Thursday, December 3, 2015

11-19: TitleMax, Church's Chicken, Retail Centers, Shopping Centers, Strip Centers


Daily Best Commercial Properties

  1. TitleMax in Glendale, AZ: 2392 SF well maintained retail building on .57 ac lot at a hard corner location in Phoenix suburbs. 100% absolute NNNN corp lease. NOI $75K/yr with a rent increase in 2018. $1.093M. 6.86% cap.
  2. Retail Center in Sugar Land, TX: 11,775 SF attractive retail center built in 2006 on over 1 ac lot in affluent (AHI $120K/yr) Houston suburbs. Across from Target. 100% NNN leased to four tenants. NOI $242K/yr. $3.45M. 7% cap.
  3. Shopping Center in Roseville, IL: 1,459 SF well maintained shopping center on 2.27 ac lot along busy corridor in a high income (AHI $92K/yr) neighborhood. NOI $248K/yr. $3.215M. 7.72% cap.
  4. Retail Center in Corona, CA: 18,909 SF retail center completed in 2005 on 1.30 ac lot at a signalized intersection in growing and high income (AHI $93K/yr) Riverside County. Adjacent to Walmart Supercenter, Home Depot and Sam's Club. With easy access to I-15. 100% NNN leased. NOI $435K/yr. $7.1M. 6.13% cap.
  5. Shopping Center in Dublin, OH: 30,493 SF consisting of four retail buildings completed in 2010 on 4.72 ac lot in affluent Columbus MSA with an AHI of $104K/yr. 100% NNN leased. NOI $623K/yr. $7.8M. 8% cap.
  6. Church's Chicken in Indianapolis, IN: 3463 SF newly renovated fast food restaurant in a fast growing area. Close to Ben Davis High School and in a densely middle-class residential area.  Brand new 13-yrs NNN lease. NOI $75K/yr with rent bumps. $1.154M. 6.50% cap.
  7. Retail Center in Fontana, CA: 6126 SF retail center built in 20058 on over 1 ac corner lot in growing San Bernardino County. 100% NNN leased. NOI $1.7M. 6.15% cap.
  8. Shopping Center in Surprise, AZ: 52,134 SF shopping center constructed in 2006 on over 5 ac lot in growing Phoenix suburbs. Tenants include: 39,180 SF Mountainside Fitness, U.S. Pizza, Marital Arts, King's Sweing, Pet Grooming and Tanning. 96% leased. NOI $720K/yr. $9M. 8% cap. Upside potential.
  9. Retail Center in Rialto, CA: 25,352 SF well maintained retail center on 1.78 ac lot along main artery in San Bernardino County. Anchored by Family Dollar. 100% NNN leased. NOI $261K/yr. $4.1M. 6.50% cap.
  10. Retail Center in Waterford, MI: 42,590 SF retail center renovated in 2006 on over 4 ac lot in upper middle-class area. All units face Hwy-24. 74% leased. Actual NOI $364K/yr. $4.1M. 8.90% 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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