Monday, October 26, 2015

10-12: O'Reilly Auto Parts, Shopping Centers, Office Complex, Retail Centers

Daily Best Commercial Properties

  1. Shopping Center in Douglasville, GA: 42,720 SF shopping center built in 1999 in Atlanta metro with easy access to I-20.  Shadow anchored by Walmart, Sam's Club, and HHGregg.  96% leased.  NOI $573K.  Unpriced but listing broker expected it to trade between 8-9% cap ($6.366M-$7.162M)
  2. Retail Center in Phoenix, AZ: 16,266 SF L-shaped 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.
  3. Strip Center in La Mirada, CA: 9527 SF retail center on 1.38 ac lot along main retail corridor in high income Los Angeles area. Shadow anchored by Savers Grocery. Adjacent to Rite Aid, Marshalls and Stain Mart centers. 100% NNN leased to seven tenants. NOI $133K/yr. $2.55M. 5.23% cap.
  4. O'Reilly Auto Parts in El Centro, CA: 8816 SF well maintained retail building on .87 ac lot along major corridor. 100% NNN lease with 12 yrs left. NOI $111K/yr with 8% rent increases every 5 yrs. $2.019M. 5.50% cap.
  5. Office Complex in Flower Mound, TX: consisting of four recently renovated office buildings in growing and affluent (AHI $115K/yr in a 3 mile radius) Dallas/Fort Worth suburbs. 98% leased. Actual NOI $319K/yr. $4.125M. 7.75% cap.
  6. Retail Center in Elm Grove, WI: 28,778 SF consisting of three attractive retail buildings completed in 2005 on 3.60 ac lot in high income Milwaukee suburbs. Across from Target and Trader Joe's. 89% leased with good tenant mix including TCF Bank. Actual NOI $464K/yr. $6.22M. 7.47% actual cap. Upside potential when fully leased.
  7. Neighborhood Center in Kent, WA: 75,830 SF shopping center on over 7 ac lot at a signalized intersection in growing middle-class Seattle suburbs. With easy access to I-5. Major tenants include: Goodwill, UW Medicine, Cash America & Ramirez Brothers Grocery among others. 97% NNN leased. NOI $1.344M/yr. $21M. 6.40% cap.
  8. Shopping Center in South Holland, IL: 34,288 SF shopping center on over 2 ac lot along busy corridor. Close to I-94. Strong mix of national & local tenants: 9105 SF Family Dollar, Subway, Currency Exchange, Harold's Chicken, All State Insurance, Boost Mobile, J.R.'s Barber Shop, Clair Beauty Supply and PLS Loans. NOI $306K/yr. $3.765M. 8.15% 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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