Tuesday, December 15, 2015

12-01: Fox and Hound Pub & Grill, Golden Corral, TitleMax, VASA Fitness Center, Starbucks Coffee, MOB


Daily Best Commercial Properties

  1. Fox and Hound Pub & Grille in Mason, OH: 8400 SF well maintained restaurant on 2 ac outparcel to Walmart Supercenter in affluent (AHI $112K/yr) Cincinnati suburbs. Adjacent to Deerfield Towne Center with Movie Theater, Dicks Sporting Goods, Whole Foods and more. Tenant has been at this location since 2006. Recently extended 5 yrs NNN ground lease (land for sale) to a strong operator with over 100 units. NOI $114K/yr. $1.75M. 6.57% cap.
  2. Neighborhood Center in Sun City, AZ: 70,035 SF shopping center on nearly 7 ac lot at a hard corner location in growing Phoenix suburbs. Major tenants include: Starbucks Coffee, Miracle Ear, Von's Pro Shop, Hi-Health and Verizon Wireless. 86% leased. NOI $1.049M/yr. $14.5M. 7.23% cap.
  3. Golden Corral in Indianapolis, IN: 10,900 SF buffet restaurant on over 3 ac lot a busy retail artery.  With easy access to I-465. 20-yrs absolute NNN corp lease with 10 yrs left. NOI $140K/yr with 5% rent bumps in yr 11 & 16. $2.082M. 6.75% cap.
  4. MOB in Austin, TX: 5,111 SF Class-B medical office building completed in 2012 in a fast growing and upper middle-class area. 100% NNN leased to two medical tenants. NOI $125K/yr. $1.9M. 6.6% cap.
  5. TitleMax in Glendale, AZ: 2392 SF retail building on .57 ac lot at a hard corner location in Phoenix suburbs. 100% absolute NNN corp lease. NOI $75K/yr with a rent increase in 2018. $1.093M. 6.86% cap.
  6. MOB in Morristown, NJ: 36,317 SF Class-B multitenant medical office building on nearly 2 ac lot in affluent New York suburbs with an AHI of $138K/yr in a 3 mile ring. Close to Morristown Medical Center and I-287. 97% NNN leased with good tenant mix. Actual NOI $601K/yr. $9.7M. 6.20% cap.
  7. VASA Fitness Center in Riverton, UT: 44,556 SF fitness center built in 1996 on over 4 ac lot at a busy retail corridor in high income (AHI $100K/yr) Salt Lake City suburbs. 20 yrs NNN lease with 19 yrs left to a strong regional operator with 18 locations. NOI $623K/yr. $8.911M. 7% cap.
  8. Retail Center in Gilbert, AZ: 7200 SF attractive retail center built in 2002 on 1.41 ac lot in growing and upper middle-class (AHI $99K/yr) Phoenix suburbs. 100% leased to Orient Sushi and Grill, Sidewinder Subs and American Grill. NOI $115K/yr. $1.45M. 7.90% cap.
  9. MOB in Columbus, OH: 10,490 SF attractive medical office building at a busy thoroughfare.  Close to Mt Carmel East Hospital and I-270. NOI $166K/yr. $2.292M. 7.25% cap.
  10. Starbucks Coffee in Hamilton Township, NJ: 1,800 SF well maintained single tenant retail building on .60 ac lot at a signalized corner location in growing & upper middle-class (AHI $81K/yr) Philadelphia metro. 100% NNN- corp lease with over 5 yrs left. NOI $96K/yr. $1.549M. 6.25% 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.

No comments:

Post a Comment