Monday, October 19, 2015

10-05: Mendoza's Restaurant, USA Checks Cashed, MOB, Apartments, Office Buildings, Shopping Centers



Daily Best Commercial Properties

  1. Mendoza's Restaurant in San Jose, CA: 3216 SF well maintained highly-rated Mexican restaurant on .28 ac lot on a main artery. With easy access to Hwy-101 and I-680. Tenant has been at this location for 16 yrs. NOI $102K/yr with 5 yrs left to an established operator. $1.78M. 5.76% cap.
  2. Office Building in Verona, NJ: 24,000 SF Class-B multitenant office building on .78 ac lot in affluent (AHI of $109K/yr in a 1 mile ring) New York MSA. 90% leased. Pro forma NOI $160K/yr. $2.295M. 7% pro forma cap.
  3. USA Checks Cashed in Riverside, CA: 2269 SF single tenant retail building in densely populated and growing area in Los Angeles suburbs. New 10 yrs absolute NNN corp lease. NOI $70K/yr with 2% annual rent  bumps. $1M. 7% cap.
  4. Retail Center in Phoenix, AZ: 16,266 SF thirteen-units well maintained retail center on nearly 1 ac lot along main artery. Near I-17. 100% NNN leased with good tenant mix. NOI $138K/yr. $1.86M. 7.43% cap.
  5. Retail Center in Montgomery, AL: 18,720 SF attractive retail center built in 2008 on 2 ac lot along busy retail artery in high income (AHI $94K/yr) area. 86% NNN leased. NOI $243K/yr. $3.246M. 7.50% actual cap. Upside potential when fully leased.
  6. MOB in Meridian, ID: 13,608 SF attractive medical office building completed in 1995 on over 2 ac lot in fast growing upper middle class Boise suburbs. Adjacent to WinCo Foods and Home Depot. With easy access to I-84. NNN leased to Unity Health Care, Rehab Authority, West Valley Medical Group and Treasure Valley Hearing. NOI $182K/yr. $2.6M. 7% cap.
  7. Shopping Center in Brandon, FL: 30,682 SF L-shaped eye-catching shopping center in fast growing Tampa suburbs. Near Westfield Brandon and several Power Centers with Lowe's, Buybuy Baby, Publix and more. With easy access to I-75. 97% leased. Actual NOI $556K/yr. $7.95M. 7% cap.
  8. Shopping Center in Douglassville, GA: 42,720 SF shopping center on nearly 7 ac outparcel to Walmart Supercenter and Sam's Club in Atlanta metro. Major tenants include: Dollar Tree, Cato, Shoe Show, Sally Beauty Supply, H&R Block and Sports Clips. 96% leased. NOI $573K/yr. $7.64M. 7.5% cap.
  9. Apartments in Dallas, TX: 96-units well maintained multifamily complex in middle-class area. Close to Walmart Supercenter and I-635. 97% occupied. Actual NOI $398K/yr. $4.975M. 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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