Thursday, September 17, 2015

09-03: Sports Authority, Pep Boys, Citibank, El Pollo Loco, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Sports Authority in Phoenix, AZ: 63,034 SF retail building renovated in 2008 on 6.27 ac lot at a major retail corridor. Adjacent to Target and Hobby Lobby. Across from 694,482 SF Ahwatukee Foothills Towne Center with AMC Theaters, Marshalls, Ross Dress for Less, Babies R Us and Petsmart and more. Near I-10. 100% absolute NNN leased with over 8-yrs left. NOI $1.036M/yr. $13.819M. 7.50% cap. NOTE: Flyer not available, full brochure upon request.
  2. Retail Building in Litchfield Park, AZ: 7148 SF retail building constructed in 2005 pm .82 ac lot in growing and affluent Phoenix suburbs with an AHI of $118K/yr. 100% NNN leased to Banner Health Clinic and Ground Control, an European restaurant. NOI $131K/yr. $1.875M. 7% cap.
  3. Shopping Center in Orland Park, IL: 40,207 SF  shopping center built in 1998 on over 3 ac lot along main retail corridor. Adjacent to Jewel-Osco grocery, across from Target and Lowe's. Close to Walmart Supercenter. 90% NNN leased. NOI $341K/yr. Price reduced from $4.75M. to $4.4M. 7.76% cap.
  4. Shopping Center in Bakersfield, CA: 28,846 SF consisting of four buildings completed in 2007 on 4 ac lot. Tenants include: Goodwill, Starbucks, Bella Sales, Nails & Spa, Go Wireless, Kern Schools Federal Credit Union and Body Exchange. 100% leased. NOI $731K/yr. $10.599M. 6.90% cap.
  5. Retail Center in Warner Robins, GA: 10,430 SF brand new retail center on 1.46 ac lot in fast growing middle class area. Across from Galleria of Centerville Mall. 100% NNN leased to credit tenants: Chipotle, Five Guys, Jersey Mikes, Uncle Maddio's Pizza and Total Nutrition. NOI $286K/yr. $4.782M. 6% cap.
  6. Pep Boys in Joliet, IL: 22,385 SF auto center built in 1993 on 2 ac lot in Chicago suburbs. With easy access to I-80. 100% absolute NNN corp lease with 7 yrs left. NOI $492K/yr with annual rent increases. $6.57M. 7.5% cap.
  7. Retail Centers in Pittsburg, CA: 15,025 SF consisting of two retail buildings on .74 ac lot along major artery in Contra Costa County. Close to Hwy-4. 92% leased to local, regional and national tenants. NOI $240K/yr. $3.595M. 6.69% cap.
  8. Citibank in Reedley, CA: 3046 SF Citibank on .26 ac corner lot in a growing area Southeast of Fresno. New 10 yrs absolute NNN corp lease. NOI $80K/yr with 1.5% annual rent increases. $1.584M. 5.07% cap.
  9. El Pollo Loco in San Bernardino, CA: 2128 SF well maintained franchised restaurant on .41 ac lot. Adjacent to Inland Center Mall and I-215. Tenant has been at this location for over 25 yrs. 100% absolute NNN lease with 2 yrs left to a strong operator with over 100 locations. NOI $113K/yr with 2.5% annual rent bumps. $1.981M. 5.75% cap.
  10. Retail Center in Henderson, NV: 11,408 SF attractive retail center on 1.54 ac lot along busy corridor in growing upper middle class area. 100% NNN leased to seven tenants. NOI $110K/yr. $2.2M. 5% 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.
 

No comments:

Post a Comment