Friday, November 13, 2015

10-30: Chuck E. Cheese's, Car-X Tire & Auto, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. Chuck E. Cheese's in Toledo, OH: 12,600 SF single-tenant retail building constructed in 2003 on 1.43 ac outparcel to Franklin Park Mall. Tenant has been at this location for over 20 yrs. Recently extended NNN corp ground lease (land for sale) with 12 yrs left. NOI $157K/yr. $2.423M. 6.50% cap.
  2. Retail Center in Palmdale, CA: 27,455 SF attractive retail center on over 2 ac lot in a fast growing city in Southern California. Shadow anchored by Food 4 Less and Rite Aid. 86% NNN lased. Actual NOI $376K/yr. $6.555M. 5.75% actual cap. Upside potential.
  3. Retail Center in San Angelo, TX: 40,000 SF retail center on 3.66 ac lot along major retail corridor. Adjacent to H-E-B Pharmacy and Dollar Tree. 100% NNN leased to six tenants. NOI $211K/yr. $2.75M. 7.68% cap.
  4. Car-X Tire & Auto in Bettendorf, IA: 5100 SF 4-bay auto center built in 2007 on 1.46 ac lot along busy corridor. 20 yrs NNN- lease to a strong operator with 12 yrs left. NOI $132K/yr with 8.77% rent bumps every 5 yrs. $2.04M. 6.50% cap.
  5. Retail Center in Rockledge, FL: 13,500 SF ten-units newly constructed retail center at a signalized intersection. Close to Hwy-1/5. $1.957M. NOI N/A.
  6. Strip Center in McAllen, TX: 9000 SF attractive strip center built in 2004 on .67 ac lot in a fast growing area. 100% NNN leased to local, regional and national tenants. NOI $100K/yr. $1.499M. 6.67% 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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