Wednesday, September 30, 2015

09-16: Qdoba, The RackHouse Tavern, MOB, Retail Centers


Daily Best Commercial Properties

  1. Retail Center in Fresno, CA: 5500 SF well maintained retail center on .46 ac outparcel to El Super grocery center. Close to Community Regional Medical Center and with easy access to Hwy-41. 100% leased to Metro PC, Loya Insurance, Herbal Life, Romeo's Pizza and Int' Multi-Serv. NOI $70K/yr.  $950K. 7.26% cap.
  2. Retail Center in Brookfield, WI: 11,594 SF well maintained retail center on 1 ac corner lot in high income (AHI $90K/yr) Milwaukee suburbs. 95% NNN leased. Pro forma NOI $117K/yr. Price reduced from $1.426M to $1.399M. 8.41% pro forma cap.
  3. Shopping Center in Antioch, CA: 60,784 SF well kept shopping center on nearly 4 ac lot anchored by Grocery Outlet in Contra Costa County in Northern CA. NNN leased with good tenant mix including Starbucks Coffee, Boost Mobile and Contra Costa Federal Credit Union. Close to Hwy-4. Pro forma NOI $803K/yr. $10.3M. 7.8% pro forma cap.
  4. Neighborhood Center in Peoria, AZ: 83,436 SF shopping center on 8.59 ac lot in Phoenix Arizona. Anchored by Bashas' Grocery Store with 130 locations. Other major tenants include, Subway, H&R Block, Great Clips and UPS Store. 87% leased. Actual NOI $784K/yr. $10.815M. 7.25% actual cap. Upside potential when fully leased.
  5. Qdoba in Grand Rapids, MI: 2265 SF Qdoba Mexican Grill restaurant (owned by Jack In The Box) built in 2006 along major retail corridor. Adjacent to Marshalls, Target, Toys 'R' Us, Kohl's and Hobby Lobby. Close to I-96. 100% absolute NNN corp lease with 5 yrs left. NOI $79K/yr. $1.117M. 7.10% cap.
  6. Retail Center in Pearland, TX: 13,775 SF retail center built in 2007 on 1.37 ac lot in affluent Houston suburbs with an AHI of $120K/yr in a 1 mile ring. 100% leased with long-term stable tenants. NOI $313K/yr. $4.475M. 7% cap.
  7. Retail Building in North Las Vegas, NV: 5547 SF attractive two-unit retail building completed in 2006 on .68 ac lot at a main artery in upper middle-class area. 74% leased. $1.103M. NOI N/A.
  8. The RackHouse Tavern in Arlington Heights, IL: 9150 SF Sport Bar & Grill Restaurant on 1.71 ac lot along major corridor in upper middle-class area. Near I-90. New 15-yrs absolute NNN lease. NOI $187K/yr with 2% annual rent bumps. $2.344M. 8% cap.
  9. Urgent Care Center in Plantation, FL: well maintained medical office building at a signalized corner location and along main retail corridor. 100% NNN lease with 7 yrs left to Doctors365. NOI $178K/yr. $2.375M 7.50% 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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