01-23: Short-sale Office Building, Carl's Jr. DaVita, Taco Bell, Rally's Drive In

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 $55+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. Neighborhood Center in Riverside, CA: 62,834 SF well maintained shopping center on 4.79 ac lot. Anchored by a 27,000 SF Michael’s at major artery in Southern California. Across from 1.2M SF Galleria at Tyler Mall and near Fwy-91. 97% NNN leased to 12 tenants. NOI $1.292M/yr. $16.15M. 8% cap.
2. Retail Center in Milpitas, CA: 3,710 SF retail center built in 1995 on 1+ ac lot at highly visible location on/off ramp I-880. Excellent demographics with AHI $104K/yr in 1 mile radius in high tech San Jose suburbs.100% NNN leased to Starbucks and Red Dog Shred. NOI $117K/yr. $2.135M. 5.50% cap.
3. Short-sale Office Building in Covina, CA: 5,418 SF completely remodeled Class B office building on .28 ac lot in affluent (AHI $118K/yr) and densely populated city in Los Angeles. Close to I-10. 100% leased to multiple tenants. NOI $49K/yr. $700K. 7% cap.
4. Carl’s Jr. in Richardson, TX: 2909 SF drive-thru fast food restaurant built in 2011 on .46 ac lot at main retail artery in growing and affluent (AHI $122K/yr in 1 mile radius) Dallas suburbs. Close to 209-bed Methodist Richardson Medical Center and Hwy-75. 20-yrs absolute NNN ground lease (land is for sale) to strong operator with 22 units with 18+ yrs left. NOI $102K/yr with 2% annual rent increases. $1.7M. 6% cap.
5. DaVita Dialysis Center in Los Banos, CA: 10,154 SF newly constructed Class B medical office condo near Memorial Hospital Los Banos. 100% NNN lease with 9 yrs left. NOI $59K/yr. $895K. 6.67% cap.
6. Taco Bell in Macomb, MI: 2257 SF well maintained Taco Bell on 1.47 ac lot in growing and high income Detroit suburbs. Adjacent to Walmart Supercenter and near I-94. 100% absolute NNN lease to strong franchisee with 6 yrs left. NOI $106K/yr with 2% rent bumps every 3 yrs. $1.285M. 8.25% cap.
7. Retail Center in Columbus, GA: 13,350 SF retail center built in 2004 on 2+ ac lot in high income area with an AHI of $81K/yr in 1 mile. 100% NN leased to Chicos, Talbots & The bead Cage. NOI $210K/yr. $2.95M. 7% cap.
8. Shopping Center in Gastonia, NC: 70,250 SF well maintained shopping center on 10 acres of land at main corridor anchored by 22,275 SF YMCA in Charlotte suburbs. Excellent demographics: AHI $116K/yr in 1 mile. 100% NNN leased. NOI $441K/yr. $5.2M. 8.50% cap.
9. Rally’s Drive In Restaurant in Clovis, CA: 969 SF drive in restaurant built in 1994 outparcel to Costco and WinCo Foods. 100% NNN lease to experienced franchisee. NOI $70K/yr with 2% annual rent increases. $1.008M. 7% cap.

© Transmercial 2013