Tuesday, September 15, 2015

09-01: Big 5 Sporting Goods, CVS, MOB, Dollar General, Shopping Centers


Daily Best Commercial Properties

  1. Retail Center in Atwater, CA: 9909 SF attractive retail center built in 2006 at a signalized intersection. 100% NNN lased to Travis Credit Union, Jantz CafĂ© and Bakery, ProfessioNails and Miranda’s Thrift Shop. NOI $197K/yr. $2.817M. 7% cap. NOTE: Flyer not available, full brochure upon request.
  2. Retail Center in Katy, TX: 20,000 SF retail center constructed in 2005 on 1.66 ac outparcel to 24-hour Walmart Supercenter. At a major signalized intersection and in a growing upper middle class Houston suburbs. 88% NNN leased. Actual NOI $377K/yr. $5.21M. 7.25% cap.
  3. Big 5 Sporting Goods in McMinnville, OR: 10,000 SF well maintained retail building completed in 2000 on nearly 1 ac outparcel to Walmart. Across from WinCo Foods and across from Safeway, Ross, Petco and JCPenney center. Along Hwy-99W. Tenant has been at this location for 15-yrs. Recently extended NNN with over 5-yrs left. NOI $164K/yr. $2.63M. 6.25% cap.
  4. CVS in Antioch, CA: 15,789 SF brand new CVS Pharmacy on nearly 2 ac lot in growing Contra Costa County. Close to 501,259 SF Somersville Towne Center and with easy access to Hwy-4. New 20yrs absolute NNN lease. NOI $509K/yr with 6% rent bumps every 5 yrs. $10.735M. 4.75% cap.
  5. MOB in Dublin, OH: 8889 SF Class-A medical office building built in 2007 in affluent (AHI $118K/yr in a 3 mile ring) Columbus suburbs. 100% NNN leased to two tenants. NOI $130K/yr. $1.796M. 7.25% cap.
  6. Retail Center in Las Vegas, NV: 12,874 SF retail center built in 2008 on 2.55 ac lot. Excellent demographics: 17,952% pop growth since 2000 and $81K/yr AHI within 1 mile radius. 90% leased. Actual NOI $237K/yr. $3.9M. 6.10% actual cap. Upside potential when fully leased.
  7. MOB in Springfield, VA; 28,391 SF Class-B medical office building in affluent (AHI $123K/yr in 1 mile) Washington MSA. 100% leased to multiple tenants. NOI $395K/yr. $6.08M. 6.50% cap.
  8. Dollar General in Jacksonville, FL: 9002 SF Dollar General built in 20014 on 1.51 ac lot at a signalized intersection. 15 yrs NNN lease with 14 yrs left. NOI $112K/yr. $1.753M. 6.40% 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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