Monday, June 29, 2015

06-05: Buffalo Wild Wings, Denny's, Family Dollar, Jimboy's Tacos, Shopping Centers


Daily Best Commercial Properties

  1. Buffalo Wild Wings in Columbia, SC: 6,472 SF restaurant built in 2010 on 1.33 ac outparcel to Wal-Mart Supercenter at a major retail artery.  Near Village at Sandhill in high income (AHI $93K/yr) area. 100% absolute NNN corp lease with 5 yrs left. NOI $167K/yr. $2.57M. 7.25% cap.
  2. Denny’s in Palmdale, CA: 5214 SF Denny’s Restaurant constructed in 1999 on .68 ac outparcel to Antelope Valley Mall in growing Southern California. With easy access to Hwy-14. 20-yrs NNN lease with over 18-yrs left. NOI $149K/yr with 10% rent bumps every 5-yrs. $2.857M. 5.25% cap.
  3. Family Dollar in Cape Cora, FL: 9248 SF single tenant retail building renovated in 2012 on .69 ac lot along main corridor. 100% NNN lease with 7-yrs left. NOI $116K/yr. $1.666M. 7% cap.
  4. Jimboy’s Tacos in Folsom, CA: 3480 SF well maintained Mexican restaurant on .77 ac outparcel to Lowe’s & Trader Joe’s in high income Sacramento suburbs. Adjacent to Target and HomeGoods, Walmart and Kohl’s. New 15-yrs NNN lease to a strong regional operator with 41 units. 91K/yr with 10% rent increases every 5-yrs. $1.52M. 6% cap.
  5. Shopping Center in Stone Mountain, GA: 51,328 SF shopping center on over 5 ac lot at a hard corner location in Atlanta suburbs. Major tenant include: Dollar General, Rent-A-Center, Waffle House, Little Caesars, Subway and C & C Beauty Supply. NOI $493K/yr. $6.95M. 7.11% 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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