Monday, June 29, 2015

06-03: Tire Kingdom, MOB, Retail Centers


Daily Best Commercial Properties

  1.  Retail Center in Clearwater, FL: 8687 SF strip center on .73 ac corner lot along US Hwy-19 in Tampa suburbs. Close to Clearwater Mall. 100% leased. NOI $203K/yr. $2.596M. 7.82% cap.
  2. MOB in Tampa, FL: 4,454 SF single tenant medical office building renovated in 2005 on .45 ac lot. Close to Memorial Hospital of Tampa. 100% NNN lease to Jay J. Garcia MD Weight Loss & Wellness Center with 3 locations in Tampa. NOI $117K/yr. with 3% annual rent bumps.  $1.62M. 7.25% cap.
  3. Tire Kingdom in Saint Petersburg, FL: 5930 SF Tire Kingdom on .37 ac corner lot at a signalized intersection in Tampa suburbs. With easy access to I-275. 100% absolute NNN corp lease with over 4-yrs left. NOI $64K/yr. $1.074M. 6% cap.
  4. MOB in Rocklin, CA: 3416 SF Class-A single tenant medical office building on .36 ac lot in high income Sacramento suburbs. 100% NNN lease with 5-yrs left. $1.265M. NOI N/A.
(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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