Monday, June 20, 2016

06-06: IHOP Restaurant, Mixed-use, Office Buildings, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. Retail Center in Simi Valley, CA: 10,954 SF consisting of two well maintained retail centers on .84 ac lot in growing and high income (AHI $95K/yr in a 3 mile radius) Los Angeles suburbs. 100% NNN leased to nine tenants. NOI $158K/yr. $2.443M. 6.50% cap.
  2. Retail Center in Kennewick, WA: 12,000 SF attractive retail center on over 1 ac outparcel to Fred Meyer grocery.  Next to Hwy-395. 100% leased. $1.62M. NOI N/A.
  3. Retail Center in Los Angeles, CA: 21,302 SF retail center at a signalized corner location in densely populated area with over 1,300,000 residents in a 5 mile ring. National credit tenants include: AutoZone, Mother's Nutritional Center, Oportun and Pizza Hut. 100% NNN leased to seven tenants. NOI $467K/yr. $7.475M. 6.25% cap.
  4. Strip Center in Orlando, FL: 10,900 SF strip center built in 1999 on over 1 ac lot along major retail corridor. Across from Highland Lake Center with Marshalls, Fallas, Ross Dress for Less, and Burlington Coat Factory. Close to Hwy-408. 100% leased to Mattress Firm, Wing Stop and Sprint. NOI $158K/yr. $2.44M. 6.50% cap.
  5. Retail Center in Florissant, MO: 21,875 SF well kept retail center on 2.55 ac corner lot at a busy signalized intersection in middle-class St. Louis metro. 92% NNN leased with only one vacancy. NOI $238K/yr.  $2.65M.  9% cap.
  6. IHOP in Elgin, IL: 5043 SF  attractive IHOP Restaurant on .77 ac outparcel to Marcus Elgin Cinema in high-income Chicago suburbs. Close to Presence Saint Joseph Hospital and with easy access to Hwy-20. 100% NNN corp leased with 2 yrs left. NOI $200K/yr. with 10% rent bumps each 5 yr option. $2.43M. 8.25% cap.
  7. Oil Changers in Berkeley, CA: 2,097 SF auto center on .22 ac corner lot in densely populated Alameda County with an AHI of $89K/yr in a 1 mile radius. Tenant has been at this location since 1986. 100% absolute NNN lease with 7 yrs left. NOI $88K/yr with rent bumps. $1.476M. 6% cap.
  8. Mixed-use in Norcross, GA: 28,350 SF Class-B office/retail center on 1.79 ac lot at a major signalized intersection in Atlanta MSA. With easy access to I-85. 100% leased. NOI $337K/yr. $3.75M. 9% cap.
  9. Office Building in Cincinnati, OH: 32,987 SF  Class-B multitenant office building renovated in 1993 in growing and high income area with an AHI of $90K/yr in a 3 mile ring. Adjacent major tenants: Kroger, T.J. Max, Target, Big Lots, and Home Depot. Near I-275. 92% leased. 92% leased. Actual NOI $211K/yr. $2.2M. 9.62% 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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