Tuesday, May 17, 2016

05-03: AutoZone, Mixed-use, Strip Centers, Retail Centers


Daily Best Commercial Properties

  1. AutoZone in Oakley, CA: 4000 SF single-tenant retail building constructed in 1992 on .48 ac outparcel to Lucky's supermarket shopping center in Contra Costa County. 100% NNN leased with 5 yrs left. NOI $90K/yr. $1.714M. 5.25% cap.
  2. Retail Center in Bakersfield, CA: 13,645 SF attractive retail center built in 2008 on 1.45 ac lot along main retail artery. Across from Costco. 100% NNN leased to nine tenants. NOI $264K/yr. $3.75M. 7.04% cap.
  3. Strip Center in Homewood, IL: 6000 SF well kept strip center on .60 ac lot along major artery in upper middle-class area. Tenants include: Pizza Hut, Loya Insurance, Harold's Chicken and Jimmy Johns. 100% NNN leased. NOI $86K/yr. $1.3M. 6.66% cap.
  4. Shopping Center in Greenwood, IN: 31,673 SF well maintained shopping center on 5.57 ac lot in upper middle-class (AHI $87K/yr) Indianapolis suburbs. Between Kroger grocery center and Meijer Grocery. 68% leased. Actual NOI $313K/yr. $3.9M. 8.03% actual cap. Upside potential.
  5. Mixed-use in Orange, CT: 38,000 SF well maintained building completed in 1990 on over 8 ac lot in at a signalized intersection in New Heaven suburbs. Close to VA West Haven CT Hospital. Adjacent major tenant include: Target, Burlington Coat Factory, Lowe's & Sam's Club. 75% leased to retail, professional and medical tenants. $6.5M. NOI/Cap 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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