Tuesday, September 1, 2015

08-18: Walgreens, O'Reilly Auto Parts, Long John Silver's & A&W, Pep Boys, Shopping Centers

Daily Best Commercial Properties

  1. Walgreens in Clinton Township, MI: 13,905 SF 24-hour drive-thru drug store built in 1999 on 1.53 ac lot with three different points of access in Detroit suburbs. 20-yrs NNN- corp lease with over 3 yrs left. NOI $347K/yr. $4.967M. 7% cap.
  2. Shopping Center in Arlington Heights, IL: 40,299 SF well maintained shopping center in upper middle class (AHI $83K/yr in 3 miles) Chicago suburbs. 98% leased with strong mix of national and regional tenants. Actual NOI $448K/yr. $5.09M. 8.81% actual cap.
  3. O'Reilly Auto Parts in Kelso, WA: 6600 SF single tenant retail building on .45 ac lot in a fast growing area. 100% NNN lease with 2 yrs left. NOI $134K/yr. $1.765M. 7.60% cap.
  4. Walgreens in McDonough, GA: 15,120 SF Walgreens built in 2001 on nearly 2 ac lot at a signalized intersection and along major artery in fast growing Atlanta MSA. 100% NNN lease with over 6 yrs left. NOI $347K/yr. $4.636M. 7.50% cap.
  5. Strip Center in Louisville, KY: 8650 SF strip center constructed in 2007 on .82 ac lot. At a signalized main entrance to a center with Citi Trends, Dollar General, Dollar Tree and Save-A-Lot. 100% NNN leased. NOI $130K/yr. $1.636M. 8% cap.
  6. Strip Center in Houston, TX: 7430 SF attractive strip center built in 2006 on .56 ac lot at a busy corridor in upper middle class area. 100% leased. NOI $92K/yr. $1.1M. 8.42% cap.
  7. Shopping Center in Cincinnati, OH: 24,000 SF eye-catching shopping center on 4.66 ac lot in high income area with an AHI of $90K/yr. All units face main corridor. 100% leased. NOI $345K/yr. $4.084M. 8.45% cap.
  8. Long John Silver's and A&W in Corpus Christi, TX: 2897 SF fast food dual restaurant on .85 ac lot along major retail corridor. Adjacent to 158-bed Christus Spohn Hospital-South. 100% NNN lease with 7 yrs left to a strong franchisee with 64 units. NOI $119K/yr. $1.916M. 6.25% cap.
  9. Pep Boys Auto in Las Vegas, NV: 20,866 SF well maintained auto center on over 2 ac lot along major corridor. With easy access to I-515. 15-yrs NNN lease with over 8 yrs left. NOI $323K/yr with 1.5% annual rent increases. $5.175M. 6.25% cap.
  10. Shopping Center in Garland, TX: 67,510 SF well maintained shopping center on 5.64 ac lot in growing Dallas suburbs. 85% leased. Actual NOI k$450K/yr. $5.48M. 8.22% actual cap. Upside potential when fully leased. 
(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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