Tuesday, October 6, 2015

09-22: Fresenius, Dollar Tree, Shopping Center, Retail Centers, Office Buildings


Daily Best Commercial Properties

  1. Fresenius in Avondale, LA: 5900 SF dialysis center built in 2000 on 1 ac lot in New Orleans metro.  Tenant has been here for 15 years and just renewed lease for 5 yrs.  100% NNN-.  NOI $95K/yr. $1.121M. 8.5% cap.
  2. Retail Building in Hemet, CA: 2760 SF drive-thru attractive retail building constructed in 2006 at a signalized corner location in San Bernardino suburbs. Shadow anchored by new Walmart Neighborhood Market.  100% NNN leased to Starbucks and Subway. NOI $106K/yr. $1.83M. 5.85% cap.
  3. Dollar Tree in Chicago, IL: 12,253 SF retail building on .49 ac lot at a hard corner location. Brand new 10 yrs NNN- corp lease. NOI $159K/yr. $2.228M. 7.15% cap.
  4. Shopping Center in Gilbert, AZ: 46,700 SF eye-catching shopping center on 5.88 ac lot anchored by YouFit, with over 75 locations in affluent (AHI $110K/yr) Phoenix suburbs. 82% leased. Actual NOI $525K/yr. $7M. 7.50% cap.
  5. Retail Center in Simi Valley, CA: 37,454 SF retail center on 2.71 ac lot anchored by 7-Eleven in high income (AHI $107K/yr in a 3 mile ring) neighborhood in Southern California. Multiple points of ingress/egress. 88% leased. Actual NOI $716K/yr. $11.7M. 6.13% cap. Upside potential when fully leased.
  6. Retail Center in Spring, TX: 20,790 SF shopping center built in 2006 on nearly 2 ac lot in growing and high income Houston MSA with an AHI of $108K/yr in 3 miles. All units face main corridor. 92% NNN leased. NOI $350K/yr. $4.245M. 8.25% cap.
  7. Shopping Center in Indianapolis, IN: 50,107 SF shopping center on over 5 ac lot anchored by Jo-Ann Fabrics and Crafts. On an outlot to Washington Square Mall. 90% leased. NOI $403K/yr. $4.04M. 10% cap.
  8. Office Building in Knoxville, TN: 26,000 SF Class-A single tenant office building. Adjacent to Covenant Health Hospital and I-140. 100% leased. NOI $123K/yr. $1.549M. 8% cap.
  9. Retail Center in Spokane Valley, WA: 24,113 SF retail center along major retail artery. Across from Walmart Supercenter and adjacent to Costco and Lowe's. 90% NNN leased. Actual NOI $258K/yr. $3.6M. 7.18% cap.
  10. Retail Center in Sacramento, CA: 8100 SF well kept retail center on .75 ac lot. Close to Florin Mall. NOI $109K/yr. $1.495M. 7.30% 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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