07-27: Goodyear, Famous Dave's, Friendly's Restaurant, Shopping Centers for sale

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.  Retail Center in Pittsburgh, PA: 3000 SF brand new retail center at major corridor between North Hills Village Mall and Ross Park Mall. 100% NNN- leased till 2021 to AT&T Wireless. NOI $126K/yr. with 10% rent increases every 5-yrs including options. $1.680M. 7.5% Cap. 
2. Shopping Center in San Angelo, TX: 64,780 SF shopping center built in 2005 on 7.57 ac lot. Anchored by PetSmart & Michaels and next to main road across from Sunset Mall. 100% NNN leased. NOI $876K/yr. $10.75M. 8.15% Cap. 
3. Goodyear in Frisco, TX: 5864 SF auto service center constructed in 2005 across from Kroger anchored-center at high traffic location in Dallas MSA. Affluent (AHI $111K/yr in 1 mile) and booming area (300% since 2000). 100% NNN- corporate lease till 2020. NOI $149K/yr. $2.068. 7.25% Cap.  
4. Shopping Center in El Paso, TX: 28,568 SF attractive shopping center on 2.54 ac corner parcel withHwy-54 frontage.  Shadow anchored by Walgreens. 100% leased with good tenant mix. NOI $310K/yr. $3.65M. 8.50% Cap.  
5. Office Park in Sacramento, CA: 70,000 SF Class-B newly constructed multi-tenant  business park with excellent access to I-80. 95% NNN leased with substantial credit tenants. NOI $1.240M. $16M. 7.75% Cap. 
6. Famous Dave’s BBQ Restaurant in Fort Myers, FL: 8999 SF restaurant on 1.60 ac corner lot at busy corridor in growing middle-class area. Most profitable Famous Dave’s restaurant location.  New 10-yrs NNN lease. NOI $300K/yr. $3.750M. 8% Cap.  
7. Friendly’s Restaurant in Myrtle Beach, SC: 8100 SF free-standing restaurant in front of La Quinta Inn Hotel in a coastal resort city. 100% NNN lease. Store with strong sales of over $1.5M.  NOI $124K/yr. with generous 12.5% rent increases every 5 years. $1.465M. 8.50% Cap.  
8. Shopping Center in Sacramento, CA: 69,230 SF well-maintained shopping center on 6.85 acres of land. Anchored by Big Lots and Jack in the Box with excellent excess to Fwy-50. 87% NNN leased. 6.75% Cap. Price Not Disclosed.  
9. Shopping Center in Lancaster, CA: 29,052 SF shopping center on over 3 acres of land across from Walgreen’s at a signalized intersection. 100% leased. NOI $364K/yr. $4.9M. 7% Cap.

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