Friday, June 3, 2016

05-20: Rite Aid, PEPBOYS, Professional Building, MOB, Retail Centers



Daily Best Commercial Properties

  1. Retail Center in Elgin, IL: 38,924 SF well maintained retail center built in 2008 on 3.83 ac lot in middle-class Chicago metro. 100% NNN leased to Planet Fitness, Dollar Tree, Prism Dental Care and Regency Beauty Institute. NOI $455K/yr. $6.5M. 7% cap.
  2. Retail Center in Wyandotte, MI: 14,123 SF retail center completed in 2005 on 1.50 ac lot along busy retail corridor in middle-class Detroit neighborhood. Adjacent to Walgreens. 100% leased to eight tenants including T-Mobile, Armed Forces, Hearing Aid Center and Check Into Cash. NOI $249K/yr. $2.799M. 8.91% cap.
  3. Rite Aid in Moreno Valley, CA: 16,730 SF attractive single-tenant drug-store on 2 ac corner lot at a hard corner location in Riverside County. 100% NNN- lease with over 2 yrs left. NOI $398K/yr. $4.831M. 8.25% cap.
  4. Shopping Center in College Station, TX: 22,800 SF beautiful shopping center completed in 2005 on over 4 ac lot in a growing area. 100% leased. NOI $343K/yr. $4.613M. 7.45% cap.
  5. Office Building in Fresno, CA: 18,557 SF Class-B multitenant office building on 1.71 ac lot along major artery. Adjacent to Power Center with Whole Food Market, The Habit Burger, CVS, Talbots, Banana Republic and more. 93% leased. NOI $179K/yr. $2.8M. 6.40% cap.
  6. Pepboys Auto in Riverview, FL: 4980 SF four-bay auto center built in 2007 on nearly 1 ac lot in high income Tampa suburbs. Adjacent to Publix center. 100% NNN lease with over 10 yrs left.  NOI $118K/yr. $1.95M. 6.07% cap.
  7. Professional Building in Colorado Springs, CO: 34,900 SF Class-A office building completed in 2005 on over 3 ac lot along busy corridor. Close to St. Francis Medical Center. 91% leased to multiple tenants. Actual NOI $472K/yr. $6.85M. 6.90% cap.
  8. Retail Center in Redlands, CA: 22,499 SF well maintained retail center on 1.47 ac lot at a major signalized location in San Bernardino County. Across from Kmart. With easy access to I-10. 100% leased. NOI 352K/yr. $5.87M. 6% cap.
  9. MOB in University Place, WA: 18,629 SF Class-A multitenant medical office building anchored by CHI Franciscan Health in Seattle metro. 100% leased. NOI $370K/yr. $5.7M. 6.50% 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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