Monday, September 26, 2016

09-12: Egg Basket Pancake House, MOB, Apartments, Retail Center, Shopping Center


Daily 10 Best Commercial Properties

  1. Shopping Center in Shorewood, IL: 30,016 SF attractive shopping center built in 2005 on 3.87 ac lot in a high income area. Major tenants include: El Mercado, Salon Professional Academy, Dukes Catering and Asian Express among others. 68% leased. Actual NOI $193K/yr. $2.767M. 7% actual cap. Upside potential when fully leased!
  2. Strip Center in Tampa, FL: 9300 SF strip center constructed in 2004 on .76 ac lot along busy artery. Tenants include: Amscot, Nail Salon, T-Mobile, Hair Salon and Pharmacy. 100% NNN leased. NOI $202K/yr. $2.725M. 7.44% cap.
  3. Retail Buildings in Davenport, IA: 14,336 SF consisting of two retail buildings completed in 1997 on 1.64 ac lot. Close to North Park Mall and with easy access to I-80. 100% NNN leased with excellent tenant mix: NOI $137K/yr. $1.45M. 9.50% cap.
  4. Retail Center in Magnolia, TX: 9164 SF attractive retail center built in 2000 on .87 ac corner lot  in fast growing and high income Houston MSA. Across from Brookshire Brothers shopping center. 100% NNN leased to national, regional and local tenants. NOI $168K/yr. $2.135M. 7.89% cap.
  5. Retail Center in Lathrop, CA: 8116 SF consisting of two retail buildings on over 1 ac lot at a signalized corner location in fast growing upper middle-class San Joaquin County. Close to I-5. 100% NNN leased. NOI $133K/yr. $2.23M. 6% cap.
  6. Apartments in Yuba City, CA: 28-units well kept multifamily building. Close to Schools, Parks, Yuba Sutter Mall and Target. With easy access to Hwy-99. 95% occupied. Pro forma NOI $128K/yr. $1.82M. 7% pro forma cap.
  7. Strip Center in Hanford, CA: 5828 SF strip center built in 2006 on .62 ac outparcel to 99 Cents Only and OSH. Close to Hanford Mall. 100% NNN leased to OneMain Financial, London Properties, Beltone Hearing Centers and Mariscos Colima Mexican Restaurant. NOI $160K/yr. $2.67M. 6% cap.
  8. Egg Basket Pancake House in Streamwood, IL: 5298 SF single tenant breakfast restaurant renovated in 2014 on .74 ac outparcel to Walmart and Sam's Club. 100% absolute NNN lease with over 9 yrs left to a successful operator. NOI $101K/yr. $1.5M. 6.76% cap.
  9. Retail Center in Edmond, OK: 17,325 SF attractive retail center on 1.55 ac lot in growing and high income Oklahoma City suburbs. 93% leased.  Actual NOI $174K/yr. $2.112M. 8.25% actual cap.
  10. MOB in Rowlett, TX: 14,904 SF Class-A multitenant medical office building completed in 2005 on 2.57 ac lot in growing Dallas suburbs. 100% NNN leased to US Renal Care, Vanguard Vascular & Venin and Baylor Healthcare. NOI $276K/yr. $3.9M. 7.08% 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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