09-17: Shopping Center, Goodyear tire, Medical Office Bldg, Pizza Restaurant For Sale

Welcome new investors.  Each property has a brief description and an one-page flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  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 on the market today.

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.

NNN-: Triple net lease with landlord responsible for roof and structure.

1. Shopping Center in Lake Hills, IL: 25,466 SF eye-catching plaza constructed in 1997 anchored by ACE Hardware at high-traffic corner location in high income Chicago suburbs. 92% NNN leased. NOI $178K/yr. $2.225M. 8.01% Cap.
2. Goodyear Tire & Auto Center in Sugar Land, TX: 7568 SF well-maintained single-tenant retail building with excellent highway visibility in fast growing & affluent (AHI $117K/yr within 1 mile) Houston suburbs. 100% NNN leased till 2018. 10% increases every 5-years. NOI $151K/yr. $1.729M. 8.78% Cap.
3. Medical Office Building in San Antonio, TX: 6075 SF office building constructed in 2001 just minutes from New Stone Oak Methodist Hospital and North Central Baptist Hospital.  Close to Loop-1604/Hwy-281. 100% NNN leased by multiple medical/professional office tenants. NOI $120K/yr. $1.5M. 8% Cap.
4. Apartments in Brentwood, CA: 52-units two-stories spacious one/two bedroom multifamily building close to downtown, schools, shopping center and public transportation. Fat growing (81% since 2000) middle class San Francisco suburbs.  98% occupied. NOI $315K/yr. $4.150M. 7.61% Cap.
5. Sammy’s Pizza in Las Vegas, NV: 5000 SF attractive free-standing restaurant building on over 1.1 acre lot on busy Sahara avenue with full tavern license and profitable gaming operation. New 10-years NNN lease to Sammy's Pizza with 5 locations in the Las Vegas Valley and 12 more in Southern California. NOI $222K/yr. $2.725M. 8.15% Cap. This is a sale leaseback.
6. Shopping Center in Lakewood, CO: 10,200 SF strip center built in 2006 on 1.93 acres lot at the intersection of 2 major roads in Denver metro.  100% NNN leased by 4 good tenants: Fed-Ex, Pizza Hut, Quizzno’s, and Brothers BBQ.  Surrounded by Super WalMart, PetsMart, Whole Foods, King Soopers, Dick’s Sporting Goods, Target and Nordstrom Rack.  NOI $224K/yr.  Price reduced from $2.99M to $2.75M. 8.25% cap. Buyer to assume 2M loan at 6.19% interest fixed for 6 more yrs.
7. Shopping Center in Pelham, AL: 60,599 SF shopping center in fast growing Birmingham suburbs.  Anchored by Big Lots and Staples along busy thoroughfare. 100% leased. NOI $348K/yr. $3.875M. 9% Cap.
8.  Medical Office in Portland, OR: 30,284 SF 2-story medical office building adjacent to Acute Care Hospital located near major freeways: I-205/I-84. 81% leased. NOI $289K/yr. $4.1M. 7.06% Cap. Upside potential when fully leased.

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