Wednesday, September 9, 2015

08-24: BRAKEmax, Midas, MOB, Wendy's, Retail Centers


Daily Best Commercial Properties

  1. BRAKEmax in Tucson, AZ: 4780 SF single tenant auto center on .73 ac outparcel to Target shopping center in a high income area. New 20 yrs absolute NNN corp lease. NOI $116K/yr with 7.5% rent increases every 5 yrs. $1.933M. 6% cap.
  2. Retail Center in Austin, TX: 9990 SF attractive strip center on an outlot to Walmart Supercenter. Across from The Shops At Tech Ridge, with Ross Dress for Less, PetSmart, Target, Hobby Lobby and Sears. With easy access to I-35. NNN leased to six tenants: AT&T, GameStop, Sport Clips, Jackson-Hewitt, Cartridge World and French Quarter Grille. NOI $238K/yr. $3.53M. 6.75% cap.
  3. Retail Center in Glenwood, IL: 26,004 SF retail center on 2 ac lot in high income Chicago suburbs. Across from newer Walmart Center. 87% NNN leased with only one vacancy. NOI $415K/yr. $4.95M. 8.4% cap.
  4. Midas in Orange Park, FL: 4200 SF well maintained auto service & tires center on .34 ac lot along main retail corridor in Jacksonville suburbs. Close to Orange Park Mall. 100% absolute NNN lease with 3 yrs left. NOI $90K/yr. $1.133M. 85 cap.
  5. MOB in Atlantis, FL: 6500 SF Class-A single tenant medical office building completed in 2005 on .54 ac lot adjacent to JFK Medical Center. In a growing area North of Fort Lauderdale. 100% leased. NOI $424K/yr. $5.1M. 8.33% cap.
  6. Wendy's in Ontario, CA: 3260 SF Wendy's fast food restaurant built in 2004 on .76 ac lot at a hard corner location in San Bernardino County. Close to Ontario Convention Center and with easy access to I-10. 100% absolute NNN corp ground lease (land for sale) with 4 yrs left.  NOI $82K/yr. NOI $82K/yr. $1.564M. 5.25% cap.
  7. Retail Buildings in Glendora, CA: 14,882 SF single tenant and 6,000 SF multi-tenant retail buildings built in 2002 on over 2 ac lot at a hard corner location in growing and upper middle class Los Angeles suburbs. Major tenant: 99 Cents Only. 100% NNN leased. NOI $519K/yr. $8.3M. 6.26% cap.
  8. Shopping Center in Simi Valley, CA: 25,875 SF consisting of three well maintained retail buildings on 2.37 ac lot along main retail corridor in high income Southern California with an AHI of $101K/yr in a 3 mile ring. 91% leased. NOI $555K/yr. $7.5M. 7.41% cap.
  9. Retail Center in Wesley Chapel, FL: 17,150 SF retail center built in 2010 on over 3 ac lot in Tampa MSA. 100% leased to Florida Hospital, Dolce Gelato, Seal Swing School, Pro Martial Arts, Solecity Sneaker Boutique, The Perfect Haircut, China Gourmet and Vania Cafe & Deli. NOI $220K/yr. $2.975M. 7.40% cap.
  10. MOB in Springfield, IL: 17,680 SF Class-B multitenant medical office building constructed in 1998 on 1.63 ac lot in a middle class Capital city.  Anchored by DaVita Dialysis, currently in negotiation for a 10 yr lease renewal. 100% leased. NOI $162K/yr. $1.969M. 8.25% 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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