11-12: Carino's Italian Grill, Advance Auto Parts, Chuch's Chicken

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. Carino’s Italian Grill in Katy, TX: 5349 SF Italian restaurant remodeled in 2007 on 1.47 ac lot in fast growing and high income Houston suburbs. At a hard corner location along I-10. 15 yrs absolute NNN corp lease with 4 yrs left.  NOI $129K/yr.  $1.72M. 7.50% cap.
2. Advance Auto Parts (S&P BBB-) in Toledo, OH: 7,000 SF all brick auto parts retail building constructed in 2008 on .83 acre lot in densely populated area. 15-years NNN- corp lease with 11+ yrs left. NOI $136K/yr. $1.955M. 7% cap.
3. Retail Center in Dickinson, TX: 16,524 SF attractive retail center built in 2006 on 1.52 ac lot in fast growing and high income Houston metro. Tenants include. Goodwill, Los Ramirez Mexican Restaurant, and Well Now Health (St. Elizabeth Urgent Care). 100% NNN leased. NOI $243K/yr. $2.81M. 8.66% cap.
4. Strip Center in Lodi, CA: 5966 SF well kept strip center on .35 ac lot at a hard corner location in San Joaquin Valley. 100% NNN leased. NOI $105K/yr. $1.5M. 7.01% cap.
5. Church’s Chicken in Houston, TX: 1470 SF Church’s Chicken built in 2008 on .30 ac lot at a busy corridor. New 15 yrs absolute NNN lease to a strong franchisee with 96 units. NOI $61K/yr with rent increases. $882K. 7% cap.
6. Retail Center in Mentor, OH: 19,200 SF high quality construction retail center on 1 ac lot close to Great Lakes Mall in Cleveland suburbs. 100% leased. NOI $232K/yr. $2.734M. 8.50% cap.
7. Retail Building in San Jose, CA: 2862 SF single-tenant retail building at high traffic corner location and high income (AHI $124K/yr within 3 mile) Blossom Hills area. 100% NNN lease with 5 yrs left. NOI $67K/yr. $948K. 7.06% Cap.

© Transmercial 2012