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. Used by Transmercial only.
1. Shopping Center in Rowlett, TX: 49,273 SF shopping center built in 1994 on 5.5 acres lot in middle-class Dallas suburbs. Anchored by 27,000 SF Big Lots. 100% leased to 4 tenants. NOI $427K/yr. $4.449M. 9.62% cap.
2. Shopping Center in San Jose, CA: 36,895 SF shopping/medical office center renovated in 2006. On 3 acres corner lot in a wealthy San Jose bedroom community (AHI $115K/yr). 100% leased to 15 retail & medical tenants. NOI $561K/yr. Price reduced to $7.6M. 7.4% cap.
3. Hooters Restaurant in Tampa, FL: 6700 SF restaurant on .89 acres outparcel to a shopping center just off I-75 exit in middle class area & tourists destination. Store with strong $4.6M in revenue. New 20 yrs absolute NNN lease. NOI $275K/yr. $3.2M. Low 6% rent to income ratio. 8.6% cap.
4. Wendy’s Restaurant in Missouri City, TX: 2963 SF restaurant on .92 acres outparcel to a Wal-mart supercenter in affluent (AHI $105K/yr w/I 1 mile) Houston suburbs. Across from Kohl’s and Target. New 18 yrs absolute NNN lease by a franchisee with 76 locations. Store with strong $1.388M in sales. NOI $111K/yr. $1.442M. 7.75% cap.
5. IHOP in Cordova, TN: 4797 SF restaurant built in 2009 on 1 ac lot on a retail corridor in high income Memphis suburbs. 20 yrs absolute NNN lease with 19 yrs remaining to an operator with 30 locations and $50M annual sales. NOI $202K/yr. $2.703M. 7.5% cap.
6. Vacant restaurant in Pittsburg, CA: 6752 SF former restaurant on 1.12 acres lot with easy access to hwy 4 East of San Fran. Price reduced from $1.199M to $899K.
7. Strip Mall in Sacramento, CA: 14,947 SF 6-unit strip center built in 1980 on .79 acres corner lot. 80% leased with 1 vacant unit. NOI $115K/yr. $1.349M. 8.56% cap. Just $90/SF!
8. Davita Dialysis center in Marriott-Slaterville, UT: 5000 SF 2-yrs old single-tenant dialysis center in fast growing (44% since 2000) Salt Lake City suburbs. 10 yrs NNN leased to Davita (NYSE: DVA, ranked 355 among Fortune 500 companies in 2010). NOI $88K/yr. Price just reduced to $934K. 9.5% cap. Note: a dialysis center often requires several million dollars of equipment investments and thus tenant often occupies the property for a long time.
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