Friday, August 12, 2016

07-29: Apartments, Retail Centers, Office Buildings, Auto Centers, Shopping Centers



Daily Best Commercial Properties

  1. Retail Center in Houston, TX: 26,022 SF well maintained retail center on nearly 2 ac lot. Across from Fulton North Central Light Rail Station. Major tenants include; Auto Zone (ground lease), Family Dollar, H&R Block and Little Caesar's Pizza. 80% leased. NOI $325K/yr. $4.25M. 7.65% cap.
  2. Apartments in Green Bay, WI: 36-unit well maintained apartment complex on .81 ac lot in a middle-class area. Close to St. Vincent Hospital schools and parks.  High occupancy history. Pro forma NOI $92K/yr. $1.175M. 7.87% cap.
  3. Shopping Center in Las Vegas, NV: 57,660 SF shopping center on 4.89 ac lot along major retail artery. Shadow anchored by Target and Walgreen's. Major tenants include: Dollar Tree, Raising, Cane's, The Cupcakery, Payless ShoesSource, Sally Beauty Supply, GameStop, T-Mobile and Fantastic Sam's. Close to Kindred Hospital. 98% leased. Actual NOI $1.304M/yr. $18.5M. 7.05% cap.
  4. Retail Center in Oklahoma City, OK: 24,778 SF attractive retail center built in 2008 on 2.58 ac lot in growing upper middle-class area. 100% leased. NOI $305K/yr. $3.85M. 7.94% cap.
  5. Strip Center in Pueblo, CO: 4508 SF attractive strip center at a corner location. Across from Walmart Supercenter. 100% NNN leased to Bay Meat Market, Quick Cash, Great Clips and Best Donuts. NOI $77K/yr. $1.105M. 7% cap.
  6. Retail Center in Wylie, TX: 7300 SF retail center constructed in 20087 on 1.47 ac lot in growing (490% pop growth since 2000) and affluent (AHI $112K/yr in a 3 mile ring) Dallas metro. 100% NNN leased. NOI $101K/yr. $1.286M. 7.92% cap.
  7. Office Building in Boise, ID: 7410 SF Class-A multitenant office building remodeled in 2015 on .86 ac corner lot. 100% leased to four professional tenants. Pro forma NOI $77K/yr. $1.1M. 7.07% cap.
  8. Auto Center in Victorville, CA: 15,822 SF multitenant auto center on 1.55 ac lot in growing middle-class San Bernardino County. 100% NNN leased. NOI $108K/yr. $1.8M. 6% cap.
  9. Retail Center in Atlanta, GA: 16,800 SF well maintained retail center on over 1 ac lot. 100% leased with good tenant mix. NOI $390K/yr. $5.2M. 7.50% cap.
  10. Big O Tires in Concord, CA: 5,937 SF auto center along busy corridor in Contra Costa County. 100% absolute NNN lease with 12 yrs left. NOI $101K/yr with a rent increase. $1.85M. 5.50% cap.
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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