Friday, October 9, 2015

09-25: Regional Centers, Shopping Centers, Retail Centers, MOB's


Daily Best Commercial Properties

  1. Shopping Center in Mobile, AL: 67,964 SF well kept shopping center on over 6 ac lot along main artery and close to I-10. 100% NNN leased to Big Lots, Goodwill and Planet Fitness. NOI $297K/yr. $3.925M. 7.58% cap.
  2. Retail Center in Englewood, OH: 25,000 SF retail center remodeled in 2007 on 8 ac lot in middle-class Dayton suburbs. 100% NNN leased with national, regional and local tenants. NOI $240K/yr. $2.75M. 8.76% cap.
  3. Retail Center in Orlando, FL: 20,160 SF attractive retail center completed in 2008 on 1.82 ac lot adjacent to two major shopping center. With easy access to Hwy-408. 100% NNN leased. NOI $173K/yr. $1.775M. 9.80% cap.
  4. MOB in Lakewood, CO: 10,602 SF Class-B multitenant medical office building in Denver suburbs. 69% leased. NOI $103K/yr. $1.2M. 8.64% cap.
  5. Retail Center in Birmingham, AL: 12,627 SF retail center on over 6 a lot in growing and upper middle class area with an AHI of $82K/yr in a 3 mile ring, Tenants include: ABC Child Development Center, Dr. James Sampson, Mason Music, Consider It Joy Baking, Baker's Famous Pizza, Wings Plus V and Grill. NOI $160K/yr. $2M. 8.45% cap.
  6. Retail Center in Hinesville, GA: 12,208 SF retail center built in 1999 on 2 ac lot at a signalized intersection. Adjacent to Goodwill center and across from Citi Trends and Dollar Tree. Close to Liberty Regional Medical Center. 94% NNN leased to seven national and regional tenants. NOI $170K/yr. $1.999M. 8.51% cap.
  7. Neighborhood Center in Andover, MN: 74,938 SF well maintained shopping center in high income Minneapolis suburbs. Anchored by Festival Foods, a regional operator with 21 locations. Other tenants include: Dollar Tree, Belli Capelli, Totally Tan, Great Clips and Farrell's Extreme Body Shaping. 100% leased. NOI $874K/yr. $11.511M. 7.60% cap.
  8. MOB in Las Vegas, NV: 7980 SF single tenant medical office building constructed in 1991 on nearly 1 ac lot. Across from University Medical Center. 100% NNN lease with 9 yrs left to Coast Dental, a regional tenant with over 130 practices. NOI $166K/yr. $2.381M. 7% cap.
  9. Regional Center in Jacksonville, FL: 205,696 SF well kept shopping center on over 18 acres of land along major artery. Major tenants include: Burlington Coat Factory, dd's discounts, Chuch E. Cheese and Carraba's Italian Grill. Across from Regency Square Mall. 9% cap. Price Not Disclosed.
  10. Retail Center in Southfield, MI: 12,445 SF well maintained retail center on 1.34 ac lot in a high income area with an AHI of $84K/yr in 1 mile ring. All units face Hwy-10. 100% leased. NOI $178K/yr. $2.1M. 8.50% 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.

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