Wednesday, June 22, 2016

06-08: Zio's Italian Kitchen, Eye Clinic, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. Zio's Italian Kitchen in Olathe, KS: 7662 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. Price reduced from $3.011M to $2.8M. 10.21% cap.
  2. Shopping Center in Morrow, GA: 65,217 SF attractive shopping center on over 6 ac lot in fast growing Atlanta metro. Across from Southlake Mall with over 90 stores. With easy access to I-75. 94% leased. Actual NOI $405K/yr. $3.95M. 10.26% cap. Upside potential.
  3. Neighborhood Center in Macon, GA: 111,324 SF well maintained shopping center on 22.75 ac lot. Anchored by DD's Discount, Ollie's Bargain Outlet, City Trend and CATO. Across from 1,100,000 SF Macon Mall. NOI $473K/yr. $5.2M. 9.11% cap.
  4.  Retail Center in O'Fallon, IL: 21,000 SF well kept retail center built in 1990 on 1.60 ac corner lot in growing and high income St. Louis suburbs with an AHI of $94K/yr. Near I-64. 61% leased. Actual NOI $238K/yr. $3.4K. $3.4M. 7% actual cap. Upside potential when fully leased.
  5. Eye Clinic in West Palm Beach, FL: 3111 SF single tenant building on .30 ac lot. Close to Good Samaritan Medical Center. Tenant has been in business for over 30 years. 100% NNN leased with 4 yrs left. NOI $78K/yr with CPI annual rent increases. $1.045M. 7.50% cap.
  6. Retail Center in Mansfield, TX: 14,265 SF high-quality-construction retail center completed in 2010 on nearly 2 ac lot. In booming (over 5000% pop growth since 2000) and affluent Ft Worth/Dallas MSA with an AHI of $125K/yr. 100% NNN leased. NOI $237K/yr. $2.9M. 8.20% cap.
  7. Shopping Center in Hampton, VA: 43,128 SF attractive shopping center along main retail corridor in a fast growing Norfolk suburbs. Across from Peninsula Town Center, an open air mixed-use development with 100 stores. NOI/Price N/A.
  8. Retail Center in Hilliard, OH: 21,099 SF well maintained retail center on 2.72 ac lot in affluent (AHI $114K/yr) Columbus MSA. Adjacent to Home Depot and Target. With easy access to I-270. NOI $257K/yr. $3.432M. 7.50% cap.
  9. Strip Center in Warrenville, IL: 15,100 SF attractive retail center at a signalized intersection in high income area with an AHI of $96K/yr. Tenants Include: Dairy Queen, Skincredible Tattoo, Angie V's Restaurant, A Cozy Fireplace and All About Caring Daycare. NOI $177K/yr. $2.5M. 7.10% 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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