Monday, December 21, 2015

12-07: Tire Kingdom, MOB, Golden Corral, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Tire Kingdom in Tampa, FL: 5904 SF auto center on .63 ac cornet lot along major retail corridor. Tenant has been at this location since 1989. 100% absolute NNN corp lease. $91K/yr. $1.31M. 7% cap.  
  2. Retail Center in Peoria, AZ: 16,538 SF attractive retail center built in 2002 on 1.71 ac lot at a hard corner location. Excellent demographics: 89% pop growth & AHI of $90K/yr in a 1 mile radius. Good tenant mix: Panda Express, Bar & Grill, Chiropractic to name a few. 100% NNN leased. NOI $228K/yr. $3.144M. 7.25% cap
  3. MOB in Montclair, CA: 15,000 SF well-kept medical office building on 1.56 ac lot in San Bernardino County. Adjacent to Montclair Hospital Medical Center. Close to Montclair Plaza and I-10. $1.795M. Excellent opportunity for owner user!
  4. Golden Corral in Kenosha, WI: 10,320 SF buffet restaurant on 2.64 ac lot along busy corridor. New 10 yrs absolute NNN lease to an operator with 8 units. Adjacent to ALDI’s supermarket. NOI $202K/yr with a rent bump. $3M. 6.75% cap.
  5. Shopping Center in Columbus, OH: 54,884 SF attractive shopping renovated in 2005. Adjacent to Columbus Metropolitan Airport. Major tenants: Circle K, Dollar General and Max Fitness. 84% NNN leased. Actual NOI $310K/yr. $3.267M. 9.50% cap.
  6. Retail Building in Morgan Hill, CA: 6450 SF retail building at a signalized corner location in high income (AHI $115K/yr) Silicon Valley suburbs. $1.86M. Excellent opportunity for owner user!
(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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