Tuesday, September 22, 2015

9-08: Walgreens, Jimmy John's, MOB, Shopping Centers


Daily Best Commercial Properties

  1. Walgreens in Tewksbury, MA: 13,830 SF well maintained drug store in affluent Boston suburbs with an AHI of $101K/yr in a 3 mile radius. 100% NNN- lease with 4 yrs left. NOI $340K/yr. $5.763M. 5.90% cap.
  2. Jimmy John's in Moore, OK: 2322 SF Jimmy John's Gourmet Sandwiches built in 2013 outparcel to PetSmart, Bed Bath & Beyond and Office Depot center. On an off/on ramp of I-35. Across from Sam's Club and close to Walmart Supercenter. Bran new 15 yrs absolute NNN lease. NOI $90K/yr with 1% annual rent increases. $1.44M. 6.25% cap.
  3. Neighborhood Center in Chandler, AZ: 187,581 SF shopping center built in 2006 on over 25 ac lot anchored by Home Depot in high income Phoenix suburbs. Across from Power Center with Lowe's, Dollar Tree, Ross Dress for Less and O'Reilly Auto Parts. 93% leased. NOI $907K/yr. $13.955M. 6.50% cap.
  4. Strip mall in Bay Point, CA: 11,976 SF strip center on .92 ac lot in a town the San Francisco Bay Area. 81% occupied by 8 tenants.  NOI $152K/yr.  $2.1M. 7.2% cap.
  5. Walgreens in Richardson, TX: 14,490 SF attractive Walgreens built in 2003 on 1.74 ac lot at a hard corner location in a affluent Dallas suburbs. 20 yrs NNN lease with 7 yrs left. NOI $331K/yr. $5.77M. 5.75% cap.
  6. MOB in Decatur, GA: 10,000 SF Class-B multitenant medical office building in Atlanta suburbs. Close to Dekalb Medical Center. 100% leased to multiple tenants. 7.80% cap. NOI N/A.
  7. Retail Center in Littleton, CO: 27,035 SF well maintained retail center anchored by 7-Eleven in high income (AHI $93K/yr in a 3 mile radius) Denver suburbs. 100% NNN leased. NOI $290K/yr. $3.63M. 8% 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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