10-12: REO Office Building, Apartments, Starbucks/T-Mobile, KFC Restaurant, Buffalo Wild Wings Restaurant

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. Strip Center in Kennesaw, GA: brand-new 11,400 SF strip center with good tenant mix: Dunkin Donuts, AT&T, H&R Block, Pizza, Mexican Restaurant and Elite Beer & Wine. Across from Publix Grocery anchored center in upper middle-class Atlanta metro. 100% leased. NOI $253K/yr. $3.17M. 8% cap. 
2. REO’ed Office Building in Elgin, IL: 40,647 SF beautiful multi-tenant office building with easy ingress/egress near I-90 in middle-class Chicago metro. 41% leased to mostly medical tenants. NOI $157K/yr. $1.138M. 13.80% cap. Only $28 per SF! 
3. Shopping Center in Indio, CA: 135,452 SF 22-unit neighborhood center on over 11 acres lot along Hwy-111 in growing and middle-class city Southeast of Los Angeles suburbs.  Anchored by K-Mart.  96% NNN leased with Kmart on a ground lease (tenant owns the building, if it does not renew lease than the building is reverted to landowner).  NOI $713K/yr. $9.3M. 7.67% cap.  
4. Apartments in Houston, TX: 60-unit multifamily complex close to city transportation, shopping centers, Hospital and I-610. 90% occupied. NOI $125K/yr. $1.25M. 10% cap.  
5. Retail Center in Joliet, IL: 5405 SF retail building on 1.10 ac lot shadow-anchored by Menards (a regional Home Improvements chain) and by proposed Wal-Mart Supercenter in Chicago metro. NNN leased to 2 national tenants: Starbucks Coffee and T Mobile. NOI $248K/yr. $3.31M. 7.5% cap.  
6. KFC Restaurant in Lincolnton, NC: 5010 SF restaurant built in 2007 on 1.15 acres lot close to Carolina Medical Center and Hwy-321. New 20-yrs absolute NNN lease to an operator with 41 stores. NOI $95K/yr with 10% rent bumps every 5-yrs. $1.238M. 7.75% cap.  
7. Office Building in Cedar Hill, TX: 68,591 SF Class-A trophy office building constructed in 2009 on 3.74 ac lot across from Wal-Mart with excellent access to I-67 in Dallas suburbs. 50% leased. Current NOI $441K/yr.  $6.9M. 6.4% cap. Upside potential when fully leased.  
8. Apartments in Duluth, GA: 266-unit well-maintained bank-owned apartments close to Gwinnett Place Mall and I-85 in high income Atlanta metro. 95% occupied. NOI $454K/yr. $3.565M. 12.75% cap.  5% down payment possible! 
9. Buffalo Wild Wings in Calumet City, IL: 7027 SF recently remodeled restaurant.  Adjacent to River Oaks Shopping Malls in Chicago metro. 18 yrs NNN lease to strong franchisee. NOI $170K/yr. $2.345M. 7.25% cap.

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