Wednesday, August 24, 2016

08-10: Starbucks, Unique Pizza, Office Building, Shopping Centers, Retail Centers, Strip Centers



Daily Best Commercial Properties

  1. Retail Center in Lees Summit, MO: 10,000 SF attractive retail center renovated in 2013 on nearly 2 ac lot in growing Kansas City suburbs. All units facing Hwy-291. 90% NNN leased with good tenant mix including Subway and Boost Mobile. Actual NOI $106K/yr. $1.375M. 7.78% cap.
  2. Strip Center in Houston, TX: 4463 SF strip center built in 2005 on .45 ac corer lot. Next/visible from I-45. 100% NNN leased to T-Mobile, Fred Loya Insurance and Cash Checking. NOI $113K/yr. $1.625M. 7% cap.
  3. Retail Center in Houston, TX: 6793 SF retail center renovated in 2009 on .52 ac lot. Next to/with easy access to I-45. 100% NNN leased to Subway, Pronto Insurance, Accident Injury Rehab Center, Dawn Donuts and Women's Care Center. NOI $124K/yr. Price reduced from $1.7M to $1.65M. 7.52% cap. 
  4. Starbucks in West Chester, OH: 1800 SF currently under renovation retail building on over 1 ac lot in affluent neighborhood with an AHI of $117K/yr. Tenant has been operating at this location since 2005. Close to IKEA and with easy access to I-75. New 10 yrs NNN- corp lease. NOI $72K/yr with 10% rent bumps every 5 yrs. $1.252M, 5.75% cap.
  5. Shopping Center in Littleton, CO: 44,000 SF well maintained shopping center on 3.80 ac lot in growing and high income (AHI $97K/yr) Denver suburbs. Major tenants include: Car-Quest, Mexican Restaurant, a Craft Brewery, Fitness Center, Sate Fart, Liquor Store and Jumping Jack Cash among others. 98% leased. Actual NOI $460K/yr. $5.9M. 7.80% actual cap. Upside potential when fully leased.
  6. Shopping Center in Vallejo, CA: 30,782 SF retail center on nearly 3 ac lot in San Francisco Bay area.  Anchored by 99 Cents Only Store. Close to Kaiser Permanente Medical Center. 100% leased to three tenants. NOI $349K/yr. $5.595M. 6.25% cap.
  7. Retail Center in Orlando, FL: 12,366 SF attractive retail center constructed in 2009 on over 1 ac lot along busy corridor. Close to Waterford Lakes Town Center, with over 100 stores.  and Hwy-408. 100% NNN leased with four tenants. NOI $196K/yr. $2.8M. 7% cap.
  8. Retail Center in Westland, MI: 7782 SF well maintained retail center built in 2008 on 1 ac lot along major retail corridor. Across from 1,0560,000 SF Westland Shopping Center. 100% NNN leased to five tenants. NOI $75K/yr. $1.006M. 7.50% cap.
  9. Office Building in Stockton, CA: 13,000 SF Class-B multitenant office building completed in 2004 on 1.7 ac lot in a growing and high income (AHI $98K/yr) area. At main entrance of Business Park. Close to I-5. 100% NNN leased. NOI $198K/yr. $3.3M. 6% cap.
  10. Unique Pizza in Murrieta, CA: 5792 SF retail building constructed in 2006 on .24 ac lot in growing and high income Riverside County. Part of a Power Center and visible from I-215. Over 10 yrs absolute NNN lease to Unique Pizza. NOI $122K/yr with annual rent increases. $1.75M. 7.02% 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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