1. Retail center in Maywood, CA: 28,340 SF single-tenant retail center built in 1993 on 1.8 acres lot with 950K residents within 5 miles ring. 100% leased with 6 yrs remaining to Fellas Parades Discount Store, a regional tenant with the same owner as Factory 2-U. NOI $325K/yr. $3.95M. 8.25% cap.
2. Carino’s Italian Restaurant in Antioch, CA: 6842 SF Carino’s restaurant on 1.41 acres outparcel to a power center anchored by Target, Sport Chalet, Office Depot, Pets Mart, Pier 1 Imports, Bev Mo, Bed Bath & Beyond, Old Navy, and more. New 15 yrs absolute NNN lease to the largest Carino’s franchisee. Northern CA city with excellent demographics. NOI $180K/yr. with 12% rent bump every 5 yrs. $2.665M. 6.75% cap.
3. Starbucks in Decatur, AL: 1870 SF Starbucks completed in 2008 on over 1 ac lot. Adjacent to Wal-Mart and Home Depot. 10 yrs NNN- with 7 yrs remaining and no kick out clause. NOI $103K/yr. with 10% rent bump in 2013. $1.381M. 7.5% cap.
4. Medical Office Building in Rio Rancho, NM: 18,060 SF class-A medical office building on 2.58 acres lot across street from Intel. 100% leased. NOI $366K/yr. $4.95M. 7.4% cap.
5. Denny’s in Orlando, FL: 4765 SF restaurant on 1.13 acres lot in a growing and high income near the airport. 100% NNN leased till 2027 to an operator with 52 Dennys. NOI $82K/yr with 4% rent bump in 2013 and 10% rent bump every 5 yrs thereafter. $1.1M. 7.5% cap.
6. La Petite Academy in Diamond Bar, CA: 7536 SF La Petite Academy childcare center on .83 ac lot near Hwy 57 in upper middle class (AHI $99K/yr) city in Southern CA. 100% absolute NNN corp leased till 2017. NOI $232K/yr. with annual CPI-based rent bump. $2.586M. 9% cap.
7. Chuck E Cheese’s in Mobile, CA: 12,450 SF Chuck E. Cheese’s restaurant/entertainment center on 1.54 acres lot. 100% absolute NNN corp lease with 9 yrs remaining. NOI $114K/yr. $1.424M. 8% cap.
8. Kelly Moore Paints in Hayward, CA: 10,000 SF single-tenant retail center on .88 ac parcel. 15 yrs absolute NNN corp lease with 9 yrs remaining. Kelly Moore has been at this location for 40 yrs. NOI $134K/yr with CPI-based rent bump every 5 yrs not less than 10%. $2.066M. 6.5% cap.
9. Multi Family in Hayward, CA: portfolio of 9 single-family homes on separate parcels in high income San Francisco-Silicon Valley area. 100% occupied. NOI $141K/yr. $1.975M. 7.53% cap. Just over $200K/unit.
© Transmercial 2011.
FREE “How to invest in commercial real estate” seminar/webinar.
Date: Sat June 25, 2011
Time: 8:55AM to noon PST
Place: Transmercial at 1340 Tully Rd. suite 307. San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).
Presenter: David Tran
This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:
- Compare commercial vs. residential investment properties.
- Commercial real estate terminology: cap rate, NOI, etc.
- Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
- How to choose a good investment property.
- Investment returns
- When is a best time to invest in commercial real estate?
- National demographic trends that may influence on where to invest
- Where should you invest?
- Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
- Property Management issues.
- What you should know about financing for commercial properties.
- The offer process, due diligence.
Please use attached form for reservation for both seminar and webinar. Webinar instruction will be emailed 1 week before the presentation date.
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