Monday, August 10, 2015

07-21: Walgreens, Office Building, Meineke Auto Center, Retail Buildings


Daily Best Commercial Properties

  1. Shopping Center in Tyler, TX: 57,610 SF well maintained shopping center on 5.53 ac lot at a major retail artery in fast growing Dallas suburbs. 91% NNN leased to fifteen tenants. Actual NOI $292K/yr. $3.647M. 8.01% actual cap. Upside potential.
  2. Walgreens in San Bernardino, CA: 14,820 SF double drive-thru drugstore built in 2005 on 1.45 ac lot at a hard corner location in fast growing Los Angeles suburbs. Solar panels recently installed by tenant. Close to I-215. 100% absolute NNN lease with 15-yrs left. NOI $306K/yr. $5.774M. 5.30% Cap. Note: Flyer not available full brochure upon request.
  3. Retail Center in Davenport, IA: 8000 SF attractive two-tenant inline retail center built in 2012 at a major retail artery and in a high income area. With easy access to I-74. Shadow anchored by ALDI Grocery & Dick's Sporting Goods. Across from Super Target. 100% NNN leased to Verizon Wireless and Plato's Closet. NOI $158K/yr. $2.271M. 7% cap.
  4. Office Building in Ann Arbor, MI: 22,293 SF Class-B multitenant office building on over 2 ac lot at a highly visible location. 100% NNN leased with excellent long-term tenant mix. NOI $297K/yr. $4.1M. 7.25% cap.
  5. Retail Center in San Jose, CA: 5867 SF well maintained retail center on .45 ac lot at a hard corner location. Across from Walmart Supercenter. With easy access to I-280 and Hwy-101. 100% leased to seven tenants. NOI $189K/yr. $3.5M. 5.40% cap.
  6. Shopping Center in Tallahassee, FL: 40,204 SF well kept shopping center on 5 ac lot in a high income neighborhood with an AHI of $100K/yr in 1 mile. Across from Super Walmart. 62% leased. Actual NOI $418K/yr. $5.25M. 7.98% actual cap. Upside potential when fully leased.
  7. Meineke in Gainesville, GA: 4500 SF auto center built in 2004 on .70 ac lot in a fast growing area. New 10-yrs NNN lease to an experienced operator. NOI $78K/yr. $1.2M. 6.50% cap.
  8. Strip Center in Las Vegas, NV: 7621 SF eye-catching strip center constructed in 2008 on .60 ac lot along busy retail corridor. Only one vacancy. NOI $145K/yr. $1.62M. 9% cap.
  9. Shopping Center in Moreno Valley, CA: 36,175 SF shopping center on over 3 ac lot in growing Riverside County. Anchored by dd's Discounts and Dollar Tree. Near Hwy-60. 100% leased. NOI $227K/yr. $4.7M. 4.85% cap.
  10. Retail Center in Plainfield, IL: 8010 SF retail center in growing (pop growth 274% since 2000) and affluent (AHI $138K/yr in a 3 mile ring) Chicago suburbs. Excellent tenant mix: Edward Jones, Sherwin Williams, Kumon & EDO Cleaners. Shadow anchored by Kohl's & CVS Pharmacy.  100% NN leased. NOI $145K/yr. $2.012M. 7.25% 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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