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- Jiffy Lube in Madison, WI: 4041 SF Jiffy Lube built in
2003 on .48 ac lot in well-off area with AHI of $86K/yr in 1 mile
radius. 100% absolute NNN lease with 7+ yrs left to an operator with 450
locations. NOI $96K/yr. $1.328M. 7.25% cap.
- Applebee's in Lakeville, MN: 5092 SF family restaurant
on 1.39 ac lot across from Target in affluent Minneapolis suburbs with
AHI of $134K/yr in 1 mile. 100% absolute NNN ground lease (land is
for sale, tenant owns the improvements) with 3+ yrs left to a franchisee
with 470 locations. NOI $81K/yr. $1.287M. 6.35% cap.
- Midas in Orange Park, FL: 4200 SF auto service center
on 1/3 ac lot in Jacksonville metro. 100% absolute NNN corp lease
with 3+ yrs left. NOI $90K/yr. $1.133M. 8% cap.
- Taco Bell in Warren, MI: 2252 SF Mexican restaurant
on .6 ac parcel in Detroit suburbs. 100% absolute NNN lease with 4
yrs left to an operator with 120+ units. NOI $82K/yr. $1.1M. 7.5%
cap.
- Barebones Outdoor &
Workwear in Yuba City, CA:
7200 SF single-tenant retail center on the main retail corridor in
Northern CA. New 11 yrs NNN to Barebones Outdoor & Workwear,
a regional tenant with 7 locations. NOI $86K/yr. with CPI-based
annual rent bumps. $1.44M. 6% cap.
- Shopping Center in Columbus,
OH: 35,362 SF shopping center
built in 1978 on 2.87 ac corner lot across from Walmart supercenter in a
middle-class area. 89% leased to 6 tenants. NOI $426K/yr.
$5.326M. 8% cap.
- Strip Mall in Champlin, MN: 11,835 SF strip mall on 2
ac lot in upper middle-class Minneapolis metro. 100% leased to 7
tenants. NOI $125K/yr. $1.672M. 7.5% cap.
- Shopping Plaza in
Sharonville, OH:
31,700 SF shopping center on 2.96 ac lot as part of a larger shopping
center in Cincinnati metro. Next to I-275 on ramp. 100% leased to
8 tenants. NOI $310K/yr. $3.65M. 8.5% cap.
- Retail Center in Alpharetta,
GA: 22,088 SF retail center
built in 2008 across from Walmart in affluent Atlanta suburbs (AHI
$135K/yr). 80% NNN leased to 7 tenants. Current NOI
$185K/yr. $2.5M. 7.4% cap. Price include 1.37 ac and 1.72 ac
outparcels. Upside potential.
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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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