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. Walgreens in Bremerton, WA: 14,490 SF drug store built in 2009 on 1.45 acres lot in Seattle metro (no state income tax state). 20 yrs NNN lease. NOI $425K/yr. with rare 17% rent bump in 1st option. $6.295M. 6.75% cap.
2. Bi-Lo supermarket in Anderson, SC: 46,453 SF Bi-Lo Supermarket (200+ locations in 4 states) on 5.13 acres lot across from 672,000+ SF Anderson Mall anchored by Dillard' s, JC Penney, Belk & Sears in a stable city. 100% NNN lease with low rent of 30 cents/SF. Tenant has been here since 1993. NOI $168K/yr. $2.105M. 8% cap.
3. Apartments in Waipahu, HI: 9-unit 3-story apartments in Honolulu metro. 100% occupied. Gross revenue $129K/yr. $1.195M. 7% cap.
4. Kmart in Cary, NC: 96,707 SF Kmart in middle class Durham suburbs. 100% NNN corp lease with 10+ yrs remaining. NOI $300K/yr. $3.75M. 8% cap.
5. Retail Center in Redwood City, CA: 6900 SF retail center on El Camino real in the middle of affluent Silicon Valley. 100% leased to 2 tenants: beauty salon, and tires store. NOI $75K/yr. $1.295M. 5.83% cap.
6. CVS Drug store in Baltimore, MD: 12,608 SF drug store on .91 acre lot in densely populated area with over 550K residents in 5 miles ring. NOI $234K/yr with rent bump to $249K/yr in 2013. 8 yrs remaining on the NNN lease. $2.85M. 8.25% cap.
7. Strip Center in Clemson, SC: 7440 SF strip center on 1.5 acres lot across from Bi-Lo Grocery and near SunTrust Bank, Domino's Pizza, UPS, The Marriot, Blockbuster, Gold's Gym, Bojangles, Capital Bank of SC, and Advanced Auto Parts. 100% NNN leased to 5 tenants. NOI $94K/yr. $1.05M. 9% cap.
8. Rite Aid in Tallmadge, OH: 2 yrs old Rite Aid on 2.33 acres lot in Akron metro. 20 yrs NNN corp lease with 18 yrs remaining. NOI $426K/yr. $4.49M. 9.5% cap.
© Transmercial 2011.
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