Tuesday, October 13, 2015

09-29: Walgreens, Oil Changers, MOB, Mixed-use, Retail Centers


Daily Best Commercial Properties

  1. Retail Center in Peachtree City, GA: 14,083 SF attractive retail center built in 2006  on 1.74 ac lot in growing and high income (AHI $98K/yr in 3 miles) Atlanta suburbs. Across from Publix grocery center. 100% leased to seven tenants. NOI $209K/yr. $2.469M. 8.50% cap. Note: flyer not available, full brochure upon request.
  2. Walgreens in Tulsa, OK: 15,000 SF drug store built in 2004 on 1.38 ac lot at a hard corner location. With easy access to Hwy-51 and I-44. 20 yrs NNN- lease with 9 yrs left. NOI $195K/yr. $2.785M. 7% cap.
  3. MOB in Warwick, RI: 31,000 SF well maintained medical office building on nearly 4 ac lot in Providence suburbs. Between Kent Hospital and I-95. 100% leased to multiple tenants. NOI $343K/yr. $4.9M. 7% cap.
  4. Retail Center in Mc Allen, TX: 13,450 SF retail center built in 1997 on .93 ac lot in a fast growing upper middle class area. 90% leased. $2.25M. NOI N/A,
  5. Shopping Center in Chicago, IL: 18,508 SF shopping center on .92 ac lot along main artery. 93% leased with good tenant mix including: Subway, Cricket Wireless and more. Actual NOI $232K/yr. $2.3M. 10.10% actual cap. Upside potential.
  6. Oil Changers in Oakland, CA: 2262 SF auto retail building on .23 ac lot in Alameda county. Visible from I-980. 10 yrs absolute NNN lease with 7 yrs left. NOI $64K/yr with CPI rent bumps every 3 yrs. $1.127M. 5.75% cap.
  7. MOB in Beaumont, CA: 16,950 SF consisting of three retail/medical buildings completed in 2007 on 1.46 ac lot in growing Riverside County. Close to I-10. Good tenant mix: Inland Pain Medicine, SleepMed of America, Farmers Ins, Beltone Hearing, C&G Orthodontics, Apex Urgent Care and Huntress Salon. 84% leased. Actual NOI $175K/yr. $2.505M. 7% cap.
  8. MOB in Fort Myers, FL: 4025 SF Class-B single tenant medical office building constructed in 1996 on .69 ac lot. Tenant has been at this location for 20 yrs. 100% NNN lease with 5 yrs left to Hanger Inc. providing prosthetic and orthotic patient care services. NOI $82K/yr. $1.099M. 7.50% cap.
  9. Mixed-use in McKinney, TX: 54,596 SF office and retail center on 3.66 ac lot in growing (479% pop growth since 2000) and affluent (AHI $128K/yr) Dallas MSA. Major tenants include: MediQuip International, Coldwell Banker and Ferguson Financial.100% NNN leased. NOI $818K/yr. $11.697M. 7% cap. 
  10. Retail Center in Atwater, CA: 9909 SF attractive retail center at a signalized intersection in a growing city. Across from Food 4 Less center. 100% NNN lased. NOI $197K/yr. $2.817M. 7% 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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