Friday, October 16, 2015

10-02: Denny's, MOB, Pep Boys, Retail Centers, Mixed-use


Daily Best Commercial Properties

  1. Denny's in Amherst, OH: 3869 SF well maintained free-standing restaurant on nearly 1 ac lot in Cleveland MSA. Close to Hwy-2. 15-yrs absolute NNN lease with 13-yrs left. NOI $110K/yr with 10% rent bumps every 5-yrs. $1.766M. 6.25% cap.
  2. MOB in Spokane Valley, WA: 8068 SF Class-B single tenant medical office building. Across from Valley Hospital and with easy access to I-90. 100% NNN lease with 8-yrs left to Providence Valley Young Peoples Clinic, a growing regional operator. NOI $83K/yr. $1.25M. 6.65% cap.
  3. Strip Center in Lexington, KY: 6396 SF strip center built in 2007 on .83 ac lot along busy retail corridor. Near The Mall at Lexington Green and Hwy-4. 100% leased to three tenants. NOI $78K/yr. $1.117M. 7% cap.
  4. Retail Center in Las Vegas, NV: 10,480 SF well maintained strip center on .85 ac lot. Adjacent to UNLV's Thomas & Mack Center and near The Hard Rock Hotel & Casino. 92% NNN leased. NOI $170K/yr. $2.55M. 6.70% cap.
  5. Retail Center in Lilburn, GA: 12,921 SF retail center in growing and upper middle-class Atlanta suburbs. Along Hwy-78. 100% leased to eight tenants including Verizon Wireless. NOI $77K/yr. $1.1M. 7% cap.
  6. Retail Center in Charlotte, NC: 18,459 SF attractive retail center on 2.21 ac outparcel to Dollar Tree and Rite Aid center in upper middle-class area. Across from Food Lion grocery center. 100% leased. 9% cap. NOI & price N/A.
  7. Neighborhood Center in Portsmouth, VA: 108,713 SF attractive shopping center completed in 2003 on over 9 ac lot anchored by well performing Farm Fresh grocery in Norfolk suburbs. Across from Lowe's and on an off/on ramp of I-264. 99% leased to national and regional tenants. Actual NOI $1.256M/yr. $18M. 7% actual cap. Upside potential when fully leased.
  8. Mixed-use in Rancho Cordova, CA: 26,571 SF Class-B office/retail building on 1.87 ac lot in growing Sacramento suburbs. Close to 60-bed Sacramento VA Medical Center. 100% leased. NOI $248K/yr. $2.2M. 11.30% cap.
  9. Pep Boys in Tallahassee, FL: 4850 SF well maintained auto center on .45 ac outparcel to Lowe's and Publix grocery center. Close to Capital Regional Medical Center and along US-319. 100% NNN lease with over 8 yrs left. NOI $110K/yr. $1.517M. 7.25% cap.
  10. Retail Center in Chicago, IL: 15,323 SF L-shaped retail center on .68 ac lot in densely populated (with over 880,000 residents in a 5 mile radius) and middle-class neighborhood. NOI $204K/yr. $2.8M. 7% 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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