Wednesday, March 16, 2016

03-02: Walgreens, Kiddie Academy, Zio's Italian Kitchen, Goodwill, Retail Centers, MOB


Daily Best Commercial Properties

  1. Retail Center in Lilburn, GA: 12,921 SF well maintained retail center along major artery in growing and high income Atlanta metro with an AHI of $82/yr in a 1 mile radius. Adjacent to Lowe's. 100% leased. NOI $96K/yr. $1.2M. 8% cap.
  2. Walgreens in Columbia, SC: 15,120 SF attractive drive-thru pharmacy completed in 2002 on 1.25 ac lot at a hard corner location. Across from Richland Mall. 20 yrs NNN- lease with over 6 yrs left. NOI $427K/yr. $5.695M. 7.50% cap.
  3. Retail  Center in Richmond, CA: 12,163 SF consisting of two retail buildings on over 1 ac outparcel to Target in Contra Costa County. Close to I-80. Credit tenants include: AT&T, Panda Express, Sally Beauty and Subway. 74% NNN leased. Actual NOI $532K/yr. $7.574M. 7.03% actual cap.
  4. Medical Office Building in Corona, CA: 26,674 SF well maintained medical office buildings on 2.13 ac lot in Riverside County. Adjacent to Corona Regional Rehabilitation Hospital. With easy access to I-15. 97% leased. NOI $470K/yr. $7.84M. 6% cap.
  5. Shopping Center in Prunedale, CA: 131,601 SF shopping center on 18.85 ac lot anchored by well performing Safeway and CVS Pharmacy in high income town. 87% leased with good tenant mix including; Starbucks, McDonalds, Taco Bell, AutoZone and Verizon among others. NOI $1.323M/yr. Price not disclosed.
  6. Retail Center in Arlington, TX: 6000 SF retail center built in 2005 on nearly 1 ac corner lot in growing Fort Worth/Dallas suburbs. Major tenant: Starbucks. 100% NNN leased. NOI $149K/yr. $2.3M. 6.50% cap.
  7. Kiddie Academy in West Caldwell, NJ: 11,500 SF built-to-suit day care facility completed in 2014 on over 2 ac lot in affluent (AHI $142K/yr) New York metro. 15 yrs NNN lease. NOI $223K/yr with 2% annual rent increases. $3.725M. 6% cap.
  8. Zio's Italian Kitchen in Olathe, KS: 7662 SF Italian Restaurant on .44 ac outparcel to AMC/MAX Theatre. Adjacent to major Power Centers and close to I-35. 15 yrs absolute NNN lease with over 6 yrs left. NOI $286K/yr with 10% rent bumps every 5 yrs. $3.365M. 8.50% cap.
  9. Goodwill in Las Vegas, NV: 21,900 SF retail building on nearly 2 ac lot along major artery. Next to Walmart Supercenter. Tenant has been at this location since 1979. 20 yrs NNN lease with 10 yrs left. NOI $454K/yr. $6.625M. 6.86% 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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