7-01: Honest 1 Auto, CVS. AAP, Shopping Centers

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Advisory: interest rates are falling!

Transmercial recently receives a 70% LTV loan quote of 3.9%, fixed rate for over 6 years with no prepayment penalty from a lender in GA for a single-tenant dialysis center.  This rate is very attractive since just 6 months ago, the rate for the same property was expected to be in the 4.5% range.

Daily Best Commercial Properties
 

  1. Honest 1 Auto in Aurora, IL: 8913 SF auto service center built in 1997 in upper middle class Chicago metro. 10 yrs NNN franchisee lease till 2024 to Honest 1 Auto Care, a regional tenant with 55 locations  NOI $120K/yr with 10% rent bump in 2019.  $1.775M. 6.75% cap.
  2. Shopping Center in Las Vegas, NV: New 32,800 SF shopping center on 3.14 acres anchored by Dollar Tree.  High growth & high income area.  100% NNN leased to 5 tenants.  NOI $536K/yr. $8M. 6.71% cap.
  3. Strip Center in Houston, TX: 18,360 SF strip center built in 2000 on 1.69 ac lot.  100% leased.  NOI $187K/yr. $2.315M. 8.1% cap.
  4. Shopping Center in Fishers, IN: 38,622 SF shopping center built in 1998-2000 on 4.81 ac parcel in high income Indianapolis suburbs with AHI of $97K/yr in 3 miles ring.  Excellent visibility from the main road. 89% leased.  NOI $329K/yr. $4.7M. 7% cap.
  5. CVS in Westland, MI: 10,885 SF drugstore with drive-thru built in 2002 on 3/4 ac corner lot in Detroit suburbs.  100% corp NNN- leased till 2023.  NOI $249K/yr with rare bumps every 5 yrs (next bump in 2/2018. $3.4M. 7.34% cap.
  6. Advance Auto Parts in Knoxville, TN: 7000 SF AAP on .69 ac lot on a busy state highway.  100% leased with 4 1/2 yrs left.  NOI $141K/yr. $1.905M. 7.4% cap.
  7. Burger King in Bellwood, IL: brand new 2286 SF Burger King on .51 ac lot in Chicago metro.  New 15 yrs  absolute NNN lease.  NOI $106K/yr. $1.642M. 6% cap.
  8. Shopping Center in Lakeland, FL: 102,572 SF shopping center completed in 1989 on 15.6 ac lot East of Tampa metro.  Anchored by 51,672 SF Winn Dixie grocery.  Property is under building facade improvement to be completed by 9/2016. 84% leased.  Current NOI $577K/yr.  $8.5M.  6.79% cap.  Upside potential.  Buyer to assume $4.8M loan due in 2025 at 4.58% interest.
  9. Strip Mall in Waukesha, WI:  9856 SF well-kept strip mall built in 1980 on .73 ac lot in middle-class Milwaukee metro.  Current NOI $101K/yr.  $1.08M. 9.3% cap.

 
(c) Transmercial 2016
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.

06-01: Walgreens, Del Taco, CVS Pharmacy, AMSCOT Financial, Neighborhood Centers

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Daily Best Commercial Properties
 

  1. Walgreens in Dallas, TX: 13,905 SF drive-thru pharmacy built in 1998 on 1.38 ac lot at a signalized intersection. Across from center with Fiesta Mart, dd’s Discounts. Adjacent to Target, Walmart Supercenter and Home Depot.100% NNN lease with 3-yrs left. NOI $292K/yr. $3.65M. 8% cap.
  2. Strip Center in Ventura, CA: 6000 SF retail center on .33 ac lot in high income (AHI $92K/yr) Southern California. Close to 208-bed Ventura County Medical Center and Pacific View Mall with 145 stores. 100% NNN leased. NOI $109K/yr. $1.65M. 6.66% cap.
  3. Retail Center in Ventura, CA: 7,680 SF well maintained retail center on .44 ac lot in growing Southern California. Adjacent to Ventura College with over 13,000 students. Close to Ventura County Medical Center and Pacific View Mall. 100% leased. NOI $172K/yr. $2.45M. 7.05% cap.
  4. Del Taco in Pittsburg, CA: 2691 SF Del Taco built in 2001 on .74 ac lot in a growing upper middle class Contra Costa County. Adjacent to Century Plaza with Ross Dress for Less, Target, Burlington Coat Factory and Maya Pittsburg Cinemas. Close to Somersville Town Center and with easy access to Hwy-4. 100% absolute NNN lease with over 17 yrs left. NOI $102K/yr with 10% rent bumps every 5 yrs. $1.889M. 5.40% cap.
  5. CVS in Baltimore, MD: 12,608 SF drug store built in 1995 on .61 ac lot in middle-class area.  Tenant recently exercised 1st 5-yr option.  NOI $173K/yr.  Price reduced from $2.476M to $2.237M. 7.75% cap.
  6. AMSCOT in Leesburg, FL: 4800 SF single-tenant retail building on .62 ac corner lot along major artery in Orlando MSA. Early 5 yrs NNN renewal with 6 yrs left to Amscot Financial, a regional tenant.  NOI $141K/yr. $1.77M. 8% cap.
  7. Shopping Center in Oak Park, IL: 36,170 SF shopping center along major retail corridor in high income (AHI $95K/yr in 1 mile) Chicago suburbs. Major tenants include: Dollar Tree, Cash America, H&R Block and InsureOne. 88% NNN leased. Actual NOI $480K/yr. $6M. 8% actual cap. Upside potential when fully leased.
  8. Neighborhood Center in Brownsville, TX: 173,667 SF well maintained shopping center on over 18 acres of land anchored by Big Lots and Fallas. Visible from I-69E. Other major tenants include: CSL Plasma, Harbor Freight Tools, Family Dollar, Tuesday Morning and Jack in the Box (ground lease). 96% leased. Actual NOI $1.306M/yr. $15.839M. 8.25% actual cap. Upside potential.
  9. Retail Center in Brownsville, TX: 35,792 SF retail center completed in 2002 on nearly 3 ac corner lot in a fast growing area. Adjacent to Sunrise Mall with 100 stores and I-69E. Major tenants include: Mattress Firm, Leslie’s, Poolmart, Nutrishop, America’s Best Eyeglass and Shenanigan’s Irish Pub. 100% NNN leased. NOI $581K/yr. $7.044M. 8.25% cap.
  10. Retail Center in Frisco, TX: 36,485 SF attractive shopping center on 3.73 ac outparcel to Walmart Supercenter in booming (6,753% pop growth in a 1 mile radius) and affluent (AHI $127K/yr in a 1 mile radius) Dallas/Ft Worth MSA. 91% NNN leased. NOI $732K/yr. $9.764M. 7.50% cap.
(c) Transmercial 2016
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.

5-18: DaVita Dialysis Center, Casa Ramos Mexican Restaurant, Burlington Coat Factory, Office Buildings, Retail Centers

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Daily Best Commercial Properties
 

  1. Shopping Center in Alpharetta, GA: 18,603 SF attractive shopping center on 3.35 ac lot in fast growing (136% pop growth since 2000) and affluent (AHI $113K/yr in a 3 mile ring) Atlanta suburbs. Shadow anchored by Aldi grocery. 75% leased. $3.82M. NOI/Cap N/A.
  2. Retail Building in Canton, MI: 3,510 SF retail building at a hard corner location in affluent (AHI $103K/yr in a 3 mile ring) Detroit suburbs. Across from Kohl’s, Lowe’s and Target. 100% NNN leased to 7-Eleven and Sultan’s Express Middle Eastern Eatery. NOI $75K/yr. $1.175M. 6.40% cap.
  3. Retail Center in Garden Grove, CA: 11,648 SF well maintained retail center on nearly 1 ac lot in upper middle-class Los Angeles area with AHI of $105K/yr in 1 miles radius. Across from LA Fitness and Walgreens. Adjacent to Vons grocery and ACE Hardware center. 100% leased. NOI $312K/yr. $3.55M. 6% cap.
  4. Office Plaza in San Diego, CA: 39,993 SF Class-B multitenant professional building in high income Southern California. With easy access to I-805. 100% leased. NOI $394K/yr. $6.35M. 6.21% cap.
  5. DaVita in El Paso, TX: 9420 SF dialysis center constructed in 1994 on nearly 1 ac corner lot. Tenant has been at this location for 15 yrs. 100% NNN- corp lease with 4 yrs left. NOI $125K/yr. $1.85M. 6.80% cap.
  6. Casa Ramos in Sacramento, CA: 7500 SF well maintained Mexican Restaurant built in 2006. Outparcel to 660,600 SF regional Power Center with Target and Burlington Coat Factory. Close to I-80. 100% leased to a regional operator with 14 locations. NOI $139K/yr. $2.25M. 6.20% cap.
  7. Retail Center in Mansfield, TX: 14,265 SF high quality constructed retail center completed in 2010 on nearly 2 ac lot. In booming (over 5000% pop growth since 2000) and affluent Ft Worth/Dallas MSA with an AHI of $125K/yr. 91% leased. Pro forma NOI $219K/yr. $2.9M. 7.58% cap.
  8. Burlington Coat Factory in Houston, TX: 96,500 SF big-box retail building constructed in 1993 on over 1 ac lot. Across from West Oak Mall with over 100 stores. 100% NNN lease with over 3 yrs left. NOI $361K/yr. $4.825M. 7.50% cap.
  9. Office Building in Mason, OH: 20,493 SF Class-A professional office building completed in 2006 on over 2 ac lot in growing and high income Cincinnati suburbs. 82% NNN leased to multiple tenants. NOI $282K/yr. $3.4M. 8.30% cap.
  10. Retail Center in Federal Way, WA: 33,325 SF well maintained retail center on .88 ac lot in upper middle-class Seattle suburbs. Anchored by Metropolitan Market, a regional operator. NNN leased. NOI $646K/yr. $7.495M. 8.63% cap.
(c) Transmercial 2016
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.

04-18: Advance Auto Parts, Shopping Centers, Office Buildings, Retail Centers, Strip Centers

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Daily Best Commercial Properties
  1. Office Building in Parker, CO: 25,454 SF Class-B office building completed in 2000 on 1.12 ac lot in growing and high income Denver metro with an AHI of $119K/yr in a 3 mile ring. 93% leased to nine tenants. NOI $450K/yr. $6.7M. 6.73% cap. Upside potential.
  2. Retail Center in Decatur, GA: 31,133 SF retail center substantially renovated in 2010 on over 2 ac lot in Atlanta suburbs. On an off/on ramp of I-20. Major tenants: Dollar General, Aaron’s and Cricket Wireless. 97% leased. NOI $214K/yr. $2.6M. 8.26% cap.
  3. Retail Center in Amityville, NY: 27,000 SF eighteen units retail/office center on 1.61 ac corner lot in high income (AHI $98K/yr) New York suburbs. 80% leased. NOI $411K/yr. $5.8M. 7.10% cap. Upside potential.
  4. Retail Center in Ventura, CA: 7680 SF well maintained retail center on .44 ac lot in growing Southern California. Close to Community Memorial Hospital and Pacific View Mall. 100% leased. NOI $171K/yr. $2.45M. 7% cap.
  5. Strip Center in Las Vegas, NV: 3,600 SF newly constructed strip center on .49 ac lot in a booming (1701% pop growth since 2000) and upper middle-class area. Close to St Rose Dominican Hospital.  100% NNN leased to Zaba’s Mexican Grill and Papa Murphy’s Pizza. NOI $113K/yr. $1.82M. 6.25% cap.
  6. Shopping Center in Colorado Springs, CO: 68,000 SF shopping center anchored by Big Lots and along retail artery. 75% leased. Actual NOI $247K/yr. $2.75M. 9% actual cap. Upside potential when fully leased.
  7. MOB in Indianapolis, IN: 13,000 SF two tenant medical office building on over 2 ac lot. 100% NNN leased to Caring Smile Dental and Pike Medical Consultants. NOI $156K/yr. $1.93M. 8.11% cap.
  8. Advance Auto Parts in Trenton, NJ: 7000 SF built-to-suit auto parts center completed in 2002 on over 2 ac lot in Philadelphia MSA. With easy access to I-295. 10 yrs NN lease with over 6 yrs left. NOI $130K/yr. $2.008M. 6.50% cap.
  9. Strip Center in Sioux Falls, SD: 7800 SF attractive strip center on .66 ac lot in growing and upper middle-class area. All units face main corridor. Adjacent to Hy-Vee grocery. 100% leased to Sprints, Snap Fitness and Wayne and Mary’s Nutrition. NOI $75K/yr. $998K. 7.54% cap.
  10. Retail Center in Goose Creek, SC: 19,920 SF retail center built in 2007 on 1.75 ac lot in a growing middle-class area. Tenants include: Guadalajara Supermarket, Sally Beauty, Q Nails, Driver’s Choice, Little Caesar’s Pizza, Metro PCS, Brazilian Bakery and Carolina Vapors. 79% leased. NOI $157K/yr. $2.25M. 7% cap.
(c) Transmercial 2016
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.

03-01: FastMed Urgent Care, MOB, Del Taco, Retail Centers, Strip Centers

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Daily Best Commercial Properties
 

  1. MOB in Brownsburg, IN: 5000 SF two-tenant medical office building constructed in 2005 on .62 ac lot in affluent Indianapolis suburbs. Close to I-74. Major tenant: IU Health.100% NNN leased. NOI $93K/yr. $1.31M. 7.14% cap.
  2. FastMed Urgent Care in Roanoke Rapids, NC: 3200 SF medical office building renovated in 2014 on .42 ac lot. Adjacent to Halifax Regional Medical Center. 10 yrs absolute NNN lease with over 8 yrs left to a strong operator with 110 units. NOI $90K/yr with 2% annual rent increases. $1.225M. 7.42% cap.
  3. Del Taco in Pittsburg, CA: 2691 SF Del Taco restaurant built in 2001 on .74 ac lot in a stable city East of San Francisco. Across from Power Center anchored by Maya Cinemas, Burlington Coat Factory and Target. Near Somersville Towne Center. On/off ramp Hwy-4. 100% NNN lease with over 17 yrs left to strong franchisee with 10 units. NOI 107K/yr with 10% rent bumps every 5 yrs. $1.912M. 5.60% cap.
  4. Retail Center in McKinney, TX: 19,707 SF attractive retail center on over 3 ac lot in growing and high income Dallas suburbs. Adjacent to major centers and wit easy access to Hwy-75. Tenants include: Pizza Hut, Children’s Medical and Monarch Dental. NOI $352K/yr. $5.2M. 6.77% cap.
  5. MOB in Los Gatos, CA: 3200 SF Class-B medical office building in affluent Silicon Valley with an AHI of $159K/yr in a 1 mile ring. Between Good Samaritan Hospital and Mission Oak Hospital. With easy access to Hwy-17/85. 100% leased to eight tenants. NOI $82K/yr. $1.85M. 4.46% cap.
  6. Retail Center in Louisville, KY: 35,948 SF attractive retail center constructed in 2000 on 3 ac lot in an affluent area with AHI of $100K/yr. 78% NNN leased. Tenants include: Edward Jones, Fidelity Brokerage, McAlister’s Deli, Medical Weight Loss, Mortenson Dentistry, Rio Grande Restaurant and Pulte Homes. Actual NOI $431K/yr. $5.75M. 7.50% actual cap. Upside potential when fully leased.
  7. Retail Center in Palos Hills, IL: 10,000 SF retail center built in 2000 on nearly 1 ac lot along busy retail corridor. Close to Walmart. All eight units face main artery. $1.6M. NOI N/A.
  8. Strip Center in Spring Valley, CA: 8150 SF well maintained strip center on .58 ac lot in growing and high income (AHI $93K/yr) San Diego suburbs. 92% leased. NOI $74K/yr. $1.299M. 5.70% cap.
  9. Retail Center in Everett, WA: 11,000 SF retail center constructed in 2007 on 1 ac outparcel to Walmart in growing Seattle suburbs. 100% NNN leased. NOI $255K/yr. $3.795M. 6.72% cap.
  10. MOB in New Albany, IN: 59,587 SF Class-B multitenant medical office building completed in 1996 on over 10 ac lot in Louisville suburbs. Anchored by Floyd Memorial. Adjacent to Floyd Memorial Hospital. 95% leased. NOI $766K/yr. $10.95M. 7% cap.
(c) Transmercial 2016
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.

02-01: Burger King, Family Dollar, Pep Boys, Stardust, MOB, Wendys

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Daily Best Commercial Properties
 

  1. Burger King in Phoenix, AZ: 3500 SF restaurant on .8 ac lot.  100% NNN lease with no landlord responsibilities to an experienced franchisee.  NOI $95K/yr. $1.461M.  6.5% cap.
  2. Family Dollar in Harvey, LA: 9180 SF newly constructed Family Dollar on 1 ac lot in New Orleans metro.  New 15 yrs absolute NNN corp lease (S&P BBB-).  NOI $121K/yr.  $1.939M. 6.25% cap.
  3. Pep Boys Auto in Buffalo, NY: 19,676 SF Auto Parts & Service center built in 1996 on 1.88 ac lot.  100% corp NNN lease with 7 yrs left (Note: Pep Boys was recently purchased for $1B by Icahn Enterprises LP, headed by billionaire Carl Icahn). NOI $216K/yr with 1.5% annual rent bumps.  $3.3M. 6.5% cap.
  4. Family Dollar in Yonkers, NY: rare 10,000 SF Family Dollar store on .71 ac lot just 20-30 minutes from midtown Manhattan.  Densely populated area with 1.2M residents within 5 miles radius. 100% leased to Duane Reade drugstore and subleased to Family Dollar (drugstore closed due to Duane Reade merger with Walgreens) with 4 yrs left.  NOI $313K/yr  with  10% rent bump in Oct 2017. $4M. 7.83% cap.
  5. Office Building in Dickinson, TX: 6594 SF office building completed in 2013 on 2 acres lot in Houston suburbs.  100% leased to TX government (S&P A+) with 8 yrs left and used as The Texas Department of Criminal Justice.  NOI $114K/yr. $1.497M. 7.64% cap.
  6. Single-tenant retail center in Glendale, AZ:  27,780 SF single-tenant retail center.  10 yrs NNN- lease to Stardust Non-profit Building Supplies, Inc with 4 locations in Phoenix.  Low rent of $6/SF and price below replacement.  NOI $139K/yr. $1.792M. 7.75% cap.
  7. Medical Office Building in San Jose, CA: 9454 SF 2-story medical office building on .61 ac lot across from Regional medical center of San Jose.  NOI $195K/yr. $3.35M. 5.84% cap.
  8. Wendy’s in Trussville, AL: 4036 SF restaurant in Birmingham metro.  Next to U-59 exit.  New 20 yrs absolute NNN lease with zero landlord responsibilities to an experienced franchisee.  NOI $102K/yr with 7.5% rent rumps every 5 yrs.  $1.726M. 5.95% cap.
  9. Wendys in Chattanooga, TN: 2764 SF restaurant on .56 ac lot right off I-75 exit. 20 yrs absolute NNN lease with 10 yrs left.  NOI $139K/yr. $1.986M 7% cap.
  10. Burger King in Bossier City, LA: 2850 SF Burger King on .6 ac lot in Shreveport. 20 yrs lease with a 85-unit operator.  NOI $135K/yr. $2.254M. 6% cap.

 
(c) Transmercial 2016
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.

06-15: Neighborhood center, MOBs, Office Building, Burger King

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Daily Best Commercial Properties
 

  1. Neighborhood Center in Saint Petersburg, FL: 51,619 SF neighborhood center built in 1989 on 4.3 ac lot on a 6-lane artery. Anchored by Aldi Grocery, and Davita Dialysis.  97% leased with 51% of the center occupied by national tenants. NOI $373K/yr. $4.545M. 8.2% cap.
  2. Strip Center in Coral Springs, FL: 4949 SF well maintained strip center on .54 ac corner lot in a growing and high income (AHI $93K/yr in a 3 mile radius) area. 100% leased. NOI $99K/yr. $1.125M. 8.80% cap.
  3. MOB in Fort Myers, FL: 15,448 SF Class-A single tenant medical office building on 1.43 ac lot. The subject property is surrounded by leading medical centers for cardiology, surgery, intensive care, pediatrics, rehabilitation, orthopedics, and radiology for the Lee Memorial Health System, totaling over 1,200+ beds. 100% NNN lease with 5 yrs left.  NOI $362K/yr. $5M. 7.25% cap.
  4. Strip Mall in Springs, TX: 10,149 SF strip center built in 2000 on .62 ac lot in affluent Houston suburbs with AHI of $117K/yr in 1 mile. 100% leased.  NOI $99K/yr. $1.275M. 7.8% cap.
  5. Office Building in Morgan Hills, CA: 27,800 SF 2-story well-kept office building on 1.37 ac lot in a well off Silicon Valley suburbs (AHI $111K/yr in 3 miles ring).  92% occupied.  $4.25M.
  6. Retail Plaza in Lancaster, CA: 62,011 SF retail center on 5.1 ac lot in Southern CA with exposure along and easy access to Hwy 14.  Shadow anchored by 75,000 SF High Desert Medical Center. 98% leased with over 20,000 SF leased to High Desert Medical.  NOI $520K/yr. $7.2M. 7.38% cap.
  7. Burger King in Portage, MI: 3983 SF restaurant on 1.25 ac lot Kalamazoo metro.  Adjacent to 770,000 SF Crossroads Mall (770k SF), Sam’s Club, Best Buy, Target, Home Depot, & Dick’s Sporting Goods. 15 yrs NNN lease with 14 yrs left.  NOI $92K/yr with 10% rent bumps every 5 yrs.  $1.533M. 6% cap.
  8. MOB in Mesa, AZ: 8800 SF 3-tenant medical office building on .71 ac lot in Phoenix metro.   Anchored by 6760 SF Hanger Prosthetics & Orthotics, a national tenant.  89% NNN leased with 1 small vacant unit.  NOI $113K/yr. $1.51M. 7.5% cap.
  9. Medical Office Building in Lincoln, NE: 6200 SF class-A 5-yrs old office building in a high growth, high income area. 100% leased to 2 medical tenants.  NOI $99K/yr. $1.325M. 7.5% cap.
  10. Shopping Center in Antioch, TN: 68,438 SF shopping center on 5.62 ac lot across from Global Mall at the Crossings in Nashville metro.  Anchored by Carmike Theatre.  92% leased.  NOI $475K/yr. $5M. 9.5% cap.
(c) Transmercial 2015
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.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. 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.

05-08: Boston’s Pizza, Citibank, MOB, Perkins, Retail Centers

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  1. Boston’s Pizza in Fontana, CA: 6878 SF Boston’s Pizza restaurant built in 2013 on almost 1 ac lot in high income area with AHI of $96K/yr.  Easy access to a good visibility from hwy 210. 15 yrs NNN lease.  NOI $292K/yr with 10% rent bumps every 5 yrs.  $4.3M. 6.8% cap.
  2. CitiBank in Hanford, CA: 4816 SF bank on .42 ac corner lot.  100% absolute NNN lease till 2024 to Citibank with “A” S&P credit rating.  NOI $132K/yr with 1.5% annual rent bumps. $2.6M. 5.07% cap.
  3. Shopping Plaza in Memphis, TN: 104,365 SF shopping center on over 10 ac corner lot close to I-240.  Anchored by Aldi supermarket, Dollar Tree and Holliday’s Fashions. 87% leased.  NOI $528K/yr.  $6.6M. 8% cap.
  4. High Desert Plaza in Lancaster, CA: 62,011 SF retail center on 5.1 ac parcel with easy access to Hwy 14.  Anchored by High Desert Medical Center. 98% leased.  NOI $521K/yr. $7.4M. 7.04% cap.  Just less than #$120/SF!
  5. Medical Plaza in El Paso, TX: 14,274 SF class-A multi-tenant medical center right across from Providence Memorial Hospital. NOI $318K/yr.  $4.25M. 7.5% cap.
  6. Perkins Restaurant & Bakery in Independence, MO: 5500 SF Perkins restaurant built in 2011 on 1.36 ac lot near I-70 in Kansas City metro.  100% NNN leased with 17 yrs left to an operator with 13 units.  NOI $139K/yr. $2.1421M. 6.5% cap.
  7. Strip Mall in Phoenix, AZ: 7844 SF strip mall on over 1 ac lot on a major artery.  100% long-term NNN leased to Panda Express and Title Boxing Club Fitness center (a franchise with locations in 32 states).  NOI $122K/yr. $1.8M.  6.81% cap.
  8. Office Building in Oaks, PA: 14,528 SF 2-story office building constructed in 2004 on 2 ac lot in affluent (AHI $128?yr) Philadelphia suburbs.  Leased to 4 tenants.  NOI $152K/yr. $1.85M. 8.26% cap.
  9. Medical Office Building in Garden Grove, CA: 6400 SF MOB in densely populated city in Southern CA with over 700K residents in 5 miles radius. 100% leased to a medical doctor, an Ophthalmologist, and Insurance agent.  NOI $112K/yr. $2.247M. 5% cap.
(c) Transmercial 2015
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 on major commercial real estate companies, and various other sources.   Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. 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.

05-07: VASA Fitness Center, Tilted Kilt, Professional Plaza, Office Buildings

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  1. Shopping Center in Eldersburg, MD: 57,585 SF well maintained shopping center on 6 ac lot in growing and high income (AHI $108K/yr in 3 miles) Baltimore suburbs. 92% NNN leased. NOI $723K/yr. $10.331M. 7% cap.
  2. Office Building in Murray, UT: 36,921 SF Class-B multitenant office building on nearly 2 ac lot in Salt Lake City suburbs. Close to Intermountain Medical Center and with easy access to I-15. Actual NOI $366K/yr. $5.239M. 7% actual cap. Upside potential.
  3. VASA Fitness Center in Riverton, UT: 44,556 SF fitness center built in 1996 on 4.36 ac lot in upper middle class Salt Lake City MSA with an AHI of $88K/yr in 1 mile. Newly executed NNN lease to Vasa Fitness,  a regional operator with 18 locations. NOI $623K/yr. $8.911M. 7% cap.
  4. Office Building in Harker Heights, TX: 13,493 SF Class-A multitenant office building in a fast growing and high income (AHI $95K/yr) area. 100% leased. NOI $234K/yr. $2.19M. 10.70% cap.
  5. Tilted Kilt in Fort Myers, FL: 13,000 SF 8257 SF Tilted Kilt sport pub and restaurant on 1.92 ac lot at a major retail corridor in Cape Coral suburbs. Adjacent to Target and DSW shopping center. Other nearby retailers include: Costco, T.J. Maxx, Movie Theater, Bealls, Ross Dress for Less and more. 100% leased. NOI $217K/yr. $3M. 7.25% cap.
  6. Retail Building in Homewood, IL: 19,215 SF attractive retail center renovated in 2011 on nearly 2 ac lot shadow anchored by new Walmart Supercenter in Chicago suburbs. Across from 500,000 SF Power Center with Target, Home Depot and Menards. 100% leased to Buffalo Wild Wings and Dollar Tree. NOI $259K/yr. $3.61M. 7.20% cap.
  7. Retail Building in Gilbert, AZ: 6000 SF attractive retail building constructed in 2006 on .80 ac outparcel to a shopping center. Across from Safeway center and near Banner Gateway Medical Center and Hwy-60. 80% leased. Actual NOI $100K/yr. $1.26M. 8% cap.
  8. Retail Center in Lithonia, GA: 7700 SF attractive retail center in fast growing Atlanta suburbs. Across from The Mall at Stonecrest and close to I-20. 100% NNN leased. NOI $169K/yr. $2.26M. 7.50% cap.
  9. Strip Center in Wood Dale, IL: 7300 SF well maintained strip center on .56 ac corner lot in upper middle class Chicago suburbs. Good tenant mix including 7-Eleven. NOI $94K/yr. $1.175M. 8% cap.
  10. Professional Plaza in Margate, FL: 17,202 SF Class-B consisting of two multitenant office buildings on 2.88 ac lot in Fort Lauderdale suburbs. Adjacent to Northwest Medical Center.  Near major power centers. 100% leased. NOI $215K/yr. $2.399M. 9% cap.

(c) Transmercial 2015

05-06: Wendy’s, Grocery Outlet, Tuffy Auto Service Center, 24-Hour Fitness, Smile Magic, Autozone, MOB

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  1. Wendy’s in Appleton, WI: 2845 SF franchised Wendy’s fast food restaurant on 1.35 ac lot on an off/on ramp of Hwy-41. Adjacent to Fox River Mall, Home Depot, Sam’s Club and more. New 20-yrs absolute NNN lease. NOI $109K/yr with 1.5% annual rent increases. $1.8M. 6.10% cap.
  2. Grocery Outlet in Stockton, CA: 13,969 SF brand new single tenant grocery store on over 1.16 ac lot at a busy retail corridor. Adjacent to Trader Joe’s & Safeway grocery center. 10-yrs NNN corp lease to Grocery Outlet, a chain with stores in CA, OR WA, ID, NV, and PA. NOI $257K/yr with 10% rent increases every 5-yrs. $4.895M. 5.25% cap.
  3. Tuffy in Orlando, CA: 4035 SF build-to-suit auto service center constructed in 2005 on .70 ac lot. Close to Publix super market center and near Hwy-417. 20-yrs absolute NNN lease with over 10-yrs left. NOI $97K/yr with 8.75% rent bumps every 5-yrs. $1.518M. 6.45% cap.
  4. 24-Hour Fitness in Fort Worth, TX: 37,500 SF attractive fitness center built in 2008 on over 6 ac lot. Part of 228,000 SF Power Center. With easy access to I-820. 15-yrs NNN- corp lease with 9-yrs left. NOI $843K/yr with 12.5% rent increases every 5-yrs. $12.053M. 7% cap.
  5. MOB in Orangevale, CA: 12,518 SF well maintained multitenant medical office buildings constructed in 1990 on 1.24 ac lot in upper middle class Sacramento suburbs. 100% leased to four tenants: 3 dentists and a major insurance office in Sacramento. NOI $1.7M. 7.46% cap.
  6. MOB in Lake Mary, FL: 10,698 SF Class-A medical office building completed in 2007 in high income (AHI $93K/yr in 1 mile) Orlando suburbs. 79% NNN leased to multiple tenants. Pro forma NOI $244K/yr. $2.95M. 8.28% cap.
  7. Shopping Center in San Antonio, TX: 97,682 SF attractive shopping center on 6.71 ac lot along busy corridor. 93% leased with strong tenant mix. Actual NOI $1.014M/yr. $13M. 7.80% cap.
  8. Smile Magic in Grand Prairie, TX: 7132 SF single-tenant medical office building constructed in 1993 on .61 ac lot in growing Fort Worth/Dallas suburbs. Across from Kroger grocery center. Near Hwy-161. 100% NNN lease with 5-yrs left to Smile Magic, a regional operator with 7-units. NOI $118K/yr with a 12.5% rent bump in 2017. $1.574M. 7.50% cap.
  9. AutoZone in Poughkeepsie, NY: 7380 SF single tenant retail building on .59 ac corner lot in New York metro. 20-yrs NNN lease with over 10-yrs left. Pro forma NOI $142K/yr. $2.272M. 6.25% cap.
  10. Retail Center in Compton, CA: 22,125 SF attractive retail center built in 2007 along busy thoroughfare in densely populated Los Angeles area with over 800,000 residents in a 5-mile ring. Major tenants include: Subway, GameStop, Little Caesars and H&R Block. 100% NNN leased. NOI $583K/yr. $9.5M. 6.14% cap.

(c) Transmercial 2017