Wednesday, May 18, 2016

05-04: DaVita, Wienerschnitzel, Meineke, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. Shopping Center in South Holland, IL: 34,288 SF shopping center renovated in 1995 on over 2 ac lot at a signalized intersection and along busy retail artery. River Oaks Mall and I-94. Major tenants: Family Dollar, Subway, Allstate Insurance, Boost Mobile, PLS Loans and Currency Exchange. 100% NNN leased. NOI $311K/yr. Price reduced from $3.665M to $3.562M. 8.75% cap.
  2. DaVita in Rogers, AR: 7080 SF attractive dialysis center completed in 2011 on .81 ac corner lot in a growing and upper middle-class area. Close to Northwest Medical Center and I-49. 100% NNN- corp lease with over 8 yrs left. NOI $115K/yr with 2% annual rent increases. $1.783M. 6.50% cap.
  3. Shopping Center in La Puente, CA: 36,102 SF well maintained shopping center on 2.82 ac lot in densely populated (over 400,000 residents in a 5 mile ring) and upper middle-class (AHI $91K/yr) Los Angeles area. 96% leased with good tenant mix including Dollar Tree and El Pollo Loco. Actual NOI $505K/yr. $8.695M. 5.80% cap.
  4. Wienerschnitzel in San Bernardino, CA: 972 SF fast food restaurant on .30 ac corner location and along major retail corridor. Tenant has been at this location for 12 yrs. New 15 yrs NNN lease to an experienced operator with three units. NOI $59K/yr with 10% rent increases every 5 yrs. $1.08M. 5.50% cap.
  5. Meineke in Concord, CA: 3000 SF four drive-thru bays auto center built in 1992 on .30 ac corner lot in growing upper middle-class Contra Costa County. 100% NNN lease with 5 yrs left to a strong franchisee with 20 locations. NOI $1.825M. 5% 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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