Wednesday, May 4, 2016

04-20: Arkansas Diagnostic Clinic, Rite Aid, Tutor Time, China Star Restaurant, Planet Fitness, Retail Centers




Daily Best Commercial Properties

  1. Arkansas Diagnostic Clinic in Little Rock, AR: 14,500 SF Class-B single tenant medical office and surgery center on 1.58 ac lot. Close to Baptist Health Medical Center and I-630. New 10 yrs absolute NNN lease at close of escrow. NOI $326K/yr with 2% annual rent increases. $4.66M. 7% cap.
  2. Shopping Center in Memphis, TN: 51,562 SF shopping center along major retail corridor. Shadow anchored by Big Lots. 100% leased to national and local tenants including Family Dollar. NOI $228K/yr. $1.9M. 12.03% cap.
  3. Office Building in Burbank, CA: 32,557 SF Class-B multitenant 3-story office building on .56 ac lot at a signalized corner location in densely populated & high income Los Angeles area (AHI of $91K/yr). Major tenants: County of Los Angeles, Woodbury University, Richline Group, Inc., AT&T and Verizon Wireless. 100% leased to 20 tenants. NOI $478K/yr. $7.5M. 6.38% cap.
  4. Rite Aid in Apple Valley, CA: 16,804 SF well maintained drug store on 1.80 ac lot at a hard corner location in San Bernardino County. Along Hwy-18. 100% NNN lease with 9 yrs left. NOI $349K/yr. $4.986M. 7% cap.
  5. Shopping Center in San Bernardino, CA: 69,996 SF shopping center anchored by 99c Only Store. Across from Carousel Mall. 94% leased. NOI $353K/yr. $5.895M. 6% cap.
  6. Retail Center in Arlington, TX: 34,150 SF well maintained retail center on over 3 ac lot in Dallas/Ft Worth suburbs. 94% leased. 7.47% cap. NOI & price N/A.
  7. Tutor Time in Shelby Township, MI: 12,126 SF built-to-suit day care facility constructed in 2001 in a growing and high income area. 100% NNN lease with 5 yrs left. NOI $254K/yr. $2.823M. 9% cap.
  8. China Star Restaurant in North Las Vegas, NV: 6300 SF attractive buffet restaurant built in 2007on over 1 ac lot in densely populated (418,000 residents in 5 miles) and growing middle-class area. Along main retail corridor and across from Home Depot, Walgreens center. Tenant has been at this location since 2007. 100% NNN lease with over 10 yrs left. NOI $166K/yr. $2.05M. 8.10% cap.
  9. Planet Fitness in Shawnee, KS: 28,505 SF fitness center on over 2 ac lot in growing and high income Kansas City suburbs with an AHI of $88K/yr. Adjacent to PowerPlay Entertainment Center with bowling, go-karts, rides & an arcade, plus a casual buffet.  Across from Hy-Vee grocery. Newly executed 11 yrs NNN- lease to a strong operator with seven locations. NOI $270K/yr. $3.735M. 7.25% cap.
  10. Strip Center in Rockwall, TX: 6993 SF two tenant strip center on over 1 ac lot in fast growing (49% pop growth since 2000) and affluent (AHI $130K/yr) Dallas MSA. Near Texas Health Presbyterian Hospital and adjacent to major centers with Kroger, Target and Lowe's. 100% leased. NOI $154K/yr. $2.15M. 7.20% 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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