Friday, June 17, 2016

06-03: Rite Aid, Under Review Sports Grill, Office Buildings, Retail Centers


Daily Best Commercial Properties

  1. Rite Aid in Sugar Hill, GA: 13,824 SF free-standing Rite Aid constructed in 2003 on 2.66 ac lot at a signalized intersection. In a fast growing and high income Atlanta MSA with an AHI of $81K/yr in a 3 mile radius. 20 yrs NNN corp lease with over 8 yrs left. NOI $313K/yr. $4.485M. 7% cap.
  2. Retail Center in Hollywood, FL: 14,840 SF well kept retail center on nearly 1 ac lot in growing Miami suburbs. All units face main corridor. 100% leased with good tenant mix. NOI $148K/yr. $1.9M. 7.84% cap.
  3. Shopping Center in Conroe, TX: 58,940 SF shopping center on over 8 ac lot in a fast growing area. With easy access to I-45. Major tenants: 21,732 SF Planet Fitness and 16,000 SF Boot Barn. 80% NNN leased. NOI $303K/yr. $4.45M. 6.82% actual cap. Upside potential when fully leased.
  4. Shopping Center in San Antonio, TX: 54,246 SF attractive shopping center on over 4 ac lot in a high income (AHI $85K/yr) area. Visible and along Hwy-281. Major tenants include: Mattress Firm, NAPA and 5.11 Tactical. 8% cap. NOI/Price N/A.
  5. Under Review Sports Grill in Surprise, AZ: 5529 SF highly rated on Yelp restaurant built in 2009 on 1.22 ac lot in booming (17,910% pop growth since 2000) and upper middle-class (AHI $77K/yr) Phoenix metro. Part of The Boulevard at Surprise Pointe, a shopping center with Carmike IMAX Theatre, Uptown Alley and Walgreens. 10 yrs NNN lease. NOI $105K/with 3% annual rent increases. $1.5M. 7% cap. 
  6. Retail Building in Whittier, CA: 2808 SF single-tenant retail building on .22 ac lot along busy artery in densely populated (over 400,000 residents in a 5 mile ring) and affluent (AHI $102K/yr in a 1 mile ring) Los Angeles County. Adjacent to Ralph's grocery and across from Trader Joe's grocery. 100% leased to Schulz Optometry. $950K. NOI N/A.
  7. Office Building in San Jose, CA: 9528 SF Class-B two-story office building renovated in 2009 on .49 ac corner lot along busy retail corridor. In high income Silicon Valley with an AHI of $1009K/yr in a 1 mile ring. With easy access to I-280. $3.5M. Excellent owner-user opportunity.  
(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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