Monday, June 29, 2015

05-19: MOB, Max Fitness, Red Lobster, Medical Condos



Daily Best Commercial Properties

  1. MOB in Merrionette Park, IL: 57,305 SF attractive multi-tenant medical office building on 6.80 ac lot in Chicago suburbs. Tenants include: Fresenius, Arbor Eye Center and Advocate Health. 100% NNN leased. $11.7M. 7% cap.
  2. Retail Building in Antioch, IL: 12,516 SF retail building constructed in 2007 in Chicago MSA. Across from Walmart Supercenter. 100% leased to CarX and Jimmy John’s. NOI $196K/yr. $2.46M. 8% cap.
  3. Max Fitness in Fort Wayne, IN: 19,200 SF fitness center renovated in 2012 on over 5 ac lot in a fast growing and upper middle class area. Across from newer Walmart Supercenter . 10-yrs NN lease with 7-yrs left to a strong operator with 19-units. NOI $176K/yr. $2.072M. 8.50% cap.
  4. Red Lobster in Montclair, CA: 6233 SF well maintained Red Lobster Restaurant on .30 ac outparcel to 1.3M SF Montclair Plaza Mall with 153 stores in Southern CA. With easy access to I-10. Tenant has been at this location 31 years. Recently extended absolute NNN 5-yrs lease. NOI $159K/yr. $2.9M. 5.50% cap. Store with strong sales revenue of  $2.9M/year. Note: flyer not available, full marketing brochure upon request.
  5. Retail Center in Fort Worth, TX: 15,073 SF retail center completed in 2004 on 1.41 ac lot. Across from 225,000 SF Chapel Hill Center, with upscale restaurants including WorldPlus Market, James Avery Jewelry, Mi Cocina and Buttons. With easy access to I-30. 100% NNN leased to five tenants. NOI $356K/yr. $4.5M. 8.30% cap.
  6. Medical Office Building in San Antonio, TX: 5810 SF well maintained multitenant medical office building completed in 2001 on nearly 1 ac lot. In growing and affluent neighborhood with an AHI of $121K/yr in a 3 mile radius. Near North Central Baptist Hospital and Methodist Stone Oak Hospital. 100% leased to 3 tenants. NOI $100K/yr. $1.4M. 7.16% cap.
  7. MOB Condo’s in Indio, CA: 8091 SF consisting of seven medical condominiums adjacent to JFK Memorial Hospital. Fully NNN leased with five units leased to JFK Hospital and two physicians. NOI $131K/yr. $1.85M. 7.12% cap.
  8. Shopping Center in Henderson, NV: 33,162 SF eye-catching shopping center along busy retail corridor in growing and high income (AHI $93K/yr) Las Vegas suburbs. 96% leased. NOI $623K/yr. $8.6M. 7.25% cap.
  9. MOB in Anaheim, CA: 13,222 SF well kept medical office building on 1 ac lot in densely populated Southern California. 90% leased to multiple tenants. $2.6M. NOI N/A.
  10. Retail Center in Tucson, AZ: 41,947 SF retail center along busy artery in growing and upper middle class area. Adjacent to Walgreens and near I-10. 94% leased. NOI $791K/yr. $10.5M. 7.54% cap. 

(c) Transmercial 2015
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.  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.  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.

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