Thursday, February 25, 2016

02-11: Dunkin' Donuts, Tilted Kilt, Rite Aid, MOB, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in Houston, TX: 41,925 SF well maintained shopping center on nearly 4 ac lot at a signalized intersection. Major tenants include: Family Thrift Center, DaVita Dialysis and Fred Loya Insurance. 79% NNN leased. NOI $418K/yr. $5.4M. 7.76% cap.
  2. Dunkin' Donuts in Mableton, GA: 1872 SF recently renovated Dunkin' Donuts on .69 ac lot along major artery in fast growing and high income Atlanta suburbs. New 20 yrs NNN lease. NOI $57K/yr with 10% rent bump in year 10. $1.018M. 5.60% cap.
  3. Tilted Kilt in Jacksonville, FL: 9120 SF franchised Titled Kilt Sports Bar and Restaurant on 1.24 ac lot in growing (373% pop growth since 2000) and upper middle-class area. Adjacent to Cinemark Theater. Newly executed 15 yrs NNN lease. NOI $180K/yr with 10% rent bumps every 5 yrs. $2.769M. 6.5% cap.
  4. Retail Center in Chandler, AZ: 5,372 SF retail center on .42 ac outparcel to Bashas’ grocery & Petco center in Phoenix suburbs. Close to Chandler Fashion Center with more than 180 stores. 100% NNN leased. NOI $129K/yr. $1.85M. 7% cap.
  5. Rite Aid in Sacramento, CA: 16,800 SF well maintained Rite Aid drug store constructed in 2001 on 1.60 ac lot at a hard corner location on the busy Stockton Boulevard. 20 yrs NNN corp lease with 5 yrs left. NOI $403K/yr. $6.5% cap. 6.20% cap.
  6. Strip Center in Northlake, IL: 5506 SF attractive retail center along major thoroughfare in a high income area. Close to Kindred Hospital. 100% leased to Family Dentistry, Northlake Chiropractic and Northlake Animal Hospital. NOI $77K/yr. $995K. 7.79% cap.
  7. MOB in Oxnard, CA: 7872 SF Class-B multitenant medical office building on .71 ac lot in growing middle-class Southern California. 100% leased. NOI $70K/yr. $1.3M. 5.44% cap.
  8. Retail Center in Cincinnati, OH: 20,000 SF recently renovated retail center on 2 ac lot. Adjacent to major centers and with easy access to I-71. 92% leased. Actual NOI $243K/yr. $3.25M. 7.48% cap.
  9. Medical Office Building in Folsom, CA: 6274 SF Class-B office building completed in 2000 in high income (AHI $114K/yr) Sacramento suburbs. Across from Mercy Hospital of Folsom. 100% leased to four medical tenants. NOI $139K/yr. $2.227M. 6.25% cap.
  10. Shopping Center in Rialto, CA:25,352 SF  well maintained retail center on 1.78 ac lot along main artery in San Bernardino County. 100% NNN leased with good tenant mix. NOI $263K/yr. Price reduced from $4M to $3.93M. 6.70% 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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