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 after 2 weeks delay. 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. Urgent care center in Phoenix, AZ: 4321 SF single-tenant urgent care center built in 2005 & expanded in 2010 on .89 acre lot next to Walgreens and near Fwy 10. New 7 yrs NNN lease to Nextcare Urgent care with 57 locations in 6 states. NOI $112K/yr. $1.321M. 8.5% cap.
2. Shopping center in Carson, CA: 15,577 SF retail center across from Southbay Pavilion Mall anchored by Idea, Target, JCPenney and Sears. Just off I-405 exit with highway visibility. Densely populated middle class area with over 575K residents within 5 miles. 100% NNN leased to 9 tenants. NOI $356K/yr. $4.585M. 7.77% cap.
3. Rally’s Drive In Restaurant in Indianapolis, IN: 1000 SF drive in restaurant built in 2005 on ½ ac lot. 100% NNN corp ground lease till 2010. NOI $69K/yr with 10% rent bump in 2015. $800K. 8.66% cap.
4. Shopping Center in Palmdale, CA: 55,209 SF shopping center on 7.86 acres lot. Anchored by 24-Hr Fitness, Aaron Rents, and Goodwill and shadow anchored by 60,000 SF Superior Grocers with 34 locations in Southern CA. 100% NNN leased to 10 tenants with low avg of less than $1/SF. NOI $585K/yr. $6.855M. 8.5% cap. Upside potential.
5. Taco Bell & Long John Silver’s in Queen Creek, AZ: 2983 SF dual-branded fast food restaurant built in 2007 on 1.17 acres outparcel to a shopping center anchored by CVS pharmacy and Autozone. Directly South of Walmart anchored shopping center. Excellent Phoenix suburbs: fast growth (300+% since 2000), wealthy (AHI $97K/yr). 20 yrs absolute NNN lease with 18 yrs remaining. NOI $145K/yr. with 10% rent bump every 5 yrs. $1.812M. 8% cap.
6. Burger King in Tracy, CA: 3221 SF restaurant on ¾ acres outparcel to Walmart anchored center in fat growing (170%) bedroom community 30 miles East of Silicon Valley. Adjacent to Costco. New 15 yrs absolute NNN lease. NOI $104K/yr. $1.6M. 6.5% cap.
7. Macaroni Grill in Lake Mary, FL: 6859 SF Italian Grill restaurant built in 1999 on 1.6 acres just off I-4 exit in Orlando suburbs. 100% absolute NNN corp ground lease with guaranty by Brinker International (NYSE: EAT) with 5 yrs remaining. NOI $115K/yr with rent increased to $135K/yr in 2012. $1.6M. 7.2% cap now and 8.5% in 2012.
8. Rite Aid in Barstow, CA: 17,272 SF drug store built in 2007 on 2.12 acres lot at a signalized corner in a growing city. 20 yrs absolute NNN lease with 17 yrs remaining. NOI $455K/yr. $5.689M. 8% cap.
9. Shopping Center in Kissimmee, FL: 19,382 SF multi-tenant shopping center built in 2006 on 2.6 acres lot in fast growing (64% since 2000) Orlando suburbs. NOI not avail. $2.1M. Cheap at just $108/SF!
10. Tuffy Tire & Auto in Mount Dora, FL: 5600 SF auto center built in 2008 on a major road in fast growing middle-class Orlando suburbs. 20 yrs NNN corp lease to Tuffy auto, a regional auto service provider. NOI $160K/yr. $1.787M. 9% cap.
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