09-21: Just Brakes, Retail Centers, Shopping Centers

Daily Best Commercial Properties

Retail Center in South Bend, IN: 11,721 SF well maintained retail center on 1.37 ac lot along busy corridor outparcel to Menards and Martin's grocery. 90% leased. Actual NOI $98K/yr. Price reduced from $985K to $895K. 10% actual cap. Upside potential. Just Brakes in Tampa, FL: 6500 SF eight-bay auto center renovated in 2010 on .68 ac lot along major artery. 100% NNN- corp lease with 5 yrs left. NOI $92K/yr. $1.32M. 7% cap. Strip Center in Port Saint Lucie, FL: 7175 SF 8-units attractive strip center built in 2005 in a growing middle-class area. Leased to stable long term tenants. $1.4M. NOI & cap N/A. Retail Center in West Des Moines, IA: 14,812 SF consisting of two retail buildings completed in 2012 on 2.40 ac lot in growing and affluent neighborhood with an AHI of $153K/yr in a 1 mile radius. Near Methodist West Hospital and I-80. Leased to national & local credit tenants. NOI $238K/yr. $3.4M. 7% cap. Retail Building in Folsom, CA: 7447 SF eye-catching retail building constructed in 2007 in high income (AHI $105K/yr) Sacramento suburbs. Adjacent to 24 hours Winco Foods grocery. 100% leased with good local tenant mix. NOI $93K/yr. $1.382M. 6.75% cap. Shopping Center in Pensacola, FL: 62,375 SF well maintained shopping center on over 6 ac lot at a signalized corner location. 95% leased. Actual NOI $344K/yr. $4.5M. 7.65% actual cap. Upside potential. Retail Center in Kennewick, WA: 13,498 SF attractive retail center built in 2003 on over 1 ac lot in a growing upper middle-class (AHI $86K/yr in a 3 mile ring) area. Between Columbia Center Mall and Costco. 76% leased to five tenants. Actual NOI $128K/yr. $2.1M. 6.10% 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.