Tuesday, May 24, 2016

05-10: Zio's Italian Kitchen Restaurant, Red Lobster Restaurant, Shopping Centers


Daily Best Commercial Properties

  1. Shopping Center in Clovis, CA: 80,520 SF shopping center renovated in 2012 on over 7 ac lot at a hard corner location in Fresno suburbs. Excellent ingress/egress. Major tenants include: dd's Discount, Big Lots, HomeTown Buffet, Rent-A-Center, H&R Block among others. Across from Walmart Supercenter and close to Sierra Vista Mall and Hwy-168. 98% leased. NOI $975K/yr. $15M. 6.50% cap.
  2. 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 corp lease with over 6 yrs left. NOI $286K/yr with 10% rent bumps every 5 yrs. $3.011M. 9.50% cap.
  3. Red Lobster in Valencia, CA: 9487 SF well maintained American casual dining restaurant on 1.15 ac lot in Los Angeles suburbs. Visible and with easy access to I-5. Near Six Flags Magic Mountain with 3M visitors per yr. Tenant has been at this location since 1986. 100% absolute NNN corp lease with 5 yrs left. NOI $245K/yr. $3.576M. 6.85% cap.
  4. Shopping Center in New Lenox, IL: 33,136 SF attractive shopping center in a growing and high income area with an AHI of $106K/yr in a 3 mile ring. Strong mix of national and regional tenants: Anytime Fitness, Dunkin' Donuts/Baskin' Robbins, ATI Physical Therapy, State Farm Insurance, First Bank of Manhattan among others. 95% NNN leased. NOI $548K/yr. Price reduced from $7.31M to $6.98M. 7.85% 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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