Monday, January 11, 2016

12-28: Burger King, MOB, The Goddard School, Office Buildings, Strip Centers


Daily Best Commercial Properties

  1. Burger King in Lawrence, MA: 2921 SF drive-thru fast food restaurant on .59 ac corner lot in Boston suburbs. Close to Lawrence General Hospital. 100% absolute NNN corp lease. NOI $96K/yr with 10% rent bumps every 5 yrs. $1.7M. 5.70% cap.
  2. Neighborhood Center in Rohnert Park, CA: 77,751 SF well maintained shopping center on over 7 ac lot anchored by Walmart Neighborhood Market in a growing & upper middle-class city North of San Francisco. 80% leased. Actual NOI $746K/yr. $15.8M. 4.73% cap.
  3. Office Building in Modesto, CA: 11,272 SF Class-B office building on .40 ac lot in a middle-class City. 73% leased to multiple tenants. Actual NOI $57K/yr. $1.1M. 5.24% cap.
  4. The Goddard School in O'Fallon, MO: 10,800 SF education center constructed in 2003 on 1.45 ac lot. Good demographics: 147% pop growth & AHI of $106K/yr in a 1 mile ring. 100% NNN lease with 9 yrs left. NOI $288K/yr. $3.602M. 8% cap.
  5. Office Building in Dublin, OH: 10,900 SF multitenant office building on 1.65 ac lot in affluent Columbus suburbs with an AHI of $168K/yr. Part of Muirfield Village Office Suites. 100% NNN leased to multiple tenants. NOI $84K/yr. $1.050M. 8% cap.
  6. MOB in Saint George, UT: 15,898 SF well kept multitenant medical office building on .61 ac lot. Across from Dixie Regional Medical Center. NNN leased. NOI $220K/yr. $3.5M. 6.30% cap.
  7. Office Building in Las Vegas, NV: 34,560 SF Class-B office building on 2 ac lot along busy corridor. Close to Spring Valley Hospital. 96% leased. $4.19M.
  8. Strip Center in Parker, CO: 11,753 SF strip center built in 2008 on over 1 ac lot in high income (AHI $123K/yr in a 3 mile radius) Denver suburbs. 100% NNN leased to six quality local tenants. NOI $259K/yr. $3.927M. 6.60% 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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