11-17: Mixed-use, Chesterbrook Academy, Shiekh Shoes, Mountain Mikes Pizza, Shopping Centers

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Daily Best 10 Commercial Properties
 

1.     Mountain Mikes Pizza in Alameda, CA: 2500 SF well maintained single-tenant retail building on .28 ac lot in high income (AHI $90K/yr in a 1 mile ring) San Francisco Bay Area. Tenant has been at this location since 2007. 100% NNN leased with 1 yr left. NOI $69K/yr. $1.2M. 5.77% cap.

2.     Shiekh Shoes in Humble, TX: 10,677 SF single-tenant retail building on nearly 1 ac lot in fast growing Houston suburbs. Adjacent to Ross Dress from Less and across from 1,200,000 SF Deerbrook Mall. With easy access to I-69. This is a sale and lease-back investment. New 15 yrs NNN lease to a strong operator with 140 stores. NOI $256K/yr with 10% rent bumps every 5 yrs. $3.416M. 7.50% cap.

3.     Chesterbrook Academy in Richmond, VA: 5181 SF well kept daycare facility in affluent residential neighborhood with an AHI of $104K/yr. 100% NNN lease with 5 yrs left. NOI $87K/yr with rent increases. $1.25M. 7% cap.

4.     Retail Centers in various cities in TX: 8625 SF retail center built in 2004 and 7932 SF retail center built in 2003 in a fast growing Houston suburbs. $4.6M.

5.     Shopping Center in Lino Lakes, MN: 20,528 SF attractive shopping center built in 2003 on over 4 ac lot in affluent Minneapolis MSA with an AHI of $119K/yr in a1 mile ring. 93% leased. NOI $224K/yr. $3.1M. 7.25% cap.

6.     Strip Center in Phoenix, AZ: 5618 SF well maintained strip center constructed in 2001 on .58 corner lot at a signalized intersection. Across from Phoenix VA Health Care Systems Hospital. 100% leased. NOI $121K/yr. $1.9M. 6.40% cap.

7.     Retail Center in Eau Claire, WI: 17.200 SF retail center on 1.50 ac lot along busy corridor. Across from Target Menards. Close to Walmart Supercenter, Oakwood Mall and with easy access to Hwy-53. 90% NNN leased. Actual NOI $192K/yr. $2.75M. 7% actual cap. Upside potential when fully leased.

8.     Mixed-use in Lancaster, CA: 10,898 SF consisting of three retail/office buildings on .85 ac lot at a hard corner location in growing Southern California. With easy access to Hwy-14. NOI $120K/yr. $1.9M. 7% cap.

9.     Retail Center in Blaine, MN: 9200 SF attractive retail center built in 2007 on 1.50 ac lot in Minneapolis suburbs. Across from Walmart and Lowe’s. NOI $196K/yr. $2.2M. 8.95% cap.

10.  MOB in Cincinnati, OH: 14,720 SF multitenant medical office building on .67 ac lot. Close to Mercy Health Hospital. 84% NNN leased to seven tenants. Actual NOI $108K/yr. $1.1M. 9.90% cap.

    
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.

 

 

David V. Tran

Chief Investment Advisor. CA BRE# 00969014

Transmercial — Commercial Real Estate Investments

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