Monday, August 10, 2015

07-09: Breckenridge Ale House, Golfsmith, 24 Hour Fitness, Walgreens, MOB, Retail Center


Daily Best Commercial Properties

  1. Shopping Center in West Bloomfield, MI: 80,349 SF recently renovated shopping center on over 9 ac corner lot in high income Detroit suburbs. Major tenants include: high-end Busch's Fresh Food Market with 15 locations, Paws & Claws, Flagstar Bank, Spositas and Honeybaked Ham. 97% NNN leased. NOI $1.099M/yr. $15M. 7.33% cap.
  2. Retail Center in Las Vegas, NV: 10,480 SF well maintained strip center on .85 ac lot. Adjacent to UNLV's Thomas & Mack Center and near The Hard Rock Hotel & Casino. 92% leased to five tenants including 7-Eleven. NOI $180K/yr. $2.55M. 7.08% cap.
  3. Breckenridge Ale House in Grand Junction, CO: 7,803 SF well maintained bar and restaurant on .69 ac lot in a growing area. Adjacent to350-bed St. Mary’s Hospital and Regional Medical Center.  New 20-yrs absolute NNN lease. NOI $228K/yr. $3.508M. 6.50% cap.
  4. Golfsmith in Altamonte Springs, FL: 14,920 SF single tenant retail building constructed in 1992 on 1.40 ac lot along main retail corridor in Orlando suburbs. Close to Altamonte Mall and with easy access to I-4. Tenant has been at this location since 2005. Recently extended NNN lease with 5-yrs left. NOI $377K/yr. $4.718M. 8% cap.
  5. Mixed-use in Gurnee, IL: 102,902 SF retail, office and flex property on over 6 ac lot in Chicago suburbs. 98% leased with a mix of national, regional and local tenants. Actual NOI $535K/yr. $6M. 8.92% cap.
  6. 24 Hour Fitness in Fort Worth, TX: 37,500 SF attractive fitness center built in 2008 on over 6 ac lot. Part of 228,000 SF Power Center. With easy access to I-820. 15-yrs NNN- corp lease with 9 yrs left. NOI $843K/yr with 12.5% rent bumps every 5-yrs. $11.5M. 7.34% cap.
  7. Strip Center in Country Club Hills, IL: 5406 SF attractive strip center constructed in 2007 on 1.19 ac outparcel to Walmart Supercenter in growing middle class Chicago suburbs. 100% NNN leased. NOI $201K/yr. $2.168M. 9.31% cap.
  8. Retail Center in Mesa, AZ: 27,549 SF well kept retail center on 2.67 ac lot in Phoenix suburbs. Across from Mesa Community College and Target, Close to Banner Desert Medical Center and Fiesta Mall. 87% leased. Actual NOI $324K/yr. $4.64M. 7% cap.
  9. Walgreens in Dallas, TX: 13,905 SF drive-thru pharmacy built in 1998 on 1.38 ac lot at a signalized intersection. Across from center with Fiesta Mart, dd's Discounts. Adjacent big-box tenants include: Target, Walmart Supercenter, JCPenney and Home Depot.100% NNN corp lease with 4-yrs left. NOI $292K/yr. $3.893M. 7.50% cap.
  10. MOB in Independence, KY: 5350 SF Class-A medical office building constructed in 2009 on .62 ac lot in growing and upper middle class Cincinnati MSA. 100% NNN lease to an urgent care center and dental office. NOI $90K/yr. $1M. 9% 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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