Monday, July 25, 2016

07-08: Econo Lube N Tune, MOB, Office Buildings, Shopping Centers, Strip Centers


Daily Best Commercial Properties

  1. Office Building in Santa Rosa, CA: 6230 SF well maintained office building in growing middle-class Sonoma County. Close to Kaiser Permanente and Hwy-101. 100% leased to four tenants. NOI $59K/yr. $1.05M. 5.67% cap.
  2. Retail Building in Victorville, CA: 47,650 SF well kept retail building on over 5 ac lot at a signalized intersection in San Bernardino County. 100% leased by two national tenants: dd's Discount operated and guaranteed by Ross Dress for Less, and Fallas a strong operator with over 350 stores. NOI $285K/yr. $4.752M. 6% cap. Just $100/SF!
  3. Econo Lube N Tune in Anaheim, CA: 2710 SF well kept single tenant auto center on .36 ac lot at a signalized corner location. Good demographics: densely populated (over 600,000 residents in a 5 mile ring) and upper middle-class (AHI $84K/yr in a 5 mile ring) Los Angeles area. 100% NN lased with 5 yrs left. NOI $73K/yr with 3% annual rent increases. $1.465M. 5% cap.
  4. Retail Building in Raleigh, NC: 6400 SF attractive single tenant retail building at a visible corner location in a fast growing area. Outparcel to Burlington Coat Factory center. New 7 yrs NNN lease to Beauty Mega, Inc. a cosmetic & beauty supply store. NOI $76K/yr. $960K. 8% cap.
  5. Retail Center in Perkin, IL: 8400 SF retail center constructed in 2006. Adjacent to major retailers such as: Walmart Supercenter, Menards, Dollar Tree, Gold's Gym, ALDI grocery among others. 100% leased to national/regional tenants. NOI $109K/yr. $1.352M. 8.13% cap.
  6. Retail Center in Riverton, UT: 15,000 SF attractive retail center constructed in 2009 on 1.47 ac lot in growing and high income (AHI $104K/yr) Salt Lake City suburbs. 100% leased to five tenants. NOI $234K/yr. $2.809M. 8.33% cap.
  7. Strip Center in San Antonio, TX: 11,883 SF attractive strip center at a signalized corner location. In a fast growing and high income area. All units face main corridor. 100% leased. 7.50% cap.
  8. Retail Center in Orlando, FL: 11,700 SF beautiful retail center completed in 2007 at a corner location. All units face Hwy-17. Across from Gatorland, a 110-acre theme park. 100% leased. Proforma NOI $218K/yr. $3.2M. 6.84% proforma cap.
  9. MOB in Agoura Hills, CA: 51,775 SF Class-B multitenant medical office building on nearly 4 ac lot in affluent Los Angeles suburbs with an AHI of $149K/yr in a 1 mile ring. Next to Hwy-101. Tenants include: Pediatrics, Gastroenterology, Pathology, Orthopedic Surgery, Ophthalmology and Dentistry. 91% leased. $907K/yr. $15M. 6.05% cap.
  10. KFC in Power Springs, GA: 2867 SF well maintained franchised fast food restaurant on .79 ac corner lot in growing Atlanta suburbs. 100% absolute NNN lease with over 15 yrs left to a strong operator with 361 units. NOI $60K/yr with 10% rent bumps every 5 yrs. $1.008M. 6% 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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