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. Bevmo! in Fairfield, CA: 8996 SF Beverage & More! Liquor & Wine Store renovated in 2008. In high income area near I-80 with long term NNN lease to a chin with 110 stores in CA & AZ. NOI $207K/yr with 12% rent bump every 5 yrs. $3.18M. 6.5% cap.
2. Childtime Learning Center in Manassas, VA: 8854 SF childcare center in growing upper middle class Washington DC suburbs. 100% NNN leased to a national childcare provider with 6 yrs remaining. NOI $168K/yr. $1.765M. 9.51% cap.
3. 24 Hr Fitness in Murray, UT: 35,000 SF fitness center on 2.21 acres lot as part of a shopping center with 2 other anchored tenants: Big Lot! and Fresh Market. High income Salt Lake city metro. 20 yrs NNN- lease till 2024. NOI $670K/yr. $8.38M. 8% cap.
4. Shopping Center in Long Beach, CA: 34,647 SF shopping center in high income area. 100% leased to 10 tenants with low rent. NOI $497K/yr. $7.37M. 6.75% cap. Buyer to assume $3.77M loan at low 5.19% interest rate.
5. Shopping Center in Fairview Heights, IL: 59,398 SF shopping center built in 2009 on 5.9 acres lot adjacent to 140-store St. Clair Square Regional Mall in St Louis suburbs. Anchored by Joann Fabrics and Party City. 100% NNN leased. NOI $625K/yr. $7.68M. 8.15% cap.
6. Trophy Condo Tower in North Hollywood, CA: 33-unit 25,961 SF condo tower built in 2006 in upper middle class area. Gross income $561K/yr. $6.9M.
7. Strip Center in Chesterfield, MO: 13,558 SF class-A strip center built in 2005 on 2 acres corner lot in affluent (AHI $178K/yr) St Louis suburbs. NOI $247K/yr. $2.96M. 8.37% cap.
8. Fitness Center in Blue Springs, MO: 26,000 SF fitness center on 2 acres lot in middle class Kansas metro with I-70 visibility. 100% NNN lease with 9 yrs remaining. NOI $116K/yr. $1.21M. 9.6% cap.
9. Medical Office Building in Clarksville, IN: 10,733 SF established medical office building on 1.09 acres lot in Louisville metro. 100% leased to 5 medical tenants. NOI $140K/yr. $1.225M. 11.5% cap.
10. Retail center in Hebron, TX: 14,176 SF retail center built in 2008 on 1.55 acres lot in fast growing (247% since 2000) and affluent (AHI $168K/yr in 1 mile) Dallas suburbs. 83% leased. NOI $224K/yr. $2.4M. 9.34% cap.
© Transmercial 2011.
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