Thursday, October 22, 2015

10-08: Check$mart, Kobe Steak & Sushi, Access Medical Center, Retail Centers

Daily Best Commercial Properties

  1. Check$mart in Olathe, KS: 2094 SF well maintained retail building renovated in 2007 on .27 ac lot along busy retail corridor in Kansas City suburbs. Close to I-35. 100% absolute NNN lease with 4 yrs left to a strong operator with over 200 location. NOI $98K/yr with 3% annual rent increases. $1.235M. 8% cap. Note: flyer not available, full brochure upon request.
  2. Office Building in Tampa, FL: 16,686 SF attractive office building on over 2 ac lot in upper middle-class area and along Hwy-597. 92% leased to eleven professional tenants. Actual NOI $124K/yr. $1.55M. 8% actual cap. Upside potential.
  3. Retail Center in El Paso, TX: 14,800 SF retail center built in 2011 on an outlot to Walmart Supercenter and Home Depot. 93% leased. Actual NOI $208K/yr. $2.599M. 8.02% actual cap. Upside potential when fully leased.
  4. Shopping Center in Chicago, IL: 18,508 SF shopping center on .92 ac lot along main artery. 93% leased with good tenant mix including: Subway, Cricket Wireless and more. Actual NOI $234K/yr. $2.3M. 10.18% actual cap. Upside potential.
  5. Retail Center in Stafford, VA: 16,252 SF retail center constructed in 2005 on nearly 2 ac lot in growing and high income (AHI $105K/yr in a 3 mile ring) Washington MSA. Anchored by 5694 SF Davita. Adjacent to Home Depot, Walmart Supercenter, Target and Lowe's. Near I-95. 90% leased. 7.25% cap. NOI N/A.
  6. Retail Center in Fremont, CA: 25,972 SF recently remodeled shopping center built in 1990 on 1.70 ac lot in high income (AHI $96K/yr) Silicon Valley. 100% NNN leased. NOI $897K/yr. Price reduced from $13.164M to $11.8M. 7.61% cap.
  7. Kobe Steak & Sushi in Elk Grove, CA: 5724 SF upscale restaurant built in 1998 on 1.24 ac lot in growing upper middle-class Sacramento suburbs. Next to & visible from Hwy-99. Across from Power Center with Burlington Coat Factory, Ross Dress for Less, Toys "R" Us/Babies "R" Us and Grocery Outlet. 100% NNN lease with 8 yrs left. NOI $154K/yr. $2.575M. 6% cap.
  8. Strip Center in Colorado Springs, CO: 6,656 SF retail center built in 1998 on over 1 ac lot along major retail corridor. 100% NNN leased to Sprint Wireless, Signature Nails and Tan Your Hide. NOI $175K/yr. $2.5M. 7% cap.
  9. Access Medical Center in Oklahoma City, OK: 6,656 SF single-tenant urgent care center on 1.47 ac lot. Close to VA Medical Center, The Children's Hospital and OU Medical Center. Recently extended absolute NNN corp lease with 12 yrs left. NOI $109K/yr with annual rent increases. $1.664M. 6.60% cap.
  10. Retail Center in Southaven, MS: 19,259 SF attractive retail center built in 2006 on 1.89 ac lot in growing Memphis suburbs. Adjacent to Desoto Towne Cinemas. Close to Baptist Memorial Hospital and I-55. 100% NNN leased with regional/local tenants. NOI $308K/yr. $3.7M. 8.34% 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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