Friday, February 19, 2016

02-05: TGI Fridays, CVS Pharmacy, Advance Auto Parts, Shopping Centers, MOB's


Daily Best Commercial Properties

  1. Shopping Center in South Holland, IL: 34,288 SF shopping center renovated in 1995 on over 2 ac lot at a signalized intersection and along busy retail artery. Close to 1,200,000 SF River Oaks Mall and I-94. Major tenants: Family Dollar, Subway, Allstate Insurance, Boost Mobile and Currency Exchange. 100% NNN leased. NOI $311K/yr. $3.665M. 8.50% cap.
  2. MOB in Asheville, NC: 10,552 SF Class-A multitenant medical office building in a fast growing area. Adjacent to Mission Hospital. 100% NNN leased to three medical tenants. NOI $190K/yr. $2.8M. 6.80% cap.
  3. Office Building in Apex, NC: 19,388 SF Class-B office building in growing and affluent (AHI $121K/yr) Raleigh suburbs. 100% leased to multiple tenants. NOI $209K/yr. 2.436M. 8.60% cap.
  4. Office Building in Miami Gardens, FL: 39,321 SF totally renovated four story office building on 1.34 ac lot along major retail thoroughfare. Across from Walmart Supercenter, close to Jackson North Medical Center and I-95. 75% NNN leased to multiple tenants. Actual NOI $607K/yr. $7.15M. 8.50% actual cap. Upside potential.
  5. TGI Fridays in Mentor, OH: 7384 SF casual dining restaurant in Cleveland suburbs. Close to Great Lakes Mall and with easy access to Hwy-2. Site currently undergoing renovation to new prototype. New 20 yrs absolute NNN lease to an experienced franchisee with 15 units. NOI $209K/yr. $2.855M. 7.35% cap.
  6. CVS in Lilburn, GA: 10,125 SF CVS drug store completed in 1999 at a signalized intersection in growing Atlanta metro. 100% absolute NNN lease with 3 yrs left. NOI $221K/yr. $2.271M. 9.75% cap.
  7. Advance Auto Parts in Centennial, CO: 6124 SF single-tenant retail building on .76 ac corner lot at a busy corridor in Denver suburbs. Near Littleton Adventist Hospital. 15 yrs NNN- lease with 9 yrs left. NOI $133K/yr. $2.193M. 6.10% cap.
  8. Retail Center in Riddle River, MD: 11,753 SF attractive retail center built in 2008 on 2.57 ac lot in Baltimore MSA. 100% leased to five national and regional tenants including 7 Eleven, Dominos. NOI $208K/yr. $2.9M. 7.20% cap.
  9. Retail Center in Coral Springs, FL: 14,232 SF well maintained retail center. Adjacent to Walgreens, Target and Home Depot. NNN leased. Close to other major centers.  NOI $328K/yr. $3.6M. 9.12% cap.
  10. Retail Center in Homewood, IL: 6513 SF three units retail center along busy retail artery in an upper middle-class area. Outparcel to Park Place Plaza with Jewel-Osco and Home Depot, Target and Menards. Across from T.J. Maxx. 81% leased. 7.75% cap. NOI N/A.
(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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