Tuesday, December 8, 2015

11-24: Tire Kingdom, Walgreens, Office Depot, Shopping Centers

Daily Best Commercial Properties

  1. Shopping Center in Farmington Hill, MI: 50,592 SF well maintained shopping center on over 6 ac lot anchored by Walgreens at a signalized intersection. Shadow anchored by Johnny Pomodoro Fresh Market. 100% leased. NOI $507K/yr. $6.778M. 7.49% cap.
  2. Retail Center in Huntsville, AL: 16,109 SF well kept retail center on over 1 ac lot along major retail corridor and in a fast growing area. 100% NNN leased to national & regional tenants. NOI $234K/yr. $3.275M. 7.17% cap.
  3. Tire Kingdom in Tampa, FL: 5,904 SF auto center at a signalized intersection & along busy retail artery.  100% absolute NNN corp lease with 3-yrs left to TBC Retail Group with over 1,200 locations.  NOI $91K/yr. $1.31M. 7% cap.
  4. Retail Building in Canton. MI: 3510 SF retail building at a hard corner location in affluent (AHI $103K/yr in a 3 mile ring) neighborhood. Across from Kohl's, Lowe's JCPenney and Target center. 100% NNN leased to 7-Eleven and Sultan's Express Middle Eastern Eatery. NOI $75K/yr. $1.175M. 6.40% cap.
  5. Walgreens in Saint Augustine, FL: 15,525 SF 24-hours pharmacy with double drive-thru window on 1.51 ac lot. Close to 335-bed Flagler Hospital. Newly extended NNN corp lease till 2019. NOI $225K/yr. $3.215M. 7% cap.
  6. Shopping Center in Montebello, CA: 38,362 SF shopping center on 2.45 ac lot at highly visible hard corner location in densely populated Los Angeles area. NNN leased with good tenant mix including Auto Zone. NOI $678K/yr. $10.01M. 6.78% cap.
  7. Strip Center in Escondido, CA: 8479 SF strip center at a signalized corner location in growing middle-class Southern California, North of San Diego. 100% NNN leased. NOI $123K/yr. $1.98M. 6.20% cap.
  8.  Shopping Center in Overland Park, KS: 40,722 SF well maintained shopping center on 3.68 ac lot in high income (AHI $90K/yr in a 3 mile ring) Kansas City suburbs. High barriers to entry. With easy access to I-435. NNN leased. NOI $192K/yr. $3.054M. 6.31% cap.
  9. Office Depot in Highland, IN: 26,173 SF single-tenant retail building on over 3 ac lot in upper middle-class area. Across from Meijer and adjacent to major centers with Kohl's, HomeGoods, DSW, Dicks Sporting Goods, Marshalls and more. Newly extended 10 yrs NNN lease. NOI $172K/yr. $2.295M. 7.50% 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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