08-20: Walgreens, Taco Bell, Family Dollar, Office Building, MOB, Neighborhood Centers

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. Walgreens in Cordova, TN: 14,418 SF Walgreens built in 2002 on 2.27 acres corner lot in upper middle class Memphis suburbs with AHI of 90K/yr in 1 mile.  25 yrs NNN corp lease with 15 yrs left.  NOI $263K/yr. $3.829M. 6.85% cap.
2. Shopping Center in Missouri City, TX: 55,022SF high-quality constructed shopping center on 4.76 acres of land along Hwy-6 in affluent Houston suburbs with an AHI of $107K/yr in 1 mile. 97% NNN leased. NOI $732K/yr. $8.4M. 8.72% cap.
3. Taco Bell in Kissimmee, FL: 3500 SF well maintained Taco Bell Restaurant on over 1 ac lot at a corner location of Hwy-530/192. Across from Poinciana Place: a 124,000 SF center anchored by Publix and near Walt Disney World Resorts and Sea World. 29 yrs absolute NNN lease with 5 yrs left. NOI $161K/yr with a 10% rent increase in 2014. $2.224M. 7.25% cap.
4. Neighborhood Center in Atwater, CA: 120,000 SF neighborhood center on 13 acres of land in a growing city near Merced. Close to new University of California Merced. 99% NNN leased to stable tenants. NOI $957/yr. $10.3M. 9.30% cap.
5. Retail Center in Spring, TX: 19,300 SF retail center on 1.61 ac lot at a signalized intersection fast growing and high income Houston suburbs. 100% leased. NOI $170K/yr. $1.7M. 10.02% cap.
6. Family Dollar in Indianapolis, IN: 9768 SF renovated single tenant discount store on .60 ac lot at busy corridor and next to Walgreens. Close to Pepsi Coliseum. 100% NNN- corp lease with 5 yrs left. NOI $100K/yr. $1.12M. 9% cap.
7. Strip Center in Mount Vernon, NY: 4400 SF strip center built in 1993 on .25 ac lot at a busy intersection in New York metro. 100% leased to stable tenants. NOI $125K/yr. $1.6M. 7.80% cap.
8. Retail Center in Fontana, CA: 7194 SF well maintained retail center built in 2008 along main road and across from Walmart center in San Bernardino County. NOI $185K/yr. $2.1M. 8.81% cap.
9. Office Building in Visalia, CA: 11,940 SF Class B consisting of two office buildings on .65 ac lot in growing Central CA. Close to Visalia Mall, College of the Sequoias and Hwy-63. 97% leased. NOI $62K/yr. $775K. 8% cap.
10. MOB in Reynoldsburg, OH: 9956 SF Class A medical building on 1.24 ac lot at highly visible location in high income Columbus metro. 10 yrs NNN lease to Ohio Health Corp. NOI $174K/yr. $2.489M. 7% cap.

© Transmercial 2012.