8-28: Steakhouse, Strip Mall, Jiffy Lube, Walgreens, Haveline Lube, KFC

Daily Best Commercial Properties

Hereford House Steakhouse in Leawood, KS: 11,055 SF Steakhouse on 1.06 ac outparcel to Town Center Plaza - major open-air lifestyle center with over 90 stores. 15 years absolute NNN lease with 12 yrs left to Hereford House restaurant with 4 locations.  High income area with AHI of $98K/yr. NOI $254K/yr. with at least 2% annual rent bumps.  $3.512M. 7.25% cap. Strip Mall in Marietta, GA: 15,000 SF retail center on 1.76 ac lot on major artery in upper middle class Atlanta metro.  82% leased.  NOI $146K/yr. $1.825M. 8% cap. Jiffy Lube in Austin, TX: 4073 SF Jiffy Lube built in 2003 on .92 ac on a busy artery  in wealthy area with AHI $106K/yr. 20 yrs absolute NNN lease with 9 yrs left.  NOI $125K/yr with rent bumps every 5 yrs.  $1.926M. 6.5% cap. Walgreens in McDonough, GA: 15,120 SF drugstore on 1.92 ac lot in Atlanta metro.  20 yrs NNN- with 6 yrs remaining.  NOI $347K/yr. $4.636M. 7.5% cap. Shopping Center in Grandville, MI: 17,246 SF retail center on 2.2 ac lot in Grand Rapid metro.  Easy access to I-196.  100% NNN leased.  Tenants include Panera Bread, Regis, Sun Tan City. NOI $231K/yr. $3.2M. 7.22% cap. Haveline Xpress Lube in Snellville, GA: 4824 SF auto service center built in 2005 on 1.08 ac parcel  on a major artery in high income Atlanta suburbs.  New 15 yrs absolute NNN to an operator with 290+ units.  NOI $65K/yr with 10% rent bumps every 5 yrs. $1M. 6.5% cap. KFC in East Orange, NJ: 2400 SF KFC on 1/2 ac lot in densely populated Newark metro with over 750K residents in 5 miles radius.  100% NNN ground lease (land for sale, tenant owns the building) with 3 yrs left.  Tenant has been here for 30 yrs.  NOI $56K/yr with 8.85% rent bump when tenant exercises 5 yrs option. $1M. 5.65% 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.