Tuesday, January 19, 2016

01-05: Rite Aid, LA Fitness, O'Reilly Auto Parts, Office Buildings, Shopping Centers



Daily Best Commercial Properties

  1. Rite Aid in Chesapeake, VA: 13,813 SF drive-thru Rite Aid pharmacy on 1.80 ac corner lot in Norfolk suburbs. Close to Hwy-13 and I-64. 20 yrs absolute NNN lease with over 10 yrs left. NOI $381K/yr. $5.647M. 6.75% cap.
  2. LA Fitness in Bolingbrook, IL: 43,367 SF fitness center completed in 2007 on over 4 ac lot in a fast growing and upper middle-class area. Close to The Promenade Bolingbrook Mall with over 60 stores and I-355. 15 yrs NNN corp lease with over 7 yrs left. NOI $1.089M/yr with 10% rent bumps every 5 yrs. $15.03M. 7.25% cap.
  3. Shopping Center in Carpentersville, IL: 57,876 SF well maintained shopping center anchored by Big Lots in a high income area. Across from Spring Hill Mall. Other tenants include: Fastsigns, Sherwin Williams, The UPS Store, Accent Blinds among others. 86% NNN leased. Actual NOI $263K/yr. $3.515M. 7.50% cap.
  4. Shopping Center in Decatur, GA: 67,716 SF shopping center on over 8 ac lot at a hard corner location in Atlanta suburbs. Anchored by Farmers Market and Family Dollar. 95% leased. NOI $347K/yr. $3.615M. 9.62% cap.
  5. MOB in Port Saint Lucie, FL: 6,656 SF Class-B single-tenant medical office building on over 1 ac lot along Hwy-1. 100% NNN lease with 7 yrs left to Resolute Anesthesia and Pain Solutions, a regional operator with 29 units. NOI $145K/yr. $2.2M. 6.60% cap.
  6. Shopping Center in Spring, TX: 38,120 SF shopping center on 3.42 ac lot anchored by La Michoacana Meat Market in Houston suburbs. Next to I-45. 100% NNN leased. NOI $523K/yr. $6.42M. 8.15% cap.
  7. Retail Center in Spring, TX: 31,535 SF well kept retail center on 3.68 ac lot in fast growing and high income Houston suburbs. Adjacent to I-45. 100% NNN leased. NOI $449K/yr. $5.47M. $5.47M. 8.22% cap.
  8. O'Reilly Auto Parts in Wheat Ridge, CO: 7,224 SF auto part center renovated in 2006 on .82 ac lot along main artery. Close to Arvada Marketplace East, a major center, Costco and I-70. 100% NNN lease with 2 yrs left. NOI $135K/yr. $1.8M. 7.50% cap.
  9. Retail Center in Gloucester City, NJ: 15,780 SF well kept retail center on nearly 2 ac lot in Philadelphia suburbs. Major tenants include, 10,000 SF Dollar General, Metro PCS and H&R Block. 93% NNN leased. NOI $146K/yr. $1.95M. 7.50% cap.
  10. Office Building in San Antonio, TX: 11,934 SF Class-A multi-tenant office building on .69 ac lot in growing (139% pop growth) and affluent (AHI $123K/yr in a 3 mile ring) area. Adjacent to North Central Baptist Hospital. 100% NNN leased to professional and medical tenants. NOI $208K/yr. $2.565M. 8.11% cap.
(c) Transmercial 2016
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