Top 9 Properties Among 252 08-21-09

Advisory
Bernanke says economy is on verge of recovery. Please click here to read the article.

Transmercial is recently involved in a offer for a Taco Bell restaurant in which our client made an almost full-price offer. It’s been 2 weeks and the seller has not responded to the offer because there were at least 8 offers. The seller probably thinks his property is worth a lot more and wants to wait for an offer above the asking price.

Transmercial believes now is the best time to buy commercial real estate. As the economy enters the recovery phase, investors would have to pay more for commercial properties. There will be more multiple offers as evidenced in the above example.

1. Applebee’s in Duncanville, TX: 4,900 SF Applebee’s Restaurant built in 1995 on 1.78 acres of land off of Hwy-67. Long NNN leased by strong franchisee. NOI $153K/yr. $1.8M. 8.5% Cap.
2. Strip Center in Fremont, NE: 4,089 SF well located strip center on .70 acre lot across from Fremont Medical Center at signalized hard corner location. 100% leased by Verizon, Ace Cash Express and Scooters Coffee. NOI $96K/yr. $1.2M. 8.04% Cap.
3. Family Dollar in Arlington, TX: 9,180 SF Family Dollar retail building constructed in 2005 on .96 acre lot in growing (31.46%) DFW metro. 100% NNN leased by recession resistant tenant. NOI $69K/yr. $948K. 7.27% Cap. Excellent for 1st time investor.
4. Apartments in Houston, TX: attractive all brick 31-units apartments built in 1980 on .48 acre lot near I-10. 100% leased. NOI $103K/yr. $1.150M. 9% Cap.
5. Medical Office in Yuba City, CA: 8420 SF fully leased medical building constructed in 2008 on .91 acre lot in close proximity to Fremont Medical Center. 100% NNN leased. NOI $136K/yr. $1.956M. 7% Cap.
6. Neighborhood Center in Mesa, AZ: 45,751 SF shopping center built in 2004 on over 7 acres of land shadow-anchored by Safeway at prime location. 97% leased with good tenant mix. NOI $1.071M. $11.400M. 9.4% Cap.
7. El Pollo Loco in Palmdale, CA: 2515 SF El Pollo Loco Restaurant conveniently located at main corridor near Fwy-14. New 20-years NNN lease. NOI $140K/yr. $2M. 7% Cap.
8. Walgreen’s Pharmacy in Denver, CO: 13,905 SF single-tenant retail building on over 2 acres of land along I-70. Long NNN lease. NOI $363K/yr. $4.270M. 8.5% Cap.
9. Strip Mall in Orland Park, IL: 12,000 SF strip mall in a middle-class Chicago metro with AHI over $87K/yr. 100% NNN leased by 5 tenants. NOI $139K/yr. $1.580M. 8.5% Cap.
   
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