Tuesday, May 3, 2016

04-19: KFC, DaVita Dialysis, Jiffy Lube, Shopping Center, Retail Centers, Mixed-Use



Daily Best Commercial Properties

  1. KFC in North Chicago, IL: 2514 SF fast food restaurant built in 2001 on .53 ac lot at a hard corner location. 20 yrs absolute NNN corp ground lease (land is for sale) with over 4 yrs left. NOI $86K/yr. $1.33M. 6.50% cap.
  2. Shopping Center in Tulsa, OK: 91,907 SF well maintained shopping center visible from I-244. 100% NNN leased to Planet Fitness, Dollar Tree (corp lease) and Conn's (corp lease) an electronics, furniture, mattress and appliance store.  NOI $647K/yr. $9.248M. 7% cap.
  3. DaVita Dialysis in Hawthorne, CA: 8400 SF dialysis center completed in 2013 on .60 ac lot in densely populated Los Angeles area with over 700,000 residents in a 5 mile radius. New 15 yrs NNN corp lease. NOI $268K/yr with 10% rent increases every 5 yrs. $5.213M. 5.15% cap.
  4. Retail Center in Houston, TX: 17,145 SF retail center built in 2006 along main retail corridor. All units face main road. 91% NNN leased with only two vacancies. Actual NOI $244K/yr. $3.496M. 7% actual cap. Upside potential when fully leased.
  5. Shopping Center in New Lenox, IL: 33,136 SF attractive shopping center in a growing and high income area with an AHI of $106K/yr in a 3 mile ring. Strong mix of national and regional tenants: Anytime Fitness, Dunkin' Donuts/Baskin' Robbins, ATI Physical Therapy, State Farm Insurance, First Bank of Manhattan among others. 95% NNN leased. NOI $548K/yr. $7.31M. 7.50% cap.
  6. Retail Center in Atlanta, GA: 40,816 SF well maintained  2-story retail/office center on nearly 3 ac lot in a growing and high income area. Close to I-85. Major tenants include: Gerber Collision & Glass, Fed Ex and Enterprise Car Rental. 100% leased. NOI $456K/yr. $6.5M. 7.02% cap.
  7. Jiffy Lube in San Jose, CA: 3396 SF attractive auto center at a signalized corner location in affluent Silicon Valley. Across from VTA Light Rail Station and close to Great Mall. 100% NNN lease with 5 yrs left. NOI $243K/yr. $4.425M. 5.50% cap.
  8. Neighborhood Center in Madera, CA: 85,066 SF shopping center on over 8 ac lot anchored by Food 4 Less in San Joaquin valley . 96% leased. Price/NOI N/A.
  9. Shopping Center in Lockport, IL: 55,220 SF well maintained shopping center constructed in 1994 on 5.75 ac lot in a high income area. Major tenants: ATI Physical Therapy, Dunkin Donuts, U.S. Postal Office, Subway, Ace Hardware and IL Secretary of State. 97% leased. Actual NOI $660K/yr. $8.8M. 7.50% cap.
  10. Mixed-use in Westwood, NJ: 13,500 SF retail/office building in affluent (AHI $129K/yr) New York metro. Adjacent to Hackensack UMC at Pascack Valley Hospital. 100% leased to four tenants. NOI $211K/yr. $2.8M. 7.54% 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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