Monday, August 10, 2015

07-24: Family Dollar, Rite Aid, DaVita, MOB, Walgreens, Rite Aid, Planet Fitness


Daily Best Commercial Properties

  1. Office Plaza in Melbourne, FL: 32,135 SF consisting of two well maintained multitenant office buildings on 2.34 ac lot. Close to Melbourne Square Mall. With excellent tenant mix. Actual NOI $175K/yr. $2.5M. 7% cap.
  2. Family Dollar in Bradenton, FL: 8320 SF bran new Family Dollar on over 1 ac lot in a fast growing area. New 15-yrs absolute NNN lease. NOI $128K/yr with 10% rent bump in year 11. $2.142M. 6% cap.
  3. Check$mart in Gladstone, MO: 2050 SF drive-thru retail building remodeled in 2006 on .75 ac lot in Kansas City suburbs. 100% absolute NNN lease with 4-yrs left. Tenant has been here for 9 years.  NOI $99K/yr with 3% annual rent increases. $1.243M. 8% cap.
  4. Rite Aid in Decatur, GA: 10,908 SF Rite Aid Pharmacy built in 1997 on nearly 1 ac lot at a hard corner location in growing Atlanta suburbs. Adjacent to Publix and Kroger grocery. 100% absolute NNN lease with 3-yrs left. NOI $242K/yr. $2.55M. 9.50% cap.
  5. Strip Center in Phoenix, AZ: 7040 SF strip center constructed in 2002 on 1.04 ac lot along main corridor. With easy access to I-10. Tenants include: Dunkin Donuts, Qdoba Mexican Grill, Zoyo Neighborhood Yogurt and Calico Studios. NOI $150K/yr. $2.23M. 6.75% cap.
  6. Retail Center in Modesto, CA: 29,150 SF well kept 10-unit retail center on over 2 ac lot in a middle class area. Close to Hwy-99. 100% leased to Super Mercado Del Sol, Fred Loya Insurance and other local tenants. NOI $159K/yr. $2.8M. 5.70% cap.  Less than $100/SF.  Strong upside potential.
  7. DaVita in Sacramento, CA: 15,007 SF dialysis center built in 2011 on 1.98 ac lot.  New 15 yrs NNN- corp lease.  NOI $234K/yr with 10% rent bumps every 5 yrs.  $4.459M. 5.25% cap.
  8. Walgreens in Mobile, AL: 14,368 SF drug store constructed in 2000 on 2 ac lot at a signalized corner location. 100% NNN- lease with 6 yrs left. NOI $356K/yr.  $5.085M. 7% cap.
  9. MOB in Pasadena, TX: 12,144 SF Class-B single tenant medical office building in Houston suburbs. Close to Bayshore Medical Center. 20-yrs NNN lease to Doctors Outpatient Surgicenter with 6-yrs left. NOI $274K/yr. $3.731M. 7.35% cap
  10. Planet Fitness in Burnsville, MN: 22,138 SF attractive Planet Fitness Center on 2.45 ac lot in high income (AHI $82K/yr) Minneapolis suburbs.  Across from Burnsville Center with Macy's, JCPenney and Dick's Sporting Goods. New 10-yrs lease. NOI $221K/yr. $3.16M. 7.01% 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.  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.


David V. Tran
Chief Investment Advisor. CA BRE# 00969014
Transmercial -- Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)


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