Thursday, April 7, 2016

03-24: Service First, MOB, Retail Center, Shopping Centers, Strip Centers



Daily Best Commercial Properties

  1. Shopping Center in Charlotte, NC: 44,840 SF consisting of five attractive retail buildings completed in 2006 on 3.66 ac outparcel to Walmart. Major tenants include: GameStop, T-Mobile, GNC, Ashley Stewart, and AT&T. NNN leased. NOI $719K/yr. $9.5M. 7.58% cap.
  2. Retail Center in Las Vegas, NV: 9200 SF retail center built in 2003 on .80 ac lot along busy Sahara Avenue. Adjacent to Walgreens and across from Smith's Grocery. 100% leased to 8 tenants. NOI $205K/yr. $2.6M. 7.89% cap.
  3. Shopping Center in Memphis, TN: 37,772 SF well maintained shopping center on over 4 ac lot at a signalized corner location. Close to major shopping centers and Hwy-385. 97% leased. Actual NOI $296K/yr. $3.55M. 8.35% actual cap. Upside potential.
  4. MOB in Round Rock, TX: 23,894 SF Class-B built-to-suit single-tenant medical office building completed in 2007 in growing Austin suburbs. 100% NNN leased to Austin Regional Clinic. NOI $573K/yr. $8.495M. 6.75% cap.
  5. Shopping Center in Decatur, GA: 80,332 SF well maintained shopping center anchored by Fresh Valu Foods in growing Atlanta metro. Across from The Gallery at South DeKalb Mall and with easy access to I-20.  96% leased. Actual NOI $474K/yr. $5.75M. 8.25% actual cap. Upside potential.
  6. Service First Auto in Spring, TX: 11,988 SF newly-constructed & highly rated on Yelp car care center on 1.37 ac lot in growing and affluent (AHI $122K/yr) Houston suburbs. New 15 yrs NNN lease. NOI $188K/yr. $2.35M. 8% cap.
  7. Office Complex in Nashville, TN: 28,000 SF well kept office complex on 2.53 ac lot along main corridor. 96% leased to multiple professional tenants. NOI $280K/yr. $3.5M. 8% cap.
  8. Shopping Center in Norman, OK: 35,566 SF well maintained shopping center on 3.72 ac lot. Recent improvements include: roof/HVAC units replaced and exterior painted. 100% leased. Pro forma NOI $342K/yr. $4.326M. 7.90% pro forma cap.
  9. Retail Center in Tampa, FL: 18,850 SF attractive retail center along main corridor. With excellent ingress/egress. 100% NNN leased. NOI $154K/yr. $1.925M. 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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