01-28: Applebee's, Jack in the Box, Sonic Drive-In, MOB, Rite Aid, Retail Buildings

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. Applebee’s in Lufkin, TX: 5199 SF casual dining restaurant built in 1998 on 1+ ac lot outparcel to 125,000 SF Power Center. Anchored by Ross, Best Buy, Old Navy and Bed, Bath and Beyond. Across from Lufkin Mall, a 365,000 SF Regional Mall. 18 yrs NNN lease with 15 yrs left. NOI $204K/yr with 2% rent increase in 6/2013 and 10% rent bumps every 5 yrs thereafter. $2.584M. 7.90% cap.
2. Office Building in Broomfield, CO: 40,723 SF Class-B two-story office building in fast growing and high income Denver suburbs. 93% leased. NOI $425K/yr. $5.5M. 7.74% cap.
3. Jack in the Box in San Antonio, TX: 3564 SF drive-thru fast food restaurant built in 1999 on 1.38 ac lot. Close to Methodist Hospital and I-10. 20 yrs absolute NNN lease with 15 yrs left. NOI $153K/yr with CPI rent increases every 5 yrs. $2.66M.5.75% cap.
4. Sonic in Wake Forest, NC: 1718 SF drive-in restaurant on .91 ac lot in fast growing Raleigh suburbs. Across from Walmart Supercenter and near Hwy-1. 100%NNN lease with 9 yrs left. NOI $98K/yr. $1.264M. 7.75% cap.
5. MOB in Bentonville, AR: 15,189 SF Class-A medical office building across from 99-bed Northwest Medical Center Bentonville and near I-540. NOI $168K/yr. $2.1M. 8% cap.
6. Retail Building in Austin, TX: 4800 SF retail building constructed in 2012 on .89 ac lot in fast growing (183.33% pop growth since 2000) and affluent area with an AHI of $127K/yr in 3 mile. Adjacent to Target and HEB grocery. 100% NNN leased to Castle Dental and Papa Murphy’s Pizza. NOI $148K/yr. $2.07M. 7.15% cap.
7. Office Building in Littleton, CO: 13,394 SF Class-A two-story office building constructed in 2002 on .87 ac lot in growing and high income (AHI $107K/yr) Denver metro. 100% NNN leased. NOI $168K/yr. $1.95M. 8.67% cap.
8. Shopping Center in Valencia, CA: 28,273 SF well kept shopping center on 3.49 ac lot in a high income city in Southern California. Near Westfield Valencia Town Center and I-5. 92% leased. NOI $817K/yr. $11.685M. 7% cap.
9. Rite Aid in Berkley, MI: 12,709 SF Rite Aid pharmacy on .90 ac lot at a signalized corner location. Close to Beaumont Hospital and Hwy-1.  20 yrs absolute NNN lease with 11 yrs left. NOI $171K/yr. Store reports strong sales. $2.08M. 8.25% cap.

© Transmercial 2013