01-17: Office Buildings, Jack in the Box, 7-Eleven, Apartments, Kragen Auto for sale

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.
 
AHI: Avg. Household Income.  National average is about $50+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.      Office Building in Shiloh, IL: 7975 SF office building in middle class Saint Louis suburbs with easy access to I-64.  100% NNN leased to 3 good tenants: Morgan Stanley, Sylvan Learning Center, and Carrolton Bank.  NOI $134K/yr. $1.31M. 10.25% cap.
2.      Retail Center in Bend, OR: 10,992 SF retail center on 1.92 acres lot in growing and high income city.  100% leased to 2 tenants.  NOI $152K/yr. $1.6M. 9.5% cap.
3.      Office Building in Atlanta, GA: 13,800 SF 2-story 7-unit retail/office building next to Home Depot in high income North Atlanta. 93% NNN leased.  NOI $197K/yr.  all leases have 3% annual rent bump.  $2.45M. 8% cap.
4.      Apartments in Inglewood, CA: 10-unit apartments near Centinela Medical Center in densely-populated area in Los Angeles (no rent control area). 100% occupied.  NOI $69K/yr. $949K. 7.4% cap.
5.      Jack in the Box in Mesquite, TX: 2467 SF fast food restaurant on .46 acre lot in middle class Dallas metro.  100% NNN corp lease with 10 yrs remaining.  NOI $77K/yr with 8% rent bump every 5 yrs.  $1.187M. 6.5% cap.
6.      Apartments in Fort Lauderdale, FL: 94-unit 3-story apartments on 2.67 acres lot in a wealthy area (AHI $84K/yr).  95% occupied.  NOI $576K/yr. $7.9M. 7.5% cap
7.      7 Eleven Plaza in Clifton, NJ: 3900 SF retail plaza on 1/3 acres lot in densely populated area (over 625K residents in 5 miles ring).  100% leased to 7-Eleven and another tenant.  NOI $105K/yr. $1.45M. 7.25% cap.
8.      Kragen Auto Parts in Clovis, CA: 7002 SF Kragen Auto parts (owned by O’Reilly) built in 2006 on an outparcel to a 100,000+ SF shopping center in a growing city.  15 yrs NNN lease with 10+ yrs remaining.  NOI $130K/yr with 10% rent bump every 5 yrs ($144K in Oct 2011).  $1.869M.  7% cap now and 7.7% cap in Oct 2011.