06-16: Walgreen's, Tire Pros, Kids R Kids, Medical, Professional buildings, Shopping Centers

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 $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. Apartments in Phoenix, AZ: 173-units well-maintained multifamily property with excellent units mix near park/light rail/Mall and Hwy-17. 90% leased. NOI $425K/yr. $4.25M. 10% Cap. 
2. Retail Center in Granite Bay, CA: 6,092 SF retail center built in 2003 across from Safeway and Staples along main boulevards in fast growing & affluent (AHI of $110K/yr in 1 mile) Sacramento metro. 74.72% leased.  NOI $129K/yr. $1.495M. 8.67% Actual Cap. Upside potential. 
3. Shopping Center in Glendale Heights, IL: 89,631 SF shopping center with good tenant mix: La Rosita grocery store, Dollar Tree, Fresenius Dialysis Clinic and Hair Design. Across from Menards at a signalized intersection in middle-class Chicago suburbs. 93% NNN leased. NOI $758K/yr. $9.14M. 8.30% Cap. 
4. Shopping Center in Gastonia, NC: 61,996 SF shopping center built in 1993 on 8.50 ac lot at a busy signalized corner location in growing city in Charlotte suburbs.  Anchored by Bi-Lo grocery store and Family Dollar NOI $476K/yr. $5.25M. 9% Cap. 
5. Walgreen’s in Jacksonville, FL: 13,845 SF pharmacy on 10 ac lot. Across Winn Dixie grocery store. 6-years remaining or original NNN-lease. NOI $215K/yr. $2.662M. 8.08% Cap.  Potential lot subdivision and development. 
6. Tire Pros in Chandler, AZ: 6429 SF retail shop built in 2005 on .81 ac lot at high traffic location in high income Phoenix metro. 100% NNN leased to a successful chain Tire Pros with 300+ locations. NOI 96K/yr. $1.018M. 9.5% Cap.
7.  Shopping Center in Moreno Valley, CA: 36,175 SF shopping center on 3.31ac lot near Fwy-60 off-ramp. Anchored by CVS,  dd’s Discount (owned by Ross) and Dollar Tree. 100% NNN leased. NOI $205K/yr. $3.8M. 5.4% Cap. Only $105.04 Per SF.
8.  Kids R Kids in Lexington, KY: 13,550 SF established day care center built in 1999 on 1.50 ac lot   in well-off ($78K/yr within 1-mi radius) neighborhood. New 15-years absolute NNN lease. NOI $198K/yr with 10% rent increases every 5 years. $2.15M. 9.21% Cap. 
9. Medical/Professional Building in Charlotte, NC: 5546 SF multi-tenant medical/professional building in close proximity to Carolinas Medical Ctr-Pineville Hospital, I-485 and Hwy-51. 100% leased. NOI $111K/yr. $1.3M. 8.5% Cap. 
10. REO Retail Center in Port Charlotte, FL: 9760 SF retail center built in 1996 on 1.03 ac lot along main retail corridor. 85% NNN leased. NOI $52K/yr. $700K. 7.5% Actual Cap. Upside potential when fully leased.

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