12-27: 7-Eleven, LA Fitness, Waffle House, Advance Auto Parts, Family Dollar, 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. Shopping Center in Forney, TX: 24,451 SF attractive two one-story buildings constructed in 2007 on nearly 3 ac lot at prime retail corridor. Across from Wal-Mart and Lowe’s in Dallas suburbs. 90.87% NNNN leased to 8 tenants including 5,000 SF Care United Medical Center. $4.995M. 9.01% cap.
2. 7-Eleven in Indio, CA: 2934 SF convenience store on .36 ac lot at a signalized intersection in growing Riverside County. Brand new 10 yrs absolute NNN corp lease. NOI $80K/yr with 10% rent increases every 5 yrs. $1.608M. 5% cap.
3. LA Fitness in Lansing, IL: 46,600 SF fitness center close to Ingalls Family Care Center & River Oaks Mall. Off/on ramp I-94/80 & densely populated Chicago suburbs. 100% NNN corp lease with10 ½ yrs left. NOI $768K/yr with a 10% rent increase in 2018. $9.6M. 8% cap.
4. Waffle House in Stockbridge, GA: 1806 SF free-standing Waffle House at highly visible location in fast growing Atlanta suburbs.  Close to Wal-Mart Supercenter, Macy’s center, Hotels and I-675. 20 yrs NNN corp ground lease (land is for sale) with 10 yrs left. NOI $43K/yr. $710K. 6.08% cap.
5. Advance Auto Parts in Smyrna, TN: 7000 SF Auto parts store on .82 ac lot in fast growing Nashville suburbs. Good performing store. Close to Nissan plant.  100% NNN- with 9 yrs left.  NOI $89K/yr. with 10% rent bump during 5-yr options.  Price reduced to $1.232M. 7.25% cap. Buyer to assume $590K loan at 5.25% fixed till 2022. Store with very strong sales of $2.5M/yr.
6. Office Building in Rockford, IL: 6514 SF Class B office building constructed in 2009 on .91 ac lot in high income (AHI of $99K/yr within 3 mile) area. 100% NNN- lease to established tenant. NOI $68K/yr. $850K. 8.04% cap.
7. Family Dollar in Houston, TX: 9180 SF well maintained retail building on .69 ac lot next to AutoZone at main retail corridor. 100% lease to national tenant. NOI $75K/yr. $1.05M. 7.14% cap.
8. MOB in Machesney Park, IL: 31,000 SF Class B medical office building built in 2002 and renovated in 2010. Close to OSF Health Care, Target, Home Depot and Menards. 100% NNN leased to Universal Hospital Services and Apria Healthcare. NOI $310K/yr. $3.564M. 8.72% cap.
9. Retail Center in Orem, UT: 6160 SF attractive retail center built in 2003 on 1+ ac lot a major retail corridor. NOI $132K/yr. $1.75M. 7.54% cap.

© Transmercial 2012