Monday, June 13, 2016

05-31: Dollar Tree, DaVita Dialysis, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. Shopping Center in Greenwood, IN: 31,673 SF shopping center on 5.57 ac lot in upper middle-class (AHI $87K/yr) Indianapolis suburbs. Between Kroger grocery center and Meijer Grocery. 68% leased. Actual NOI $313K/yr. $3.686M. 8.50% actual cap. Upside potential.
  2. Dollar Tree in Memphis, TN: 9977 SF single-tenant retail building constructed in 2015 on over 1 ac lot along busy artery. 10 yrs NNN- corp lease with 9 yrs left. NOI $127K/yr. $1.818M. 7% cap.
  3. Dollar Tree in Daily City, CA: 8000 SF rare single-tenant retail building on .27 ac lot in South San Francisco suburbs. Good demographics: densely populated (over 700,000 residents in a 5 mile radius) and high income (AHI $115K/yr in a 5 mile radius) area. With easy access to I-280. 10 yrs NNN corp lease with 9 yrs left. NOI $156K/yr with rent increases every 5 yrs. $3.078M. 5.10% cap.
  4. DaVita in Houston, TX: 8690 SF Class-S dialysis center on 1.67 ac lot in a fast growing area. 100% NNN- lease with 8 yrs left. NOI $156K/yr with annual CPI rent increase. $2.234M. 7% cap.
  5. Shopping Center in Simi Valley, CA: 25,875 SF consisting of three well maintained buildings on 2.37 ac lot in growing Ventura County. Across from 24 Hours Fitness, Jo-Ann Fabrics and Crafts & Walmart Neighborhood Market shopping center. Close to Hwy-118. 91% leased. NOI $557K/yr. $8.8M. 6.34% cap.
  6. MOB in La Canada Flintridge, CA: 17,794 SF well kept multitenant medical office building on .61 ac lot in affluent Los Angeles metro area with an AHI of $166K/yr. At a signalized intersection. Close to USC Verdugo Hills Hospital and I-210. 100% leased. NOI $410K/yr. $5.4M. 7.60% cap.
  7.  Shopping Center in Glendale, AZ: 42,106 SF shopping center in a high income Phoenix metro. 93% leased with excellent tenants mix. Actual NOI $949K/yr. $12.25M. 7.75% actual cap. Upside potential when fully leased.
  8. Retail Center in Modesto, CA: 9486 SF well maintained retail center on .60 ac lot in a growing area. Tenants include: GWAP Shop, Stone Grafters, Shady Z Salon, Paradise Pooches and Florendo DDS. Gross income of $118K/yr. $1.25M. (cap not known since gross income is reported).
  9. Retail Center in St. Augustine, FL: 14,441 SF attractive retail center built in 2007 on 2.50 ac lot. 100% leased to medical and professional tenants. $2M. NOI/Cap 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.
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