Wednesday, July 1, 2015

06-17: MIDAS, MOB, VA Outpatient Center, Retail Centers, Shopping Centers


Daily Best Commercial Properties

  1. Shopping Center in Rialto, CA: 25,352 SF well maintained shopping center on 1.78 ac lot along busy corridor in San Bernardino County. 100% NNN leased. NOI $261K/yr. $4.115M. 6.35% cap.
  2. Retail Center in Katy, TX: 20,000 SF retail center built in 2005 on 1.66 ac lot at a hard corner location in high income Houston suburbs. Across from 24-Hour Walmart Supercenter. 88% NNN leased. NOI $376K/yr. $5.38M. 7% cap.
  3. Neighborhood Center in Dallas, TX: 81,182 SF shopping center on nearly 6 ac lot anchored by Youfit Health Club. Adjacent to Lowe’s and with easy access to I-635. 80% leased. Actual NOI $ 726K/yr. $10.02M. 7.25% cap.
  4. Retail Center in Commerce Township, MI: 14,743 SF retail center constructed in 2005 on nearly 2 ac lot in high income (AHI $93K/yr in a 3 mile ring) Detroit MSA. Shadow anchored by Walgreens. 86% leased with good tenant mix. Pro forma NOI $235K/yr. $3.25M. 7.20% cap.
  5. Strip Center in Centennial, CO: 14,121 SF attractive strip center built in 1998 on .76 ac lot along major retail artery in affluent Denver suburbs. Near Hwy-87. Tenants include: Darque Tan, Doctors Express Urgent Care, Pup E Luv Dog Grooming, Impressive Cleaners and Alpha Bicycle Company.100% leased. NOI $268K/yr. $4.133M. 6.50% cap.
  6. VA Outpatient Center in Denton, TX: 9519 SF Class-B medical office building on 1 ac lot in Dallas/Fort Worth metro.  100% leased to U.S. Department of Veteran Affairs with 5 yrs left.  NOI $161K/yr. $1.995M. 8.12% cap.
  7. MOB in Dallas, TX: 5945 SF Class-B single tenant medical office building on .54 ac lot. 100% NNN lease with 5-yrs left to The CitySquare Community Clinic. NOI $129K/yr. $1.62M. 7.99% cap.
  8. MIDAS in Fort Myers, FL: 4073 SF well-kept auto center on 1 ac lot along Hwy-41. 100% absolute NNN lease with 4-yrs left. NOI $75K/yr. $1.005M. 7.49% cap.
  9. Shopping Center in Decatur, GA: 67,716 SF shopping center on over 8 ac lot at a signalized intersection anchored by Farmers Market and Family Dollar in Atlanta suburbs. Across from Publix Super Market center and Walgreens. 95% leased. Actual NOI $307K/yr. $3.615M. 8.50% actual cap.
  10. Retail Center in Denver, CO: 12,180 SF retail center on .88 ac lot. Between Safeway Grocery and Super 99 Cents Store. 100% leased. NOI $98K/yr. $1.29M. 7.63% 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.