Thursday, September 29, 2016

09-15: Under Review Sport Grill, DaVita, Dollar General, Rite Aid, MOB, Family Dollar

If you want to look at the previous daily lists, please click on the Dropbox link in the "About the Properties" box at the bottom of this email.

Daily Best 10 Commercial Properties

  1. Under Review Sport Grill in Surprise, AZ: 5529 SF highly rated on Yelp restaurant built in 2009 in growing and upper middle-class (AHI $76K/yr) Phoenix metro. Shadow anchored by a shopping center with Carmike IMAX Theatre, Uptown Alley and Walgreens. Across from Safeway center. 100% NNN lease with 10 yrs left. NOI $106K/with 3% annual rent increases. $1.421M. 7.50% cap.
  2. DaVita in Rogers, AR: 7,103 SF DaVita Dialysis Center constructed in 2011 on .81 ac lot in growing Springdale suburbs. Close proximity to Northwest Medical Center. 10 yrs NNN- corp lease with over 8 yrs left. NOI $115K/yr with 2% annual rent increases. $1.783M. 6.50% cap.
  3. Shopping Center in Louisville, KY: 26,441 SF attractive shopping center built in 1999 on 3.62 ac lot in affluent area with an AHI of $102K/yr. Close to I-64. 90% NNN leased. Actual NOI $320K/yr. $3.9M. 8.21% cap.
  4. Retail Building in Conroe, TX: 7946 SF well maintained retail center built in 2005 on .70 ac lot along busy artery. All units face main thoroughfare. With easy access to I-45. 100% NNN leased. NOI $143K/yr. $1.895M. 7.58% cap.
  5. Dollar General in Fort Worth, TX: 9100 SF single tenant retail building completed in 2009 on 1 ac lot in a fast growing area. 15 yrs NNN corp lease with over 8 yrs left. NOI $93K/yr. $1.334M. 7% cap.
  6. Retail Building in Sacramento, CA: 50,646 SF well maintained retail building on 3.52 ac lot at a signalized corner location. 100% NNN leased to O'Reilly and Rite Aid. NOI $375K/yr. $6M. 6.25% cap.
  7. Retail Center in El Centro, CA: 19,347 SF attractive retail center constructed in 1990 on over 2 ac lot in a growing area East of San Diego. NNN leased to multiple tenants. NOI $311K/yr. $4.55M. 6.85% cap.
  8. Rite Aid in Warren, OH: 11,060 SF drive-thru pharmacy constructed in 1999 on .39 ac lot at a signalized intersection in Youngstown suburbs. 100% absolute NNN corp lease with 8 yrs left. NOI $190K/yr. $2.382M. 8% cap.
  9. Surgical Center  in Mooresville, NC: 12,000 SF Class-A medical office building completed in 2002 on over 1 ac lot in a growing (90% pop growth since 2000) and high income (AHI $90K/yr) neighborhood. Close to I-77. 100% leased to three tenants. NOI $256K/yr. $3.25M. 7.90% cap.
  10. Family Dollar in Harker Heights, TX: 8000 SF single-tenant retail building in fast growing (176% pop growth) and upper middle-class (AHI $88K/yr) area. 11 yrs NNN lease with 5 yrs left. NOI $103K/yr. $1.295M. 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.

Please click here to see old daily lists.


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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