10-31: Jiffy Lube, Family Dollar, Rite Aid, Advance Auto Parts, Business Complex, Retail Plazas, Professional Buildings

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1.   Retail Center in Houston, TX: 11,981 SF beautiful retail center built in 2005 on over 1 ac lot. Anchored by LA Fitness. 100% NNN lease with excellent tenant mix. NOI $316K. $4.5M. 7.03% cap.

2.   Rite Aid in Elmira, NY: 11,348 SF well maintained Rite Aid pharmacy built in 1998 on over 1 ac lot at a signalized intersection. 100% NNN lease with over 9 years left. NOI $183K/yr. $2.4M. 7.63% cap.

3.   Professional Buildings in Phoenix, AZ: 134,713 SF consisting of three multitenant flex industrial & office buildings on over 10 acres of land in a growing and high income area. Next to I-10 with over 96,000 CPD. NOI $1.474M. $20.2M. 7.30% cap.

4.   Advance Auto Parts in Canal Winchester, OH: 6958 SF single tenant retail building constructed in 2003 on 1.84 ac corner lot in Columbus metro. 100% NNN- lease with minimal landlord responsibilities. NOI $98K/yr. $1.352M. 7.25% cap.

5.   Family Dollar in Maryville, TN: 8,000 SF retail building completed in 2012 on over 1 ac lot along busy road in Knoxville MSA. 100% NNN- lease till 2022. NOI $88K/yr. $1.25M. 7.08% cap.

6.   Business Complex in Riverside, CA: 128,912 SF consisting of four one-story well maintained professional buildings on 9.43 ac lot in densely populated Los Angeles suburbs. Close to I-215. 90% leased to 14 tenants. NOI $1.548M. $22M. 7.04% cap.

7.   Retail Center in Indio, CA: 15,120 SF well maintained retail center on 1.34 ac outparcel to Cardenas Market in fast growing Riverside County. Adjacent to Food 4 Less shopping center. 100% NNN leased to 8 tenants. NOI $207K/yr. $3.185M. 6.50% cap.

8.   Retail Center in Madison, WI: 20,266 SF attractive retail center on 1.59 ac lot in a high income area with an AHI of $110K/yr in a 3 mile ring. 100% NNN leased to Talbots, FedEx Office and Orangetheory Fitness. NOI $490K/yr. $6.46M. 7.60% cap.

9.   Jiffy Lube in Waukegan, IL: 1838 SF three-bay auto center built in 2005 on .50 ac lot at a hard corner location. 20 years absolute NNN lease with over 5 years left. NOI $132K/yr. $1.59M. 8.31% cap.

10.      Retail Plaza in Houston, TX: 23,217 SF consisting of two attractive retail center completed in 2012 on over 1 ac lot in a high income area with an AHI of $115K/yr in a 3 mile radius. 92% NNN lased to eight tenants. NOI $500K/yr. $7M. 7.16% cap. Upside potential when fully leased.

 

 

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.

 

10-16: Walgreens, MedCare Urgent Care, Arby’s, MOB, Hardee’s, Retail Plazas

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1.   Retail Center in Jeffersonville, IN: 19,500 SF well maintained retail center built in 2002 on 1.78 ac lot in Louisville suburbs. Adjacent to Meijer Supermarket. 100% NNN leased with excellent tenant mix including Subway, Domino’s Pizza, H&R Block and Great Clips. NOI $179K/yr. $2.3M. 7.80% cap.

2.   Retail Plaza in Spring, TX: 26,472 SF attractive retail center constructed in 2005 on 2.24 ac lot in high income Houston suburbs with an AHI of $109K/yr in a 1 mile ring. 92% NNN leased to fourteen tenants. Seller will master lease 2175 SF vacancy for 1 yr. Pro forma NOI $413K/yr. $5.5M. 7.52% proforma cap.

3.   Professional Buildings in Fort Worth, TX: 7166 SF consisting of two well maintained professional/medical office building completed in 2004 on .81 ac lot. Close to I-35W. 100% NNN leased to multiple tenants. NOI $128K/yr. $1.755M. 7.31% cap.

4.   MedCare in Spartanburg, SC: 7,000 SF drive-thru urgent care center built in 2015 on .86 ac corner lot in a fast growing area. Near Spartanburg Regional Heart Center. 15 year NNN- corp lease till 2030 to Urgent Care Group with 17 locations. NOI $228K/yr with rent increases every 5 years. $3.145M. 7.25% cap.

5.   Arby’s in Hobart, IN: 2440 SF well maintained drive-thru restaurant built in 1999 on 1.21 ac lot along busy artery. Close to I-65 with over 102,000 CPD. 20 year absolute NNN lease till 2024 to a strong operator with 28 units. NOI $133K/yr with 1% annual rent increases. $1.907M. 7% cap.

6.   Retail Plaza in Merced, CA: 68,207 SF shopping center built in 2007 anchored by 53,646 SF Rancho San Miguel Market with six locations. Shadow anchored by CVS Pharmacy. 100% NNN leased. NOI $964K/yr. $13.302M. 7.25% cap.

7.   Retail Center in Martinez, CA: 14,014 SF recently renovated retail center consisting of one multitenant center and one restaurant in growing San Francisco Bay Area. 100% NNN leased to Auto Zone, Family Dentistry, Nail Salon and Fresh Start Cafe. NOI $262K/yr. $5.251M. 5% cap.

8.   MOB in High Point, NC: 12,879 SF two-story single tenant attractive medical office building on nearly 1 ac lot. Adjacent to Wake Forest Baptist Health Center. 100% leased to Wake Forest Baptist Health till 2022. NOI $202K/yr with 2% annual rent increases. $2.4M. 8.5% cap.

9.   Hardee’s in Montgomery, AL: 3604 SF single tenant franchised fast food restaurant renovated in 1992 on 1.55 ac lot. 19 year absolute NNN lease till 2025 to a strong operator with 110 units. NOI $118K/yr with 2% annual rent increases. $1.312M. 9% cap. Note: flyer not avail, full package upon request.

10.      Walgreens in Livonia, MI: 13,905 SF well maintained drive-thru pharmacy built in 1997 on 1.80 ac corner lot in Detroit MSA. 100% NNN– corp lease till 2023. NOI $139K/yr. $1.794M. 7.75% cap. Note: flyer not available, full brochure 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.

 

David V. Tran

Chief Investment Advisor. CA BRE# 00969014

Transmercial — Commercial Real Estate Investments

408-288-5500 ext. 201, 408-288-5533 (F)