Monday, August 10, 2015

07-07: Just Brakes, LA Fitness Center, 24 Hour Fitness Center, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Retail Center in Pittsburg, CA: 8758 SF well kept strip center on ½ ac lot at a signalized corner location and along main thoroughfare in a city East of San Francisco. Adjacent to major center with CVS Pharmacy, Foods Co Grocery Store and Dollar Tree. 80% NNN leased. Actual NOI $85K/yr. $1.35M. 6.36% actual cap. Upside potential.
  2. Just Brakes in Tampa, FL: 4,757 SF completely renovated auto brake service center on .65 ac lot along retail corridor. New 15-yrs NNN lease. NOI $122K/yr with 10% rent increases every 5-yrs. $1.96M. 6.25% cap.
  3. Retail Building in Lansing, IL: 8480 SF built-to-suit retail building built in 2014 on .79 ac lot at a signalized corner location in growing Chicago suburbs. 100% NNN leased to O'Reilly Auto Parts and Currency Exchange. NOI $146K/yr. $2.433M. 6% cap.
  4. Retail Center in Orland Park, IL: 7000 SF attractive retail center on .79 ac lot along major retail corridor in high income Chicago suburbs. Adjacent to Orland Square Mall. 100% NNN leased to Jimmy John's, Spring and Naf Naf Grill. NOI $177K/yr. $2.532M. 7% cap.
  5. Retail Center in Daytona, FL: 25,820 SF attractive retail center constructed in 2006 on 2 ac lot. Close to Walmart Supercenter. 87% occupied by medical, professional and retail tenants. Actual NOI $204K/yr. $2.4M. 8.53% cap.
  6. LA Fitness in Naples, FL: 31,580 SF Fitness Center completed in 2004 on 8 acres of land in affluent (AHI $115K/yr) area. Near I-75. 15-yrs NNN corp lease with 8-yrs left. NOI $732K/yr. $9.154M. 8% cap.
  7. Retail Center in Cary, NC: 27,000 SF well maintained retail center constructed in 1999 on over 3 ac lot in growing upper middle class Raleigh suburbs. All units face main corridor. 100% leased. NOI $299K/yr. $4.1M. 7.30% cap.
  8. Shopping Center in North Saint Paul, MN: 46,031 SF well kept shopping center on over 3 ac lot in Minneapolis suburbs. Adjacent to Target and close to Hwy-36. 92% leased. NOI $381K/yr. $4.5M. 8.48% cap.
  9. 24 Hour Fitness in Overland Park, KS: 15,700 SF state-of-the-art 24 Hour Fitness center on 2 ac lot in Kansas City suburbs. 100% NNN corp lease with over 10-yrs left. NOI $459K/yr with 10% rent increases every 5-yrs. $6.568M. 7% cap.
  10. Shopping Center in Memphis, TN: 51,562 SF attractive shopping center along main corridor with a mix of national and local tenants including Family Dollar. Shadow anchored by Big Lots. Close to Hickory Ridge Mall. 100% leased. NOI $226K/yr. $2.75M. 8.23% 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.  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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