Monday, August 10, 2015

07-17: Popeyes, Big Lots, Office Buildings, Retail Centers, Shopping Centers

Daily Best Commercial Properties

  1. Popeyes in The Colony, TX: 2915 SF franchised drive-thru fast food restaurant built in 1999 on .88 ac lot in fast growing Dallas suburbs. Across from Walmart and adjacent power centers with Ross Dress for Less and Target. On an on/off ramp of I-121. 100% absolute NNN lease with 14-yrs left. NOI $91K/yr with 1.5% annual rent increases. $1.707M. 5.35% cap. Note: flyer not available, full brochure upon request.
  2. Shopping Center in Orlando, FL: 45,921 SF attractive shopping center in a fast growing area. Shadow anchored by high-volume Walmart Supercenter. Good tenant mix: Dollar Tree, Sally Beauty, Cato Fashion, Mattress One, Men in Style, Metro Liquors and Garden Buffet. 76% leased. 8% cap. NOI & Price N/A.
  3. Big Lots in Hickory Hill, TN: 40,396 SF well maintained retail building on over 3 ac lot in growing Memphis suburbs. Close to Hickory Ridge Mall. Tenant has been at this location since 2004. Recently extended lease with 5-yrs left. NOI $145K/yr. $1.614M. 9% cap.
  4. Office Building in Annapolis, MD: 21,325 SF Class-B office building completed in 1999 on 1.67 ac lot in high income (AHI 103K/yr) coastal city in Washington MSA.  Close to Anne Arundel Medical Center and Westfield Annapolis. 100% NNN leased with 8-yrs left. NOI $438K/yr. $5.85M. 7.50% cap.
  5. Retail Building in Savage, MN: 9524 SF retail building constructed in 2004 on over 1 ac lot in growing and high income Minneapolis metro. 100% NNN leased to Advance Auto Parts and AT&T Wireless. NOI $196K/yr. $2.625M. 7.50% cap.
  6. Retail Center in Lewisville, TX: 15,925 SF retail center built in 1998 on 2.37 ac outparcel to Vista Ridge Mall in growing Fort Worth/Dallas suburbs.  Visible from/next to I-35E.  100% leased. NOI $513K/yr. $7.9M. 6.50% cap.
  7. Shopping Center in Fort Myers, FL: 52,680 SF consisting of three retail building on 1.5 ac lot along major retail artery. Across from Edison Mall. 72% leased. $6.5M. NOI N/A.
  8. Retail Center in Walnut , CA: 39,701 SF attractive retail center on over 3 ac lot at a hard corner location in high income Los Angeles suburbs. 87% leased with good tenant mix: retail, office, auto and medical. Actual NOI $644K/yr. $11.8M. 5.46% actual cap. Upside potential.
  9. Office Building in Rocklin, CA: 7050 SF Class-B consisting of three medical and office buildings on .55 ac lot in growing and high income Sacramento suburbs. Close to Hwy-65. 100% leased. NOI $89K/yr. $1.38M. 6.50% cap.
  10. Retail Center in Chicago, IL: 8200 SF attractive retail center built in 2007 on .47 ac lot in a densely populated area. 100% NNN leased with good tenant mix. NOI $127K/yr. $1.376M. 9.24% 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.  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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