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. National average is about $50+K/yr.
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. Walgreens in Chicago, IL: 14,820 SF drugstore under construction on 1.38 acres lot. 100% absolute NNN 75 yrs lease. NOI $344K/yr. $4.9M. 7% cap.
2. Shopping Center in Columbus, OH: 34,416 SF shopping center built in 2005on 4.38 acres lot in high income area in North Columbus. 90% leased to 9 tenants with 2 small avail units. Current NOI $529K/yr. 8.86% cap.
3. Single-tenant Office/industrial building in Santa Rosa, CA: 21,623 SF office/industrial building on 1.12 acres lot near intersection of Hwy 101 and 12 in a middle class city North of San Francisco. 10 yrs NNN leased till 2018 to American Medical Response West, an EMSC company (NYSE: EMR). NOI $315K/yr. $3.8M. 8.3% cap.
4. Apartments in San Jose, CA: 6-unit apartments in high income area (AHI $89K/y in 1 mile). Gross income $70K/yr. $760K.
5. Shopping Center in Roswell, GA: 117,392 SF upscale shopping center built in 2000 on 15.54 acres corner lot in affluent (AHI $132K/yr in 1 mile) North Ease Atlanta. Anchored by Kohl’s, Rite Aid, and Petco. Adjacent to Kroger Supermarket. 99% NNN leased. NOI $1.355M. $16.937M. 8% cap.
6. Strip Center in Santa Ana, CA: 3600 SF strip center on .4 acre lot. 100% NNN lease. NOI $58K/yr.$825K. 7% cap.
7. Shopping Center in Laredo, TX: 23,747 SF 14-unit shopping center built in 2007 on 2.3 acres lot next to Target and across from Wal-Mart in a fast growing border city. 95% NNN leased to 13 good tenants: Payless Shoesource, Sally Beauty Supply, Subway, GameStop, Cricket, Citi Financial, State Farm, Ace America's Cash Express, and more. NOI $488K/yr. $5.2M. 9.4% cap.
8. Shopping Center in Somerset, NJ: new 20,164 SF 3-building retail center on 3.29 acres corner lot in booming and affluent city in NY metro (AHI $111K/yr in 1 mile). 100% NNN leased to 3 tenants: Rite Aid (20 yrs), New Millennium Bank (20 yrs), and Dunkin’s Donuts (10 yrs). NOI $768K/yr. $9M. 8.54% cap.
9. Advance Auto in Binghamton, NY: 7000 SF Advance Auto on ¾ ac lot. Tenant just renewed lease for 10 more yrs. NOI $87K/yr. $1.05M. 8.34% cap.
10. Strip center in Roslyn, NY: 6000 SF retail center on 1/3 acre corner lot in a very wealthy city (AHI $180K/yr in 3 miles) East of New York city. 100% NNN leased to 3 long term tenants. NOI $159K/yr. $2.128M. 7.5% cap.
© Transmercial 2011.
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