NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income
NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses
Another reason to invest: Transmercial can assist with obtaining up to 70% LTV financing, 5 yrs fixed rate, 25 yrs amortization at as low as 4.56%.
1. Burger King in Corpus Christi, TX: 3105 SF restaurant built in 2008 on 1 ac lot. 20 yrs absolute NNN lease with 18 yrs remaining from a franchisee with 40+ locations in TX. NOI $110K/yr with annual rent bump. $1.375M. 8% cap.
2. Arbys in Greensboro, NC: 3289 SF fast food restaurant built in 1999 on over 1 acres lot just off I-85/40 exit. 100% NNN corp lease with 9 yrs remaining. NOI $101K/yr with 4% rent bump every 2 yrs. $1.224M. 8.3% cap.
3. Hooters Restaurant in Phoenix, AZ: 6207 SF newly remodeled restaurant on 1.2 acres outparcel to Desert Sky Mall. 20 yrs NNN lease. NOI $150K/yr. with 10% rent bump every 5 yrs. $2M. 7.5% cap.
4. Shopping Center in Arvada, CO: 49,912 SF shopping center 4.7 acres parcel in prime retail intersection in Denver metro. Remodeled in 2009and surrounded by Home Depot, TJ Maxx, Bally' s, Bed Bath & Beyond, Petco and Chili's Grill & Bar. 90% leased. NOI $630K/yr. $7.75M. 8.13% cap.
5. Single-tenant Retail in Vancouver, WA: 11,000 SF retail building on .93 acre lot in fast growing and high income area. 100% NNN lease with 9 yrs remaining by Big 5 Sporting Goods. NOI $149K/yr. $2.074M. 7.2% cap.
6. Rite Aid in Graham, NC: 13,824 SF drug store built in 2004 on 1.2 acres in a stable city. 100% absolute NNN lease with 14 yrs remaining. NOI $396K/yr. $3.969M. 10% cap. Court-ordered sale.
7. Shopping Center in Omaha, NE: 29,675 SF retail center built in 1999 on a high-traffic hard corner (66K cars/day) across from Oak View Mall in an affluent area (AHI $96K/yr). 85% NNN leased. NOI $189K/yr. $4M. 9% cap.
8. Shopping Center in Granada Hills, CA: 39,720 SF retail center in densely-populated (over 500K residents within 5 miles ring), upper-middle class (AHI $99K/yr). 100% NNN leased by 3 national tenants: Walgreens, Staples, and E Pollo Loco. NOI $877K/yr. $12.3M. 7.14% cap.
9. Tire Pros in Chandler, AZ: 6429 SF auto service center in growing and strong income Phoenix metro. 10 yrs absolute NNN lease by franchised Tire Pros. NOI 98K/yr with strong 12% rent bump every 5 yrs. Store with strong and increasing $1.4M in annual revenue. $1.15M. 8.5% cap.
10. Family Dollar Store in Tucson, AZ: new 9180 SF dollar store on 1.89 acres lot in strong income area. 10 yrs NN corp lease. NOI $129K/yr. $1.48M. 8.75% cap. Recession insensitive tenant.
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