Monday, August 29, 2016

08-15: Apartments, Mixed-use, Auto Center, Walgreens, Professional Buildings, Retail Centers



Daily Best Commercial Properties

  1. Retail Center in Concord, CA: 12,370 SF well kept retail center on over 1 ac corner lot in growing upper middle-class Contra Costa County. Tenants include: Bambinos, Charbird, CK Hair & Nails and Diggers Diner. 73% NNN leased with only one vacancy. Actual NOI $249K/yr. $3.7M. 6.75% cap.
  2. Retail Center in Fulshear, TX: 18,010 SF newly constructed retail center on 2 ac lot in booming (2,309% pop growth in a 3-mile ring) and affluent (AHI $160K/yr in a 3-mile ring) Houston MSA. Across from Aldi Grocery. 91% NNN leased to 6 tenants. Current NOI $404K/yr. $5.742M. 7% cap.
  3. Retail Center in Fulshear, TX: 20,226 SF retail center constructed in 2015 on 2.36 ac lot in booming (2,309% pop growth in a 3-mile ring) and affluent (AHI $160K/yr in a 3-mile ring) Houston suburbs. Adjacent to CVS Pharmacy. Major tenants: First Cup Coffee, Orange Leaf, Prestige Properties and Brick Over Pizza.100% NNN leased to 8 tenants. 7% cap. NOI 465K/yr. $6.646M.
  4. Retail Building in Allen, TX: 12,000 SF attractive retail building on 1.74 ac lot at a signalized corner location in Dallas suburbs. Close to Eagle Stadium, Texas Health Presbyterian Hospital and Hwy-75. 90% NNN leased to Dentist, Pizzaroni Restaurant, Nail Salon, Convenience Store and Donut Shop. Actual NOI $220K/yr. $2.9M. 7.60% cap. Upside potential when fully leased.
  5. Apartments in Houston TX: 24-units two-bedroom apartment complex on .58 ac lot in high income area. Near Texas Medical Center, Houston Zoo and Hermann Park, University of Houston and Texas Southern University. 8% cap. NOI Undisclosed! 
  6. Mixed-use in Hayward, CA: 23,496 SF consisting of two restaurants and 41 offices on .79 ac lot in upper middle-class Alameda County, South of San Francisco. Across from Main Hayward U.S. Post Office, Alameda Superior Court House & Police Dept.  Close to Southland Mall and I-880. Mostly NNN leases. NOI $355K/yr. $4.495M. 7.90% cap.
  7. Retail Building in Fresno, CA: 3750 SF retail building at a signalized corner location and in a fast growing area. 100% NNN leased to 24 Hour Donut and Quick Stop Convenience Mart. NOI $64K/yr. $995K. 6.5% cap.
  8. Auto Center in Tucson, AZ: 4710 SF well maintained single-tenant auto center on .54 ac lot along busy artery and with easy access to I-10. 100% NNN leased with 7 yrs left. NOI $96K/yr. $1.318M. 7.35% cap.
  9. Walgreen's in Mobile, AL: 15,120 SF Walgreens Pharmacy on over 2 ac lot at a hard corner location in growing and high income area with an AHI of $95K/yr. Across from Winn-Dixie Grocery. 100% NNN leased with 5 yrs left. NOI $356K/yr. $4.91M. 7.25% cap.
  10. Professional Center in Goose Creek, SC: 14,960 SF Class-B multitenant professional building completed in 2006 in growing Charleston suburbs. 100% leased to MUSC, Select Medical and Palmetto Primary Care Physicians. NOI $270K/yr. $3.75M. 7.22% 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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