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.