Wednesday, September 21, 2016

9-07: Long John Silver's, Burger King, Strip Center, MRI, Shopping Center, Retail Center


Daily Best Commercial Properties

  1. Retail Center in Fort Worth, TX: 19,448 SF retail center constructed in 1980 on over 2 ac lot in a fast growing area. Adjacent to Kroger, Big Lots and H.E.B. grocery centers. 100% NNN leased to eight tenants with low rents (upside potential). NOI $186K/yr. $2.486M. 7.50% cap.
  2. MRI Center in Conyers, GA: 2943 SF well maintained medical office building on 1.27 ac lot along busy artery in fast growing Atlanta MSA. GA is a Certificate of need state. Tenant has been at this location since 2006. Close to I-20. Newly executed 5 yrs absolute NNN lease to Northside Hospital, a major regional tenant. NOI $74K/yr with 2% annual rent increases. $1.061M. 7% cap.
  3. Shopping Center in Salt Lake City, UT: 29,207 SF attractive shopping center built in 2006 on 3.16 ac lot. With easy access to I-215. 94% NNN leased. Pro forma NOI $417K/yr. $5.7M. 7.32% pro forma cap.
  4. Retail Center in Lansdale, PA: 21,293 SF consisting of three retail buildings in growing and high income Philadelphia MSA with an AHI of $100K/yr in a 1 mile ring. 100% leased to national tenants. NNN leased with the exception of one tenant. NOI $513K/yr. $7.34M. 7% cap.
  5. Neighborhood Center in Marietta, GA: 67,215 SF retail building, 7123 SF retail building and 12,954 SF restaurant on over 10 ac lot along major retail corridor in Atlanta metro. Adjacent to Walmart Supercenter. Close to Town Center at Cobb and I-75. 98% leased. Actual NOI $984K/yr. $12.3M. 8% cap.
  6. Retail Building in Snellville, GA: 4960 SF attractive retail building on .63 ac lot in Atlanta suburbs. Along Hwy-124. Close to Eastside Medical Center. 100% NNN leased to TitleMax and Velox Insurance. NOI $94K/yr. $1.3M, 7.30% cap.
  7. Long John Silver's in Chula Vista, CA: 2563 SF well maintained fast food restaurant on .57 ac lot along busy artery in San Diego suburbs. New 10 yrs absolute NNN lease to an operator with eight units. NOI $60K/yr with 5% rent bumps every 5 yrs. $960K. 6.25% cap.
  8. Miami Subs in Pompano Beach, FL: 2114 SF single tenant retail building remodeled in 2012 on .65 ac lot in Fort Lauderdale suburbs. Adjacent to Pompano Beach Train Station. Near Costco and I-95. 20 yrs NNN lease with 13 yrs left to an established operator. NOI $84K/yr. $1.415M. 6% cap.
  9. Burger King in Charlottesville, VA: 2384 SF well kept drive-thru fast food restaurant on .79 ac lot at a signalized corner location. Across from Food Lion shopping center and near Sentara Martha Jefferson Hospital. Tenant has been here since 1986. 100% NNN lease with 4 yrs left. NOI $94K/yr. $1.241M 7.61% cap.
  10. Strip Center in Huntington Beach, FL: 5500 SF attractive strip center built in 2002 on  .46 ac outparcel to Walmart in Los Angeles suburbs. Adjacent to Kaiser Permanente Huntington Beach and Huntington Beach Hospital. 100% leased. Property on ground lease till 2065 (only building is for sale). NOI $110K/yr. $1.7M. 6.50% 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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