Friday, April 1, 2016

03-18: KFC, Petco, Fred's Market Restaurant, Shopping Center



Daily Best Commercial Properties

  1. KFC in Berwyn, IL: 2838 SF well maintained fast food restaurant at a hard corner location. 100% absolute NNN leased with 10 yrs left to a strong franchisee with 35 units. NOI $61K/yr with 10% rent bumps every 5 yrs. $1.025M. 6% cap.
  2. Shopping Center in Northfield, NJ: 48,536 SF well maintained shopping center on 4.42 ac lot at a signalized intersection in middle class Atlantic City metro. Major tenant: Island Gym, an operator with 4 locations.  95% leased with local and regional tenants. NOI $524K/yr. $6.402M. 8.19% cap.
  3. Petco in Bloomingdale, IL: 20,594 SF retail building along main retail corridor in a high income (AHI $96K/yr) area in Chicago metro. Between Toys R Us and Goodwill. Adjacent to Power Center with Walmart, TJ Maxx, Dick's Sporting Goods and Ross Dress for Less. Close to 1.3M SF Stratford Square Mall. Early 12 yr NNN lease. NOI $349K/yr with 5% rent increase in yr 10. $5.821M. 6% cap.
  4. KFC in Elgin, IL: 2,739 SF KFC franchised restaurant on .70 ac lot along main corridor. 100% absolute NNN lease with 10 yrs left to a strong operator with 35 units. NOI $66K/yr with 10% rent increases every 5 yrs. $1.105M. 6% cap.
  5. Fred's Market Restaurant in Tampa, FL: 12,960 SF Fred's Market Restaurant on over 2 ac lot in high income area and along Dale Mabry Hwy. New 15 yrs NNN lease with strong corp and personal guaranty. NOI $224K/yr with 2% annual rent increases. $2.8M. 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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