Friday, January 22, 2016

01-08: Hometown Buffet, Walgreens, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Hometown Buffet in Vacaville, CA: 8600 SF Hometown Buffet on 1.33 ac lot in growing upper middle-class (AHI $84K/yr in a 3 mile ring) city near Sacramento. Adjacent to Vacaville Premium Outlets, Sam's Club and Walmart Supercenter. Close to I-80.   20-yrs absolute NNN corp lease with over 4 yrs left. NOI $154K/yr. Price reduced from $2.808M. to $2.686M. 5.75% cap.
  2. Retail Center in Rohnert Park, CA: 11,528 SF well maintained retail center on .89 ac lot in a growing City North of San Francisco. Adjacent to several major shopping center and with easy access to Hwy-101. 100% leased. NOI $133K/yr. $1.95M. 6.85% cap.
  3. Shopping Center in Las Cruces, NM: 25,267 SF shopping center constructed in 2004 on 2.63 ac lot. Near Walmart Supercenter. close to Mesilla Valley Mall and I-25. 80% leased. NOI $189K/yr. $2.49M. 7.60% cap.
  4. Strip Center in Marlton, NJ: 12,450 SF strip center on 2.66 ac lot at a signalized intersection along major artery in affluent (AHI $117K/yr) Philadelphia suburbs. 100% leased to fine tenants. NOI $254K/yr. Price & NOI N/A.
  5. Retail Center in Fountain, CO: 16,690 SF attractive retail center on nearly 2 ac lot in growing middle-class Colorado Springs suburbs. Across from Safeway center. 100% NNN leased with good tenant mix. NOI $328K/yr. $4.694M. 7% cap.
  6. Retail Buildings in Fountain, CO: 29,428 SF consisting of two retail buildings on over 8 ac lot Shadow anchored by Safeway grocery and along main corridor. 100% NNN leased. Tenants include Pizza Hut, UPS Store, Subway, State Farm, Wells Fargo, Federal navy Credit Union, Fantastic Sams, and more. NOI $706K/yr. $10.098M. 7% cap.
  7. Walgreens in Sharonville, OH: 13,905 SF Walgreens constructed in 1998 on nearly 2 ac lot at a hard corner location in high income (AHI $94K/yr in a 3 mile ring) Cincinnati suburbs. 100% NNN lease with 3 yrs left. NOI $290K/yr. $3.742M. 7.75% cap.
  8. Shopping Center in Cedar Park, TX: 20,135 SF attractive shopping center built in 2007 on nearly 3 ac lot in fast growing and high income Austin MSA. Close to Cedar Park Regional Medical Center. Major tenants include: State Farm Insurance, Thundercloud Subs, Edible Arrangements, Texon Eye and Blue Corn Harvest Bar & Grill. 100% NNN leased. NOI $400K/yr. $6.156M. 6.50% cap.
  9. Neighborhood Center in Fort Wayne, IN: 84,560 SF mature shopping center on 8.54 ac lot along busy retail artery. Adjacent to several shopping center including 1,200,000 SF Glenbrook Square Mall. 96% leased. Actual NOI $372K/yr. $3.995M. 9.32% cap. Upside potential.     
(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.
 

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