06-15: Big 5 Sports, Krystal, LA Fitness, Napa Auto Parts, Urgent Care Center

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. Big 5 Sport in Parker CO: 11562 SF single-tenant retail center built in 2008 next to Hwy 470 exit in affluent and fast growing Denver suburbs.  100% NNN lease with 6.5 yr left.  NOI $171K/yr with next rent bump in 2013.  $2.2M. 7.8% cap.
2. Retail Building in Roanoke, VA: 7053 SF retail center built in 2011 close to Valley View Mall and I-581. Shadow anchored by a 54,153 SF Kroger supermarket surrounded by 400,000 SF retail spaces. 100% NNN leased. NOI $124K/yr. $1.553M. 8% cap.
3. Retail Center in Costa Mesa, CA: 6735 SF retail center built in 2001 on .54 ac lot at highly visible location in high income coastal city in Southern, CA & near Hwy-55. High barriers to entry area. 100% NNN leased to national, regional and local tenants. NOI $197K/yr. $3.185M. 6.20% cap.
4. Retail Building in Hialeah, FL: 3424 SF newly constructed retail building on .77 ac lot near Palmetto General Hospital and I-75 in North Miami.  Next to Walgreens. 100% NNN corp leased with 6 yrs left to Starbucks and GameStop.  NOI $197K/yr. $2.8M. 7.05% cap.
5. Krystal in Morrow, GA: 2208 SF fast food restaurant on .52 ac lot close to I-75 on ramp in Atlanta metro. 100% absolute NNN corp lease with 17+ yrs left. NOI $66K/yr. with rental increases. $887K. 7.50% cap. 
6. LA Fitness in Phoenix, AZ: 41,000 SF fitness center remodeled in 2011 on 2.53 ac lot next to El Super & 99¢ Only. Across from 900,000 SF Desert Sky Mall. 100% NNN lease with 19 yrs left. NOI $660K/yr. with CPI rent increases in 2016, 2023 and 2028. $9.433M. 7% cap.
7. Retail Center in Cypress, TX: 7200 SF retail center built in 2007 on .88 ac lot anchored by Cy-Fair Urgent Care Center in affluent (AHI $145K/yr) Houston suburbs. 100% NNN leased to 3 tenants. NOI $173K/yr. $2.1M. 8.25% cap.
8. Napa Auto Parts in Marietta, GA: 6000 single tenant auto parts store built in 2009 on .95 ac lot in fast growing and upper-middle class Atlanta suburbs. 15 yrs NNN- lease with 12½ yrs left. NOI $115K/yr. with 5% rent increases every 5 yrs. $1.704M. 6.75% cap.  

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