05-30: MOB, CVS Pharmacy, Auto Center, Jiffy Lube, Burger King

Welcome new investors.  Transmercial is the only company that offers this list of best properties 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.

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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. Retail Center in Omaha, NE: 11,250 SF recently remodeled retail center on .80 ac lot across from Bag ‘N Save grocery anchored center along main retail corridor and close to I-80. 100% NNN leased. NOI $102K/yr. $1.247M. 8.25% cap. 
2. Shopping Center in Hoffman Estates, IL: 38,980 SF high quality construction shopping center built in 1999 on 6+ ac lot shadow anchored by Jewel-Osco Supermarket, a regional chain with 180 locations. In affluent (AHI $151K/yr. in 3 miles) Chicago suburbs. 67% leased. NOI $302K/yr. $3.975M. 7.60% cap. Upside potential. 
3. MOB in University Heights, OH: 36,356 SF Class-B three story medical office building on 2+ ac lot in high income Cleveland suburbs. 85% NNN leased 20 mostly medical tenants. NOI $333K/yr. $3.6M. 9.25% cap. Upside potential when fully leased. 
4. Shopping Center in Decatur, IL: 45,114 SF 2-building shopping center built in 1992. Shadow anchored by Sam’s Club & Walmart. 100% leased to 12 tenants including: Joann Fabrics, Check into Cash, Radio Shack, Weight Watchers, and Sally Beauty Supply. NOI $485K/yr. $5.39M. 9% cap. 
5. CVS Pharmacy in Kansas City, MO: 10,908 SF pharmacy built in 2002 on 1.45 ac lot. In growing & high income area. 10 yrs absolute NNN lease. NOI $290K/yr. with 5% rent bumps every 5 yrs. $4.144M. 7% cap. 
6. MOB in Dickinson, TX: 22,783 SF Class-B medical office building near Clear Lake Regional and Mainland Hospital and close to I-45 in Houston metro. Tenants include: The University of Texas Medical Branch, Christus St John, pediatrics, family medicine, social services and pediatric dentistry & orthodontics. 100% leased. NOI $356K/yr. $3.757M. 9.50% cap. 
7. Auto Center in Sunnyvale, CA: 4800 SF 5 bay auto repair center on .34 ac lot in the middle of Silicon Valley with AHI of $113K/yr. in 3 miles. 100% NN leased to two stable tenants. NOI $103K/yr. $1.6M. 6.50% cap. 
8. Jiffy Lube in Las Vegas, NV: 3960 SF 3 bay recently remodeled single tenant retail building on .33 ac lot in fast growing upper middle class neighborhood. 20 yrs NNN lease with 9+ yrs left to strong franchisee with 450 units. NOI $124K/yr. with 2% annual rent increases. $1.716M. 7.25% cap. 
9. Shopping Center in Chandler, AZ: 29,945 SF shopping center built in 2006 on 6.76 ac lot shadow anchored by Kohl’s and across from Walmart and Sam’s Club.  Next to Hwy-202 exit  in high-growth Phoenix metro. 100% NNN leased to 4 tenants: Bedmart, Desert Hot Tubs, Happy Harvesters Hydroponics and Planet Fitness. NOI $309K/yr. $3.85M. 8.04% cap. 
10. Burger King in Glendale, AZ: 3,650 SF Burger King on .78 ac lot at main retail corridor and next to Fwy-101. In affluent (AHI $117K/yr) Phoenix suburbs. New 20 yrs NNN lease. NOI $112K/yr with 10% rent increases every 5 yrs. $1.723M. 6.50% cap.

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