12-30: Fresemius Dialis Center, Office Building, Shopping 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. Shopping Center in Houston, TX: 12,546 SF retail center built in 2003/2004 on Hwy-6. 80% leased with local tenants. NOI $152K/yr. $1.495M. 10.20% cap.
2. Fresenius in Birmingham, AL: 9847 SF recently renovated dialysis center at a signalized intersection along Hwy-78. 100% NNN corp lease till 2026 to Fresenius Medical Care Holdings, Inc. (“FMCH”), the largest provider of dialysis treatments in the US. NOI $132K/yr. $1.651M. 8% cap.
3. Office Building in West Hempstead, NY: 33,000 SF well-maintained office building close to Long Island Railroad and courts. In a high income (AHI $145K/yr) neighborhood in New York metro. NOI $265K/yr. $2.95M. 9% cap.

© Transmercial 2011.