Monday, July 25, 2016

07-06: Golden Corral, Mini Mall, Big O Tires, Shopping Centers, DaVita Dialysis Center


Daily Best Commercial Properties

  1. Shopping Center in Riverdale, GA: 69,480 SF attractive shopping center on 9.66 ac lot along busy corridor in growing Atlanta metro. 98% leased. Actual NOI $451k/yr. $4.1M. 11% actual cap. Upside potential.
  2. Golden Corral in Indianapolis, IN: 10,900 SF buffet & grill restaurant built in 2004 on over 3 ac lot along major retail artery. Between I-65 and I-465. 20 yrs absolute NNN corp lease with 10 yrs left. NOI $140K/yr with 5% rent bumps in yr 11 and 16. $2.082M. 6.75% cap.
  3. Professional Buildings in Montclair, CA: 42,392 SF consisting of four well maintained professional buildings on 4 ac lot in San Bernardino County. Adjacent to Montclair Hospital Medical Center. 90% leased to medical & professional tenants. NOI $416K/yr. $7.82M. 5.33% cap.
  4. Shopping Center in Arlington, TX: 32,012 SF well maintained shopping center on over 3 ac lot in growing and high income (AHI $92K/yr) Ft. Worth/Dallas suburbs. Close to I-20 and Hwy-287. 100% leased with good tenant mix including Tuesday Morning, Geico Insurance. Mostly NNN leased.  NOI $339K/yr. $4.32M. 7.87% cap.
  5. Office Building in Springfield, IL: 8024 SF attractive multitenant office building across from White Oaks Mall. 100% NNN leased. NOI $97K/yr. $975K. 10% cap.
  6. Mini Mall in Merced, CA: 39,626 SF well kept shopping center on 3.20 ac lot at a signalized intersection. 82% NNN leased with national & strong local tenants. Actual NOI $342K/yr. $5.35M. 6.40% cap.
  7. Zio's in Olathe, KS: 7662 SF Italian Restaurant on .44 ac outparcel to AMC/MAX Theatre in Kansas City metro. Adjacent to major Power Centers and close to I-35. 15 yrs absolute NNN corp lease with over 6 yrs left. NOI $286K/yr with 10% rent bumps every 5 yrs. $2.8M. 10.21% cap. 
  8. Big O Tires in Concord, CA: 5937 SF auto center on .31 ac lot along busy corridor in Contra Costa County. 100% absolute NNN lease with 12 yrs left. NOI $102K/yr with a rent increase. $1.85M. 5.50% cap.
  9. Shopping Center in Lancaster, PA: 70,692 SF attractive shopping center in a fast growing middle-class area. 100% leased. NOI $341K/yr. $5.255M. 6.5% cap. Upside potential as most rents are well below market rent.
  10. DaVita in Longview, TX: 18,412 SF Class-A single tenant dialysis center on 1.77 ac lot. Close to Select Specialty Hospital. Recently extended NNN lease with over 8 yrs left. NOI $230K/yr with 4% rent bumps every 5 yrs. $3.835M. 6% 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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