Monday, January 4, 2016

12-18: Rib Crib, Legacy ER & Urgent Care, Retail Centers


Daily Best Commercial Properties

  1. Rib Crib in Oklahoma City, OK: 4950 SF BBQ Restaurant on 1.65 ac lot along major thoroughfare. Close to Integris Baptist Medical Center. 100% absolute NNN corp lease with 5 yrs left. NOI $105K/yr with 1.5% annual rent increases. $1.354M. 7.75% cap.
  2. Shopping Center in New Orleans, LA: 31,755 SF completely redeveloped in 2014 on over 2 ac lot. With easy access to I-10. Tenants include: Planet Fitness, LA Nail & Spa, Sports Zone, Young Fashions, Cell One Store and Pizza Hut. 92% NNN leased. NOI $306K/yr. $3.95M. 7.76% cap.
  3. Davita Retail Building in Fort Wayne, IN: 11,758 SF retail building on nearly 2 ac lot. 100% NNN leased to DaVita with new 12 yrs lease and  Indiana Bureau of Motor Vehicles. NOI $147K/yr. $1.95M. 7.55% cap.
  4. Legacy ER & Urgent Care: 10,985 SF attractive medical office building completed in 2004 on over 1 ac lot in fast growing and high income (AHI $136K/yr) Ft. Worth/Dallas MSA. 10 yrs absolute NNN lease with over 9 yrs left to a regional operator. NOI $252K/yr with 10% rent increases every 5 yrs. $3.828M. 6.60% cap.
  5. Strip Center in Elk Grove Village, IL: 7000 SF well maintained strip center in upper middle-class Chicago suburbs. Close to Alexian Brothers Medical Center. 100% NNN leased to mostly stable long-term tenants. NOI $105K/yr. $1.375M. 7.70% cap.
  6. Retail Center in Campton Hills, IL: 4000 SF attractive retail center constructed in 2000 in affluent neighborhood with an AHI of $119K/yr in a 1 mile radius. 100% NNN leased to Edward Jones, Great Clips and Crafts Pizza. NOI $72K/yr. $1.025M. 7% 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.

No comments:

Post a Comment