Tuesday, May 10, 2016

04-26: Mixed-use, MOB, Zio's Italian Restaurant, Medical Condo, Pepboys, Logan's Roadhouse, Shopping Centers



Daily Best Commercial Properties

  1. Shopping Center in Richardson, TX: 63,282 SF high-end lifestyle retail center renovated in 2008/2014 on over 7 ac lot in high income Dallas metro with an AHI of $101K/yr in a 1 mile ring. NNN leased. NOI $829K/yr. Price reduced from $10.321M to $9.585M. 8% cap.
  2. Mixed-use in Doraville, GA: 28,224 SF two-story retail/office center built in 2007 on 1.51 ac lot along major corridor in growing Atlanta suburbs. With easy access to I-285. Major tenants include: Metro City Bank, Rio Acupuncture, & Prime Chiropractic. NOI $345K/yr. $4.3M. 8.03% actual cap.
  3. MOB in Hamilton, OH: 7030 SF well maintained medical office building on .77 ac corner lot in fast growing middle-class area. New 5 yrs NNN lease. NOI $93K/yr with rent increases. $1.25M. 7.50% cap.
  4. Zio's Italian Kitchen in Olathe, KS: 7,662 SF Italian Restaurant on .44 ac outparcel to AMC/MAX Theatre in Kansas City metro. Adjacent to major Power Centers and close to I-35. 15 yrs absolute NNN lease with over 6 yrs left. NOI $286K/yr with 10% rent bumps every 5 yrs. Price reduced from $3.365M to $3.011M. 9.50% cap.
  5. Retail Center in Des Moines, IA:12,000 SF attractive retail center on 1.48 ac outparcel to Home Depot, Office Max, Best Buy & PetSmart power center. Across from Walmart Supercenter. 100% NNN leased to Jimmy John's, Aspen Dental & Verizon. NOI $246K/yr. $3.291M. 7.50% cap.
  6. Medical Office Condo in Harrisonburg, VA: 10,914 SF Class-A medical office condo completed in 1998 on over 1 ac lot in a fast growing area. Adjacent to Costco, close to Sentara RMH Medical Center, Valley Mall and I-81. New 10 yrs absolute NNN lease to a successful operator. NOI $151K/yr with 7.5% rent bumps every 5 yrs. $1.895M. 8% cap.
  7. PEPBOYS Auto in Sanford, FL: 8520 SF well maintained single tenant auto center on .37 ac lot along busy corridor in Orlando suburbs. 100% NNN lease with 3 yrs left. NOI $80K/yr. $1.15M. 7% cap.
  8. Shopping Center in San Antonio, TX: 143,677 SF shopping center 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.
  9.  Logan's Roadhouse in Douglasville, GA: 8500 SF Logan's Roadhouse Restaurant built in 1999 along major retail artery in Atlanta metro. Across from Target, Marshalls, Ross, PetSmart and Party City center. Near Arbor Place, with 140 stores and with easy access to I-20. 100% NNN ground lease (land for sale) with 3 yrs left. NOI $152K/yr. $2.027M. 7.50% cap.
  10. Shopping Center in Fort Wayne, IN: 84,560 SF mature shopping center along busy retail artery. Adjacent to several shopping center including Glenbrook Square Mall. 100% leased. Actual NOI $367K/yr. $3.995M. 9.21% 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