05-20: EZPawn, Strip center, Apartments, Condos, Office Building

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. EZPawn in Chicago, IL: 5600 SF new EZ Pawn shop on .42 AC lot in densely populated area.  Across the Street from Save-A-Lot Grocery & Adjacent to Advance Auto.  New 10 yrs NNN corp lease to a tenant with 471 locations in the 19 states & Mexico.  NOI $140K/yr. $1.931M. 7.25% cap.
2. Strip Center in Fairbanks, AK : 5627 SF strip center built in 2011 on .91 ac outparcel to Sportsman’s Warehouse, Old Navy and Petco. Adjacent to Lowe’s, Walmart, Home Depot and Bentley Mall. 100% NN leased to AT&T, College Town Creamery and Great Alaska Pizza Co. NOI $184K/yr. $2.1M. 8.76% cap. 
3. Apartments in Sacramento, CA: 88-ubit apartments on 2.89 ac lot consisting of 76 1BR-1BA units.  amenities include swimming pool, ac, high-speed Internet, balconies.  Proforma NOI $382K/yr. $4.65M. 7.42% cap.
4. Shopping Center in Omaha, NE: 20,504 SF retail center built in 1994 and re modeled in 2004 at the intersection of 2 major arteries in affluent area with AHI of $128K/yr. 94% NNN leased.  NOI $318K/yr. $3.975M. 8% cap.
5. Office Building in Sacramento, CA: 30,000 SF office building on 2.41 ac lot built in 1994 for AT&T with 180 foot telecommunication tower.  Tenant has been here for 20 yrs and has just renewed 5 yrs lease.  NOI $432K/yr. with 2% annual rent bumps.  $6.5M.  6.65% cap.
6. Towncenter in Louisville, KY: beautiful 89,714 SF 2-story brick retail/office towncenter on 4.76 ac corner lot in wealthy & fast growth town (AHI 28K/yr).  Offered at 8% cap.
7. Multifamily in Hampton, VA: 21 well-kept condominiums multifamily complex with easy access to I-64.  93% occupied.  NOI $89K/yr. $1M. 8.93% cap.

            (c) Transmercial 2014