Tuesday, April 26, 2016

04-12: Walgreens, Mixed-Use, Taco Bell, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. Shopping Center in Montclair, CA: 82,303 SF well maintained shopping center on nearly 8 ac lot in Southern CA. Anchored by 40,881 SF Gold's Gym and 18,782 SF 99 Cents Only. Shadow anchored by Target and across from Montclair Place Mall. 100% NNN lease with good tenants mix: Wells Fargo, Panda Garden Buffet and Catherine's Plus Sizes. NOI $1.22M/yr. $18.775M. 6.50% cap.
  2. Retail Center in Fort Worth, TX: 23,004 SF shopping center on 2.22 ac lot at a signalized intersection in a fast growing area. Close to I-820. 100% NNN leased primarily to medical tenants in addition to Chevron. NOI $422K/yr. $5.850M. 7.21% cap.
  3. Shopping Center in Coachella, CA: 85,035 SF fully renovated shopping center on 6.46 ac lot in Southern CA.  Anchored by 99 Cents Only and Planet Fitness in a growing middle-class area in Riverside County. Shadow anchored by Cardenas Supermarket. 80% leased. Actual NOI $772K/yr. $11.872M. 6.51% cap. Upside potential.
  4. Shopping Center in Las Vegas, NV: 44,120 SF well kept shopping center on over 3 ac lot at a hard corner location. 95% leased with good tenant mix. Actual NOI $590K/yr. $7.5M. 7.88% cap.
  5. Shopping Center in Escondido, CA: 41,826 SF well kept shopping center in growing Southern California. Close to Kaiser Permanente Escondido Medical Hospital and Hwy-78. 82% leased. Actual NOI $506K/yr. $7.785M. 6.50% actual cap. Upside potential when fully leased.
  6. Shopping Center in Littleton, CO: 46,368 SF shopping center built in 2007 along busy retail corridor and in growing and high income Denver suburbs. National tenants include: Salvation Army, Corepower Yoga, At The Beach, O'Reilly Auto Parts and Scottrade. 100% leased. NOI $531K/yr. $7.368M. 7.22% cap.
  7. Shopping Center in Orlando, FL: 42,780 SF well maintained shopping center on 4.50 ac corner lot anchored by 11,968 SF Family Dollar.  Shadow anchored by Walgreens. 90% leased. $3.875M. NOI N/A.
  8. Walgreens in Decatur, GA: 12,800 SF Walgreens constructed in 2002 on over 1 ac lot at a major signalized corner location in growing and upper middle-class Atlanta metro. Across from Publix Super Market, Kroger & Goodwill centers. 100% NNN- lease with 5 yrs left. NOI $360K/yr. $4.965M. 7.25% cap.
  9. Mixed-use in Indio, CA: 25,640 SF attractive professional & retail center built in 2006 on nearly 3 ac lot. Across from 158-bed John F. Kennedy Memorial Hospital. 94% leased to eight tenants including: Kaiser Permanente, Indio Surgery Center and Allende Mexican Restaurant. Actual NOI $381K/yr. $5.5M. 6.94% cap.
  10. Taco Bell in Urbana, IL: 2288 SF fast food restaurant on .61 ac lot along major artery. Adjacent to University of Illinois at Urbana-Champaign with over 44,000 enrolled students in 2015. Close to Carle Foundation Hospital. 100% NNN lease with 3 yrs left to a strong franchisee with 39 units. NOI $135K/yr with 1.5% annual rent increases. $1.699M. 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.

No comments:

Post a Comment