Monday, June 29, 2015

06-11: MOB, Shopping Centers, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. Shopping Center in Melbourne, FL: 131,871 SF well maintained shopping center on over 13 ac lot. Major tenants include: Save A Lot, Aaron Rents, Goodwill, Harbor Freight and Liberty Tax. 90% leased. Actual NOI $629K/yr. $7.85M. 8.02% actual cap. Upside potential.
  2. Shopping Center in Manteca, CA: 54,643 SF attractive shopping center built in 2007 on 5.47 ac lot anchored by PetSmart  in Stockton suburbs. Adjacent to Food 4 Less center. With easy access to I-99. 88% NNN leased. Actual NOI $625K/yr. $8.25M. 7.58% actual cap. Upside potential.
  3. Strip Center in Orlando, FL: 8436 SF strip center constructed in 2004 on nearly 1 ac outparcel to Walmart Supercenter and at a highly visible location. 95% leased. Actual NOI $224K/yr. $3.195M. 7.04% actual cap.
  4. Retail Building in Lakeville, MN: 9600 SF attractive retail building on 1.41 ac lot in Minneapolis suburbs. Next to I-35. 100% leased to O’Reilly Auto Parts, Tint World and Allstate Insurance. NOI $99K/yr. $1.4M. 7.10% cap.
  5. MOB in Munster, IN: 6895 SF Class-B multitenant medical office building in growing and middle class Chicago suburbs. Recent $600,000 renovations and remodeling. 100% leased. NOI $110K/yr. $1.1M. 10% cap.
  6. Retail Center in Hammond, IN: 9814 SF retail center along main artery. Adjacent to Food 4 Less and Home Depot. 100% leased to Sprint, Check into Cash, Sally Beauty, Gel Nails and GameStop. NOI $124K/yr. $1.7M. 7.35% cap.
  7. Retail Center in Sugar Land, TX: 37,773 SF attractive retail center on 5.78 ac lot in high income (AHI $109K/yr) Houston suburbs. Along Hwy-6. 100% NNN leased. NOI $601K/yr. $8.3M. 7.25% cap.
  8. Shopping Center in Capitol Heights, MD: 43,951 SF shopping center constructed in 1991 on 5.64 ac lot in Washington suburbs. Major tenants include: McDonalds, Family Dollar, subway & Greater Baden Medical Services. 100% leased. $8.95M. NOI & cap N/A.
  9. Strip Center in Norcross, GA: 13,774 SF attractive strip center at a corner location in Atlanta suburbs. Notable tenants include: Firehouse Subs and Little Caesar’s Pizza. $1.299M. NOI N/A.
  10. Retail Center in Boynton Beach, FL: 18,311 SF retail center renovated in 2004 on 2.30 ac lot in Fort Lauderdale suburbs. 86% NNN leased. Actual NOI $315K/yr. $4.2M. 7.50% cap.

(c) Transmercial 2015
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.  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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