Tuesday, December 13, 2011

11-29: Shopping Centers, Pep Boys


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.  Shopping center in Champagne, IL: 21,152 SF class-A shopping center built in 2006 on 2.38 acres lot.  91% leased.  Current NOI $402K/yr. $4.45M. 9% cap. 
  2. Pep Boys Auto in Clermont, FL:  New 14,360 SF Pep Boys Auto on 1.98 acres lot in fast growing Orlando suburbs.  New 15 yrs NNN- corp lease.  Surrounded by Walmart, TJ Max, Lowe’s, and Staples.  NOI $272K/yr. $3.59M. 7.6% cap. 
  3. Shopping Center in Belton, MO: 68,844 SF shopping center built in 2007 on 7.97 acres lot in Kansas City metro.  Anchored by JoAnn Fabrics, Petsmart, Buffalo Wild Wings, and Sears.   100% NNN lease.  NOI $777K/yr. $9.9M. 7.84% cap. 
  4. Strip Mall in Pueblo, CO: 6500 SF strip center on 1.44 acres lot close to Wal-mart, Home Depot, and Cinemark Theaters.  100% leased.  NOI $151K/yr. $1.85M. 8.16% cap. 
  5. Retail Center in Thornton, CO: 16,187 SF attractive 2-builting retail center built in 2006 on 2.45 acres corner lot in Denver metro.  91% NNN leased to 4 tenants, 4 of which are medical.  NOI $328K/yr. $4.1M. 8% cap.

© Transmercial 2011

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