Monday, June 29, 2015

05-20: Taco Bueno, Auto Center, PetsMart, MOB, Retail Centers, Back Yard Burger


Daily Best Commercial Properties

  1. Taco Bueno in Wichita, KS: 2620 SF Taco Bueno restaurant built in 2005 on .81 ac lot near 760-bed acute care Wesley Medical Center.  15 yrs absolute NNN corp lease with 5 yrs left.  NOI $85K/yr with 10% rent bumps every 5 yrs.  $1.217M. 7.75% cap.
  2. Strip Center in Frisco, TX: 7165 SF strip center constructed in 2008 on 1.42 ac lot in booming (137% pop growth since 2000) and prosperous (AHI $151K/yr in 1 mile) Fort Worth/Dallas suburbs. 100% leased. NOI $170K/yr. $2.6M. 6.55% cap.
  3. Auto Center in Brookfield, WI: 13,199 SF well maintained auto center at a busy artery in Milwaukee suburbs. 100% leased to two tenants: Monro Brake & Tire and Auto Glass . NOI $233K/yr. $2.5M. 9.35% cap.
  4. Retail Center in Sacramento, CA: 19,888 SF consisting of two attractive retail centers completed in 1990 on over 2 ac lot. All tenants face main corridor. Across from 99 Cents Only Store and Goodwill center. 100% NNN leased to 10 tenants. NOI $353K/yr. $4.6M. 7.68% cap.
  5. PetsMart in Coral Springs, FL: 19,077 SF single tenant retail building constructed in 2005 on 2 ac lot. Adjacent to major centers with Walmart, Lowe’s, Target, Home Depot and Burlington Coat Factory. Recently extended absolute NNN lease with 10-yrs left. Pro forma NOI $370K/yr with rent increases. $6.177M. 6% pro forma cap.
  6. Shopping Center in Lakewood, CO: 61,832 SF well maintained shopping center on 4 ac lot at a signalized corner location in Denver suburbs. Near Walmart Supercenter. 91.9% leased. NOI $469K/yr. $6.48M. 7.25% cap.
  7. MOB in Columbus, OH: 15,069 SF Class-B multitenant medical office building on 1.79 ac lot in a growing and middle class neighborhood. Close to Mt Camel East Hospital and with easy access to I-270. 100% leased to: Mount Carmel Urgent Care, Eastglen Pediatrics, Dane Drugs, Family practitioner, Gynecologist and Chiropractor. NOI $117K/yr. $1.616M. 7.25% cap.
  8. Retail Center in Orland Park, IL: 16,000 SF eye-catching retail center in growing and high income Chicago metro with an AHI of $110K/yr in a 1 mile ring. 100% leased with national, regional and local tenants including Dunkin’ Donuts. NOI $253K/yr. $3.17M. 8% cap.
  9. Back Yard Burger in Lincoln, NE: 4088 SF franchised Back Yard Burger on nearly 2 ac outparcel to Wamart Supercenter and Sam’s Club. Near Nebraska Heart Institute-Heart Hospital. 100% NNN lease with 5-yrs left. NOI $77K/yr. $1.1M. 7% 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.

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