04-08: Rite Aid, Shopping centers, Wendy's, Big Boy, Best Buyer, Office Building

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. Rite Aid in Gastonia, NC: 10,908 SF Rite Aid Pharmacy built in 1999 on 1.40 ac lot in middle-class Charlotte suburbs. 100% absolute NNN corp lease with 2% increases every 5-years. NOI $272K/yr. $2.658M. 10.25% Cap.
2. Shopping Center in Las Cruces, NM: 65,558 SF shopping center anchored by Factory-2-U, Rent-A-Center, Dollar Tree.  Shadow-anchored by Albertsons Supermarkets. 97% NNN leased with 66% spaces leased to national and regional tenants. NOI $700K/yr. $7.785M. 9% Cap.
3. Wendy’s Restaurant in Milwaukee, WI: 2594 SF retail building on .69 ac lot at busy corner location with excellent visibility. Strong store sales. New 20-year lease by 2^nd largest franchisee. NNN lease with 1.5% annual rent increases. NOI $144K/yr. $1.772M. 8.15% Cap.
4. Office Building in San Jose, CA: 15,040 office building on .22 ac lot at San Jose downtown close to I-87. 80% leased. $1.530M. 
5. Retail Building in Saratoga, CA: rare 4423 SF well-maintained retail building at busy corner location in wealthy (AHI $228K/yr) neighborhood, home to many Silicon Valley executives. 100% leased to 4 tenants. NOI not avail. $1.550M.
6. Big Boy Restaurant in Morro Bay, CA: 3600 SF restaurant built in 2009 on 1 ac lot located on the pacific coast of CA West of Saint Louis Obispo.  100% NNN lease. NOI $129K/yr. $1.850M. 7% Cap. Seller will lease back the property at close of escrow.
7. Retail Center in Kemah, TX: 12,000 SF recently constructed retail center on 1.15 ac lot at corner location of Hwy-146 in growing Houston suburbs. 100% leased. NOI $150K/yr. $1.850M. 8% Cap.
8. Best Buy in Hiram, GA: 30,000 SFSF retail building at a signalized intersection across from Target anchored-center in fast growing Atlanta metro. 100% absolute NNN lease. NOI $495K/yr. $6M. 8.25% Cap. 
9. Office Building in Houston, TX: 91,711 SF attractive 3-story multi-tenant office building at busy corner location. 94% leased. NOI $918K/yr. 10.50% Cap. Price not disclosed.

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