05-28: Food 4 Less, Tires Plus, Childtime Learning Center, MOB

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on loopnet, CBRE, M&M, SVN, and various other sources.   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 for selection criteria.  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. Strip Center in Orlando, FL: 23,167 SF attractive strip center built in 2008 on 2.5 ac corner lot. 92% leased to 9 tenants with 1 avail unit.  NOI $359K/yr.  $4.1M. 8.8% cap.
2. MOB in San Bernardino, CA: 15,159 SF Class-A medical office building on 1+ ac lot close to 250-bed St Bernardine Medical Center. 80% NNN leased to Cardiology, Pediatrics, Orthopedics and Physical Therapy. NOI 183K/yr. 7.50% cap. Upside potential.
3. Office Building in Fresno, CA: 6315 SF Class-A office building on .71 ac lot in high income area with an AHI of $108K/yr in 3 mile radius. Close to Power Centers, Kaiser Permanente and Fresno Heart & Surgical Hospital. 100% leased to multiple tenants. NOI $115K/yr. $1.645M. 7% cap.
4. Retail Center in Clermont, FL: 43,885 SF well maintained retail center on 3.59 ac lot next to Hwy-27in Orlando suburbs. Anchored by a 14,595 SF Walgreens. 100% leased to 8 tenants. NOI $501K/yr. $6.8M. 7.38% cap.
5. Food 4 Less in Atwater, CA: 49,950 SF Food 4 Less grocery store on 5+ ac lot at a high traffic location in a growing city near Merced. 100% NNN lease with 10+ yrs left. NOI $533K/yr. $7.628M. 7% cap.
6. Tires Plus in Carmel, IN: 6600 SF auto center on .43 ac lot at main retail corridor. 100% absolute NNN corp lease with 11 yrs left. NOI $189K/yr. $2.528M. 7.50% cap.
7. Office Building in Westwood, MA: 7400 SF Class-A newly constructed office building on 1.83 ac lot in growing and affluent (AHI $175K/yr) town in Boston metro. 100% leased. NOI $188K/yr. $2.35M. 8% cap.
8. Childtime Learning Center in Fleming Island, FL: 8000 SF well maintained day care facility built in 1997 on 1+ ac lot in growing (65.26% pop growth) and high income (AHI $102K/yr) Jacksonville suburbs. Close to major shopping centers. 100% absolute NNN corp lease with 4 yrs left. NOI $167K/yr. $1.495M. 11.22% cap.
9. Retail Center in McKinney, TX: 19,707 SF high quality constructed retail center built in 2003 on 3.70 ac lot in Dallas suburbs.  Bordered by major centers anchored by Home Depot, Sam’s Club, Walmart and Target. Next to Hwy-75/121. 73% leased to Pizza Hut, Monarch Dental My Children’s Pediatric Practice and Thai Pan Restaurant. $2.925M. Cap/NOI not provided.
10. Strip Center in Crystal Lake, IL: 7738 SF strip center built in 2009 in growing and high income (AHI $94K/yr within 3 mile) Chicago suburbs. All tenants face main thoroughfare. 100% NNN leased to Visionworks, SuperCuts and CD One Price Cleaners. NOI $227K/yr. $2.844M. 8% cap.

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