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. Rite Aid in Elk Grove, CA: 17,340 SF drug store with new Customer World design. Built in 2010 on 2.73 acres hard corner lot in high-growth (89% since 2000), high income (AHI $95K/yr) Sacramento suburbs. 20 yrs absolute NNN lease. NOI $588K/yr. with rent bump in options. $7.455M. 7.9% cap.
2. Strip Center in Murfreesboro, TN: 3970 SF 2-tenant retail center built in 2006 on an outparcel to a shopping center anchored by Kroger supermarket in high-growth middle class Nashville suburbs. 100% NNN by Starbucks and Suntan city (regional tenant with 100+ locations). NOI $118K/yr. $1.524M. 7.75% cap.
3. Party City in Bakersfield, CA: 11,232 SF single-tenant 3-yrs old retail center on .85 ac lot in high income area in Bakersfield (AHI $86K/yr). 100% NNN leased to 2020. NOI $222K/yr. $2.5M. 8.9% cap.
4. Retail Center in South Elgin, IL: 12,050 SF upscale retail center built in 2009 on 1.62 acres hard corner lot in fast growing upper middle class Chicago metro . 100% NNN leased by 4 tenants. NOI $318K/yr. $3.729M. 8.53% cap.
5. Shopping center in Cincinnati, OH: 9835 SF retail center built in 2007 on 1.5 acres outparcel to Wal-mart supercenter in an affluent area with AHI of $138K/yr within 1 mile. Easy access to I-75. 100% NNN leased by 4 national tenants: Starbucks, Chipotle, GameStop, Verizon. NOI $236K/yr. $2.6M. 9.1% cap.
6. Shopping Plaza in Indianapolis, IN: 84,799 SF stabilized neighborhood center on 10.46 acres lot in middle class area. Anchored by 58,875 SF Marsh Supermarket, a regional chain with 105 stores. Shadow anchored by K-mart, Kroger and Sears. 95% leased by 11 tenants. NOI $517K/yr. $5.75M. 9% cap.
7. Apartments in Dallas, TX: 111-unit apartments on 3 acres lot in affluent uptown district of Dallas (AHI $99K/yr). Rehabbed in 2004. 85% leased. NOI $250K/yr. $2.5M. 10% cap.
8. Retail center in Shoreline, WA: 14,000 SF retail center in Seattle metro. Across from Home Depot and Costco. 100% leased. NOI $289K/yr. $3.41M. 8.5% cap.
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