04-07: KinderCare, Auto Repair, Professional Center, Office Buildings

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on CBRE, M&M, SVN, and various other sources.   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 for selection criteria.  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. Strip Center in Tyler, TX: 8907 SF attractive strip center on 1.28 ac lot at a major retail corridor in growing middle-class area. Adjacent to Hobby Lobby. 88% leased to AT&T, Farmers Insurance, East Texas Title & Loan, $1 Jewelry Galore and 323 Smoke Shop. Actual NOI $144K/yr. $1.992M. 7.25% actual cap. Upside potential.
2. Shopping Center in Colorado Springs, CO: 20,370 SF well kept shopping center on 2 ac corner lot close to The Citadel Mall. 68% leased by eight tenants. NOI $107K/yr. $1.25M. 8.60% cap. Upside potential when fully leased.
3. Retail Center in Colorado Springs, CO: 21,712 SF well maintained retail center on over 1 ac lot. Across from 208,133 SF Power Center with Food King Soopers, Ace Hardware and Big 5 Sporting Goods. Close to I-25. 71% leased by nine tenants. Actual NOI $120K/yr. $1.075M. 5.80% actual cap. Upside potential when fully leased.
4. KinderCare in San Dimas, CA: 6206 SF day care facility on .78 ac lot in high income Los Angeles County with an AHI of $131K/yr in 1 mile. Easy access to I-10 and Hwy-57. 100% NNN lease with 3-yrs left. NOI $135K/yr. $1.742M. 7.75% cap.
5. Strip Center in Salt Lake City, UT: 8089 SF eye-catching strip center constructed in 2009 on .76 ac lot at a hard corner location. Across from Century 16 Cinemark Theater. 89% NNN leased to T-Mobile, Subway, City Brew (ground lease), Chek Line, Game Changerz, Seductive Nails, and Nitro Freeze. NOI $213K/yr. $3.03M. 7.06% cap.
6. Retail Center in Phoenix, AZ: 15,938 SF attractive retail center on 2.45 ac lot at a signalized corner location. Across from Walmart Supercenter. Tenants include: Title Max, Little Caesars, Sprint, Checkmate and Tuscano Family and Cosmetic Dentistry. 68% leased. NOI $213K/yr. $3M. 7.10% cap.
7. Auto Repair in Katy, TX: 5252 SF attractive auto repair center constructed in 2001 in affluent Houston suburbs with an AHI of $145K/yr in 1 mile radius. 5-yrs absolute NNN lease with 3-yrs left. NOI $83K/yr with CPI rent increases. $1.05M. 8% cap.
8. Professional Center in Spokane, WA: 15,300 SF Class-B office building on .87 ac lot in growing middle-class area. Close to Power Center with T.J. Maxx, Target, Best Buy and Shopko. 100% leased to multiple tenants. Pro forma NOI $156K/yr. $1.95M. 8.02% pro forma cap.
9. Office Building in Spokane, WA: 11,964 SF Class-B office building on nearly 1 ac lot in growing middle-class area. Close to Power Center with T.J. Maxx, Target, Best Buy and Shopko. 100% leased. Pro forma NOI $154K/yr. $1.85M. 8.34% pro forma cap.
10. Office Building in Puyallup, WA: 10,000 SF Class-B office building completed in 2001 on 1+ ac lot in growing Tacoma suburbs. Close to South Hill Mall and Hwy-512. 100% NNN leased to Social Security Administration and Puget. NOI $233K/yr. $3.21M. 7.26% cap.

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