Wednesday, November 4, 2015

10-21: Just Brakes, Fast Auto Loans, Retail Centers, MOB


Daily Best Commercial Properties

  1. Just Brakes in Sanford, FL: 3940 SF well maintained auto center built in 2008 on 1 ac lot in Orlando suburbs. Along Hwy 17/92. 100% absolute NNN lease with 8 yrs left. NOI $113K/yr with 15% rent bumps every 5 yrs. $1.565M. 7.25% cap.
  2. Retail Center in Sacramento, CA: 24,080 SF well maintained retail center. Across from Walmart Supercenter and close to Hwy-99. 90% leased. Pro forma NOI $315K/yr. $3.5M. 9% pro forma cap.
  3. MOB in Whittier, CA: 14,910 SF Class-B multitenant medical office building in upper middle-class Los Angeles area with an AHI of $90K/yr. Along major artery and adjacent to Whittier Hills Healthcare Center. 100% leased. NOI $154K/yr. $2.75M. 5.60% cap.
  4. Office Depot in Corpus Christi, TX: 26,925 SF single-tenant well kept retail building on 1.89 ac lot at a signalized intersection. Close to Del Mar College. Tenant has been at this location for over 15 yrs. Newly extended 10 yrs NNN lease. NOI $329K/yr. $4.63M. 7.12% 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  100% NNN corp lease with 6 yrs left. NOI $95K/yr with 2% annual rent increases. $1.468M. 6.5% cap.
  6. Shopping Center in Henderson, NV: 34,244 SF consisting of three retail buildings on 2.87 ac lot along major retail artery. Shadow anchored by Home Depot and across from Walmart and 99 Cents Only center and near Galleria at Sunset Mall. On an off/on ramp of Hwy-515. 77% leased. NOI $694K/yr. $9.96M. 6.97% cap. Upside potential.
  7. Retail Center in Fort Worth, TX: 30,528 SF attractive retail center in a fast growing area. Shadow anchored by Lowe's and 24 Hour Fitness. With easy access to I-820 and Hwy-199. 91% leased. 7.50% cap. NOI N/A.
  8. Shopping Center in Indianapolis, IN: 42,161 SF attractive shopping center at a busy corridor anchored by CVS Pharmacy. NOI $421K/yr. $5.25M. 8.03% cap.
  9. Office Building in Lake Mary, FL: 15,708 SF Class-B consisting of two office buildings completed in 2001 on 1.85 ac lot in growing and high income (AHI $84K/yr) Orlando suburbs. Pro forma NOI $151K/yr. $1.89M. 8% cap.
  10. Retail Center in Lee's Summit, MO: 23,792 SF attractive retail center in Kansas City suburbs. Close to I-470. Tenants include: Sabor Latino Restaurant, Snap Fitness, American Family Insurance among others. NNN leased. NOI $240K/yr. $2.9M. 8.30% 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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