Wednesday, February 24, 2016

02-10: MOB, Accelerated Urgent Care, Surgery Center, Wendy's, Pizza Hut, Shopping Centers


Daily Best Commercial Properties

  1. MOB in Colorado Springs, CO:12,457 SF Class-B multitenant medical office building constructed in 1997 on nearly 1 ac lot. Adjacent to several major medical practices and close to Memorial Hospital Central. 100% NNN leased to five tenants. NOI $122K/yr. $1.66M. 7.39% cap.
  2. Shopping Center in Tampa, FL: 41,691 SF attractive shopping center built in 1991 on 4.20 ac lot at a hard corner location anchored by Save A Lot grocery. NOI $298K/yr. $3.95M. 7.55% cap.
  3. Shopping Center in Vallejo, CA: 30,853 SF recently renovated shopping center on nearly 3 ac lot along major artery in San Francisco suburbs. 100% NNN leased to 99 Cents Only, Pace Solano and Cost Rite Furniture. NOI $389K/yr. $6.495M. 6% cap.
  4. Accelerated Urgent Care in Bakersfield, CA:6,500 SF freestanding single-tenant medical building renovated in 2015 on .63 ac lot at a hard corner location. 10 yrs NNN corp lease. NOI $214K/yr with a 10% rent bump in yr 6. $3.575M. 6% cap.
  5. Strip Center in Reseda, CA: 8304 SF well kept strip center on .39 ac lot at a signalized intersection in densely populated Los Angeles area with over 590,000 residents in a 5 mile ring. 85% NNN leased. Actual NOI $156K/yr. $2.525M. 6.20% cap.
  6. Retail Center in Bossier City, LA: 14,000 SF attractive retail center built in 1996 at a highly visible location. Tenants include: AT&T Wireless, Game X Change, Eyebrow Threading, and more, Cook Orthodontics and Solar Nails. Adjacent to Pierre Bossier Mall, with 70 stores. 78% NNN leased. Actual NOI $178K/yr. $2.225M. 8% actual cap. Upside potential when fully leased.
  7. Surgery Center in Union, NJ: 6600 SF single-tenant medical office building completed in 2001 in growing and high income New York metro. 10 yrs NNN lease. NOI $204K/yr wit 2.5% annual rent bumps starting in yr 3. $2.9M. 7.06% cap.
  8. Retail Center in Tempe, AZ: 10,971 SF retail center on .89 ac outparcel to Dollar Tree and Smart & Final center in Phoenix suburbs. 85% leased five tenants with only 1 vacancy. $1.611M. NOI/Cap N/A.
  9. Wendy's in Redding, CA: 2901 SF fast food restaurant on over 1 ac lot along busy retail corridor. Across from Kmart, Ross Dress for Less and 99 Cents Only center. Visible and with easy access to I-5. 100% NNN lease with over 18 yrs left to an experienced operator. NOI $131K/yr. $2.635M. 5% cap.
  10. Pizza Hut in Montebello, CA: 1950 SF fast food restaurant on .30 ac lot along major artery in growing middle-class Los Angeles County with over 650K residents within 5 miles ring. Tenant has been at this location since 1971. Close to Beverly Hospital. 100% NNN leased with 2 yrs left. NOI $55K/yr. $1.05M. 5.30% 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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