Wednesday, September 2, 2015

08-19: Dollar Tree, Buffalo Wild Wings, Fresenius, Retail Centers, MOB


Daily Best Commercial Properties

  1. Strip Center in West Palm Beach, FL:12,461 SF well maintained strip center along busy corridor. 100% leased. NOI $120K/yr. Price reduced from $1.5M to $1.468M. 8.20% cap.
  2. Dollar Tree in Morrow, GA: 10,900 SF recently renovated retail building on 2.5 ac lot at a signalized intersection in growing middle class Atlanta metro. New 10-yrs NNN corp lease. NOI $103K/yr. $1.535M. 6.75% cap.
  3. MOB in West Jordan, UT: 18,130 SF Class-B multitenant medical office building completed in 2007 on 1.41 ac lot in Salt Lake City suburbs. Adjacent to 1,8000,000 SF Jordan Landing with Target, Super Walmart, Sam's Club, TJ Maxx, Lowe's, Cinemark, Ross Dress for Less and more. 100% NNN leased with quality tenants. NOI $221K/yr. $2.95M. 7.50% cap.
  4. Retail Center in Waukegan, IL: 12,430 SF retail center along main artery in Chicago MSA. Across from Target Super Center and Jewel-Osco grocery center. NNN leased with good tenant mix including; BMO Harris Bank land EZPAWN. NOI $190K/yr. $2.535M. 7.50% cap.
  5. Retail Center in San Jose, CA: 5408 SF attractive retail center built in 2004 along busy artery in upper middle class Silicon Valley. 100% NNN leased to eight tenants. NOI $176K/yr. $3.524M. 5% cap.
  6. Shopping Center in Orland Park, IL: 40,207 SF well maintained shopping center on over 3 ac lot along main retail corridor & in a high income area. Adjacent to Jewel-Osco grocery, across from Target and Lowe's. Close to Walmart Supercenter. 90% NNN leased. NOI $341K/yr. $4.75M. 7.18% cap.
  7. Buffalo Wild Wings in Weslaco, TX: 7286 SF sport-bar restaurant built in 2009 on .87 ac outparcel to Ross Dress for Less, Bealls and Dollar Tree. Adjacent to Cinemark Movie Theater. On an off/on ramp of I-2. 15 yrs absolute NNN lease with 9 yrs left. NOI $272K/yr with 10% rent bumps every 5 yrs.  $3.892M. 7% cap.
  8. Fresenius in Muskegon, MI: 6568 SF Class-A dialysis center on nearly 1 ac lot. Close to Walmart Supercenter and Meijer grocery. 100% NNN lease with 2 yrs left. NOI $84K/yr. $999K. 8.50% 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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