01-06: Mix-used, Auto Center, Arby's, Retail Centers

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. Mixed use Building in Austin, TX: 19,970 SF Class-B consisting of three buildings on over 4 ac lot in a fast growing area. Close to I-35. 90% leased to PRA ProMart, Mimi’s, Wells Branch Medical, Lincare Medical and Chiropractor. 8% cap. Price/NOI N/A.
2. Auto Center in West Covina, CA: 13,667 SF auto center at a busy corridor & in densely populated Los Angeles area with over 1,000,000 residents in a 5 mile radius. 91% leased to eight tenants with 1 avail unit. NOI $186K/yr. $2.55M. 7.30% cap.
3. Retail Center in Vista, CA: 12,000 SF well maintained retail center in upper middle-class Southern California, North of San Diego. Shadow anchored by Vons Supermarket and Harbor Freight Tools. Close to Hwy-78.  85% leased. Actual NOI $107K/yr. $2.1M. 5.14% cap. Upside potential when fully leased.
4. Retail Center in Huntington Beach, CA: 10,481 SF retail center built in 2002 on .88 ac outparcel to Target in affluent coastal town in Southern CA (AHI $112K/yr within 1 mile). 100% NNN leased. NOI $306K/yr. $5.85M. 5.24% cap.
5. Shopping Center in Tempe, AZ: 34,433 SF attractive shopping center on nearly 3 ac lot in Phoenix suburbs. Close to Tempe St Luke’s Hospital and I-10. 97% occupied. Actual NOI $351K/yr. $5.05M. 7% actual cap. Upside potential.
6. Retail Center in Dundalk, MD: 6000 SF attractive retail building on ½ ac lot in Baltimore suburbs. 100% NNN leased to five national tenants. 6.50% cap. Price/NOI N/A.
7. Arby’s in Bloomington, MN: 3700 SF Arby’s restaurant on 1 ac lot in high income (AHI $80K/yr in 5 mile radius) Minneapolis suburbs. Tenant has been at this location for over 35 yrs. 100% NNN leased with 4 yrs left. NOI $59K/yr. $912K. 6.50% cap.
8. Arby’s in Brooklyn Park, MN: 4022 SF Arby’s restaurant on over 1 ac lot at a signalized intersection in Minneapolis suburbs. Across from Target. 100% NNN corp guarantee with over 12 yrs left. NOI $126K/yr with 10% rent increases every  5 yrs. $1.942M. 6.50% cap.
9. Retail Center in Plantation, FL: 20,272 SF well maintained retail center on 1.24 corner lot in Fort Lauderdale suburbs. 74% leased. Pro forma NOI $159K/yr. $1.7M. 9% pro forma cap.
10. Retail Center in Marina, CA: 13,783 SF attractive retail center on nearly 1 ac lot in coastal town North of Monterey. 82% NNN leased to O’reilly Auto Parts, Design Hair & Nail, Kim's TV & Audio Repair, Coffee MIA, Bay Dental, and Tatoo shop. Actual NOI $223K/yr. $3.39M. 6.60% actual cap.  

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