Friday, February 5, 2016

01-21: Outback Steakhouse, Old Santa Fe Mexican Grill, Goodyear, Golden Corral, Kroger



Daily Best Commercial Properties

  1. Outback Steakhouse in Garland, TX: 6163 SF franchised casual steakhouse restaurant on 1.78 ac lot in high income Dallas suburbs with an AHI of $99K/yr in 1 mile. Visible & along Hwy-190. New 15 yrs absolute NNN lease. NOI $209K/yr with 1% annual rent increases. $4.191M. 5% cap.
  2. Shopping Center in Coachella, CA: 85,035 SF fully renovated shopping center on 6.46 ac lot anchored by 99 Cents Only and Planet Fitness in a growing middle-class area in Riverside County. Shadow anchored by Cardenas market a regional operator with 30 locations. 80% leased. Actual NOI $772K/yr. $11.872M. 6.51% cap. Upside potential.
  3. Old Santa Fe Mexican Grill in Louisville, CO: 5128 SF newly renovated restaurant along main retail artery in high income (AHI $121K/yr) Denver suburbs. 100% NNN lease to an established operator with 4 yrs left. Close to Costco, Target and with easy access to Hwy-36. NOI $120K/yr. $1.7M. 7.06% cap.
  4. Office Building in San Jose, CA: 4300 SF well kept office building on .29 ac lot in highly desired Downtown location. Close to Hwy-87. $1.995M. Excellent opportunity for owner-user.
  5. Goodyear in Jupiter, FL: 11,150 SF auto center on 1.42 ac corner lot in growing and high income (AHI $98K/yr) area North of Lake Worth. Along busy artery and adjacent to Home Depot and Sports Authority Sporting Goods. 100% NNN lease with 3 yrs left. NOI $128K/yr. $2.595M. 6.40% cap.
  6. Golden Corral in Indianapolis, IN: 10,900 SF buffet restaurant built in 2004 on over 3 ac lot a busy retail artery.  With easy access to I-465. 20-yrs absolute NNN corp lease with 10 yrs left. NOI $140K/yr with 5% rent bumps in yr 11 & 16. $2.082M. 6.75% cap.
  7. Retail Center in Ogden, UT: 8800 SF attractive retail center on .44 ac lot in growing (38% pop growth since 2000) and middle-class (AHI $76K/yr) Layton MSA. 100% leased to Tammy, Children's Garden Montessori, Snap Fitness and Allstate. NOI $76K/yr. $976K. 7.80% cap.
  8. Kroger (S&P:BBB) in Springs, TX: 45,000 SF Kroger store on 4 ac corner lot in fast growing Houston metro. Tenant has been at this location since 1986. 100% corp lease with 5 yrs left.   NOI $249K/yr. $3.56M. 7% 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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