05-28: Furr's Buffet Restaurant, Retail Centers, Shopping Centers, Professional Buildings

Daily Best Commercial Properties

Shopping Center in Midlothian, IL: 60,392 SF shopping center renovated in 2008 on 9 ac lot at a signalized corner location in upper middle class Chicago suburbs. Notable tenants include: Charter Fitness, White Castle, Subway, H&R Block and State Farm. 75% NNN leased. Actual NOI $489K/yr. $6.12M. 8% actual cap. Upside potential. Retail Center in Smithtown, NY: 9985 SF nine units well kept retail center on 1.30 ac corner lot in high income (AHI $113K/yr) New York suburbs. Excellent tenant mix: Subway, Medical Office, Liquor Store, Nail Salon, Hair Salon, Deli, Chinese Restaurant & Convenience Store. Only one vacancy. NOI $185K/yr. $2.95M. 6.30% cap. Professional Building in Houston, TX: 33,391 SF medical/office building renovated in 2009 on 2 ac lot along busy retail artery. Close to Cypress Fairbanks Medical Center and Kindred Hospital. 65% leased. Actual NOI $214K/yr. $3.069M. 7% actual cap. Upside potential. Shopping Center in San Antonio, TX: 30,804 SF attractive shopping center on over 3 ac lot at a major retail artery in a fast growing area. Close to North Star Mall and I-410. 100% leased. NOI $398K/yr. $5.5M. 7.25% cap. Furr’s Buffet in Lubbock, TX: 11,079 SF well maintained family buffet restaurant on 1.85 ac lot on an off/on ramp of Hwy-289. Tenant has been at this location since 1986. 100% NNN lease with 7-yrs left to a strong regional operator with 25 units. NOI $174K/yr. $2.32M. 7.50% cap.   Retail Center in Naples, FL: 25,750 SF retail center built in 1992 on 1.59 ac lot at a hard corner location in a high income area. Across from The Mercato, a premier mixed-use lifestyle retail center. 100% leased. NOI $427K/yr. $6.5M. 6.58% cap. Retail Center in Sugar Land, TX: 14,632 SF retail center attractive retail center on 1.77 ac lot in fast growing and upper middle class Houston suburbs. Along Hwy-6. 100% leased. NOI $248K/yr. $3.313M. 7.50% cap. Retail Center in Livonia, MI: 19,311 SF retail center at a signalized intersection in high income (AHI $87K/yr in a 3 mile ring) Detroit suburbs. Across from 304-bed St. Mary Mercy Hospital. 90% NNN leased. NOI $238K/yr. $2.781M. 8.59% 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.