Thursday, February 18, 2016

02-04: Retail Centers, Shopping Centers, Hooters, Rib City, Hereford House


Daily Best Commercial Properties

  1. Retail Center in Phoenix, AZ: 15,498 SF consisting of two attractive retail buildings completed in 2008 on 2.26 ac lot at a signalized intersection in a fast growing & middle-class area. Good tenant mix: Mi Ranchito Market, Ray Barbeque, Nail Salon, Metro PCS, Smoke Shop, Kabob Express & Smoothie Run. 92% NNN leased. Actual NOI $178K/yr. $2.465M. 7.25% actual cap. Upside potential. Note, flyer not avail, full OM upon request.
  2. Hooters & Rib City in Springdale, OH: 20,000 SF retail building on 3 ac lot at a signalized intersection in growing middle-class Cincinnati suburbs. Adjacent to movie theater and close to I-275. 100% NNN lease to Hooters and Rib City, a family-style barbecue restaurant with 13 locations. Hooters will sign a 20-yrs NNN lease at close of escrow. NOI $199K/yr. $2.857M. 7% cap.
  3. Shopping Center in Tempe, AZ: 58,066 SF recently remodeled shopping center on 5.54 ac lot at a hard corner location in Phoenix suburbs. 98% NNN leased to eight tenants including Goodwill. NOI $709K/yr. $8.65M. 8.2% cap.
  4. Retail Center in Houston, TX: 15,542 SF retail center built in 1998 on 1.81 ac lot. Shadow anchored by Foodtown grocery and across from 99 cents Only Stores center. 90% leased with good tenant mix including, Papa John's Pizza and GNC. NOI $211K/yr. $2.9M. 7.28% cap.
  5. Hereford House in Leawood, KS:11,055 SF Steakhouse on over 1 ac outparcel to Town Center Plaza - a major open-air lifestyle center with over 90 stores in high income (AHI $130K/yr) Kansas City suburbs. 15 yrs absolute NNN lease with 11 yrs left. NOI $254K/yr with 2% or CPI annual rent bumps.  $3.512M. 7.25% cap.
  6. Retail Center in La Habra, CA: 8120 SF well maintained strip center on .58 ac lot along busy retail corridor in densely populated Los Angeles suburbs. Close to Costco. 86% leased. Actual NOI $69K/yr. $1.325M. 5.22% actual cap. Upside potential.
  7. Strip Center in Milwaukee, WI: 8034 SF strip center built in 2012 on .82 ac lot along major retail artery. Close to Walmart Supercenter and Saint Luke's Medical Center. 100% NNN leased to Mattress Firm, T-Mobile and UBreakiFix. NOI $185K/yr. $2.435M. 7.60% cap.
  8. Retail Center in Roswell, GA: 8000 SF retail center on nearly 1 ac corner lot in growing and affluent Atlanta metro with an AHI of $105K/yr in a 1 mile radius. 100% NNN leased. NOI $93K/yr. $1.2M. 7.80% cap.
  9. Retail Center in Glendale, AZ: 12,000 SF well maintained retail center on .76 ac lot in growing Phoenix suburbs. Shadow anchored by Fry's Food grocery. 100% leased. NOI $140K/yr. $1.975M. 7.09% cap.
  10. Retail Center in Sterling Heights, MI: 28,210 SF shopping center on 2.29 ac lot in a growing middle-class area. All units face main corridor. 84% leased with good mix of local tenants. NOI $177K/yr. $2.536M. 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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