03-30: Ross Dress For Less, Medical Buildings, Retail Buildings

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. Strip Center in Van Nuys, CA: 4260 SF strip center along main artery in densely populated Los Angeles area. 100% NNN leased. NOI $108K/yr. $1.495M. 7.25% Cap.
2. Shopping Center in Dallas, TX: 17,882 SF shopping center built in 2002 on 1.76 acres lot.  Shadow-anchored by Super Target with excellent regional/local tenants: T-Mobile, Little Caesars, Payless Shoesource, Game Stop, City Nails and several others. 94% NNN leased. NOI $337K/yr. $4.1M. 8.24% Cap.
3. Shopping Center in Rogers, MN: 46,865 SF newly constructed shopping center on 4.9 acres of land along I-94/52 in fast growing (214.46%) Minneapolis suburbs. Fully occupied by two national tenants: Goodwill lease expires in 2021 and Best Buy lease expires in 2018. NNN leases. NOI $639K/yr. $7.7M. 8.30% Cap.
4. Shopping Center in Kingman, AZ: 49,208 SF recently renovated shopping center at End-Cap location across from Kingman Regional Medical Center off of I-40. 100% NNN leased by Ross Dress for Less and PetSmart. NOI $357K/yr. $4.610M. 7.75% Cap.
5. Retail Buildings in Highlands Ranch, CO: 50,495 SF completely remodeled retail buildings in fast growing (425.67%) & affluent (AHI $98K/yr in 1 mile) Denver suburbs. 100% NNN leased by national tenants. NOI $491K/yr. $6.550M. 7.5% Cap.
6. Retail Center in Vancouver, WA: 36,014 SF retail center along main retail corridor with excellent tenant mix. NOI $442K/yr. $5.2M. 8.5% Cap.
7. Medical Building in Chula Vista, CA: 22,556 SF Class-B medical office building conveniently located between Scripps Mercury Hospital and Sharp Chula Vista Mesta Medical Center. 91% NNN leased. NOI $326K/yr. $5M. 6.53% Cap.
8. Office Building in El Segundo, CA: 30,810 two-story single-tenant office building on 1.53 acres of parcel. 100% absolute NNN leased till 2018 to The Aerospace Corporation. NOI $808K/yr. with 3% annual rent bump.  $10.9M. 7.42% Cap.
9. Strip Center in Oklahoma City, OK: 4526 SF well-maintained strip center anchored by Starbucks Coffee along main retail corridor. 100% NNN leased. NOI $108K/yr. $1.435M. 7.54% Cap.
10. Retail Center in Commack, NY: 6400 SF multi-tenant retail center in wealthy (AHI $113K/yr) neighborhood just East of NY. 100% leased. NOI $152K/yr. $1.7M. 8.95% Cap.  

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