Tuesday, November 3, 2015

10-20: Havoline Xpress Lube, Outback Steakhouse, MOB, The Children's House, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in Tracy, CA: 49,580 SF well maintained shopping center on 3.54 ac corner lot in upper middle-class San Joaquin County. 100% leased to 14 tenants. NOI $294K/yr. $3.926M. 7.50% cap.
  2. Retail Center in Orlando, FL: 19,790 SF attractive retail center built in 2007 on over 2 ac lot along busy corridor. All units face main thoroughfare. Close to I-4. 94% leased. NOI $251K/yr. $3.3M. 7.61% cap.
  3. Retail Building in Layton, UT: 10,000 SF two-units retail building on .68 ac outparcel to Hobby Lobby and Harbor Freight Tools in growing Salt Lake City suburbs. Near Layton Hills Mall and with easy access to I-15. NNN leased. NOI $176K/yr. $2.2M. 8% cap.
  4. Havoline Xpress Lube in Duluth, GA: 4314 SF three-bay well maintained auto center constructed in 1995 in growing and high income Atlanta suburbs with an AHI of $97K/yr in a 3 mile radius. 15 yrs absolute NNN lease with over 14 yrs left to a strong operator with over 290 units. NOI $92K/yr with 10% rent bumps every 5 yrs. $1.43M. 6.50% cap.
  5. Outback Steakhouse in Greenfield, WI: 6500 SF restaurant on 1.50 ac lot in middle-class Milwaukee suburbs. Close to Southride Mall and I-43. 100% NNN corp ground lease (land for sale) with 5 yrs left. NOI $72K/yr with generous rent increase in the next option period. $1.161M. 6.25% cap.
  6. MOB in New Albany, IN: 13,131 SF Class-A single-tenant medical office building in Louisville suburbs. Over $1M in recent upgrades to the building infrastructure to support the new expansion of the Women's Center. Near I-265. 100% NNN lease. NOI $211K/yr. $3.2M. 6.61% cap.
  7. Retail Center in North Olmsted, OH: 30,000 SF well maintained retail center on 2 ac lot along busy corridor. Close to Great Northern Mall and I-480. 90% leased with many long-term tenants. Actual NOI $180K/yr. $2M. 9% actual cap. Upside potential.
  8. The Children's House in West Chester, OH: 16,000 SF day care facility constructed in 2006 on 1.88 ac lot in affluent Cincinnati suburbs with an AHI of $103K/yr in a 1 mile ring. Close to I-75. 100% NNN lease with 5 yrs left to a regional operator with six locations. NOI $288K/yr. $3.49M. 8.25% cap.
  9. Greystone Steak & Seafood in Wichita, KS: 4872 SF upscale restaurant built in 2003 on nearly 1 ac lot in affluent (AHI $131K/yr) neighborhood.  New 10 yrs absolute NNN lease. NOI $150K/yr with 2% annual rent increases. $2M. 7.50% cap.
  10. MOB in Stockbridge, GA: 12,876 SF Class-B multitenant medical office building on 1 ac lot in growing upper middle class Atlanta suburbs. Close to Piedmont Henry Hospital and I-75. 100% leased to two tenants. NOI $270K/yr. $3.4M. 7.95% 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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