Monday, January 25, 2016

01-11: Lumber Liquidators, Rite Aid, Eco Thrift, Retail Centers, MOB


Daily Best Commercial Properties

  1. Retail Center in Zion, IL: 16,630 SF retail center constructed in 2001 on 3.25 ac lot in growing and upper middle class area with an AHI of $83K/yr. Adjacent to Walmart Supercenter. 100% NNN leased. NOI $122K/yr. $1.3M. 9.40% cap.
  2. Strip Center in Glenview, IL: 10,000 SF attractive strip center built in 2009 along major retail artery in affluent (AHI $144K/yr) Chicago suburbs. 100% NNN leased to Dunkin' Donuts, Adam's Kabob, Domino's and GH Fitness. NOI $233K/yr. $3.475M. 6.73% cap.
  3. MOB in Spring Hill, FL: 10,064 SF Class-B medical office building completed in 2003  in Tampa suburbs. Close to Bayfront Health Spring Hill Hospital. 100% NNN leased to two medical tenants. NOI $216K/yr. $1.8M. 12% cap.
  4. Retail Center in Phoenix, AZ: 12,980 SF retail center built in 2008 along busy artery. Tenants include: Mediterranean Market, Aqua Tots, Little Angels School, AZ Best Cleaners and Our Kitchen To Yours. NOI $247K/yr. $3.395M. 7.28% cap.
  5. Lumber Liquidators in York, PA: 8004 SF freestanding retail building on 1.26 ac lot. Across from 800,000 SF York Galleria Mall and with easy access to Hwy-30. 100% NNN lease with 8 yrs left. NOI $99K/yr. $1.4M. 7.10% cap.
  6. Rite Aid in Banning, CA: 27,469 SF Rite Aid Pharmacy on 2.51 ac lot in Riverside County. Part of a big center with Albertsons Grocery. Close to San Gorgonio Memorial Hospital. Across from Walmart Supercenter and with easy access to I-10. 100% NNN lease with 5 yrs left. NOI $407K/yr. $4.8M. 8.48% cap.
  7. Neighborhood Center in Billings, MT: 51,486 SF shopping center on 3.86 ac lot shadow anchored by Target. Major tenants include: Dollar Tree and T.J. Maxx. 91% leased. NOI $445K/yr. $6.36M. 7% cap.
  8. Retail Center in Salinas, CA: 21,694 SF well kept retail center on 2 ac lot shadow anchored by CVS Pharmacy along main retail corridor in a growing city. 100% leased to fourteen tenants. NOI $358K/yr. $5.738M. 6.25% cap. NOTE: flyer not available, full brochure upon request.
  9. Eco Thrift in Sacramento, CA: 38,536 SF single tenant retail building on over 4 ac lot. Visible and on off/on ramp of Hwy-99. Tenant has been at this location since 1982. Recently extended 10 yr lease.  Eco Thrift, a regional operator with seven locations. NOI $337K/yr with 3% annual rent increases. $5M. 6.75% cap. NOTE: flyer not available, full brochure upon request. 
  10. Retail Center in Tracy, CA:49,580 SF well maintained shopping center on 3.54 ac corner lot in upper middle-class San Joaquin County. 100% leased to 13 tenants. NOI $294K/yr. $3.926M. 7.50% cap. Flyer not available, full brochure upon request.

(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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