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 between $700K-$20M 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. Medical building in Bradenton, FL: 6958 SF single-tenant medical office building on .64 ac lot on a major artery in middle-class Tampa metro. 15 yrs NNN lease to West Florida Physicians Network, LLC , a subsidiary of HCA Healthcare (NYSE: HCA), the nation’s leading healthcare provider. NOI $79K/yr with 3% annual rent bump. $1.059M. 7.5% cap. Great property for 1st time investors.
2. Retail center in Calumet City, IL: 25,000 SF single-tenant retail center on 1.4 ac lot in growing Chicago suburbs. Next door to Target and part of 1,379,000 SF River Oaks Shopping center. 100% leased to a local beauty supply tenant. NOI $130K/yr. $1.295M. 10% cap. Just $51/SF.
3. Shopping Center in Glendale, AZ: 91,563 SF 21-unit mature shopping center on 7.18 acres lot at busy intersection in high income (AHI $88K/yr in 1 mile) Phoenix suburbs. Anchored by 37,546 SF Big Lots! and Anytime Fitness. 93% NNN leased with 1 vacant unit. NOI $769K/yr. $9.5M. 8.1% cap. Upside potential when fully leased.
4. Shopping Center in Atlanta, GA: 76,312 SF shopping center on 10 acres lot. Anchored by Family Dollar, and Wayfield Foods with 7 stores in Atlanta. Wayfield Foods has been in the center for 20 yrs. 100% NNN lease. NOI $443K/yr. $4.436M. 10% cap.
5. Firestone Auto Care in Milwaukee, WI: 7609 SF new Firestone auto care center on .95 ac lot. 15 yrs corp NN lease. NOI $213K/yr with 6.5% rent bump every 5 yrs. $2.662M. 8% cap.
6. Oregano’s Pizza in Mesa, AZ: 4510 SF pizza restaurant on ½ acre outparcel across from 571-bed Banner Desert medical center and Mesa Community College. 20 yrs NNN lease at close of escrow to Oregano's Pizza Bistro, Inc. with 9 stores and $24M in sales. NOI $123K/yr. with 1.5% annual rent bump. Store with strong $2.5M in sales (very low 4.9% rent to income ratio, and thus is very profitable). $1.491M. 8.25% cap. 2 other locations for sale for $1.782M and $2.231M with same cap and performance.
7. CVS pharmacy in Dallas, TX: 12,973 SF drug store built in 2001 on 1.71 acres lot at a busy intersection with unique ingress and egress from 3 different roads. 100% NNN lease till 2021. NOI $467K/yr. Store with strong sales of $15M! $6.15M. 7.6% cap. Buyer to assume $4.4M loan at low 5.43% interest.
8. Shopping Center in Brownsville, TX: 174,400 SF neighborhood center on 23.6 acres corner lot next to hwy 83 in a high growth border city. Anchored by Big Lots!, Family Dollar, Goodwill, Factory2U. 98% leased. NOI $1.186M. $12.487M. 9.5% cap.
9. Shopping Center in Palos Heights, IL: 135,030 SF 24-unit community center on 12.34 acres corner lot in middle-class Chicago suburbs. Anchored by 66,464 SF Dominick’s Supermarket, (owned & lease-guaranteed by Safeway) and 20,709 SF Ace Hardware. 96% NNN leased with 3 vacant units. NOI $1.096M. $14.5M. 7.6% cap.
© Transmercial 2011.
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