Tuesday, September 15, 2015

08-31: DaVita, Fast Auto Loans, Food Lion, Dollar Tree, Mixed-use


Daily Best Commercial Properties

  1. DaVita in Cape Coral, FL: 7,404 SF well maintained medical office building constructed in 2005 on .80 ac lot in Fort Myers suburbs. Recently extended NNN corp lease with 5 yrs left. NOI $158K/yr with unusually high 3.5% annual rent bumps. $2.299M. 6.88% cap.
  2. Strip Center in Las Vegas, NV: 6000 SF four units strip center built in 2004 along busy retail artery. Across from Smart & Final center. 70% leased with 1 vacant unit. National tenants include: Subway and Metro PCS/Virgin Mobile. Pro forma NOI $89K/yr. $1.145M. 7.90% cap.
  3. Fast Auto Loans in Pittsburg, CA: 2676 SF newly renovated retail building visible from Hwy-4 in growing Contra Costa County. Adjacent to Home Depot and WinCo Foods. New 7-yrs NN corp lease. NOI $95K/yr with 2% annual rent increases. Price reduced from $1.59M. to $1.468M.  6.5% cap.
  4. Retail Center in Southaven, MS: 11,400 SF retail center built in 2008 on over 2 ac lot in growing Memphis suburbs. 100% leased to Comcast, Supreme Hot Wings, Discount Wine & Liquor, Republic Finance, Cellular Tech and Vapor Cloud. NOI $133K/yr. $1.529M. 8.75% cap.
  5. Retail Center in El Paso, TX: 8,260 SF L-shaped retail center on 1 ac lot. Adjacent to Super Walmart. 100% NNN leased with professional tenant mix. 8.50% cap. NOI N/A.
  6. MOB in San Antonio, TX: 10,000 SF Class-A multitenant medical office building on 1.4 ac lot. Adjacent to Fresenius Dialysis. 100% NNN leased to 3 tenants: Family Medicine, Pediatrics and internal medicine. NOI $180K/yr. $2.4M. 7.50% cap.
  7. Mixed-use in Tracy, CA: 31,862 SF Class-A medical/professional office building completed in 2008 on 1.53 ac lot at a major corridor in San Joaquin county, With easy access to I-205. NNN leased. NOI $836K/yr. $11.95M. 7% cap.
  8. Food Lion in Greensboro, NC: 36,000 SF single tenant grocery store on 3.40 ac lot at a signalized intersection in a growing and upper middle class area. Located on the future interchange of I-840, to be completed in 2017. 100% absolute NNN lease. NOI $315K/yr. $4.85M. 6.5% cap.
  9. Dollar Tree in Lawrence, MA: 10,110 SF brand new Dollar Tree on .62 ac lot in Boston MSA. New NNN corp lease. NOI $151K/yr. $2.37M. 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.
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