Monday, August 10, 2015

07-15: IHOP, Tire Kingdom, Jack in the Box, HomeGoods, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Shopping Center in Phoenix, AZ: 21,219 SF consisting of three retail buildings on 1.37 ac lot along main corridor and at a signalized intersection. Shadow anchored by 99 cents Only. Adjacent to Home Depot. 93% NNN leased. NOI $245K/yr. Price reduced from $3.063M to $2.955M.  8.30% cap.  Note: Flyer not available, full brochure upon request.
  2. Retail Center in Pflugerville, TX: 19,422 SF attractive retail center constructed in 2005 on over 3 ac lot in growing Austin suburbs. Close to I-35. Tenants include: Mr. Gattis Pizza, Grand Avenue Pharmacy, St. David's Physicians, Deluxe Cleaners, Hair Salon, Best Nails, Mexican Restaurant and Last Call Sport Bar. 92% NNN leased. NOI $318K/yr. $4.9M. 6.50% cap.
  3. Retail Building in El Cajon, CA: 3990 SF attractive retail building completed in 2001 on nearly 1 ac lot at a hard corner location in growing San Diego metro. Adjacent to Parkway Plaza, Target, Food 4 Less and Home Depot. With easy access to Hwy-67 and I-8. 100% NNN leased to Del Taco and Jersey Mike's Subs. NOI $184K/yr. $3.85M. 4.79% cap.
  4. IHOP in Clearwater, FL: 4424 SF well maintained franchised restaurant along Hwy-19 in Tampa suburbs. Adjacent to Super 8 and next to Walmart Supercenter. 10-yrs NNN lease with 9-yrs left. NOI $82K/yr. $1.3M. 6.34% cap.
  5. Tire Kingdom in Saint Petersburg, FL: 7,689 SF auto center on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 3-yrs left. NOI $73K/yr. $1.054M. 7% cap.
  6. Jack in the Box in Tucson, AZ: 1950 SF freestanding fast food restaurant on .51 ac corner lot. Near Carondelet St Mary's Hospital and I-10. 100% absolute NNN lease with over 10-yrs left to a strong operator with 26 units. NOI $105K/yr. $1.838M. 5.75% cap.
  7. Office Building in San Leandro, CA: 25,015 SF consisting of two well kept multitenant office buildings in upper middle class area East of San Francisco.  80% leased. NOI $179K/yr. $2.55M. 7.02% cap.
  8. Retail Center in Loveland, OH: 17,592 SF attractive retail center built in 2005 on nearly 2 ac lot in affluent (AHI $124K/yr) Cincinnati suburbs. 100% NNN leased with excellent tenant mix. NOI $197K/yr. $2.6M. 7.58% cap.
  9. HomeGoods in Tracy, CA: 24,000 SF recently renovated single tenant retail building on over 2 ac lot in growing San Joaquin County. Adjacent to West Valley Mall, Tracy Pavilion and I-205. 100% NNN lease with 8-yrs left to Home Goods (owned by TJ Maxx). NOI $287K/yr. $5.75M. 5% cap.
  10. Strip Center in Raleigh, NC: 10,000 SF retail center on 1 ac lot along busy retail artery. Close to Walmart, Marshalls, and Ross Dress for Less. NNN leased. NOI $142K/yr. $1.9M. 7.50% 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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