Friday, September 30, 2016

09-16: Jack in The Box, Dollar Tree, MOB, Shopping Centers, Dollar General, Retail Centers


Daily Best 10 Commercial Properties

  1. Shopping Center in Glendale, AZ: 21,600 SF shopping center renovated in 2014 on 1.5 ac lot along major artery in growing Phoenix suburbs. 89% NNN leased to twelve tenants. Actual NOI $184K/yr. $2.5M. 7.4% actual cap. Upside potential.
  2.  Dollar General in Loganville, GA: 10,908 SF well maintained retail building on 1.41 ac lot at a signalized corner location in growing Atlanta metro. 100% NNN corp lease with 7 yrs left. NOI $117K/yr. $1.809M. 6.50% cap.
  3. 7-Eleven Retail Center in Oklahoma City, OK: 12,796 SF well kept retail center on 1.27 ac lot. Major tenants include: 7-Eleven, Donut Shop, Price Tag Agency and Approved Cash Advance Centers. On an off/on ramp of I-240. 100% NNN leased to long-term tenants. NOI 108K/yr. $1.275M. 8.50% cap.
  4. Retail Center in Houston, TX: 19,240 SF attractive retail center built in 1997 on 2.84 ac outparcel to Food Town grocery store. Across from Walmart Supercenter. 92% leased to national and regional tenants. 7.50% cap. NOI & Price N/A.
  5. Shopping Center in Victorville, CA: 21,800 SF shopping center on 1.66 ac lot in growing middle-class San Bernardino County. Shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket. Close to The Mall of Victor Valley. 94% NNN leased with excellent tenant mix including Metro PCS, Little Caesar's Pizza, Smoke Shop, Cash 4 Gold, Liberty Dental among others. Actual NOI $475K/yr. Price reduced from $7.7M to $7.6M. 6.25% actual cap. Upside potential!
  6. MOB in Gilroy, CA: 33,052 SF Class-B multitenant medical office building completed in 1991 on 2.60 ac lot in growing upper middle-class (AHI $105K/yr in a 3 mile ring) Silicon Valley suburbs. Adjacent to St Louis Hospital and with easy access to Hwy-101. 93% leased. NOI $600K/yr. $8.75M. 6.85% cap.
  7. MOB in Folsom, CA: 37,040 SF Class-A medical office building constructed in 2005 on over 3 ac lot along major artery in affluent Sacramento suburbs with an AHI of $122K/yr. Across from Folsom Lake College. 91% leased to multiple tenants including Sutter Health. NOI $561K/yr. $8M. 7% cap.
  8. Dollar Tree in Akron, OH: 9032 SF brand new single tenant retail building on over 1 ac lot in densely populated residential neighborhood. New 10 yrs NNN lease. NOI $107K/yr with 4.18% rent increase in yr 6. $1.542M. 7% cap.
  9. Jack in the Box in Garland, TX: 2487 SF drive-thru single-tenant fast food restaurant built in 1997 on .78 ac lot in fast growing Dallas suburbs. With easy access to I-30. 100% absolute NNN lease with 4 yrs left. NOI $135K/yr. $2.005M. 6.75% cap.
  10. Shopping Center in Tulsa, OK: 54,786 SF attractive shopping center built in 2000 on over 5 ac lot anchored by Jo Ann Fabrics. Adjacent to 450,000 SF Southroads Shopping Center anchored by AMC Theaters, Ross Dress for Less, Michaels and Petco. Across from Tulsa Promenade Mall and near I-44. 97% leased. NOI $639K/yr. $8.25M. 7.75% 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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