11-10: Hardees, Power Center, Retail centers, Office Complex

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.  Hardee’s in Indianapolis, IN: 3377 SF restaurant on 1.39 ac lot along six-lane highway and next to I-74/465.  New 20-yr absolute NNN corp lease. NOI $100K/yr with 10% rent increases every 5-yrs. $1.312M. 7.65% cap. 
2. Power Center in Glendale, AZ: 74,832 SF power center on 9.79 acres of land next to Hwy-101 in fast growing and affluent (AHI $114K/yr) Phoenix suburbs.  Shadow-anchored by The Home Depot, Staples and Petco.  94% leased to national tenants including Staples, Petco, Mattress Firm, Del Taco, Subway, Papa Murphy's and Panda Express. NOI $1.327M. $17.38M. 7.64% proforma cap.  
3. Shopping Center in Hollywood, FL: 37,802 SF prestigious shopping center in densely-populated North Miami metro.  Anchored by Walgreens Pharmacy. Near Memorial Regional Hospital and Joe DiMaggio Children’s Hospital. 100% leased. NOI $473K/yr. $10M. 7.43% cap. 
4. Retail Center in Livermore, CA: 9300 SF well-maintained retail center in home of Lawrence Livermore National Laboratory with strong and stable workforce. Affluent area with AHI $120K/yr in 5 miles. Shadow-anchored by Rite Aid with national, regional and local tenants. 91% NNN leased. NOI $249K/yr. $2.95M. 8.45% cap.  
5. Shopping Center in Auburn, CA: 24,569 SF flex-space (retail/office/warehouse) center on 1.69 ac lot along Hwy-49 in middle-class Sacramento suburbs. 100% leased to long term tenants. NOI $152K/yr. $1.9M. 8% cap. 
6. Office Complex in Fort Myers, FL: 82,106 SF office complex consisting of five Class-A buildings on 12.65 acres near I-75. 83% NNN leased. Reduced from $10.2M to $7.8M for quick sale. 8% cap.  
7. Shopping Center in Lewisville, TX: 29,079 SF shopping center built in 2005 at high traffic corner location in fast growing & high income (AHI $92K/yr in 1 mile) Dallas suburbs. Shadow-anchored by Wal-Mart Neighborhood Market. 92% NNN leased. NOI $370K/yr. $4.5M. 8.23% cap.  

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