Tuesday, September 27, 2016

09-13: Burger King, Casa Ramos, Stardust, Planet Fitness, Rite Aid, Pep Boys, Lumber Liquidators, Apartments

Daily Best 10 Commercial Properties

  1. Retail Center in Glendale, WI: 18,195 SF well maintained retail center on 1.60 ac corner lot in a high income area. 100% leased to eleven tenants. NOI $188K/yr. $1.995M. 9.46% cap.
  2. Burger King in Miamisburg, OH: 3265 SF recently renovated fast food restaurant on .69 ac outparcel to Big Lots and Goodwill center in Dayton suburbs. Adjacent to Walgreens and across from Kroger grocery. New 20 yrs absolute NNN lease to a strong franchisee with over 100 units. NOI $120K/yr with 7.5% rent increases every 5 yrs. $2.181M. 5.50% cap.  
  3. Casa Ramos Mexican Restaurant in Sacramento, CA: 7500 SF beautiful free-standing building on 1.49 ac lot in booming area with 150% population growth since 2000. Outparcel to a  Power Centers with Walmart, Home Depot, Target & Burlington Coat Factory. Close to I-80. 100% leased to a regional operator with 13 locations. NOI $139K/yr. $2.25M. 6.20% cap.
  4. Stardust Building Supplies in Glendale, AZ: 27,780 SF single-tenant retail building along major retail corridor in Phoenix suburbs. Near shopping center with Walmart Supercenter and Lowe's. 100% NNN lease to Stardust Building Supplies, a home improvement thrift store run by a non-profit organization. NOI $144K/yr. $1.811M. 8% cap.
  5. Planet Fitness in Schenectady, NY: 14,000 SF fitness center on over 1 ac lot in a fast growing area. Adjacent to Walmart. 100% NNN lease with 15 yrs left. NOI $161K/yr. $2.385M. 6.75% cap.
  6. Rite Aid in Horn Lake, MS: 11,060 SF Rite Aid Pharmacy on 1.43 ac lot at a signalized corner location in Memphis suburbs. 100% NNN corp lease with over 2 yrs left. NOI $152K/yr. $1.766M. 8.65% cap.
  7. Pep Boys in Clermont, FL: 8100 SF single tenant auto center on .85 ac lot in growing Orlando suburbs. Along Hwy-27. 100% NNN lease with 3 yrs left. NOI $170K/yr. $2.63M. 6.50% cap.
  8. Lumber Liquidators in York, PA: 8004 SF attractive retail building constructed in 1997 on 1.26 ac lot. Across from 764,514 SF York Galleria Mall and with easy access to Hwy-30. 100% NNN lease with 8 yrs left. NOI $100K/yr.  Price reduced from $1.4M to $1.342M. 7.45% cap.
  9. 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. Price reduced from $2.295M to $1.995M. 9.64% pro forma cap.
  10. Retail Building in Crestwood, IL: 40,391 SF well maintained retail building on 3 ac lot along busy retail corridor in growing and upper middle-class area. 100% NNN leased. NOI $260K/yr. $3.25M. 8% 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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