04-12: Shopping Center, Krystal Burger, MOBs

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.  Shopping Center in Stockbridge, GA: 15,729 SF10-unit  shopping center built in 2007 on 1.85 ac lot across from Walmart Supercenter and next to I-75 in high income Atlanta metro. 91% leased with 1 pending lease.  Pro forma NOI $295K/yr. $3.6M. 8.21% cap. 
2. Retail Center in Lexington, KY: 47,818 SF 37-unit shopping center on 2.91 ac lot in high income area.  Excellent visibility with multiple ingress egress on front and back streets.  89% leased.  Pro forma NOI $454K/yr.  $6.065M. 7.5% cap. 
3. Krystal Burger in Trussville, AL: 1915 SF fast food restaurant on 1.3 ac lot next to I-59 on/off ramp in affluent Birmingham suburbs (AHI $107K/yr).  New 15 yrs absolute NNN lease to  a  franchisee of Crystal Burger, regional tenant with 360 locations.  NOI $120K/yr with 10% rent bumps every 10 yrs. $1.5M. 8% cap. 
4. MOB in Florence, KY: 18,283 SF 6-yrs old multi-tenant medical office building on 1.71 ac corner lot in Cincinnati metro.  Renovated in 2007.  Anchored by 12,323 SF Fresenius Dialysis.  100% leased to 3 medical/dental tenants.  NOI $290K/yr. $3.4M. 8.65% cap. 
5. Mixed Use Center in Temecula, CA: 29,502 SF 3-story retail office complex building 2009 in high income area with easy access to I-15.  98% leased.  NOI $612K/yr.  $8.4M. 7.21% cap. 
6. MOB in Fort Meyers, FL: 15,488 SF single-tenant class-A medical office building on 1.43 ac lot in fast growing area.  New 7 yrs absolute NNN lease to 21^st Century Oncology, a Multi-billion dollar provider of cancer care services with 300 locations in 7 countries.  NOI $345K/yr with 2.5% annual rent bumps. $4.065M. 8.5% cap.

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