Thursday, February 11, 2016

01-28: 99 Cents Only Store, Oil Changers, MOB, VASA Fitness, Shopping Center



Daily Best Commercial Properties

  1. Retail Center in Long Grove, IL: 9833 SF distinctive retail center built in 2006 on over 2 ac lot in a prosperous Chicago suburbs with an AHI of $221K/yr in a 1 mile ring. 100% leased to five tenants. NOI $191K/yr. $2.47M. 7.75% cap.
  2. Shopping Center in Fishers, IN: 48,293 SF consisting of four attractive retail buildings on over 6 ac lot in high income (AHI $97K/yr in a 3 mile radius) Indianapolis MSA. 98% leased. Actual NOI $456K/yr. $5.5M. 8.30% cap.
  3. Strip Center in Lilburn, GA: 9726 SF well maintained all brick construction strip center built in 2007 on 1.26 ac lot along main corridor in fast growing Atlanta suburbs. Across from Publix Supermarket center. 100% leased. NOI $97K/yr. $1.295M. 7.5% cap.
  4. Neighborhood Center in Ceres, CA: 105,711 SF shopping center completed in 1998 on over 9 ac lot along major retail corridor in Modesto suburbs. Anchored by 63,284 SF Rancho San Miguel, a Hispanic grocery operated by the largest Food 4 Less franchisee in Northern California. Close to Hwy-99. 100% leased. NOI $1.488M/yr. $22.046M. 6.75% cap.
  5. 99 Cents Only Store in Colton, CA: 21,413 SF well maintained retail building on 1.38 ac corer lot in San Bernardino County. Near Inland Center Mall and I-215. 100% absolute NNN corp lease with over 9-yrs left. NOI $152K/yr. $2.647M. 5.75% cap.
  6. Oil Changers in Oakland, CA: 2,262 SF auto retail building on .22 ac lot in Alameda county. Visible from I-980. 10 yrs absolute NNN lease with 7 yrs left. NOI $64K/yr with CPI rent bumps every 3 yrs. $1.08M. 6% cap.
  7. Retail Center in Clearwater, FL: 23,000 SF retail center on over 2 ac lot in Tampa suburbs. Along and visible from Hwy-19. 90% leased to six tenants. NOI $146K/yr. $1.95M. 7.50% cap.
  8. Shopping Center in Hemet, CA: 54,747 SF shopping center at a hard corner location in growing middle-class Riverside County. Anchored by 27,462 SF CVS Pharmacy and 10,000 SF Dollar Tree. Shadow anchored by Starter Bros market. 90% NNN leased. NOI $557K/yr. $10.8M. 5.63% cap.
  9. MOB in Yuma, AZ: 7770 SF well kept medical office building across from Yuma Regional Medical Center. 100% leased to multiple tenants. $1.475M. NOI N/A.
  10. VASA Fitness in Ogden, UT: 53,587 SF fitness center on 3.21 ac lot in a fast growing area. New 15 yrs NNN lease to a strong regional operator with 17 locations. NOI $549K/yr with CPI rent bumps every 3 yrs. $7.325M. 7.50% cap.
(c) Transmercial 2016
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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