08-20: Wendy's, Burger King, Jiffy Lube, Mixed-use, MOB, Office Buildings

Daily Best Commercial Properties

Wendy's in Battle Creek, MI: 2703 SF franchised drive-thru fast food restaurant built in 2004 on over 1 ac lot at a busy retail corridor. Tenant has been at this location since 1998. 100% absolute NNN lease with 12 yrs left to a strong operator with 111 units. NOI $92K/yr with annual CPI rent bumps starting in 2017. $1.549M. 6% cap. Shopping Center in Elgin, IL: 21,564 SF shopping center on 2.5 ac lot in Chicago metro.  Anchored by 7 Eleven and  Old Second Bank.  95% NNN leased.  NOI $270K/yr. Price reduced from $3.75M to $2.995M. 9.04% cap. Burger King in Canton, OH: 3186 SF free-standing Burger King on .48 ac lot on an off/on ramp to I-77.  Adjacent to The Strip, a 674,000 SF Power Center with Walmart, Movie Theater, Lowe's and Giant Eagle grocery.  Close to Kent State University with over 21,000 enrolled students. 10 yrs absolute NNN lease with 7 yrs left. NOI $93K/yr. $1.56M. 6% cap. MOB in Pasadena, TX: 12,144 single tenant medical office building in Houston suburbs. Close to 345-bed Bayshore Medical Center. 20 yrs NNN lease to Doctors Outpatient Surgicenter with 6-yrs left. NOI $274K/yr. $3.731M. 7.35% cap. Shopping Center in Universal City, TX: 65,263 SF well maintained shopping center on 5 ac lot at a signalized corner location in San Antonio metro. 100% leased. 8% cap. NOI N/A. Retail Center in Stockbridge, GA: 21,800 SF eye-catching retail center built in 2002 on 2.58 ac lot along main artery in Atlanta suburbs. Close to 215-bed Piedmont Henry Hospital and I-75. 77% NNN leased with regional and national tenants. Actual NOI $204K/yr. $2.551M. 8% cap. Upside potential when fully leased. Jiffy Lube in Concord, CA: 4170 SF 3-service bay auto center renovated in 2009 on .36 ac lot. In high income (AHI $91K/yr) Contra Costa County. 100% absolute NNN corp lease with 5-yrs left. NOI $135K/yr with 2½% annual rent increases. $2.4M. 5.65% cap.  Office Buildings in Arlington, TX: 66,007 SF consisting of seven office building on over 6 acres of land along major artery in Fort Worth/Dallas suburbs. 95% leased. NOI $541K/yr. $5.4M. 10% cap. Mixed-use in Kent, WA: well maintained office/retail center with excellent visibility in growing middle class Seattle suburbs. 100% leased with long term tenants. NOI $114K/yr. $1.9M. 6% 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.