01-11: Shopping centers, Advance auto, Fresenius, MOB, Burlington Coat Factory

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.  Shopping Center in Freehold, NJ: 26,008 SF mature shopping center on 1.4 ac lot in an affluent city (AHI $118K/yr in 1 mile).  95% leased to 8 tenants.  NOI $315K/yr. $3.975M. 7.94% cap. 
2. Advance Auto Parts in Newport, KY: 7000 SF autoparts center built in 2001 on 2/3 ac lot in Cincinnati metro.  100% corp lease with 4 yrs left.  NOI $89K/yr.  $1.154M. 7.75% cap. 
3. Retail Center in Kennesaw, GA: 28,328 SF retail center on 2.53 ac lot in high income Atlanta metro.  88% leased with 2 avail units.  NOI #237K/yr.  $2.5M. 9.5% cap. 
4. Fresenius Dialysis Center in Olympia Fields, IL: 11,925 SF dialysis center built in 2005 on 1.05 ac lot in high income Chicago metro (AHI $79K/yr in 1 mile).  Tenant (BB+ S&P rated) recently renewed 10 yrs lease.  NOI $226K/yr with 3% rent bumps every 2 yrs.  $2.916M. 7.75% cap. 
5. Retail Centers in Las Vegas, NV: 12,404 SF 5-yrs old 2-building retail center on 1.4 ac lot in front of Walmart Neighborhood center in upper middle class.  91% NNN leased to 7 tenants with 1 avail unit.  NOI $280K/y.  $3.615M. 7.65% cap. 
6. Strip Mall in Castle Rock, CO: 7234 SF strip center built in 2006 on 1.15 ac lot in affluent Denver suburbs.  Surrounded by Walmart, Home Depot, Target, and Kohls.  100% leased to 4 good tenants.  NOI $193K/yr. $2.5M. 7.75% cap. 
7. Shopping Center in The Woodlands, TX: 83,526 SF shopping center built in 2008 on 6.7 acres lot with I-45 visibility in Houston suburbs.  Part of a power center with Walmart, Kohls, and Lowes.  100% NNN leased by Burlington Coat Factory and Ferguson Plumbing.  NOI $811K/yr.  $10.816M. 7.5% cap.
8.  Market Square in Denton, TX: 9,415 SF retail center on an outparcel to Cinemark 14 theater and close to Denton Regional Medical Center.  Surrounded by Best Buy, Chilli's, Golden Triangle Mall, Hobby Lobby, Home Depot, Jason's Deli, Office Max, Panera Bread, Starbucks, Target and Walmart. 100% NNN leased.  NOI $404K/yr.  $4.275M. 9.45% cap. 
9. Retail Center in Mountlake Terrace, WA:  32,000 retail center on 3.1 ac lot next to I-5 exit in Seattle metro.  100% NNN leased to 2 stable tenants: Office Depot and Urology Northwest.  NOI $667K/yr. $9.882M. 6.75% cap. 
10. MOB in Folsom, CA: 36,911 SF class-A medical office buildings in affluent Sacramento suburbs with AHI $123K/yr in 1 mile.  10 yrs remaining lease term with UC Davis Medical Group (AA- S&P rated).  NOI $630K/yr. $10M. 6.3% cap.

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