06-16: Strip mall, Walgreens, Apartments, Sears, MOBs

Daily Best Commercial Properties

Strip Mall in Sacramento, CA:  12,748 SF newer strip center built in 2008 on 1.15 ac lot close to Hwy 99 and Kaiser Permanente South Sacramento complex.  Excellent visibility with all units facing the street.  64% leased to 6 tenants.  Pro forma NOI $236K/yr. $2.415M. 9.77% pro forma cap. Walgreens in Austin, TX: 13,823 SF Walgreens on 1.8 ac hard corner lot in middle class area.  100% absolute NNN lease with 11+ yrs left.  Store with strong $11M in sales revenue (likely to stay there).  NOI $256K/yr.  $4.893M. 5.25% cap. Starbucks center in San Mateo, CA:  rare 3072 SF strip mall built in 2005 in the wealthy Silicon Valley with AHI of $158K/yr in 3 miles ring.  100% leased to 2 tenants: Starbucks and Shred Center.  NOI $121K/yr. $2.703M. 4.5% cap. MOB in Beverley Hills, CA:  rare 3200 SF medical office building leased to Radiology & Medical Imaging tenant. NOI N/A. $4M. Sears in Las Vegas, NV:  162,000 SF single-tenant building completed in 2004 on over 12 ac lot near Hwy 215 exit.  20 yrs absolute corp ground lease (land is for sale, tenant owns the building) to Sears with 9+ yrs left.  NOI $600K/yr with 5% rent bumps every 5 yrs.  $8.5M 7.06% cap. Shopping Center in Council Bluffs, IA: 50,435 SF well-maintained shopping center on over 3 acres corner lot in Omaha metro.  100% NNN leased to 2 brand name tenants: Hy Vee Drugs & Liquors and Ace Hardware.  NOI $233K/yr. Price reduced to $3.016M. 7.75% cap. MOB in El Cajon, CA: 15,193 SF medical office building in San Diego metro. 100% leased to 6 tenants.  NOI $199K/yr. $3.46M. 5.77% cap. Apartments in Hemet, CA: 26-unit (22 are 2BR-2BA) gated apartments built in 1999 on .78 ac lot.  Fully renovated  recently. NOI $183K/yr. $2.575M. 7.1% cap. Office Building Oak Brook, IL: 50,481 SF office building in affluent Chicago suburbs with AHI of $119K/yr in 1 mile.  86% occupied.  NOI $510K/yr. $5.625M. 9.08% cap. Office Building in Chesapeake, VA:  51,580 SF class-A office building on 4.89 ac lot in Norfolk metro.  Anchored by highest investment grade tenant. 100% leased.  NOI $489K/yr. $5.75M. 8.5% 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.