Wednesday, August 10, 2016

07-27: Kohl's, Carl's Jr. Apartments, MOB, Mixed-use, Church's Chicken, Shopping Centers



Daily Best Commercial Properties

  1. Kohl's in Belton, MO: 88,279 SF big-box retail building constructed in 2004 on over 10 ac lot in growing Kansas City MSA. Adjacent to Target and Home Depot. Close to 71-bed Belton Regional Medical Center and I-49. 20 yrs NNN lease with over 8 yrs left. NOI $776K/yr. $11.1M. 7% cap.
  2. Carl's Jr. in Bakersfield, CA: 2734 SF well maintained drive-thru fast food restaurant at a signalized intersection & along major retail artery. Adjacent to Costco. Tenant has been at this location since 1989. Outstanding visibility.  On an off/on ramp of Hwy-99. 10 yrs NNN lease with 8 yrs left. NOI $137K/yr with scheduled rent increases. $2.561M. 5.35% cap. NOTE: flyer not available, full brochure upon request.
  3. Shopping Center in Garden Grove, CA: 39,633 SF two-story well kept shopping center at a hard corner location in densely populated Little Saigon area. 100% leased. NOI $799K/yr. $16M. 5% cap.
  4. Apartments in Bradenton, FL: 18-units attractive apartment complex on 2.39 ac lot. Upgraded interior on most units. Close to State College of Florida-Bradenton and major shopping centers. 89% occupied. Actual NOI $111K/yr. $1.695M. 6.60% cap.
  5. MOB in Pittsburgh, PA: 28,611 SF Class-B medical office building on 1.52 ac lot in a high income area with an AHI of $95K/yr. Adjacent to Saint Clair Hospital. 100% NNN leased to multiple tenants. NOI $413K/yr. $5.9M. 7% cap.
  6. Strip Center in Lathrop, CA: 16,303 SF strip center built in 2008 on 2.48 ac outparcel to Save Mart Supermarket center. Tenants include: Subway, Little Caesars, Dick's BBQ, In-Shape Fitness, nails and spa. All units face Hwy-5. 100% leased to six tenants. NOI $328K/yr. $5.471M. 6% cap.
  7. Mixed-use in Hayward, CA: 6512 SF consisting of one ground floor retail unit and three apartment units on the second floor completed in 2003 in growing upper middle-class Silicon Valley metro. 100% leased. NOI $74K/yr. $1.5M. 4.97% cap.
  8. 7-Eleven Retail Building in Canton, MI: 3510 SF two unit retail center on .31 ac corner lot at a signalized intersection in a high income (AHI $103K/yr in a 3 mile ring) neighborhood. Across from Lowe's, Kohl's  and Target. 100% leased to two tenants including 7-Eleven. NOI $76K/yr. $1.267M. 6% cap.
  9. Shopping Center in Duluth, GA: 68,676 SF eye-catching shopping center completed in 1996 on 11.43 ac lot along major retail corridor in high income Atlanta metro. Adjacent to major shopping centers and Gwinnett Medical Center. 72% leased to quality regional and local tenants. NOI $503K/yr. $7.075M, 7.12% cap.
  10. Church's Chicken in Houston, TX: 1170 SF franchised fast food restaurant on .29 ac lot along busy artery. New 16 yrs absolute NNN lease to a strong operator with 110 units. NOI $57K/yr. with  1.5% annual rent increases. $956K. 6% cap.
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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