05-22: Benson Tire & Auto Service, TitleMax, DaVita Dialysis, Retail Centers

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. Benson Tire & Auto Service in Oakland, CA: 5000 SF well maintained  franchised auto center at a corner location East of San Francisco. 100% NNN lease with 4+ yrs left. NOI $77K/yr. $1.235M. 6.25% cap.
2. Shopping Center in Arlington, TX: 76,984 SF attractive shopping center on 5.84 ac lot anchored by dd’s Discounts at a major artery. Near Cowboys Stadium, Six Flags Hurricane, Hospital and I-30. 98% leased. NOI $787K/yr. $10.5M. 7.50% cap.
3. Retail Center in Houston, TX: 25,216 SF fourteen units retail center on 1.41 ac lot in growing an upper middle-class area. 94% leased with only 1 vacant unit. NOI $191K/yr. $2.39M. 8% cap.
4. Retail Center in Dinuba, CA: 10,781 SF retail center built in 2008 on 1.27 ac pad site at the entrance to a Walmart Supercenter in San Joaquin Valley. 100% NNN leased to national tenants. NOI $303K/yr. $4.75M. 6.40% cap.
5. TitleMax in San Angelo, TX: 4940 SF single-tenant retail building at a main thoroughfare. 100% NNN corp lease with 5 yrs left to TitleMax, a national title loan company with 1000+ locations. NOI $61K/yr. $762K. 8.10% cap.
6. Neighborhood Center in Salt Lake City, UT: 129,542 SF neighborhood center built in 2009 on 10 ac lot. Between Costco and Home Depot. All units face I-80/15. NOI $822K/yr. $9.143M. 9% cap.
7. DaVita in Oregon, OH: 8400 SF dialysis center on 2.31 ac lot in Toledo suburbs. Close to Mercy St. Charles Hospital and I-280. 10-yrs NNN lease with 9-yrs left. NOI $145K/yr with 2% annual rent increases. $1.998K. 7.26% cap.

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