08-19: Youfit Health Clubs, Payless Shoesource, Apartments, Advance Auto Parts, MOB

Daily Best Commercial Properties

Retail Center in Miller Place, NY: 6850 SF well maintained retail center on .75 ac lot in affluent New York suburb with an AHI of $124K/yr in a 1 mile ring. Tenants include: Platinum Family Medical, Metlife, Sunshine Chiropractic, Dentist, Realty Check, Amercian Mint and Pristine Realty. 100% leased to long term tenants. NOI $126K/yr. $1.8M. 7% cap. Youfit Health Clubs in Pinellas Park, FL: 19,547 SF fitness center along busy corridor in Tampa suburbs. 100% NNN corp lease with 8 yrs left. NOI $205K/yr. $2.566M. 8% cap. Apartments in Durham, NC: 201-units apartment complex on over 16 ac lot in a growing middle-class area. Close to shopping centers. 97% occupied. 7.20% cap. NOI & price N/A. Payless Shoesource in Rancho Cordova, CA: 3000 SF single-tenant end-cap retail building completed in 2000 on .29 ac lot along main retail corridor in growing Sacramento suburbs. Adjacent to Walmart and Safeway grocery. Tenant has been at this location since 1999. 100% NNN lease with 1.5 yrs left. NOI $55K/yr with a 2% rent bump in 2017. Price: best offer. Apartments in Summit, IL: 48-units well maintained multifamily complex in growing upper middle-class area. NOI $189K/yr. $2.395M. 7.91% cap. Mixed-use in Salt Lake City, UT: 33,253 SF Class-B multitenant office complex on 2.33 ac lot. Close to I-215. 95% leased to medical and professional tenants. Actual NOI $292K/yr. $4.5M. 6.5% cap. Professional Building in Sarasota, FL: 28,600 SF Class-A consisting of two professional & medical center built in 2002 on 2.72 ac lot at a main corridor. Close to I-75. 100% leased.  NOI $434K/yr. $5.601M. 8.08% cap. Advance Auto Parts in Alexandria, LA: 6972 SF high quality construction retail building completed in 2005 on 1.16 ac lot along Hwy-165. 100% absolute NNN corp lease with 4 yrs left. NOI $121K/yr. $1.571M. 7.75% cap. Retail Building in San Jose, CA: 23,472 SF two-story retail building completed in 2007 on 2 ac lot along busy corridor in upper middle-class Silicon Valley. Close to I-680. NNN leased to retail, medical and professional tenants. NOI $835K/yr. $16M. 5.22% cap. Strip Center in Boulder, CO: 14,439 SF well maintained strip center on nearly 1 ac corner lot in growing upper middle-class Denver MSA. 100% NNN leased. NOI $230K/yr. $4.2M. 5.48% 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.