Monday, July 11, 2016

06-27: DaVita Dialysis, Popeyes, Family Dollar, Office Buildings, Retail Centers



Daily Best Commercial Properties

  1. Shopping Center in Tulare, CA: 119,677 SF well maintained shopping center on over 5 ac lot at a hard corner location and in a fast growing area. Anchored by 21,893 SF Rite Aid and 20,237 SF Grocery Outlet. Other major tenant include: H&R Block, WIC, DMV, Ace Cash Express and Cricket Wireless among others. 93% NNN leased. NOI $1.127M/yr. $17.95M. 6.28% cap.
  2. DaVita in Northwood, OH: 9600 SF Class-B dialysis center on 1.53 ac lot in Toledo suburbs. Close to Mercy St. Charles Hospital and I-280. 100% NNN lease with 9 yrs left. NO $72K/yr with annual rent bumps. $1.058M. 6.80% cap.
  3. Shopping Center in Arlington, TX: 54,646 SF well kept shopping center on over 4 ac corner lot in Dallas/Ft Worth suburbs. Shadow anchored by Halal Import Food Market. Main tenants include: Planet Fitness, Aaron's and Speedy Cash. 100% leased to eleven tenants. NOI $369K/yr. $4.615M. 8% cap.
  4. Professional Center in Bakersfield, CA: 13,334 SF Class-B office building completed in 2007 in growing and high income area with an AHI of $103K/yr in a 1 mile ring. 100% leased to multiple tenants. Pro forma NOI $199K/yr. $2.95M. 6.75% cap.
  5. Popeyes in Midland, TX: 1948 SF single-tenant fast food restaurant on .61 ac lot in fast growing and high income oil/gas town. Close to Midland College. 100% NNN lease with 4 yrs left. NOI $79K/yr. $1.031M. 7.75% cap.
  6. Retail Center in Tampa, FL: 38,219 SF attractive retail center on over 4 ac lot along busy retail corridor. Major tenants include: JSA Healthcare Corp and La Hacienda Restaurant. Close to Tampa Community Hospital. 98% leased to twenty-two tenants. Actual NOI $392K/yr. $5.187M. 7.57% actual cap. Upside potential.
  7. Office Building in Portland, OR: 4180 SF well kept multitenant professional building in growing and high income area. Adjacent to Providence Medical Center and close to I-84. 80% leased. Pro forma NOI $82K/yr. $1.29M. 6.40% cap.
  8. Strip Center in Sacramento, CA: 7360 SF attractive strip center built in 2006 on .86 ac lot at a signalized corner location on a main artery. Tenants include: Subway, Allied Cash Advance and Premier Insurance Cervices. 100% NNN leased to six tenants. NOI $156K/yr. $2.61M. 6% cap.
  9. Family Dollar in Syracuse, NY: 8320 SF under construction single tenant retail building at a high traffic corner location. With easy access to I-81. New 15 yrs NNN lease. NOI $142K/yr with a rent increase in yr 11. $2.285M. 6.25% cap.
  10. Office Building in Grove City, OH: 18,000 SF multitenant office building on over 1 ac lot in Columbus suburbs. NNN leased to DaVita Dialysis, Mid-Ohio Screen Print Incorporated, Hollywood Dance Studio and Clarity Hearing. NOI $143K/yr. $1.789M. 8% 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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