08-04: Furr's Fresh Buffet, Walgreens, Meineke, Zio's Italian Kitchen, Office Buildings, Shopping Centers

Daily Best Commercial Properties

MOB in Toledo, OH: 23,368 SF single-tenant medical office building on 1.29 ac lot. Close to Mercy St. Anne Hospital, Franklin Park Mall and I-475. 23 yrs NN lease with over 4 yrs left to Mercy Health, a Catholic health organization throughout OH and KY. NOI $301/yr with CPI rent bumps every 5 yrs. $3.35M. 9% cap. Retail Center in Hutto, TX: 17,802 SF attractive retail center built in 2004 in growing (660% pop growth since 2000) and high income ($89K/yr) Austin MSA. Adjacent to Home Depot and Goodwill. 100% leased with good tenant mix. NOI $349K/yr. $5.5M. 6.35% cap. Furr's Fresh Buffet in Lubbock, TX: 11,079 SF well maintained family buffet restaurant on 1.85 ac lot. With frontage along Hwy-289. Tenant has been at this location since 1986. 100% NNN lease with 6-yrs left to a strong regional operator with 25 units. NOI $174K/yr. Price reduced from $2.32M to $2.175M. 8% cap. Office Building in Pittsburg, CA: 15,593 SF Class-B multitenant office building on over 1 ac lot in Contra Costa County. Close to Hwy-4. Major tenants; Orthodontist, Dental Lab, Dental Practice and Children's Services. 100% NNN leased. NOI $124K/yr. $1.915M. 6.50% cap. Walgreens in Urbandale, IA: 13,905 SF drug-store completed in 1996 on .50 ac lot at a signalized intersection and in affluent Des Moines suburbs with an AHI of $105K/yr. 100% NNN lease with recent 5-yr renewal. NOI $3.934M. 6.10% cap. Meineke/Econo Lube in Riverdale, GA: 2795 SF well maintained single tenant auto center on .40 ac outparcel to Home Depot in growing Atlanta suburbs. 100% absolute NNN lease with 5 yrs left. NOI $84K/yr with annual rent increases. $1.06M. 8% cap. Zio's Italian Kitchen in Olathe, KS: 7,662 SF Italian Restaurant on .44 ac outparcel to 28-Screen 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.  Retail Center in Avondale, AZ: 21,168 SF retail center built in 2003 on 2.58 ac lot with three points of ingress/egress in growing middle-class Phoenix suburbs. All units face main road. 96% leased with excellent tenant mix. Actual NOI $216K/yr.   $2.93M. 7.40% cap. Retail Center in Folsom, CA:13,578 SF retail center completed in 2007 along major retail corridor in high income Sacramento suburbs with an AHI of $113K/yr in a 1 mile ring. 100% leased. NOI $305K/yr. $4.695M. 6.50% cap. Retail Center in Shelton, CT: 19,900 SF eye-catching retail center built in 2006 on nearly 3 ac lot in high income (AHI $103K/yr) New Haven MSA.  NOI $281K/yr. $3.695M. 7.63% 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.