Monday, March 21, 2016

03-07: Red Lobster, AutoZone, Aaron's, Dunkin' Donuts & Baskin Robbins, MOB, Mixed-use


Daily Best Commercial Properties

  1. Retail Center in Johns Creek, GA: 21,930 SF consisting of two attractive retail centers built in 1997 on 3 ac lot at a busy corridor in affluent (AHI $133K/yr) Atlanta metro. Across from Publix center. 93% leased to nine tenants. With mostly NNN leases. Actual NOI $206K/yr. $2.915M, 7.10% cap.
  2. Red Lobster in Lake Jackson, TX: 7778 SF well maintained American casual dining restaurant on 1.21 ac outparcel to Brazos Mall. Across from Walmart Supercenter and on an off/on ramp of Hwy-288. 25 yrs absolute NNN corp lease. NOI $170K/yr with 2% annual rent increases. $3.097M. 5.50% cap.
  3. MOB in Geneva, IL: 21,900 SF Class-A medical office building completed in 2008 on 2.76 ac lot in a growing and high income area with an AHI of $112K/yr. Close to Delnor Community Hospital and Geneva Commons an upscale lifestyle power center with several anchor tenants. 80% leased to multiple medical tenants. NOI $270K/yr. $3.6M. 7.50% cap.
  4. Shopping Center in Moreno Valley, CA: 45,900 SF well kept shopping center built in 1995 on 4 ac lot in growing Riverside County. Near Moreno Valley Mall, a 134,782 SF Valley Gateway Plaza with Walmart, Marshalls, Target and LA Fitness.  With easy access to Moreno Valley Fwy. $5.5M.  NOI N/A. Just $120/SF!
  5. Office Building in Littleton, CO: 16,257 SF Class-B multitenant office building in high income (AHI $102K/yr) Denver suburbs. 100% leased to strong credit tenants. NOI $243K/yr. $3.24M. 7.50% cap.
  6. AutoZone in Little Rock, AR: 4822 SF single-tenant retail building constructed in 2002 on .62 ac lot on an off/on ramp of I-30. 15 yrs NNN corp lease with over 10 yrs left. NOI $62K/yr. $1.046M. 6% cap.
  7. Shopping Center in Tucson, AZ: 74,445 SF attractive shopping center built in 2001 on 8.55 ac lot anchored by 51,242 SF Lee Lee International Supermarket with 3 locations. Across from Northwest medical Center. 92% leased. NOI $533K/yr. $6.9M. 7.74% cap.
  8. Aaron's in Idaho Falls, ID: 10,000 SF single-tenant retail building constructed in 2007 on nearly 1 ac lot. Adjacent to Grand Teton Mall. 100% NNN lease with 9 yrs left. NOI $89K/yr. $1.285M. 7% cap.
  9. Mixed-use in Clayton, CA: 16,500 SF consisting of three retail/office buildings on 1.58 ac lot along busy artery in high income (AHI of $110K/yr) Concord suburbs. Anchored by Safeway and Walgreens center. Across from Ross Dress for Less and Orchard Supply Hardware center.  100% NNN leased. NOI $282K/yr. $4.5M. 6.27% cap.
  10. Dunkin' Donuts and Baskin Robbins in Conway, AR: 3946 SF recently renovated dual-branded retail building. Adjacent to Kroger and with easy access to I-40. Near Conway Commons. 15 yrs absolute NNN lease. NOI $80K/yr with 1.5% annual rent bumps. $1M. 8% 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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