Wednesday, March 2, 2016

02-17: El Pollo Loco, Tutor Time, Office Buildings, Shopping Centers, MOB's



Daily Best Commercial Properties

  1. El Pollo Loco in San Antonio, TX: brand new free-standing drive-thru Mexican style grilled chicken restaurant  outparcel to Home Depot and Gold's Gym shopping center. 20 yrs absolute NNN ground lease (land for sale). NOI $125K/yr with 12% rent increases every 5 yrs. $2.272M. 5.5% cap. Note: Flyer not available, full brochure upon request.
  2. Office Building in Glendale, AZ: 36,040 SF Class-B multitenant office building on 3 ac lot in growing Phoenix suburbs. Close to Abrazo Arrowhead Campus Hospital and Arrowhead Towne Center. 72% leased. Actual NOI $355K/yr. $5M. 7.10% actual cap. Upside potential when fully leased.
  3. Retail Building in Goodyear, AZ: 35,199 SF In-line retail building completed in 2000 on over 7 ac lot in growing Phoenix suburbs. Shadow anchored by Target and across from West Valley Hospital. Good tenant mix including Michaels and Starbucks. 100% NNN leased. NOI $396K/yr. $6.2M. 6.40% cap.
  4. Retail Center in Crestwood, IL: 15,812 SF retail center built in 2008 on 2.36 ac lot along major retail corridor. Across from Rivercrest Shopping center with Target, Ross Dress for Less, AMC Theater and more. 100% NNN leased to AT&T, FedEx and Ingalls Care Center. NOI $366K/yr. $4.821M. 7.60% cap.
  5. Shopping Center in Ypsilanti, MI: 27,816 SF well maintained shopping center on 3.63 ac lot at a hard corner location in a growing and upper middle-class Ann Arbor metro. Across from Target and Meijer. Near Hwy-23. NOI $384K/yr. $4.8M. 8% cap.
  6. MOB in Cape Coral, FL: 39,579 SF high-quality construction medical office building along major artery in Fort Myers suburbs. 100% NNN leased to multiple tenants. NOI $898K/yr. $12.5M. 7.20% cap.
  7. Strip Center in Escalon, CA: 9865 SF strip center built in 2007 on .85 ac lot in San Joaquin County. North of Modesto. 72% NNN leased to O'Reilly Auto Parts. Actual NOI $125K/yr. $1.65M. 7.60% cap.
  8. Medical Office Building in Woodridge, IL: 10,135 SF Class-B multitenant office building constructed in 1995 on .89 ac lot in a high income neighborhood. Close to I-355. Key tenant: DuPage Medical. 100% leased. NOI $102K/yr. $1.275M. 8.06% cap.
  9. Tutor Time in West Bloomfield, MI: 14,000 SF day care facility in affluent area with an AHI of $113K/yr in a 1 mile ring. 100% NNN- leased with 9 yrs left. NOI $264K/yr with rent increases every 5 yrs. $3.406M. 7.75% cap. $3.406M. 7.75% cap.
  10. Shopping Center in Owings Mills, MD: 59,918 SF shopping center built in 2001 on nearly 7 ac lot in high income Baltimore suburbs. Anchored by 37,985 SF Food Lion grocery, a chain with 1100 stores. 98% leased. Pro forma NOI $1.04M/yr. $11.559M. 9% pro forma 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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