Monday, August 10, 2015

7-06: DaVita, McDonald's, La Petite Academy, Bojangles' Famous Chicken 'n Biscuits, Office Buildings


Daily Best Commercial Properties

  1. Shopping Center in Manteca, CA: 54,643 SF attractive shopping center built in 2007 on 5.47 ac corner lot in a growing city. Anchored by 20,000 SF PetSmart, 10,120 SF Homelife Furniture and 6096 SF Sears. Across from the city's primary retail destination Spreckels Park - a 420,000-Square Foot Power Center anchored by Target and Home Depot. Adjacent to 88,000-square foot Food 4 Less supermarket. 92% NNN leased to 12 tenants. Actual NOI $671K/yr. Price reduced from $8.676M to $8.0M. 8.39% actual cap. Just $146/SF!  Upside potential.
  2. DaVita in Sacramento: 15,007 SF dialysis center built in 2011 on 1.97 ac lot.  New 15 yrs NNN- lease.  NOI $234K/yr with 10% rent bumps every 5 yrs.  $4.459M. 5.25% cap.
  3. McDonald's in Jacksonville, FL: 3045 SF drive-thru fast food restaurant on .58 ac outparcel to Winn Dixie Grocery center. Tenant has been at this location since 1997. 100% absolute NNN corp ground lease (land for sale) with 3-yrs left. NOI $44K/yr with 15% rent increases every 5-year option. $975K/yr. 4.6% cap.
  4. La Petite Academy in Greenwood Village, CO: 10,900 SF La Petite Academy on 1 ac corner lot in growing and high income (AHI $81K/yr in a 3 mile ring) Denver suburbs. With easy access to I-225. Recently exercised absolute NNN corp lease with 6-yrs left. NOI $185K/yr. $2.39M. 7.75% cap.
  5. Retail Center in San Jose, CA: 6726 SF well maintained retail center on .57 ac lot at a signalized intersection in high income Silicon Valley with an AHI of $100K/yr in 1 mile radius. 79% NNN leased. Actual NOI $193K/yr. $4M. 4.84% cap.
  6. Shopping Center in Pearland, TX: 67,272 SF attractive shopping center constructed in 2001 on 6 ac lot in growing and affluent (AHI $140K/yr) Houston suburbs. 86% leased. Actual NOI $838K/yr. $11.65M. 7.20% actual cap. Upside potential when fully leased.
  7. Retail Center in Dallas, TX: 31,424 SF retail center on nearly .3 ac lot at a hard corner location. With easy access to I-635. 92% NNN leased to thirteen tenants. NOI $344K/yr. $4.3M. 8.02% cap.
  8. Office Building in Westwood, MA: 101,000 SF Class-B single tenant office building in high income Boston MSA with an AHI of $113K/yr. 100% NNN lease with over 6-yrs left to Steward Health Care Systems, with 3000 physicians, 10 hospital campuses, 24 affiliated urgent care providers, home care, hospice and other services. NOI $1.009M/yr. $13.5M. 7.48% cap.
  9. Office Building in Stockton, CA: 19,315 SF Class-B consisting of thee office buildings on 1.5 ac lot along main retail artery. Close to San Joaquin Delta College and Sherwood Mall. Leased to multiple tenants. Actual NOI $156K/yr. $1.95M.  8% cap.
  10. Bojangles' in Martinez, GA: 2699 SF Bojangles' Famous Chicken 'n Biscuits fast food restaurant renovated in 2009 on .94 ac lot in growing upper middle class Augusta suburbs. 100% NNN lease with 5-yrs left. NOI $148K/yr. $1.995M. 7.43% 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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