04-17: USA Pawn, Rite Aid, Wendy's, AAP, MOB, Shopping Centers

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 Maple Grove, MN: 43,107 SF attractive upscale shopping center built in 2002 at a major retail artery in fast growing and high income (AHI $108K/yr in 3 mile) Minneapolis suburbs. Close to The Shoppes at Arbor Lakes Mall and I-94/694. 93% NNN leased. NOI $716K/yr. $8.9M. 8.05% cap.
2. USA Pawn in Tucson, AZ: 10,291 SF recently renovated retail building on .76 ac lot at main thoroughfare. 100% NNN lease with 9 yrs left to a credit tenant with 1100 locations. NOI $98K/yr. $1.372M. 7.15% cap.
3. Retail Center in Canton, OH: 13,216 SF eye-catching retail center built in 2008 on nearly 1 ac lot in high income Akron suburbs. Across from 800,000 SF Westfield Belden Village Mall. 100% NNN leased to Aspen Dental, EyeMasters, Buybacks and SleepLogic. NOI $346K/yr. $4.3M. 8.07% cap.
4. Rite Aid in Riverside, CA: 16,550 SF Rite Aid Pharmacy built in 2000 on 2.26 ac lot at high traffic and high income (AHI $80K/yr in 1 mile) location in Southern California. 20 yrs NNN corp ease with 7 yrs left. NOI $294K/yr.  $3.847M. 7.65% cap. Store with strong sales revenue of $8.3M (low 3.54% rent to income ratio means high likelihood of lease renewal.)
5. Retail Center in Woodstock, IL: 13,915 SF retail center in fast growing and high income (AHI $75K/yr) city just West of Chicago. Across from Walmart Supercenter. 89% NNN leased to Verizon Wireless, Benjamin Franklin, Anytime Fitness, Great Clips and Chiro One. NOI $225K/yr. $2.73M. 8.25% cap.
6. Wendy’s in Buffalo Grove, IL: 4,089 SF Wendy’s restaurant at major retail corridor in affluent (AHI $103K/yr in 1 mile) Chicago metro.  Tenant has been at this location since 1990. 100% NNN lease with 2 yrs left. NOI $69K/yr. $910K. 7.64% cap.  Store with strong over $1.1M in sales and is very likely to renew lease.
7. Strip Center in Corpus Christi, TX: 8768 strip center built in 2005 on .91 ac lot with excellent visibly in high income area with an AHI of $96K/yr within 1 mile.  100% leased. NOI $120K/yr. $1.39M. 8.64% cop.
8. Advance Auto Parts in Raleigh, NC: 7000 SF Advance Auto Parts built in 2006 on 1.48 ac lot next to Walgreens. Across from Walmart supercenter. 15 yrs NNN lease with 8 yrs left. NOI $155K/yr. $2.276M. 6.85% cap.
9. MOB in Hendon, WA: 22,833 SF Class-B medical office building on 1.48 ac lot in very affluent (AHI $182K/yr) Washington DC suburbs. 100% leased. 7% cap. NOI/Price not disclosed.
10. Shopping Center in Florissant, MO: 32,794 SF well maintained shopping center on 3+ ac lot at a high traffic location in St. Louis suburbs. Next to I-270.  With solid tenant mix. NOI $333K/yr. $4.1M. 8.13% cap.

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