Go to Top

09-03: MOB, Golden Corral, FedEx Office, Storming Crab, Retail Centers, Shopping Centers

 

1.   Shopping Center in Redwood City, CA: 37,399 SF well kept retail center on 2.28 ac lot in high income Silicon Valley with an AHI of $148K/yr in a 3 mile ring. Along busy El Camino Real, a major thoroughfare. Adjacent to Hwy-84. 100% NNN leased to Bed, Bath and Beyond, Starbucks, Subway, Wingstop, Floating Spa and Family Wash. NOI $1.013M/yr.

2.   Strip Center in Mary Esther, FL: 5,020 SF three tenant strip center renovated in 2011 on .69 ac outparcel to Santa Rosa Mall. 100% leased to Sprint, 850 Craft Reserve, Smoothie King and Wells Fargo ATM. NOI $126K/yr. $1.8M. 7% cap.

3.   Retail Plaza in Matteson, IL: 60,328 SF well maintained shopping center on over 6 ac lot at a signalized corner location in high income Chicago MSA with an AHI of $83K/yr. Major tenants include DaVita, Dairy Queen, Jimmy John’s, ATI Physical Therapy and Hanger Clinic. 89% leased to retail and medical tenants. NOI $703K/yr. $7.712M. 9.12% actual cap. Upside potential when fully leased.

4.   Neighborhood Center in Boise, ID: 113,576 SF attractive completely remodeled shopping center along busy retail artery with over 33,000 VPD. New monument sign. 100% leased to eight tenants including ACE Hardware and Savers. NOI $889K/yr. $12.7M. 7% cap.

5.   MOB in Chaska, MN: 13,838 SF well maintained medical office building constructed in 1990 on 2.49 ac lot in Minneapolis MSA. 82% leased to multiple tenants including Concentra. Actual NOI $129K/yr. $1.8M. 7.22% actual cap. Upside potential.

6.   Strip Center in Indianapolis, IN: 14,400 SF attractive strip center completed in 2006. All units face major retail corridor with over 33,000 APD. Next to IU Health Methodist Medical Plaza. Near Washington Square Mall. 100% NNN leased to Qdoba Mexican Grill, Mortenson Dental Partners, UPS Store, T-Mobile and McAllister’s Deli. NOI $359K/yr. $4.956M. 7.25% cap.

7.   Golden Corral in Raymore, MO: 12,000 SF all-you-can-eat buffet built in 2014 in growing Kansas City metro. Adjacent to Lowe’s, Sam’s Club and Walmart. Along Hwy-58. Close to I-49. 100% leased. $2.5M. NOI/Cap N/A.

8.   FedEx Office in Bakersfield, CA: 9697 SF single tenant retail building constructed in 1993 on .73 ac corner lot. At a signalized intersection. Tenant has been at this location since 1992. Recently extended NNN- lease till 2028 to FedEx Office. NOI $123K/yr with 5% rent increases every 5 years. $2.06M. 6% cap.

9.   Storming Crab in Kirkwood, MO: 6,852 SF recently renovated restaurant on 1.37 ac outparcel to Walmart Supercenter in growing and high income St. Louis suburbs. Other adjacent major tenants include: GomeGoods, Target, TJ Maxx, Hobby Lobby, Burlington and Lowes. On an off/on ramp of I-44 with over 104,000 VPD. Brand new 15 year absolute NNN lease to a strong operator with 7 locations. NOI $180K/yr with 10% rent increases every 5 years. $2.518M. 7.15% cap. Note: flyer not included, full brochure upon request.

10.Retail Pad in Lake Elsinore, CA: 7203 SF retail building completed in 2006 on .77 ac lot in densely populated Los Angeles suburbs. Part of Lake Elsinore Marketplace with Costco and Lowe’s. Close to I-15.  100% NNN leased to Submarina, IBrows, Nevy Federal Credit Union and Juice It Up. NOI $241K/yr. $4.03M. 6% cap. Note: flyer not avail, full OM 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/MHI: Avg./Median 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.