12-28: Tuffy Tire & Auto Service, Office Buildings, Retail Center

• 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.  Tuffy in Orlando, FL: 9020 SF auto repair and service center along busy corridor and near Hwy-417. Long NNN lease to credit tenants. NOI $140K/yr. $2M. 7% cap. 
2. Office Building in Mooresville, NC: 7318 SF beautiful office buildings on .96 ac lot near Lake Norman Regional Medical Ctr in wealthy city (AHI $135K/yr) 30-min North of Charlotte and just off I-77. 100% leased with 4-tenants. $897K. NOI/Cap not avail. 
3. Retail Center in Duncanville, TX: 12,300 SF retail center on .81 ac lot along Hwy-67 in Dallas metro. 94% leased. NOI $76K/yr. $850K. 9% cap.  
4. Retail Building in Spokane, WA: 38,016 SF retail building constructed in 1999 anchored by Dollar Tree located between two retail giants (Costco & Home Depot) near I-90. Long NNN leases. NOI $527K/yr. $7.271M. 7.25% cap.

© Transmercial 2011.  All rights reserved.