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. On the Border restaurant in Cranberry Township, PA: On the Border Mexican Grille built in 2005 on 2.13 acres lot across from Power Center anchored by Target, Lowe's, T.J. Maxx and Staples. Easy access to I-79 in affluent Pittsburg suburbs. 10 yrs NNN ground lease till 2016 (land is for sale) with guaranty by Brinker International (S&P rated BBB-). NOI $131K/yr. $1.685M. 7.7% cap.
2. Office Building in Pacheco, CA: 20,540 SF 2-story office building on 1.3 acres lot high-income Concord/Walnut Creek area. Easy access to I-680 and hwy 4. 70% leased. Pro forma NOI $270K/yr. $2.7M. 10% cap.
3. Office Building in Sacramento, CA: 74,000 SF office building on 4.43 acres corner lot on the busy Florin road with easy access both I-5 and Hwy 99. 90% occupied. Current NOI $458K/yr. $4.2M. 10.91% actual cap.
4. Walgreens in Centennial, CO: 14,025 SF new drugstore on a corner lot in affluent Denver metro (AHI $105K/yr). New 25 yrs NNN lease. NOI $625K/yr. $9.26M. 6.75% cap.
5. Shopping Plaza in Median, ID: 50,090 SF retail center built in 1994 on 3.65 acres lot in middle class Boise metro. 100% NNN leased to 3 tenants. NOI $348K/yr. $3.65M. 9.55% cap.
6. Walgreens in Fort Myers, FL: 14,675 SF drug store on 1.17 acres corner lot on a busy artery. 100% NNN lease with 8 yrs remaining. NOI $201K/yr. $2.6M. 7.75% cap.
7. Wendy’s in Conroe, TX: 3050 SF restaurant built in 1995 on 1.24 acres just off of I-45 exit in Houston suburbs. 100% NNN leased to a multi-unit operator till 2024. NOI $137K/yr with 10% rent bump every 5 yrs. $1.7M. 8% cap.
8. Medical Office Building in Bonney Lake, WA: 19,023 SF medical office building developed in 1998 on 1.77 acres parcel in high growth, high income area South of Seattle. 94% leased. NOI $362K/yr $4.5M. 8.05% cap.
9. Office Building in San Leandro, CA: 12,000 SF office building in middle-class San Fran Bay Area with easy access to I-880. 80% occupied. NOI $120K/yr. $1.6M. 7.5% cap.
10. Medical Dental Building in Simi Valley, CA: 50% ownership in 28,693 SF medical office building on 1.97 acres lot in affluent city. 100% NNN leased at below market rates. NOI $160K/yr. $2.145M.
© Transmercial 2011.
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