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- Youfit Health Club in
Richardson, TX: 25,000
SF recently renovated fitness center on over 3 ac lot at a hard corner
location in growing Dallas suburbs. Across from 500,000 SF Power Center
with Target, Lowe’s, Sears and Ross Dress 4 Less. New 10-yrs NNN- corp
lease to Youfit with over 70
locations. NOI $287K/yr with 10% rent bumps every 5 years. $3.965M.
7.25% cap.
- Georgia Fitness in
Sugar Hill, GA:
34,000 SF attractive state-of-the-art fitness center constructed in 2002
on over 4 ac lot in affluent Atlanta suburbs with an AHI of $133K/yr in
1 mile ring. New 10-yrs NNN- lease to Georgia Fitness with 4
locations in Atlanta. NOI $408K/yr with 8.3% rent increase in 2017 along
with annual rent increases thereafter. $5.1M. 8% cap.
- Neighborhood Center in
Bellflower, CA:
60,094 SF well maintained shopping center on nearly 6 ac lot at a major
signalized intersection in densely populated Los Angeles area. Major
tenants include: Fresenius Dialysis, Carl’s Jr. Healthcare Partners,
Montono Family Dentistry, Eye Care West and many more. 74% NNN leased.
Actual NOI $890K/yr. $13.695M. 6.5% actual cap. Upside potential. Buyer
to assume $5.371M loan at 5.07% interest rate due in 2024.
- AutoZone in Modesto,
CA:
6786 SF auto center constructed in 2008 on .75 ac lot along main artery
in growing middle-class area. 100% NNN- lease with 8-yrs left. NOI
$152K/yr with 10% rent increases every 5-yrs. $2.648M. 5.75% cap.
- Jiffy Lube in Concord,
CA:
4170 SF 3-service bay auto center completely renovated in 2009 on .36 ac
lot. In high income (AHI $91K/yr) Concord/Pleasant Hill area. 100%
absolute NNN corp lease with 5-yrs left. NOI $135K/yr with 2½% annual
rent increases. $2.4M. 5.65% cap.
- Strip Center in
Milpitas, CA:
3710 SF strip center on over 1 ac lot near I-880 in high income Silicon
Valley with an AHI of $121K/yr in a 5-mile radius. 100% NNN leased to 2
tenants: Starbucks Coffee and Wayback Burger. NOI $191K/yr. $4.25M.
4.50% cap.
- Shopping Center in
Lauderhill, FL:
147,255 SF shopping center on 9.85 ac lot in fort Lauderdale
metro. Anchored by 19,000 SF specialty grocer. 78% leased. Actual
NOI $689K/yr. $9.5M. 7.26% actual cap. Upside potential when fully
leased.
- Taco Bell in Las
Vegas, NV:
1760 SF franchised fast food restaurant across from Food 4 Less. Near
I-515. 100% absolute NNN lease with 4-yrs left to a strong operator with
65-units. NOI $165K/yr. $2.248M. 7.35% cap
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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. Previous lists are
posted on Transmercial's blog after 2 weeks delay. 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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