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 between $700K-$20M on the market today (please advise if you are interested in properties above $US 20M). Underlined phrases if any indicate safe hyperlinks 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. Shopping Center in Omaha, NE: 40,419 SF shopping center built in 1997 on 5.19 ac lot across the street from Hy-Vee Grocery center. 100% NNN leased. NOI $507K/yr. $6.15M. 8.25% Cap. Buyer to assume loan at 6.19% interest due in 2014.
2. Shopping Center in Omaha, NE: 23,954 SF shopping center including a small drive-thru pad at growing (431.20%) prosperous (AHI $112K/yr within 2 miles) area. 100% NNN leased. NOI $326K/yr. $3.65M. 8.94% Cap. Buyer to assume loan at low 5.75% interest.
3. Rite Aid in Cumming, GA: 13,813 SF drugstore constructed in 2003 at a signalized intersection along Hwy-20 in growing Atlanta metro. 100% NNN lease till 2023. NOI $321K/yr. $3.48M. 9.25% Cap.
4. DaVita in Jonesboro, GA: 6324 SF well-maintained retail building on over 2 ac lot leased by the 2nd largest dialysis company. 10 yrs NNN- corp lease since 2004. NOI $95K/yr. with annual rent increase. $850K. 11.18% Cap.
5. Walgreen’s in Chandler, AZ: 13,405 SF retail building at busy hard corner location near Loop 101/202. Corp NNN lease with 9-yrs remaining on original lease. NOI $312K/yr. $4.25M. 7.75% Cap. Buyer to assume $3.65M non-recourse loan at 5.60% interest due in 2015.
6. Jack in the Box in Charlotte, NC: 2893 SF drive-thru restaurant constructed in 2000 on 1.35 ac lot next to I-77 exit. Absolute NNN corp lease till 2018. NOI $150K/yr. with 10% rent bumps every 5-yrs. $1.88M. 8% Cap.
7. Shopping Center in Coconut Creek, FL: 29,940 SF 4-yrs old upscale center on 6.26 ac lot. Located on busy Hwy-441 in affluent Fort Lauderdale metro (AHI $101K/yr in 1 mile). Pro forma NOI $580K/yr. $4.7M. 12.35% Cap.
8. Apartments in Phoenix, AZ: 150-units multifamily buildings with pool/spa, playground and outdoor fitness close to Conocido Park. 100% Occupied. $573K/yr. $5.1M. 11.24% Cap. Only $34K per unit.
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