10-20: Chase Bank & Starbucks, KFC, Apartments, Fresh & Easy, Smokey bone, Office Building

Welcome new investors.  Each property has a brief description and a flyer (attached).  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.

For a full marketing brochure, please forward the email to maria@transmercial.com and specify the property number.  We may ask you for feedback later for the listing broker.  If so, please cooperate.

• 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.  Chase Bank & Starbucks in Carmichael, CA: 6995 SF build-to-suite retail center constructed in 2007 on 1.19 acres lot.  100% leased to Chase Bank (S&P A+) and Starbucks (S&P BBB+) both till 2017.  NOI $308K/yr with 10% rent bumps for both every 5 yrs.  $4.4M. 7% cap. 
2. Shopping Center in Pensacola, FL: 49,768 SF 4-yrs old 3-unit shopping center on 9.2 acres lot.  Adjacent/close to Lowes, Home Depot, Wal-mart, and Walgreens. Anchored by 26,838 SF Ross (till 2020) and 20,930 SF Office Depot (till 2018).  96% NNN leased with just 2000 SF unit vacant.  Pro forma NOI $359K/yr. $4.185M. 8.58%cap. 
3. KFC in Belleview, NE: 2138 SF KFC restaurant on ½ ac lot in Omaha metro.  New 20 yrs absolute NNN lease to the 4-th largest KFC franchisee with 115 restaurants in 6 states.  NOI $75K/yr with 10% rent bump every 5 yrs.  $1M. 7.5% cap. 
4. Strip Mall in Gilbert, AZ: 7200 SF strip mall built in 2003 on 1.41 acres lot as part of multi-building retail office complex in affluent Phoenix metro (AHI $100K/yr in 1 mile).  100% NNN leased to 3 tenants.  NOI $114K/yr. $1.366M. 8.4% cap. 
5. Starbucks in Sacramento, CA: 2658 SF retail center on ¾ ac outparcel to Save Mart supermarket and Rite Aid anchored 136,000 SF shopping center.  100% NNN corp lease till 2020.  NOI $92K/yr. with 10% rent bump every 5 yrs.  $1.321M. 7% cap.  Note:  While Starbucks [smartly] subleases 1280 SF to Mr Pickles Sandwich shop but it remains responsible for the entire building. 
6. Apartments in Austin, TX: 479 unit class-A apartments complex built in 2001 on 38 acres lot in a gorgeous, natural, Hill Country setting in high income Southwest Austin.  Avg rent $1138/month.  NOI and price N/A. 
7. Fresh & Easy Market in Napa, CA: 19,204 SF Fresh & Easy Neighborhood Market on 1.84 acres in affluent wine country in Northern CA (AHI $97K/yr in 1 mile).  20 yrs corp NNN- lease with 18 yrs left.  NOI $432K/yr with 10% rent bump every 5 yrs.  $7.2M. 6% cap. 
8. Firestone in Mesa, AZ: 8143 new Firestone Auto center on an outparcel to Wal-mart supercenter in affluent Phoenix metro (AHI $98K/yr in 1 mile). 20 yrs absolute NNN corp lease. NOI $231K/yr. with 6.25% rent bump every 5 yrs. $3.302M. 7% cap. 
9. Smokey Bone Restaurant in Grove City, OH: 6930 SF Smokey Bone Bar & Grille on 1.35 acres outparcel to Wal-mart in fast growing and high income Columbus metro.  Surrounded by national big box retailers including Target, TJ Maxx, Bed Bath & Beyond, Old Navy, Dick' s Sporting Goods, Michaels, Kohl' s, Staples, Home Depot, Sam' s Club, Best Buy.  Long term absolute NNN lease.  NOI $145K/yr. with 1.75% annual rent bump.  $2.012M. 7.25% cap. 
10. Single-tenant Office Building in Ann Arbor, MI: 31,504 SF class-A office building on 2.58 acres lot in high-income high-tech Ann Arbor.  Just 5 minutes from the University of Michigan.  100% NNN leased till 2017 to Cybernet Systems, a leader in American research and development in the medical and defense fields and is one of the country's largest Small Business Innovation Research (SBIR) contract winners. NOI $287K/yr. $2.995M. 9.6% cap.

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