Welcome new investors. Each property has a brief description and a 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. Underlined phrases if any indicate (safe) hyperlink that you can click for more info.
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. Shopping Center in San Diego, CA: 32,494 SF shopping center on 3.8 acres lot next to I-805 exit. 100% NNN leased to 21 tenants including. NOI $773K/yr. $10.18M. 7.6% cap.
2. RAI Dialysis Center in Springfield, IL: 6567 SF dialysis center built in 2007 on .65 acre lot. 10 yrs NNN- corp lease with 6 yrs remaining to Renal Advantage, Inc. with 260 centers. NOI $127K/yr with rare 4% annual rent bump. $1.49M. 8.5% cap.
3. Apartments in Seabrook, TX: 276-unit 3-story apartments built in 1984 on 12.33 acres lot in the upper middle-class Clear Lake area (AHI $98K/yr) in Houston suburbs. 89% occupied. Pro forma NOI $1.217M/yr. $12.1M. 9.7% cap.
4. Walgreens in Spokane, WA: 14,490 SF drug store built in 2001 on 1.35 acres lot at a signalized intersection. 25 yrs NNN lease with 16 yrs remaining. NOI $415K/yr. $5.75M. 7.22% cap.
5. Office building in Orange Park, FL: 26,842 SF office building on 2.09 acres lot in campus of Orange Park medical center with 500 physicians in Jacksonville suburbs. 72% occupied. Pro forma NOI $293K/yr. $3.25M. 9.04% cap.
6. Sonic Ground lease in Bonney Lake, WA: 2961 SF Sonic restaurant built in 2009 on .68 ac outparcel to Lowe’s in Seattle suburbs. Surrounding Retailers Include Wal-Mart, Target, The Home Depot, Marshalls, and Albertsons. 20 yrs absolute NNN ground lease (land is for sale). NOI $90K/yr. $1.335M. 6.74% cap.
7. Medical office building in Huntington Beach, CA: 55,693 SF medical office building with visibility from I-405 in high income area. 78% occupied. Current NOI $706K/yr. $9.5M. 7.45% cap. Upside potential when fully leased.
8. Hooters in Phoenix, AZ: 6207 SF restaurant on 1.2 acres lot in front of Desert Sky Mall. 20 yrs NNN lease. NOI $150K/yr. $2.048M. 7.25% cap.
9. Christian Brother Automotive in Murphy, TX: 4921 SF automotive service center built in 2010 on .82 ac lot in fast growing (100% since 2000) and affluent (AHI $110K/yr) Dallas suburbs. 20 yrs NNN corp lease from a growing regional tenant. NOI $159K/yr with 1.5% annual rent bump.$1.81M. 8.5% cap.
© Transmercial 2011.
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