10-07: Wendys, Shopping Centers, Apartments, Joes Crab Shack, Apartments 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.  Used by Transmercial only.

1. Wendy’s Restaurant in Stone Mountain, GA: 3123 SF Wendy’s Restaurant across from Wal-Mart in fast growing Atlanta suburbs. 15-years remaining on a 20-year absolute NNN lease with 1.5% annual rent increased starting in 2011. NOI $179K/yr. $2.055M. 8.75% Cap.
2. Shopping Center in The Colony, TX: 18,900 SF well-maintained shopping center shadow-anchored by Wal-Mart with excellent visibility in fast growing wealthy Dallas/Fort Worth metro. NOI $274K/yr. $3.330M. 8.25% Cap.      
3. Shopping Center in Decatur, GA: 30,430 SF established shopping center built in 1988 on 4.54 acres lot in Atlanta metro.  Anchored by AutoZone.  100% leased.  NOI $267K/yr. $2.2M. 12.15% cap.
4. Apartments in Fresno, CA: 140-units attractive multi-family apartments consisting of eight 2-story buildings.  Completely remodeled and upgraded in 2003.  Conveniently located close to transportation, freeways, colleges and shopping centers. NOI $401K/yr. $3.6M. 11.13% Cap. This is a short-sale opportunity.
5. Bank-owned Retail Center in McDonough, GA: 9930 SF retail center built in 2003 with excellent egress/ingress along major road. 63.75% leased. NOI $59K/yr. $760K. 7.85% Cap. Upside potential when fully leased.
6. Joe’s Crab Shack in Austin, TX: 6702 SF single-tenant retail restaurant constructed in 1996 on 1.50 acres of land adjacent to heavily traveled Rout-183 surrounded by great mix of retail, office and residential properties. 100% absolute NNN corp lease. 10% rent increases every 5-years. NOI $240K/yr. $3.010M. 8% Cap.
7. Goodwill in Mesa, AZ: 18,646 SF free-standing retail building across from Fiesta Mall anchored by Dillards, Best Buy, Macy’s & Sears at hard corner location. 100% NNN leased. NOI $241K/yr. $2.845M. 8.5% Cap. Recession resistant tenant.
8. Shopping Center in San Diego, CA: 14,042 SF shopping center anchored by Subway, It’s A Grind, Bank of America and Supercuts at signalized intersection. 100% NNN leased by ten-tenants. NOI $527K/yr. $6.5M. 8.11% Cap.
9. Shopping Center in Houston, TX: 20,140 SF retail plaza built in 2008 on 1.62 acres lot.  87% leased.  Current NOI $282K/yr.  Price reduced to $3.15M from $3.4M. 9% cap.  Upside potential thru lease-up.

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