02-09: Famous Dave's, Mixed-use, AutoZone, Kauffman Tire, CVS, Don Martin Mexican Grill

Daily Best Commercial Properties

Famous Dave's in Fort Myers, FL: 9000 SF BBQ restaurant on 1.58 ac corner lot at busy corridor in growing middle-class area.  100% absolute NNN lease with over 13 yrs left. NOI $257K/yr with annual rent increases. $3.992M. 6.45% Cap. Store with strong $3+M/year in sales. Mixed-use in Lufkin, TX: 15,636 SF office/retail center built in 1998 on 1.58 ac lot in a growing area next to Hwy-287. Adjacent to Target and Lufkin Mall. 90% leased with mostly NNN leases. NOI $201K/yr. $2.693M. 7.50% cap. AutoZone in Millbrae, CA: 6000 SF well maintained single tenant retail building renovated in 2007 on .25 ac lot along major artery. Excellent demographics: growing and affluent west of San Francisco Bay with an AHI of $113K/yr in a 1 mile ring. 100% NNN leased with 18 yrs left. NOI/Cap N/A. Shopping Center in Plano, TX: 35,615 SF attractive shopping center built in 2006 on over 4 ac lot in growing and affluent Dallas suburbs with an AHI of $138K/yr. 86% lease with good tenant mix. Actual NOI $552K/yr. $7.131M. 7.75% cap. Kauffman Tire in Macon, GA: 7382 SF brand new auto center on 1.45 ac lot along major retail artery. Across from Eisenhower Crossing III, with Target, Kroger, Ross Dress For Less, Marshalls, Bed Bath & Beyond among others. 20 yrs NNN- lease. NOI $176K/yr. $2.71M. 6.50% cap. CVS Pharmacy in Ridgeland, MS: 11,562 SF three lane drive-thru drug store on 1.63 ac corner lot in Jackson suburbs. Near Northpark Mall.  100% absolute NNN lease with 5 yrs left. NOI $360K/yr. $5M. 7.20% cap. Neighborhood Center in Conyers, GA: 136,871 SF well maintained shopping center on 12 ac lot along main retail corridor in fast growing Atlanta metro. 89% leased. Actual NOI $1.25M/yr. $16.9M. 7.40% cap. Don Martin Mexican Grill in San Bernardino, CA: 4430 SF well kept restaurant at a hard corner location. Close to Walmart and with easy access to I-215. 100% NNN lease with 5 yrs left. NOI $92K/yr. $1.3M. 7.14% 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.