01-18: Retail center, Office Building, Starbucks, Arbys, Dennys, apartment 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.      Strip center in Port Saint Lucie, FL: 8140 SF retail center built in 2007 in a fast growing city.  100% leased to 5 tenants.  NOI $163K/yr. $1.789M. 9.2% cap.

2.      Office Building in Fort Myers, FL: 17,876 SF office building constructed in 1999 as a part of 12+ acres office park in fast growing area (96% since 2000).  100% leased.  NOI $250K/yr. $2.592M. 9.7% cap.

3.      Wells Fargo Office Building in Pearland, TX: 24,994 SF class-A office building on 2.33 acres lot in high growth, high income Houston suburbs.  Anchored by Wells Fargo.  95% leased.  NOI $316K/yr. $3.2M. 9.9% cap.

4.      Starbucks Retail in Murfreesboro, TN: 3970 SF retail center built in 2006 on an outparcel to Kroger anchored shopping center.  100% NNN leased to Starbucks and Suntan City (regional tenant with 100+ locations in 7 states).  NOI $118K/yr.  with 10% rent bumps for both tenant in 2011.  $1.524M. 7.75% cap now and 8.52% cap later this year.

5.      Arby’s in Woodbury, MN: 3528 SF restaurant built in 2003 on 1.21 acres in a growing suburb in the Twin Cities metropolitan area.  Long term NNN lease.  NOI $179K/yr. $2.237M. 8% cap.

6.      Denny’s in Brooklyn Center, MN: 5250 SF family restaurant built in 1996 on 1 ac lot right off I-94 exit in St Paul metro.  100% NNN lease with 11 yrs remaining to an operator with 9 locations.  NOI $180K/yr. $2.117M. 8.5% cap.

7.      Apartments in San Francisco, CA: 7-unit well-kept apartments with 6 garages.  6 occupied units with 1 avail.  NOI $89K/yr. $899K. 10% cap.

© Transmercial 2011.