Monday, August 1, 2016

07-18: Taco Bell, Marshalls, Family Dollar, Shopping Centers, Dollar Tree


Daily Best Commercial Properties

  1. Dollar Tree in Fort Wayne, IN: 10,000 SF brand new built-to-suit single-tenant retail building on 1.29 ac outparcel to Lowe's along busy corridor. Close to Parkview Hospital and VA Northern Indiana Hospital. 10 yrs NNN- lease. NOI $134K/yr. $1.985M. 6.75% cap.
  2. Family Dollar in Mesa, AZ: 10,350 SF well maintained single-tenant retail building on .88 ac corner lot in growing Phoenix suburbs. 100% NNN corp lease with 7 yrs left. NOI $128K/yr. $1.908M. 6.75% cap.
  3. Retail Center in Allen, TX: 12,000 SF attractive retail center on 1 ac lot at a major signalized corner location in Dallas MSA. Strong demographics: fast growth (109%), wealthy (AHI $113K/yr) and 94% owner-occupy. 90% leased. All units face main corridor. Actual NOI $226K/yr. $2.9M. 7.80% cap.
  4. Retail Center in Fresno, CA: 12,275 SF attractive retail center on 1.41 ac lot. Adjacent to Walgreens and Walmart Neighborhood Center. Across from Target and T.J. Maxx center. 80% NNN leased. Actual NOI $255K/yr. $3.4M. 7.50% actual cap. Upside potential.
  5. Strip Center in Morrow, GA: 10,500 SF strip center on 1.75 ac lot in growing Atlanta metro. Close to I-75. 100% leased to Hispanic Grocery, Tax, Spa, Wig Store and Salon. NOI $92K/yr. $1.02M. 9.02% cap.
  6. Retail Building in San Marcos, CA: 8,060 SF retail center built in 1991 on .82 ac outparcel to Walmart and Kohl's in Southern California. Adjacent to Costco and with easy access to Hwy-78. 100% NNN leased to Lakeshore Learning and King Massage. NOI $214K/yr. $4M. 5.35% cap.
  7. Retail Building in Cincinnati, OH: 20,000 SF retail building on over 3 ac lot at a hard corner location. With easy access to I-275. 100% NNN leased to Hooters with corp lease and Rib City Grill. NOI $190K/yr. $2.95M. 6.44% cap.
  8. Marshalls in Woodland, CA: 36,382 SF single tenant retail building on nearly 3 ac lot in growing Sacramento metro. 100% leased with 6 yrs left. NOI $308K/yr with a rent bump in 2018. $5.795M. 5.33% cap.
  9. World Buffet in Madison, WI: 10,344 SF well maintained buffet restaurant on 1 ac lot. Next to West Town Mall. 100% NNN lease with 5 yrs left. NOI $127K/yr. $1.7M. 7.50% cap.
  10. Taco Bell in Stockton, CA: 1737 SF drive-thru fast food restaurant along major retail corridor. Across from Food 4 Less shopping center. 100% NNN leased with 1 yrs left. NOI $80K/yr. $1.15M. 7% 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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