07-26: Buffalo Wild Wings, Joe's Grab Shack, MOB, Office Buildings

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.

For a full marketing brochure, please reply 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.  Buffalo Wild Wings in Fishers, IN: 6000 SF single tenant restaurant built in 2009 on .90 ac lot in affluent Indianapolis suburbs (AHI $142K/yr within 1 mile). 100% absolute NNN lease with 7+ yrs left. NOI $168K/yr. $2.1M. 8% cap. 
2. Joe’s Grab Shack in Kissimmee, FL: 7000 SF brand new built-to-suit seafood restaurant at high main retail corridor & in middle-class Orlando suburbs. 15 yrs absolute NNN corp ground lease (land is for sale) to a national chain with 122 locations nationwide. NOI $159K/yr with 10% rent increases every 5 yrs. $2.362M. 6.75% cap. 
3. Shopping Center in Lubbock, TX: 41,190 SF shopping center built in 2007 on 3+ ac lot at hard corner location close to Loop 289 and Fwy-82. 81% NNN leased. NOI $374K/yr. $4.4M. 8.43% cap. Upside potential. 
4. Retail Center in Boise, ID: 7737 SF high quality constructed retail center built in 2006 at high traffic location. Close to St Alphonsus Regional Medical Center, Boise Towne Square and I-184. 100% leased to Subway, EOS Tanning, Adam & Eve and Money Train. NOI $106K/yr. $1.374M. 7.76% cap. Buyer to assume $897K loan at 6.27% interest rate. 
5. MOB in Warner Robins, GA: 7024 SF Class-A medical office building on 1.70 ac lot in a growing middle class area. 100% leased to Lakeview Surgery Center and The Nexus Paid Center. 100% NNN- leased till 2021. NOI $193K/yr. $1.93M. 10% cap. 
6. MOB in Charlotte, NC: 5507 SF newly renovated medical building on .86 ac lot at highly visible location. 10 yrs NNN- lease. $1.032M. NOI/Cap not provided. 
7. Office Building in Port Saint Lucie, FL: 36,000 SF well maintained office building across from Digital Domain Park and close to I-95. 92% leased with only one vacancy. NOI $382K/yr. $4.3M. 8.90% cap. 
8. Office Complex in Southlake, TX: 14,848 SF beautiful office buildings on 1.94 acres of and in affluent (AHI $222K/yr in 1 mile) Dallas metro. Close to Southlake Town Square, Gateway Plaza and Hwy-114. 100% NNN leased. NOI $321K/yr. $3.7M. 8.70% cap. 

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