Monday, February 22, 2016

02-08: 99 Cents Only Store, MOB, CVS Pharmacy, Retail Centers


Daily Best Commercial Properties

  1.  99 Cent Only Store in Bakersfield, CA: 13,900 SF single-tenant retail building constructed in 2014 on 1.44 ac lot in a high income (AHI $98K/yr) area.  10 yrs NNN- corp lease. NOI $216K/yr.  with 14.8% rent bumps in the 1st option.  $3.756M. 5.75% cap.
  2. Retail Center in Addison, TX: 29,946 SF well maintained retail center on over 3 ac lot in a fast growing upper middle-class area. 89% leased with several long-term tenants. NOI $281K/yr. $3.75M. 7.50% actual cap. Upside potential.
  3. Office Building in Lanham, MD: 12,500 SF well kept office building on 1.37 ac lot in affluent Washington MSA with an AHI of $104K/yr in a 1 mile ring. 90% leased. NOI $126K/yr. $1.4M. 9% cap.
  4. Retail Center in San Antonio, TX: 13,902 SF attractive retail center on nearly 1 ac lot along busy artery. Good demographics: 29% pop growth and $94K/yr in a 1 mile radius. 100% NNN leased. NOI $232K/yr. $2.9M. 8% cap.
  5. Strip Center in Killeen, TX: 8580 SF strip center built in 2008 on .67 ac lot in a growing city. Tenants include: Daycare, Barber Shop, Convenience Store, Beauty Shop and Dental Office. 100% leased. Price/NOI N/A.
  6. MOB in Harbor City, CA: 6990 SF well kept medical office building in densely populated Southern California. Close to Kaiser Permanente. 100% leased to four long-term tenants. NOI $138K/yr. $2.5M. 5.54% cap.
  7. Retail Center in Plainfield, IL: 15,480 SF retail center on 1.61 ac lot in a growing and affluent (AHI $121K/yr) area. Across from Meijer grocery and close to Jewel-Osco and Menards groceries. 92% NNN leased to excellent tenant mix. NOI $377K/yr. $5.092M. 7.41% cap.
  8.  CVS in Jonesboro, GA: 11,045 SF CVS Pharmacy constructed in 1997 on .92 ac lot at a signalized intersection and at a major retail corridor in Atlanta metro. 100% NNN lease with 2 yrs left. NOI $218K/yr. $2.43M. 9% 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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