Tuesday, March 8, 2016

02-22: AAP, The Learning Experience, Professional Complex, Retail Center, Strip Centers


Daily Best Commercial Properties

  1. Advance Auto Parts in Cincinnati, OH: 6720 SF well maintained auto center built in 2003 at a .66 corner lot location and along busy corridor. 100% NNN- corp lease with 8 yrs left. $2.021M. 6.65% cap.
  2. Retail Center in Tacoma, WA: 19,000 SF mature retail center on 4 ac lot in growing Seattle suburbs. 100% leased. Major tenants include: H&R Block, Boost Mobile, Brave Hearts and M&M Liquor & Wine. NOI $385K/yr. $5.5M. 7% cap.
  3. Professional Complex in Littleton, CO: 19,474 SF Class-B multitenant office building on over 2 ac lot in growing and high income Denver MSA with an AHI of $103K/yr in a 3 mile ring, 85% leased to professional and medical tenants. NOI $206K/yr. $2.95M. 7.01% cap.
  4. Retail Center in Round Lake Beach, IL: 28,706 SF retail center completed in 2000 on over 3 ac lot in a high income neighborhood. Adjacent to Home Depot. 100% leased. NOI $324K/yr. $4.45M. 7.3% cap.
  5. Office Building in Tustin, CA: 10,560 SF Class-B multitenant office building on .22 ac lot in high income (AHI $102K/yr) & densely populated Los Angeles suburbs with over 500,000 residents in a 5 mile ring. Adjacent to major centers with Trader Joe's, Sprouts Farmers Market and Albertsons. NOI $142K/yr. $2.375M. 6% cap.
  6. Shopping Center in Cedar Park, TX: 34,245 SF attractive shopping center constructed in 2002 on 4.49 ac lot in fast growing and high income Austin suburbs with an AHI of $100K/yr. Good tenant mix: Goodwill, Dominos, dentist, orthodontist, restaurant and more. 94% leased. Actual NOI $531K/yr. $7.5M. 7.09% actual cap. Upside potential.
  7. Strip Center in South Bend, IN: 7805 SF strip center shadow anchored by Walmart and Lowe's. With easy access to Hwy-31. 100% NNN leased to Verizon Wireless, Midwest Kosher Deli, Sweet Frog and MK's Barber Shop. NOI $148K/yr. $2.072M. 7.15% cap.
  8. Retail Center in Springfield, MO: 20,000 SF attractive retail center on over 2 ac lot. Adjacent to new Planet Fitness. 89% NNN leased with good tenant mix. $2.295M. NOI N/A.
  9. The Learning Experience in Katy, TX: 11,077 SF day care facility completed in 2009 on 1.74 ac lot in high income Houston suburbs. 15 yrs NNN- lease with 10 yrs left. NOI $282K/yr with 12% rent bumps every 5 yrs. $3.995M. 7.06% cap.
  10. Retail Building in Montgomery, AL: 5040 SF attractive single-tenant retail building. Across from The Shoppes at EastChase with Kohl's, Target, World Market, Ross Dress for Less, Pier 1 Imports to name a few. With easy access to I-85. 100% leased to a regional tenant with 100 locations. NOI $101K/yr with 3% annual rent increases. $1.45M. 7% 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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