Monday, August 22, 2016

08-08: Denny's, MedPost Urgent Care, Auto Center, DaVita, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Denny's in Riverdale, UT: 6677 SF Denny's Restaurant on .54 ac lot  along major retail corridor in a town North of Salt Lake City. Adjacent to Newgate Mall and other major big-box retailers such as Costco, Lowe's, Old Navy, Ross Dress for Less and more. Newly executed 20 yrs left with over 19 yrs left to a strong operator with 87 units. NOI $144K/yr with 10% rent increases every 5 yrs. $2.618M. 5.5% cap.
  2. MedPost Urgent Care in La Quinta, CA: 5019 SF Class-A single-tenant medical office building completed in 2004 on .55 ac lot in Los Angeles suburbs. Adjacent to Washington Park, a 600,000 SF center with Lowe's, Target, Cost Plus, Trader Joe's and newly constructed Century Theaters. 10 yrs NNN lease to an operator with multiple locations. NOI $158K/yr with 5% rent bumps every 2.5yrs. $3.162M. 5% cap.
  3. Auto Center in Walnut, CA: 9110 SF single-tenant well maintained auto center on .40 ac lot along busy corridor and in a high income Los Angeles County. 100% leased. NOI $81K/yr. $1.6M. 5.12% cap.
  4. DaVita in Memphis, TN: 5814 SF Class-B built-to-suit dialysis center constructed in 2002 on over 1 ac lot. Across from Methodist South Hospital. Recently extended lease with over 8 yrs left. NOI $87K/yr. $1.298M. 6.75% cap.
  5. Retail Center in Orlando, FL: 55,512 SF attractive retail center built in 2002 on 8.43 ac lot anchored by Save-A-Lot grocery. NOI $596K/yr. $7.45M. 8% cap.
  6. Retail Center in Lincoln, NE: 13,388 SF retail center built in 2004 on over 2 ac lot in growing and affluent area with an AHI of $106K/yr in a 1 mile ring. Close South Pointe Pavilions Power Center. Tenants include Buffalo Wild Wings and Max Muscle with multiple locations. NOI $212K/yr. $2.65M. 8% cap.
  7. Retail Center in Yukon, OK: 24,856 SF eye-catching retail center built in 2008 on 2.58 ac lot in upper middle-class Oklahoma City MSA. 100% leased. NOI $352K/yr. $3.85M. 8.45% cap.
  8. Retail Center in Reno, NV: 14,681 SF attractive retail center constructed in 2007 on .33 ac lot. Close to Hwy-395. 85% NNN leased. Actual NOI $355K/yr. $4.185M. 8.50% actual cap. Upside potential when fully leased,
  9. Office Building in Costa Mesa, CA: 18,782 SF Class-B two-story multitenant office building on .35 ac lot in high income (AHI of $102K/yr) Los Angeles suburbs. Between Hwy-73/55.  100% leased. NOI $240K/yr. $4M. 6% cap.
  10. Apartments in Dallas, TX: 20-units multifamily complex on .44 ac lot in upper middle class area with an AHI of $93K/yr in a 3 mile radius. NOI $154K/yr. $1.93M. 8% 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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