Monday, January 4, 2016

12-16: Complete Emergency Care, Chicken Express, BWW, MOB, Shopping Centers


Daily Best Commercial Properties

  1. Retail Buildings in Baltimore, MD: 5785 SF consisting of two retail buildings at a signalized intersection & along busy corridor. 100% NNN leased to Burger King and Ace Cash Express. NOI $157K/yr. $2.25M. 7% cap.
  2. MOB in Springfield, IL: 17,680 SF Class-B multitenant medical office building constructed in 1998 on 1.63 ac lot in a middle class city.  Anchored by DaVita Dialysis, currently in negotiation for a lease renewal. 100% leased. NOI $163K/yr. $1.969M. 8.30% cap. 
  3. Complete Emergency Care in Pantego, TX: 5400 SF newly renovated urgent care center on .55 ac lot in fast growing Ft. Worth/Dallas suburbs. New 10 yrs NNN lease with 4 yrs corp guaranty. NOI $135K/yr with 10% rent increases every 5 yrs. $2.076M. 6.50% cap.
  4. Shopping Center in Tucson, AZ: 50,200 SF well maintained shopping center on over 4 ac lot at a hard corner location in fast growing area. Close to Foothills Mall. 100% NNN leased. NOI $544K/yr. $7.619M. 7.15% cap.
  5. MOB in Modesto, CA: 6000 SF Class-A single-tenant medical office building on .43 ac lot. 100% NNN lease with 3 yrs left to US Health Works. NOI $140K/yr. $1.95M. 7.20% cap.
  6. Shopping Center in Plano, TX: 35,615 SF attractive shopping center built in 2006 on over 4 ac lot in growing and affluent Dallas suburbs with an AHI of $142K/yr. 87% NNN lease with good tenant mix including separately platted 7-Eleven ground lease (land for sale). Actual NOI $648K/yr. $8.709M. 7.45% cap.
  7. Chicken Express in El Paso, TX: 3096 SF brand new fast food restaurant on .75 ac lot. Close to Foundation Surgical Hospital and I-10. New 20 yr absolute NNN lease. NOI $98K/yr. $1.4M. 7% cap.
  8. Professional & Medical Office Complex in Manteca, CA: 18,699 SF Class-B professional & medical office complex on over 1 ac lot along main thoroughfare. Good demographics: growing and upper middle-class San Joaquin County. Close to Doctors Hospital of Manteca. 95% leased to multiple tenants. Actual NOI $174K/yr. $2.25M. 7.76% cap.
  9. MOB in Southgate, MI: 9811 SF Class-B single-tenant medical office building on 1.20 ac lot. Tenant has been at this property since 1983. New 13.5 yrs NNN lease to Southgate Surgery Center, an independent Medicare-certified ambulatory facility. NOI $285K/yr. $3.615M. 7.90% cap.
  10. Buffalo Wild Wings in Lewisville, TX: 5981 SF American casual dining restaurant and sport bar built in 2002 on over 1 ac outparcel to Costco. Close to Vista Ridge Mall. Visible/easy access to I-35E and Hwy-121. 15 yrs absolute NNN lease with over 4 yrs left. NOI $188K/yr with 1% annual rent increases. $3.146M. 6% cap.
(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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