08-11: Shell Shack Restaurant, MOB, Apartments, Office Buildings, Shopping Centers

Daily Best Commercial Properties

Shell Shack in Mesquite, TX: 6014 SF Restaurant built in 2002 on 1.37 ac lot in fast growing Dallas suburbs. Adjacent to 30-Screens AMC Theaters and with easy access to I-635. 10 yrs absolute NNN lease with 9 yrs left to an operator with multiple locations. NOI $105K/yr with a rent bump in 2020. $1.505M. 7% cap. MOB in East Meadow, NY: 16,000 SF Class-B multitenant medical office building on over 1 ac lot in high income (AHI $106K/yr) New York suburbs. Close to Nassau University Medical Center. 100% leased. NOI $315K/yr. $4.5M. 7% cap. Retail Center in Bradenton, FL: 6752 SF attractive retail center constructed in 2008 on .87 ac outparcel to Winn Dixie center. 100% NNN leased with good tenant mix including Starbucks Coffee. NOI $155K/yr. $2.398M. 6.50% cap. Apartments in Grovetown, GA: 96-units apartment complex on nearly 6 a lot in fast growing and upper middle-class Augusta suburbs. NOI $320K/yr. $4.25M. 7.54% cap. Mini Mall in Merced, CA: 39,626 SF well kept shopping center on 3.20 ac lot at a signalized intersection. NNN leased with national & strong local tenants. Actual NOI $342K/yr. Price reduced from $5.35M to $4.95M. 6.91% cap. Retail Center in Gurnee, IL: 23,680 SF attractive retail center along busy corridor in growing Waukegan suburbs. 100% leased to national and local tenants. NOI $285K/yr. $3.9M. 7.32% cap. Office Building in Los Altos, CA: 3302 SF well maintained office building on .33 ac lot in affluent Silicon Valley with an AHI of $201K/yr in a 1 mile ring. Close to El Camino Hospital. 100% leased to established long term tenants. NOI $120K/yr. $3.5M. 3.45% cap. Strip Center in Portsmouth, VA: 12,000 SF strip center on 1.49 ac outparcel to Lowe's and Farm Fresh shopping center in Norfolk MSA. 100% leased. NOI $196K/yr. $2.55M. 7.70% cap. Shopping Center in Shorewood, IL: 30,016 SF shopping center built in 2005 on 3.87 ac lot in growing and high income neighborhood. 68% NNN leased. Actual NOI $193K/yr. $2.767M. 7% actual cap. Upside potential when fully leased. Apartments in Modesto, CA: 16-units fully renovated multifamily complex in a growing town South of Stockton.  Across from Modesto Junior College. Property consist of 12 two bedroom/one bath and 4 one bedroom/one bath. Pro forma NOI $93K/yr. $1.55M. 6.03% pro forma 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.