Monday, August 10, 2015

07-08: Rite Aid, Red Lobster, Jimmy John's, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Retail Center in Rancho Mirage, CA: 7350 SF attractive retail center built in 2004 on over 1 ac outparcel to Regal Cinemas in high income (AHI $92K/yr in a 3 mile ring) Southern California. Across from Costco and adjacent to Walmart, Sam's Club and Home Depot. Near I-10. 100% NNN leased by four tenants. NOI $183K/yr. $3.1M. 5.92% cap.
  2. Retail Center in Cumming, GA: 12,778 SF newly constructed retail center in affluent Atlanta metro with an AHI of $115K/yr. Tenants include: Subway, Marco's Pizza, Carriage Cleaners, Jasmine Spa and The Mint Indian Bistro & Bar. 100% NNN leased. NOI $211K/yr. $2.85M. 7.41% cap.
  3. Shopping Center in Maple Grove, MN: 61,773 SF consisting of eight retail and medical buildings completed in 2007 in growing and high income (AHI $113K/yr in 3 miles) Minneapolis suburbs. Adjacent to Maple Grove Hospital, Home Depot and Target. Major tenants include: DaVita, Chipotle, Subway, GNC, Liberty Mutual and Great Clips. 75% leased. Actual NOI $945K/yr. $13.5M. 7% actual cap. Upside potential.
  4. Retail Center in Warner Robins, GA: 20,400 SF L-shaped retail center built in 2006 on 2 a lot in fast growing middle class area. Close to Galleria Mall. 92% leased to nine tenants. Pro forma NOI $169K/yr. $2.3M. 7.36% cap.
  5. Red Lobster in Montclair, CA: 6233 SF well maintained Red Lobster Restaurant on .30 ac outparcel to 1.3M SF Montclair Plaza Mall in Southern CA. With easy access to I-10. Tenant has been at this location 31 years. Recently extended absolute NNN 5-yrs lease. NOI $159K/yr. $2.9M. 5.50% cap. Store with strong sales revenue.
  6. Rite Aid in Fresno, CA: 16,320 SF Drive-thru Rite Aid Pharmacy on 5.84 ac lot at a hard corner location. 100% NNN lease with 5-yrs left. NOI $350K/yr. $6M. 5.84% cap.
  7. Retail Center in Fort Worth, TX: 42,004 SF well maintained retail center on 4 ac lot along main retail corridor. Major tenants include: EZ Money Payday Loans, Schlotzky's Deli, Century 21, Supercuts, H & R Block, Little Caesar's, State Farm and Cousin's BBQ. 91% leased. NOI $331K/yr. $3.881M. 8.53% cap.
  8. Retail Center in Linden, NJ: 43,084 SF attractive retail center at a busy intersection in high income New York suburbs. 90% leased with mostly long-term tenants. Actual NOI $408K/yr. $5.7M. 7.17% actual cap.
  9. Retail Center in Corpus Christi, TX: 17,429 SF retail center on 1.64 ac lot in growing and high income (AHI $109K/yr) neighborhood. 88% NNN leased. Actual NOI $234K/yr. $2.838M. $8.25% actual cap.
  10. Jimmy John's in Moore, OK: 2322 SF Jimmy John's built in 2013 on .56 ac lot in Oklahoma City suburbs.  Adjacent to Power Center with PetSmart, Bed Bath & Beyond and Office Depot. With easy access to I-35. Brand new 15-yrs absolute NNN lease. NOI $90K/yr with 1% annual rent increases. $1.44M. 6.25% 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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