Thursday, September 10, 2015

08-27: Retail Center, Walgreens, Office Buildings, Shopping Centers


Daily Best Commercial Properties

  1. Retail Center in Cordova, TN: 13,200 SF retail center constructed in 1999 on 1.36 ac lot in upper middle class Memphis suburbs. Adjacent to Walmart Supermarket and Target. 82% leased. NOI $107K/yr. $1.265M. 8.50% cap.
  2. Retail Building in Suisun City, CA: 6580 SF attractive retail building completed in 2005 on .80 ac outparcel to Rite Aid center at a signalized corner location in high income Solano County. Across from Raley's grocery and Dollar Tree center. Close to Hwy-12. 100% NNN leased to Starbucks and O'Reilly Auto Parts. NOI $159K/yr. $3M. 5.30% cap.
  3. Retail Center in Brandon, FL: 11,445 SF well maintained retail building on 1 ac lot in Tampa suburbs. Close to Brandon Regional Hospital. NOI $122K/yr. $1.675M. 7.32% cap.
  4. Walgreens in Tucson, AZ: 15,525 SF drive-thru drug store built in 2005 on over 2 ac lot at a hard corner location. Tenant has been at this location for over 20-yrs. 100% NNN- corp lease with 5 yrs left. NOI $133K/yr. $1.906M. 7% cap.
  5. Walgreens in Dallas, TX: 13,905 SF drive-thru pharmacy on 1.38 ac lot at a signalized intersection. Across from center with Fiesta Mart, dd's Discounts. Adjacent big-box tenants include: Target, Walmart Supercenter, JCPenney and Home Depot.100% NNN corp lease with 4-yrs left. NOI $292K/yr. $3.893M. 7.50% cap.
  6. Office Building in Tustin, CA: 17,978 SF Class-B office building on 1.55 ac lot at a hard corner location in high income Los Angeles suburbs with an AHI of $110K/yr. 100% leased to nine tenants. NOI $274K/yr. $4.5M. 6.10% 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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