01-09: Rapid Fired Pizza, Retail Centers, Shopping Centers, TitleMax, Strip Centers

 

 

Daily 10 Best Commercial Properties
 

1.     Retail Center in Lake Zurich, IL: 9680 SF retail center built in 2004 on 1.28 ac lot in a growing and affluent neighborhood with an AHI of $159K/yr in a 3 mile radius. Along busy retail corridor and close to Walmart, Costco. 83% NNN leased to Sherwin Williams, Domino’s and Lacey’s Place, a legal gambling cafe. Actual NOI $149K/yr. $2.13M. 7% actual cap.

2.     TitleMax in Hemet, CA: 2400 SF newly renovated single-tenant retail building on .62 ac lot in growing Riverside County. Adjacent to shopping centers with Marshalls, Target, Ross Dress for Less and Smart & Final Extra. 100% absolute NNN lease with 6 yrs left. NOI $90K/yr. $1.44M. 6.25% cap.

3.     Retail Center in Fair Oaks, CA: 16,404 SF well maintained retail center at a busy signalized corner location in growing Sacramento suburbs. 77% NNN leased. Actual NOI $157K/yr. $2.39M. 6.60% actual cap. Upside potential when fully leased.

4.     Retail Center in Fontana, CA: 6126 SF retail center built in 2008 on over 1 ac corner lot in growing San Bernardino County. 100% NNN leased. NOI $104K/yr. $1.495M. 7% cap.

5.     Retail Center in Lynwood, CA: 11,240 SF well maintained retail center on .90 ac lot in densely populated Los Angeles area with over 900,000 residents in a 5 mile ring. Good tenant mix. NOI $208K/yr. $3.28M. 6.35% cap.

6.     Rapid Fired Pizza in Kettering, OH: 3608 SF single-tenant retail building completed in 1999 on nearly 1 ac outparcel to Kroger grocery in Dayton suburbs. Across from Sears Outlet and Dollar Tree. 10 yrs absolute NNN ground lease (land for sale, tenant owns the building). NOI $90K/yr. $1.25M. 7.20% cap.

7.     Retail Center in Spring, TX: 10,055 SF retail center built in 2000 on .62 ac lot in fast growing and high income (AHI $119K/yr) Houston suburbs. 100% leased to Taboo Smoke Emporium, Anything Wireless, Beadoholique, Sprint Cuts, All Home Houston and Window Tint & Alarm. NOI $111K/yr. $1.7M. 6.58% cap.

8.     Strip Center in Roseville, CA: 7160 SF in-line four tenant strip center on .66 ac lot in high income Sacramento suburbs.   Shadow anchored by Goodwill, 99 Cents Only and Office Depot. 100% leased to Teriyaki Domo, Convenience Store, Thai Basil and Metro PCS. NOI $143K/yr. $2.35M. 6.10% cap.

9.     Retail Building in Fresno, CA: 3750 SF retail building at a signalized corner location and in a fast growing area. 100% NNN leased to Quickmart and Windfall Donut. NOI $67K/yr. $1.166M. 5.80% cap.

10.  Shopping Center in Lubbock, TX: 24,000 SF retail center and 8,000 SF free-standing medical office building on 2.72 ac corner lot. Across from Target. On an off/on ramp of Hwy-289 that circles the city. Tenants include: Nova Medical Center, Fast Eddies, Little Caesars, Cricket Wireless, Battery Joe, First Cash Pawn, Star Nails and University Liquor. 96% NNN leased. NOI $408K/yr. $5.455M. 7.48% 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.

12-22: Auto Center, Retail Center, Apartments, MOB, Casino, Shopping Centers

 

Daily 10 Best Commercial Properties
 

1.     Auto Center in Surprise, AZ: 20,640 SF multi-tenant auto center built in 1997 on 1.72 ac lot along busy artery in growing Phoenix suburbs. 100% leased. NOI $147K/yr. $1.775M. 8.3% cap.

2.     Strip Center in New Lenox, IL: 5,362 SF attractive strip center completed in 2015 outparcel to Walmart Supercenter in a growing and affluent Chicago MSA with an AHI of $101K/yr. 100% NNN leased to AT&T, Papa John’s and PMA. NOI $139K/yr. $1.995M. 7% cap.

3.     Retail Center in Yuba City, CA: 10,800 SF attractive retail center built in 2003 in a growing City North of Sacramento. 100% leased. NOI $207K/yr. $3.195M. 6.50% cap.

4.     Retail Center in Dartmouth, MA: 29,400 SF well maintained retail center on 5.31 ac lot in upper middle-class Boston MSA with an AHI of $75K/yr. Across from Dartmouth Mall with Macy’s, JC Penney and Sears. 100% leased with diverse tenant mix. NOI $312K/yr. $4.025M. 7.76% cap.

5.     Retail Center in Hesperia, CA: 19,730 SF retail center built in 2008 on 3 ac outparcel to Stater Bros. Market in San Bernardino County. 87% NNN leased to eight tenants. NOI $298K/yr. $4.594M. 6.50% cap.

6.     Retail Center in Avondale, AZ: 16,054 SF attractive retail center constructed in 2006 on 2.45 ac lot in fast growing (459% pop growth since 2000) Phoenix MSA. Good tenant mix: free-standing building Super Carniceria Los Alamos, Brighter Angeles Day Care Center, AMAXX Hair Salon, Avondale Tooth Factory, DA’S Barbershop and Mariscos 7 Mares Seafood Restaurant. 100% NNN leased. NOI $317K/yr. $4.541M. 7% cap.

7.     Apartments in Stockton, CA: 62,050 SF two apartment building complex consisting of 105 well-maintained units on over 3 ac lot. Close to schools and shopping centers. NOI $419K/yr. $5.9M. 7.11% cap.

8.     MOB in Rowlett, TX: 13,465 SF Class-B multitenant medical office building in growing Dallas suburbs. Across from Baylor Scott & White Medical Center. 100% leased. NOI $273K/yr. $3.4M. 8.03% cap.

9.     Shopping Center in Pasadena, TX: 35,197 SF well kept shopping center renovated in 2014 on 7.6 ac lot in Houston suburbs. Anchored by El Mercado Supermarket, Dollar Tree and Family Dollar. 70% NNN leased. NOI $769K/yr. $9.75M. 7.89% cap.

10.   Casino in Billings, MT: 3855 SF single-tenant Casino constructed in 2008 on 2.49 ac lot in a growing middle-class area. 10 yrs NNN lease. NOI $93K/yr. $1.33M. 7% 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.