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.
- Macaroni Grill restaurant in Lake Mary, FL: 6859 SF recently built in 1999 on 1.6 acres lot right off I-4 exit in well-off area (AHI $106K/yr) in Orlando suburbs. Surrounded by Home Depot, Big-K, Target, Publix Supermarket, Albertsons, Walgreens, and Gander Mountain. 100% NNN corp ground lease (tenant owns the building and investor owns the lot). Tenant just renew a 5 yrs extension. Store with strong revenue of over $2M in 2009. NOI $115K/yr. $1.6M. 7.15% cap.
- Office building in Sacramento, CA: 74,000 SF 2-story 60-suite well-maintained office building on 4.43 acres lot on the busy Florin Road, just minutes away to I-5 and Hwy 99. 90% occupied. NOI $397K/yr. $4.598M. 8,65% cap.
- Advance Auto Parts in Columbus, OH: 7000 SF new single tenant retail enter on 3.96 acres lot. 15 yrs NNN corp lease. NOI $114K/yr. $1.396M. 8.20% cap. Recession resilient tenant.
- Applebee’s in Lees Summit, MO: 4560 SF built in 1992 and renovated in 2010 on 1.22 acres corner lot in growing middle-class Kansas city metro. 100% NNN corp lease till 2028. NOI $137K/yr with 2% annual rent bump. Store with over $1.6M in sales. $1.61M. 8.51% cap.
- Arby’s in Cincinnati, OH: 2836 SF fast food restaurant on 1.27 acres lot. 100% NNN lease with 17+ yrs remaining to the 2nd largest Arbys franchisee. NOI $74K/yr with 7.5% rent bump every 5 yrs. Store will undergo $250K renovation at tenant’s expenses. $940K. 7.9% cap.
- Strip center in Lone Tree, CO: 5556 SF 3-tenant upscale strip center on .93 ac outparcel in a prime commercial corridor near Costco, and Best Buy in affluent & desirable (AHI Denver suburbs (AHI $116K/yr within 1 mile . 100% NNN leased to 3 tenants. NOI $184K/yr. $2.306M. 8% cap.
- Rite Aid in Methuen, MA: 13,227 SF drug store on 2.63 acres lot just off hwy 213 exit in high income (AHI $81K/yr within 1 mile) Boston metro. Store with strong revenue of over $8.25M. New 20 yrs NNN lease. NOI $324K/yr with 10% rent bump every 10 yrs. $3.797M. 8.55% cap.
- Carl’s Jr in Bakersfield, CA: 2676 SF restaurant built in 2007 on .95 ac lot with 45 parking spaces right at Hwy 58 at Union Ave. 100% NNN leased till 2027. NOI $140K/yr. with minimum 10% rent bump every 5 yrs. $1.995M. 7.01% cap. Property also has a 2650 SF free-standing building with hwy 58 visibility currently vacant. Upside potential when this 2nd building is leased.
- Office Building in Fort Worth, TX: 5600 SF office building on .85 acres parcel. Recently renovated with new HVAC / Plumbing / Electrical / Parking Lot / Doors / ADA Ramps. 10 yrs lease to State of TX (AA- credit rating). NOI $77K/yr. $815K. 9.45% cap.
© Transmercial 2010. All rights reserved.
No comments:
Post a Comment