09-04: Advance Auto Parts, Arby's, Fresenius Dialysis Center, Auto Mall Center, Wendy's

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. 

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. Advance Auto Parts in Arlington, TN: 7000 SF Advance Auto Part on .98 ac lot next to Hwy-64 in high income Memphis suburbs. 100% NNN lease with over 10 yrs left. NOI $74K/yr. $1.083M. 6.85% cap.
2. Arby’s in Blaine, MN: 3946 SF restaurant built in 2004 on 1.25 ac lot in growing Minneapolis metro. Across from Kohl’s and Menards hardware store. 20 yrs absolute NNN corp lease with 12 yrs left. NOI $172K/yr with 1% annual rent increases. $2.3M. 7.51% cap.
3. Fresenius in Olympia Fields, IL: 11,925 SF Fresenius Dialysis Center constructed in 2005 on over 1 ac lot along main retail corridor in high income Chicago suburbs. Tenant recently executed a 10-yr lease renewal after the expiration of primary term. NOI $225K/yr with 3% rent increases every 2 yrs. $2.916M. 7.75% cap.
4. Cancer Center in Indianapolis, IN: 15,721 SF single-tenant medical office building completed in 1998 on 2.46 ac lot next to Community Hospital South.  100% NNN leased till May 2021 to Indiana University Health, a nationally recognized health care organization with an A+ credit rating. NOI $428K/yr. $5.039M. 8.5% cap.
5. Shopping Center in Tualatin, OR: 30,671 SF retail center built in 1990 on 4.18 ac lot close to I-5 exit in Portland metro.  NOI $595K/yr. $7.7M. 7.73% cap.
6. Auto Mall Center in Lauderhill, FL: 19,436 SF auto mall center consisting of three buildings at primary retail thoroughfare in Fort Lauderdale metro. 84% leased to Aamco, Oily’s, Tires Plus, Tint World, and Auto Lab. NOI $225K/yr. $2.925M. 7.70% cap.
7. Wendy’s in Hemet, CA: 3800 SF Wendy’s restaurant built in 2002 on .48 ac outparcel to Target & Staples. Across from Home Depot. Tenant has been 10 yrs at this location on a NNN corp ground lease and has just renewed 5 yrs option (land is for sale, tenant owns the building).  NOI $71K/yr. with 10% rent bumps each 5 yr options.  $975K. 7.33% cap.

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