02-06: Sweet Tomatoes, 24-Hour Fitness, O'Reilly Auto Parts, MOB, Retail Centers

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.  Sweet Tomatoes Restaurant in Albuquerque, NM: 7240 SF restaurant on .57 ac lot at a busy thoroughfare and close to I-25. 100% absolute NNN corp lease with 12-ys remaining. NOI $168K/yr with 1.25% annual rent increases. $2.17M. 7.75% cap. 
2. Retail Center in Fort Worth, TX: 16,319 SF newly constructed retail center on 1.73 acres of land anchored by Chipotle and AT&T across from 147,000 SF Ridglea Plaza anchored by Stein Mart, Tom Thumb, Dollar Tree, and Tuesday Morning. In fast growing and middle-class area. 100% NNN leased. NOI $468K/yr. $5.935M. 7.9% cap. 
3. 24-Hour Fitness in Fort Worth, TX: 37,500 SF fitness center built in 2008 on 6.43 acres at dominant retail location and adjacent to Landmark Quebec (300,000 SF center anchored by Starplex Cinemas). 100% NNN- corp lease till 2024. NOI $750K/yr with 12.5% rent increases ever 5-yrs. $8.825M. 8.5% cap. 
4. Strip Center in Atlanta, GA: 10,800 SF attractive strip center on over 1 ac lot with in an affluent (AHI $164K/yr) & fast growing area. NNN leased to multiple tenants. NOI $254K/yr. $2.825M. 9% cap. 
5. O’Reilly  Auto Parts in Stockton, CA: 7000 SF well-maintained auto parts store on 1 ac lot across from Super Wal-Mart. 100% absolute NNN corp lease till 2023. NOI $88K/yr. $1.47M. 6% cap. 
6. Strip Center in Rocklin, CA: 9400 SF strip center built in 2002 at highly visible location next to Expy-65 and close to Galleria at Roseville in Sacramento suburbs.  Strong demographics: high growth and high income.  100% NNN lease. $3.3M. NOI/Cap not avail. 
7. Shopping Center in O’Fallon, MO: 24,638 SF shopping center constructed in 2005 on 3.70 acres with good tenant mix and along main corridor in Saint Louis metro. AHI of $97K/yr in 1 mile and 70% pop growth since 2000.   NNN leased.  NOI $319K/yr. $3.55M. 9% cap. 
8. Medical Office Building in The Woodlands, TX: 8414 SF 2-story newly constructed medical office building next to I-45 and near The Memorial Hermann Hospital in wealthy (AHI $112K/yr) Houston metro. 100% NNN leased to 3 medical tenants: Nexus Specialty Hospital, Sleep Center and a Dentist. NOI $159K/yr. $1.85M. 8.6% cap. 
9. Retail Center in Shawnee, KS: 13,430 SF multi-tenant retail center built in 2006 next to busy corridor & near The Home Depot, Target, Lowes and Wal-Mart. Strong demographics: fast growing middle class Kansas City metro.100% leased.  NOI $309K/yr. $3.914M. 7.9% cap. 
10. Retail Center in Worthington, OH: 8957 SF retail center on 1.60 ac lot anchored by Starbucks Coffee and across from The Worthington Square Mall in affluent Columbus metro. 100% leased. Tenants include Starbucks, COSI, ImmediaDent urgent dental care, T-Mobile, and Jimmy Johns. NOI $255K/yr. $2.75M. 9.3% cap.

© Transmercial 2012