Thursday, August 20, 2015

08-06; Chuck E Cheese, KFC, Family Dollar, Mixed-Use, Retail Centers


Daily Best Commercial Properties

  1. Mixed-use in Salt Lake, UT: 9625 SF well maintained retail/office center. Across from Brickyard Center with T.J. Maxx, Ross Dress for Less. 100% NNN leased. NOI $74K/yr. $1.1M. 6.80% cap.
  2. Chuck E Cheese in Columbus, OH: 10,360 SF single tenant retail building renovated in 2010 on 1.60 ac lot. Tenant has been at this location since 1981. Adjacent to Eastland Mall. 100% NNN corp lease with 4-yrs left. NOI $91K/yr. $960K. 9.50% cap.
  3. Walgreens in San Bernardino, CA: 14,820 SF Walgreens built in 2005 on 1.45 ac lot at a hard corner location in a growing middle class area. 100% absolute NNN lease with 15 yrs left. NOI $289K/yr. $5.465M. 5.30% cap.
  4. Neighborhood Center in Glendale, AZ: 106,828 SF shopping center on over 9 ac lot anchored by Los Altos Ranch Market at a signalized corner location. Excellent tenant mix: McDonald's, Dollar Tree, Rent-A-Center, Audio Express, State Farm, Cricket Wireless and other regional and local tenants. 95% leased. 7.40% cap. NOI N/A.
  5. Retail Center in Tallmadge, OH: 9630 SF retail center built in 1990 on 1.32 ac lot in Akron suburbs. Tenants include; Portage Cyclery, Edward Jones, UB Tan, china Place, Romeo's Pizza and Subway. Only one vacancy. $1.365M. NOI N/A..
  6. KFC in Independence, MO: 2820 SF well maintained fast food restaurant on .48 ac lot along busy corridor in Kansas City suburbs.  Will be completely remodeled upon COE. New 20-yrs NNN lease to an experienced operator. NOI $66K/yr with annual rent increases. $1.1M. 6% cap.
  7. Office Building in Bakersfield, CA: 8440 SF attractive multitenant office building on .64 ac lot at a signalized intersection. 100% leased. NOI $157K/yr. $2.3M. 6.83% cap.
  8. Family Dollar in Fort Worth, TX: 8320 SF newly constructed retail building on over 1 ac lot along main thoroughfare. New 15-yrs NNN lease. NOI $129K/yr with a 10% rent increase in yr 11. $2.163M. 6% cap.
  9. Retail Center in Detroit, MI: 9559 SF retail center built in 2010 on .67 ac lot at a signalized intersection. 100% leased with good tenant mix including Advance Auto Parts and Subway. NOI $137K/yr. $1.475M. 9.33% cap.
  10. Office Building in Lakewood, CO: 12,466 SF attractive eight-units office building on 1.36 ac lot in growing upper middle class Denver suburbs. 100% NNN leased to multiple tenants. NOI $76K/yr. $1.2M. 6.40% 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.  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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