Friday, May 13, 2016

04-29: USA Checks Cashed, The Learning Experience, MOB, Shopping Centers


Daily Best Commercial Properties

  1. Shopping Center in Hemet, CA: 102,801 SF well kept shopping center on over 7 ac corner lot in Riverside County. Adjacent to Hemet Valley Medical Center. Major tenants include: Grocery Outlet, Planet Fitness, Aaron's Rents, Dollar Tree, Subway and Little Caesar's. 85% leased. Actual NOI $870K/yr. $13.394M. 6.50% cap.
  2. USA Checks Cashed in San Bernardino, CA: 1337 SF single tenant retail building on .57 ac lot at a signalized corner location Los Angeles suburbs. Tenant has been at this location since 2003. New 10 yrs NNN corp lease. NOI $59K/yr with 2% annual rent increases. $1.1M. 5.45% cap.
  3. Shopping Center in Denton, TX: 61,853 SF inline shopping center constructed in 1998 on 6.89 ac lot in Dallas/Ft Worth suburbs. Shadow anchored by Burlington Coat Factory. Across from 764,719 SF Golden Triangle Mall adjacent to I-35E. 87% leased. Actual NOI $651K/yr. $7.239M. 9% cap.
  4. Shopping Center in North Las Vegas, NV: 60,757 SF shopping center built in 2006 on 6.69 ac lot along main corridor. Shadow anchored by Smith's grocery.  On an off/on  ramp of Hwy-215. Near Aliante Casino and Regal Cinemas Aliante 16 & IMAX. 91% leased. Pro forma NOI $1.323M/yr. $19.6M. 6.75% pro forma cap.
  5. The Learning Experience in Chelmsford, MA: 9982 SF day care center on 1.60 ac lot in growing and high income (AHI $101K/yr) Boston MSA. With easy access to I-495. 100% NNN lease with over 10 yrs left. NOI $268K/yr. $3.462M. 7.75% cap.
  6. Retail Center in Lehigh Acres, FL: 9400 SF L-shaped retail center on .67 ac lot along main retail artery in Fort Myers suburbs. Across from Publix shopping center. Close to Lehigh Regional Medical Center. 100% leased. 8% cap. NOI/Price N/A.
  7. MOB in Reading, PA: 17,598 SF Class-A single tenant medical office building in high income Philadelphia metro with an AHI of $86K/yr in a 1 mile ring.100% NNN long-term lease to a strong medical tenant with 14 physicians. 7% cap. NOI/Price N/A.
(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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