02-15: Burger King, Cash America, MOB, Smokey Bones, Applebee's, Family Dollar, Shopping centers

Welcome new investors.  Transmercial is the only company that offers this list of best properties to invest between $700K to $20M in 50 states.  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info.

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

Below are the most commonly used acronyms:

• 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.  Burger King in Bakersfield, CA: 2850 SF restaurant built in 1991 on .68 ac outparcel to a shopping center anchored by Albertson supermarket, Rite Aid, and Dollar Tree.  High income area.  20 yrs absolute NNN lease to a franchisee with 7 units.  NOI $78K/yr with 10% rent bumps every 5 yrs.  Low rent to income ratio of 8%.  $1.2M. 6.5% cap. 
2. Cash America in Charlotte, NC: 7343 SF retail center on 1.2 ac lot at a major intersection and near Eastland Mall. New 10-yrs absolute NNN corp lease. NOI $99K/yr with 10% rent increase in yr 6. $1.287M. 7.75% cap. 
3. Medical Office Building in St. Paul, MN: 33,393 SF renovated medical office building on 2+ ac lot close to United Hospital. 100% absolute NNN corp lease with 16 yrs remaining to Meridian Behavioral Health LLC: profitable behavioral health and chemical dependency treatment provider.  NOI $268K/yr with annual rent increases. $3.18M. 9% cap.  
4. Smokey Bones Bar & Fire Grill in Tampa, FL:6961 SF sit-down restaurant built in 2002 on 1.80 acres between Westfield Citrus Park Mall and Citrus Plaza: anchored by Staples, PetSmart, Bed Bath and Beyond, & Sports Authority. 100% absolute NNN corp lease till 2027. NOI $228K/yr with 1.75% or CPI annual rent increases. $3.5M. 7.5% cap. Brochure upon request. 
5. Applebee’s in Roanoke, VA: 5127 SF casual dining restaurant built in 2007 on 1.44 ac lot outparcel to Lowe’s and Wal-Mart Supercenter along busy thoroughfare. 100% NNN lease. NOI $212K/yr. $2.83M. 7.5% cap.  
6. Walgreen’s in Hesperia, CA: 15,120 SF 24-Hours Walgreen’s built in 2002 on 1.10 ac lot near Desert Valley Hospital. In growing and middle-class Southern CA City. 100% NNN leased to credit tenant. $420K/yr. $6.725M. 6.25% cap.  
7. Family Dollar in San Antonio, TX: 9180 SF newly constructed retail building on 1.12 ac lot  near Fwy-151 in fast growing & high income area. 100% NNN lease. NOI $115K/yr with rare rent increase in yr 6. $1.536M. 7.5% cap. 
8. Strip Center in Clive, IA: 8256 SF Class-A retail center built in 2006 on a corner lot anchored by Starbucks & next to I-35/80. In growing and affluent (AHI $181K/yr within 1-mile) Des Moines suburbs. 100% NNN leased. NOI $196K/yr. $2.45M. 8% cap. 
9. Staples & Smart & Final in Reno, NV: 50,300 SF big-box retail building constructed in 2009 across from a 500,000 SF planned Power Center. 100% NNN corp leases to Staples and Smart & Final grocery. NOI $906K/yr. $12.5M. 7.25% cap.  
10. Inline Center in Pomona, CA: 7224 SF well-maintained center on .52 ac lot at a busy corner location in densely populated Los Angeles suburbs. 100% NNN leased. NOI $127K/yr. $2.5M. 6.23% cap.

© Transmercial 2012.