04-28: Auto Center, Rite Aid, Shopping Centers, Retail Centers, Neighborhood Centers

Daily Best Commercial Properties

Retail Center in San Leandro, CA: 22,520 SF mature retail center on 1.68 ac lot along busy retail artery in upper middle-class Alameda County. Close to Bayfair Mall and I-580. 100% NNN leased to CVS, Fantastic Nails and Moods & Attitudes Salon. NOI $473K/yr. $5.7M. 8.30% cap. Retail Center in Fresno, CA: 12,000 SF attractive retail center built in 2007 on 1.41 ac outparcel to Walmart Neighborhood Market and Walgreens. Across power center with Target, T.J. Maxx & Best Buy.100% leased. NOI $128K/yr. $1.769M. 7.25% cap. Neighborhood Center in Grand Junction, CO: 128,262 SF shopping center in a growing middle class area. 99% leased to strong tenants. Actual NOI $924K/yr. $12.33M. 7.50% actual cap. Strip Center in Cheektowaga, NY: 13,700 SF well maintained strip center in Buffalo suburbs. Close to Walden Galleria Mall and I-90. 100% NNN leased. NOI $118K/yr. $1.499M. 7.90% cap. Auto Center in Cary, NC: 3414 SF single tenant auto center on .67 ac lot in growing and high income (AHI $90K/yr in a 3 mile ring) Raleigh metro. 10 yrs absolute NNN lease with 5 yrs personal guarantee. NOI $150K/yr with 10% rent bumps every 5 yrs. $2M. 7.5% cap. Rite Aid in Shivery, KY: 10,000 SF drive-thru drug store on 1.62 ac lot in Louisville MSA. Along Dixie Hwy. Tenant recently spent $550,000 in building renovations.100% NNN lease with 4 yrs left. NOI $211K/yr. $2.71M. 7.81% cap. Retail Center in Canoga Park, CA: 32,365 SF attractive retail center on 1.31 ac corner lot in densely populated (over 442,000 residents in a 5 mile radius) and upper middle-class (AHI $82K/yr) Los Angeles suburbs. 88% leased with good tenant mix. Actual NOI $576K/yr. $8.6M. 6.70% actual cap. Upside potential. Shopping Center in Vallejo, CA: 30,782 SF recently renovated shopping center on nearly 3 ac lot along main corridor in San Francisco Bay Area. Close to Kaiser Permanente Vallejo Medical Center. 100% NNN leased. 7% cap. NOI/Price N/A.

(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.