Monday, November 23, 2015

11-09: AAP, BWW, Tutor Time, Pick 'n Save, Denny's, Tire Choice, Red Lobster, Retail Centers


Daily Best Commercial Properties

  1. Advance Auto Parts in Orlando, FL: 7000 SF retail building completed in 2004 on nearly 1 ac lot at a highly visible location. 15 yrs NNN corp lease with 4 yrs left. NOI $1.852M. 7.15% cap. NOTE: flyer not avail full brochure upon request.
  2. Buffalo Wild Wings in Moreno Valley, CA: 5126 SF casual dining restaurant & bar built in 2009 on nearly 1 ac lot in growing Riverside County. Adjacent to Moreno Valley Mall, Costco and Lowe's. With easy access to Hwy-60. 100% NNN lease with 5 yrs left to a national tenant (NASDAQ: BWLD) with over 1000 locations. NOI $249K/yr. $4.5M. 5.54% cap.
  3. Tutor Time in Apple Valley, MN: 11,083 SF day care center constructed in 1998 on .99 ac lot in affluent (AHI $102K/yr in a 3 mile ring) Minneapolis MSA. Tenant has been at this location since 1998. Tenant to invest $150k in improvements. Newly executed 5 yrs NNN lease. NOI $216K/yr. $2.4M. 8.25% cap.
  4. Retail Center in Austin, TX: 14,887 SF retail center at a main retail corridor. Across from Lakeline Mall and close to Hwy-183/45. 100% leased to established long term tenants. NOI $396K/yr. $5.665M. 7% cap.
  5. Pick 'n Save in Milwaukee, WI: 67,866 SF well maintained grocery store on over 5 ac lot in a densely populated area. 20 yrs absolute NNN lease with over 11 yrs left to a strong operator with over 150 location. NOI $630K/yr with 3% rent bumps every 5 yrs. $9M. 7% cap.
  6. MOB in Westford, MA: 13,139 SF multitenant medical office building on 5.43 ac lot in prosperous Boston metro with a AHI of $142K/yr in a 1 mile ring. 87% NNN leased. Actual NOI $204K/yr. $2.55M. 8% actual cap. Upside potential when fully leased.
  7. Denny's in Auburn, NY: 5545 SF 24-hour franchised family restaurant on 1.52 ac lot across from 200,000 SF center with Marshalls, Dollar Tree and Bed Bath & Beyond. Close to Walmart Supercenter. Recently executed 10 yrs absolute NNN lease. NOI $138K/yr with 10% rent increases every 5 yrs. $2.132M. 6.50% cap.
  8. Tire Choice in Greenacres, FL: 6200 SF auto center along major retail corridor in Lake Worth suburbs. New 10 yrs NNN- lease. NOI $96K/yr with 10% rent bumps every 5 yrs. $1.6M. 6% cap.
  9. Red Lobster in San Jose, CA: 7876 SF American casual dining restaurant on 1.68 ac lot at a hard corner location in a high income (AHI $120K/yr) Silicon Valley. Close to Eastridge Mall and Hwy-101. 25-yrs NNN lease with over 23 yrs left. NOI $405K/yr with 2% annual rent increases. $7.576M. 5.35% cap.
  10. Strip Center in Roswell, GA: 8000 well maintained strip center on .96 ac lot in fast growing and high income Atlanta suburbs with an AHI of $105K/yr. 100% leased. NOI $90K/yr. $1.2M. 7.50% 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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