08-21: Walgreens, Cash & Carry, Golden Corral, Citibank, Dollar General, Burger King

Daily Best Commercial Properties

Walgreens in Everett, WA: 13,905 SF Walgreens built in 2000 on 1.5 ac outparcel to Fred Meyer Grocery in growing and high income (AHI (AHI $81K/yr) Seattle suburbs. 20 yrs NNN- corp lease with over 4 yrs left. NOI $329K/yr. $5.061M. 6.5% cap. Cash & Carry Smart Food Service in Yuba City, CA: 13,000 SF well maintained single-tenant retail center on 1.5 ac lot along major retail artery. Close to Fremont Medical Center, Yuba Sutter Mall and with easy access to Hwy-99. 100% modified NNN lease with 10 yrs left to Smart & Final Corp. NOI $115K/yr. $1.65M. 7% cap. Golden Corral in Bolingbrook, IL: 14,100 SF buffet & grill restaurant constructed in 2001 on 2.26 ac lot in a growing and upper middle class Chicago metro. Adjacent to ALDI Supermarket. New 12 yrs absolute NNN lease to a successful operator with 8 units. NOI $299K/yr with 7.5% rent increases every 5 yrs. $4.44M. 6.75% cap. Citibank in Hanford, CA: 4816 SF well maintained retail building on .42 ac lot at a signalized intersection in a growing area South of Fresno. 10 yrs NNN lease with over 8 yrs left. NOI $131K/yr with 1.5% annual rent increases. $2.601M. 5.07% cap. Shopping Center in Phoenix, AZ: 24,663 SF shopping center on over 2 ac lot anchored by 17,266 SF Rancho Grande Market at a signalized intersection. Other tenants include: Juarez Boot Western, Haircut Salon, Xela Body Shop Supply and Vitamin Shop. 97% leased with only one vacant unit. NOI $195K/yr. $2.656M. 7.35% cap. Dollar General Grocery in Bakersfield, CA: 18,827 SF renovated single tenant retail building on 2 ac lot at a hard corner location and in a densely populated area.  Close to Bakersfield Memorial Hospital. 15-yrs NNN- corp lease with 13-yrs left. NOI $328K/yr with 10% rent bumps every 5-yrs staring in year 11. $4.689M. 7% cap. Retail Center in Cordova, TN: 15,000 SF attractive retail center built in 2005 on 1.42 ac lot in upper middle class Memphis suburbs. NOI $119K/yr. $1.33M. 9.01% cap. Burger King in Brownsville, TX: 4437 SF well maintained fast food restaurant built in 2003 on 1 ac lot in a growing border city. 100% absolute NNN lease with 4 yrs left to a strong franchisee with over 550 units. NOI $110K/yr with 1% annual rent bumps. $1.629M. 6.75% 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.