08-23: Medical office, Retail Condo, Sears Outlet, Arbys, Ford Motor, Retail center

Welcome new investors.  Each property has a brief description and a flyer (attached).  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.

For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing broker.  If so, please cooperate.

·         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. Medical Office building in Grapevine, TX: 10,728 SF class-A medical office building in high income low unemployment Dallas suburbs (AHI $118K/yr in 3 miles radius). Close to Baylor Grapevine Hospital.  100% NNN leased to 4 medical tenants: Dentist, Dermatologist, Ophthalmologist, Family Practice/Sports Medicine.NOI $184K/yr. $2.166M. 8.5% cap. 
2. Retail Condo in Antioch, CA: 3012 SF retail condo as part of a 2 tenant retail center (the other tenant is Bank of The West) on an outparcel to a shopping center anchored by CVS, 99 Cents Only, and Big Lots!.  Across from County East Mall and near Hwy 4 exit in San Francisco suburbs.  10 yrs NNN lease to Mountain Mike Pizza, a regional tenant with 150 locations.  NOI $74K/yr with 5% rent bump every 3 yrs.  Only $926K. 8% cap.  Great for first time investors! 
3. Office Building in Oxnard, CA: 20,714 SF 2-story office building completed in 1990 on 1.57 acres lot in high income area.  95% leased to 7 tenants with two 600 SF units avail.  NOI $307K/yr.  $3.6M. 8.52% cap. 
4. Sears Outlet in Reynoldsburg, OH: 33,016 SF single-tenant retail center built in 1997 on 2.96 acres corner lot in front of Lowes in fast growing and strong income Columbus suburbs.  Fully renovated in 2011.  New 5.5 yrs NNN lease to Sears Outlet.  NOI $184K/yr. $2M. 9.24% cap. 
5. Medical Office Building Murrieta, CA: 32,852 SF class-A state-of-the-art medical office building completed in 2004 in fast growing (103% since 2000) & high income city in Riverside county.  Visibility & easy access to I-215.  Just blocks from 134-bed acute care Rancho Springs Medical Center.  00% leased.  NOI and price not avail. 7.5% cap. 
6. Arby’s in Fort Worth, TX: 2964 SF Arby’s restaurant built in 2008 on over 1 ac lot close to Walmart and Hulen Mall in high income area.  20 yrs absolute NNN corp ground lease with 17 yrs remaining (land is for sale).  NOI $93K/yr with 10% rent bump every 5 yrs. $1.36M. 6.87% cap. 
7. Ford Motor in Dearborn, MI: 57,600 SF office building on 5.82 acres lot in high income area. 9 yrs NNN lease with 6 yrs left to Ford Motor Company.  NOI $609K/yr. $6M. 10.29% cap. 
8. Office/Retail Building in Wauwatosa, WI: 30,639 SF 2-story retail/office building across from 1.1M SF 180-store Mayfair Mall in affluent Milwaukee suburbs.  96$ leased.  Major tenants include US Cellular, Family Christian Bookstore and Midwest Rehab.  NOI $422K/yr.  $4.8M. 8.8% cap. 
9. Retail center in Royal Palm Beach, FL: 30,520 SF retail center built in 2000 on 3.19 acres lot in high income Palm Beach county.  100% NNN leased to 2 national tenants: Office Depot and Mattress Giant.  NOI $484K/yr. $4.85M. 10% cap.

© Transmercial 2011.