Monday, August 31, 2015

08-17: Tire Kingdom, KFC, MOB, Office Buildings, Retail Centers


Daily Best Commercial Properties

  1. Neighborhood Center in Stockton, CA: 104,812 SF well maintained shopping center on over 8 ac lot anchored by 61,797 SF Raley's Grocery along main corridor. 87% NNN leased with good tenant mix including: AutoZone, Little Caesars, Great Clips and McDonalds. Actual NOI $1.266M/yr. $18.65M. 6.79% cap.
  2. Office Building in Sacramento, CA: 60,133 SF Class-B multitenant office building on 3.37 ac lot in a growing middle class area. 93% leased to several legal and medical practices. NOI $519K/yr. $6.45M. 8.05% cap.
  3. Office Building in Phoenix, AZ: 37,171 SF Class-B office building on 1.77 ac lot. Across from Sam's Club and near Hwy-51. 86% leased. NOI $286K/yr. $3.45M. 8.30% cap.
  4. Retail Center in Kennesaw, GA: 39,168 SF attractive retail center on 6.70 ac outparcel to Town Centre at Cobb in fast growing Atlanta suburbs. With easy access to I-75 and I-575. 92% leased. Actual NOI $358K/yr. $4.4M. 8.15% cap. Upside potential.
  5. Strip Center in Columbia, SC: 10,908 SF well maintained strip center on .64 ac lot at a hard corner location. Across from Columbia Place Mall. 100% NNN leased. NOI $105K/yr. $1.15M. 9.15% cap.
  6. MOB in Chicago, IL: 19,222 SF Class-B medical office building close to I-290. 97% NNN leased to multiple tenants. NOI $127K/yr. $1.5M. 8.50% cap.
  7. Tire Kingdom in Saint Petersburg, FL: 7689 SF single tenant auto center on .60 ac lot along busy artery. 100% absolute NNN corp lease with 4.5 yrs left. NOI $76K/yr. $1.054M. 7.25% cap.
  8. KFC in Wichita, KS: 2298 SF fast food restaurant adjacent to Kmart. Near Towne West Square Mall and I-235. 100% absolute NNN lease with 14 yrs left. NOI $78K/yr with 10% rent increases every 5 yrs. $1.2M. 6.50% cap.
  9. Shopping Center in Houston, TX: 26,439 SF eye-catching shopping center on 2.61 ac lot in fast growing and affluent area with an AHI of $121K/yr in a 1 mile ring. 85% leased. NOI $464K/yr. $6.19M. 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.
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