07-02: Ross Dress for Less, Dollar Tree, Advance Auto Parts, Jiffy Lube, Apartments, 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. Strip Center in Texas City, TX: 8382 SF strip center built in 2006 on .49 ac lot in a coastal city SE of Houston. Across from Kroger center and near Hwy-1764. 100% leased to 4 good tenants: Bayview Dental, Methodist Sports Medicine, Edward Jones, and Coastal Dermatology. NOI $112K/yr. $1.4M. 8% cap..
2. Ross Dress for Less & Dollar Tree in North Richland Hills, TX: 64,842 SF well maintained retail building on nearly 6 ac lot in fast growing (163% pop growth) and affluent Fort Worth suburbs with an AHI of $152K/yr in 1 mile.  Near Walmart and Target. Across from 123,000 SF under construction center with Kroger Grocery. 77% NNN leased to national tenants. Actual NOI $271K/yr. $4.522M. 6% actual cap. Upside potential.
3. Advance Auto Parts in Dearborn, MI: 7000 SF auto parts retail building on .63 ac corner lot in Detroit suburbs. 100% NNN corp lease with 8 yrs left. NOI $169K/yr with a 10% rent bump in 2014. $2.335M. 7.25% cap.
4. Shopping Center in Cypress, TX: 20,340 SF attractive shopping center built in 2004 on 2.71 ac cornet lot. Great demographics: growing and affluent Houston suburbs with an AHI of $143K/yr in 1 mile. 88% NNN leased. NOI $292K/yr. $3.653M. 8% cap.
5. Apartments in Sacramento, CA: 64-unit recently renovated apartment complex. Close to schools, parks, shopping center and I-80. 90% occupied. NOI $225K/yr. $3.075M. 7.32% cap.
6. Jiffy Lube in Coachella, CA: 2000 SF Jiffy Lube on .53 ac lot at a main retail corridor in growing Riverside County. New 10-yrs NNN lease. NOI $81K/yr with 2% annual rent increases. $1.247M. 6.50% cap.
7. Office Building in Flower Mound, TX: 29,918 SF two-story multi-tenant office building completed in 2007 at a signalized intersection in high income (AHI $106K/yr in 3 miles) Fort Worth/Dallas MSA. 100% leased. NOI $475K/yr. $5.8M. 8.19% cap.  

            (c) Transmercial 2014