12-13: 24-hr Fitness, Office Building, Wendy's, Burger King Auto Center 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.

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. 24 Hr Fitness Center in Beaverton, OR: new 45,172 SF state-of-the-art fitness center on 3.44 acres lot in an affluent area (AHI $92K/yr in 1 mile).  New 15 yrs NNN lease.  NOI $1.287M/yr. with 12% rent bump every 5 yrs.  $13.5M. 9.5% cap. 
2. Office Building in Morgan Hill, CA: 19,618 SF single-tenant office building on 1.1 acres lot with easy access to hwy 101 in a upper middle class town South of Silicon Valley (AHI $109K/yr in 1 mile).  New NNN lease at close of escrow to Ricken Backer Group, a profitable Collection Agency in the business for 20 yrs (also recession insensitive business).  NOI $282K/yr with 3% annual rent bump.  $3.138M. 9% cap. 
3. Wendy’s in Clermont, FL: 3025 SF restaurant at the intersection of 2 state highways in booming Orlando suburbs (113% pop growth 2000-2009).  New 20 yrs absolute NNN lease to an operator with 84 locations.  NOI $106K/yr with 8% rent bump every 5 yrs.  $1.382M. 7.7% cap. 
4. Burger King in Saint Joseph, MO: 3480 SF restaurant built in 19998 on 1.3 acres parcel.  New 20 yrs absolute NNN lease at closing to a franchisee with 74 locations,  $88M in sales and $20M in net worth.  NOI $141K/yr. $1.825M. 7.75% cap. 
5. Office Building in Dallas, TX: 51,043 SF 4-story office building with visibility from I-30.  Anchored by Resource One Credit Union, US Dept of Labor, and Reliable Life Insurance. 87% leased.  NOI $379K/yr. $3.45M. 11% cap. Just $67/SF (below replacement cost). 
6. Auto Center in Corona, CA: 11,681 SF auto center built in 2009 on 1.26 acres lot next to I-15 exit in a fast growing upper middle-class city in Riverside county.  Anchored by Goodyear Tire (20 yrs NNN lease) and Jiffy Lube (20 yrs NNN lease).  100% NNN leased to 5 tenants.  NOI $371K/yr.  Price reduced to $4.95M.  7.5% cap. 
7. Shopping Center in Ontario, CA: 45,075 SF shopping center on 3.89 acres parcel just off Pomona Fwy exit.  100% leased.  NOI $655K/yr. $7.5M. 9% cap.

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