Wednesday, June 29, 2016

06-15: Taco Bell, Regional Center. Retail Plaza, MOB, Retail Center



Daily Best Commercial Properties

  1. Shopping Center in Milwaukee, WI: 82,917 SF well maintained shopping center on 8 ac lot at a hard corner location. Anchored by 16,380 SF drive-thru Walgreens, 8,000 SF O'Reilly Auto Parts and 10,000 SF Dollar Tree. 97% NNN leased. Actual NOI $850K/yr. $10.63M. 8% cap.
  2. Strip Center in Charlotte, NC: 6800 SF strip center on .80 ac outparcel to Target at a visible hard corner location. Close to Carolinas Medical Center. 100% NNN leased. NOI $127K/yr. $1.75M. 7.30% cap.
  3. Taco Bell in Indianapolis, IN: 3,152 SF fast food restaurant on .51 ac lot along busy corridor. With two ingress/egress points. 100% NNN lease with 5 yrs left a strong franchisee with over 780 units. NOI $72K/yr. $1.095M. 6.60% cap.
  4. Shopping Center in Vancouver, WA: 20,038 SF attractive shopping center constructed in 2006 on 1.62 ac lot in a fast growing and upper middle-class area with an AHI of $80K/yr in a 1 mile ring. Close to Hwy-14. 85% NNN leased. Pro forma NOI $287K/yr. $3.968M. 7.25% pro forma cap.
  5. Retail Center in Canoga Park, CA: 33,792 SF well kept retail center on 1.31 ac lot. Good demographics: densely populated (over 400,000 residents in a 5 mile ring) and high income (AHI $91K/yr in a five mile ring) Los Angeles suburbs. 90% leased. Actual NOI $564K/yr. $8.625M. 6.54% cap.
  6. Retail Center in Cape Coral, FL: 15,840 SF attractive retail center built in 2006 on 1.28 ac lot in fast growing middle-class Fort Myers suburbs. All units face main corridor. Close to Cape Coral Hospital. 87% leased.  Actual NOI $126K/yr. $1.75M. 7.25% actual cap. Upside potential.
  7. Retail Plaza in Patchogue, NY: 14,000 SF well maintained retail center on over 1 ac lot in affluent New York suburbs with an AHI of $104K/yr. 100% leased. NOI $211K/yr. $2.64M. 8% cap.
  8. Regional Center in Shreveport, LA: 340,926 SF regional center on over 29 acres of land. Anchored by Big Lots, Burlington Coat Factory, Dollar Tree, Citi Trends and JoAnn Fabrics. Shadow anchored by a new 200,000 SF Walmart Supercenter. 89% NNN leased. Actual NOI $1.995M/yr. $25.745M. 7.75% cap.
  9. MOB in Gretna, LA: 15,920 SF newly renovated single tenant medical office building on over 2 ac lot in New Orleans suburbs. New 10-yrs NN lease to Octapharma Plasma, Inc. with 45 locations across the US. NOI $201K/yr. $2.785M. 7.25% cap.
  10. Retail Building in Glen Ellyn, IL: 12,600 SF retail center in growing and affluent area with an AHI of $115K/yr in a 1 mile ring. 100% NNN leased to two tenants. NOI $133K/yr. $1.78M. 7.50% 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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