Wednesday, January 27, 2016

01-13: Auto Center, Dollar Tree, MOB, Retail Centers, Shopping Centers



Daily Best Commercial Properties

  1. Shopping Center in Santa Ana, CA: 77,610 SF consisting of four mixed-use retail buildings on over 4 ac lot at a signalized corner location in densely populated Southern California. Across from Santa Ana College and adjacent to Bristol Marketplace, a major center with Target and Smart & Final Extra. 90% leased to retail and medical tenants. NOI $1.077M/yr. $17.685M. 6.09% cap.
  2. Tire Plus Auto Center in Coral Springs, FL: 6180 SF well maintained retail building completed in 1999 at a corner location. 20 yrs NNN lease with 2 yrs left. NOI $171K/yr. $2.365M. 7.25% cap.
  3. Retail Center in Romeoville, IL: 29,209 SF attractive retail center constructed in 1990 on 4.83 ac lot in a growing and upper middle-class area. NOI $375K/yr. $5M. 7.50% cap.
  4. Shopping Center in New Hope, MN: 42,415 SF shopping center built in 1990 on nearly 5 ac corner lot in Minneapolis suburbs. Major tenants: Ace Hardware and Anytime Fitness. 95% leased. NOI $503K/yr. $6.95M. 7.25% cap.
  5. Neighborhood Center in Romeoville, IL: 60,999 SF shopping center built in 2004 on over 10 ac lot at a hard corner location in a growing and upper middle-class area. Shadow anchored by Jewel Osco grocery. 100% NNN leased with good tenant mix. NOI $1.235 $16.9M. 7.31% cap.
  6. Dollar Tree in Petersburg, FL: 9900 SF high-quality constructed Family Dollar store built in 2006 on .88 ac lot. 100% NNN corp lease with 2 yrs left.  NOI $150K/yr.  $1.875M. 8% cap.
  7. Retail Center in Compton, CA: 6566 SF attractive retail center built in 2008 on .64 ac corner lot in Los Angeles County with over 750K residents in 5 miles ring. Adjacent to CVS Pharmacy. 79% NNN leased to Cricket Wireless, Liberty Tax, Subway, and Smoke 4 Less. Actual NOI $130K/yr. $2.151M. 6.05% cap. Upside Potential.
  8. MOB in Columbus, OH:10,490 SF attractive medical office building at a busy thoroughfare.  Close to Mt Carmel East Hospital and I-270. 100% NNN leased to multiple tenants. NOI $166K/yr. $2.292M. 7.25% cap.
  9. Retail Center in Wheaton, IL: 14,630 SF eye-catching retail center along busy retail corridor in an affluent neighborhood with an AHI of $116K/yr in a 3 mile radius. All units face main thoroughfare. 100% NNN leased. NOI $195K/yr. $2.7M. 7.25% 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.


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