Welcome new investors. Each property has a brief description and a 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. Underlined phrases if any indicate (safe) hyperlink that you can click for more info.
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. KFC in Ormond Beach, FL: 2836 SF restaurant built in 1990 on .89 acre corner lot in Daytona Beach metro. New 20 yrs NNN lease with no landlord obligations from an operator with 197 locations. NOI $67K/yr. $926K. 7.25% cap. Store with $900K in sales (low 7.5% rent to income ratio).
2. Shopping Center in Irving, TX: 27,498 SF retail center on 3.87 acres lot plus 3 outparcels (valued at $2.7M) right off I-635 exit and near Dallas-Fort Worth Airport. High income area. 77% leased. Proforma NOI $630K/yr. $7M. 9% pro forma cap. Note: The shopping center alone w/o the 3 parcels is $4.3M.
3. Amscot in Rockledge, FL: 2700 SF single-tenant retail center on 1 acre lot near Cape Canaveral. 100% NNN leased to Amscot Financial Services, a regional tenant till 2015. NOI $92K/yr. with 3% annual rent bump. $1.074M. 8.54% cap.
4. Shopping Center in Hesperia, CA: 53,259 SF shopping center built in 2008 on over 6 acres corner lot in high growth area. Anchored by 14,000 SF Fresh & Easy market, and 7500 SF Davita Dialysis. 92% NNN leased. Pro forma NOI $1.07M. $14.315M. 7.5% cap.
5. Strip Center in Albuquerque, NM: 7934 SF strip center on ¾ ac lot. 100% NNN leased to 3 tenants. NOI $101K/yr. $1.266M. 8% cap.
6. Apartments in Mesa, AZ: 96-unit apartments with 80 2-BR units in Phoenix metro. Amenities include swimming pool and club house. 85% occupied. NOI $208K/yr. $2.45M. 8.5% cap.
7. Short sale Financial Center in Scottsdale, AZ: 29,530 SF 2-story office building on 2.5 aces lot in affluent Phoenix metro (AHI $132K/yr). 34% occupied. Pro forma NOI $252K/yr. $2.8M. 9% cap.
8. Retail Center in Lakeside, CA: 9600 SF retail center in San Diego metro. 100% leased. NOI $145K/yr. $1.75M. 8.3% cap.
9. Shopping Center in Lexington, KY: 13,900 SF retail center adjacent to Lowe’s and Wal-Mart in growing area. 100% NNN leased to 6 tenants. NOI $287K/yr. $3.591M. 8% cap.
10. Wendy’s in Cypress, TX: 3397 SF restaurant built in 2004 on .97 ac outparcel to Kroger Supermarket in booming middle class Houston suburbs. Store with strong sales of $1.44M. New 20 yrs NNN lease. NOI $112K/yr. $1.425M. 7.88% cap.
© Transmercial 2011.
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