07-14: Professional Buildings, Pizza Hut, Fitness Evolution, DaVita, Cash America

Daily Best Commercial Properties

Professional Building in Massapequa Park, NY: 9988 SF attractive and well maintained office building on .55 ac lot in affluent New York metro with an AHI of $136K/yr. Along Hwy-27. NOI $138K/yr. $1.985M. 7% cap. Multifamily in Long Beach, CA: 12-units apartment complex in densely populated (over 600,000 residents in a 5 mile ring) and middle-class area. 93% occupied. Actual NOI $145K/yr. $2.15M. 6.76% cap. Office Building in Miami, FL: 35,872 SF Class-A multitenant office building completed in 2008 on nearly 1 ac lot along busy corridor. Adjacent to American Care Medical Center and across from Walmart Supercenter. 100% NNN leased to Doctors, Lawyers and State of Florida. NOI $518K/yr. $7.98M. 6.50% cap. Pizza Hut in Memphis, TN: 3509 SF well kept fast food restaurant along main artery. Adjacent to 246-bed Methodist North Hospital and Walmart Supercenter. 100% absolute NNN lease with 5 yrs left. NOI $172K/yr. $2.15M. 8% cap. Fitness Evolution in Selma, CA: 31,000 SF currently being completely remodeled on over 3 ac lot in growing area just South of Fresno. Over $750K spend on renovations.  Next to Savemart Supermarket and with easy access to Hwy-99. 20 yrs absolute NNN lease to a strong Fitness Evolution franchisee with 46 units. NOI $300K/yr with 7.5% rent increases every 5 yrs. $4.285M. 7% cap. Retail Buildings in Suisun City, CA: 20,400 SF consisting of two attractive retail buildings on 1.32 ac lot in growing Fairfield in Northern CA. 100% leased to seven tenants. NOI $189K/yr. $2.8M. 6.75% cap. DaVita in Somerset, NJ: 8500 SF Class-A single-tenant 18 patient chairs dialysis center built in 2002 on over 1 ac lot in affluent New York MSA. Tenant has been at this location since 2002. Extended 15 yrs absolute NNN lease with over 10-yrs left.  NOI $160K/yr with 2% annual rent increases. $2.784M. 5.75% cap. Neighborhood Center in San Marcos, CA: 74,008 SF shopping center in growing middle-class San Diego suburbs. Across from Walmart and Kohl's Centers. On an off/on ramp of Hwy-78. 100% NNN leased to eleven tenants. NOI $1.413M/yr. $19.1M. 7.40% cap. Cash America in Greenville, SC: 6500 SF newly constructed single-tenant retail building on over 1 ac lot. Close to I-85. New 10 yrs absolute NNN corp lease. NOI $104K/yr with 10% rent bumps every 5 yrs. $1.601M. 6.50% cap. MOB in Lawrenceville, GA: 16,000 SF Class-B medical office building constructed in 2001 on 1.30 ac lot in growing Atlanta suburbs. Close to Gwinnett Medical Center and Hwy-316. 100% leased to multiple medical practices. NOI $131K/yr. $1.3M. 10.10% 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.