10-17: Arbys, Walgreens, Midas, Burger King, 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. 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.   Shopping center in Greenwood, CO: 12,482 SF well-kept shopping center built in 1984 on 1 ac lot in affluent Denver suburbs.  Shadow anchored by Target.  90% NNN leased to 4 tenants with 1 vacant space.  Current NOI $248K/yr.  $3.425M. 7.25% cap.  
2. Shopping Center in  Orlando, FL: 25,106 SF 5-yrs old multi-tenant shopping center on 2.5 ac corner lot. 92% leased to 7 tenants with 1 avail unit.  NOI $359K/yr.  $4.5M. 8% cap.  
3. Arbys in Peoria, AZ: 3100 SF restaurant built in 2001 on .72 ac outparcel to a shopping center anchored by Home Depot, K-mart, Staples, and Petsmart.  20 yrs absolute NNN corp lease till 2021. NOI $135K/yr with 1% annual rent bumps.  $1.544M. 8.75% cap.  
4. Walgreens in Acworth, GA: 15,120 SF Walgreens built in 2002 on 2.34 ac corner lot in affluent (AHI $138K/yr in 1 mile) Atlanta suburbs.  100% NNN corp leased till 2022.  NOI $379K/yr. $5.422M. 7% cap.  
5. Walgreens in Queens, NY: 13,900 SF Walgreens on 1 ac lot in high income NY suburbs with over 1M residents within 5 miles. 20 yrs NNN- till 2020.  NOI $428K/yr. $6.25M. 6.84% cap.  
6. Strip Mall in Melbourne, FL: 9000 SF strip center built in 2006 on .91 ac lot with easy access to I-95.  Shadow anchored by BJ Wholesale Club.  100% NNN leased to 3 national/regional tenants.  NOI $147K/yr.  $1.64M. 8.5% cap.
7.  Midas in Danbury, CT: 8790 SF auto service center on .35 ac lot.  100% NNN- corp lease with over 5 yrs left.  NOI $83K/yr. $1M. 8.3% cap. 
8. Cancer Center in Riverside, CA: 11,763 SF single-tenant medical office building on 2.35 ac lot.  10yrs NNN leased till 2014 to Vantage Oncology with 46 radiation oncology treatment centers in 12 states.  NOI $301K/yr. $2.995M.  10.07% cap.  This is a court-ordered sale and it’s not known if tenant will renew the lease. 
9. Walgreens in Mesa, AZ: 15,120 SF drug store built in 1999 on 1.61 ac.  100% NNN- leased till 2019.  NOI $267K/yr. $3.561M. 7.5% cap. 
10. Burger King in Norfolk, VA: 2279 SF restaurant rebuilt in 2008 on ½ ac lot.  20 yrs absolute NNN corp lease with 8 yrs left.  NOI $71K/yr. $1.02M. 7% cap.

© Transmercial 2012