06-24: The Learning Experience, National Tire & Battery (NTB), Retail Center, Retail Centers, Shopping Centers

Daily Best Commercial Properties

The Learning Experience in Aurora, IL: 10,000 SF childcare center built in 2015 on 1.35 acres lot in high-income area with an AHI of $93K/yr in a 1 mile ring.  15 yrs NNN- lease with over 13 yrs left. Corp guaranteed lease for the first 5 yrs.  NOI $240K/yr with 8% rent bumps every 5 yrs.  $3.1M. 7.75% cap. The Learning Experience in Houston, TX: 10,000 SF newly constructed child development center on 2 ac lot in a high income area. New 15 yrs NNN- corp lease. NOI $280K/yr with 10% rent increase every 5 yrs. $3.943M. 7.10% cap. Retail Center in McAllen, TX: 38,268 SF attractive retail center built in 2007 on 4 ac lot in a fast growing area. Across from Costco and Lowe's. Close to Las Tiendas Plaza anchored by Walmart, Sam's Club, Ross Dress For Less and Target. On a ramp of I-2. Credit tenant include: Krispy Kreme, Baskin Robins, AT&T and Platos Closet. 94% NNN leased. Actual NOI $867K/yr. $11.56M. 7.50% cap. Shopping Center in Farmington Hills, MI: 61,409 SF completely renovated shopping center at a corner location in a high income (AHI $98K/yr in a 3 mile radius) Detroit suburbs. With easy access to I-696. Good tenant mix of national and regional tenants. NOI $10.65M. $10.65M. 7.78% cap. Neighborhood Center in Pasadena, TX: 163,992 SF well maintained regional shopping center on over 13 ac lot in growing Houston suburbs. Major tenants include: Surplus Warehouse, Dollar Tree, Big Lots, Harbor Freight and ValueMart. Across from 134,006 SF center anchored by Kroger. 90% leased. NOI $653K/yr. $8.075M. 8.09% cap. Office Building in Roseville, CA: 20,759 SF two story well maintained office building on 1.21 ac lot in high income Sacramento suburbs. 96% leased to multiple tenants. NOI $133K/yr. $1.85M. 7.22% cap. NTB in Decatur, GA: 11,960 SF single tenant auto center constructed in 1993 on 1.64 ac lot in growing Atlanta suburbs. Adjacent to Home Depot and with easy access to I-20. 100% NNN corp lease with 9 yrs left. NOI $115K/yr with a rent bump in 2020. $1.683M. 6.85% cap. Retail Center in Appleton, WI: 24,287 SF retail center built in 2003 on over 4 ac lot in growing and high income area. Across from Walmart Supercenter and close to Hwy-441. 100% leased to ten tenants. NOI $329K/yr. $4.7M. 7% 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.