09-02: The Habit Burger Grill, Fitness Evolution, Lady Fitness, Retail Centers, Shopping Centers

Daily Best Commercial Properties

The Habit Burger Gill in Turlock, CA: 3047 SF brand new single tenant fast casual restaurant on .82 ac lot in growing middle-class city in Modesto suburbs. Nearby major retailers include: Walmart, Target, Home Depot, Costco, Ross Dress for Lease and more. Close to Hwy-99. New 15 yrs NNN- corp lease. NOI $140K/yr with scheduled rent bumps. $2.676M. 5.25% cap. Office Building in Virginia Beach, VA: 11,448 SF Class-B multitenant office building on .82 ac lot along major corridor and in high income Norfolk suburbs with an AHI of $93K/yr. Major tenant Virginia Eye Consultants with five locations, offering advance medical eye care and LASIK surgery. 80% leased to medical and professional tenants. NOI $127K/yr. $1.65M. 7.72% cap. 7-Eleven Strip Center in Long Beach, FL: 6750 SF well maintained strip center on .49 ac lot at a highly visible location in densely populated Los Angeles area. Major tenants include: 7 Eleven, Fred Loya Insurance and Union Bank ATM. 100% NNN leased. NOI $211K/yr. $4.22M. 5% cap. Fitness Evolution in Atascadero, CA: 30,000 SF fitness facility on over 3 ac lot along major retail corridor in Southern California. 15 yrs absolute NNN lease to a strong franchisee with 60 units. NOI $300K/yr with annual rent increases. $4.615M. 6.50% cap. Lady Fitness in West Haven, UT: 7218 SF attractive fitness center built in 2005 on 1.77 ac lot in growing upper middle-class Salt Lake City MSA. New 5 yr lease. NOI $134K/yr. $1.735M. 7.75% cap. Retail Center in McAllen, TX: 38,268 SF attractive retail center built in 2007 on 4 ac lot in a fast growing area. Across from Costco and Lowe's. Close to Las Tiendas Plaza anchored by Walmart, Sam's Club, Ross Dress For Less and Target. On a ramp of I-2. Credit tenant include: Krispy Kreme, Baskin Robins, AT&T and Platos Closet. 97% NNN leased. Actual NOI $867K/yr. $11.56M. 7.50% cap. Retail Center in San Bernardino, CA: 23,423 SF well kept retail center on 1.29 ac lot along busy thoroughfare. All units face main road. 84% leased. Actual NOI $186K/yr. $2.395M. 7.77% 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.