Thursday, August 11, 2016

07-28: MOB, Pollo Campero, Shopping Centers, Retail Centers, Office Buildings


Daily Best Commercial Properties

  1. MOB in Bremerton, WA: 9781 SF well maintained medical office building on .75 ac lot in Seattle suburbs. Across from CHI Harrison Hospital. 81% leased NNN leased to CHI Harrison Plastic & Reconstructive Surgery, CHI Harrison Orthopedics and Wade Zinn RPT. Actual NOI $128K/yr. $1.2M. 10.71% actual cap. Upside potential.
  2. Shopping Center in Decatur, GA: 31,133 SF shopping center renovated in 2010 on 2.34 ac lot in growing Atlanta suburbs. Major tenants include: 10,064 SF Dollar General, 10,069 SF Aaron's & Beauty Land. On an off/on ramp of I-20. NOI $198K/yr. $2.4M. 8.26% cap.
  3. Retail Center in Okemos, MI: 19,306 SF retail center renovated in 2009 on 2.42 ac corner lot in Lansing suburbs. Across from Meridian Mall with 125 stores. Tenants include: Dollar Tree, Qdoba Mexican Grill, Noodles & Company and Sprint. 100% NNN leased. NOI $295M. $4.1M. 7.20% cap.
  4. Retail Center in Victorville, CA: 17,657 SF attractive retail center constructed in 2007 on 1.79 ac lot in San Bernardino County. 82% NNN leased with strong tenant mix. Actual NOI $213K/yr. $3.099M. 6.90% actual cap. Upside potential.
  5. Shopping Center in Lubbock, TX: 26,260 SF eye-catching shopping center along busy retail corridor. All units face main thoroughfare. 77% leased. NOI $177K/yr. $2.365M. 7.50% cap.
  6. Retail Center in Atlanta, GA: 16,632 SF attractive retail center on 1.46 ac lot. Adjacent to major center with Dollar Tree and Shoe Carnival. Across from 900,000 SF Northlake Mall. 94% leased with good tenant mix including; FedEx and Coast Dental. NOI $333K/yr. $4.372M. 7.63% cap.
  7. Shopping Center in Santa Ana, CA: 39,018 SF well maintained shopping center on 3.75 ac lot in densely populated and upper middle-class Los Angeles suburbs. 97% leased. NOI $354K/yr. 8M. 4.43% cap. Just over $200/SF!
  8. Retail Center in Rialto, CA: 21,013 SF retail center on nearly 2 ac lot at a signalized corner location in San Bernardino County. 90% leased. Actual NOI $227K/yr. $3.5M. 6.50% actual cap. Upside potential when fully leased.
  9. Apartments in Riverside, CA: 72-units apartment complex in growing middle-class Los Angeles suburbs. Close to shopping centers, Kaiser Permanente Hospital, Castle Park, an carnival-style amusement park and Hwy-91.  96% occupied. NOI $636K/yr. $11M. 5.79% cap.
  10. Pollo Campero in Lewisville, TX: 2851 SF freestanding renovated retail building in fast growing Dallas/Ft Worth suburbs. Across from Walmart Supercenter and Sam's Club. Near I-35E. Recently executed 12 yrs NNN- lease to a strong operator with 350 units. NOI $80K/yr with 10% rent increase in yrs 6 & 11. $1.334M. 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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