Thursday, October 29, 2015

10-15: Francis Urgent Care, MOB, Shopping Centers, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. MOB in Cincinnati, OH: 21,553 SF multitenant medical office building constructed in 1995 on 2 ac lot. Adjacent to Eastgate Mall and with easy access to I-275. Major tenants: Cincinnati Children's Hospital (AA2 Credit Rating and employs Over 14,000 in Cincinnati MSA) and The Christ Hospital (A3 Credit Rating and employs over 6,000 in Cincinnati MSA). 82% NNN leased. Actual NOI $229K/yr. $2.75M. 8.35% actual cap. Upside potential.
  2. Retail Center in Grandville, MI: 17,248 SF retail center built in 1997 on over 2 ac lot in Grand Rapids suburbs. Close to Walmart Supercenter and I-196. 100% NNN leased with good tenant mix: Panera Bread, Regis, Sun Tan City and State Farm. NOI $231K/yr. $3.2M. 7.22% cap.
  3. Shopping Center in Milwaukee, WI: 35,327 SF L-shaped well maintained shopping center built in 1989 on 3.5 ac lot along main corridor. Close to Walmart. 88% leased with good tenant mix. Actual NOI $328K/yr. $3.454M. 9.50% actual cap. Upside potential.
  4. Retail Center in Houston, TX: 22,831 SF eye-catching retail center built in 2007 on over 2 ac lot in a fast growing and high income Houston suburbs. Major tenants: Portal Family Dentistry, Legend Nails, Little Moe's, L Hair Salon and Donuts Delight. 100% NNN leased. NOI $354K/yr. $4.4M. 8.06% cap.
  5. Retail Center in Indianapolis, IN: 39,048 SF retail center built in 2002 on 5.36 ac lot at a hard corner intersection. 80% leased. Actual NOI $382K/yr. $4.777M. 8% cap. Upside potential when fully leased.
  6. MOB in Indianapolis, IN: 12,681 SF single-tenant Podiatry Outpatient surgery center on 2.59 ac lot. Adjacent to St Vincent's Hospital. 100% NNN leased to Community Health Network, a A2 Moody's national credit tenant. Center performs more than 1000 cases/year.  NOI $374K/yr. $5.1M. 7.34% cap.
  7. Shopping Center in Louisville, KY: 44,366 SF attractive shopping center on over 3 ac lot along Hwy-60. Shadow anchored by Kroger Grocery. Good tenant mix: Dr. Bizer's Vision World, Sun Tan City, GNC, Sherwin Williams, Hear Here and Double Dragon II.  84% NNN leased. NOI $507K/yr. $5.635M. 9% cap.
  8. Retail Center in Katy, TX: 18,000 SF retail center on 1.46 ac lot in growing and high income Houston suburbs with an AHI of $79K/yr in a 1 mile radius. 92% leased. NOI $240K/yr. $2.835M. 8.50% cap.
  9. Francis Urgent Care in Greenwood, IN: 5245 SF Class-B urgent care center on .74 ac lot at a signalized intersection in growing Indianapolis suburbs. Across from Greenwood Park Mall. 100% absolute NNN lease with over 5-yrs left. NOI $121K/yr. $1.62M. 7.50% cap.
  10. Strip Center in Beaumont, CA: 11,000 SF eight-units well maintained retail center on .87 ac lot in growing Riverside County in Southern CA. With easy access to I-10. 100% leased. NOI $125K/yr. $1.924M. 6.50% 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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