Friday, April 22, 2016

04-08: Wellgate Sports Club, Dunkin' Donuts & Baskin Robbins, CVS, Power Centers, Shopping Centers


Daily Best Commercial Properties

  1. Wellgate Sports Club in Redding, CA: 23,000 SF single-tenant elite fitness center on over 2 ac lot. 100% NNN lease to an experienced operator with 9 yrs left. NOI $203K/yr with annual rent increases. $2.75M. 7.40% cap.
  2. Retail Center in Yuba City, CA: 3000 SF attractive retail center built in 2006 on .61 ac lot a signalize corner location in growing and upper middle-class Sacramento MSA. 100% leased to Starbucks and York's Yummies, a sandwich and soup tenant. NOI $107K/yr. $2.146M. 5% cap.
  3. Retail Center in Vacaville, CA: 4560 SF strip center at a high traffic intersection shadow anchored by Lucky Grocery in upper middle-class Solano County with an AHI of $81K/yr. 100% leased to Subway, Papa Murphy's, Habib's Famous Kabobs and CA Check Cashing. NOI $117K/yr. $2.145M. 5.50% cap.
  4. Shopping Center in San Antonio, TX: 143,677 SF shopping center renovated in 1992 on over 11 acres of land with I-410 frontage  in a fast growing area. Close to Ingram Park Mall. Next/visible to I-410. Major tenants include: Appliance Smart, Octapharma Plasma, Freedom Fitness, Lamson Institute among others. 90% NNN leased. Actual NOI $1.391M/yr. $14.645M. 9.5% actual cap. Upside potential when fully leased.
  5. Dunkin' Donuts/Baskin Robbins in Conway, AR: 3,946 SF recently renovated dual-branded retail building on .73 ac lot. Adjacent to Kroger and with easy access to I-40. Near Conway Commons, a major Power Center with Target, Belk, TJ Maxx, Dick's Sporting Goods and more. New 15 yrs absolute NNN lease. NOI $75K/yr with 1.5% annual rent bumps. $950K. 7.90% cap.
  6. CVS in Kissimmee, FL: 10,908 SF single-tenant drive-thru drug store on 1.35 ac lot at a signalized corner location outparcel to Goodwill and Family Dollar center. Across from Winn-Dixie grocery center. 20 yrs lease with 4 yrs left. NOI $292K/yr. $4.329M. 6.75% cap.
  7. Office Building in Naperville, IL: 54,355 SF four-story multitenant office building in affluent Chicago metro area with an AHI of $120K/yr in a 3 mile ring. Easy access to I-88.  Major tenant: Edward-Elmhurst Health Center. Between Ogden Mall and I-88. 88% leased. Actual NOI $601K/yr. $7.45M. 8.08% actual cap. Upside potential.
  8. Neighborhood Center in Poughkeepsie, NY: 235,599 SF major shopping center anchored by Home Depot about 60 miles North of New York city. Close to MidHudson Regional Hospital and along Hwy-9. 89% leased. Actual NOI $2.17M/yr. $27,125M. 8% actual cap. Upside potential when fully leased.
(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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