08-16: Hardee's Restaurant, 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 names 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.  Hardee’s in Knoxville, TN: 3550 SF fast food restaurant on 1.37 ac lot close to The Shops at Turkey Creek, a large upscale shopping mall off of I-75. New long-term absolute NNN corporate lease.  NOI $123K/yr with 10% rent bumps every 5-yrs. $1.646M. 7.5% Cap.  
2. Shopping Center in Washington Township, OH: 49,840 SF attractive shopping center on over 6 ac lot shadow-anchored by Sam’s Club in growing (18.24%) and well-off (AHI $84K/yr) Dayton metro. 100% NNN leased to six national credit tenants. NOI $1,033M/yr. $12.450M. 8.30% Cap.  
3. Hardee’s in Knoxville, TN: 3612 SF free-standing restaurant on 1.50 ac lot at a 4-way intersection along main corridor. New 20-yrs absolute NNN corporate lease. NOI $102K/yr with 10% rent increases every 5-yrs. $1.324M. 7.75%Cap. 
4. Retail Center in Coral Springs, FL: 7815 SF upscale retail center on .82 ac parcel at a main retail corridor. Fast growing and high income area (AHI $81K/yr in 1 mile radius) in Fort Lauderdale metro. 100% leased to three credit/local tenants including Verizon Wireless and FedEx Kinko’s. NOI N/A. $2.8M.  
5. Strip Center in Woodhaven, MI: 9200 SF strip center built in 2006 on an outparcel to Wal-Mart supercenter in high income area. Across from Super Target.  100% NNN leased to national tenants including Five Guys, Great Clips, GameStop and Olga's Kitchen. NOI $192K/yr. $2.06M. 9.34% Cap.  
6. Retail Center in Apple Valley, CA (Parcel #2): 6417 SF retail center outparcel to The Home Depot at a busy signalized intersection. 86% NNN leased to 5 tenants including Taco Bell, Hertz, and US Army with 1 small avail unit. NOI $225K/yr. $1.7M. 13.24% Cap.  
7. Strip Center in Apple Valley, CA (Parcel #1): 16,435 SF 10-unit strip center built in 2007 on 1.84 ac lot outparcel to The Home Depot. 82% NNN leased with 2 small avail units. NOI $386K/yr. $3.7M. 10.45% cap.  
8. Shopping Center in Yakima, WA: 88,580 SF shopping center anchored by well-performing Safeway grocery store near Yakima Valley Community College.  97% NNN leased. NOI $1.070M/yr. $14.010M. 7.64% Cap.  
9. Shopping Center in North Salt Lake, UT: 44,521SF shopping center built in 2006 on 3.15 ac lot at busy thoroughfare near I-15/215. 100% leased to long-term tenants. NOI $443K/yr. $4.485M. 10% Cap. 
10. Retail Center in Carol Stream, IL: 8053 SF attractive retail center.  100% NNN leased 4 tenants: Dentist, Chiropractic Office, Hair Studio and Entrée Kitchen. Affluent Chicago suburbs with AHI of $133K/yr in 1 mile radius. 100% leased. NOI $159K/yr. $2.050M. 7.90% Cap.

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