Tuesday, November 10, 2015

10-27: Jack in the Box, Golden Chick, Bakers Square, MOB, Jiffy Lube, Retail Centers


Daily Best Commercial Properties

  1. Jack in the Box in North Las Vegas, NV: 2716 SF drive-thru fast food restaurant built in 2006 on .71 ac outparcel to Smith's Grocery Store. Excellent demographics: 40,560% pop growth in a 1 mile ring & in upper middle-class (AHI $76K/yr in a 3 mile ring) area. 100% absolute NNN corp ground lease (land for sale) with 11 yrs left. NOI $84K/yr. $1.694M. 5% cap.
  2. Golden Chick in McKinney, TX: 1683 SF well kept fast food restaurant along major artery in fast growing Dallas/Fort Worth MSA. 100% NNN corp lease with 9 yrs left. NOI $76K/yr with 10% rent bumps every 5 yrs. $1.03M. 7.43% cap.
  3. Retail Buildings in Wheeling, IL: 7000 SF consisting of single-tenant Dunkin' Donuts, multi-tenant office building and one single-story building on 1.50 ac lot in a high income (AHI $88K/yr) neighborhood. 100% NNN leased. NOI $109K/yr. $1.5M. 7.33% cap.
  4. MOB in Delray Beach, FL: 13,039 SF Class-A medical office building at a corner location in Fort Lauderdale suburbs. Close to Delray Medical Center. 82% NNN lease with 7 yrs left to South Florida Heart Institute. NOI $221K/yr. $3.3M. 6.70% cap. Upside potential when fully leased.
  5. Retail Building in Lake Elsinore, CA: 3876 SF attractive retail building on .81 ac outparcel to Home Depot in Riverside County. Close to I-15. 100% NNN leased to Wienerschnitzel and Sprint. NOI $136K/yr.  $2.3M. 5.92% cap.
  6. Bakers Square in Orland Park, IL: 5000 SF family restaurant and bakery outparcel to Meijer grocery and along prime retail thoroughfare in Chicago metro.  Excellent demographics. Tenant has been at this location 15+ yrs. Recently exercised NNN ground lease (land for sale). NOI $74K/yr. $1.07M. 7% cap.
  7. Retail Center in Riverside, CA: 9471 SF well maintained retail building on .71 ac lot. Across from Lowe's and close to Galleria at Tyler Mall. 100% leased. NOI $111K/yr. $1.658M. 6.75% cap.
  8. Retail Center in North Las Vegas, NV: 12,152 SF retail center completed in 2008 on 1.44 ac lot in a fast growing (12,085% pop growth) and upper middle-class area. 100% leased. NOI $220K/yr. $3.3M. 6.67% cap.
  9. MOB in Hazelwood, MO: 11,189 SF Class-B single-tenant Endoscopy & Colonoscopy Center on 1 ac lot in St Louis suburbs. Visible and with easy access to I-270. Brand new 12 yrs absolute NNN lease to a strong operator. NOI $292K/yr with 1.5% annual rent increases. $4.177M. 7% cap.
  10. Jiffy Lube in Saint Peters, MO: 2644 SF Jiffy Lube built in 2004 on .73 ac lot along busy corridor in growing upper middle-class St Louis suburbs. Across from Walgreens and close to I-70. 100% NNN lease with 9 yrs left. NOI $85K/yr. $1.172M. 7.25% 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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