Wednesday, November 25, 2015

11-12: Walgreens, Taco Bell, MOB, Portfolio, Shopping Centers


Daily Best Commercial Properties

  1. Retail Center in Norman, OK: 29,635 SF retail center and 4542 SF Chelino's Mexican Restaurant on 4.76 ac lot. Shadow anchored by Homeland Supermarket, a regional tenant. 94% NNN leased to eleven tenants including ACE Hardware, Sally Beauty, CATO, SuperCuts, Check 'n Go, Variety Care and At The Beach. Actual NOI $360K/yr. $4.81M. 7.50% actual cap. Upside potential.
  2. Shopping Center in Arlington, TX: 23,186 SF nine-units well maintained shopping center on 1.86 ac lot in growing Dallas/Ft. Worth metro. Close to University of Texas at Arlington. 90% leased. NOI $105K/yr. $1.4M. 7.51% cap.
  3. Walgreen's in Houston, TX: 15,048 SF drive-thru Walgreens on 1.82 ac lot in a high income area with an AHI of $101K/yr in a 1 mile ring. On an off/on ramp of Sam Houston Pkwy, a major thoroughfare. 20 yrs NNN- lease with over 6 yrs left. NOI $349K/yr. $5.584M. 6.25% cap.
  4. Shopping Center in Atascocita, TX: 65,773 SF high quality constructed shopping center completed in 2007 on over 7 ac lot at a hard corner location in affluent Houston MSA. Major tenants include: Dunkin' Donuts, Care for Women OB/GYN, Mojo's Sport Grill and North American Title Company. 92% NNN leased to medical & retail tenants. 7.19% cap. NOI & price N/A.
  5. Taco Bell in Urbana, IL: 2288 SF drive-thru fast food restaurant on .61 ac lot in a growing area. Adjacent to University of Illinois at Urbana and close to Carle Foundation Hospital & Provena Covenant Medical Center. 100% absolute NNN lease with over 3 yrs left to a strong franchisee with 39 units. NOI $135K/yr with rare 1.5% annual rent increases. $1.942M. 7% cap.
  6. MOB in Huntington Wood, MI: 16,300 SF Class-B multitenant medical office building on .49 ac lot along main corridor and in a high income (AHI $99K/yr) neighborhood. 83% leased. $1.7M. NOI N/A.
  7. Shopping Centers Portfolio in Various Cities, IL: 130,525 SF consisting of three shopping centers in high income Chicago suburbs: South Elgin, Bartlett, and Roselle. Main tenants include: Dollar Tree, DuPage Central Hospital and DuPage Medical Group. 90% leased. Actual NOI $1.6M. $20M. 8% cap. Upside potential.
  8. MOB in Bryan, TX: 1,960 SF Class-A single tenant medical office building on 1 ac lot. Across from St. Joseph Regional Center. 100% NNN leased. NOI $206K/yr. $2.85M. 7.20% cap.
  9. MOB in Drexel Hill, PA: 6510 SF well maintained medical office building in densely populated and high income Philadelphia suburbs. 100% leased to three medical tenants. NOI $88K/yr. $1.25M. 7.08% cap.
  10. Strip Center in Monterey, CA: 6906 SF attractive strip center built in 1991 along major artery in high income (AHI $114K/yr in a 3 mile radius) Silicon Valley. $3.5M. NOI N/A.
(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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