Tuesday, October 20, 2015

10-06: Marie Callenders, Lightning Lube, O'Reilly Auto Parts, Fast Auto Loans


Daily Best Commercial Properties

  1. Shopping Center in Inkster, MI: 54,755 SF shopping center built in 1995 on nearly 7 ac corner lot in Detroit suburbs. Major tenants include: O'Reilly Auto Parts, Family Dollar, Rent-A-Center and Citi Trends. 97% NNN leased. Actual NOI $321K/yr. $3.57M. 9% cap.
  2. Retail Building in Louisville, KY: 5494 SF attractive retail center completed in 2000 on .46 ac outparcel to Home Depot. Close to Jefferson Mall. 100% NNN leased to Sprint and Check Smart. NOI $105K/yr. $1.5M. 7.03% cap.
  3. O'Reilly Auto Parts in Gilbert, AZ: 6650 SF single tenant retail building constructed in 1999 on .65 ac lot in affluent (AHI $97K/yr) Phoenix suburbs. Across from Fry's Food center. 100% NNN lease with 4 yrs left to a national tenant. NOI $66K/yr. Price reduced from $1.025M to $945K. 7% cap.
  4. Retail Center in Elgin, IL: 12,500 SF well maintained retail center in upper middle-class area. Adjacent to Presence Saints Joseph Hospital and with easy access to Hwy-20. 79% NNN leased to five tenants. NOI $141K/yr. $1.823M. 7.75% cap.
  5. Fast Auto Loans in Pittsburg, CA: 2676 SF newly renovated retail building on .72 ac lot in growing Contra Costa County in San Francisco Bay Area. Adjacent to Home Depot and WinCo Foods. Visible from Hwy-4  New 7-yrs NN corp lease. NOI $95K/yr with 2% annual rent increases. $1.468M.  6.5% cap.
  6. Retail Center in Kissimmee, FL: 23,628 SF well kept retail center built in 1999 on over 3 ac lot along busy corridor in growing Orlando suburbs. Across from brand new Publix shopping center. 91% leased with good tenant mix. $3.9M. NOI N/A.
  7. Retail Center in Streamwood, IL: 17,562 SF high quality construction attractive strip center in a high income (AHI $98K/yr) area. Across from Target and Marshalls center. 92% NNN leased. NOI $350K/yr. $4.417M. 7.93% Cap.
  8. Marie Callender's in Morgan Hill, CA: 6400 SF restaurant constructed in 1991 on 1.63 ac lot in high income Silicon Valley with an AHI of $112K/yr in a 3 mile radius. Across from Cochrane Plaza with Walmart Supercenter, Big 5 Sporting Goods and Hobby Lobby. With easy access to Hwy-101. 100% NNN lease with 3 yrs left. NOI $128K/yr. $2.35M. 5.46% cap.
  9. Lightning Lube in Scottsdale, AZ: 3030 SF three-bay well maintained auto center on .31 ac lot along busy corridor in Phoenix suburbs. Tenant has been at this location since 2007. New 20-yrs NNN lease. NOI $66K/yr. $1.015M. 6.50% cap.
  10. MOB in Fort Worth, TX: 6065 SF Class-A single-tenant Outpatient Surgery Center on nearly 1 ac lot. Adjacent to Plaza Medical Center and close to Harris Methodist Hospital. 100% NNN lease with 5-yrs left to a tenant with 10 locations. NOI $264K/yr. $3.78M. 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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