01-02: 24-Hour Fitness, Hardee's, Macaroni Grill, Jiffy Lube, MOB

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 $55+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. MOB in Weston, FL: 30,100 SF State of the Art medical office building constructed in 2000 on 3+ ac lot in wealthy Fort Lauderdale suburbs. Anchored by a highly profitable surgical center occupying almost 50 percent of the building.  Close to Cleveland Clinic Florida Weston and I-75. 100% leased to medical tenants. NOI $731K/yr. $10M. 7.32% cap.  
2. 24 Hours Fitness in Littleton, CO: 49,834 SF well maintained fitness center on 4.68 ac lot at a hard corner location in high income Denver suburbs. Near Southwest Plaza Mall. Tenant has been at this collation since 1998. 100% NNN corp lease with 10½ yrs left. NOI $722K/yr with a rent bump in 2018. $7.811M. 9.25% cap.
3. Hardee’s in Lawrenceville, GA: 2854 SF newly constructed fast food restaurant on 1.30 ac lot near Walmart & Kohl’s in Atlanta suburbs.  New 20 yrs NNN lease to a strong operator with 99 Hardee’s/Carl’s Jr. units.  NOI $144K/yr with 7.5% rent bumps every 5yrs. $1.987M. 7.25% cap.
4. Retail Center in Houston, TX: 14,050 SF attractive retail center on 1.41 ac lot at a major corridor in wealthy (AHI $116K/yr in 1 mile) Houston metro. Close to 149,396 SF Copperwood Village upscale shopping center. 100% NNN leased to Fed Ex Kinko's , Papa John's Pizza, Starsmile Dental, Star cleaners and Red Carpet Nail. NOI $192K/yr. $3.2M. 7% cap.
5. Macaroni Grill in Tulsa, OK: 7164 SF Italian Restaurant on 1.37 ac outparcel to Walmart Supercenter and next to 1+M SF 160+ store Woodland Hills Mall. 20 yrs NNN corp lease with 16 yrs left. NOI $171K/yr with 10% rent increases every 5 yrs. Tenant has been at this location since 1992. $2.285M. 7.49% cap.
6. Shopping Center in Mechanicsburg, PA: 33,545 SF well kept shopping center built in 2007 anchored by 11,946 SF Party City in fast growing and high income (AHI $91K/yr) Philadelphia suburbs. 94% NNN leased to 6 tenants. NOI $323K/yr. $4.25M. 7.60% cap. Upside potential.
7. Retail Center in Baltimore, MD: 6000 SF retail center in densely populated area with over 451,000 residents within 5 miles and affluent area (AHI $163K/yr in 1 mile). 100% NNN leased to two tenants. NOI $150K/yr. $2M. 7.50% cap.
8. Retail Center in Bayshore, NY: 15,000 SF well maintained retail center on 2 ac lot in high income coastal town in New York city metro. Across from Westfield South Shore Mall next to Hwy-27. 100% NNN leased to 7 tenants. NOI $243K/yr. $3.2M. 7.60% cap.
9. Jiffy Lube in Silverdale, WA: 1408 SF two bay Jiffy Lube built in 1995 on .53 ac lot in Seattle suburbs. Across from Costco and near Harrison Medical Center & Kitsap Mall. 20 yr NNN lease with 6+ yrs left. NOI $76K/yr. $950K. 8% cap.
10. Retail Center in Yucca Valley, CA: 13,536 SF retail center built in 1993 on .78 ac lot in San Bernardino County. Shadow anchored by Wal-Mart, JCPenney and Stater Brothers. 100% NNN  leased to three tenants: Payless Shoes, Fashion Bug and Optical Services. NOI $123K/yr. $1.78M. 6.95% cap.

© Transmercial 2012