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07-31: McAlister’s Deli, Dollar General, MOB, Office Building, Family Dollar, Taco Bell, Shopping Centers

1.   Shopping Center in Mobile, AL: 37,341 SF attractive shopping center built in 2007 on 5.4 ac lot. Shadow anchored by Walmart Supercenter. Key tenants: Anytime Fitness, Cricket Wireless, Moe’s Original BBQ, Rent-A-Center and Hibbett Sports. 83% leased with excellent tenant mix. Actual NOI $355K/yr. $4.19M. 8.5% cap. Upside potential when fully leased.

2.   McAlister’s Deli in Amarillo, TX: 4148 SF freestanding franchised restaurant renovated in 2010 on nearly 1 ac lot in a high income area with an AHI of $93K/yr in 3 miles. 15 year absolute NNN lease till 2025. NOI $136K/yr with 10% rent bumps every 5 years. $1.953M. 7% cap.

3.   Taco Bell in Houston, TX: 2,201 SF well maintained single tenant fast food restaurant constructed in 1997 on .68 ac lot in fast growing middle-class area. 100% absolute NNN lease till 2024 to a strong franchisee with 73 units. NOI $65K/yr with 10% rent increases every 5 years. $870K. 7.50% cap.

4.   Retail Center in Colorado Springs, CO: 20,12 SF attractive retail center built in 2000 on 2.27 ac  corner lot along busy retail corridor with over 45,000 CPD. Close to Chapel Hills Mall. 100% NNN leased with good tenant mix. $5.9M. NOI/Cap N/A.

5.   Professional Building in Clearwater, FL: 24,636 SF well kept multitenant office building on 1.83 ac corner lot in Tampa suburbs. 100% leased. NOI $193K/yr. $2.275M. 8.50% cap.

6.   Dollar General in Jacksonville, FL: 9,100 SF single tenant retail building constructed in 2010 on 1.27 ac lot along busy road. 100% absolute NNN corp lease with over 6 years left. NOI $115K/yr. $1.595M. 7.25% cap.

7.   Family Dollar in Tucson, AZ: 9180 SF freestanding retail building completed in 1998 on .86 ac lot along main thoroughfare. 1000% NNN- corp lease till 2024 with minimal landlord responsibilities. NOI $97K/yr. $1.181M. 8.25% cap.

8.   MOB in Plainfield, IL: 7,807 SF medical office building on 3.59 ac lot in high income Chicago MSA with an AHI of $100K/yr in a 1 mile ring. 100% leased to Adventist Heath Partners, Suburban Foot & Ankle Associates and Corwin Medical. NOI $106/yr. $1.155M. 9.25% cap.

9.   Office Building in San Jose, CA: 4,900 SF five-unit office building on .56 ac lot. Adjacent to Regional Medical Center. With easy access to I-680 with over 200,000 CPD. 84% leased to US Government with various military recruiting offices including Army, Navy, Air Force and Marine Corps. Proforma NOI $151K/yr. $2.5M. 6% proforma cap.

10.Strip Center in Rancho Cordova, CA: 6,755 SF attractive retail center on .62 ac outparcel to 99 Cents Only Stores in fast growing Sacramento suburbs. At a major signalized corner location. Across from Walmart Supercenter. 100% NNN leased to Jersey Mike’s, Teriyaki Gill, Super Nails, CA Check Cash and Donut King. NOI $221K/yr. $3.685M. 6% cap. Note: flyer not avail, full marketing package upon request.                  

 

About The Properties

Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states. These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.  Each property has a brief description and a flyer. 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. Transmercial will guide you thru the whole acquisition process if needed. It will track all the issues via the “Due Diligence Summary” report until they are all resolved prior to closing.

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.