Wednesday, August 12, 2015

07-29: Just Brakes, Walgreens, MOB, Academy Sports + Outdoors, Shopping Centers


Daily Best Commercial Properties

  1. Just Brakes in Castle Rock, CO: 4020 SF auto center constructed in 2009 on .47 ac lot along major retail artery. Across from Target and close to Walmart Supercenter and Outlets at Castle Rock. 100% absolute NNN corp lease with 17-yrs left. NOI $107K/yr with 2% annual rent bumps starting in yr 6. $1.652M. 6.50% cap. Note: flyer not available full brochure upon request.
  2. Shopping Center in Plano, TX: 42,042 SF attractive shopping center built in 2001 on 4.56 ac lot in high income Dallas suburbs with an AHI of $108K/yr. Across from Walmart Supercenter. 95% NNN leased. Actual NOI $510K/yr. $6.809M. 7.50% actual cap. Upside potential.
  3. Walgreens in Morgan Hill, CA: 15,120 SF attractive drug store constructed in 2002 on 1.57 ac lot in high income (AHI $115K/yr) Silicon Valley suburbs. Adjacent to Trader Joe's and across from Home Depot, CVS Pharmacy and Safeway. On an off/on ramp of Hwy-101. 100% NNN leased with 7-yrs left. NOI $399K/yr. $7.275M. 5.50% cap.
  4. Shopping Center in Cape Coral, FL: 79,210 SF shopping center on 3 ac lot anchored by TJ Maxx and Planet Fitness along major retail artery. Near Walmart Supercenter. 94% NNN leased. Actual NOI $588K/yr. $7.847M. 7.50% cap.
  5. MOB in Allentown, PA: 26,528 SF Class-B multitenant medical office building on 2 ac lot in growing and upper middle class Philadelphia MSA. 100% leased. NOI $352K/yr. $4.7M. 7.50% cap.
  6. Shopping Center Saint Petersburg, FL: 51,619 SF well maintained shopping center on over 4 ac lot with excellent visibility. National l tenants include ALDI Grocery and DaVita Dialysis. Easy access to I-275.  97% leased. NOI $372K/yr. $4.545M. 8.20% actual cap. Upside potential.
  7. Neighborhood Center in Wichita, KS: 86,629 SF well kept shopping center on 7.46 ac lot in a growing middle class area. Major tenants include: Aaron's Rent to Own, Dollar Tree, Goodwill, Domino's Pizza, Sally Beauty Supply and Dollar General. 92% leased. Pro forma NOI $516K/yr. $6.2M. 8.35% pro forma cap.
  8. Academy Sports + Outdoors in San Antonio, TX: 52,670 SF single tenant retail building on 3.77 ac lot a highly visible location. On an off/on ramp of I-410. 100% NNN lease with 4-yrs left. NOI $368K/yr. $4.468M. 8.25% cap.
  9. Walgreens in Indianapolis, IN: 15,120 SF drive-thru drug store completed in 2001 at a hard corner location. Close to I-74/465. 100% NNN corp lease with 5-yrs left. NOI $285K/yr. $3.8M. 7.50% cap.
  10. Retail Center in Huntington Park, CA: 16,332 SF attractive retail center on over 1 ac outparcel to Home Depot in densely populated Los Angeles suburbs. 100% leased. NOI $335K/yr. $6.1M. 5.50% 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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