04-20: Captain D's, Burger King, Walgreens, Radio Shack, Jack in the Box, Shopping Centers

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  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 on the market).  Underlined names, if any, indicate safe hyperlinks that you can click for more info.

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Below are the most commonly used acronyms:

·         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.   Captain D’s Seafood Kitchen in Fairview Heights, IL: 2574 SF franchised seafood restaurant(with 600 locations in 23 states) built in 2002 on .9 ac lot in high-income Saint Louis suburbs.  20 yrs NNN corp lease with 10 yrs left.  NOI $77K/yr with 10% rent bumps every 5 yrs with next bump in 11/2012.  $826K.  8.5% cap.  (9.36% in Nov 12). 
2. Burger King in Lantana, FL: 3586 SF restaurant .86 ac lot in West Palm Beach metro with easy access to I-95.  20 yrs absolute NNN corp lease with 15 yrs left.  Tenant has been here since 1988.  NOI $85K/yr. $1.275M. 6.67% cap. 
3. Walgreens in Brownsburg, IN: 13,800 SF drugstore on a corner lot in middle class Indianapolis suburbs.  100% NNN lease with 9 yrs left.  NOI $350K/yr. $4.488M. 7.8% cap. 
4. Bank owned Office Buildings in Las Vegas, NV: two 5277 SF 5-yrs old office buildings on 1.11 ac lot in high income area with AHI of $83K/yr in 1 mile.  100% leased to 2 tenants.  NOI $111K/yr. $1.27M. 8.8% cap. 
5. Radio Shack in San Francisco, CA: 2142 SF rare Radio Shack in affluent Marina district (AHI $148K/yr in 1 mile).  100% NNN- corp lease till 2017.  NOI $57K/yr. $960K. 6% cap. 
6. Retail Center in Dallas, TX: 52,688 SF retail center on 4.9 ac lot near I-30.  Renovated in 2008-2011.  100% NNN leased to 3 national tenants: dd’s Discount (owned by Ross For Less), Sav-A-Lot, and Citi Trend.  NOI $312K/yr. $3.91M. 8% cap. 
7. Jack In The Box in San Antonio, TX; 2730 SF restaurant built in 2001 on 1.12 ac lot with frontage on Loop 410 & near Ingram Park Mall.  100% NNN corp lease.  NOI $145K/yr with next rent bump in 2016.$2.275M. 6.4% cap. 
8. Shopping Center in Coral Springs, FL: 26,243 SF shopping center built in 1993 on 1.3 ac lot on a major artery in Fort Lauderdale metro. 96% NNN leased.  NOI $263K/yr. $3.176M. 8.52% cap. 
9. Strip Mall in Rio Rancho, NM: 10,800 SF new strip center on a corner lot in high income (AHI $79K/yr) Albuquerque metro.  100% NNN leased to 4 tenants.  NOI $211K/yr. $2.485M. 8.5% cap.

© Transmercial 2012