Wednesday, August 26, 2015

08-12: Family Dollar, Office Buildings, Strip Centers, Shopping Centers


Daily Best Commercial Properties

  1. Strip Center in Houston, TX: 9100 SF strip center built in 2006 on .68 ac lot on .68 ac lot in a fast growing area. 100% NNN leased. NOI $143K/yr. $2.052M. 7% cap.
  2. Office Building in Wichita, KS: 19,181 SF well maintained office building on 1.42 ac lot in a high income area. 5-yrs NNN lease to Green Vision Group. NOI $276K/yr. $3.45M. 8% cap.
  3. Strip Center in Birmingham, AL: 10,040 SF strip center on nearly 1 ac outparcel to Walmart Supercenter. With easy access to I-59. 100% NNN leased to AT&T, Movie Stop and Payless Shoes. NOI $208K/yr. $2.6M. 8% cap.
  4. Family Dollar in Memphis, TN: 8320 SF single tenant retail building constructed in 2006 on .50 ac lot along busy corridor. Close to Methodist University Hospital and I-240. 100$ NNN corp lease with 6-yrs left. NOI $118K/yr with 10% rent bumps every 5 yrs. $1.435M. 8.25% cap.
  5. Shopping Center in Memphis, TN: 51,769 SF attractive shopping center in a high income area. 100% leased to eleven tenants including: Family Dollar, Metro PCS, Kumon and Krispy Kreme. NOI $471K/yr. $6.2M. 7.60% cap.
  6. Strip Center in Lithonia, GA: 7700 SF strip center outparcel to Walmart Supercenter. Across from 2,480,000 SF The Mall at Stonecrest and close to I-20. 100% NNN leased. Actual NOI $167K/yr. $2.26M. 7.40% cap.
  7. Retail Center in Tucson, AZ: 15,600 SF retail center along major retail corridor. Near Carondelet St Mary's Hospital. 92% leased with good tenant mix: office, medical and retail. Actual NOI $206K/yr. $2.75M. 7.50% cap.
  8. Shopping Plaza in Tucson, AZ: 74,455 SF shopping plaza built in 2001 on 8.53 ac corner parcel across from Northwest Medical Center.  Strong demographics with AHI of $82K/yr in 1 mile.  Anchored by highly-rated Lee Lee Oriental Supermarket.  93% leased.  NOI $536K/yr. $7.2M.  7.45% cap.
  9. Retail Center in Des Plaines, IL: well maintained retail center completed in 2000 at a high traffic location in Chicago suburbs. 100% leased. NOI $141K/yr. $1.95M. 7.50% cap.
  10. Office Building in Chesapeake, VA: 5600 SF Class-B multitenant office building on over 1 ac lot in high income Norfolk suburbs. Close to Chesapeake Square Mall. NOI $84K/yr. $975K. 8.40% 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.
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