1. AutoZone in Conyers, GA: 7380 SF auto parts store built in 2006 on 1.24 acres lot in Atlanta metro. 20 yrs NNN- corp lease with AutoZone (NYSE: AZO) with 16 yrs remaining. NOI $121K/yr. $1.676M. 7.25% cap.
2. Medical Office Building in Weatherford, TX: 9072 SF multi-tenant medical office building on 1 ac lot just off I-20 in upper middle class area 15 minutes West of Fort Worth. 100% leased by all medical tenants. NOI $141K/yr. $1.575M. 9% cap.
3. Panda Express in Bolingbrook, IL: 2484 SF franchised restaurant built in 2005 on 1 acre outparcel to Meijer Superstore. Next to Promenade Mall and across from IKEA, Costco. 20 yrs absolute NNN corp ground lease with 15 yrs remaining. NOI $84K/yr with 10% rent bump every 5 yrs. $1.2M. 7.04% cap.
4. Taco Bell in Kansas City, MO: 2600 SF restaurant on .73 ac outparcel to Costco and Home Depot. New 20 yrs absolute NNN lease to a 40-unit operator. NOI $150K/yr. with 8% rent bump every 5 yrs. $1.875M. 8% cap.
5. Popeye’s in Lincoln, NE: 2285 SF restaurant on ½ acres lot in a growing city. 10 yrs NNN lease to 12-unit operator with 7.5 yrs remaining. NOI $69K/yr with 10% rent bump every 5 yrs. Only $773K. 9% cap
6. Short-sale Shopping Center in Algonquin, IL: 34,950 SF single-tenant 3-yrs old retail center in a retail corridor in fast growing upper middle class Chicago suburbs. 10 yrs NNN corp lease with 7 yrs remaining to Harlem Furniture with 26 locations in IL. NOI $540K/yr. $3.9M. 13.85% cap! Note: this is a short sale due to problems with seller’s other properties.
7. Shopping Center in Palmdale, CA: 55,209 SF 10-tenant shopping center on 7.86 acres lot anchored by 24-Hr Fitness, Aaron Rents. Shadow anchored by Superior Grocer and 99$ Cents Only Store. 100% leased. NOI $584K/yr. $6.48M. 9% cap.
8. Applebee’s In Kansas City, KS: 5852 SF restaurant built in 2003 in front of Kansas Speedway, and Legends at the Village West Mall. Store with strong sales of over $2.9M. New 20 yrs NNN lease. NOI $177K/yr. $2.360M. 7.5% cap.
FREE “How to invest in commercial real estate” seminar/webinar.
Date: Sat Nov 13, 2009
Time: 8:55AM to noon PST
Place: Transmercial at 1340 Tully Rd. suite 307. San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).
Presenter: David Tran
This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:
- Compare commercial vs. residential investment properties.
- Commercial real estate terminology: cap rate, NOI, etc.
- Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
- How to choose a good investment property.
- Investment returns
- When is a best time to invest in commercial real estate?
- National demographic trends that may influence on where to invest
- Where should you invest?
- Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
- Property Management issues.
- What you should know about financing for commercial properties.
- The offer process, due diligence.
Please use attached form for reservation for both seminar and webinar. Instruction has been emailed to those who signed up for webinar. Pease advise if you have not received it.
© Transmercial 2010. All rights reserved.
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