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.
AHI: Avg. Household Income
NOI: Net Operating Income. It’s the income after all expenses (prop. taxes, ins., maintenance) paid.
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. Retail Condos in Fremont, CA: 3000 SF new retail condo in 96,000 SF shopping center. Shadow anchored by 30,000 SF Marina Food, an Asian market. Long term NNN lease to a dim sum restaurant. NOI $81K/yr. $1.349M. 6% cap.
2. Ryan’s Buffet Restaurant in Baton Rouge, LA: 11,571 SF buffet restaurant on 3.09 acres lot refurbished in 2004 in a stable middle class area. 100% absolute NNN lease with 8 yrs remaining and guaranty from Buffet Holdings, Inc., the largest buffet-style restaurant operator with 650 locations in 42 states and $1.4B in revenue. NOI $155K/yr. with 10% rent bump every 5 yrs. $1.722M. 9% cap.
3. Advance Auto in Grand Rapids, MI: 11,163 SF Advance Auto built in 1999 on 1.09 ac lot at the intersection of 2 major arteries. Across from Walgreens. 20 yrs NNN- from Rite Aid (Advance Auto subleases from Rite Aid). NOI $313K/yr. $2.472M. 12.66% cap.
4. Smart & Final in Stanton, CA: 30,476 SF single-tenant retail center renovated in 2008 (tenant spent $2M). Middle-class city in Orange county with over 600k residents in 5 miles ring. 20 yrs NNN- lease to Smart & Final grocery with 235 locations. NOI $549K/yr with 10% rent bump every 5 yrs. $8.446M. 6.5% cap.
5. Apartments in Phoenix, AZ: 75-unit single-story apartments with red-tile roof & copper plumbing on 2.42 acres lot in high income area (AHI $82K/yr). 82% occupied. NOI $230K/yr. $2.65M. 8.7% cap.
6. National Tire & Battery in Douglasville, GA: 12,200 SF single-tenant retail center built in 2005 on 1.26 acres lot as part of a neighborhood center just off I-20. Shadow anchored by Home Depot, Petco, Office Depot, Jo-Ann Fabrics, K-mart, Best Buy, and Lowe’s. 20 yrs NNN lease with 15 yrs remaining to NTB, a auto servicing retailer with over 220 locations. NOI $148K/yr with 10% rent bump every 5 yrs. $1.982M. 7.5% cap.
7. Goodwill Industries in Lancaster, CA: 11,811 SF single-tenant retail center renovated in 2008 on 1.04 acres lot near on-ramp to Hwy 14. 10 yrs NNN lease with 8 yrs remaining to a recession insensitive non-profit organization. NOI $196K/yr. with 10% rent bump every 5 yrs. $2.65M. 7.42% cap.
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