Wednesday, August 19, 2015

08-05: Advance Auto Parts, IHOP, Walgreens, Fresenius Dialysis Center, Shopping Centers


Daily Best Commercial Properties

  1. Strip Center in Memphis, TN: 14,838 SF well maintained strip center on 1.70 ac lot. All units facing main road. with easy access to I-240. 100% NNN leased to seven tenants with very low rents. NOI $94K/yr. $1.055M. 9% cap.
  2. Strip Center in Fresno, CA: 5500 SF strip center on .46 ac outparcel by El Super grocery store. Near Community Regional Medical Center and Hwy-41. 100% leased by five tenants. NOI $70K/yr. $1M. 7% cap.
  3. Office Building in Ann Arbor, MI: 26,640 SF Class-B office building completed in 2003 on nearly 1 ac lot in high income & vibrant area (AHI $95K/yr). NOI $256K/yr. $3.2M. 8% cap.
  4. Shopping Center in Indianapolis, IN: 59,782 SF consisting of four retail buildings completed in 2003 on over 8 ac outparcel to Walmart Supercenter. Major tenants include: Deals/Dollar Tree, Buffalo Wild Wings, Sally Beauty, Pet Supplies Plus and Rally's. 96% NNN leased. Pro forma NOI $730K/yr. $9.02M. 8.10% pro forma cap.
  5. Advance Auto Parts in Houston, TX: 7000 SF auto parts store on 1 ac lot at a signalized intersection of Hwy-6. 100% NNN lease with 6-yrs left. NOI $140K/yr. $2.153M. 6.50% cap.
  6. IHOP in Clearwater, FL: 4424 SF well maintained franchised restaurant along Hwy-19 in Tampa suburbs. Adjacent to Super 8 and next to Walmart Supercenter. 10-yrs NNN lease with 9-yrs left. NOI $82K/yr. $1.3M. 6.34% cap.
  7. Retail Center in Brookfield, WI: 11,594 SF retail center on over 1 ac corner lot along main artery in high income Milwaukee suburbs. 95% NNN leased to seven tenants. Pro forma NOI $117K/yr. $1.425M. 8.25% cap.
  8. Shopping Center in Virginia Beach, VA: 50,838 SF recently renovated shopping center on 4.55 ac lot anchored by Farmers International Foods Grocery in growing and upper middle class Norfolk suburbs. 100% leased. NOI $372K/yr. $4.325M. 8.62% cap.
  9. Walgreens in Lawrenceville, GA: 15,120 SF Walgreens built in 2001 on nearly 2 ac lot at a hard corner location. 100% absolute NNN lease with over 10 yrs left. NOI $395K/yr. $6.583M. 6% cap.
  10. Fresenius in Fort Worth, TX: 9000 SF attractive dialysis center built in 1999 on .87 ac lot in growing & upper middle class area. 10 yrs NNN lease with over 5-yrs left. NOI $109K/yr with a 4.5% rent increase in 2016. $1.689M. 6.50% cap.  Note: this is Transmercial's listing.
 
(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.  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.


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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