11-12: Walgreens, MOB, Mixed-Use, CVS, Retail 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. Walgreens in Rock Island, IL: 13,905 SF drive-thru Walgreens Pharmacy on 1.45 ac lot at a hard corner location. Close to Trinity Medical Center. Tenant has been at this location since 1998. Recently extended NNN- corp lease with 18-yrs left. NOI $316K/yr. $4.7M. 6.74% cap.
2. MOB in Gilbert, AZ: 4561 SF Class-B single tenant medical office building constructed in 2003 in upper middle class Phoenix suburbs. Near Banner Gateway Medical Center and Hwy-60. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $86K/yr with 3% annual rent bumps. $1.195M. 7.25% cap.
3. Community Center in Buffalo, NY: 92,720 SF shopping center on 6.75 ac outparcel to Home Depot and at a major retail corridor in a growing area. 100% NNN leased to Jo-Ann Fabrics and Crafts, Big Lots and Office Max. NOI $840K/yr. 10.425M. 8.06% cap.
4. Mixed-Use in Colorado Springs, CO: 57,900 SF office/retail center at a high traffic location on over 5 ac corner lot in upper middle class area. 85% NNN leased. Actual NOI $618K/yr. $7.5M. 8.25% cap.
5. Shopping Center in Milwaukie, OR: 25,420 SF well kept shopping center on 2 ac lot in growing upper middle-class Portland metro  area. All units face main retail artery. 100% NNN leased. NOI $350K/yr. $4.995M. 7.02% cap.
6. CVS in Yuma, AZ: 15,251 SF CVS Pharmacy constructed in 2000 on 2.51 ac lot adjacent to Southgate Mall with Sears, Burlington Coat Factory, Goodwill and Big 5 Sporting Goods. Close to Yuma Regional Medical Center. 100% NNN corp lease with 6-yrs left. NOI $323K/yr. $4.462M. 7.25% cap.
7. Retail Center in Missouri City, TX: 29,910 SF attractive shopping center on 2.88 ac lot along Hwy-6 in fast growing & affluent (AHI $124K/yr in 1 mile) Houston suburbs. Near Wal-Mart, Kohl’s, Lowe’s and Home Depot. 97% NNN leased. NOI $447K/yr. $5.95M. 7.5% cap. 
8. Retail Building in Las Vegas, NV: 10,987 SF retail building constructed in 2007 on over 1 ac lot at a signalized intersection. 79% NNN leased. Actual NOI $173K/yr. $2.225M. 7.78% cap.
9. MOB in Gilbert, AZ: 3835 SF Class-A single-tenant medical office building completed in 2003 in Phoenix suburbs. Close to Mercy Gilbert Medical Center and Hwy-202. 100% NNN lease with 8-yrs left to a successful medical practice. NOI $72K/yr with 3% annual rent increases. $1.005M. 7.25% cap.

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