10-11: Dollar Tree, MOB, Carl's Jr., Retail 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. For a full marketing brochure, please reply and specify the property number. 

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. Dollar Tree in West Milwaukee, WI: 9000 SF brand new retail building on .81 ac outparcel on Target center and crossways from Walmart. New 10 yrs NNN- corp lease. NOI $117K/yr. $1.56M. 7.50% cap.
2. MOB in Yuba City, CA: 3575 SF attractive medical office building on .37 ac lot close to Fremont-Rideout Health.100% NNN leased to a dental practice. NOI $68K/yr. $750K. 9.12% cap.
3. Retail Center in Schaumburg, IL: 7000 SF retail center on .86 ac outparcel to Kohl’s, Home Depot and Target in high income (AHI $85K/yr) Chicago metro. 100% NNN leased to Starbucks, Sprint and Sexson Orthodontic.  NOI $158K/yr. $1.825M. 8.71% cap.
4. Shopping Center in Houston, TX: 48,306 SF established shopping center remodeled in 2008 on 4½ acres of land.  Anchored by Kroger grocery. Next to I-45 and 1,500,000 SF Greenspoint Mall anchored by Dillard’s and Macy’s. 100% NNN leased to 10 tenants. NOI $324K/yr. $3.6M. 9% cap.
5. Strip Center in Grapevine, TX: 18,694 SF 2 building retail center built in 2005 on a corner lot across from 1,600,000 SF 200-retailers Grapevine Mills Mall in high income Dallas metro.  100% NNN leased to 5 tenants.  NOI $402K/yr. $4.47M. 9% cap.
6. Retail Center in Los Angeles, CA: 22,554 SF well maintained retail center on 1+ ac lot at a hard corner location in densely populated area and close to Hwy-4. 63% NNN leased. Proforma NOI $303K/yr. $2.95M. 10.30% proforma cap.
7. Retail Center in Torrance, CA: 18,640 SF retail center on over 1 ac lot in high income city (AHI $94K/yr in 1 mile) in Los Angeles (500K people within 5 miles).  NOI $359K/yr. $5.99M. 7% cap.
8. Strip Center in Marysville, WA: 17,152 SF strip center built in 2004 on 1.87 ac lot in a growing Seattle suburb. Close to Seattle Premium Outlets, Tulalip Casino and I-5. 83% leased with only two small vacant units. NOI $237K/yr. $2.93M. 8.12% cap.
9. Carl’s Jr. in Surprise, AZ: 3,000 SF brand new fast food restaurant on .64 ac outpacel to Lowe’s at a major retail corridor in Phoenix suburbs. New 20 yrs NNN lease to a strong franchisee with 144 units. NOI $159K/yr. $2.285M. 7% cap.
10. MOB in Chicago, IL: 16,228 SF Class B medical office building 1.49 ac lot near Metro Station and I-57 in high income area. 100% NNN leased to 7 medical tenants. NOI $229K/yr.  $2.4M. 9.58% cap.