Tuesday, August 11, 2015

07-28: O'Reilly's Auto Parts, Starbucks Coffee, KFC, Reasor's, MOB, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in Los Banos, CA: 26,457 SF shopping center built in 2005 in growing San Joaquin Valley. Shadow anchored by Food 4 Less and Family Dollar. Major tenants include: Check into Cash, Aaron's, Panda Express, H&R Block & Leslie's Pools. 96% NNN leased. Pro forma NOI $322K/yr. $4.7M. 7.08% pro forma cap.
  2. Retail Center in Miami, FL: 20,385 SF well maintained retail center on 2.70 ac lot at a highly visible corner location. 100% leased. NOI $212K/yr. $2.7M. 7.88% cap.
  3. O'Reilly Auto Parts in Oakley, CA: 8037 SF auto parts center on .78 ac lot at a signalized corner location in Contra Costa County. 100% NNN lease with over 11 yrs left. NOI $156K/yr with 8% rent increases every 5 yrs. $2.985M. 5.25% cap.
  4. Retail Center in Lansing, IL: 22,315 SF attractive retail center along main retail corridor in Chicago suburbs. Between River Oaks Center and I-80/294. 100% leased with good tenant mix. NOI $278K/yr. $2.9M. 9.62% cap.
  5. Starbucks Coffee in Affton, MO: 1915 SF brand new Starbucks Coffee on .53 ac lot at a hard corner location in St. Louis MSA. New 10 yrs NNN- corp lease. NOI $95K/yr with 10% rent increases every 5 yrs. $1.809M. 5.25% cap.
  6. KFC in Sioux Falls, SD: 3309 SF fast food restaurant fully remodeled in 2007 on .70 ac lot along busy retail corridor. Close to I-29. New 20-yrs absolute NNN lease to an experienced franchisee. NOI $106K/yr with 7.5% rent bumps every 5 yrs. $1.574M. 6.75% cap. 
  7. MOB in Wichita, KS: 7663 SF medical office building constructed in 2004 on nearly 1 ac lot in a high income (AHI $127K/yr) area. 100% NNN leased to Cohlmia Eye Center and Concierge Medicine of Wichita. NOI $144K/yr. $1.8M. 8.04% cap.
  8. Reasor's in Bixby, OK: 74,889 SF Reasor's Grocery Store completed in 2012 at a main retail artery in affluent Tulsa suburbs with an AHI of $113K/yr. Adjacent to Lowe's and Walmart Supercenter. 100% absolute NNN corp lease to a regional operator with 18 locations. NOI $768K/yr. $10.978M. 7% cap.
  9. Retail Center in Colorado Springs, CO: 12,000 SF well kept retail center on over 1 ac corner lot in a high income area. Across from 1,159,187 SF Chapel Hills Mall.  100% leased. NOI $176K/yr. $2.62M. 6.75% cap.
  10. MOB in Petaluma, CA: 7778 SF Class-b multitenant medical office building constructed in 1991 on .88 ac lot in high income area (AHI $93K/yr in a 3 mile radius) North of San Francisco. Adjacent to Petaluma Valley Hospital and The Plaza North with Kmart, Raley's and Trader Joe's. 100% NNN leased with good tenant mix including St. Joseph's Healy System. NOI $238K/yr. $4.768M. 5% 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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