Wednesday, October 14, 2015

9-30: Walgreens, MOB, SmileCare, Neighborhood Centers


Daily Best Commercial Properties

  1. Walgreens in Sacramento, CA: 14,490 SF well maintained drug store built in 2006 on over 1 ac lot at a high traffic signalized intersection. 100% absolute NNN lease with over 10 yrs left. NOI $390K/yr. $6.5M. 6% cap.
  2. Retail Center in Thornton, CO: 17,325 SF retail center constructed in 2000 on 1.54 ac lot in growing and upper middle-class Denver suburbs. 94% leased. NOI $175K/yr. $2.595M. 6.78% cap.
  3. Shopping Center in Dublin, OH: 30,493 SF consisting of four retail buildings renovated in 2010 on 4.72 ac lot in affluent Columbus suburbs. Close to Mall at Turtle Crossing and with easy access to I-270. 100% NNN leased to nine tenants. NOI $621K/yr. $7.8M. 8% cap.
  4. Neighborhood Center in Bakersfield, CA: 87,803 SF shopping center on over 8 ac lot anchored by Vons Grocery at a signalized intersection. Other major tenants include: Dollar General, Pizza Hut, Taco Bell, Auto Zone, Subway and H&R. NOI $976K/yr. $13.75M. 7.10% cap.
  5. Retail Buildings in Niles, IL: 16,239 SF retail center and 7807 SF AutoZone retail building along main corridor in a high income area. 92% NNN leased. NOI $218K/yr. $2.497M. 8.75% cap.
  6. Medical Office Complex in Glendale, AR: 69,858 SF consisting of eleven buildings on over 11 ac lot in Phoenix suburbs. Adjacent to major Power Centers and close to Arrowhead Towne Center. 90% leased to multiple tenants. Actual NOI $805K/yr. $11.35M. 7.10% cap.
  7. Retail Center in Rialto, CA: 25,352 SF well maintained retail center on 1.78 ac lot along main artery in San Bernardino County. Anchored by Family Dollar. 100% NNN leased. NOI $261K/yr. $3.8M. 7% cap.
  8. SmileCare Dental in Riverside, CA: 10,000 SF single tenant building constructed in 1990 on .58 ac lot along major artery in Los Angeles suburbs. Next to and visible to Hwy-91. Across from Galleria at Tyler and Kaiser Permanente. 100% NNN corp lease with 2 yrs left. NOI $191K/yr. $2.45M. 7.81% cap.
  9. Shopping Center in Farmington Hills, MI: 50,592 SF well maintained shopping center in affluent neighborhood with an AHI of $106K/yr in a 1 mile ring. NOI $508K/yr. $6.778M. 7.50% cap.
  10. MOB's in Lithia Springs, GA: 48,602 SF consisting of two attractive medical buildings completed in 1992 on nearly 4 ac lot in growing Atlanta suburbs. Close to Hwy6 and I-20. Excellent tenant mix: OB/GYN, Gastroenterology, Ophthalmology, Primary Care, Fertility and Dental. NOI $280K/yr. $3.3M. 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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