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 between $700K-$20M on the market today (please advise if you are interested in properties above $20M). Underlined names if any indicate safe hyperlinks 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 Maplewood, MN: 16,582 SF shopping center constructed in 2000 on 1.97 ac lot next to Hwy-36 in Minneapolis metro. 91% leased to strong national/local tenants: Chipotle, Sprint, FedEx Kinko’s and Firehouse Subs. NOI $260K/yr. $3.350M. 7.78% Cap.
2. Office Plaza in Northbrook, IL: 34,700 SF well-maintained multi-tenant office building close to upscale Northbrook Court Mall, Hwy-41 and I-94 in North Chicago. 89.72% leased to 13-tenants. NOI $285K/yr. $3.435M. 8.32% Cap.
3. Medical Building in Yuba City, CA: 13,340 SF recently renovated single-tenant medical building across from Fremont Medical Center Hospital and near Sutter’s Hospital Campus. 100% NNN leased to a subsidiary of Sutter Health. NOI $231K/yr. $2.850M. 8.13% Cap.
4. Walgreen’s in Spokane, WA: 14,550 SF drug-store built in 2000 at a corner location. Well-performing store due to limited competition. NNN- corporate lease till 2020. NOI $372K/yr. $4.895M. 7.60% Cap.
5. Neighborhood Center in Fayetteville, NC: 66,890 SF multi-tenant center anchored by Food Lion, CVS and Family Dollar next to Lowe’s/Wal-Mart. NOI $579K/yr. $6.625M. 8.75% Cap.
6. Retail Center in Kissimmee, FL: 7176 SF retail center across from Valencia Community College-Osceola just 22.2 miles South of Orlando. 90% leased. NOI $96K/yr. $1.2M. 8% Cap.
7. Taco Bell in Folsom, CA: 2600 SF drive-thru fast food restaurant built in 2007 on .79 ac lot on a pad-site to Sam’s Club next to Hwy-50. Absolute NNN lease till 2027. NOI $113K/yr. $1.850M. 6.20% Cap.
8. DaVita Medical Building in Cape Coral, FL: 7411 SF Class-A medical building built in 2005 in high income Fort Myers MSA. 100% NNN leased. NOI $128K/yr with generous 3.5% annual rent increases. $1.765M. 7.5% Cap.
9. Shopping Center in Chula Vista, CA: 19,752 SF shopping center on 1.58 ac lot across from Chula Vista Center and close to Scripps Mercy Hosp Chula Vista/I-5. 100% leased. NOI $452K/yr. $5.5M. 8.23% Cap.
10. Retail Pad in Fresno, CA: 10,000 SF three-tenant retail pad between Manchester Mall and Fwy-41. Fully leased to Starbucks, Panda Express and Mexican Restaurant. 13+ years remaining or ground lease (land is for sale). NOI $66K/yr. with up to 10% rent bump every 5 yrs. $1.1M. 6% Cap.
© Transmercial 2011
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