Welcome new investors. Each property has a brief description and an one-page flyer (attached). For a full marketing brochure, please email to maria@transmercial.com. Previous lists are posted on Transmercial’s blog. Please click here to see how Transmercial selects the following properties among 300-400 properties on the market today.
NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income
NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
NNN-: Triple net lease with landlord responsible for roof and structure.
1. Checker Auto Parts in Albuquerque, NM: 7200 SF single-tenant retail building on 1 ac lot. 100% NNN lease with no landlord responsibilities to Checker auto (owned by Oreilly Auto, NASDAG: ORLY) till 2016. NOI $100K/yr. $1.25M. 8% cap. Recession resistant tenant.
2. IHOP restaurant in Phoenix, AZ: 4821 SF 24-hr restaurant built in 2009 on 1 ac lot near I-17. 100% absolute NNN lease till 2029 to an operator with 31 units. NOI $185K/yr with 10% rent bump every 5 yrs. $2.56M. 7.25% cap.
3. Medical Office Building in Raleigh, NC: 5679 SF single-tenant medical office building on a major artery fast growing (50% since 2000) upper middle class area with AHI $84K/yr. 100% NNN leased to Nextcare, a fast growing regional Urgent Care provider with locations in AZ, CO, TX, VA, GA, and NC. NOI $128K/yr. $1.604M. 8% cap.
4. Rite Aid in Loma Linda, CA: 16,836 SF drug store built in 1999 on 1.5 acres outparcel to a shopping center at the intersection of 2 major arteries. One block from the renowned 800-bed Loma Linda University medical center, and VA Medical Center. Easy access to I-10. Excellent demographics -- fast growing middle class area. 100% NNN- lease till 2019. NOI $274K/yr. with unusually generous 20% rent increase in 9 yrs. And 5% rent increase every 5 yrs thereafter. Current rent at least 30% below market means it Rite Aid closes this location, you can rent for MORE! $3.887M. 7% cap.
5. Strip Mall in Centennial, CO: 6150 SF strip center as part of a shopping center anchored by SmartCo Grocery in affluent Denver metro (AHI over $100K/yr within 1 mile). 100% NNN leased to a dentist and liquor store. NOI $112K/yr. $1.4M. 8% cap.
6. Apartments in Phoenix, AZ: 182-unit apartments on 6.27 acres lot. 131 units are 2-3 bedrooms. NOI $239K/yr. $2.995M. 8% cap. Less than $16.5K/unit.
7. Shopping Center in Pompano Beach, FL: 27,400 SF multi-tenant shopping center in a growing area North of Fort Lauderdale. 80% leased. NOI not avail. $3.3M. Just $120/SF.
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