09-23: Apartments, KFC, Davita Dialysis, Shopping Centers 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. Multifamily Buildings in North Hills, CA: 16-units two-story multifamily complex with several recent capital improvements, close to schools, transit off of Fwy-405 in densely populated Los Angeles area. NOI $103K/yr. $1.425M. 7.29% Cap.
2. KFC in Montgomery, AL: 2358 SF restaurant built in 1999 on .64 acres lot near Walgreens and Walmart in fast growing area.  New 20 yrs absolute NNN lease to an operator with 200+ units.  NOI $87K/yr with 7.5% rent bump every 5 yrs.  $1.165M. 7.5% cap.
3. Industrial Building in San Jose, CA: 9600 SF two-tenant building with recent upgrades near Hwy-101/880. 100% leased to 2 tenants. NOI $78K/yr. $1.125M. 7% Cap.
4. Shopping Center in Santa Ana, CA: 11,545 SF well-maintained shopping center on 1.47 acres of land close to South Coast Plaza (an international shopping destination with 250 stores) at hard corner location (107,000 CPD) in densely populated area.  Nearby national credit retailers including: Target, Petco, Food 4 Less, 99 Cent Only, Michaels and Party City. 100% NNN leased to Fantastic Sams, Game Stop, Round Table Pizza and Subway. NOI $344K/yr. $5.1M. 6.75% Cap.
5. Retail Center in La Verne, CA: 6630 SF retail center shadow-anchored by CVS Pharmacy with excellent visibility along main thoroughfare in close proximity to Fwy-210 in a stable city in Los Angeles. 100% NNN leased by 3 tenants. NOI $115K/yr. $1.920M. 6% Cap.
6. Medical Building in Temple Terrace, FL: 7056 SF class-A single-tenant medical office on over 1 acre lot near the University of Southern Florida in Tampa suburbs. 100% NNN leased by DaVita Dialysis till 2027. $1.785M. 7% Cap.
7. Retail Center in Milwaukie, OR: 15,000 SF mature L-shaped retail center at signalized corner location in stable middle-class Portland suburbs. 100% NNN leased. NOI $175K/yr. $2.190M. 8% Cap.
8. Shopping Center in Houston, TX: 99,727 SF community center on 7.8 acres lot in affluent area (AHI $104K/yr within 3-mile radius).  Anchored by 7000 SF O’Reilly’s Auto Parts, 13,600 SF City Trends Fashion, and 21,300 SF Giant Dollar Store (10 locations in Houston).  100% NNN leased to 17 tenants. NOI $701K/yr. $8.155M. 8.6% Cap.

© Copyright Transmercial 2010.