01-05: Pizza Hut, Dollar General, Family Dollar, KFC, Shopping Center

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1.   Mixed use Building in Tacoma, WA: 14,011 SF mixed-use 3-story building completed in 2004 near Tacoma Dome. 100% leased to 4 tenants; 3 commercial and 1 residential. NOI $187K/yr. $2.495M. 7.5% cap.

 

2.    Strip Mall in Bixby, OK: 6578 SF strip center built in 2008 on 1.67 ac lot in growing and affluent Tulsa metro with AHI of $121K/yr in 3 miles ring. 100% NNN leased to 2 regional tenants Jimmy’s Egg and Rex’s Chicken with new leases. Both tenants spent a total of $1.1M in renovation in 2017. NOI $158K/yr. $2.26M. 7% cap.

 

3.    Office Building in Peachtree City, GA: 13,376 SF multi-tenant office building constructed in 2004 on 1.33 ac lot in high income Atlanta suburbs with AHI of $94K/yr in 1 mile ring. NOI $134K/yr. $1.695M. 7.9% cap.

 

4.    Pizza Hut in Milwaukee, WI: 1829 SF Pizza Hut restaurant on .36 ac lot. 15 yrs NNN lease with 5 yrs left to Wisconsin Hospitality Group operating 82 Pizza Hut and Applebee’s restaurants. NOI $76K/yr. $1.021M. 7.5% cap.

 

5.    Dollar General in Springfield, IL: 13,709 SF Dollar General on 1.57 acres lot. Property renovated in 2009. 100% NNN- with 6+ yrs left. NOI $90K/yr. $1.058M. 8.5% cap.

 

6.    Family Dollar in El Paso, TX: 9180 SF Family Dollar store built in 2004 on .83 acres lot. 100% NNN- till Dec 2022. NOI $71K/yr. $993K. 7.2% cap.

 

7.    KFC restaurant in Baton Rouge, LA: 3200 SF KFC built in 1994 on .58 acres lot. 100% NNN lease till 2027 to a tenant with 7 locations. NOI $71K with 1.5% annual rent bumps. $1.1M. 6.46% cap.

 

8.    Shopping Center in Las Vegas, NV: 45,240 SF shopping center built in 1998 on 4.31 acres lot at an intersection of 2 major arteries. Shadow anchored by Smith’s Food & Drug and Walgreens. 87% NNN leased to 16 tenants including: Great Clips, GNC, Metro PCS, H&R Block, and KFC. Current NOI $950K/yr. $13.1M. 7.25% cap. Upside potential when fully leased.

 

9. Office Building in Las Vegas, NV: 87,095 SF 2-story office building constructed in 2002 on 8.37 acres lot. 96% leased to 4 tenants including Nevada Title (owned by First American Financial Group, S&P BBB-), Centen Corp. (S&P BB+). NOI $1.562M. $21.5M. 7.27% 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.