01-05: Walgreens/Dollar Tree, O'Reilly Auto Parts, Apartments, Retail Centers

Welcome new investors.  Transmercial is the only company in the US 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. Retail Center in Oak Park, MI: 29,772 SF consisting of two well maintained retail buildings completed in 2000 at a hard corner location in Detroit suburbs. Near Province Hospital and Northland Center Mall. 100% NNN leased to two recession-insensitive credit tenants: Walgreens and Dollar Tree. NOI $694K/yr. $8.682M. 8% cap.
2. Retail Building in Woodland, CA: 16,036 SF well maintained retail center on 1.86 ac lot in a growing town Northwest of Sacramento. 62% absolute NNN leased to Bank of America. Seller will provide 2 yrs lease guaranty for the remaining space.  Actual NOI $149K/yr. $2.368M. 6.31% actual cap.
3. Office Building in Las Vegas, NV: 24,040 SF Class-A multitenant office building renovated in 2013 on 2 ac lot  in growing and affluent neighborhood with an AHI of $111K/yr in  mile. Close to Summerlin Hospital Medical Center. 100% leased. NOI $385K/yr. $5.5M. 7% cap.
4. Retail Buildings in Charlotte, NC: 7838 SF retail building and 3280 SF KFC/Long John Silver’s completed in 2004 on 2.60 ac lot in growing & upper middle class area. 100% NNN leased. NOI $198K/yr. $2.75M. 7.23% cap.
5. Office Building in Portland, OR: 22,889 SF Class-A office  building constructed in 2008 on 1 ac lot with easy access to I-205. 100% NNN leased to multiple tenants. NOI $300K/yr. $4.1M. 7.34% cap.
6. Professional Building in Phoenix, AZ: 31,600 SF Class-B professional building on 2.49 ac lot along busy corridor and close to I-17. 78% leased by 15 medical & professional tenants. NOI $387K/yr. $5.16M. 7.50% cap.
7. O’Reilly Auto Parts in Sacramento, CA: 5400 SF well maintained O’Reilly Auto Parts at a major artery. Adjacent to 99 Cents Store & DD Discount Center. 100% NNN lease with 4-yrs left. NOI $104K/yr. $1.895M. 5.50% cap.
8. Retail Center in Orlando, FL: 10,095 SF retail center built in 2007 on over 1 ac outparcel to Sam’s Club. All units face main thoroughfare. 100% leased. NOI $198K/yr. $2.5M. 7.95% cap.
9. Apartments in Fresno, CA: 16-units 2BR/1BA multifamily apartment complex adjacent to California State University, Fresno with over 23,000 students. 100% occupied. NOI $59K/yr. $796K/yr. 7.50% cap.
10. Retail Center in Frisco, TX: 17,105 SF retail center built in 2004 on 1.98 ac lot in upper middle class Dallas metro with an AHI of $97K/yr in 1 mile.  100% NNN leased. NOI $317K/yr. $3.6M. 8.83% cap.

            (c) Transmercial 2014