07-21: Shopping center, Multifamily, KinderCare, Dunkin Donuts, Family Dollar, Hardees

Daily Best Commercial Properties

Shopping Center in Clinton Township, MI: 44,103 SF shopping center on a busy road  in North of Detroit middle-class suburbs. 92% leased to strong tenants including Dollar Tree, Metro PCS, Stray Cat Lounge, Fitness 19, All State, Penot's Palet, etc. NOI $359K/yr.  $4.375M 8.2% cap. Shopping Plaza in Kettering, OH: 117,845 SF mature shopping plaza on 10.4 acres lot in Dayton metro.  Anchored Big Lots, St Francis Thrift Store, and discount Fashion Warehouse.  83% occupied.  NOI $294K/yr. $3.27M. 9% cap. Multifamily in Stockton, CA:  126-unit multifamily consists of 7 2-story garden style structures.  Recently rehabbed with new roof and interior/exterior upgrades.  NOI $510K/yr. 8.4M. 6.08% cap. Strip mall in Pharr, TX: 9438 SF strip center on 3/4 ac lot across from HEB Grocery in fast growing McAllen metro.  100% leased.  NOI $158K/yr. $2.182M. 7.25% cap. KinderCare in Lilburn, GA: 6460 SF childcare center on 1.18 acres lot in Atlanta metro.  100% absolute NNN corp lease with 8+ yrs left.  NOI $123K/yr with 9% rent bump every 3 yrs.  $1.65M. 7.5% cap. Neighborhood Market in Parma Heights, OH: 64,530 SF shopping center on 7.7 ac parcel in Cleveland metro.  Anchored by Sav A Lot Grocery, Curvy Consignments, and CSL Plasma.  94% leased.  NOI $290K/yr. $3.415M. 8.5% cap. Dunkin Donut & Golden Chick in Panama City, FL: 3821 SF brand new retail center on 1.2 ac lot consisting of 2 free standing restaurants with drive thru.  100% NNN leased to Dunkin Donuts (15 yrs) and Golden Chick (12 yrs lease).  NOI $126K/yr with rent bumps during options.  $1.808M. 7% cap. Marvis Discount Tire in Depew, NY: 4500 SF auto service center on 1.06 ac lot in Buffalo metro.  15 yrs NNN lease.  NOI $79K/yr with 7% rent bumps every 5 yrs. $1.223M. 6.5% cap. Family Dollar in Irving, TX: 8370 SF family dollar store built in 2012 on 1.14 ac lot.  10 yrs NNN- lease till 2022.  NOI $125K/yr. with 10% rent bumps each 5 yrs option.$1.796M. 7% cap. Hardee's in Champagne, IL: 2587 SF 24-hr fast food restaurant on .9 ac lot.  100% absolute NNN lease with no landlord responsibilities and 13 yrs left to an operator with 162 locations. NOI $100K/yr with 8% rent bumps every 5 yrs. $1.6M. 6.2% 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.