Thursday, March 17, 2016

03-03: Walgreens, Inline Center, The Learning Experience, Jimmy John's, Zaxby's, MOB, Dollar Tree



Daily Best Commercial Properties

  1. Walgreens in St Louis, MO: 13,035 SF Walgreens on .67 ac lot at a signalized corner location. Tenant has been at this location since 1986. 100% NNN- corp lease with over 5 yrs left. $2.355M. 6.50% cap. Location with estimated $15M (avg is $8M) in sales revenue/year.
  2. Inline Center in Spring, TX: 42,232 SF consisting of two inline retail centers renovated in 2009 on 4.71 ac corner lot in growing Houston suburbs. Shadow anchored by Kroger grocery.  94% leased. Actual NOI $444K/yr. $5.925M. 7.50% actual cap.
  3. The Learning Experience in Aurora, IL: 10,000 SF day care facility completed in 2015 on 1.36 ac lot in a high income area. 15 yrs NNN- lease. NOI $240K/yr with 8% rent increases every 5 yrs. $3.1M. 7.75% cap.
  4. Jimmy John's in Leawood, KS: 2420 SF franchised sandwich restaurant on .38 ac lot along main corridor in a high income area. Close to St. Joseph Medical Center and I-435. 15 yrs absolute NNN lease with 12 yrs left to a franchisee with 20 units.  NOI $83K/yr with 10% rent bumps every 5 yrs. $1.391M. 6% cap.
  5. Retail Center in Brookfield, WI: 10,977 SF well maintained retail center on over 1 ac lot in upper middle-class Milwaukee suburbs. 100% leased to Fugo Salon, Cosmo Prof, House of Beauty, H.I.I.T. Fitness, Hair Portfolio and AA Best Choice. NOI $104K/yr. $1.248M. 8.40% cap.
  6. Retail Center in Clermont, FL: 10,000 SF attractive retail center built in 2005 on 1.63 ac lot along busy corridor with 30,000 CPD in Orlando MSA. 100% NNN leased to seven tenants. NOI $103K/yr. $1.35M. 7.66% cap.
  7. Shopping Center in Allen, TX: 24,389 SF shopping center constructed in 1999 on 2.24 ac lot in growing and affluent Dallas metro with an AHI of $149K/yr in a 1 mile ring. Tenants include: Foundation Health Chiropractic, Best in Class Education Center, Absolute Dental, Crossfit 380 South, Legacy Wak and Coconut Express among other. 90% leased. NOI $359K/yr. $5.13M. 7% actual cap. Upside potential when fully leased.
  8. Zaxby's in Knightdale, NC: 3564 SF fast casual restaurant built in 2003 outparcel to Lowes grocery center in growing Raleigh suburbs. Across from Home Depot and Target center. Recently exercised 1st absolute NNN option lease with 3 yrs left. NOI$161K/yr. $1.995M. 8.12% cap. 
  9. Ambulatory Surgery Center in Southgate, MI: 9811 SF Class-B single-tenant medical office building on 1.20 ac corner lot. Tenant has been at this location since 1983. Recently executed NNN lease with over 13 yrs left. NOI $285K/yr. $3.615M. 7.90% cap.
  10. Dollar Tree in Redford, MI: 13,428 SF newly constructed retail building on .20 ac lot along busy artery in a middle-class area. 10 yrs NNN- corp lease. NOI $114K/yr. $1.64M. 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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