05-30: Apartments, Childtime Learning Center, MOB, Retail Buildings

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on loopnet, CBRE, M&M, SVN, and various other sources.   Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. 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. 

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.

1. Retail Center in Canton, OH: 13,216 SF attractive retail center built in 2008 on nearly 1 ac lot in high income Akron suburbs. Across from Westfield Belden Village Mall. 100% NNN leased to Aspen Dental, EyeMasters, Buybacks and SleepLogic. NOI $346K/yr. $4.18M. 8.30% cap.
2. Retail Center in Fort Worth, TX: 7209 SF retail center on .28 ac lot across from Texas Christian University. 100% leased to Perez Family Dental, Soka Gakkai International Buddhist Center, Grand Campus Living and m.pulse. NOI $135K/yr. $1.934M. 7% cap.
3. Mixed-use Building in Love Park, IL: 7500 SF retail/office building on .51 ac lot in Rockford suburbs. In growing and high income area with an AHI of $102K/y in 3 mile radius. Close to I-90. 86% leased. NOI $75K/yr. $795K. 9.50% cap.
4. MOB in Albuquerque, NM: 52,327 SF Class-B consisting of six medical office buildings on 5+ ac lot. Close to Carrie Tingley Hospital, University of New Mexico Hospital and I-25. 86% leased. NOI $492K/yr. $5.6M. 8.80% cap.
5. Apartments in Indio, CA: 33-apartment complex consisting of two-bedroom apartments and townhouses on 1.71 ac lot in growing Riverside County. Close to Hospital, Schools and shopping centers.  Amenities include pool, central air conditioning and a private patio or balcony. 97% occupied. NOI $138K/yr. $1.895M. 7.38% cap.
6. Childtime Learning Center in Kennesaw, GA: 8106 SF Childtime Learning Center built in 1998 on 2.51 ac lot at major retail corridor in fast growing and high income Atlanta suburbs. Tenant has been at this location since 1997. 100% absolute NNN corp lease with 4+ yrs left to a national childcare provider with 250+ locations. NOI $155K/yr with a CPI rent bump in 2015. $1.4M. 11.10% cap.
7. MOB in Parker, CO: 12,804 SF attractive medical office building on .77 ac lot at main corridor in growing (54.67% growth since 2000) and high income (AHI $111K/yr within 3 mile) Denver suburbs. NNN leased to 4 tenants: Concentra Urgent Care, Colorado Athletic Conditioning Clinic, Dental Clinic, and Heart Clinic. NOI $242K/yr. $3.15M. 7.71% cap.
8. MOB in Englewood, CO: 21,000 SF well maintained medical office building at a corner location in high income Denver suburbs. Close to 368-bed Swedish Medical Center. 80% leased. NOI $102K/yr. $1.7M. 6% cap.
9. Shopping Center in Cincinnati, OH: 61,864 SF well maintained shopping center at main retail artery next to Kings Auto Mall and I-71. Anchored by hhgregg Appliances.  NNN leased. NOI $735K/yr. $9.19M. 8% cap.
10. Retail Center in Longmont, CO: 21,302 SF retail center remodeled in 2003 on 1.53 ac lot at a busy corridor. Near 156-bed Longmont United Hospital. 100% NNN leased. NOI $199K/yr. $2.2M. 9.05% cap.

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