Monday, June 29, 2015

05-21: Fresenius Medical Care, St. Francis Urgent Care, Iron House Casino, Strip Centers


Daily Best Commercial Properties

  1. Fresenius Medical Care in Wyoming, MI: 14,879 SF attractive built-to-suit open-24-hr, 6-days/week dialysis center constructed in 1998 on 2.60 ac lot in stable Grand Rapids suburbs. With easy access to Hwy-131. 100% absolute NNN lease with 2.5-yrs left to a national tenant. NOI $270K/yr. with 10% rent bumps each 5 yr option.  24-hr location means tenant most likely to renew the lease. $2.92M. 9.25% cap.
  2. St. Francis Urgent Care in Greenwood, IN: 5425 SF attractive urgent care center on .75 ac lot at a signalized intersection in growing Indianapolis suburbs. Across from Greenwood Park Mall. 100% absolute NNN lease with 6-yrs left. NOI $121K/yr. $1.725M. 7.05% cap.
  3. Retail Center in Duluth, GA: 13,627 SF attractive retail center built in 2006 on 1.31 ac outparcel to Walmart in growing Atlanta suburbs. Along major retail artery and close to Gwinnett Place Mall and I-85. 100% leased. NOI $223K/yr. $2.7M. 8.30% cap.
  4. Shopping Center in Santa Maria, CA: 61,803 SF well maintained shopping center on 1.87 ac lot at a hard corner location in Southern California. Adjacent to Santa Maria Town Center. Major tenants include: Rite Aid & Big 5. 92% leased. Actual NOI $616K/yr. $9.14M. 6.75% cap.
  5. Retail building in Yuba City, CA: 31,088 SF attractive retail building on over 2 ac lot at a major corner location of Hwy-20 in Sacramento metro. Across from Yuba Sutter Mall.  100% NNN leased to PetSmart, Chipotle, Sell Phones, Cartridge World, School Financial and WestHaven Solar Showroom.  NOI $544K/yr. $8.4M. 6.50% cap.
  6. Retail Center in Jupiter, FL: 26,413 SF L-shaped retail center on 2.76 ac lot along busy retail thoroughfare. Across from Publix grocery center and with easy access to I-95. 100% leased. NOI $489K/yr. $7.3M. 6.70% cap.
  7. Office Building in Richardson, TX: 9864 SF completely remodeled office building on .66 ac lot in densely populated Fort Worth/Dallas suburbs. New 20-yrs absolute NNN lease to Soffitec, Inc., a successful accounting firm. NOI $136K/yr with 10% rent bumps every 5-yrs. $1.95M. 7% cap.
  8. Iron Horse Casino in Auburn, WA: 12,278 SF Iron Horse Casino on 1.54 ac lot at a hard corner location in growing middle class Seattle suburbs. Across from Lowe’s and close to Hwy-167. 10-yrs absolute NNN lease. NOI $360K/yr with annual CPI rent bumps. $4.9M. 7.35% cap.
  9. Strip Center in West Jordan, UT: 7647 SF attractive strip center constructed in 2007 on over 3 ac lot along busy corridor in growing Salt Lake City suburbs. NOI $134K/yr. $1.92M. 7% cap.
  10. Strip Center in Rockwall, TX: 10,900 SF strip center on over 1 ac outparcel to Walmart Supercenter in Dallas suburbs. On an off/on ramp of I-30. 100% leased to five tenants. NOI $200K/yr. $2.5M. 8% 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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