Tuesday, June 30, 2015

06-16: Family Dollar, Shopping Centers, MOB, Retail Centers


Daily Best Commercial Properties

  1. Retail Center in Humble, TX: 16,535 SF attractive retail center built in 2005 outparcel to Walmart Supercenter in Houston suburbs. Close to Deerbrook Mall and Hwy-59. 100% leased to Citibank, TitleMax, Brooklyn Pizza, Cartridge World, Firehouse, H&R Block and Diabetes America. NOI $374K/yr. $5.35M. 7% cap.
  2. Shopping Center in Pearland, TX: 42,517 SF eye-catching shopping center completed in 2007 on over 3 ac lot along busy retail corridor in affluent Houston MSA with an AHI of $120K/yr in a 1 mile ring. Key tenants include: Jason’s Deli, Orangetheory Fitness, First American Title, Plato’s Closet & Arrow Dental. 100% leased.  NOI $839K/yr. $11.571M. 7.26% cap.
  3. Shopping Center in Phoenix, AZ: 64,793 SF shopping center on 6.46 ac lot in a fast growing area. Close to Metrocenter and I-17. 97% leased with good tenant mix including: Planet Fitness, Laser Quest and Dart Bar. NOI $553K/yr. $7.714M. 7.18% cap.
  4. Retail Center in Lincolnwood, IL: 26,192 SF shopping center at a hard corner location anchored by CVS Pharmacy in Chicago suburbs. 83% leased with long term tenants. NOI $664K/yr. $8M. 8.30% cap.
  5. Shopping Center in Jefferson, LA: 45,032 SF attractive shopping center on 2.80 ac lot in New Orleans metro. Close to Ochsner Medical Center. 100% leased to 3 brand name tenants: Winn Dixie Supermarket, Family Dollar, and Aaron's. NOI $305K/yr. $3.75M. 8.15% cap.
  6. Office Building in Belleville, IL: 72,060 SF Class-A consisting of two office buildings in St Louis suburbs. Close to St. Elizabeth’s Hospital and the Court House. Actual NOI $352K/yr. $4.2M. 8.40% actual cap. Upside potential when fully leased.
  7. Family Dollar in Colton, CA: 9180 SF newly constructed single tenant retail building on over 1 ac lot in San Bernardino County. 10-yr lease to a credit tenant. NOI $158K/yr. $2.682M. 5.90% cap.
  8. MOB in Clinton Township, MI: 17,000 SF Class-B single tenant medical office building constructed in 1990 on over 2 ac lot in a densely residential area. 100% NNN lease to St. John Home Health Care with over 500 locations. NOI $205K/yr. $2.5M. 8.22% cap.
  9. Retail Center in Lansing, IL: 22,315 SF attractive retail center along main retail corridor in Chicago suburbs. Between River Oaks Center and I-80/294. 100% leased with good tenant mix. NOI $278K/yr. $2.9M. 9.62% cap.
  10. Strip Center in Pomona, CA: 6111 SF strip center completed in 2006 at a corner location in Los Angeles suburbs. 100% leased. NOI $97K/yr. $1.299M. 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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