01-02: Family Dollar, MOB, BJ's, Bridgestone, Applebee's, 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.  These properties are selected from 300-400 daily listings on 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. Retail Center in Santa Rosa, CA: 11,878 SF retail center built in 1999 on nearly 1 ac lot North of San Francisco. Across from Raley’s Market and Ace Hardware center. 100% leased with good tenants mix. NOI $272K/yr. $4.45M. 6.13% cap.
2. Family Dollar in Phoenix, AZ: 8320 SF newly constructed retail building on .86 ac lot at a signalized location. Close to 266-bed John C Lincoln North Mtn Hospital. Newly executed 10 yrs NNN- corp lease with 9 yrs left. NOI $127K/yr. $1.93M. 6.60% cap.
3. MOB in Huntersville, NC: 11,411 SF Class-B medical office building completed in 1997 in fast growing and high income Charlotte suburbs with an AHI of $104K/yr in miles. 100% NN leased to multiple tenants. NOI $213K/yr. $2.25M. 9.50% cap.
4. BJ’s in Jacksonville, FL: 119,598 SF Wholesale warehouse retail store built in 2005 on 11+ ac lot along major corridor. Adjacent to Lowe’s Home Improvement. 20 yrs NNN lease with 12 yrs left. NOI $1.258M/yr with rent increases every 5 yrs. $19.355M. 6.50% cap.
5. Bridgestone Firestone in Broker Arrow, OK: 6888 SF currently being remodeled tires and auto repair center on .80 ac lot in Tulsa suburbs. Close to Hwy-51. 20 yrs absolute NNN corp lease with 8 yrs left. NOI $157K/yr. $2.247M. 7% cap.
6. Applebee’s in Spartanburg, SC: 4,386 SF Applebee’s restaurant built in 1997 on 1.20 ac lot. Long major retail corridor and close to Mary Black Memorial Hospital. 20 yrs absolute NNN lease with 11 yrs left.  NOI $157K/yr with 1.75% annual rent bumps. $2.1M. 7.50% cap.
7. Retail Center in Pelham, AL: 11,444 SF attractive retail center built in 2004 on 1½ ac lot in growing upper middle-class Birmingham suburbs.  85% leased. NOI $150K/yr. $1.875M. 8% cap.
8. Burlington Coat Factory in Richardson, TX: 74,091 SF Burlington Coat Factory in growing and high income (AHI $85K/yr in 1 mile) Dallas suburbs. Across from Richardson Square, a Power Center with Super Target, Sears, Ross Dress for Less, Anna’s Linens and Lowe’s. 100% NNN lease with 7 yrs left. NOI $533K/yr. $5.615M. 9.50% cap.

            (c) Transmercial 2014