Neighborhood Centers, Strip Centers, Office Buildings

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  1. Neighborhood Center in Gladstone, MO: 190,006 SF attractive shopping center on over 15 ac corner lot anchored by 61,990 SF Price Chopper and 51,626 SF Hobby Lobby in Kansas City suburbs. 91% leased with good tenant mix. NOI $1.389M/yr.  Best offer.
  2. Strip Center in Palm Harbor, FL: 9056 SF strip center built in 1999 on nearly 3 ac lot with excellent visibility in upper middle class Tampa suburbs. 100% NNN leased with good tenant mix including The Vitamin Shoppe. NOI $194K/yr. $2.782M. 7% cap.
  3. Shopping Center in Dallas, TX: 75,201 SF well maintained shopping center on 3.67 ac lot in high income (AHI $84K/yr in 3 miles) area. Good tenant mix: ACE Hardware, Spec’ s Liquor, Fresh Market grocery store, PetSmart, Starbucks, Digg’ s Taco Shop, and Luke’ s Locker. NNN leased. Projected NOI $1.6M.  Best offer.
  4. FastMed in Tempe, AZ: 3700 SF well maintained Urgent Care Center built in 1997 on .69 ac lot in Phoenix suburbs. Next to I-10 exit. 10 yrs NNN lease with 2 yrs left. NOI $91K/yr. $1.2M. 7.6% cap.
  5. Professional Center in Brooklyn Park, MN: 18,428 SF Class-B multitenant medical & professional building constructed in 1998 on 2.45 ac lot in high income Minneapolis suburbs with an AHI of $89K/yr in 1 mile. Anchored by Children’ s Hospitals and Clinics of Minnesota.  88% leased. NOI/Cap N/A.
  6. Retail Center in Louisville, KY: 23,408 SF attractive retail center built in 2005 on 3.40 ac lot in growing and high income area. 100% NNN leased to Papa Murphy’s, Liberty Tax, Sola Salon Studio, Langsford Learning Center, University of Louisville Physicians, Kenney Orthopedics, and Tipton & Unroe foot and ankle care. NOI $461K/yr. $6.125M. 7.53% cap.
  7. Retail Center in Spring, TX: 20,888 SF newly renovated retail center on nearly 2 ac lot at a signalized intersection in Houston suburbs. Good demographics: 285% pop growth since 2000 and AHI of $90K/yr in 1 mile. 92% leased. NOI $224K/yr. $2.8M. 8% cap.
  8. Shopping Center in Houston, TX: 30,000 SF recently renovated shopping center on 2.43 ac lot along main corridor & in densely populated area with over 500,000 residents in a 5-mile ring. Excellent visibility.  83% leased. NOI $258K/yr. $3.225M. 8% cap.
  9. Office Building in Glen Rock, NJ: 20,000 SF Class-B office building on .45 ac lot in affluent New York metro with an AHI of $149K/yr in 1 mile. 95% leased to multiple tenants. Actual NOI $192K/yr. $2.4M. 8% cap. Upside potential when fully leased.
  10. Strip Center in Gilbert, AZ: 8616 SF attractive strip center in high growth and high income (AHI $92K/yr in 3 miles) Phoenix suburbs. Near Hwy-202. 100% NNN leased. NOI $124K/yr. $1.665M. 7.50% cap.

(c) Transmercial 2015

04-01: AutoZone, Retail Centers, Shopping Centers, Strip Centers

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Welcome new investors.  Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings on major commercial real estate companies, and various other sources.   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 for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the “Due Diligence Summary” report until they are all resolved prior to closing.

Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+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 in Granite Bay, CA: 86,039 SF well maintained shopping center on over 10 ac lot in affluent Sacramento suburbs with an AHI of $123K/yr in 3 miles. Notable tenants include: Ace Hardware, Ripped Fitness and Dutch Bros. 67% NNN leased. Actual NOI $680K/yr. $10.295M. 6.61% cap. Upside potential when fully leased.
  2. Retail Center in West Haven, CT: 37,050 SF retail center close to I-95. NNN leased to Tutor Time Daycare, Laundry Capital Laundromat, Big Bargain C Discount Store and RVP Recording Studios. NOI $325K/yr. $3.515M. 9.25% cap.
  3. Retail Center in Mundelein, IL: 16,803 SF attractive retail center on 1½ ac lot along busy retail corridor and in high income (AHI $110K/yr in 3 miles) Chicago suburbs. 100% leased by six tenants. NOI $238K/yr. $2.8M. 8.50% cap.
  4. Strip Center in Littleton, CO: 10,000 SF strip center built in 204 on 1.40 ac lot in affluent Denver metro with an AHI of $108K/yr in 1 mile. Near Hwy-470. 100% NNN leased. NOI $208K/yr. $3.05M. 6.85% cap.
  5. Retail Center in Hendersonville, TN: 20,038 SF L-shaped newly constructed retail center in growing Nashville suburbs. Adjacent to Home Depot and close to Walmart Supercenter. 80% leased to seven tenants. Actual NOI $460K/yr. $6.345M. 7.25% actual cap. Upside potential.
  6. AutoZone in San Bernardino, CA: 10,500 SF AutoZone on 1 ac outparcel to Harbor Freight Tools. Near Inland Center Mall with easy access to I-215.  100% leased.  NOI $120K/yr. $2.275M. 5.27%cap.
  7. Retail Center in Phoenix, AZ: 18,952 SF attractive retail center in high income neighborhood with an AHI of $89K/yr in 1 mile. Property is surrounded by Walgreens,  Trader Joe’s, Safeway and Fry’s Grocery centers. 90% NNN leased. Proforma NOI $327K/yr.  $3.6M. 9.1% pro forma cap.
  8. Shopping Center in Cape Coral, FL: 16,000 SF like-new retail center on 1.6 ac lot on a major artery.  87% leased.  NOI $135K/yr. $1.875M. 7.2% cap.

(c) Transmercial 2015

03-31: Walgreens, Tuffy Auto, Retail Centers, Shopping Centers

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  1. Retail Center in Edinburg, TX: 12,025 SF retail center built in 2007 on over 1 ac lot in fast growing McAllen suburbs. Across from Walmart Supercenter. 92% NNN leased with good tenant mix including: Subway, Metro PCS and SuperCuts. NOI $236K/yr. $3.29M. 7.20% cap.
  2. Shopping Center in Crowley, TX: 26,158 SF brick & Stone construction shopping center built in 2003 on 2.54 ac lot in growing and high income Fort Worth suburbs. Tenants include: Vixen Vapors, Integrated Spinal Solutions, Dental Office, Edward Jones, Nail Salon, Stacy Nicole, Advance America, Planet Beach and Italian Restaurant. 61% NNN leased. Actual NOI $175K/yr. $2.815M. 6.25% actual cap. Upside potential.
  3. Strip Center in Fort Worth, TX: 9730 SF strip center completed in 2006 on 1 ac lot along main corridor in growing and high income area with an AHI of $94K/yr in 1 mile. 66% NNN leased with only two vacancies. Actual NOI $87K/yr. $$1.455M. 6% actual cap. Upside potential.
  4. Neighborhood Center in Pearland, TX: 42,719 SF eye-catching shopping center built in 2007 on over 20 acres of land in growing (274% pop growth since 2000) and affluent (AHI $101K/yr in 1 mile) Houston suburbs. Shadow anchored by 100,000 SF Kroger Grocery. On off/on ramp of Fwy-288. 91% leased. Pro forma NOI $989K/yr. $13.2M. 7.5% cap.
  5. Retail Center in Urbandale, IA: 22,771 SF retail center built in 2001 on 3 ac lot in high income (AHI $99K/yr in 3 miles) Des Moines suburbs. Outparcel to Super Target and Home Depot. Next to I-80. 86% NNN leased. NOI $239K/yr. $3.189M. 7.50% cap.
  6. Shopping Center in Midlothian, IL: 62,684 SF shopping center renovated in 2008 on 9 ac lot at a signalized corner location in upper middle class Chicago suburbs. Notable tenants include: Charter Fitness, White Castle, Subway, H&R Block and State Farm. 75% NNN leased. Actual NOI $489K/yr. $6.12M. 8% actual cap.
  7. Walgreens in McDonough, GA: 15,120 SF Walgreens Pharmacy constructed in 2001 on nearly 2 ac lot at a hard corner location in fast growing Atlanta suburbs. 100% NNN- corp lease with 6-yrs left. NOI $347K/yr. $4.968M. 7% cap.
  8. Strip Center in Lithia Springs, GA: 4747 SF attractive strip center constructed in 2010 on .72 ac lot in Atlanta metro. All tenants face main corridor. Adjacent to Walgreens and across from Kroger Center. 100% NNN leased to 3 brand name tenants: AT&T, Church’s Chicken and Liberty Tax. NOI $84K/yr. $1.12M. 7.53% cap.
  9. Tuffy Auto in Port Saint Lucie, FL: 3960 SF auto service center built in 2004 along major retail artery in fast growing city. 100% NNN lease with 4-yrs left. NOI $113K/yr. $1.6M. 7.09% cap.

(c) Transmercial 2015

03-30: Lonestar Steakhouse, MOB, Office Buildings, Shopping Centers

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  1. Shopping Center in Ocala, FL: 90,440 SF attractive shopping center built in 1993 on 15.76 ac lot anchored by Save-A-Lot grocery and Beall’s Outlet. Between Walmart Supercenter and Winn-Dixie Plaza. NNN lease with excellent tenant mix. NOI $756K/yr. $8.975M. 8.43% cap.
  2. Medical Office Building in Sicklerville, NJ: 12,665 SF recently renovated multitenant office building in growing and middle class Philadelphia suburbs. 100% leased. $2.1M. NOI N/A.
  3. Strip Center in Sanford, FL: 8436 SF strip center built in 2004 on nearly 1 ac lot at a signalized intersection.  Adjacent to Walmart Supercenter, close to Seminole Towne Center and I-4. 95% leased to national, regional and local tenants. NOI $223K/yr. $3.195M. 7% cap.
  4. Retail Center in Machesney Park, IL: 10,580 SF retail center on 1 ac outlot to Kohl’s in upper middle class Rockford suburbs. Close to Home Depot and Target. 100% NNN leased to H&R Block, Subway and other stable tenants. NOI $156K/yr. $1.734M. 9% cap.
  5. MOB in Spring Hill, FL: 25,435 SF Class-A consisting of three buildings on 2.89 ac lot in Tampa suburbs. Tenants include: DaVita Dialysis, Renal Hypertension, Bright Beginnings and Horizon Home Health Care. 100% NNN leased. NOI $520K/yr. $8M. 6.50% cap.
  6. MOB in Bryan, TX: 11,960 SF Class-A medical office building constructed in 1997 on 1 ac lot across from St. Joseph Regional Health Center. 100% NNN lease with 5-yrs left to St. Joseph Health Systems. NOI $206K/yr. $2.498M. 8.25% cap.
  7. Lonestar Steakhouse in Cedar Rapids, IA: 8052 SF Steakhouse Restaurant on over 1 ac outparcel to Home Depot and along major retail artery. Across from Lindale Mall. 100% absolute NNN corp lease with 7-yrs left. NOI $156K/yr. $1.96M. 8% cap.
  8. Office Building & Restaurant in Poughkeepsie, NY: 35,000 SF consisting of three story multitenant office building anchored by Bank of America and restaurant on 1.40 ac lot in New York MSA. 80% leased. Actual NOI $760K/yr. $9.5M. 8% actual cap. Upside potential.

(c) Transmercial 2015

03-27: TJ-Maxx, Advance Auto Parts, Fast Auto & Payday Loans, VCA Animal Hospital, O’Reilly, Tire Rama, Mulligan’s Bar and Grill

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  1. Shopping Center in Katy, TX: 32,387 SF attractive retail center built in 2005 on 4.58 ac outlet to Walmart Supercenter in a fast growing and high income (AHI $107K/yr in 3 miles) Houston MSA. Good tenant mix include: Pizza Hut, State Farm, Subway and Payless Shoe Source, Dentist, Tutoring Center, China Buffet, Hair Salon and Nail Salon and more. 89% NNN leased. $585K/yr. Price: Best Offer, expected to trade at $8+M or 7.25% cap.
  2. TJ-Maxx in Spark, NV: 24,647 SF American Department Store constructed in 2012 on over 2 ac lot next to Target. Across from The Outlets Sparks. Near Wild Island Family Adventure Park and I-80.  100% NNN- lease with over 7-yrs left. NOI $245K/yr with 5% rent bumps. $3.8M. 6.5% cap.
  3. Advance Auto Parts in Richmond, VA: 6750 SF automotive center built in 1995 on nearly 1 ac lot in a growing & middle class area. Across from Food Lion & Rite Aid center. 100% NNN lease with 5-yrs let. NOI $89K/yr. $1.238M. 7.25% cap.
  4. Fast Auto and Payday Loans in Hayward, CA: 1,200 SF completely remodeled retail building on .34 ac corner lot at a signalized intersection in Alameda County. Across from Big Lots and 99 Centers Only Store shopping center. Close to Kaiser Permanente Post Acute Hospital and I-238. New 7-yrs NNN lease. NOI $75K/yr. $1.26M. 6% cap.
  5. VCA Animal Hospital in Las Vegas, NV: 5551 SF animal hospital in growing and upper middle class area. 100% NNN lease to publically traded VCA Animal Hospitals (NASDAG: WOOF) with 2-yrs left.  NOI $118K/yr. $1.45M. 8.16% cap.
  6. O’Reilly Auto Parts in Phoenix, AZ: 7000 SF well maintained auto parts store built in 1998 on .83 ac lot at a hard corner location. Recently extended absolute NNN lease with over 8-yrs left. NOI $91K/yr. $1.516M. 6% cap.
  7. Retail Center in Mount Laurel, NJ: 39,182 SF attractive retail center on over 4 ac lot in high income Philadelphia suburbs with an AHI of $105K/yr in a 3-mile ring. 90% NNN lease with excellent tenant mix including: Bank of America, Saladworks, AtlantiCare Urgent Care Center among other national, regional and local tenants. NOI $623K/yr. $8.9M. 7% cap.
  8. Tire Rama in Spokane, WA: 10,754 SF L-shaped auto center at a corner location and along main retail artery. Close to Northtown Mall and Providence Holy Family Hospital. 100% NNN lease with 8-yrs left to a regional tenant with over 40-units. NOI $119K/yr with annual CPI rent bumps. $1.768M. 6.75% cap.
  9. 7-Eleven Retail Building in Lombard, IL: 4850 SF attractive retail building on .53 ac corner lot in high income (AHI $87K/yr in 3 miles) Chicago suburbs. 100% NNN lease to three tenants including 7-Eleven. NOI $84K/yr. $1.125M. 7.50% cap.
  10. Mulligan’s Bar and Grill in Las Vegas, NV: 3500 SF highly rated on Yelp restaurant built in 2001 on .63 ac corner lot in growing and upper middle class area with an AHI of $80K/yr in 3-miles. 16-yrs absolute NNN lease with over 12-yrs left. NOI $150K/yr. $2M. 7.50% cap.

(C) Transmercial 2015

03-26: Hooters, Family Dollar, Fresenius, Shopping Centers

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  1. Hooters in Columbia, SC: 5793 SF Sports Bar & Grill Restaurant built in 1998 on 1.31 ac lot on an off/on ramp of I-27. Adjacent to Columbiana Centre, Walmart Supercenter, Home Depot, and Lowes.  20-yrs absolute NNN corp lease with 10-yrs left. NOI $212K/yr with rent bumps every 5-yrs. $2.599M. 8.20% cap.
  2. Strip Center in Atlanta, GA: 6000 SF attractive strip center constructed in 2009 on .80 ac lot. 1010% NNN leased to Dunkin’ Donuts, Jimmy John’s and Gourmet Sandwiches. NOI $130K/yr. $1.828M. 7.13% cap.
  3. Retail Building in Myrtle Beach, SC: 8058 SF retail building across from Walmart Supercenter and Costco. Close to Coastal Grand Mall with Dillard’s, Belk and JCPenney. 100% NNN leased to Vitamin Shoppe and Men’s Wearhouse. NOI $240K/yr. $3M. 8% cap.
  4. Shopping Center in Henderson, NV: 64,599 SF well maintained shopping center completed in 2003 on 5.74 ac outparcel to Galleria at Sunset. Surrounded by major power centers with Walmart, Target, Bed Bath & Beyond and more. With easy access to Hwy-95. Major tenants include: Walgreens, Buffalo Wild Wings, Panera Bread and Sports Clips. 94% leased. NOI $1.383M/yr. $19.275M. 7.18% cap.
  5. Neighborhood Center in Indianapolis, IN: 102,678 SF well kept shopping center on 11½ ac lot anchored by Big Lots and HHGregg in a fast growing area. Across from Washington Square Mall. 85% leased. NOI $483K/yr.  $6.45M. 7.50% cap.
  6. Retail Center in Houston, TX: 18,864 SF retail center on 1.69 ac lot with excellent visibility. Close to New Forest Crossing and The Shops at Stone Park major power centers. 100% leased with medical and retail tenants including Dow Emergency Care. 8% cap. NOI/Price N/A.
  7. Retail Building in Mesa, AZ: 4900 SF attractive retail building at a signalized intersection. Outparcel to Bashas’ grocery, Big 5 Sporting, Dollar General, Big Lots, Harbor Freight Tools and Goodwill. 100% leased to Filiberto’s Mexican Food & T-Mobile. NOI $137K/yr. $1.82M. 7.54% cap.
  8. Office Building in Charlotte, NC: 24,870 SF Class-B single tenant office building in growing and upper middle class area. New 10-yrs NNN lease to Integra Employer Health. NOI $372K/yr. $4.5M. 8.29% cap.
  9. Office building in Vancouver, WA: 32,000 SF Class-B office building renovated in 2012-2014 on 2 ac lot in Portland suburbs. Near I-5. 95% leased to multiple tenants. Pro forma NOI $245K/yr. $3.65M. 6.70% cap.
  10. Family Dollar & Fresenius in Memphis, TN: 16,269 SF two-tenant retail building in a fast growing area. 100% NNN leased to Family Dollar and Fresenius Dialysis. NOI $226K/yr. $3.55M. 6.38% cap.

(c) Transmercial 2015