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. Retail Center in Escondido, CA: 15,330 SF newer retail center on 1.46 acres parcel in San Diego suburbs. 100% NNN leased to 9 tenants. NOI $227K/yr. $2.995M. 7.54% cap.
2. Medical Office Building in Desoto, TX: 4685 SF single-tenant class-A MOB built in 2006 on 2/3 ac lot in Dallas metroplex. 10 yrs NNN lease with 4 yrs remaining. NOI $96K/yr. $1.1M. 8.75% cap.
3. Office Tower in Dallas, TX: 51,043 SF 4-story office building with I-30 visibility. 84% leased. NOI $373K/yr. $3.395M. 11% cap.
4. Ruby’s Diner in Rancho Mirage, CA: 5200 SF Ruby’s Diner family restaurant built in 2003 in an affluent Palm Desert metro (AHI $144K/yr in 1 mile). 100% absolute NNN lease with 7 yrs remaining. NOI $202K/yr with 10% rent bump every 5 yrs (next on in 2013). $2.8M. 7.25% cap.
5. Kmart in Clinton Township, MI: 87,543 SF Kmart on 7.35 ac corner lot. Anchored tenant in a neighborhood center co-anchored by Kroger Supermarket in high income town with profitable and hiring auto industry. 100% NNN lease with 5 yrs remaining. NOI $323K/yr. $3.231M. 10% cap.
6. Medical Office Building in League City, TX: 24,240 SF 4-yrs old class-A medical office building on 2.4 acres lot in fast growing (131% since 2000) and high income Houston suburbs. 100% NNN leased to mostly medical tenants. NOI $495K/yr. Price reduced to $5.85M. 8.5% cap.
7. Strip Mall in Las Vegas, NV: 6227 SF strip center on .72 acres corner outparcel on the busy Sahara Blvd. in affluent part of Las Vegas (AHI $100K/yr). 100% NNN leased to 2 national tenants: Chipotle Mexican Grill and Cox Enterprise. NOI $232K/yr. $2.85M. 8.15% cap.
8. Business Park in Fremont, CA: 119,038 SF 2-story 3 building 6-suite office complex in high-income Silicon suburbs. Easy access to I-880. $2.5M recent renovation. 95% leased. NOI $1.234M. $13.4M. 9.22% cap.
9. Starbucks in Brunswick, GA: 1832 SF Starbucks built in 2006 on .62 ac lot next to I-95 exit in a coastal & tourist town. 100% NNN- lease with 5+ yrs remaining. NOI $103K/yr. $1.16M. 8.87% cap.
10. Shopping Plaza in South Charleston, WV: 148,059 SF neighborhood center built in 1988 on 12.69 acres parcel. Anchored by TJMaxx and Kroger Supermarkets. 86% leased. NOI $1.507M. $18M. 8.3% cap.
© Transmercial 2011.
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