Monday, August 10, 2015

07-01: MOB's, Arby's, Tutor Time, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. MOB in Saginaw, MI: 24,663 SF Class-A multitenant medical clinic and surgery center in a growing area. Adjacent to St Mary's of Michigan Hospital and Fashion Square Mall. NOI $350K/yr. $3.765M. 9.30% cap.
  2. Retail Center in Cumming, GA: 12,778 SF five-units retail center constructed in 2004 on 1.25 ac lot in fast growing and high income Atlanta suburbs with an AHI of $107K/yr in a 3 mile radius. Near Hwy-19. 100% leased to Subway, Marco's Pizza, Carriage Cleaners, Jasmine Spa and The Mint Indian Bistro & Bar. NOI $211K/yr. $2.85M. 7.50% cap.
  3. Strip Center in Jonesboro, GA: 9600 SF newer strip center on over 1 ac lot  along major artery in Atlanta suburbs. 100% leased to Moreau's Oven, Metro PCS, Barber Shop and La Potosina Grocery & Bakery. NOI $120K/yr. $1.5M. 8% cap.
  4. Retail Center in Richmond, VA: 21,708 SF retail center built in 2008 on 3 ac lot along main retail corridor. With easy access to I-64. Across from The Shops at White Oak Village, a 955,538 SF Power Center anchored by Target, Lowe's, JCPenney and Sam's Club. 89% leased. Actual NOI $437K/yr. $5.957M. 7.35% cap.
  5. Retail Center in Centerville, OH: 19,722 SF well maintained retail center on 1.80 ac outparcel to Marshall's, Bed Bath & Beyond and Earth Fare in Dayton suburbs. With easy access to I-675. 100% leased. NOI $235K/yr. $2.798M. 8.40% cap.
  6. Strip Center in Riverbank, CA: 6750 SF strip center on .51 ac lot in growing middle class Modesto suburbs. 100% leased. NOI $69K/yr. $1.175M. 6.02% cap.
  7. Retail Center in Houston, TX: 9800 SF attractive retail center on 1.84 ac lot fast growing (422.98% pop growth since 2000) and high income (AHI $104K/yr in a 3 mile ring) area. NOI $171K/yr. $2.2M. 7.7% cap.
  8. MOB in Gretna, LA: 15,920 SF newly renovated single tenant medical office building on over 2 ac lot in New Orleans suburbs. New 10-yrs NN lease to Octapharma Plasma, Inc. with 45 locations across the US. NOI $209K/yr with rent increases every 5-yrs. $2.88M. 7.25% cap.
  9. Arby's in Norcross, GA: 3381 SF well maintained Arby’s Restaurant on .75 ac lot in fast growing Atlanta suburbs.  Across from Lowe’s and close to  I-85. 20 yrs absolute NNN corp lease with 5 -yrs left. NOI $158K/yr with rent increases every 2 yrs. $2.04M. 7.75% cap.
  10. Tutor Time in Sterling Heights, MI: 10,000 SF child care learning center built in 2000 on 1.27 ac lot in Detroit suburbs. 20-yrs NNN corp lease with 5-yrs left. NOI $213K/yr with 4% annual rent increases. $2.585M. 8.24% 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.


David V. Tran
Chief Investment Advisor. CA BRE# 00969014
Transmercial -- Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)

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