Monday, August 10, 2015

07-27: Rock Bottom Restaurant & Brewery, Cool Hand Luke's, Applebee's, MOB, Shopping Centers


Daily Best Commercial Properties

  1. Applebee's in Pittsburgh, PA: 5000 SF Applebee's Restaurant renovated in 2014 on .46 ac outparcel to 92,000 SF Scott Town Centre in a high income (AHI $82K/) neighborhood. Tenant has been at this location for 25 yrs. 100% NNN lease with 4-yrs left to a strong operator with 479 units. Tenant spent $200K of its money for renovation in 2014 (good indication to renew lease).  Store with strong sales of over $1.64M in 2014. NOI $75K/yr. $1.153M. 6.5% cap.
  2. MOB in San Antonio, TX: 15,134 SF Class-A medical office building constructed in 2005. Excellent demographics: fast growing and affluent (AHI of $106K/yr) area. 100% NNN leased to three medical tenants. NOI $301K/yr. $3.884M. 7.75% cap.
  3. Cool Hand Luke's in Riverbank, CA: 7537 SF attractive steakhouse restaurant built in 2004 on .29 ac lot in a growing upper middle class Modesto suburbs. 15-yrs NNN leased to a regional operator. NOI $176K/yr. $2.6M. 6.79% cap.
  4. Rock Bottom in Indianapolis, IN: 8018 SF Restaurant & Brewery on over 4 ac lot in a growing middle class area. Adjacent to Kroger and Trader Joe's centers. Near Sam's Club and Wal-Mart Supercenter. 100% NNN lease with over 4-yrs left. NOI $290K/yr. $3.3M. 8.80% cap.
  5. Shopping Center in Watauga, TX: 32,510 SF shopping center built in 2004 in growing Dallas/ Fort Worth suburbs. 100% leased with medical and retail tenants. NOI $512K/yr. $6.25M. 8.2% cap.
  6. Restaurant & Strip Center in Roseville, CA: 9852 SF consisting of single tenant restaurant and 3-tenant strip center on nearly 2 ac lot at a hard corner location in affluent Sacramento suburbs (AHI of over $100K/yr in1  mile). Across from Golf land Sun Splash, near Sutter Medical Center and easy access to I-80. 100% NNN leased. NOI $281K/yr. $4.75M. 5.93% cap.
  7. Retail Building in Everett, WA: 15,330 SF well maintained retail building on nearly 1 ac lot in growing Seattle suburbs. 100% leased to four tenants. $1.975M. 6.10% cap.
  8. Shopping Center in Temecula, CA: 23,347 SF consisting of two well maintained retail centers on 1.73 ac lot in Riverside County. Close to The Promenade in Temecula and I-15. 100% leased. NOI $301K/yr. $5.03M. 6% cap.
  9. Strip Center in Glendale, AZ: 7942 SF strip center completed in 2004 on .94 ac lot in Phoenix suburbs. Adjacent to Walgreens. 100% leased. NOI $88K/yr. $1.175M. 7.55% cap.
  10. MOB in Lawrence, MA: 4415 SF Class-A single tenant medical office building adjacent to Lawrence General Hospital.  100% NNN leased with 3 yrs left. NOI $82K/yr. $1.1M. 7.50% cap. 
(c) Transamerica 2015
About The Properties

Transamerica 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.  Transamerica 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 Transamerica only.


David V. Tran
Chief Investment Advisor. CA BRE# 00969014
Transmercial -- Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)


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