Tuesday, December 1, 2015

11-17: KFC, Office Depot, Walgreens, MOB, Shopping Centers


Daily Best Commercial Properties

  1. Shopping Center in Clovis, CA: 80,520 SF shopping center renovated in 2012 on over 7 ac lot at a hard corner location in Fresno suburbs. Major tenants include: dd's Discount, Big Lots and HomeTown Buffet. Close to Sierra Vista Mall and Hwy-168. 95% NNN leased. NOI $944K/yr. $15M. 6.30% cap.
  2. KFC in Birmingham, AL: 2,288 SF well maintained KFC restaurant built in 1991 on .45 ac lot at a major retail corridor. Adjacent to Power Centers and with easy access  to I-20. 20-yrs absolute NNN lease with over 19-yrs left to a strong regional operator with 25 units. NOI $90K/yr with rent increases. $1.297M. 7% cap.
  3. Office Depot in Corpus Christy, TX: 26,925 SF single-tenant well kept retail building on 1.89 ac lot at a signalized intersection. Close to Del Mar College. Tenant has been at this location since 1998. Newly extended NNN lease with 9 yrs left. $4.63M. NOI N/A.
  4. Walgreens in Westminster, CO: 13,905 SF Walgreens constructed in 1997 on over 2 ac lot at a hard corner location and along major retail artery in growing and high income (AHI $101K/yr) Denver suburbs. Adjacent to Walmart Supercenter, Whole Foods Market, Home Depot and 24 Hour Fitness. 100% NNN- corp lease with over 6 yrs left. NOI $270K/yr. $4.2M. 6.44% cap.
  5. Retail Center in Avon, IN: 11,475 SF attractive retail center built in 2004 on 1.63 ac lot along main retail corridor in growing upper middle-class Indianapolis suburbs. 100% NNN leased to five tenants. NO $149K/yr. $1.983M. 7.52% cap.
  6. Retail Center in Fredericksburg, VA: 20,000 SF attractive retail center on 2.50 ac lot in a high income area with an AHI of $99K/yr in a 3 mile ring. Across from Power Center with Target, Marshalls, Cost Plus World Market, PetSmart and Ross Dress for Less. Close to Spotsylvania Regional Medical Center and I-95. NOI $473K/yr. $5.988M. 7.90% cap.
  7. Shopping Center in Joliet, IL: 44,921 SF well maintained shopping center on 3.90 ac lot in a growing and upper middle-class area. NOI $518K/yr. $7.4M. 7% cap.
  8. MOB in College Park, MD: 45,847 SF Class-B multitenant medical office building on 1.77 ac corner lot in high income Washington MSA. Across from Beltway Plaza Mall.  93% leased. 8.50% cap. NOI N/A.
(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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