08-28: Planet Fitness, MOB, Liberty Dialysis, Oliver's Market, Strip Centers

Welcome new investors.  Transmercial is the only company in the US that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on 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. Planet Fitness in La Puente, CA: 20,500 SF well maintained Planet Fitness on 2.28 ac lot along major retail artery and in densely populated Los Angeles County. 100% NNN lease with 13-yrs left. NOI $307K/yr. $5.3M. 5.80% cap.
2. Strip Center in Concord, NC: 4475 SF eye-catching strip center on .48 ac outparcel to 79,576 SF Harris Teeter Grocery in high income Charlotte metro. 100% leased. NOI $84K/yr. $1.206M. 7% cap.
3. MOB in Greenville, SC: 5403 SF Class-B medical office building across from Greenville Memorial Hospital. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $64K/yr. $864K. 7.50% cap.
4. MOB in Spartanburg, SC: 7837 SF Class-A medical office building in growing and upper middle-class area with an AHI $73K/yr in 1-mile. Brand new 5-yrs NNN lease to Allergic Disease & Asthma Center with 3 locations. NOI $94K/yr. $1.253M. 7.50% cap.
5. Shopping Center in Beaumont, TX: 80,491 SF shopping center renovated in 2011 on 8 ac lot. Across from Parkdale Mall and near Hwy-287. 100% leased. NOI $1.094M/yr. $13.995M. 7.82% cap.
6. Medical Office Building in Fresno, CA: 11,020 SF Class-A office building at a corner location in a fast growing area. 100% NNN leased to three tenants. NOI $192K/yr. $2.756M. 7% cap.
7. Strip Center in Las Vegas, NV: 14,880 SF attractive strip center built in 207 on 1.66 ac lot along major artery. 92% lased. NOI $287K/yr. $3.995M. 7.20% cap.
8. Liberty Dialysis in Castle Rock, CO: 8450 SF Class-A dialysis center on 1.59 ac lot in fast growing (312% pop growth) and affluent Denver suburbs with an AHI of $101K/yr. Adjacent to Walmart Supercenter, brand new Natural Grocers and Target. 100% NNN lease with 5-yrs left to Liberty Dialysis (owned by Fresenius Medical Care). NOI $282K/yr. $3.64M. 7.75% cap.
9. Retail Center in Fresno, CA: 8300 SF retail center built in 2009 on .85 ac lot. Close to Hwy-3. 100% NNN lased to three tenants. NOI $106K/yr. $1.453M. 7.30% cap.
10. Oliver’s Market in Santa Rosa, CA: 22,452 SF highly rated grocery store constructed in 1980 on 2.83 ac lot in a growing area just North of San Francisco. 100% absolute NNN lease to a strong regional tenant with 2-yrs left. NOI/Price N/A.

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