05-01: 7 Eleven, Apartments, MOB, 24 Hour Fitness, Lucky, Walgreen's

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. 7 Eleven in Ypsilanti, MI: 2988 SF 7 Eleven store on ½ ac lot at an intersection of 2 major roads.  Tenant has been here since 1997 and has just renewed 10 yrs NNN corp lease.  NOI $60K/yr with 10% rent bump every 5 yrs.  $1.09M.  5.5% cap.
2. Apartments in Lancaster, CA: 60-unit 2-story apartments built in 1983 on 2.2 ac lot with swimming pool, spa and gated parking. Gross income of $523K/yr.  NOI $269K/yr. $3.8M. 7.1% cap.
3. MOB in Morrow, GA: 38,000 SF 2-story Class-A medical office building developed in 1991 on 3 ac lot in fast growing Atlanta suburbs. Next to Costco, near Southlake Mall and I-75. 100% leased. NOI $528K/yr. $6.6M. 8% cap.
4. MOB in Reno, NV: 7985 SF Class-B medical office building on .80 ac lot with easy access to I-580. Tenant has been at this location for 15 yrs. 100% NNN leased. This is a sale & leaseback investment, so lease terms are negotiable. NOI $112K/yr. $1.4M. 8% cap.
5. 24 Hour Fitness in Houston, TX 45,000 SF 24 Hour Fitness center on 4+ ac lot along Hwy-249. Next to Home Depot and across from Target. High growth & high income area (AHI $108K/yr in 3 miles). Fully renovated in 2000 and with major recent improvements in 2013. 100% NNN corp lease with 14+ yrs left. NOI $733K/yr. $8.895M. 8.25% cap.
6. Walgreen’s in Houston, TX: 15,020 SF Walgreen’s built in 2001 on 1.92 ac lot at a signalized corner location and in high income area. Across from Kroger grocery center. Proven location for Walgreens as evidenced by recent lease extension with 18 years left. 100% NNN leased. NOI $316K/yr. $5.28M. 6% cap.
7. Shopping Center in Grand Prairie, TX: 26,140 SF well maintained shopping center on 2.74 ac corner lot in fast growing and high income Fort Worth/Dallas suburbs. 68% leased to ten tenants. Proforma NOI $205K/yr. $2.275M. 9.01% proforma cap.
8. Lucky Supermarket in Hercules, CA: 60,800 SF Lucky grocery store on 6 acres lot in growing and affluent (AHI $107K/yr in 1 mile) San Francisco suburbs. 100% NNN lease with 4 yrs left. NOI $700K/yr. $10.5M. 6.67% cap.
9. Retail Center in Lynnwood, WA: 16,600 SF well maintained retail center on 1.70 ac lot in fast growing city just North of Seattle. Excellent visibility from Hwy-524. 100% leased. NOI $213K/yr. $2.3M. 9.30% cap.

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