Thursday, September 1, 2016

08-18: Tires Plus, Burger Aptos, Shopping Centers, Women's Health Specialist


Daily Best Commercial Properties

  1. Women's Health Specialist in Germantown, TN: 10,800 SF attractive medical office building completed in 2005 on .86 ac lot in affluent (AHI $109K/yr)Memphis suburbs. Across from Baptist Memorial Rehabilitation Hospital. 100% absolute NNN lease with 11 yrs left to five doctors. NOI $236K/yr with 2% annual rent increases. $3.509M. 6.75% cap.
  2. Shopping Center in Jacksonville, FL: 44,175 SF well maintained shopping center on over 3 ac lot. Next to Winn-Dixie supermarket. Major tenants include: O'Reilly Auto Parts, Family Dollar and Sally Beauty Supply. 85% NNN leased. NOI $310K/yr. $4M. 7.76% cap.
  3. Shopping Center in Pasadena, TX: 21,966 SF attractive shopping center on 1.86 ac lot along major retail corridor in growing Houston suburbs. Across from Walmart Supercenter. 73% NNN leased. Actual NOI $263K/yr. $3.77M. 7% actual cap. Upside potential when fully leased.
  4. Burger Aptos in Aptos, CA: 3969 SF highly rated on Trip Advisors single-tenant restaurant on .78 ac lot in high income Santa Cruz County. 100% NNN lease with 6 yrs left. NOI $85K/yr. $1.55M. 5.50% cap.
  5.  Apartments in Fayetteville, NC: 45-units well maintained townhome apartment complex on over 5 ac lot in a fast growing middle-class area. 100% occupied. Proforma NOI $192K/yr. $2.295M. 8.38% pro forma cap.
  6. Retail Center in Gurnee, IL: 10,906 SF retail center built in 1993 on 1.40 ac lot at a signalized intersection in a high income neighborhood. 100% NNN leased to Bridgestone/Firestone, Enterprise Rent-A-Car, Jimano's Pizzeria and Grand Cleaners. NOI $215K/yr. $2.783M. 7.75% cap.
  7. Shopping Center in Kissimmee, FL: 31,845 SF well maintained shopping center on over 4 ac lot along busy artery in growing Orlando suburbs. 95% leased. NOI $455K/yr. $6.5M. 7% cap.
  8. Retail Center in Bradenton, FL: 22,080 SF attractive retail center along major thoroughfare. Close to DeSoto Square Mall. 83% leased. Pro forma NOI $267K/yr. $3.55M. 7.54% cap.
  9. Tires Plus in Buford, GA: 7140 SF single-tenant retail building in fast growing Atlanta MSA. Adjacent to Walmart Supercenter and I-85. 100% NNN lease with 9 yrs left. NOI $104K/yr. $1.49M. 7% cap.
  10. Retail Center in Memphis, TN: 16,302 SF well maintained retail center on 1.70 ac lot. All units face main corridor. 100% leased with good tenant mix including, Family Dollar, Subway and Best Wings. NOI $140K/yr. $1.625M. 8.66% 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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