Wednesday, October 28, 2015

10-14: Complete Emergency Care, T.J. Maxx, Walgreens, Shopping Centers

Daily Best Commercial Properties

  1. Complete Emergency Care in Pantego, TX: 5400 SF newly renovated 24-hour ER Care Center on .54 ac lot in fast growing Fort Worth/Dallas suburbs. 10 yrs NNN- corp lease to a strong tenant with 12 locations. NOI $135K/yr with 10% rent increases every 5 yrs. $2.076M. 6.50% cap.
  2. Retail Center in Harlingen, TX: 23,243 SF retail center renovated in 2012 on over 2 ac lot in a fast growing border city. Close to Valley Baptist Medical Center. Excellent tenant mix: T-Mobile, Marble Slab Creamery, Quizon's, Wing Bam, Advance America, Sun Loan and Sylvan Learning Center among others. 100% leased. $4.735M. 7.25% cap.
  3. Walgreens in McDonough, GA: 15,120 SF drug store built in 2001 on nearly 2 ac lot at a signalized intersection in fast growing Atlanta suburbs. 100% NNN lease with 6 yrs left. $347K/yr. $4.636M. 7.50% cap.
  4. Retail Center in Morgan Hill, CA: 27,511 SF eye-catching retail center completed in 2007 at a hard corner location in high income (AHI $123K/yr) Silicon Valley suburbs. Across from Walmart Supercenter and Hobby Lobby. 100% leased with excellent tenant mix including: Chipotle, Five Guys, Peet's and FedEx.  NOI $881K/yr. $15.3M. 5.76% cap.
  5. Retail Center in Elm Grove, WI: 24,203 SF consisting of three attractive retail buildings completed in 2005 on 2.78 ac lot in high income Milwaukee suburbs. Across from Target and Trader Joe's. 87% leased with good tenant mix including TCF Bank. Actual NOI $365K/yr. $4.566M. 8% actual cap. Upside potential when fully leased.
  6. Shopping Center in Thousand Oaks, CA: 56,707 SF high-quality construction shopping center on over 6 ac corner lot in affluent neighborhood with an AHI of $146K/yr in 1 mile radius. 88% leased. Actual NOI $725K/yr. $12.5M. 5.80% actual cap. Upside potential.
  7. T.J. Maxx in Oshkosh, WI: 24,000 SF single-tenant retail building constructed in 2012 on 1.85 ac lot. With excellent visibility and convenient access to Hwy-41. 100% NNN lease to credit tenant with 8 yrs left. NOI $204K/yr. $3.4M. 6% cap.
  8. Retail Center in Kennesaw, GA: 31,499 SF high-quality construction retail center on nearly 4 ac lot a busy corridor in fast growing and high income Atlanta suburbs. 92% leased. $7.825M. NOI & cap N/A.
  9. Retail Center in Dublin, OH: 30,493 SF consisting of four retail buildings completed in 2007 on 4.72 ac lot in growing and high income Columbus suburbs with an AHI of $93K/yr. Near I-270. 100% NNN leased. NOI $623K/yr. $7.8M. 8% cap.
  10. Shopping Center in Warren, MI: 51,029 SF well maintained shopping center on 6 ac lot at a hard corner location in Detroit suburbs. 71% NNN leased to eight long-term tenants including Family Dollar. Actual NOI $243K/yr. $3.2M. 7.60% actual cap. Upside potential when fully leased.
(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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